ISOART: what changed
Two fiscal 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.
ISOART
Largest movements
- Receivables within one year +€177,103
up €177,103 (+160.2%), from €110,564 to €287,667
of which Other amounts receivable: +€143,945
- Cash +€67,335
up €67,335 (+47.9%), from €140,695 to €208,030
mainly Net result for the year (+€202,476) and Advances received (+€55,966)
- Tangible fixed assets -€27,562
down €27,562 (-26.4%), from €104,594 to €77,032
of which Plant, machinery and equipment: -€29,280
- Stocks and contracts +€14,798
up €14,798 (+184.9%), from €8,002 to €22,800
- Intangible fixed assets -€8,360
down €8,360 (-11.7%), from €71,311 to €62,951
- Reserves +€202,476
up €202,476 (+100.1%), from €202,373 to €404,849
- Debts after one year -€70,036
down €70,036 (-45.9%), from €152,750 to €82,713
- Advances received +€55,966
new in 2025: €55,966
- Tax, wage and social debts +€27,406
up €27,406 (+66.7%), from €41,076 to €68,482
- Trade debts +€14,173
up €14,173 (+115.6%), from €12,261 to €26,434
- Gross operating margin -€23,123
down €23,123 (-6.8%), from €340,142 to €317,019
- Depreciation -€22,918
down €22,918 (-37.6%), from €60,955 to €38,037
- Financial charges -€7,764
down €7,764 (-49.4%), from €15,719 to €7,954
- Taxes +€7,406
up €7,406 (+12.1%), from €61,076 to €68,482
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.
Cash bridge derived
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 | €435,167 | €658,480 | +€223,313 | +51.3% |
| Fixed assets | 21/28 | €175,905 | €139,983 | -€35,922 | -20.4% |
| Intangible fixed assets | 21 | €71,311 | €62,951 | -€8,360 | -11.7% |
| Tangible fixed assets | 22/27 | €104,594 | €77,032 | -€27,562 | -26.4% |
| Plant, machinery and equipment | 23 | €103,360 | €74,080 | -€29,280 | -28.3% |
| Furniture and vehicles | 24 | €1,234 | €2,952 | +€1,718 | +139.3% |
| Current assets | 29/58 | €259,262 | €518,497 | +€259,235 | +100.0% |
| Stocks and contracts in progress | 3 | €8,002 | €22,800 | +€14,798 | +184.9% |
| Stocks | 30/36 | €8,002 | €22,800 | +€14,798 | +184.9% |
| Amounts receivable within one year | 40/41 | €110,564 | €287,667 | +€177,103 | +160.2% |
| Trade receivables | 40 | €106,399 | €139,556 | +€33,158 | +31.2% |
| Other amounts receivable | 41 | €4,165 | €148,111 | +€143,945 | +3455.7% |
| Cash at bank and in hand | 54/58 | €140,695 | €208,030 | +€67,335 | +47.9% |
| Total equity and liabilities | 10/49 | €435,167 | €658,480 | +€223,313 | +51.3% |
| Equity | 10/15 | €202,373 | €404,849 | +€202,476 | +100.1% |
| Reserves | 13 | €202,373 | €404,849 | +€202,476 | +100.1% |
| Distributable reserves | 133 | €202,373 | €404,849 | +€202,476 | +100.1% |
| Amounts payable | 17/49 | €232,793 | €253,631 | +€20,838 | +9.0% |
| Amounts payable after more than one year | 17 | €152,750 | €82,713 | -€70,036 | -45.9% |
| Financial debts | 170/4 | €152,750 | €82,713 | -€70,036 | -45.9% |
| Amounts payable within one year | 42/48 | €72,586 | €170,918 | +€98,332 | +135.5% |
| Current portion of amounts payable after more than one year | 42 | €19,249 | €20,036 | +€787 | +4.1% |
| Trade debts | 44 | €12,261 | €26,434 | +€14,173 | +115.6% |
| Suppliers | 440/4 | €12,261 | €26,434 | +€14,173 | +115.6% |
| Advances received on contracts in progress | 46 | - | €55,966 | +€55,966 | |
| Taxes, remuneration and social security | 45 | €41,076 | €68,482 | +€27,406 | +66.7% |
| Taxes | 450/3 | €41,076 | €68,482 | +€27,406 | +66.7% |
| Accrued charges and deferred income | 492/3 | €7,458 | €0 | -€7,458 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €60,955 | €38,037 | -€22,918 | -37.6% |
| Other operating charges | 640/8 | €126 | €128 | +€2 | +1.6% |
| Gross operating margin | 9900 | €340,142 | €317,019 | -€23,123 | -6.8% |
| Operating profit (loss) | 9901 | €279,061 | €278,854 | -€207 | -0.1% |
| Financial income | 75/76B | €107 | €58 | -€49 | -46.1% |
| Recurring financial income | 75 | €107 | €58 | -€49 | -46.1% |
| Financial charges | 65/66B | €15,719 | €7,954 | -€7,764 | -49.4% |
| Recurring financial charges | 65 | €15,719 | €7,954 | -€7,764 | -49.4% |
| Profit (loss) for the period before taxes | 9903 | €263,449 | €270,957 | +€7,508 | +2.8% |
| Income taxes | 67/77 | €61,076 | €68,482 | +€7,406 | +12.1% |
| Profit (loss) for the period | 9904 | €202,373 | €202,476 | +€102 | +0.1% |
| Profit (loss) for the period to be appropriated | 9905 | €202,373 | €202,476 | +€102 | +0.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.