ISO-RENO GROUP: what changed
ISO-RENO GROUP
Largest movements
- Receivables within one year +€40,259
up €40,259 (+43.2%), from €93,107 to €133,366
of which Trade receivables: +€55,213
- Cash -€5,034
down €5,034 (-91.0%), from €5,532 to €498
mainly Receivables within one year (-€40,259) and Investment in fixed assets (net) (-€14,300)
- Deferred charges and accrued income -€2,076
down €2,076 (-86.9%), from €2,387 to €312
- Reserves +€27,072
up €27,072 (+84.2%), from €32,167 to €59,238
- Trade debts +€7,589
up €7,589 (+11.7%), from €65,116 to €72,705
- Debts after one year -€3,383
no longer reported in 2025 (was €3,383)
- Tax, wage and social debts +€3,183
up €3,183 (+38.7%), from €8,229 to €11,412
- Current portion of long-term debt -€3,117
down €3,117 (-48.0%), from €6,500 to €3,383
- Gross operating margin +€14,342
up €14,342 (+36.7%), from €39,121 to €53,464
- Depreciation +€2,951
up €2,951 (+25.6%), from €11,523 to €14,474
- Taxes +€2,281
up €2,281 (+40.6%), from €5,615 to €7,896
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €119,295 | €152,270 | +€32,975 | +27.6% |
| Fixed assets | 21/28 | €18,268 | €18,094 | -€174 | -1.0% |
| Tangible fixed assets | 22/27 | €18,268 | €18,094 | -€174 | -1.0% |
| Plant, machinery and equipment | 23 | €8,379 | €3,940 | -€4,439 | -53.0% |
| Furniture and vehicles | 24 | €9,889 | €14,154 | +€4,264 | +43.1% |
| Current assets | 29/58 | €101,027 | €134,176 | +€33,149 | +32.8% |
| Amounts receivable within one year | 40/41 | €93,107 | €133,366 | +€40,259 | +43.2% |
| Trade receivables | 40 | €31,877 | €87,090 | +€55,213 | +173% |
| Other amounts receivable | 41 | €61,230 | €46,276 | -€14,954 | -24.4% |
| Cash at bank and in hand | 54/58 | €5,532 | €498 | -€5,034 | -91.0% |
| Deferred charges and accrued income | 490/1 | €2,387 | €312 | -€2,076 | -86.9% |
| Total equity and liabilities | 10/49 | €119,295 | €152,270 | +€32,975 | +27.6% |
| Equity | 10/15 | €35,167 | €62,238 | +€27,072 | +77.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €32,167 | €59,238 | +€27,072 | +84.2% |
| Distributable reserves | 133 | €32,167 | €59,238 | +€27,072 | +84.2% |
| Amounts payable | 17/49 | €84,128 | €90,031 | +€5,903 | +7.0% |
| Amounts payable after more than one year | 17 | €3,383 | - | -€3,383 | |
| Financial debts | 170/4 | €3,383 | - | -€3,383 | |
| Amounts payable within one year | 42/48 | €79,845 | €87,500 | +€7,655 | +9.6% |
| Current portion of amounts payable after more than one year | 42 | €6,500 | €3,383 | -€3,117 | -48.0% |
| Trade debts | 44 | €65,116 | €72,705 | +€7,589 | +11.7% |
| Suppliers | 440/4 | €65,116 | €72,705 | +€7,589 | +11.7% |
| Taxes, remuneration and social security | 45 | €8,229 | €11,412 | +€3,183 | +38.7% |
| Taxes | 450/3 | €8,229 | €11,412 | +€3,183 | +38.7% |
| Accrued charges and deferred income | 492/3 | €900 | €2,531 | +€1,631 | +181% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,523 | €14,474 | +€2,951 | +25.6% |
| Other operating charges | 640/8 | €3,507 | €3,315 | -€192 | -5.5% |
| Gross operating margin | 9900 | €39,121 | €53,464 | +€14,342 | +36.7% |
| Operating profit (loss) | 9901 | €24,091 | €35,674 | +€11,583 | +48.1% |
| Financial income | 75/76B | €4 | €38 | +€34 | +902% |
| Recurring financial income | 75 | €4 | €38 | +€34 | +902% |
| Financial charges | 65/66B | €1,017 | €744 | -€273 | -26.8% |
| Recurring financial charges | 65 | €1,017 | €744 | -€273 | -26.8% |
| Profit (loss) for the period before taxes | 9903 | €23,078 | €34,968 | +€11,890 | +51.5% |
| Income taxes | 67/77 | €5,615 | €7,896 | +€2,281 | +40.6% |
| Profit (loss) for the period | 9904 | €17,463 | €27,072 | +€9,609 | +55.0% |
| Profit (loss) for the period to be appropriated | 9905 | €17,463 | €27,072 | +€9,609 | +55.0% |
Next steps
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 2 November 2026 via checked.be.