ISODAL: 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.
What changed
ISODAL
NACE 23.610, Manufacture of other non-metallic mineral products
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€548,309
2024 · €574,985-€26,677
Equity
€5.1m
2024 · €4.9m+€148,309
Cash
€1.2m
2024 · €245,737+€952,343
Balance sheet total
€6.5m
2024 · €7.0m-€421,111
Largest movements
Assets
- Tangible fixed assets -€1.2m
down €1.2m (-24.9%), from €5.0m to €3.8m
of which Land and buildings: -€917,053
- Cash +€952,343
up €952,343 (+387.5%), from €245,737 to €1.2m
mainly Investment in fixed assets (net) (+€746,669) and Net result for the year (+€548,309)
- Receivables within one year -€180,892
down €180,892 (-16.8%), from €1.1m to €897,011
of which Other amounts receivable: -€298,265
- Stocks and contracts +€81,915
up €81,915 (+14.9%), from €548,166 to €630,082
Equity and liabilities
- Debts after one year -€637,345
down €637,345 (-68.7%), from €928,120 to €290,775
- Other debts +€200,000
up €200,000 (+100.0%), from €200,000 to €400,000
- Profit (loss) carried forward +€148,309
up €148,309 (+3.4%), from €4.4m to €4.6m
- Short-term financial debts -€89,441
no longer reported in 2025 (was €89,441)
- Current portion of long-term debt -€84,481
down €84,481 (-26.8%), from €315,383 to €230,902
Income statement
- Gross operating margin -€95,147
down €95,147 (-3.6%), from €2.6m to €2.5m
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
€574,985
Gross operating margin
-€95,147
Staff costs
+€13,788
Depreciation
+€13,837
Write-downs
+€9,490
Other operating charges
+€299
Other operating items
+€17,488
Financial income
-€5,380
Financial charges
+€14,091
Taxes
+€4,857
Result 2025
€548,309
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
+€1.4m
Investment
+€746,669
Financing
-€1.2m
Cash 2024
€245,737
From operations (derived)
+€1.4m
Net result for the year
+€548,309
Depreciation
+€500,586
Stocks and contracts
-€81,915
Receivables within one year
+€180,892
Deferred charges and accrued income
+€27,222
Trade debts
+€55,751
Tax, wage and social debts
-€26,890
Other debts
+€200,000
Accrued charges and deferred income
+€12,987
Investment (derived)
+€746,669
Investment in fixed assets (net)
+€746,669
Financing
-€1.2m
Debts after one year
-€637,345
Current portion of long-term debt
-€84,481
Short-term financial debts
-€89,441
Contributions, distributions and other
-€400,000
Cash 2025
€1.2m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,958,809 | €6,537,699 | -€421,111 | -6.1% |
| Fixed assets | 21/28 | €5,001,542 | €3,754,286 | -€1.2m | -24.9% |
| Tangible fixed assets | 22/27 | €5,001,272 | €3,753,608 | -€1.2m | -24.9% |
| Land and buildings | 22 | €2,182,619 | €1,265,566 | -€917,053 | -42.0% |
| Plant, machinery and equipment | 23 | €2,356,899 | €2,102,731 | -€254,168 | -10.8% |
| Furniture and vehicles | 24 | €326,401 | €278,000 | -€48,402 | -14.8% |
| Leasing and similar rights | 25 | €135,353 | €107,312 | -€28,040 | -20.7% |
| Financial fixed assets | 28 | €270 | €678 | +€408 | +151.1% |
| Current assets | 29/58 | €1,957,268 | €2,783,413 | +€826,145 | +42.2% |
| Stocks and contracts in progress | 3 | €548,166 | €630,082 | +€81,915 | +14.9% |
| Stocks | 30/36 | €548,166 | €630,082 | +€81,915 | +14.9% |
| Amounts receivable within one year | 40/41 | €1,077,903 | €897,011 | -€180,892 | -16.8% |
| Trade receivables | 40 | €577,745 | €695,119 | +€117,373 | +20.3% |
| Other amounts receivable | 41 | €500,158 | €201,893 | -€298,265 | -59.6% |
| Cash at bank and in hand | 54/58 | €245,737 | €1,198,080 | +€952,343 | +387.5% |
| Deferred charges and accrued income | 490/1 | €85,462 | €58,240 | -€27,222 | -31.9% |
| Total equity and liabilities | 10/49 | €6,958,809 | €6,537,699 | -€421,111 | -6.1% |
| Equity | 10/15 | €4,943,866 | €5,092,174 | +€148,309 | +3.0% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | €510,599 | €510,599 | = | 0.0% |
| Tax-exempt reserves | 132 | €210,500 | €84,200 | -€126,300 | -60.0% |
| Distributable reserves | 133 | €300,099 | €426,399 | +€126,300 | +42.1% |
| Profit (loss) carried forward | 14 | €4,414,267 | €4,562,575 | +€148,309 | +3.4% |
| Amounts payable | 17/49 | €2,014,944 | €1,445,525 | -€569,419 | -28.3% |
| Amounts payable after more than one year | 17 | €928,120 | €290,775 | -€637,345 | -68.7% |
| Financial debts | 170/4 | €928,120 | €290,775 | -€637,345 | -68.7% |
| Amounts payable within one year | 42/48 | €1,065,264 | €1,120,203 | +€54,939 | +5.2% |
| Current portion of amounts payable after more than one year | 42 | €315,383 | €230,902 | -€84,481 | -26.8% |
| Financial debts | 43 | €89,441 | - | -€89,441 | |
| Other loans | 439 | €89,441 | - | -€89,441 | |
| Trade debts | 44 | €290,852 | €346,603 | +€55,751 | +19.2% |
| Suppliers | 440/4 | €290,852 | €346,603 | +€55,751 | +19.2% |
| Taxes, remuneration and social security | 45 | €169,588 | €142,698 | -€26,890 | -15.9% |
| Taxes | 450/3 | €71,822 | €60,961 | -€10,861 | -15.1% |
| Remuneration and social security | 454/9 | €97,766 | €81,737 | -€16,029 | -16.4% |
| Other amounts payable | 47/48 | €200,000 | €400,000 | +€200,000 | +100.0% |
| Accrued charges and deferred income | 492/3 | €21,559 | €34,546 | +€12,987 | +60.2% |
| Non-recurring operating income | 76A | €13,433 | - | -€13,433 | |
| Remuneration, social security and pensions | 62 | €1,243,750 | €1,229,962 | -€13,788 | -1.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €514,423 | €500,586 | -€13,837 | -2.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €9,490 | - | -€9,490 | |
| Other operating charges | 640/8 | €17,770 | €17,470 | -€299 | -1.7% |
| Non-recurring operating charges | 66A | €21,089 | €3,601 | -€17,488 | -82.9% |
| Gross operating margin | 9900 | €2,609,379 | €2,514,232 | -€95,147 | -3.6% |
| Operating profit (loss) | 9901 | €802,857 | €762,613 | -€40,245 | -5.0% |
| Financial income | 75/76B | €29,724 | €24,343 | -€5,380 | -18.1% |
| Recurring financial income | 75 | €29,724 | €24,343 | -€5,380 | -18.1% |
| Financial charges | 65/66B | €64,929 | €50,838 | -€14,091 | -21.7% |
| Recurring financial charges | 65 | €64,929 | €50,838 | -€14,091 | -21.7% |
| Profit (loss) for the period before taxes | 9903 | €767,652 | €736,118 | -€31,534 | -4.1% |
| Income taxes | 67/77 | €192,666 | €187,809 | -€4,857 | -2.5% |
| Profit (loss) for the period | 9904 | €574,985 | €548,309 | -€26,677 | -4.6% |
| Transfer from tax-exempt reserves | 789 | - | €126,300 | +€126,300 | |
| Profit (loss) for the period to be appropriated | 9905 | €574,985 | €674,609 | +€99,623 | +17.3% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.