ISAKON: 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.
ISAKON
Largest movements
- Receivables within one year -€20,150
down €20,150 (-11.0%), from €183,468 to €163,318
of which Trade receivables: -€19,872
- Intangible fixed assets -€10,143
down €10,143 (-16.9%), from €59,996 to €49,853
- Other debts -€229,836
down €229,836 (-91.4%), from €251,388 to €21,552
- Trade debts +€138,905
up €138,905 (+63.6%), from €218,288 to €357,193
- Tax, wage and social debts +€73,245
up €73,245 (+112.1%), from €65,349 to €138,593
of which Taxes: +€56,740
- Accrued charges and deferred income -€36,275
no longer reported in 2025 (was €36,275)
- Profit (loss) carried forward +€30,679
up €30,679 (+37.3%), from €82,249 to €112,928
- Gross operating margin +€134,957
up €134,957 (+31.4%), from €429,886 to €564,843
- Depreciation +€32,841
up €32,841 (+78.7%), from €41,721 to €74,562
- Taxes +€12,908
up €12,908 (+9026.8%), from €143 to €13,051
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.
Cash bridge derived
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 | €673,953 | €650,671 | -€23,282 | -3.5% |
| Fixed assets | 21/28 | €392,464 | €388,419 | -€4,044 | -1.0% |
| Intangible fixed assets | 21 | €59,996 | €49,853 | -€10,143 | -16.9% |
| Tangible fixed assets | 22/27 | €332,468 | €338,567 | +€6,098 | +1.8% |
| Plant, machinery and equipment | 23 | €172,876 | €144,452 | -€28,424 | -16.4% |
| Furniture and vehicles | 24 | €2,296 | €2,061 | -€236 | -10.3% |
| Other tangible fixed assets | 26 | €157,296 | €192,053 | +€34,758 | +22.1% |
| Current assets | 29/58 | €281,489 | €262,252 | -€19,237 | -6.8% |
| Stocks and contracts in progress | 3 | €77,520 | €77,491 | -€29 | 0.0% |
| Stocks | 30/36 | €77,520 | €77,491 | -€29 | 0.0% |
| Amounts receivable within one year | 40/41 | €183,468 | €163,318 | -€20,150 | -11.0% |
| Trade receivables | 40 | €183,190 | €163,318 | -€19,872 | -10.8% |
| Other amounts receivable | 41 | €278 | - | -€278 | |
| Cash at bank and in hand | 54/58 | €20,502 | €21,443 | +€941 | +4.6% |
| Total equity and liabilities | 10/49 | €673,953 | €650,671 | -€23,282 | -3.5% |
| Equity | 10/15 | €102,654 | €133,333 | +€30,679 | +29.9% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €1,855 | €1,855 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Profit (loss) carried forward | 14 | €82,249 | €112,928 | +€30,679 | +37.3% |
| Amounts payable | 17/49 | €571,299 | €517,338 | -€53,960 | -9.4% |
| Amounts payable within one year | 42/48 | €535,024 | €517,338 | -€17,686 | -3.3% |
| Trade debts | 44 | €218,288 | €357,193 | +€138,905 | +63.6% |
| Suppliers | 440/4 | €218,288 | €357,193 | +€138,905 | +63.6% |
| Taxes, remuneration and social security | 45 | €65,349 | €138,593 | +€73,245 | +112.1% |
| Taxes | 450/3 | €840 | €57,581 | +€56,740 | +6751.1% |
| Remuneration and social security | 454/9 | €64,508 | €81,012 | +€16,504 | +25.6% |
| Other amounts payable | 47/48 | €251,388 | €21,552 | -€229,836 | -91.4% |
| Accrued charges and deferred income | 492/3 | €36,275 | - | -€36,275 | |
| Non-recurring operating income | 76A | - | €7,250 | +€7,250 | |
| Remuneration, social security and pensions | 62 | €430,865 | €436,506 | +€5,642 | +1.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,721 | €74,562 | +€32,841 | +78.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €1,568 | +€1,568 | |
| Other operating charges | 640/8 | €1,155 | €710 | -€445 | -38.5% |
| Gross operating margin | 9900 | €429,886 | €564,843 | +€134,957 | +31.4% |
| Operating profit (loss) | 9901 | -€43,855 | €51,496 | +€95,351 | |
| Financial income | 75/76B | €4,057 | - | -€4,057 | |
| Recurring financial income | 75 | €4,057 | - | -€4,057 | |
| Financial charges | 65/66B | €3,572 | €7,766 | +€4,194 | +117.4% |
| Recurring financial charges | 65 | €3,572 | €7,766 | +€4,194 | +117.4% |
| Profit (loss) for the period before taxes | 9903 | -€43,370 | €43,730 | +€87,101 | |
| Income taxes | 67/77 | €143 | €13,051 | +€12,908 | +9026.8% |
| Profit (loss) for the period | 9904 | -€43,513 | €30,679 | +€74,192 | |
| Profit (loss) for the period to be appropriated | 9905 | -€43,513 | €30,679 | +€74,192 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.