ISOCOVER: 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.
ISOCOVER
Largest movements
- Receivables within one year +€56,030
up €56,030 (+24.9%), from €224,748 to €280,779
of which Other amounts receivable: +€62,535
- Cash +€20,769
up €20,769 (+81.8%), from €25,383 to €46,152
mainly Net result for the year (+€63,330) and Depreciation (+€16,860)
- Tangible fixed assets -€16,531
down €16,531 (-64.2%), from €25,741 to €9,210
of which Furniture and vehicles: -€16,500
- Reserves +€63,330
up €63,330 (+25.5%), from €248,069 to €311,399
- Tax, wage and social debts +€11,465
up €11,465 (+274.3%), from €4,180 to €15,645
- Trade debts -€9,090
down €9,090 (-72.2%), from €12,590 to €3,501
- Advances received -€6,171
no longer reported in 2025 (was €6,171)
- Gross operating margin +€25,569
up €25,569 (+33.7%), from €75,814 to €101,382
- Taxes +€9,415
up €9,415 (+40.1%), from €23,480 to €32,895
- Financial income +€1,984
up €1,984 (+17.3%), from €11,454 to €13,438
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 | €277,410 | €336,944 | +€59,534 | +21.5% |
| Fixed assets | 21/28 | €25,741 | €9,210 | -€16,531 | -64.2% |
| Tangible fixed assets | 22/27 | €25,741 | €9,210 | -€16,531 | -64.2% |
| Plant, machinery and equipment | 23 | €600 | €570 | -€31 | -5.1% |
| Furniture and vehicles | 24 | €25,141 | €8,641 | -€16,500 | -65.6% |
| Current assets | 29/58 | €251,669 | €327,734 | +€76,065 | +30.2% |
| Amounts receivable within one year | 40/41 | €224,748 | €280,779 | +€56,030 | +24.9% |
| Trade receivables | 40 | €8,017 | €1,513 | -€6,505 | -81.1% |
| Other amounts receivable | 41 | €216,731 | €279,266 | +€62,535 | +28.9% |
| Cash at bank and in hand | 54/58 | €25,383 | €46,152 | +€20,769 | +81.8% |
| Deferred charges and accrued income | 490/1 | €1,538 | €803 | -€735 | -47.8% |
| Total equity and liabilities | 10/49 | €277,410 | €336,944 | +€59,534 | +21.5% |
| Equity | 10/15 | €254,469 | €317,799 | +€63,330 | +24.9% |
| Contributions | 10/11 | €6,400 | €6,400 | = | 0.0% |
| Reserves | 13 | €248,069 | €311,399 | +€63,330 | +25.5% |
| Distributable reserves | 133 | €248,069 | €311,399 | +€63,330 | +25.5% |
| Amounts payable | 17/49 | €22,942 | €19,146 | -€3,796 | -16.5% |
| Amounts payable within one year | 42/48 | €22,942 | €19,146 | -€3,796 | -16.5% |
| Trade debts | 44 | €12,590 | €3,501 | -€9,090 | -72.2% |
| Suppliers | 440/4 | €12,590 | €3,501 | -€9,090 | -72.2% |
| Advances received on contracts in progress | 46 | €6,171 | - | -€6,171 | |
| Taxes, remuneration and social security | 45 | €4,180 | €15,645 | +€11,465 | +274.3% |
| Taxes | 450/3 | €4,180 | €15,645 | +€11,465 | +274.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,541 | €16,860 | -€681 | -3.9% |
| Other operating charges | 640/8 | €1,363 | €1,460 | +€97 | +7.1% |
| Gross operating margin | 9900 | €75,814 | €101,382 | +€25,569 | +33.7% |
| Operating profit (loss) | 9901 | €56,910 | €83,062 | +€26,153 | +46.0% |
| Financial income | 75/76B | €11,454 | €13,438 | +€1,984 | +17.3% |
| Recurring financial income | 75 | €11,454 | €13,438 | +€1,984 | +17.3% |
| Financial charges | 65/66B | €178 | €276 | +€98 | +54.7% |
| Recurring financial charges | 65 | €178 | €276 | +€98 | +54.7% |
| Profit (loss) for the period before taxes | 9903 | €68,185 | €96,225 | +€28,039 | +41.1% |
| Income taxes | 67/77 | €23,480 | €32,895 | +€9,415 | +40.1% |
| Profit (loss) for the period | 9904 | €44,705 | €63,330 | +€18,625 | +41.7% |
| Profit (loss) for the period to be appropriated | 9905 | €44,705 | €63,330 | +€18,625 | +41.7% |
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 9 October 2026 via checked.be.