Isocons: 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.
Isocons
Largest movements
- Receivables within one year +€43,409
up €43,409 (+20.9%), from €207,726 to €251,135
of which Trade receivables: +€35,067
- Receivables after one year +€36,000
new in 2025: €36,000
- Tangible fixed assets -€19,968
down €19,968 (-17.8%), from €111,981 to €92,012
of which Furniture and vehicles: -€14,129
- Cash -€13,211
down €13,211 (-19.3%), from €68,475 to €55,265
mainly Receivables within one year (-€43,409) and Investment in fixed assets (net) (-€41,137)
- Debts after one year +€36,335
up €36,335 (+98.8%), from €36,777 to €73,113
- Profit (loss) carried forward +€26,704
up €26,704 (+11.2%), from €238,085 to €264,789
- Other debts -€25,000
down €25,000 (-100.0%), from €25,000 to €0
- Current portion of long-term debt +€8,970
up €8,970 (+35.2%), from €25,481 to €34,451
- Gross operating margin -€80,878
down €80,878 (-41.1%), from €196,942 to €116,064
- Staff costs -€43,645
no longer reported in 2025 (was €43,645)
- Taxes -€17,239
down €17,239 (-65.9%), from €26,173 to €8,934
- Depreciation +€14,149
up €14,149 (+30.1%), from €46,956 to €61,105
- Other operating charges +€8,236
up €8,236 (+158.9%), from €5,184 to €13,420
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 | €397,288 | €443,717 | +€46,429 | +11.7% |
| Fixed assets | 21/28 | €116,981 | €97,012 | -€19,968 | -17.1% |
| Tangible fixed assets | 22/27 | €111,981 | €92,012 | -€19,968 | -17.8% |
| Plant, machinery and equipment | 23 | €8,041 | €2,202 | -€5,839 | -72.6% |
| Furniture and vehicles | 24 | €103,939 | €89,810 | -€14,129 | -13.6% |
| Financial fixed assets | 28 | €5,000 | €5,000 | = | 0.0% |
| Current assets | 29/58 | €280,307 | €346,705 | +€66,398 | +23.7% |
| Amounts receivable after more than one year | 29 | - | €36,000 | +€36,000 | |
| Other amounts receivable | 291 | - | €36,000 | +€36,000 | |
| Amounts receivable within one year | 40/41 | €207,726 | €251,135 | +€43,409 | +20.9% |
| Trade receivables | 40 | €204,576 | €239,643 | +€35,067 | +17.1% |
| Other amounts receivable | 41 | €3,151 | €11,492 | +€8,342 | +264.8% |
| Cash at bank and in hand | 54/58 | €68,475 | €55,265 | -€13,211 | -19.3% |
| Deferred charges and accrued income | 490/1 | €4,106 | €4,305 | +€200 | +4.9% |
| Total equity and liabilities | 10/49 | €397,288 | €443,717 | +€46,429 | +11.7% |
| Equity | 10/15 | €240,085 | €266,789 | +€26,704 | +11.1% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €238,085 | €264,789 | +€26,704 | +11.2% |
| Amounts payable | 17/49 | €157,203 | €176,929 | +€19,725 | +12.5% |
| Amounts payable after more than one year | 17 | €36,777 | €73,113 | +€36,335 | +98.8% |
| Financial debts | 170/4 | €36,777 | €73,113 | +€36,335 | +98.8% |
| Amounts payable within one year | 42/48 | €120,426 | €103,816 | -€16,610 | -13.8% |
| Current portion of amounts payable after more than one year | 42 | €25,481 | €34,451 | +€8,970 | +35.2% |
| Trade debts | 44 | €16,795 | €19,690 | +€2,895 | +17.2% |
| Suppliers | 440/4 | €16,795 | €19,690 | +€2,895 | +17.2% |
| Taxes, remuneration and social security | 45 | €53,150 | €49,675 | -€3,475 | -6.5% |
| Taxes | 450/3 | €18,316 | €16,173 | -€2,143 | -11.7% |
| Remuneration and social security | 454/9 | €34,834 | €33,502 | -€1,332 | -3.8% |
| Other amounts payable | 47/48 | €25,000 | €0 | -€25,000 | -100.0% |
| Non-recurring operating income | 76A | €13,047 | €6,312 | -€6,735 | -51.6% |
| Remuneration, social security and pensions | 62 | €43,645 | - | -€43,645 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,956 | €61,105 | +€14,149 | +30.1% |
| Other operating charges | 640/8 | €5,184 | €13,420 | +€8,236 | +158.9% |
| Non-recurring operating charges | 66A | €4,410 | €2,886 | -€1,524 | -34.6% |
| Gross operating margin | 9900 | €196,942 | €116,064 | -€80,878 | -41.1% |
| Operating profit (loss) | 9901 | €96,747 | €38,653 | -€58,094 | -60.0% |
| Financial income | 75/76B | €0 | €1,527 | +€1,527 | |
| Recurring financial income | 75 | €0 | €1,527 | +€1,527 | |
| Financial charges | 65/66B | €3,113 | €4,542 | +€1,428 | +45.9% |
| Recurring financial charges | 65 | €3,113 | €4,542 | +€1,428 | +45.9% |
| Profit (loss) for the period before taxes | 9903 | €93,634 | €35,638 | -€57,996 | -61.9% |
| Income taxes | 67/77 | €26,173 | €8,934 | -€17,239 | -65.9% |
| Profit (loss) for the period | 9904 | €67,461 | €26,704 | -€40,757 | -60.4% |
| Profit (loss) for the period to be appropriated | 9905 | €67,461 | €26,704 | -€40,757 | -60.4% |
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 2 October 2026 via checked.be.