Isofoam: 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
Isofoam
NACE 43.230, Insulation installation
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€605,367
2024 · €938,231-€332,864
Equity
€1.5m
2024 · €1.2m+€255,367
Cash
€497,962
2024 · €307,170+€190,793
Balance sheet total
€4.9m
2024 · €3.7m+€1.2m
Largest movements
Assets
- Receivables within one year +€770,987
up €770,987 (+38.6%), from €2.0m to €2.8m
of which Trade receivables: +€721,058
- Stocks and contracts +€360,452
up €360,452 (+78.1%), from €461,500 to €821,952
- Cash +€190,793
up €190,793 (+62.1%), from €307,170 to €497,962
mainly Trade debts (+€653,784) and Net result for the year (+€605,367)
- Tangible fixed assets -€100,763
down €100,763 (-20.6%), from €488,576 to €387,813
of which Furniture and vehicles: -€58,646
Equity and liabilities
- Trade debts +€653,784
up €653,784 (+101.2%), from €645,800 to €1.3m
- Short-term financial debts +€430,000
new in 2025: €430,000
- Profit (loss) carried forward +€255,367
up €255,367 (+61.9%), from €412,517 to €667,884
- Current portion of long-term debt -€130,946
down €130,946 (-82.9%), from €157,905 to €26,959
Income statement
- Turnover -€9.9m
no longer reported in 2025 (was €9.9m)
- Goods and materials -€6.2m
no longer reported in 2025 (was €6.2m)
of which Purchases: -€6.4m
- Services and other goods -€2.1m
no longer reported in 2025 (was €2.1m)
- Gross operating margin +€2.0m
new in 2025: €2.0m
- Other operating income -€714,764
no longer reported in 2025 (was €714,764)
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
€938,231
Turnover
-€9.9m
Other operating income
-€714,764
Goods and materials
+€6.2m
Services and other goods
+€2.1m
Staff costs
-€68,475
Depreciation
+€41,019
Write-downs
+€9,582
Other operating charges
+€9,371
Other operating items
+€2.0m
Financial income
-€18,863
Financial charges
-€3,253
Taxes
+€98,945
Result 2025
€605,367
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
+€278,388
Investment
-€40,972
Financing
-€46,623
Cash 2024
€307,170
From operations (derived)
+€278,388
Net result for the year
+€605,367
Depreciation
+€141,845
Stocks and contracts
-€360,452
Receivables within one year
-€770,987
Deferred charges and accrued income
-€2,294
Trade debts
+€653,784
Tax, wage and social debts
+€6,898
Other debts
-€4,773
Accrued charges and deferred income
+€9,000
Investment (derived)
-€40,972
Investment in fixed assets (net)
-€40,972
Financing
-€46,623
Debts after one year
+€4,324
Current portion of long-term debt
-€130,946
Short-term financial debts
+€430,000
Contributions, distributions and other
-€350,000
Cash 2025
€497,962
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,653,284 | €4,876,938 | +€1.2m | +33.5% |
| Fixed assets | 21/28 | €875,010 | €774,137 | -€100,873 | -11.5% |
| Tangible fixed assets | 22/27 | €488,576 | €387,813 | -€100,763 | -20.6% |
| Plant, machinery and equipment | 23 | €170,160 | €116,465 | -€53,695 | -31.6% |
| Furniture and vehicles | 24 | €154,042 | €95,396 | -€58,646 | -38.1% |
| Leasing and similar rights | 25 | - | €31,545 | +€31,545 | |
| Other tangible fixed assets | 26 | €164,374 | €144,407 | -€19,967 | -12.1% |
| Financial fixed assets | 28 | €386,434 | €386,324 | -€110 | 0.0% |
| Affiliated companies | 280/1 | €385,000 | - | -€385,000 | |
| Participating interests | 280 | €385,000 | - | -€385,000 | |
| Other financial fixed assets | 284/8 | €1,434 | - | -€1,434 | |
| Amounts receivable and cash guarantees | 285/8 | €1,434 | - | -€1,434 | |
| Current assets | 29/58 | €2,778,274 | €4,102,800 | +€1.3m | +47.7% |
| Stocks and contracts in progress | 3 | €461,500 | €821,952 | +€360,452 | +78.1% |
| Stocks | 30/36 | €461,500 | €821,952 | +€360,452 | +78.1% |
| Goods purchased for resale | 34 | €461,500 | - | -€461,500 | |
| Amounts receivable within one year | 40/41 | €1,997,002 | €2,767,990 | +€770,987 | +38.6% |
| Trade receivables | 40 | €1,917,642 | €2,638,700 | +€721,058 | +37.6% |
| Other amounts receivable | 41 | €79,361 | €129,290 | +€49,929 | +62.9% |
| Cash at bank and in hand | 54/58 | €307,170 | €497,962 | +€190,793 | +62.1% |
| Deferred charges and accrued income | 490/1 | €12,602 | €14,896 | +€2,294 | +18.2% |
| Total equity and liabilities | 10/49 | €3,653,284 | €4,876,938 | +€1.2m | +33.5% |
| Equity | 10/15 | €1,215,821 | €1,471,189 | +€255,367 | +21.0% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €741,804 | €741,804 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Distributable reserves | 133 | €735,654 | €735,654 | = | 0.0% |
| Profit (loss) carried forward | 14 | €412,517 | €667,884 | +€255,367 | +61.9% |
| Amounts payable | 17/49 | €2,437,463 | €3,405,749 | +€968,286 | +39.7% |
| Amounts payable after more than one year | 17 | €87,735 | €92,059 | +€4,324 | +4.9% |
| Financial debts | 170/4 | €87,735 | €92,059 | +€4,324 | +4.9% |
| Credit institutions | 173 | €87,735 | - | -€87,735 | |
| Amounts payable within one year | 42/48 | €2,349,727 | €3,304,690 | +€954,963 | +40.6% |
| Current portion of amounts payable after more than one year | 42 | €157,905 | €26,959 | -€130,946 | -82.9% |
| Financial debts | 43 | - | €430,000 | +€430,000 | |
| Credit institutions | 430/8 | - | €430,000 | +€430,000 | |
| Trade debts | 44 | €645,800 | €1,299,584 | +€653,784 | +101.2% |
| Suppliers | 440/4 | €645,800 | €1,299,584 | +€653,784 | +101.2% |
| Taxes, remuneration and social security | 45 | €191,249 | €198,147 | +€6,898 | +3.6% |
| Taxes | 450/3 | €131,844 | €171,685 | +€39,841 | +30.2% |
| Remuneration and social security | 454/9 | €59,405 | €26,462 | -€32,943 | -55.5% |
| Other amounts payable | 47/48 | €1,354,773 | €1,350,000 | -€4,773 | -0.4% |
| Accrued charges and deferred income | 492/3 | - | €9,000 | +€9,000 | |
| Operating income | 70/76A | €10,650,043 | - | -€10.7m | |
| Turnover | 70 | €9,935,279 | - | -€9.9m | |
| Other operating income | 74 | €714,764 | - | -€714,764 | |
| Operating charges | 60/66A | €9,643,734 | - | -€9.6m | |
| Goods for resale, raw materials and consumables | 60 | €6,177,324 | - | -€6.2m | |
| Purchases | 600/8 | €6,359,374 | - | -€6.4m | |
| Change in stocks: decrease (increase) | 609 | -€182,050 | - | +€182,050 | |
| Services and other goods | 61 | €2,065,917 | - | -€2.1m | |
| Remuneration, social security and pensions | 62 | €1,118,108 | €1,186,583 | +€68,475 | +6.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €182,864 | €141,845 | -€41,019 | -22.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€6,767 | -€16,349 | -€9,582 | -141.6% |
| Other operating charges | 640/8 | €102,343 | €92,973 | -€9,371 | -9.2% |
| Non-recurring operating charges | 66A | €3,944 | €2,012 | -€1,932 | -49.0% |
| Gross operating margin | 9900 | - | €2,003,681 | +€2.0m | |
| Operating profit (loss) | 9901 | €1,006,309 | €596,616 | -€409,693 | -40.7% |
| Financial income | 75/76B | €228,459 | €209,595 | -€18,863 | -8.3% |
| Recurring financial income | 75 | €228,459 | €209,595 | -€18,863 | -8.3% |
| Income from financial fixed assets | 750 | €150,000 | - | -€150,000 | |
| Income from current assets | 751 | €12 | - | -€12 | |
| Other financial income | 752/9 | €78,447 | - | -€78,447 | |
| Financial charges | 65/66B | €21,080 | €24,332 | +€3,253 | +15.4% |
| Recurring financial charges | 65 | €21,080 | €24,332 | +€3,253 | +15.4% |
| Debt charges | 650 | €14,328 | - | -€14,328 | |
| Other financial charges | 652/9 | €6,752 | - | -€6,752 | |
| Profit (loss) for the period before taxes | 9903 | €1,213,688 | €781,879 | -€431,809 | -35.6% |
| Income taxes | 67/77 | €275,457 | €176,512 | -€98,945 | -35.9% |
| Taxes | 670/3 | €275,457 | - | -€275,457 | |
| Profit (loss) for the period | 9904 | €938,231 | €605,367 | -€332,864 | -35.5% |
| Profit (loss) for the period to be appropriated | 9905 | €938,231 | €605,367 | -€332,864 | -35.5% |
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 10 October 2026 via checked.be.