ISO-THERM: 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-THERM
Largest movements
- Receivables within one year -€101,477
down €101,477 (-44.8%), from €226,368 to €124,892
of which Trade receivables: -€93,181
- Cash +€86,538
up €86,538 (+69.4%), from €124,630 to €211,168
mainly Other debts (+€551,335) and Net result for the year (+€104,451)
- Tangible fixed assets -€37,510
down €37,510 (-6.5%), from €577,317 to €539,808
of which Land and buildings: -€24,976
- Stocks and contracts +€33,532
up €33,532 (+26.2%), from €128,021 to €161,553
of which Contracts in progress: +€35,152
- Other debts +€551,335
up €551,335 (+22,362%), from €2,466 to €553,800
- Profit (loss) carried forward -€545,549
down €545,549 (-99.5%), from €548,078 to €2,529
- Debts after one year -€21,499
down €21,499 (-5.9%), from €365,554 to €344,055
- Staff costs +€89,889
up €89,889 (+35.1%), from €256,144 to €346,033
- Gross operating margin +€68,918
up €68,918 (+15.2%), from €454,838 to €523,756
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 | €1,067,509 | €1,056,717 | -€10,792 | -1.0% |
| Fixed assets | 21/28 | €577,317 | €539,808 | -€37,510 | -6.5% |
| Tangible fixed assets | 22/27 | €577,317 | €539,808 | -€37,510 | -6.5% |
| Land and buildings | 22 | €499,837 | €474,861 | -€24,976 | -5.0% |
| Plant, machinery and equipment | 23 | €4,279 | €3,776 | -€504 | -11.8% |
| Furniture and vehicles | 24 | €73,201 | €61,171 | -€12,030 | -16.4% |
| Current assets | 29/58 | €490,192 | €516,910 | +€26,717 | +5.5% |
| Stocks and contracts in progress | 3 | €128,021 | €161,553 | +€33,532 | +26.2% |
| Stocks | 30/36 | €106,021 | €104,400 | -€1,620 | -1.5% |
| Contracts in progress | 37 | €22,000 | €57,152 | +€35,152 | +160% |
| Amounts receivable within one year | 40/41 | €226,368 | €124,892 | -€101,477 | -44.8% |
| Trade receivables | 40 | €204,681 | €111,500 | -€93,181 | -45.5% |
| Other amounts receivable | 41 | €21,687 | €13,391 | -€8,296 | -38.3% |
| Cash at bank and in hand | 54/58 | €124,630 | €211,168 | +€86,538 | +69.4% |
| Deferred charges and accrued income | 490/1 | €11,174 | €19,297 | +€8,123 | +72.7% |
| Total equity and liabilities | 10/49 | €1,067,509 | €1,056,717 | -€10,792 | -1.0% |
| Equity | 10/15 | €591,267 | €44,789 | -€546,477 | -92.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €548,078 | €2,529 | -€545,549 | -99.5% |
| Investment grants | 15 | €24,589 | €23,660 | -€928 | -3.8% |
| Amounts payable | 17/49 | €476,243 | €1,011,928 | +€535,685 | +112% |
| Amounts payable after more than one year | 17 | €365,554 | €344,055 | -€21,499 | -5.9% |
| Financial debts | 170/4 | €365,554 | €344,055 | -€21,499 | -5.9% |
| Amounts payable within one year | 42/48 | €110,428 | €667,601 | +€557,174 | +505% |
| Current portion of amounts payable after more than one year | 42 | €22,183 | €21,499 | -€684 | -3.1% |
| Trade debts | 44 | €63,727 | €65,967 | +€2,240 | +3.5% |
| Suppliers | 440/4 | €63,727 | €65,967 | +€2,240 | +3.5% |
| Taxes, remuneration and social security | 45 | €22,052 | €26,335 | +€4,283 | +19.4% |
| Taxes | 450/3 | €1,963 | €2,746 | +€783 | +39.9% |
| Remuneration and social security | 454/9 | €20,090 | €23,589 | +€3,500 | +17.4% |
| Other amounts payable | 47/48 | €2,466 | €553,800 | +€551,335 | +22,362% |
| Accrued charges and deferred income | 492/3 | €261 | €271 | +€10 | +3.9% |
| Remuneration, social security and pensions | 62 | €256,144 | €346,033 | +€89,889 | +35.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €53,514 | €49,571 | -€3,943 | -7.4% |
| Other operating charges | 640/8 | €2,086 | €2,450 | +€365 | +17.5% |
| Gross operating margin | 9900 | €454,838 | €523,756 | +€68,918 | +15.2% |
| Operating profit (loss) | 9901 | €143,095 | €125,701 | -€17,393 | -12.2% |
| Financial income | 75/76B | €3,922 | €3,913 | -€9 | -0.2% |
| Recurring financial income | 75 | €3,922 | €3,913 | -€9 | -0.2% |
| Financial charges | 65/66B | €5,554 | €5,176 | -€377 | -6.8% |
| Recurring financial charges | 65 | €5,554 | €5,176 | -€377 | -6.8% |
| Profit (loss) for the period before taxes | 9903 | €141,463 | €124,438 | -€17,025 | -12.0% |
| Income taxes | 67/77 | €21,963 | €19,987 | -€1,976 | -9.0% |
| Profit (loss) for the period | 9904 | €119,500 | €104,451 | -€15,049 | -12.6% |
| Profit (loss) for the period to be appropriated | 9905 | €119,500 | €104,451 | -€15,049 | -12.6% |
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 29 October 2026 via checked.be.