ISOCAB CONSTRUCT: 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.
What changed
ISOCAB CONSTRUCT
NACE 41.003, General construction of other non-residential buildings
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€450,496
2024 · €484,924-€34,428
Equity
€2.8m
2024 · €2.3m+€450,496
Cash
€1,686
2024 · €183,701-€182,015
Balance sheet total
€14.1m
2024 · €15.4m-€1.3m
Largest movements
Assets
- Receivables within one year -€2.0m
down €2.0m (-18.3%), from €11.0m to €9.0m
of which Trade receivables: -€3.3m
- Stocks and contracts +€988,135
up €988,135 (+31.8%), from €3.1m to €4.1m
of which Contracts in progress: +€1.1m
- Cash -€182,015
down €182,015 (-99.1%), from €183,701 to €1,686
mainly Trade debts (-€1.6m) and Stocks and contracts (-€988,135)
Equity and liabilities
- Trade debts -€1.6m
down €1.6m (-22.3%), from €7.3m to €5.7m
- Advances received -€772,567
down €772,567 (-17.6%), from €4.4m to €3.6m
- Other debts +€659,206
up €659,206 (+57.4%), from €1.1m to €1.8m
- Profit (loss) carried forward +€468,606
up €468,606 (+29.3%), from €1.6m to €2.1m
Income statement
- Turnover -€7.9m
down €7.9m (-22.7%), from €34.9m to €26.9m
- Goods and materials -€3.7m
down €3.7m (-17.9%), from €20.9m to €17.1m
of which Purchases: -€3.9m
- Services and other goods -€368,951
down €368,951 (-5.5%), from €6.7m to €6.4m
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.
Result 2024
€484,924
Turnover
-€7.9m
Other operating income
+€111,569
Goods and materials
+€3.7m
Services and other goods
+€368,951
Staff costs
-€232,664
Depreciation
+€281,420
Write-downs
-€55,040
Other operating charges
-€11,258
Other operating items
+€3.6m
Financial income
+€466
Financial charges
+€43,405
Taxes
+€281
Deferred taxes and other
-€2,713
Result 2025
€450,496
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.
From operations
+€61,012
Investment
-€134,520
Financing
-€108,507
Cash 2024
€183,701
From operations (derived)
+€61,012
Net result for the year
+€450,496
Depreciation
+€237,208
Stocks and contracts
-€988,135
Receivables within one year
+€2.0m
Deferred charges and accrued income
-€14,562
Provisions
-€6,037
Trade debts
-€1.6m
Tax, wage and social debts
+€45,679
Advances received
-€772,567
Other debts
+€659,206
Accrued charges and deferred income
+€62,795
Investment (derived)
-€134,520
Investment in fixed assets (net)
-€134,520
Financing
-€108,507
Current portion of long-term debt
-€108,507
Cash 2025
€1,686
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €15,424,262 | €14,128,985 | -€1.3m | -8.4% |
| Fixed assets | 21/28 | €1,088,773 | €986,085 | -€102,688 | -9.4% |
| Intangible fixed assets | 21 | €10,413 | €3,908 | -€6,505 | -62.5% |
| Tangible fixed assets | 22/27 | €428,360 | €332,177 | -€96,183 | -22.5% |
| Plant, machinery and equipment | 23 | €96,704 | €106,646 | +€9,942 | +10.3% |
| Furniture and vehicles | 24 | €213,606 | €221,573 | +€7,967 | +3.7% |
| Leasing and similar rights | 25 | €110,274 | €0 | -€110,274 | -100.0% |
| Other tangible fixed assets | 26 | €7,776 | €3,958 | -€3,818 | -49.1% |
| Financial fixed assets | 28 | €650,000 | €650,000 | = | 0.0% |
| Affiliated companies | 280/1 | €650,000 | €650,000 | = | 0.0% |
| Amounts receivable | 281 | €650,000 | €650,000 | = | 0.0% |
| Current assets | 29/58 | €14,335,489 | €13,142,900 | -€1.2m | -8.3% |
| Stocks and contracts in progress | 3 | €3,106,992 | €4,095,128 | +€988,135 | +31.8% |
| Stocks | 30/36 | €1,142,238 | €1,050,784 | -€91,454 | -8.0% |
| Raw materials and consumables | 30/31 | €1,142,238 | €1,050,784 | -€91,454 | -8.0% |
| Contracts in progress | 37 | €1,964,754 | €3,044,344 | +€1.1m | +54.9% |
| Amounts receivable within one year | 40/41 | €11,025,697 | €9,012,426 | -€2.0m | -18.3% |
| Trade receivables | 40 | €9,557,608 | €6,271,889 | -€3.3m | -34.4% |
| Other amounts receivable | 41 | €1,468,089 | €2,740,536 | +€1.3m | +86.7% |
| Cash at bank and in hand | 54/58 | €183,701 | €1,686 | -€182,015 | -99.1% |
| Deferred charges and accrued income | 490/1 | €19,099 | €33,661 | +€14,562 | +76.2% |
| Total equity and liabilities | 10/49 | €15,424,262 | €14,128,985 | -€1.3m | -8.4% |
| Equity | 10/15 | €2,304,957 | €2,755,453 | +€450,496 | +19.5% |
| Contributions | 10/11 | €300,000 | €300,000 | = | 0.0% |
| Reserves | 13 | €404,110 | €386,000 | -€18,110 | -4.5% |
| Tax-exempt reserves | 132 | €18,110 | €0 | -€18,110 | -100.0% |
| Distributable reserves | 133 | €386,000 | €386,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,600,847 | €2,069,453 | +€468,606 | +29.3% |
| Provisions and deferred taxes | 16 | €6,037 | €0 | -€6,037 | -100.0% |
| Deferred taxes | 168 | €6,037 | €0 | -€6,037 | -100.0% |
| Amounts payable | 17/49 | €13,113,269 | €11,373,532 | -€1.7m | -13.3% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Leasing and similar obligations | 172 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €13,113,269 | €11,310,737 | -€1.8m | -13.7% |
| Current portion of amounts payable after more than one year | 42 | €108,507 | €0 | -€108,507 | -100.0% |
| Trade debts | 44 | €7,285,957 | €5,659,615 | -€1.6m | -22.3% |
| Suppliers | 440/4 | €7,285,957 | €5,659,615 | -€1.6m | -22.3% |
| Advances received on contracts in progress | 46 | €4,398,648 | €3,626,081 | -€772,567 | -17.6% |
| Taxes, remuneration and social security | 45 | €171,899 | €217,579 | +€45,679 | +26.6% |
| Taxes | 450/3 | €3,635 | €2,493 | -€1,141 | -31.4% |
| Remuneration and social security | 454/9 | €168,265 | €215,086 | +€46,821 | +27.8% |
| Other amounts payable | 47/48 | €1,148,257 | €1,807,462 | +€659,206 | +57.4% |
| Accrued charges and deferred income | 492/3 | - | €62,795 | +€62,795 | |
| Operating income | 70/76A | €33,279,444 | €29,112,173 | -€4.2m | -12.5% |
| Turnover | 70 | €34,861,616 | €26,940,243 | -€7.9m | -22.7% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | -€1,868,749 | €1,852,159 | +€3.7m | |
| Other operating income | 74 | €208,201 | €319,770 | +€111,569 | +53.6% |
| Non-recurring operating income | 76A | €78,376 | €0 | -€78,376 | -100.0% |
| Operating charges | 60/66A | €32,685,958 | €28,594,553 | -€4.1m | -12.5% |
| Goods for resale, raw materials and consumables | 60 | €20,872,602 | €17,132,606 | -€3.7m | -17.9% |
| Purchases | 600/8 | €20,972,651 | €17,041,152 | -€3.9m | -18.7% |
| Change in stocks: decrease (increase) | 609 | -€100,049 | €91,454 | +€191,503 | |
| Services and other goods | 61 | €6,729,870 | €6,360,920 | -€368,951 | -5.5% |
| Remuneration, social security and pensions | 62 | €4,502,499 | €4,735,163 | +€232,664 | +5.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €518,628 | €237,208 | -€281,420 | -54.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €17,730 | €72,770 | +€55,040 | +310.4% |
| Other operating charges | 640/8 | €44,629 | €55,887 | +€11,258 | +25.2% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Operating profit (loss) | 9901 | €593,486 | €517,619 | -€75,867 | -12.8% |
| Financial income | 75/76B | €11,988 | €12,454 | +€466 | +3.9% |
| Recurring financial income | 75 | €11,988 | €12,454 | +€466 | +3.9% |
| Income from current assets | 751 | €3,250 | €3,250 | = | 0.0% |
| Other financial income | 752/9 | €8,738 | €9,204 | +€466 | +5.3% |
| Financial charges | 65/66B | €126,444 | €83,040 | -€43,405 | -34.3% |
| Recurring financial charges | 65 | €126,444 | €83,040 | -€43,405 | -34.3% |
| Debt charges | 650 | €56,022 | €46,658 | -€9,364 | -16.7% |
| Other financial charges | 652/9 | €70,423 | €36,381 | -€34,041 | -48.3% |
| Profit (loss) for the period before taxes | 9903 | €479,030 | €447,034 | -€31,996 | -6.7% |
| Transfer from deferred taxes | 780 | €8,750 | €6,037 | -€2,713 | -31.0% |
| Income taxes | 67/77 | €2,856 | €2,575 | -€281 | -9.9% |
| Taxes | 670/3 | €2,937 | €2,575 | -€362 | -12.3% |
| Tax adjustments and reversals of tax provisions | 77 | €81 | €0 | -€81 | -100.0% |
| Profit (loss) for the period | 9904 | €484,924 | €450,496 | -€34,428 | -7.1% |
| Transfer from tax-exempt reserves | 789 | €26,250 | €18,110 | -€8,140 | -31.0% |
| Profit (loss) for the period to be appropriated | 9905 | €511,174 | €468,606 | -€42,568 | -8.3% |
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 30 September 2026 via checked.be.