ISOCELE: 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.
ISOCELE
Largest movements
- Cash +€451,523
up €451,523 (+1,282%), from €35,214 to €486,737
mainly Current investments (+€292,797) and Net result for the year (+€160,659)
- Current investments -€292,797
down €292,797 (-30.1%), from €973,425 to €680,628
- Tangible fixed assets -€17,028
down €17,028 (-5.2%), from €326,862 to €309,835
- Reserves +€160,659
up €160,659 (+12.7%), from €1.3m to €1.4m
- Debts after one year -€19,006
no longer reported in 2025 (was €19,006)
- Financial income +€87,697
up €87,697 (+1,309%), from €6,701 to €94,398
of which Non-recurring financial income: +€83,226
- Gross operating margin +€87,293
up €87,293 (+91.9%), from €95,037 to €182,330
- Taxes +€63,930
up €63,930 (+224%), from €28,531 to €92,461
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 | €1,380,719 | €1,527,049 | +€146,330 | +10.6% |
| Fixed assets | 21/28 | €327,375 | €315,747 | -€11,628 | -3.6% |
| Tangible fixed assets | 22/27 | €326,862 | €309,835 | -€17,028 | -5.2% |
| Other tangible fixed assets | 26 | €326,862 | €309,835 | -€17,028 | -5.2% |
| Financial fixed assets | 28 | €512 | €5,912 | +€5,400 | +1,054% |
| Current assets | 29/58 | €1,053,344 | €1,211,302 | +€157,958 | +15.0% |
| Amounts receivable within one year | 40/41 | €44,590 | €43,777 | -€813 | -1.8% |
| Trade receivables | 40 | €10,000 | - | -€10,000 | |
| Other amounts receivable | 41 | €34,590 | €43,777 | +€9,187 | +26.6% |
| Current investments | 50/53 | €973,425 | €680,628 | -€292,797 | -30.1% |
| Cash at bank and in hand | 54/58 | €35,214 | €486,737 | +€451,523 | +1,282% |
| Deferred charges and accrued income | 490/1 | €115 | €160 | +€45 | +39.3% |
| Total equity and liabilities | 10/49 | €1,380,719 | €1,527,049 | +€146,330 | +10.6% |
| Equity | 10/15 | €1,286,603 | €1,447,261 | +€160,659 | +12.5% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,268,011 | €1,428,669 | +€160,659 | +12.7% |
| Distributable reserves | 133 | €1,268,011 | €1,428,669 | +€160,659 | +12.7% |
| Amounts payable | 17/49 | €94,116 | €79,788 | -€14,328 | -15.2% |
| Amounts payable after more than one year | 17 | €19,006 | - | -€19,006 | |
| Financial debts | 170/4 | €19,006 | - | -€19,006 | |
| Amounts payable within one year | 42/48 | €75,110 | €79,788 | +€4,678 | +6.2% |
| Current portion of amounts payable after more than one year | 42 | €22,422 | €19,006 | -€3,415 | -15.2% |
| Trade debts | 44 | €12,221 | €11,391 | -€830 | -6.8% |
| Suppliers | 440/4 | €12,221 | €11,391 | -€830 | -6.8% |
| Taxes, remuneration and social security | 45 | €34,555 | €38,647 | +€4,093 | +11.8% |
| Taxes | 450/3 | €34,555 | €38,647 | +€4,093 | +11.8% |
| Other amounts payable | 47/48 | €5,912 | €10,743 | +€4,831 | +81.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,303 | €17,028 | -€275 | -1.6% |
| Other operating charges | 640/8 | €5,257 | €5,545 | +€288 | +5.5% |
| Gross operating margin | 9900 | €95,037 | €182,330 | +€87,293 | +91.9% |
| Operating profit (loss) | 9901 | €72,477 | €159,758 | +€87,280 | +120% |
| Financial income | 75/76B | €6,701 | €94,398 | +€87,697 | +1,309% |
| Recurring financial income | 75 | €6,701 | €11,172 | +€4,471 | +66.7% |
| Non-recurring financial income | 76B | - | €83,226 | +€83,226 | |
| Financial charges | 65/66B | €1,523 | €1,036 | -€486 | -31.9% |
| Recurring financial charges | 65 | €1,523 | €1,036 | -€486 | -31.9% |
| Profit (loss) for the period before taxes | 9903 | €77,656 | €253,120 | +€175,464 | +226% |
| Income taxes | 67/77 | €28,531 | €92,461 | +€63,930 | +224% |
| Profit (loss) for the period | 9904 | €49,124 | €160,659 | +€111,535 | +227% |
| Profit (loss) for the period to be appropriated | 9905 | €49,124 | €160,659 | +€111,535 | +227% |
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 19 October 2026 via checked.be.