ISOBEL CONSTRUCT: 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.
ISOBEL CONSTRUCT
Largest movements
- Receivables within one year +€15,836
up €15,836 (+14.8%), from €107,308 to €123,144
of which Other amounts receivable: +€9,788
- Cash +€1,444
up €1,444 (+11,876%), from €12 to €1,456
mainly Net result for the year (+€22,666) and Tax, wage and social debts (+€4,231)
- Profit (loss) carried forward +€22,666
up €22,666 (+38.9%), from €58,273 to €80,938
- Short-term financial debts -€5,902
no longer reported in 2025 (was €5,902)
- Trade debts -€4,433
down €4,433 (-17.2%), from €25,739 to €21,306
- Tax, wage and social debts +€4,231
up €4,231 (+109%), from €3,873 to €8,103
- Current portion of long-term debt +€2,523
new in 2025: €2,523
- Gross operating margin +€39,707
up €39,707, from -€1,276 to €38,431
- Taxes +€6,595
up €6,595 (+93.6%), from €7,043 to €13,639
- Other operating charges +€2,226
up €2,226 (+174%), from €1,279 to €3,505
- Depreciation -€904
down €904 (-82.2%), from €1,100 to €196
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 | €107,516 | €124,600 | +€17,084 | +15.9% |
| Fixed assets | 21/28 | €196 | - | -€196 | |
| Tangible fixed assets | 22/27 | €196 | - | -€196 | |
| Furniture and vehicles | 24 | €196 | - | -€196 | |
| Current assets | 29/58 | €107,320 | €124,600 | +€17,280 | +16.1% |
| Amounts receivable within one year | 40/41 | €107,308 | €123,144 | +€15,836 | +14.8% |
| Trade receivables | 40 | €60,031 | €66,079 | +€6,048 | +10.1% |
| Other amounts receivable | 41 | €47,277 | €57,065 | +€9,788 | +20.7% |
| Cash at bank and in hand | 54/58 | €12 | €1,456 | +€1,444 | +11,876% |
| Total equity and liabilities | 10/49 | €107,516 | €124,600 | +€17,084 | +15.9% |
| Equity | 10/15 | €70,003 | €92,669 | +€22,666 | +32.4% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €11,630 | €11,630 | = | 0.0% |
| Non-distributable reserves | 130/1 | €11,630 | €11,630 | = | 0.0% |
| Reserves not available under the articles | 1311 | €11,630 | €11,630 | = | 0.0% |
| Profit (loss) carried forward | 14 | €58,273 | €80,938 | +€22,666 | +38.9% |
| Amounts payable | 17/49 | €37,513 | €31,932 | -€5,582 | -14.9% |
| Amounts payable within one year | 42/48 | €37,513 | €31,932 | -€5,582 | -14.9% |
| Current portion of amounts payable after more than one year | 42 | - | €2,523 | +€2,523 | |
| Financial debts | 43 | €5,902 | - | -€5,902 | |
| Credit institutions | 430/8 | €5,902 | - | -€5,902 | |
| Trade debts | 44 | €25,739 | €21,306 | -€4,433 | -17.2% |
| Suppliers | 440/4 | €25,739 | €21,306 | -€4,433 | -17.2% |
| Advances received on contracts in progress | 46 | €2,000 | - | -€2,000 | |
| Taxes, remuneration and social security | 45 | €3,873 | €8,103 | +€4,231 | +109% |
| Taxes | 450/3 | €3,873 | €8,103 | +€4,231 | +109% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,100 | €196 | -€904 | -82.2% |
| Other operating charges | 640/8 | €1,279 | €3,505 | +€2,226 | +174% |
| Gross operating margin | 9900 | -€1,276 | €38,431 | +€39,707 | |
| Operating profit (loss) | 9901 | -€3,655 | €34,730 | +€38,385 | |
| Financial income | 75/76B | €2,539 | €2,681 | +€142 | +5.6% |
| Recurring financial income | 75 | €2,539 | €2,681 | +€142 | +5.6% |
| Financial charges | 65/66B | €1,486 | €1,106 | -€379 | -25.5% |
| Recurring financial charges | 65 | €1,486 | €1,106 | -€379 | -25.5% |
| Profit (loss) for the period before taxes | 9903 | -€2,601 | €36,304 | +€38,905 | |
| Income taxes | 67/77 | €7,043 | €13,639 | +€6,595 | +93.6% |
| Profit (loss) for the period | 9904 | -€9,644 | €22,666 | +€32,310 | |
| Profit (loss) for the period to be appropriated | 9905 | -€9,644 | €22,666 | +€32,310 |
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 27 October 2026 via checked.be.