Iso - Calor: what changed
What changed
Iso - Calor
NACE 43.230, Insulation installation
filed annual accounts (NBB)
Net result for the year
-€514,193
2024 · -€376,092-€138,101
Equity
€51,728
2024 · -€562,826+€614,554
Cash
€25,800
2024 · €3,085+€22,715
Balance sheet total
€2.5m
2024 · €2.5m-€20,246
Largest movements
Assets
- Tangible fixed assets -€132,564
down €132,564 (-7.3%), from €1.8m to €1.7m
of which Leasing and similar rights: -€171,037
- Receivables within one year +€89,415
up €89,415 (+14.3%), from €624,983 to €714,398
of which Trade receivables: +€81,243
Equity and liabilities
- Profit (loss) carried forward +€869,554
up €869,554 (+63.5%), from -€1.4m to -€498,854
- Other debts -€563,180
down €563,180 (-46.9%), from €1.2m to €636,615
- Contributions -€255,000
down €255,000 (-50.5%), from €505,000 to €250,000
- Debts after one year -€223,308
down €223,308 (-17.6%), from €1.3m to €1.0m
- Trade debts +€165,840
up €165,840 (+188%), from €88,394 to €254,234
Income statement
- Gross operating margin -€188,623
down €188,623 (-52.3%), from €360,931 to €172,308
- Staff costs -€41,047
down €41,047 (-9.0%), from €456,077 to €415,030
- Financial charges -€13,991
down €13,991 (-14.7%), from €94,976 to €80,985
- Depreciation +€4,093
up €4,093 (+2.2%), from €183,287 to €187,380
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€376,092
Gross operating margin
-€188,623
Staff costs
+€41,047
Depreciation
-€4,093
Other operating charges
-€551
Financial income
+€86
Financial charges
+€13,991
Taxes
+€42
Result 2025
-€514,193
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€833,150
Investment
-€54,692
Financing
+€910,557
Cash 2024
€3,085
From operations (derived)
-€833,150
Net result for the year
-€514,193
Depreciation
+€187,380
Smaller working-capital items
-€312
Receivables within one year
-€89,415
Trade debts
+€165,840
Tax, wage and social debts
+€7,505
Other debts
-€563,180
Accrued charges and deferred income
-€26,775
Investment (derived)
-€54,692
Investment in fixed assets (net)
-€54,692
Financing
+€910,557
Debts after one year
-€223,308
Current portion of long-term debt
+€5,118
Contributions, distributions and other
+€1.1m
Cash 2025
€25,800
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,511,227 | €2,490,981 | -€20,246 | -0.8% |
| Fixed assets | 21/28 | €1,823,494 | €1,690,806 | -€132,688 | -7.3% |
| Tangible fixed assets | 22/27 | €1,823,197 | €1,690,633 | -€132,564 | -7.3% |
| Land and buildings | 22 | - | €17,186 | +€17,186 | |
| Plant, machinery and equipment | 23 | €39,334 | €61,450 | +€22,116 | +56.2% |
| Furniture and vehicles | 24 | €5,934 | €6,388 | +€454 | +7.7% |
| Leasing and similar rights | 25 | €1,768,740 | €1,597,703 | -€171,037 | -9.7% |
| Other tangible fixed assets | 26 | €9,189 | €7,905 | -€1,285 | -14.0% |
| Financial fixed assets | 28 | €297 | €173 | -€124 | -41.7% |
| Current assets | 29/58 | €687,733 | €800,175 | +€112,442 | +16.3% |
| Stocks and contracts in progress | 3 | €52,425 | €52,590 | +€166 | +0.3% |
| Stocks | 30/36 | €52,425 | €52,590 | +€166 | +0.3% |
| Amounts receivable within one year | 40/41 | €624,983 | €714,398 | +€89,415 | +14.3% |
| Trade receivables | 40 | €617,143 | €698,386 | +€81,243 | +13.2% |
| Other amounts receivable | 41 | €7,839 | €16,011 | +€8,172 | +104% |
| Cash at bank and in hand | 54/58 | €3,085 | €25,800 | +€22,715 | +736% |
| Deferred charges and accrued income | 490/1 | €7,241 | €7,387 | +€146 | +2.0% |
| Total equity and liabilities | 10/49 | €2,511,227 | €2,490,981 | -€20,246 | -0.8% |
| Equity | 10/15 | -€562,826 | €51,728 | +€614,554 | |
| Contributions | 10/11 | €505,000 | €250,000 | -€255,000 | -50.5% |
| Capital | 10 | €505,000 | €250,000 | -€255,000 | -50.5% |
| Issued capital | 100 | €505,000 | €250,000 | -€255,000 | -50.5% |
| Reserves | 13 | €300,582 | €300,582 | = | 0.0% |
| Non-distributable reserves | 130/1 | €12,643 | €12,643 | = | 0.0% |
| Legal reserve | 130 | €12,643 | €12,643 | = | 0.0% |
| Tax-exempt reserves | 132 | €72,391 | €72,391 | = | 0.0% |
| Distributable reserves | 133 | €215,549 | €215,549 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,368,408 | -€498,854 | +€869,554 | +63.5% |
| Amounts payable | 17/49 | €3,074,054 | €2,439,254 | -€634,800 | -20.7% |
| Amounts payable after more than one year | 17 | €1,270,621 | €1,047,313 | -€223,308 | -17.6% |
| Financial debts | 170/4 | €1,270,621 | €1,047,313 | -€223,308 | -17.6% |
| Amounts payable within one year | 42/48 | €1,770,659 | €1,385,942 | -€384,717 | -21.7% |
| Current portion of amounts payable after more than one year | 42 | €218,190 | €223,308 | +€5,118 | +2.3% |
| Financial debts | 43 | €200,000 | €200,000 | = | 0.0% |
| Credit institutions | 430/8 | €200,000 | €200,000 | = | 0.0% |
| Trade debts | 44 | €88,394 | €254,234 | +€165,840 | +188% |
| Suppliers | 440/4 | €88,394 | €254,234 | +€165,840 | +188% |
| Taxes, remuneration and social security | 45 | €64,280 | €71,785 | +€7,505 | +11.7% |
| Taxes | 450/3 | €4,832 | €6,354 | +€1,522 | +31.5% |
| Remuneration and social security | 454/9 | €59,448 | €65,431 | +€5,983 | +10.1% |
| Other amounts payable | 47/48 | €1,199,795 | €636,615 | -€563,180 | -46.9% |
| Accrued charges and deferred income | 492/3 | €32,773 | €5,998 | -€26,775 | -81.7% |
| Remuneration, social security and pensions | 62 | €456,077 | €415,030 | -€41,047 | -9.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €183,287 | €187,380 | +€4,093 | +2.2% |
| Other operating charges | 640/8 | €2,774 | €3,325 | +€551 | +19.9% |
| Gross operating margin | 9900 | €360,931 | €172,308 | -€188,623 | -52.3% |
| Operating profit (loss) | 9901 | -€281,206 | -€433,427 | -€152,221 | -54.1% |
| Financial income | 75/76B | €132 | €218 | +€86 | +65.5% |
| Recurring financial income | 75 | €132 | €218 | +€86 | +65.5% |
| Financial charges | 65/66B | €94,976 | €80,985 | -€13,991 | -14.7% |
| Recurring financial charges | 65 | €94,976 | €80,985 | -€13,991 | -14.7% |
| Profit (loss) for the period before taxes | 9903 | -€376,050 | -€514,193 | -€138,143 | -36.7% |
| Income taxes | 67/77 | €42 | - | -€42 | |
| Profit (loss) for the period | 9904 | -€376,092 | -€514,193 | -€138,101 | -36.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€376,092 | -€514,193 | -€138,101 | -36.7% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.