ISO-SPOUW: 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-SPOUW
Largest movements
- Cash -€62,920
down €62,920 (-67.9%), from €92,674 to €29,753
mainly Other debts (-€56,074) and Net result for the year (-€35,428)
- Stocks and contracts -€8,500
no longer reported in 2025 (was €8,500)
- Tangible fixed assets -€8,298
down €8,298 (-11.8%), from €70,370 to €62,072
of which Land and buildings: -€7,082
- Receivables within one year -€6,199
down €6,199 (-12.5%), from €49,727 to €43,529
of which Other amounts receivable: -€5,007
- Deferred charges and accrued income -€3,393
down €3,393 (-90.4%), from €3,753 to €360
- Other debts -€56,074
down €56,074 (-39.5%), from €142,090 to €86,016
- Reserves -€35,428
down €35,428 (-68.1%), from €52,057 to €16,629
of which Distributable reserves: -€35,428
- Trade debts +€3,699
up €3,699 (+77.5%), from €4,771 to €8,470
- Gross operating margin -€41,276
down €41,276 (-61.3%), from €67,340 to €26,064
- Staff costs -€7,399
down €7,399 (-13.3%), from €55,473 to €48,074
- Financial charges -€3,010
down €3,010 (-90.4%), from €3,328 to €318
- Other operating charges +€1,993
up €1,993 (+66.5%), from €2,995 to €4,988
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 | €225,424 | €136,114 | -€89,310 | -39.6% |
| Fixed assets | 21/28 | €70,770 | €62,472 | -€8,298 | -11.7% |
| Tangible fixed assets | 22/27 | €70,370 | €62,072 | -€8,298 | -11.8% |
| Land and buildings | 22 | €67,632 | €60,550 | -€7,082 | -10.5% |
| Plant, machinery and equipment | 23 | €1,573 | €1,074 | -€499 | -31.7% |
| Furniture and vehicles | 24 | €1,166 | €448 | -€717 | -61.5% |
| Financial fixed assets | 28 | €400 | €400 | = | 0.0% |
| Current assets | 29/58 | €154,654 | €73,642 | -€81,012 | -52.4% |
| Stocks and contracts in progress | 3 | €8,500 | - | -€8,500 | |
| Stocks | 30/36 | €8,500 | - | -€8,500 | |
| Amounts receivable within one year | 40/41 | €49,727 | €43,529 | -€6,199 | -12.5% |
| Trade receivables | 40 | €42,867 | €41,675 | -€1,192 | -2.8% |
| Other amounts receivable | 41 | €6,861 | €1,854 | -€5,007 | -73.0% |
| Cash at bank and in hand | 54/58 | €92,674 | €29,753 | -€62,920 | -67.9% |
| Deferred charges and accrued income | 490/1 | €3,753 | €360 | -€3,393 | -90.4% |
| Total equity and liabilities | 10/49 | €225,424 | €136,114 | -€89,310 | -39.6% |
| Equity | 10/15 | €77,057 | €41,629 | -€35,428 | -46.0% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €52,057 | €16,629 | -€35,428 | -68.1% |
| Non-distributable reserves | 130/1 | €2,500 | €2,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,500 | €2,500 | = | 0.0% |
| Distributable reserves | 133 | €49,557 | €14,129 | -€35,428 | -71.5% |
| Amounts payable | 17/49 | €148,367 | €94,485 | -€53,882 | -36.3% |
| Amounts payable within one year | 42/48 | €148,367 | €94,485 | -€53,882 | -36.3% |
| Financial debts | 43 | €436 | - | -€436 | |
| Credit institutions | 430/8 | €436 | - | -€436 | |
| Trade debts | 44 | €4,771 | €8,470 | +€3,699 | +77.5% |
| Suppliers | 440/4 | €4,771 | €8,470 | +€3,699 | +77.5% |
| Taxes, remuneration and social security | 45 | €1,071 | - | -€1,071 | |
| Taxes | 450/3 | €335 | - | -€335 | |
| Remuneration and social security | 454/9 | €736 | - | -€736 | |
| Other amounts payable | 47/48 | €142,090 | €86,016 | -€56,074 | -39.5% |
| Non-recurring operating income | 76A | - | €17,950 | +€17,950 | |
| Remuneration, social security and pensions | 62 | €55,473 | €48,074 | -€7,399 | -13.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,697 | €8,298 | -€399 | -4.6% |
| Other operating charges | 640/8 | €2,995 | €4,988 | +€1,993 | +66.5% |
| Gross operating margin | 9900 | €67,340 | €26,064 | -€41,276 | -61.3% |
| Operating profit (loss) | 9901 | €175 | -€35,296 | -€35,471 | |
| Financial income | 75/76B | €188 | €186 | -€2 | -1.2% |
| Recurring financial income | 75 | €188 | €186 | -€2 | -1.2% |
| Financial charges | 65/66B | €3,328 | €318 | -€3,010 | -90.4% |
| Recurring financial charges | 65 | €3,328 | €318 | -€3,010 | -90.4% |
| Profit (loss) for the period before taxes | 9903 | -€2,965 | -€35,428 | -€32,463 | -1,095% |
| Income taxes | 67/77 | €325 | - | -€325 | |
| Profit (loss) for the period | 9904 | -€3,290 | -€35,428 | -€32,138 | -977% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,290 | -€35,428 | -€32,138 | -977% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.