ISOCAR: 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.
ISOCAR
Largest movements
- Receivables within one year +€154,589
up €154,589 (+257.0%), from €60,155 to €214,744
of which Trade receivables: +€147,855
- Stocks and contracts +€76,614
up €76,614 (+41.7%), from €183,529 to €260,144
- Tangible fixed assets +€47,321
up €47,321 (+427.0%), from €11,083 to €58,404
of which Plant, machinery and equipment: +€50,321
- Cash +€43,439
up €43,439 (+354.7%), from €12,248 to €55,687
mainly Trade debts (+€115,748) and Other debts (+€105,865)
- Deferred charges and accrued income +€8,224
up €8,224 (+1086.3%), from €757 to €8,981
- Trade debts +€115,748
up €115,748 (+195.4%), from €59,241 to €174,989
- Other debts +€105,865
up €105,865 (+407.6%), from €25,970 to €131,835
- Profit (loss) carried forward +€46,075
up €46,075, from -€45,429 to €646
- Tax, wage and social debts +€38,190
up €38,190 (+128.6%), from €29,698 to €67,887
of which Taxes: +€22,578
- Debts after one year +€25,000
up €25,000 (+13.4%), from €187,000 to €212,000
- Gross operating margin +€224,688
up €224,688 (+465.0%), from €48,316 to €273,003
- Staff costs +€139,594
up €139,594 (+203.8%), from €68,494 to €208,088
- Depreciation +€7,350
up €7,350 (+102.8%), from €7,148 to €14,498
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 | €267,773 | €597,959 | +€330,187 | +123.3% |
| Fixed assets | 21/28 | €11,083 | €58,404 | +€47,321 | +427.0% |
| Tangible fixed assets | 22/27 | €11,083 | €58,404 | +€47,321 | +427.0% |
| Plant, machinery and equipment | 23 | €7,583 | €57,904 | +€50,321 | +663.6% |
| Furniture and vehicles | 24 | €3,500 | €500 | -€3,000 | -85.7% |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Current assets | 29/58 | €256,689 | €539,555 | +€282,866 | +110.2% |
| Stocks and contracts in progress | 3 | €183,529 | €260,144 | +€76,614 | +41.7% |
| Stocks | 30/36 | €183,529 | €260,144 | +€76,614 | +41.7% |
| Amounts receivable within one year | 40/41 | €60,155 | €214,744 | +€154,589 | +257.0% |
| Trade receivables | 40 | €54,499 | €202,353 | +€147,855 | +271.3% |
| Other amounts receivable | 41 | €5,656 | €12,390 | +€6,734 | +119.0% |
| Cash at bank and in hand | 54/58 | €12,248 | €55,687 | +€43,439 | +354.7% |
| Deferred charges and accrued income | 490/1 | €757 | €8,981 | +€8,224 | +1086.3% |
| Total equity and liabilities | 10/49 | €267,773 | €597,959 | +€330,187 | +123.3% |
| Equity | 10/15 | -€34,828 | €11,248 | +€46,075 | |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €5,602 | €5,602 | = | 0.0% |
| Distributable reserves | 133 | €5,602 | €5,602 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€45,429 | €646 | +€46,075 | |
| Amounts payable | 17/49 | €302,600 | €586,712 | +€284,111 | +93.9% |
| Amounts payable after more than one year | 17 | €187,000 | €212,000 | +€25,000 | +13.4% |
| Financial debts | 170/4 | €187,000 | €212,000 | +€25,000 | +13.4% |
| Amounts payable within one year | 42/48 | €114,909 | €374,712 | +€259,803 | +226.1% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €59,241 | €174,989 | +€115,748 | +195.4% |
| Suppliers | 440/4 | €59,241 | €174,989 | +€115,748 | +195.4% |
| Taxes, remuneration and social security | 45 | €29,698 | €67,887 | +€38,190 | +128.6% |
| Taxes | 450/3 | €21,324 | €43,902 | +€22,578 | +105.9% |
| Remuneration and social security | 454/9 | €8,374 | €23,985 | +€15,611 | +186.4% |
| Other amounts payable | 47/48 | €25,970 | €131,835 | +€105,865 | +407.6% |
| Accrued charges and deferred income | 492/3 | €692 | €0 | -€692 | -100.0% |
| Remuneration, social security and pensions | 62 | €68,494 | €208,088 | +€139,594 | +203.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,148 | €14,498 | +€7,350 | +102.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €988 | €3,232 | +€2,244 | +227.1% |
| Non-recurring operating charges | 66A | €16,493 | €0 | -€16,493 | -100.0% |
| Gross operating margin | 9900 | €48,316 | €273,003 | +€224,688 | +465.0% |
| Operating profit (loss) | 9901 | -€44,808 | €47,185 | +€91,992 | |
| Financial income | 75/76B | €105 | €0 | -€105 | -100.0% |
| Recurring financial income | 75 | €105 | €0 | -€105 | -100.0% |
| Financial charges | 65/66B | €726 | €1,109 | +€383 | +52.8% |
| Recurring financial charges | 65 | €726 | €1,109 | +€383 | +52.8% |
| Profit (loss) for the period before taxes | 9903 | -€45,429 | €46,075 | +€91,505 | |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€45,429 | €46,075 | +€91,505 | |
| Profit (loss) for the period to be appropriated | 9905 | -€45,429 | €46,075 | +€91,505 |
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 7 October 2026 via checked.be.