ISO Complex: 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.
ISO Complex
Largest movements
- Receivables within one year +€160,956
up €160,956 (+94.5%), from €170,263 to €331,219
of which Trade receivables: +€145,063
- Tangible fixed assets -€52,127
down €52,127 (-48.2%), from €108,083 to €55,956
of which Furniture and vehicles: -€36,576
- Stocks and contracts -€34,908
no longer reported in 2025 (was €34,908)
- Cash -€32,678
down €32,678 (-12.5%), from €262,461 to €229,783
mainly Receivables within one year (-€160,956) and Trade debts (-€43,736)
- Reserves +€50,000
up €50,000 (+33.3%), from €150,000 to €200,000
- Trade debts -€43,736
down €43,736 (-19.3%), from €226,531 to €182,795
- Tax, wage and social debts +€25,499
up €25,499 (+256.3%), from €9,949 to €35,448
- Profit (loss) carried forward +€22,883
up €22,883 (+20.8%), from €109,955 to €132,838
- Other debts -€18,400
down €18,400 (-48.8%), from €37,668 to €19,268
- Gross operating margin +€43,498
up €43,498 (+33.5%), from €129,893 to €173,390
- Taxes +€18,683
up €18,683 (+97.6%), from €19,136 to €37,819
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 | €584,401 | €620,557 | +€36,156 | +6.2% |
| Fixed assets | 21/28 | €111,683 | €59,556 | -€52,127 | -46.7% |
| Tangible fixed assets | 22/27 | €108,083 | €55,956 | -€52,127 | -48.2% |
| Plant, machinery and equipment | 23 | €34,166 | €18,615 | -€15,551 | -45.5% |
| Furniture and vehicles | 24 | €73,917 | €37,341 | -€36,576 | -49.5% |
| Financial fixed assets | 28 | €3,600 | €3,600 | = | 0.0% |
| Current assets | 29/58 | €472,718 | €561,001 | +€88,283 | +18.7% |
| Stocks and contracts in progress | 3 | €34,908 | - | -€34,908 | |
| Stocks | 30/36 | €34,908 | - | -€34,908 | |
| Amounts receivable within one year | 40/41 | €170,263 | €331,219 | +€160,956 | +94.5% |
| Trade receivables | 40 | €134,334 | €279,398 | +€145,063 | +108.0% |
| Other amounts receivable | 41 | €35,929 | €51,821 | +€15,892 | +44.2% |
| Cash at bank and in hand | 54/58 | €262,461 | €229,783 | -€32,678 | -12.5% |
| Deferred charges and accrued income | 490/1 | €5,086 | - | -€5,086 | |
| Total equity and liabilities | 10/49 | €584,401 | €620,557 | +€36,156 | +6.2% |
| Equity | 10/15 | €264,955 | €337,838 | +€72,883 | +27.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €150,000 | €200,000 | +€50,000 | +33.3% |
| Distributable reserves | 133 | €150,000 | €200,000 | +€50,000 | +33.3% |
| Profit (loss) carried forward | 14 | €109,955 | €132,838 | +€22,883 | +20.8% |
| Amounts payable | 17/49 | €319,446 | €282,719 | -€36,727 | -11.5% |
| Amounts payable after more than one year | 17 | €19,018 | €7,533 | -€11,485 | -60.4% |
| Financial debts | 170/4 | €19,018 | €7,533 | -€11,485 | -60.4% |
| Amounts payable within one year | 42/48 | €284,539 | €248,996 | -€35,543 | -12.5% |
| Current portion of amounts payable after more than one year | 42 | €10,391 | €11,485 | +€1,095 | +10.5% |
| Trade debts | 44 | €226,531 | €182,795 | -€43,736 | -19.3% |
| Suppliers | 440/4 | €226,531 | €182,795 | -€43,736 | -19.3% |
| Taxes, remuneration and social security | 45 | €9,949 | €35,448 | +€25,499 | +256.3% |
| Taxes | 450/3 | €9,949 | €35,448 | +€25,499 | +256.3% |
| Other amounts payable | 47/48 | €37,668 | €19,268 | -€18,400 | -48.8% |
| Accrued charges and deferred income | 492/3 | €15,889 | €26,190 | +€10,301 | +64.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €51,200 | €52,127 | +€928 | +1.8% |
| Other operating charges | 640/8 | €6,217 | €7,405 | +€1,188 | +19.1% |
| Gross operating margin | 9900 | €129,893 | €173,390 | +€43,498 | +33.5% |
| Operating profit (loss) | 9901 | €72,476 | €113,858 | +€41,382 | +57.1% |
| Financial charges | 65/66B | €2,796 | €3,156 | +€360 | +12.9% |
| Recurring financial charges | 65 | €2,796 | €3,156 | +€360 | +12.9% |
| Profit (loss) for the period before taxes | 9903 | €69,679 | €110,702 | +€41,023 | +58.9% |
| Income taxes | 67/77 | €19,136 | €37,819 | +€18,683 | +97.6% |
| Profit (loss) for the period | 9904 | €50,543 | €72,883 | +€22,340 | +44.2% |
| Profit (loss) for the period to be appropriated | 9905 | €50,543 | €72,883 | +€22,340 | +44.2% |
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.