Isolair: 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.
Isolair
Largest movements
- Cash +€359,593
up €359,593 (+1083.9%), from €33,177 to €392,769
mainly Trade debts (+€381,330) and Depreciation (+€73,631)
- Tangible fixed assets -€125,276
down €125,276 (-46.0%), from €272,146 to €146,870
of which Furniture and vehicles: -€97,398
- Receivables within one year +€92,912
up €92,912 (+22.5%), from €413,727 to €506,638
of which Trade receivables: +€117,449
- Deferred charges and accrued income -€14,818
down €14,818 (-78.6%), from €18,854 to €4,036
- Trade debts +€381,330
up €381,330 (+104.0%), from €366,494 to €747,824
- Debts after one year -€68,879
down €68,879 (-59.8%), from €115,165 to €46,286
- Gross operating margin +€168,707
up €168,707 (+55.9%), from €301,736 to €470,443
- Staff costs -€62,892
down €62,892 (-14.4%), from €436,947 to €374,056
- Depreciation -€13,919
down €13,919 (-15.9%), from €87,549 to €73,631
- Financial charges -€13,143
down €13,143 (-32.1%), from €40,962 to €27,819
- Other operating charges +€6,361
up €6,361 (+81.8%), from €7,774 to €14,135
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 | €779,160 | €1,100,937 | +€321,776 | +41.3% |
| Fixed assets | 21/28 | €272,198 | €146,870 | -€125,328 | -46.0% |
| Intangible fixed assets | 21 | €52 | €0 | -€52 | -100.0% |
| Tangible fixed assets | 22/27 | €272,146 | €146,870 | -€125,276 | -46.0% |
| Plant, machinery and equipment | 23 | €35,174 | €18,350 | -€16,824 | -47.8% |
| Furniture and vehicles | 24 | €224,148 | €126,750 | -€97,398 | -43.5% |
| Other tangible fixed assets | 26 | €12,824 | €1,770 | -€11,054 | -86.2% |
| Current assets | 29/58 | €506,962 | €954,067 | +€447,104 | +88.2% |
| Stocks and contracts in progress | 3 | €41,205 | €50,623 | +€9,418 | +22.9% |
| Stocks | 30/36 | €41,205 | €50,623 | +€9,418 | +22.9% |
| Amounts receivable within one year | 40/41 | €413,727 | €506,638 | +€92,912 | +22.5% |
| Trade receivables | 40 | €214,857 | €332,306 | +€117,449 | +54.7% |
| Other amounts receivable | 41 | €198,870 | €174,333 | -€24,537 | -12.3% |
| Cash at bank and in hand | 54/58 | €33,177 | €392,769 | +€359,593 | +1083.9% |
| Deferred charges and accrued income | 490/1 | €18,854 | €4,036 | -€14,818 | -78.6% |
| Total equity and liabilities | 10/49 | €779,160 | €1,100,937 | +€321,776 | +41.3% |
| Equity | 10/15 | €164,498 | €168,952 | +€4,453 | +2.7% |
| Contributions | 10/11 | €69,000 | €69,000 | = | 0.0% |
| Reserves | 13 | €95,498 | €99,952 | +€4,453 | +4.7% |
| Non-distributable reserves | 130/1 | €3,600 | €3,600 | = | 0.0% |
| Other | 1319 | €3,600 | €3,600 | = | 0.0% |
| Distributable reserves | 133 | €91,898 | €96,352 | +€4,453 | +4.8% |
| Investment grants | 15 | €0 | - | = | |
| Amounts payable | 17/49 | €614,662 | €931,985 | +€317,323 | +51.6% |
| Amounts payable after more than one year | 17 | €115,165 | €46,286 | -€68,879 | -59.8% |
| Financial debts | 170/4 | €115,165 | €46,286 | -€68,879 | -59.8% |
| Amounts payable within one year | 42/48 | €499,497 | €885,699 | +€386,202 | +77.3% |
| Current portion of amounts payable after more than one year | 42 | €91,963 | €95,947 | +€3,983 | +4.3% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €366,494 | €747,824 | +€381,330 | +104.0% |
| Suppliers | 440/4 | €366,494 | €747,824 | +€381,330 | +104.0% |
| Advances received on contracts in progress | 46 | - | €1,304 | +€1,304 | |
| Taxes, remuneration and social security | 45 | €41,040 | €40,626 | -€415 | -1.0% |
| Taxes | 450/3 | €13,810 | €664 | -€13,146 | -95.2% |
| Remuneration and social security | 454/9 | €27,231 | €39,962 | +€12,731 | +46.8% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Non-recurring operating income | 76A | €168 | €10,000 | +€9,832 | +5845.3% |
| Remuneration, social security and pensions | 62 | €436,947 | €374,056 | -€62,892 | -14.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €87,549 | €73,631 | -€13,919 | -15.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€2,328 | €0 | +€2,328 | |
| Other operating charges | 640/8 | €7,774 | €14,135 | +€6,361 | +81.8% |
| Non-recurring operating charges | 66A | €5,524 | €0 | -€5,524 | -100.0% |
| Gross operating margin | 9900 | €301,736 | €470,443 | +€168,707 | +55.9% |
| Operating profit (loss) | 9901 | -€233,732 | €8,622 | +€242,353 | |
| Financial income | 75/76B | €20,313 | €24,314 | +€4,001 | +19.7% |
| Recurring financial income | 75 | €20,313 | €24,314 | +€4,001 | +19.7% |
| Financial charges | 65/66B | €40,962 | €27,819 | -€13,143 | -32.1% |
| Recurring financial charges | 65 | €40,962 | €27,819 | -€13,143 | -32.1% |
| Profit (loss) for the period before taxes | 9903 | -€254,380 | €5,117 | +€259,498 | |
| Income taxes | 67/77 | €675 | €664 | -€11 | -1.7% |
| Profit (loss) for the period | 9904 | -€255,056 | €4,453 | +€259,509 | |
| Profit (loss) for the period to be appropriated | 9905 | -€255,056 | €4,453 | +€259,509 |
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 11 October 2026 via checked.be.