ISOL-THERM: 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.
ISOL-THERM
Largest movements
- Receivables within one year +€52,553
up €52,553 (+121%), from €43,464 to €96,017
of which Trade receivables: +€41,181
- Tangible fixed assets +€24,837
new in 2025: €24,837
of which Furniture and vehicles: +€23,900
- Cash +€7,749
up €7,749 (+108%), from €7,198 to €14,948
mainly Net result for the year (+€42,792) and Trade debts (+€23,697)
- Profit (loss) carried forward +€42,792
up €42,792, from -€2,730 to €40,061
- Trade debts +€23,697
up €23,697 (+1,045%), from €2,268 to €25,964
- Tax, wage and social debts +€22,034
new in 2025: €22,034
of which Taxes: +€16,910
- Debts after one year -€8,473
down €8,473 (-49.9%), from €16,966 to €8,492
- Other debts +€6,071
up €6,071 (+53.2%), from €11,409 to €17,480
- Gross operating margin +€48,423
up €48,423 (+128%), from €37,776 to €86,199
- Staff costs +€21,816
new in 2025: €21,816
- Taxes +€16,910
new in 2025: €16,910
- Other operating charges +€1,892
new in 2025: €1,892
- Financial charges -€1,886
down €1,886 (-53.1%), from €3,553 to €1,667
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.
Derived cash bridge
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 | €50,662 | €136,545 | +€85,883 | +170% |
| Fixed assets | 21/28 | - | €24,837 | +€24,837 | |
| Tangible fixed assets | 22/27 | - | €24,837 | +€24,837 | |
| Plant, machinery and equipment | 23 | - | €938 | +€938 | |
| Furniture and vehicles | 24 | - | €23,900 | +€23,900 | |
| Current assets | 29/58 | €50,662 | €111,708 | +€61,045 | +120% |
| Amounts receivable within one year | 40/41 | €43,464 | €96,017 | +€52,553 | +121% |
| Trade receivables | 40 | €41,174 | €82,356 | +€41,181 | +100% |
| Other amounts receivable | 41 | €2,289 | €13,661 | +€11,372 | +497% |
| Cash at bank and in hand | 54/58 | €7,198 | €14,948 | +€7,749 | +108% |
| Deferred charges and accrued income | 490/1 | - | €743 | +€743 | |
| Total equity and liabilities | 10/49 | €50,662 | €136,545 | +€85,883 | +170% |
| Equity | 10/15 | €11,020 | €53,811 | +€42,792 | +388% |
| Contributions | 10/11 | €12,500 | €12,500 | = | 0.0% |
| Reserves | 13 | €1,250 | €1,250 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,250 | €1,250 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,250 | €1,250 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,730 | €40,061 | +€42,792 | |
| Amounts payable | 17/49 | €39,643 | €82,734 | +€43,091 | +109% |
| Amounts payable after more than one year | 17 | €16,966 | €8,492 | -€8,473 | -49.9% |
| Financial debts | 170/4 | €16,966 | €8,492 | -€8,473 | -49.9% |
| Amounts payable within one year | 42/48 | €22,677 | €74,241 | +€51,564 | +227% |
| Current portion of amounts payable after more than one year | 42 | €9,000 | €8,763 | -€237 | -2.6% |
| Trade debts | 44 | €2,268 | €25,964 | +€23,697 | +1,045% |
| Suppliers | 440/4 | €2,268 | €25,964 | +€23,697 | +1,045% |
| Taxes, remuneration and social security | 45 | - | €22,034 | +€22,034 | |
| Taxes | 450/3 | - | €16,910 | +€16,910 | |
| Remuneration and social security | 454/9 | - | €5,123 | +€5,123 | |
| Other amounts payable | 47/48 | €11,409 | €17,480 | +€6,071 | +53.2% |
| Remuneration, social security and pensions | 62 | - | €21,816 | +€21,816 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €1,424 | +€1,424 | |
| Other operating charges | 640/8 | - | €1,892 | +€1,892 | |
| Gross operating margin | 9900 | €37,776 | €86,199 | +€48,423 | +128% |
| Operating profit (loss) | 9901 | €37,776 | €61,067 | +€23,291 | +61.7% |
| Financial income | 75/76B | - | €303 | +€303 | |
| Recurring financial income | 75 | - | €303 | +€303 | |
| Financial charges | 65/66B | €3,553 | €1,667 | -€1,886 | -53.1% |
| Recurring financial charges | 65 | €3,553 | €1,667 | -€1,886 | -53.1% |
| Profit (loss) for the period before taxes | 9903 | €34,223 | €59,702 | +€25,479 | +74.5% |
| Income taxes | 67/77 | - | €16,910 | +€16,910 | |
| Profit (loss) for the period | 9904 | €34,223 | €42,792 | +€8,569 | +25.0% |
| Profit (loss) for the period to be appropriated | 9905 | €34,223 | €42,792 | +€8,569 | +25.0% |
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 21 October 2026 via checked.be.