ISOFLEX: 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.
ISOFLEX
Largest movements
- Receivables within one year +€1.5m
up €1.5m (+55.7%), from €2.8m to €4.3m
of which Trade receivables: +€1.4m
- Cash +€1.4m
up €1.4m (+1,098%), from €131,111 to €1.6m
mainly Net result for the year (+€1.5m) and Debts after one year (+€1.3m)
- Tangible fixed assets +€1.4m
up €1.4m (+84.3%), from €1.6m to €3.0m
of which Leasing and similar rights: +€797,750
- Stocks and contracts +€140,000
up €140,000 (+56.0%), from €250,000 to €390,000
- Intangible fixed assets -€130,000
down €130,000 (-27.5%), from €472,986 to €342,986
- Debts after one year +€1.3m
up €1.3m (+101%), from €1.3m to €2.6m
- Short-term financial debts +€925,000
up €925,000 (+92.5%), from €1.0m to €1.9m
- Reserves +€898,126
up €898,126 (+95.8%), from €937,836 to €1.8m
of which Tax-exempt reserves: +€467,310
- Current portion of long-term debt +€659,617
up €659,617 (+127%), from €519,470 to €1.2m
- Other debts +€610,140
up €610,140 (+758%), from €80,510 to €690,650
- Turnover +€26.4m
new in 2025: €26.4m
- Purchases and services +€22.4m
new in 2025: €22.4m
- Gross operating margin +€2.2m
up €2.2m (+110%), from €2.0m to €4.2m
- Staff costs +€491,058
up €491,058 (+57.2%), from €858,711 to €1.3m
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 | €5,427,502 | €9,915,100 | +€4.5m | +82.7% |
| Fixed assets | 21/28 | €2,158,679 | €3,388,683 | +€1.2m | +57.0% |
| Intangible fixed assets | 21 | €472,986 | €342,986 | -€130,000 | -27.5% |
| Tangible fixed assets | 22/27 | €1,647,322 | €3,035,897 | +€1.4m | +84.3% |
| Plant, machinery and equipment | 23 | €736,732 | €707,773 | -€28,959 | -3.9% |
| Furniture and vehicles | 24 | €660,048 | €1,317,304 | +€657,256 | +99.6% |
| Leasing and similar rights | 25 | €45,540 | €843,290 | +€797,750 | +1,752% |
| Other tangible fixed assets | 26 | €205,003 | €167,529 | -€37,474 | -18.3% |
| Financial fixed assets | 28 | €38,370 | €9,800 | -€28,570 | -74.5% |
| Current assets | 29/58 | €3,268,823 | €6,526,417 | +€3.3m | +99.7% |
| Amounts receivable after more than one year | 29 | - | €50,000 | +€50,000 | |
| Trade receivables | 290 | - | €50,000 | +€50,000 | |
| Stocks and contracts in progress | 3 | €250,000 | €390,000 | +€140,000 | +56.0% |
| Stocks | 30/36 | €250,000 | €390,000 | +€140,000 | +56.0% |
| Amounts receivable within one year | 40/41 | €2,778,427 | €4,326,770 | +€1.5m | +55.7% |
| Trade receivables | 40 | €2,445,814 | €3,797,231 | +€1.4m | +55.3% |
| Other amounts receivable | 41 | €332,613 | €529,538 | +€196,925 | +59.2% |
| Cash at bank and in hand | 54/58 | €131,111 | €1,570,744 | +€1.4m | +1,098% |
| Deferred charges and accrued income | 490/1 | €109,285 | €188,903 | +€79,617 | +72.9% |
| Total equity and liabilities | 10/49 | €5,427,502 | €9,915,100 | +€4.5m | +82.7% |
| Equity | 10/15 | €943,836 | €1,841,962 | +€898,126 | +95.2% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €937,836 | €1,835,962 | +€898,126 | +95.8% |
| Tax-exempt reserves | 132 | - | €467,310 | +€467,310 | |
| Distributable reserves | 133 | €937,836 | €1,368,652 | +€430,816 | +45.9% |
| Amounts payable | 17/49 | €4,483,666 | €8,073,137 | +€3.6m | +80.1% |
| Amounts payable after more than one year | 17 | €1,300,267 | €2,613,837 | +€1.3m | +101% |
| Financial debts | 170/4 | €1,300,267 | €2,613,837 | +€1.3m | +101% |
| Amounts payable within one year | 42/48 | €3,183,399 | €5,459,301 | +€2.3m | +71.5% |
| Current portion of amounts payable after more than one year | 42 | €519,470 | €1,179,087 | +€659,617 | +127% |
| Financial debts | 43 | €1,000,000 | €1,925,000 | +€925,000 | +92.5% |
| Credit institutions | 430/8 | €1,000,000 | €1,925,000 | +€925,000 | +92.5% |
| Trade debts | 44 | €1,504,483 | €1,551,371 | +€46,888 | +3.1% |
| Suppliers | 440/4 | €1,504,483 | €1,551,371 | +€46,888 | +3.1% |
| Taxes, remuneration and social security | 45 | €78,937 | €113,193 | +€34,256 | +43.4% |
| Taxes | 450/3 | €475 | €112 | -€363 | -76.3% |
| Remuneration and social security | 454/9 | €78,461 | €113,081 | +€34,619 | +44.1% |
| Other amounts payable | 47/48 | €80,510 | €690,650 | +€610,140 | +758% |
| Turnover | 70 | - | €26,379,874 | +€26.4m | |
| Non-recurring operating income | 76A | €2,572 | - | -€2,572 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €22,383,403 | +€22.4m | |
| Remuneration, social security and pensions | 62 | €858,711 | €1,349,769 | +€491,058 | +57.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €620,242 | €844,200 | +€223,958 | +36.1% |
| Other operating charges | 640/8 | €112,994 | €233,819 | +€120,825 | +107% |
| Non-recurring operating charges | 66A | €8,561 | €1,611 | -€6,950 | -81.2% |
| Gross operating margin | 9900 | €2,017,876 | €4,242,577 | +€2.2m | +110% |
| Operating profit (loss) | 9901 | €417,368 | €1,813,177 | +€1.4m | +334% |
| Financial income | 75/76B | €80,003 | €143,364 | +€63,361 | +79.2% |
| Recurring financial income | 75 | €80,003 | €143,364 | +€63,361 | +79.2% |
| Financial charges | 65/66B | €122,587 | €218,765 | +€96,178 | +78.5% |
| Recurring financial charges | 65 | €122,587 | €218,765 | +€96,178 | +78.5% |
| Profit (loss) for the period before taxes | 9903 | €374,784 | €1,737,777 | +€1.4m | +364% |
| Income taxes | 67/77 | €88,005 | €274,651 | +€186,646 | +212% |
| Profit (loss) for the period | 9904 | €286,779 | €1,463,126 | +€1.2m | +410% |
| Transfer to tax-exempt reserves | 689 | - | €467,310 | +€467,310 | |
| Profit (loss) for the period to be appropriated | 9905 | €286,779 | €995,816 | +€709,037 | +247% |
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 13 October 2026 via checked.be.