VAN ISEGHEM: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
VAN ISEGHEM
Largest movements
- Receivables within one year +€63,878
up €63,878 (+13.4%), from €475,739 to €539,617
of which Other amounts receivable: +€68,427
- Cash +€61,507
up €61,507 (+33.4%), from €183,961 to €245,468
mainly Trade debts (+€153,425) and Net result for the year (+€72,782)
- Stocks and contracts +€53,350
up €53,350 (+4.7%), from €1.1m to €1.2m
- Deferred charges and accrued income -€45,457
no longer reported in 2025 (was €45,457)
- Tangible fixed assets -€31,010
down €31,010 (-37.0%), from €83,699 to €52,688
- Trade debts +€153,425
up €153,425 (+107%), from €142,733 to €296,158
- Other debts -€119,055
down €119,055 (-11.7%), from €1.0m to €900,854
- Reserves +€72,782
up €72,782 (+14.7%), from €496,758 to €569,540
of which Distributable reserves: +€37,656
- Gross operating margin +€53,047
up €53,047 (+24.4%), from €217,259 to €270,306
- Taxes +€16,676
up €16,676 (+167%), from €9,997 to €26,673
- Financial income +€13,602
up €13,602 (+21.3%), from €63,717 to €77,319
- Staff costs -€11,399
down €11,399 (-5.4%), from €210,376 to €198,977
- Other operating charges +€8,386
up €8,386 (+96.9%), from €8,654 to €17,040
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,933,137 | €2,035,074 | +€101,938 | +5.3% |
| Fixed assets | 21/28 | €87,612 | €56,272 | -€31,340 | -35.8% |
| Intangible fixed assets | 21 | €330 | - | -€330 | |
| Tangible fixed assets | 22/27 | €83,699 | €52,688 | -€31,010 | -37.0% |
| Land and buildings | 22 | €37,909 | €26,640 | -€11,268 | -29.7% |
| Plant, machinery and equipment | 23 | €17,359 | €8,602 | -€8,757 | -50.4% |
| Furniture and vehicles | 24 | €28,431 | €17,446 | -€10,985 | -38.6% |
| Financial fixed assets | 28 | €3,584 | €3,584 | = | 0.0% |
| Current assets | 29/58 | €1,845,524 | €1,978,802 | +€133,278 | +7.2% |
| Stocks and contracts in progress | 3 | €1,140,368 | €1,193,718 | +€53,350 | +4.7% |
| Stocks | 30/36 | €1,140,368 | €1,193,718 | +€53,350 | +4.7% |
| Amounts receivable within one year | 40/41 | €475,739 | €539,617 | +€63,878 | +13.4% |
| Trade receivables | 40 | €344,979 | €340,430 | -€4,549 | -1.3% |
| Other amounts receivable | 41 | €130,760 | €199,187 | +€68,427 | +52.3% |
| Cash at bank and in hand | 54/58 | €183,961 | €245,468 | +€61,507 | +33.4% |
| Deferred charges and accrued income | 490/1 | €45,457 | - | -€45,457 | |
| Total equity and liabilities | 10/49 | €1,933,137 | €2,035,074 | +€101,938 | +5.3% |
| Equity | 10/15 | €716,758 | €789,540 | +€72,782 | +10.2% |
| Contributions | 10/11 | €220,000 | €220,000 | = | 0.0% |
| Reserves | 13 | €496,758 | €569,540 | +€72,782 | +14.7% |
| Tax-exempt reserves | 132 | - | €35,126 | +€35,126 | |
| Distributable reserves | 133 | €496,758 | €534,414 | +€37,656 | +7.6% |
| Amounts payable | 17/49 | €1,216,378 | €1,245,534 | +€29,156 | +2.4% |
| Amounts payable within one year | 42/48 | €1,215,535 | €1,234,058 | +€18,523 | +1.5% |
| Trade debts | 44 | €142,733 | €296,158 | +€153,425 | +107% |
| Suppliers | 440/4 | €142,733 | €296,158 | +€153,425 | +107% |
| Advances received on contracts in progress | 46 | €8,120 | €6,537 | -€1,583 | -19.5% |
| Taxes, remuneration and social security | 45 | €44,775 | €30,510 | -€14,265 | -31.9% |
| Taxes | 450/3 | €15,516 | €6,118 | -€9,398 | -60.6% |
| Remuneration and social security | 454/9 | €29,258 | €24,392 | -€4,866 | -16.6% |
| Other amounts payable | 47/48 | €1,019,908 | €900,854 | -€119,055 | -11.7% |
| Accrued charges and deferred income | 492/3 | €843 | €11,476 | +€10,633 | +1,262% |
| Remuneration, social security and pensions | 62 | €210,376 | €198,977 | -€11,399 | -5.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,336 | €31,340 | -€996 | -3.1% |
| Other operating charges | 640/8 | €8,654 | €17,040 | +€8,386 | +96.9% |
| Gross operating margin | 9900 | €217,259 | €270,306 | +€53,047 | +24.4% |
| Operating profit (loss) | 9901 | -€34,108 | €22,949 | +€57,056 | |
| Financial income | 75/76B | €63,717 | €77,319 | +€13,602 | +21.3% |
| Recurring financial income | 75 | €63,717 | €77,319 | +€13,602 | +21.3% |
| Financial charges | 65/66B | €1,215 | €812 | -€402 | -33.1% |
| Recurring financial charges | 65 | €1,215 | €812 | -€402 | -33.1% |
| Profit (loss) for the period before taxes | 9903 | €28,394 | €99,455 | +€71,061 | +250% |
| Income taxes | 67/77 | €9,997 | €26,673 | +€16,676 | +167% |
| Profit (loss) for the period | 9904 | €18,397 | €72,782 | +€54,385 | +296% |
| Profit (loss) for the period to be appropriated | 9905 | €18,397 | €72,782 | +€54,385 | +296% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.