IsoHemp: 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
IsoHemp
NACE 22.240, Manufacture of rubber and plastic products
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€3.5m
2024 · -€3.7m+€142,637
Equity
€1.2m
2024 · €4.8m-€3.6m
Cash
€499,149
2024 · €392,489+€106,661
Balance sheet total
€15.3m
2024 · €15.5m-€222,629
Largest movements
Assets
- Receivables within one year -€268,762
down €268,762 (-16.7%), from €1.6m to €1.3m
of which Other amounts receivable: -€182,292
- Intangible fixed assets +€169,945
up €169,945 (+22.5%), from €756,916 to €926,862
Equity and liabilities
- Profit (loss) carried forward -€3.5m
down €3.5m (-53.3%), from -€6.6m to -€10.1m
- Debts after one year +€2.6m
up €2.6m (+39.2%), from €6.6m to €9.2m
of which Other amounts payable: +€3.0m
- Other debts +€450,000
up €450,000 (+2672.0%), from €16,842 to €466,842
- Investment grants -€182,869
down €182,869 (-8.1%), from €2.3m to €2.1m
- Short-term financial debts +€165,001
up €165,001 (+11.7%), from €1.4m to €1.6m
Income statement
- Gross operating margin +€689,757
up €689,757 (+266.3%), from €259,032 to €948,788
- Staff costs +€284,710
up €284,710 (+9.9%), from €2.9m to €3.2m
- Depreciation +€216,992
up €216,992 (+27.4%), from €792,339 to €1.0m
- Financial charges +€121,637
up €121,637 (+37.6%), from €323,695 to €445,332
- Financial income +€104,445
up €104,445 (+104.0%), from €100,417 to €204,862
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
-€3.7m
Gross operating margin
+€689,757
Staff costs
-€284,710
Depreciation
-€216,992
Write-downs
+€7,774
Other operating charges
-€6,013
Other operating items
-€30,934
Financial income
+€104,445
Financial charges
-€121,637
Taxes
+€948
Result 2025
-€3.5m
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
-€1.5m
Investment
-€1.1m
Financing
+€2.7m
Cash 2024
€392,489
From operations (derived)
-€1.5m
Net result for the year
-€3.5m
Depreciation
+€1.0m
Stocks and contracts
+€70,946
Receivables within one year
+€268,762
Deferred charges and accrued income
+€50,553
Provisions
-€17,000
Trade debts
+€101,731
Tax, wage and social debts
+€125,020
Advances received
+€5,221
Other debts
+€450,000
Accrued charges and deferred income
-€64,500
Investment (derived)
-€1.1m
Investment in fixed assets (net)
-€1.1m
Financing
+€2.7m
Debts after one year
+€2.6m
Current portion of long-term debt
+€18,317
Short-term financial debts
+€165,001
Contributions, distributions and other
-€77,269
Cash 2025
€499,149
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €15,510,590 | €15,287,961 | -€222,629 | -1.4% |
| Formation expenses | 20 | €48,778 | €83,750 | +€34,972 | +71.7% |
| Fixed assets | 21/28 | €11,705,541 | €11,731,541 | +€26,000 | +0.2% |
| Intangible fixed assets | 21 | €756,916 | €926,862 | +€169,945 | +22.5% |
| Tangible fixed assets | 22/27 | €10,928,053 | €10,783,867 | -€144,186 | -1.3% |
| Land and buildings | 22 | €5,937,667 | €5,652,263 | -€285,404 | -4.8% |
| Plant, machinery and equipment | 23 | €4,716,082 | €4,893,345 | +€177,263 | +3.8% |
| Furniture and vehicles | 24 | €141,454 | €123,093 | -€18,361 | -13.0% |
| Leasing and similar rights | 25 | €11,470 | - | -€11,470 | |
| Other tangible fixed assets | 26 | €121,380 | €115,166 | -€6,214 | -5.1% |
| Financial fixed assets | 28 | €20,572 | €20,812 | +€240 | +1.2% |
| Current assets | 29/58 | €3,756,271 | €3,472,671 | -€283,601 | -7.6% |
| Amounts receivable after more than one year | 29 | €153,713 | €153,713 | = | 0.0% |
| Other amounts receivable | 291 | €153,713 | €153,713 | = | 0.0% |
| Stocks and contracts in progress | 3 | €1,525,480 | €1,454,533 | -€70,946 | -4.7% |
| Stocks | 30/36 | €1,525,480 | €1,454,533 | -€70,946 | -4.7% |
| Amounts receivable within one year | 40/41 | €1,606,172 | €1,337,409 | -€268,762 | -16.7% |
| Trade receivables | 40 | €1,123,274 | €1,036,804 | -€86,470 | -7.7% |
| Other amounts receivable | 41 | €482,897 | €300,606 | -€182,292 | -37.7% |
| Cash at bank and in hand | 54/58 | €392,489 | €499,149 | +€106,661 | +27.2% |
| Deferred charges and accrued income | 490/1 | €78,418 | €27,865 | -€50,553 | -64.5% |
| Total equity and liabilities | 10/49 | €15,510,590 | €15,287,961 | -€222,629 | -1.4% |
| Equity | 10/15 | €4,828,344 | €1,234,171 | -€3.6m | -74.4% |
| Contributions | 10/11 | €9,158,532 | €9,264,132 | +€105,600 | +1.2% |
| Capital | 10 | €9,158,532 | €9,264,132 | +€105,600 | +1.2% |
| Issued capital | 100 | €9,158,532 | €9,264,132 | +€105,600 | +1.2% |
| Profit (loss) carried forward | 14 | -€6,601,401 | -€10,118,304 | -€3.5m | -53.3% |
| Investment grants | 15 | €2,271,213 | €2,088,344 | -€182,869 | -8.1% |
| Provisions and deferred taxes | 16 | €17,000 | - | -€17,000 | |
| Provisions for liabilities and charges | 160/5 | €17,000 | - | -€17,000 | |
| Other liabilities and charges | 164/5 | €17,000 | - | -€17,000 | |
| Amounts payable | 17/49 | €10,665,246 | €14,053,790 | +€3.4m | +31.8% |
| Amounts payable after more than one year | 17 | €6,609,740 | €9,197,494 | +€2.6m | +39.2% |
| Financial debts | 170/4 | €6,601,040 | €6,193,962 | -€407,078 | -6.2% |
| Other amounts payable | 178/9 | €8,700 | €3,003,533 | +€3.0m | +34423.4% |
| Amounts payable within one year | 42/48 | €3,963,284 | €4,828,574 | +€865,290 | +21.8% |
| Current portion of amounts payable after more than one year | 42 | €801,481 | €819,798 | +€18,317 | +2.3% |
| Financial debts | 43 | €1,413,469 | €1,578,470 | +€165,001 | +11.7% |
| Other loans | 439 | €1,413,469 | €1,578,470 | +€165,001 | +11.7% |
| Trade debts | 44 | €1,382,754 | €1,484,484 | +€101,731 | +7.4% |
| Suppliers | 440/4 | €1,382,754 | €1,484,484 | +€101,731 | +7.4% |
| Advances received on contracts in progress | 46 | €57,160 | €62,381 | +€5,221 | +9.1% |
| Taxes, remuneration and social security | 45 | €291,579 | €416,599 | +€125,020 | +42.9% |
| Taxes | 450/3 | €8,012 | €42,712 | +€34,700 | +433.1% |
| Remuneration and social security | 454/9 | €283,567 | €373,887 | +€90,320 | +31.9% |
| Other amounts payable | 47/48 | €16,842 | €466,842 | +€450,000 | +2672.0% |
| Accrued charges and deferred income | 492/3 | €92,223 | €27,722 | -€64,500 | -69.9% |
| Remuneration, social security and pensions | 62 | €2,868,604 | €3,153,314 | +€284,710 | +9.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €792,339 | €1,009,331 | +€216,992 | +27.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €7,774 | - | -€7,774 | |
| Other operating charges | 640/8 | €11,807 | €17,820 | +€6,013 | +50.9% |
| Non-recurring operating charges | 66A | €11,497 | €42,431 | +€30,934 | +269.1% |
| Gross operating margin | 9900 | €259,032 | €948,788 | +€689,757 | +266.3% |
| Operating profit (loss) | 9901 | -€3,432,989 | -€3,274,108 | +€158,881 | +4.6% |
| Financial income | 75/76B | €100,417 | €204,862 | +€104,445 | +104.0% |
| Recurring financial income | 75 | €100,417 | €204,862 | +€104,445 | +104.0% |
| Financial charges | 65/66B | €323,695 | €445,332 | +€121,637 | +37.6% |
| Recurring financial charges | 65 | €323,695 | €445,332 | +€121,637 | +37.6% |
| Profit (loss) for the period before taxes | 9903 | -€3,656,267 | -€3,514,578 | +€141,689 | +3.9% |
| Income taxes | 67/77 | €3,274 | €2,326 | -€948 | -29.0% |
| Profit (loss) for the period | 9904 | -€3,659,540 | -€3,516,903 | +€142,637 | +3.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,659,540 | -€3,516,903 | +€142,637 | +3.9% |
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 12 October 2026 via checked.be.