ISODELNA: 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.
ISODELNA
Largest movements
- Receivables within one year -€179,596
down €179,596 (-43.5%), from €413,171 to €233,575
of which Trade receivables: -€144,988
- Cash +€55,257
up €55,257 (+42.1%), from €131,099 to €186,357
mainly Receivables within one year (+€179,596) and Depreciation (+€27,060)
- Tangible fixed assets -€27,060
down €27,060 (-6.2%), from €434,203 to €407,144
of which Land and buildings: -€22,423
- Stocks and contracts +€21,582
up €21,582 (+27.8%), from €77,703 to €99,285
- Trade debts -€46,314
down €46,314 (-14.9%), from €311,641 to €265,327
- Profit (loss) carried forward -€34,850
down €34,850 (-14.4%), from -€242,163 to -€277,013
- Debts after one year -€14,171
down €14,171 (-5.9%), from €240,859 to €226,688
- Staff costs -€217,294
down €217,294 (-31.8%), from €683,261 to €465,967
- Gross operating margin +€27,366
up €27,366 (+6.1%), from €448,601 to €475,967
- Depreciation -€12,111
down €12,111 (-30.9%), from €39,170 to €27,060
- Other operating charges +€5,072
up €5,072 (+87.5%), from €5,799 to €10,870
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 | €1,181,208 | €1,065,461 | -€115,747 | -9.8% |
| Fixed assets | 21/28 | €558,281 | €536,992 | -€21,290 | -3.8% |
| Tangible fixed assets | 22/27 | €434,203 | €407,144 | -€27,060 | -6.2% |
| Land and buildings | 22 | €419,821 | €397,397 | -€22,423 | -5.3% |
| Plant, machinery and equipment | 23 | €5,625 | €3,969 | -€1,656 | -29.4% |
| Furniture and vehicles | 24 | €1,619 | €64 | -€1,555 | -96.0% |
| Other tangible fixed assets | 26 | €7,139 | €5,714 | -€1,425 | -20.0% |
| Financial fixed assets | 28 | €124,078 | €129,848 | +€5,770 | +4.7% |
| Current assets | 29/58 | €622,927 | €528,469 | -€94,458 | -15.2% |
| Stocks and contracts in progress | 3 | €77,703 | €99,285 | +€21,582 | +27.8% |
| Stocks | 30/36 | €77,703 | €99,285 | +€21,582 | +27.8% |
| Amounts receivable within one year | 40/41 | €413,171 | €233,575 | -€179,596 | -43.5% |
| Trade receivables | 40 | €311,623 | €166,636 | -€144,988 | -46.5% |
| Other amounts receivable | 41 | €101,548 | €66,940 | -€34,609 | -34.1% |
| Cash at bank and in hand | 54/58 | €131,099 | €186,357 | +€55,257 | +42.1% |
| Deferred charges and accrued income | 490/1 | €953 | €9,252 | +€8,298 | +870% |
| Total equity and liabilities | 10/49 | €1,181,208 | €1,065,461 | -€115,747 | -9.8% |
| Equity | 10/15 | €533,336 | €498,486 | -€34,850 | -6.5% |
| Contributions | 10/11 | €38,000 | €38,000 | = | 0.0% |
| Reserves | 13 | €737,499 | €737,499 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,800 | €3,800 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,800 | €3,800 | = | 0.0% |
| Tax-exempt reserves | 132 | €13,380 | €13,380 | = | 0.0% |
| Distributable reserves | 133 | €720,319 | €720,319 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€242,163 | -€277,013 | -€34,850 | -14.4% |
| Amounts payable | 17/49 | €647,872 | €566,975 | -€80,897 | -12.5% |
| Amounts payable after more than one year | 17 | €240,859 | €226,688 | -€14,171 | -5.9% |
| Financial debts | 170/4 | €240,859 | €226,688 | -€14,171 | -5.9% |
| Amounts payable within one year | 42/48 | €397,626 | €339,727 | -€57,899 | -14.6% |
| Current portion of amounts payable after more than one year | 42 | €13,580 | €14,171 | +€591 | +4.4% |
| Trade debts | 44 | €311,641 | €265,327 | -€46,314 | -14.9% |
| Suppliers | 440/4 | €311,641 | €265,327 | -€46,314 | -14.9% |
| Taxes, remuneration and social security | 45 | €14,268 | €9,980 | -€4,289 | -30.1% |
| Taxes | 450/3 | €1,090 | €684 | -€406 | -37.3% |
| Remuneration and social security | 454/9 | €13,178 | €9,296 | -€3,883 | -29.5% |
| Other amounts payable | 47/48 | €58,137 | €50,250 | -€7,887 | -13.6% |
| Accrued charges and deferred income | 492/3 | €9,387 | €560 | -€8,827 | -94.0% |
| Remuneration, social security and pensions | 62 | €683,261 | €465,967 | -€217,294 | -31.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,170 | €27,060 | -€12,111 | -30.9% |
| Other operating charges | 640/8 | €5,799 | €10,870 | +€5,072 | +87.5% |
| Gross operating margin | 9900 | €448,601 | €475,967 | +€27,366 | +6.1% |
| Operating profit (loss) | 9901 | -€279,629 | -€27,930 | +€251,699 | +90.0% |
| Financial income | 75/76B | €2,532 | €6,410 | +€3,878 | +153% |
| Recurring financial income | 75 | €2,532 | €6,410 | +€3,878 | +153% |
| Financial charges | 65/66B | €14,647 | €12,455 | -€2,192 | -15.0% |
| Recurring financial charges | 65 | €14,647 | €12,455 | -€2,192 | -15.0% |
| Profit (loss) for the period before taxes | 9903 | -€291,744 | -€33,975 | +€257,769 | +88.4% |
| Income taxes | 67/77 | €1,078 | €875 | -€202 | -18.8% |
| Profit (loss) for the period | 9904 | -€292,822 | -€34,850 | +€257,972 | +88.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€292,822 | -€34,850 | +€257,972 | +88.1% |
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 25 October 2026 via checked.be.