ISOKOR: 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.
What changed
ISOKOR
NACE 68.203, Renting and operating of own or leased non-residential real estate, excluding land
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€26,998
2024 · -€22,801-€4,198
Equity
€1.8m
2024 · €1.8m-€26,998
Cash
€29,954
2024 · €12,594+€17,360
Balance sheet total
€3.0m
2024 · €3.0m-€10,790
Largest movements
Assets
- Tangible fixed assets -€37,245
down €37,245 (-1.2%), from €3.0m to €3.0m
of which Land and buildings: -€36,903
Equity and liabilities
- Other debts +€65,130
up €65,130 (+35.7%), from €182,518 to €247,648
- Debts after one year -€48,703
down €48,703 (-6.0%), from €805,458 to €756,754
of which Financial debts: -€48,703
Income statement
- Other operating charges +€19,037
up €19,037 (+118.4%), from €16,078 to €35,115
- Gross operating margin +€16,117
up €16,117 (+14.8%), from €109,118 to €125,235
- Depreciation +€3,269
up €3,269 (+3.6%), from €91,419 to €94,689
- Financial charges -€1,837
down €1,837 (-5.3%), from €34,886 to €33,050
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
-€22,801
Gross operating margin
+€16,117
Depreciation
-€3,269
Other operating charges
-€19,037
Financial income
+€155
Financial charges
+€1,837
Result 2025
-€26,998
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
+€121,622
Investment
-€57,444
Financing
-€46,818
Cash 2024
€12,594
From operations (derived)
+€121,622
Net result for the year
-€26,998
Depreciation
+€94,689
Deferred charges and accrued income
-€9,095
Provisions
-€10,465
Trade debts
+€4,461
Other debts
+€65,130
Accrued charges and deferred income
+€3,900
Investment (derived)
-€57,444
Investment in fixed assets (net)
-€57,444
Financing
-€46,818
Debts after one year
-€48,703
Current portion of long-term debt
+€1,885
Cash 2025
€29,954
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,040,607 | €3,029,817 | -€10,790 | -0.4% |
| Fixed assets | 21/28 | €3,027,665 | €2,990,421 | -€37,245 | -1.2% |
| Tangible fixed assets | 22/27 | €3,027,665 | €2,990,421 | -€37,245 | -1.2% |
| Land and buildings | 22 | €3,027,324 | €2,990,421 | -€36,903 | -1.2% |
| Plant, machinery and equipment | 23 | €342 | €0 | -€342 | -100.0% |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €12,942 | €39,396 | +€26,455 | +204.4% |
| Amounts receivable within one year | 40/41 | €0 | €0 | = | |
| Other amounts receivable | 41 | €0 | €0 | = | |
| Cash at bank and in hand | 54/58 | €12,594 | €29,954 | +€17,360 | +137.8% |
| Deferred charges and accrued income | 490/1 | €348 | €9,443 | +€9,095 | +2611.1% |
| Total equity and liabilities | 10/49 | €3,040,607 | €3,029,817 | -€10,790 | -0.4% |
| Equity | 10/15 | €1,786,577 | €1,759,578 | -€26,998 | -1.5% |
| Contributions | 10/11 | €450,021 | €450,021 | = | 0.0% |
| Capital | 10 | €450,000 | €450,000 | = | 0.0% |
| Issued capital | 100 | €450,000 | €450,000 | = | 0.0% |
| Outside capital | 11 | €21 | €21 | = | 0.0% |
| Share premium | 1100/10 | €21 | €21 | = | 0.0% |
| Reserves | 13 | €1,359,113 | €1,335,636 | -€23,477 | -1.7% |
| Non-distributable reserves | 130/1 | €45,000 | €45,000 | = | 0.0% |
| Legal reserve | 130 | €45,000 | €45,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €526,295 | €502,817 | -€23,477 | -4.5% |
| Distributable reserves | 133 | €787,819 | €787,819 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€22,557 | -€26,078 | -€3,521 | -15.6% |
| Provisions and deferred taxes | 16 | €218,361 | €207,897 | -€10,465 | -4.8% |
| Deferred taxes | 168 | €218,361 | €207,897 | -€10,465 | -4.8% |
| Amounts payable | 17/49 | €1,035,669 | €1,062,342 | +€26,673 | +2.6% |
| Amounts payable after more than one year | 17 | €805,458 | €756,754 | -€48,703 | -6.0% |
| Financial debts | 170/4 | €804,505 | €755,802 | -€48,703 | -6.1% |
| Other amounts payable | 178/9 | €953 | €953 | = | 0.0% |
| Amounts payable within one year | 42/48 | €230,212 | €301,688 | +€71,476 | +31.0% |
| Current portion of amounts payable after more than one year | 42 | €46,818 | €48,703 | +€1,885 | +4.0% |
| Trade debts | 44 | €875 | €5,337 | +€4,461 | +509.7% |
| Suppliers | 440/4 | €875 | €5,337 | +€4,461 | +509.7% |
| Other amounts payable | 47/48 | €182,518 | €247,648 | +€65,130 | +35.7% |
| Accrued charges and deferred income | 492/3 | €0 | €3,900 | +€3,900 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €91,419 | €94,689 | +€3,269 | +3.6% |
| Other operating charges | 640/8 | €16,078 | €35,115 | +€19,037 | +118.4% |
| Gross operating margin | 9900 | €109,118 | €125,235 | +€16,117 | +14.8% |
| Operating profit (loss) | 9901 | €1,621 | -€4,569 | -€6,189 | |
| Financial income | 75/76B | €0 | €155 | +€155 | |
| Recurring financial income | 75 | €0 | €155 | +€155 | |
| Financial charges | 65/66B | €34,886 | €33,050 | -€1,837 | -5.3% |
| Recurring financial charges | 65 | €34,886 | €33,050 | -€1,837 | -5.3% |
| Profit (loss) for the period before taxes | 9903 | -€33,265 | -€37,463 | -€4,198 | -12.6% |
| Transfer from deferred taxes | 780 | €10,465 | €10,465 | = | 0.0% |
| Profit (loss) for the period | 9904 | -€22,801 | -€26,998 | -€4,198 | -18.4% |
| Transfer from tax-exempt reserves | 789 | €23,477 | €23,477 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €677 | -€3,521 | -€4,198 |
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 5 October 2026 via checked.be.