Isoband: 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.
Isoband
Largest movements
- Receivables within one year -€52,737
down €52,737 (-12.3%), from €427,089 to €374,352
of which Trade receivables: -€45,380
- Stocks and contracts +€31,650
up €31,650 (+7.5%), from €423,225 to €454,875
- Tangible fixed assets -€31,504
down €31,504 (-18.9%), from €166,394 to €134,890
of which Furniture and vehicles: -€41,991
- Cash -€30,675
down €30,675 (-18.1%), from €169,347 to €138,672
mainly Tax, wage and social debts (-€90,416) and Contributions, distributions and other (-€50,773)
- Tax, wage and social debts -€90,416
down €90,416 (-50.5%), from €178,918 to €88,502
of which Remuneration and social security: -€74,987
- Reserves +€87,229
up €87,229 (+19.9%), from €437,518 to €524,747
- Debts after one year -€36,850
down €36,850 (-23.1%), from €159,221 to €122,372
- Trade debts -€24,810
down €24,810 (-9.8%), from €252,465 to €227,656
- Other debts -€16,466
down €16,466 (-24.1%), from €68,204 to €51,738
- Staff costs -€166,698
down €166,698 (-34.4%), from €485,020 to €318,322
- Gross operating margin -€83,819
down €83,819 (-12.4%), from €676,950 to €593,131
- Taxes +€23,330
up €23,330 (+51.7%), from €45,111 to €68,442
- Depreciation +€7,404
up €7,404 (+16.2%), from €45,577 to €52,981
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 | €1,190,583 | €1,111,553 | -€79,030 | -6.6% |
| Fixed assets | 21/28 | €167,538 | €136,035 | -€31,504 | -18.8% |
| Tangible fixed assets | 22/27 | €166,394 | €134,890 | -€31,504 | -18.9% |
| Land and buildings | 22 | €7,219 | €6,066 | -€1,153 | -16.0% |
| Plant, machinery and equipment | 23 | €30,167 | €41,807 | +€11,640 | +38.6% |
| Furniture and vehicles | 24 | €129,008 | €87,017 | -€41,991 | -32.5% |
| Financial fixed assets | 28 | €1,145 | €1,145 | = | 0.0% |
| Current assets | 29/58 | €1,023,044 | €975,518 | -€47,526 | -4.6% |
| Stocks and contracts in progress | 3 | €423,225 | €454,875 | +€31,650 | +7.5% |
| Stocks | 30/36 | €423,225 | €454,875 | +€31,650 | +7.5% |
| Amounts receivable within one year | 40/41 | €427,089 | €374,352 | -€52,737 | -12.3% |
| Trade receivables | 40 | €413,286 | €367,906 | -€45,380 | -11.0% |
| Other amounts receivable | 41 | €13,803 | €6,447 | -€7,356 | -53.3% |
| Cash at bank and in hand | 54/58 | €169,347 | €138,672 | -€30,675 | -18.1% |
| Deferred charges and accrued income | 490/1 | €3,383 | €7,619 | +€4,236 | +125% |
| Total equity and liabilities | 10/49 | €1,190,583 | €1,111,553 | -€79,030 | -6.6% |
| Equity | 10/15 | €456,110 | €543,339 | +€87,229 | +19.1% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €437,518 | €524,747 | +€87,229 | +19.9% |
| Distributable reserves | 133 | €437,518 | €524,747 | +€87,229 | +19.9% |
| Amounts payable | 17/49 | €734,473 | €568,214 | -€166,259 | -22.6% |
| Amounts payable after more than one year | 17 | €159,221 | €122,372 | -€36,850 | -23.1% |
| Financial debts | 170/4 | €159,221 | €122,372 | -€36,850 | -23.1% |
| Amounts payable within one year | 42/48 | €575,251 | €445,842 | -€129,409 | -22.5% |
| Current portion of amounts payable after more than one year | 42 | €46,336 | €47,116 | +€780 | +1.7% |
| Trade debts | 44 | €252,465 | €227,656 | -€24,810 | -9.8% |
| Suppliers | 440/4 | €252,465 | €227,656 | -€24,810 | -9.8% |
| Advances received on contracts in progress | 46 | €29,328 | €30,830 | +€1,502 | +5.1% |
| Taxes, remuneration and social security | 45 | €178,918 | €88,502 | -€90,416 | -50.5% |
| Taxes | 450/3 | €40,456 | €25,027 | -€15,429 | -38.1% |
| Remuneration and social security | 454/9 | €138,462 | €63,475 | -€74,987 | -54.2% |
| Other amounts payable | 47/48 | €68,204 | €51,738 | -€16,466 | -24.1% |
| Non-recurring operating income | 76A | €1,952 | €457 | -€1,496 | -76.6% |
| Remuneration, social security and pensions | 62 | €485,020 | €318,322 | -€166,698 | -34.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,577 | €52,981 | +€7,404 | +16.2% |
| Other operating charges | 640/8 | €2,465 | €7,903 | +€5,438 | +221% |
| Gross operating margin | 9900 | €676,950 | €593,131 | -€83,819 | -12.4% |
| Operating profit (loss) | 9901 | €143,889 | €213,925 | +€70,036 | +48.7% |
| Financial income | 75/76B | €20,214 | €21,835 | +€1,621 | +8.0% |
| Recurring financial income | 75 | €20,214 | €21,835 | +€1,621 | +8.0% |
| Financial charges | 65/66B | €29,037 | €29,316 | +€279 | +1.0% |
| Recurring financial charges | 65 | €29,037 | €29,316 | +€279 | +1.0% |
| Profit (loss) for the period before taxes | 9903 | €135,065 | €206,444 | +€71,379 | +52.8% |
| Income taxes | 67/77 | €45,111 | €68,442 | +€23,330 | +51.7% |
| Profit (loss) for the period | 9904 | €89,954 | €138,003 | +€48,049 | +53.4% |
| Profit (loss) for the period to be appropriated | 9905 | €89,954 | €138,003 | +€48,049 | +53.4% |
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 21 October 2026 via checked.be.