ISOL 2.vert: 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.
ISOL 2.vert
Largest movements
- Tangible fixed assets -€15,147
down €15,147 (-11.3%), from €134,286 to €119,139
of which Land and buildings: -€8,162
- Cash +€8,793
up €8,793 (+19.0%), from €46,379 to €55,173
mainly Depreciation (+€15,147) and Other debts (+€9,664)
- Receivables within one year -€5,909
down €5,909 (-48.4%), from €12,198 to €6,289
of which Trade receivables: -€5,699
- Debts after one year -€12,664
down €12,664 (-18.5%), from €68,301 to €55,637
- Other debts +€9,664
up €9,664 (+139.0%), from €6,955 to €16,619
- Trade debts -€3,091
down €3,091 (-24.1%), from €12,831 to €9,740
- Tax, wage and social debts -€3,000
down €3,000 (-100.0%), from €3,000 to €0
- Gross operating margin +€32,924
up €32,924, from -€14,080 to €18,844
- Financial income -€697
down €697 (-56.5%), from €1,233 to €536
- Depreciation +€311
up €311 (+2.1%), from €14,836 to €15,147
- Financial charges -€267
down €267 (-11.0%), from €2,439 to €2,172
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 | €201,970 | €192,765 | -€9,205 | -4.6% |
| Fixed assets | 21/28 | €134,421 | €119,274 | -€15,147 | -11.3% |
| Tangible fixed assets | 22/27 | €134,286 | €119,139 | -€15,147 | -11.3% |
| Land and buildings | 22 | €115,585 | €107,423 | -€8,162 | -7.1% |
| Plant, machinery and equipment | 23 | €1,359 | €576 | -€783 | -57.6% |
| Furniture and vehicles | 24 | €17,342 | €11,140 | -€6,203 | -35.8% |
| Financial fixed assets | 28 | €135 | €135 | = | 0.0% |
| Current assets | 29/58 | €67,549 | €73,491 | +€5,942 | +8.8% |
| Stocks and contracts in progress | 3 | €7,553 | €8,632 | +€1,079 | +14.3% |
| Stocks | 30/36 | €7,553 | €8,632 | +€1,079 | +14.3% |
| Amounts receivable within one year | 40/41 | €12,198 | €6,289 | -€5,909 | -48.4% |
| Trade receivables | 40 | €8,992 | €3,293 | -€5,699 | -63.4% |
| Other amounts receivable | 41 | €3,206 | €2,996 | -€210 | -6.5% |
| Cash at bank and in hand | 54/58 | €46,379 | €55,173 | +€8,793 | +19.0% |
| Deferred charges and accrued income | 490/1 | €1,419 | €3,397 | +€1,978 | +139.4% |
| Total equity and liabilities | 10/49 | €201,970 | €192,765 | -€9,205 | -4.6% |
| Equity | 10/15 | €97,266 | €96,944 | -€322 | -0.3% |
| Contributions | 10/11 | €48,131 | €48,131 | = | 0.0% |
| Profit (loss) carried forward | 14 | €45,274 | €45,303 | +€29 | +0.1% |
| Investment grants | 15 | €3,860 | €3,510 | -€351 | -9.1% |
| Amounts payable | 17/49 | €104,704 | €95,821 | -€8,883 | -8.5% |
| Amounts payable after more than one year | 17 | €68,301 | €55,637 | -€12,664 | -18.5% |
| Financial debts | 170/4 | €68,301 | €55,637 | -€12,664 | -18.5% |
| Amounts payable within one year | 42/48 | €35,194 | €40,066 | +€4,872 | +13.8% |
| Current portion of amounts payable after more than one year | 42 | €12,409 | €13,708 | +€1,299 | +10.5% |
| Trade debts | 44 | €12,831 | €9,740 | -€3,091 | -24.1% |
| Suppliers | 440/4 | €12,831 | €9,740 | -€3,091 | -24.1% |
| Taxes, remuneration and social security | 45 | €3,000 | €0 | -€3,000 | -100.0% |
| Taxes | 450/3 | €3,000 | €0 | -€3,000 | -100.0% |
| Other amounts payable | 47/48 | €6,955 | €16,619 | +€9,664 | +139.0% |
| Accrued charges and deferred income | 492/3 | €1,209 | €118 | -€1,091 | -90.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,836 | €15,147 | +€311 | +2.1% |
| Other operating charges | 640/8 | €1,940 | €1,977 | +€37 | +1.9% |
| Gross operating margin | 9900 | -€14,080 | €18,844 | +€32,924 | |
| Operating profit (loss) | 9901 | -€30,855 | €1,720 | +€32,576 | |
| Financial income | 75/76B | €1,233 | €536 | -€697 | -56.5% |
| Recurring financial income | 75 | €1,233 | €536 | -€697 | -56.5% |
| Financial charges | 65/66B | €2,439 | €2,172 | -€267 | -11.0% |
| Recurring financial charges | 65 | €2,439 | €2,172 | -€267 | -11.0% |
| Profit (loss) for the period before taxes | 9903 | -€32,062 | €84 | +€32,146 | |
| Income taxes | 67/77 | - | €55 | +€55 | |
| Profit (loss) for the period | 9904 | -€32,062 | €29 | +€32,091 | |
| Profit (loss) for the period to be appropriated | 9905 | -€32,062 | €29 | +€32,091 |
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 4 October 2026 via checked.be.