Iso-Kurk: 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-Kurk
Largest movements
- Tangible fixed assets -€33,185
down €33,185 (-5.8%), from €573,772 to €540,587
of which Land and buildings: -€24,603
- Cash +€31,274
up €31,274 (+68.4%), from €45,733 to €77,007
mainly Net result for the year (+€49,117) and Depreciation (+€42,328)
- Receivables within one year +€24,333
up €24,333 (+28.8%), from €84,544 to €108,877
of which Trade receivables: +€33,251
- Profit (loss) carried forward +€49,117
up €49,117 (+31.7%), from €154,884 to €204,001
- Debts after one year -€40,332
down €40,332 (-9.6%), from €420,997 to €380,665
- Trade debts +€16,218
up €16,218 (+39.4%), from €41,126 to €57,344
- Gross operating margin +€72,248
up €72,248 (+153%), from €47,359 to €119,607
- Taxes +€12,280
new in 2025: €12,280
- Financial charges -€10,402
down €10,402 (-47.1%), from €22,084 to €11,682
of which Non-recurring financial charges: -€10,885
- Other operating charges +€1,625
up €1,625 (+75.9%), from €2,143 to €3,768
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 | €764,352 | €782,953 | +€18,600 | +2.4% |
| Fixed assets | 21/28 | €583,772 | €550,587 | -€33,185 | -5.7% |
| Tangible fixed assets | 22/27 | €573,772 | €540,587 | -€33,185 | -5.8% |
| Land and buildings | 22 | €541,573 | €516,970 | -€24,603 | -4.5% |
| Plant, machinery and equipment | 23 | €18,391 | €14,517 | -€3,874 | -21.1% |
| Furniture and vehicles | 24 | €13,808 | €9,100 | -€4,708 | -34.1% |
| Financial fixed assets | 28 | €10,000 | €10,000 | = | 0.0% |
| Current assets | 29/58 | €180,580 | €232,365 | +€51,785 | +28.7% |
| Stocks and contracts in progress | 3 | €50,303 | €46,481 | -€3,822 | -7.6% |
| Stocks | 30/36 | €50,303 | €46,481 | -€3,822 | -7.6% |
| Amounts receivable within one year | 40/41 | €84,544 | €108,877 | +€24,333 | +28.8% |
| Trade receivables | 40 | €75,581 | €108,832 | +€33,251 | +44.0% |
| Other amounts receivable | 41 | €8,963 | €45 | -€8,918 | -99.5% |
| Cash at bank and in hand | 54/58 | €45,733 | €77,007 | +€31,274 | +68.4% |
| Total equity and liabilities | 10/49 | €764,352 | €782,953 | +€18,600 | +2.4% |
| Equity | 10/15 | €194,970 | €244,087 | +€49,117 | +25.2% |
| Contributions | 10/11 | €37,500 | €37,500 | = | 0.0% |
| Reserves | 13 | €2,586 | €2,586 | = | 0.0% |
| Distributable reserves | 133 | €2,586 | €2,586 | = | 0.0% |
| Profit (loss) carried forward | 14 | €154,884 | €204,001 | +€49,117 | +31.7% |
| Amounts payable | 17/49 | €569,382 | €538,865 | -€30,517 | -5.4% |
| Amounts payable after more than one year | 17 | €420,997 | €380,665 | -€40,332 | -9.6% |
| Financial debts | 170/4 | €420,997 | €380,665 | -€40,332 | -9.6% |
| Amounts payable within one year | 42/48 | €148,385 | €154,704 | +€6,319 | +4.3% |
| Current portion of amounts payable after more than one year | 42 | €39,465 | €40,332 | +€867 | +2.2% |
| Financial debts | 43 | €2,706 | €0 | -€2,706 | -100% |
| Credit institutions | 430/8 | €2,706 | €0 | -€2,706 | -100% |
| Trade debts | 44 | €41,126 | €57,344 | +€16,218 | +39.4% |
| Suppliers | 440/4 | €41,126 | €57,344 | +€16,218 | +39.4% |
| Advances received on contracts in progress | 46 | €52,005 | €46,797 | -€5,208 | -10.0% |
| Taxes, remuneration and social security | 45 | €6,643 | €10,230 | +€3,587 | +54.0% |
| Taxes | 450/3 | €6,643 | €10,230 | +€3,587 | +54.0% |
| Other amounts payable | 47/48 | €6,440 | €0 | -€6,440 | -100% |
| Accrued charges and deferred income | 492/3 | €0 | €3,497 | +€3,497 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,175 | €42,328 | +€153 | +0.4% |
| Other operating charges | 640/8 | €2,143 | €3,768 | +€1,625 | +75.9% |
| Non-recurring operating charges | 66A | - | €579 | +€579 | |
| Gross operating margin | 9900 | €47,359 | €119,607 | +€72,248 | +153% |
| Operating profit (loss) | 9901 | €3,041 | €72,932 | +€69,891 | +2,298% |
| Financial income | 75/76B | €16 | €147 | +€132 | +840% |
| Recurring financial income | 75 | €16 | €147 | +€132 | +840% |
| Financial charges | 65/66B | €22,084 | €11,682 | -€10,402 | -47.1% |
| Recurring financial charges | 65 | €11,200 | €11,682 | +€482 | +4.3% |
| Non-recurring financial charges | 66B | €10,885 | - | -€10,885 | |
| Profit (loss) for the period before taxes | 9903 | -€19,028 | €61,397 | +€80,425 | |
| Income taxes | 67/77 | - | €12,280 | +€12,280 | |
| Profit (loss) for the period | 9904 | -€19,028 | €49,117 | +€68,145 | |
| Profit (loss) for the period to be appropriated | 9905 | -€19,028 | €49,117 | +€68,145 |
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 28 October 2026 via checked.be.