ISOFORM: what changed
Two fiscal 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.
ISOFORM
Largest movements
- Current investments -€554,369
down €554,369 (-100.0%), from €554,369 to €0
- Receivables within one year +€488,784
up €488,784 (+47.4%), from €1.0m to €1.5m
of which Trade receivables: +€543,885
- Cash +€360,268
up €360,268 (+27.5%), from €1.3m to €1.7m
mainly Other debts (+€626,872) and Net result for the year (+€588,679)
- Tangible fixed assets -€182,012
down €182,012 (-12.1%), from €1.5m to €1.3m
of which Leasing and similar rights: -€174,355
- Other debts +€626,872
up €626,872 (+192.9%), from €324,997 to €951,869
- Debts after one year -€296,157
down €296,157 (-34.5%), from €858,550 to €562,393
- Reserves -€211,321
down €211,321 (-8.5%), from €2.5m to €2.3m
of which Tax-exempt reserves: -€164,764
- Tax, wage and social debts +€105,546
up €105,546 (+54.8%), from €192,541 to €298,087
of which Taxes: +€55,699
- Gross operating margin +€218,950
up €218,950 (+9.0%), from €2.4m to €2.6m
- Write-downs -€172,302
down €172,302, from €119,165 to -€53,137
- Depreciation +€119,041
up €119,041 (+58.2%), from €204,373 to €323,414
- Staff costs +€75,718
up €75,718 (+5.3%), from €1.4m to €1.5m
- Taxes +€65,770
up €65,770 (+47.5%), from €138,511 to €204,281
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 | €5,013,710 | €5,206,548 | +€192,839 | +3.8% |
| Fixed assets | 21/28 | €1,584,628 | €1,446,587 | -€138,041 | -8.7% |
| Intangible fixed assets | 21 | €78,821 | €122,792 | +€43,971 | +55.8% |
| Tangible fixed assets | 22/27 | €1,505,807 | €1,323,795 | -€182,012 | -12.1% |
| Land and buildings | 22 | €671,779 | €614,320 | -€57,459 | -8.6% |
| Plant, machinery and equipment | 23 | €181,845 | €207,746 | +€25,901 | +14.2% |
| Furniture and vehicles | 24 | €75,868 | €99,769 | +€23,901 | +31.5% |
| Leasing and similar rights | 25 | €576,315 | €401,961 | -€174,355 | -30.3% |
| Current assets | 29/58 | €3,429,082 | €3,759,961 | +€330,880 | +9.6% |
| Stocks and contracts in progress | 3 | €519,515 | €552,892 | +€33,377 | +6.4% |
| Stocks | 30/36 | €519,515 | €552,892 | +€33,377 | +6.4% |
| Amounts receivable within one year | 40/41 | €1,031,391 | €1,520,175 | +€488,784 | +47.4% |
| Trade receivables | 40 | €907,168 | €1,451,053 | +€543,885 | +60.0% |
| Other amounts receivable | 41 | €124,223 | €69,122 | -€55,102 | -44.4% |
| Current investments | 50/53 | €554,369 | €0 | -€554,369 | -100.0% |
| Cash at bank and in hand | 54/58 | €1,310,631 | €1,670,899 | +€360,268 | +27.5% |
| Deferred charges and accrued income | 490/1 | €13,175 | €15,996 | +€2,821 | +21.4% |
| Total equity and liabilities | 10/49 | €5,013,710 | €5,206,548 | +€192,839 | +3.8% |
| Equity | 10/15 | €2,658,931 | €2,445,323 | -€213,608 | -8.0% |
| Contributions | 10/11 | €147,450 | €147,450 | = | 0.0% |
| Capital | 10 | €147,450 | €147,450 | = | 0.0% |
| Issued capital | 100 | €147,450 | €147,450 | = | 0.0% |
| Reserves | 13 | €2,474,607 | €2,263,286 | -€211,321 | -8.5% |
| Non-distributable reserves | 130/1 | €16,860 | €16,860 | = | 0.0% |
| Legal reserve | 130 | €16,860 | €16,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €265,230 | €100,466 | -€164,764 | -62.1% |
| Distributable reserves | 133 | €2,192,517 | €2,145,960 | -€46,557 | -2.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Investment grants | 15 | €36,874 | €34,587 | -€2,287 | -6.2% |
| Provisions and deferred taxes | 16 | €72,891 | €72,129 | -€762 | -1.0% |
| Provisions for liabilities and charges | 160/5 | €60,600 | €60,600 | = | 0.0% |
| Major repairs and maintenance | 162 | €60,600 | €60,600 | = | 0.0% |
| Deferred taxes | 168 | €12,291 | €11,529 | -€762 | -6.2% |
| Amounts payable | 17/49 | €2,281,888 | €2,689,096 | +€407,209 | +17.8% |
| Amounts payable after more than one year | 17 | €858,550 | €562,393 | -€296,157 | -34.5% |
| Financial debts | 170/4 | €858,550 | €562,393 | -€296,157 | -34.5% |
| Amounts payable within one year | 42/48 | €1,423,338 | €2,126,703 | +€703,366 | +49.4% |
| Current portion of amounts payable after more than one year | 42 | €325,572 | €290,716 | -€34,856 | -10.7% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €580,228 | €586,031 | +€5,803 | +1.0% |
| Suppliers | 440/4 | €580,228 | €586,031 | +€5,803 | +1.0% |
| Taxes, remuneration and social security | 45 | €192,541 | €298,087 | +€105,546 | +54.8% |
| Taxes | 450/3 | €37,551 | €93,250 | +€55,699 | +148.3% |
| Remuneration and social security | 454/9 | €154,990 | €204,837 | +€49,847 | +32.2% |
| Other amounts payable | 47/48 | €324,997 | €951,869 | +€626,872 | +192.9% |
| Non-recurring operating income | 76A | €0 | €2,750 | +€2,750 | |
| Remuneration, social security and pensions | 62 | €1,428,995 | €1,504,713 | +€75,718 | +5.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €204,373 | €323,414 | +€119,041 | +58.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €119,165 | -€53,137 | -€172,302 | |
| Other operating charges | 640/8 | €24,697 | €24,128 | -€569 | -2.3% |
| Gross operating margin | 9900 | €2,420,497 | €2,639,447 | +€218,950 | +9.0% |
| Operating profit (loss) | 9901 | €643,267 | €840,329 | +€197,061 | +30.6% |
| Financial income | 75/76B | €24,473 | €46,674 | +€22,200 | +90.7% |
| Recurring financial income | 75 | €24,473 | €46,674 | +€22,200 | +90.7% |
| Financial charges | 65/66B | €45,994 | €94,805 | +€48,811 | +106.1% |
| Recurring financial charges | 65 | €45,994 | €94,805 | +€48,811 | +106.1% |
| Profit (loss) for the period before taxes | 9903 | €621,747 | €792,198 | +€170,451 | +27.4% |
| Transfer from deferred taxes | 780 | €762 | €762 | = | 0.0% |
| Income taxes | 67/77 | €138,511 | €204,281 | +€65,770 | +47.5% |
| Profit (loss) for the period | 9904 | €483,998 | €588,679 | +€104,681 | +21.6% |
| Transfer from tax-exempt reserves | 789 | - | €164,764 | +€164,764 | |
| Transfer to tax-exempt reserves | 689 | €97,254 | €0 | -€97,254 | -100.0% |
| Profit (loss) for the period to be appropriated | 9905 | €386,744 | €753,443 | +€366,699 | +94.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.