ISO-ETICS: 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-ETICS
Largest movements
- Receivables within one year -€99,436
down €99,436 (-23.8%), from €417,374 to €317,938
of which Trade receivables: -€101,580
- Stocks and contracts -€64,567
down €64,567 (-27.9%), from €231,289 to €166,723
- Cash +€19,690
up €19,690 (+16.5%), from €119,610 to €139,300
mainly Net result for the year (+€215,847) and Receivables within one year (+€99,436)
- Intangible fixed assets -€15,000
down €15,000 (-13.6%), from €109,890 to €94,890
- Tangible fixed assets -€10,952
down €10,952 (-34.7%), from €31,541 to €20,589
of which Furniture and vehicles: -€10,580
- Other debts -€282,000
down €282,000 (-86.2%), from €327,000 to €45,000
- Reserves +€170,847
up €170,847 (+49.2%), from €347,390 to €518,237
of which Distributable reserves: +€86,647
- Tax, wage and social debts -€37,465
down €37,465 (-42.3%), from €88,616 to €51,151
- Debts after one year -€30,000
down €30,000 (-70.6%), from €42,500 to €12,500
- Gross operating margin -€118,936
down €118,936 (-27.6%), from €431,121 to €312,185
- Write-downs +€19,042
up €19,042, from -€4,946 to €14,096
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 | €912,349 | €742,140 | -€170,209 | -18.7% |
| Fixed assets | 21/28 | €141,431 | €115,480 | -€25,952 | -18.3% |
| Intangible fixed assets | 21 | €109,890 | €94,890 | -€15,000 | -13.6% |
| Tangible fixed assets | 22/27 | €31,541 | €20,589 | -€10,952 | -34.7% |
| Plant, machinery and equipment | 23 | €1,104 | €733 | -€371 | -33.6% |
| Furniture and vehicles | 24 | €30,437 | €19,857 | -€10,580 | -34.8% |
| Current assets | 29/58 | €770,917 | €626,660 | -€144,257 | -18.7% |
| Stocks and contracts in progress | 3 | €231,289 | €166,723 | -€64,567 | -27.9% |
| Stocks | 30/36 | €231,289 | €166,723 | -€64,567 | -27.9% |
| Amounts receivable within one year | 40/41 | €417,374 | €317,938 | -€99,436 | -23.8% |
| Trade receivables | 40 | €414,962 | €313,382 | -€101,580 | -24.5% |
| Other amounts receivable | 41 | €2,412 | €4,556 | +€2,144 | +88.9% |
| Cash at bank and in hand | 54/58 | €119,610 | €139,300 | +€19,690 | +16.5% |
| Deferred charges and accrued income | 490/1 | €2,644 | €2,700 | +€56 | +2.1% |
| Total equity and liabilities | 10/49 | €912,349 | €742,140 | -€170,209 | -18.7% |
| Equity | 10/15 | €362,390 | €533,237 | +€170,847 | +47.1% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €347,390 | €518,237 | +€170,847 | +49.2% |
| Tax-exempt reserves | 132 | €168,400 | €252,600 | +€84,200 | +50.0% |
| Distributable reserves | 133 | €178,990 | €265,637 | +€86,647 | +48.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €549,959 | €208,903 | -€341,056 | -62.0% |
| Amounts payable after more than one year | 17 | €42,500 | €12,500 | -€30,000 | -70.6% |
| Financial debts | 170/4 | €42,500 | €12,500 | -€30,000 | -70.6% |
| Amounts payable within one year | 42/48 | €500,692 | €186,818 | -€313,874 | -62.7% |
| Current portion of amounts payable after more than one year | 42 | €30,000 | €30,000 | = | 0.0% |
| Trade debts | 44 | €55,077 | €60,668 | +€5,591 | +10.2% |
| Suppliers | 440/4 | €55,077 | €60,668 | +€5,591 | +10.2% |
| Taxes, remuneration and social security | 45 | €88,616 | €51,151 | -€37,465 | -42.3% |
| Taxes | 450/3 | €88,616 | €51,151 | -€37,465 | -42.3% |
| Other amounts payable | 47/48 | €327,000 | €45,000 | -€282,000 | -86.2% |
| Accrued charges and deferred income | 492/3 | €6,767 | €9,585 | +€2,818 | +41.6% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,952 | €25,952 | = | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€4,946 | €14,096 | +€19,042 | |
| Other operating charges | 640/8 | €5,557 | €1,483 | -€4,074 | -73.3% |
| Gross operating margin | 9900 | €431,121 | €312,185 | -€118,936 | -27.6% |
| Operating profit (loss) | 9901 | €404,559 | €270,655 | -€133,904 | -33.1% |
| Financial income | 75/76B | €4,807 | €5,231 | +€423 | +8.8% |
| Recurring financial income | 75 | €4,807 | €5,231 | +€423 | +8.8% |
| Financial charges | 65/66B | €7,117 | €3,927 | -€3,191 | -44.8% |
| Recurring financial charges | 65 | €7,117 | €3,927 | -€3,191 | -44.8% |
| Profit (loss) for the period before taxes | 9903 | €402,249 | €271,959 | -€130,290 | -32.4% |
| Income taxes | 67/77 | €55,783 | €56,112 | +€328 | +0.6% |
| Profit (loss) for the period | 9904 | €346,466 | €215,847 | -€130,619 | -37.7% |
| Transfer to tax-exempt reserves | 689 | €84,200 | €84,200 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €262,266 | €131,647 | -€130,619 | -49.8% |
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 16 October 2026 via checked.be.