ISO - TECH BELGIUM: 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 - TECH BELGIUM
Largest movements
- Receivables within one year +€457,067
up €457,067 (+229%), from €199,560 to €656,627
of which Trade receivables: +€475,635
- Cash -€212,111
down €212,111 (-47.2%), from €449,769 to €237,658
mainly Receivables within one year (-€457,067) and Contributions, distributions and other (-€420,000)
- Stocks and contracts -€23,438
down €23,438 (-4.6%), from €507,068 to €483,630
- Other debts +€195,000
up €195,000 (+86.7%), from €225,000 to €420,000
- Tax, wage and social debts +€93,592
up €93,592 (+91.6%), from €102,201 to €195,793
of which Taxes: +€73,497
- Debts after one year -€77,800
down €77,800 (-41.5%), from €187,545 to €109,745
- Trade debts +€17,597
up €17,597 (+23.4%), from €75,087 to €92,684
- Gross operating margin +€205,929
up €205,929 (+31.6%), from €652,398 to €858,326
- Staff costs +€100,003
up €100,003 (+72.8%), from €137,384 to €237,387
- Taxes +€30,460
up €30,460 (+25.6%), from €118,902 to €149,362
- Write-downs +€9,545
new in 2025: €9,545
- Financial income +€9,024
up €9,024 (+94.0%), from €9,603 to €18,627
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 | €1,263,538 | €1,497,039 | +€233,501 | +18.5% |
| Fixed assets | 21/28 | €98,153 | €96,467 | -€1,685 | -1.7% |
| Tangible fixed assets | 22/27 | €98,153 | €96,467 | -€1,685 | -1.7% |
| Land and buildings | 22 | €23,934 | €23,934 | -€0 | 0.0% |
| Plant, machinery and equipment | 23 | €25,947 | €22,228 | -€3,719 | -14.3% |
| Furniture and vehicles | 24 | €23,892 | €28,635 | +€4,742 | +19.8% |
| Leasing and similar rights | 25 | - | €21,670 | +€21,670 | |
| Other tangible fixed assets | 26 | €24,379 | - | -€24,379 | |
| Current assets | 29/58 | €1,165,386 | €1,400,572 | +€235,186 | +20.2% |
| Stocks and contracts in progress | 3 | €507,068 | €483,630 | -€23,438 | -4.6% |
| Stocks | 30/36 | €507,068 | €483,630 | -€23,438 | -4.6% |
| Amounts receivable within one year | 40/41 | €199,560 | €656,627 | +€457,067 | +229% |
| Trade receivables | 40 | €180,992 | €656,627 | +€475,635 | +263% |
| Other amounts receivable | 41 | €18,568 | - | -€18,568 | |
| Cash at bank and in hand | 54/58 | €449,769 | €237,658 | -€212,111 | -47.2% |
| Deferred charges and accrued income | 490/1 | €8,989 | €22,657 | +€13,667 | +152% |
| Total equity and liabilities | 10/49 | €1,263,538 | €1,497,039 | +€233,501 | +18.5% |
| Equity | 10/15 | €590,616 | €594,084 | +€3,468 | +0.6% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €5,000 | €5,000 | = | 0.0% |
| Distributable reserves | 133 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €535,616 | €539,084 | +€3,468 | +0.6% |
| Amounts payable | 17/49 | €672,922 | €902,955 | +€230,033 | +34.2% |
| Amounts payable after more than one year | 17 | €187,545 | €109,745 | -€77,800 | -41.5% |
| Financial debts | 170/4 | €187,545 | €109,745 | -€77,800 | -41.5% |
| Amounts payable within one year | 42/48 | €485,377 | €792,308 | +€306,931 | +63.2% |
| Current portion of amounts payable after more than one year | 42 | €83,089 | €83,831 | +€742 | +0.9% |
| Trade debts | 44 | €75,087 | €92,684 | +€17,597 | +23.4% |
| Suppliers | 440/4 | €75,087 | €92,684 | +€17,597 | +23.4% |
| Taxes, remuneration and social security | 45 | €102,201 | €195,793 | +€93,592 | +91.6% |
| Taxes | 450/3 | €83,418 | €156,915 | +€73,497 | +88.1% |
| Remuneration and social security | 454/9 | €18,783 | €38,879 | +€20,095 | +107% |
| Other amounts payable | 47/48 | €225,000 | €420,000 | +€195,000 | +86.7% |
| Accrued charges and deferred income | 492/3 | - | €902 | +€902 | |
| Non-recurring operating income | 76A | - | €6,772 | +€6,772 | |
| Remuneration, social security and pensions | 62 | €137,384 | €237,387 | +€100,003 | +72.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,235 | €14,376 | +€1,141 | +8.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €9,545 | +€9,545 | |
| Other operating charges | 640/8 | €13,451 | €6,497 | -€6,953 | -51.7% |
| Non-recurring operating charges | 66A | €2,061 | €1,500 | -€562 | -27.2% |
| Gross operating margin | 9900 | €652,398 | €858,326 | +€205,929 | +31.6% |
| Operating profit (loss) | 9901 | €486,267 | €589,021 | +€102,753 | +21.1% |
| Financial income | 75/76B | €9,603 | €18,627 | +€9,024 | +94.0% |
| Recurring financial income | 75 | €9,603 | €18,627 | +€9,024 | +94.0% |
| Financial charges | 65/66B | €31,717 | €34,818 | +€3,101 | +9.8% |
| Recurring financial charges | 65 | €31,717 | €34,818 | +€3,101 | +9.8% |
| Profit (loss) for the period before taxes | 9903 | €464,154 | €572,830 | +€108,676 | +23.4% |
| Income taxes | 67/77 | €118,902 | €149,362 | +€30,460 | +25.6% |
| Profit (loss) for the period | 9904 | €345,251 | €423,468 | +€78,216 | +22.7% |
| Profit (loss) for the period to be appropriated | 9905 | €345,251 | €423,468 | +€78,216 | +22.7% |
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.