ISOLA: 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
ISOLA
NACE 68.201, Renting and operating of own or leased residential real estate, excluding social housing
financial year 2023 against 2024filed annual accounts (NBB)
Net result for the year
-€3,760
2023 · €113,959-€117,719
Equity
€1.6m
2023 · €1.6m-€3,760
Cash
€25,097
2023 · €12,423+€12,674
Balance sheet total
€3.2m
2023 · €3.3m-€118,918
Largest movements
Assets
- Tangible fixed assets -€111,142
down €111,142 (-8.9%), from €1.3m to €1.1m
of which Land and buildings: -€57,106
Equity and liabilities
- Debts after one year -€88,166
down €88,166 (-14.9%), from €591,819 to €503,653
- Accrued charges and deferred income +€33,097
up €33,097 (+150.5%), from €21,984 to €55,081
Income statement
- Write-downs +€110,000
no longer reported in 2024 (was -€110,000)
- Taxes -€26,697
down €26,697 (-82.0%), from €32,544 to €5,847
- Gross operating margin -€26,235
down €26,235 (-15.4%), from €170,560 to €144,324
- Financial charges -€11,549
down €11,549 (-22.8%), from €50,734 to €39,185
- Depreciation +€2,795
up €2,795 (+4.5%), from €62,288 to €65,083
From the 2023 result to the 2024 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 2023
€113,959
Gross operating margin
-€26,235
Depreciation
-€2,795
Write-downs
-€110,000
Other operating charges
-€408
Other operating items
-€16,526
Financial income
-€1
Financial charges
+€11,549
Taxes
+€26,697
Result 2024
-€3,760
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€53,893
Investment
+€46,059
Financing
-€87,278
Cash 2023
€12,423
From operations (derived)
+€53,893
Net result for the year
-€3,760
Depreciation
+€65,083
Receivables within one year
+€20,897
Deferred charges and accrued income
-€447
Trade debts
-€13,065
Tax, wage and social debts
-€32,034
Other debts
-€15,877
Accrued charges and deferred income
+€33,097
Investment (derived)
+€46,059
Investment in fixed assets (net)
+€46,059
Financing
-€87,278
Debts after one year
-€88,166
Current portion of long-term debt
+€888
Cash 2024
€25,097
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,280,962 | €3,162,044 | -€118,918 | -3.6% |
| Fixed assets | 21/28 | €1,252,335 | €1,141,193 | -€111,142 | -8.9% |
| Tangible fixed assets | 22/27 | €1,252,335 | €1,141,193 | -€111,142 | -8.9% |
| Land and buildings | 22 | €1,198,299 | €1,141,193 | -€57,106 | -4.8% |
| Furniture and vehicles | 24 | €54,036 | - | -€54,036 | |
| Current assets | 29/58 | €2,028,627 | €2,020,851 | -€7,776 | -0.4% |
| Amounts receivable within one year | 40/41 | €2,016,204 | €1,995,307 | -€20,897 | -1.0% |
| Trade receivables | 40 | €10,778 | €15,826 | +€5,048 | +46.8% |
| Other amounts receivable | 41 | €2,005,426 | €1,979,481 | -€25,945 | -1.3% |
| Cash at bank and in hand | 54/58 | €12,423 | €25,097 | +€12,674 | +102.0% |
| Deferred charges and accrued income | 490/1 | - | €447 | +€447 | |
| Total equity and liabilities | 10/49 | €3,280,962 | €3,162,044 | -€118,918 | -3.6% |
| Equity | 10/15 | €1,638,194 | €1,634,434 | -€3,760 | -0.2% |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Capital | 10 | €150,000 | €150,000 | = | 0.0% |
| Issued capital | 100 | €150,000 | €150,000 | = | 0.0% |
| Reserves | 13 | €1,488,194 | €1,484,434 | -€3,760 | -0.3% |
| Non-distributable reserves | 130/1 | €15,000 | €15,000 | = | 0.0% |
| Legal reserve | 130 | €15,000 | €15,000 | = | 0.0% |
| Distributable reserves | 133 | €1,473,194 | €1,469,434 | -€3,760 | -0.3% |
| Amounts payable | 17/49 | €1,642,768 | €1,527,610 | -€115,158 | -7.0% |
| Amounts payable after more than one year | 17 | €591,819 | €503,653 | -€88,166 | -14.9% |
| Financial debts | 170/4 | €591,819 | €503,653 | -€88,166 | -14.9% |
| Amounts payable within one year | 42/48 | €1,028,965 | €968,877 | -€60,088 | -5.8% |
| Current portion of amounts payable after more than one year | 42 | €87,278 | €88,166 | +€888 | +1.0% |
| Trade debts | 44 | €15,115 | €2,050 | -€13,065 | -86.4% |
| Suppliers | 440/4 | €15,115 | €2,050 | -€13,065 | -86.4% |
| Advances received on contracts in progress | 46 | €100,000 | €100,000 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €32,544 | €510 | -€32,034 | -98.4% |
| Taxes | 450/3 | €32,544 | €510 | -€32,034 | -98.4% |
| Other amounts payable | 47/48 | €794,028 | €778,151 | -€15,877 | -2.0% |
| Accrued charges and deferred income | 492/3 | €21,984 | €55,081 | +€33,097 | +150.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €62,288 | €65,083 | +€2,795 | +4.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€110,000 | - | +€110,000 | |
| Other operating charges | 640/8 | €21,035 | €21,443 | +€408 | +1.9% |
| Non-recurring operating charges | 66A | - | €16,526 | +€16,526 | |
| Gross operating margin | 9900 | €170,560 | €144,324 | -€26,235 | -15.4% |
| Operating profit (loss) | 9901 | €197,236 | €41,272 | -€155,964 | -79.1% |
| Financial income | 75/76B | €1 | €0 | -€1 | -87.5% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -87.5% |
| Financial charges | 65/66B | €50,734 | €39,185 | -€11,549 | -22.8% |
| Recurring financial charges | 65 | €50,734 | €39,185 | -€11,549 | -22.8% |
| Profit (loss) for the period before taxes | 9903 | €146,503 | €2,087 | -€144,415 | -98.6% |
| Income taxes | 67/77 | €32,544 | €5,847 | -€26,697 | -82.0% |
| Profit (loss) for the period | 9904 | €113,959 | -€3,760 | -€117,719 | |
| Profit (loss) for the period to be appropriated | 9905 | €113,959 | -€3,760 | -€117,719 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.