ISOLANO: 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
ISOLANO
NACE 46.471, Wholesale trade
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€23,391
2024 · -€5,421+€28,813
Equity
€1.0m
2024 · €1.0m+€23,391
Cash
€335,322
2024 · €29,113+€306,209
Balance sheet total
€8.1m
2024 · €7.8m+€374,053
Largest movements
Assets
- Cash +€306,209
up €306,209 (+1,052%), from €29,113 to €335,322
mainly Trade debts (+€475,582) and Depreciation (+€151,906)
- Tangible fixed assets -€148,786
down €148,786 (-17.4%), from €856,210 to €707,425
of which Land and buildings: -€92,879
- Stocks and contracts +€110,313
up €110,313 (+3.1%), from €3.6m to €3.7m
- Receivables within one year +€107,942
up €107,942 (+3.3%), from €3.3m to €3.4m
of which Trade receivables: +€113,606
Equity and liabilities
- Trade debts +€475,582
up €475,582 (+8.5%), from €5.6m to €6.1m
- Debts after one year -€108,347
down €108,347 (-100%), from €108,347 to €0
Income statement
- Financial income +€105,166
up €105,166 (+200%), from €52,611 to €157,777
- Financial charges +€103,402
up €103,402 (+153%), from €67,789 to €171,191
- Gross operating margin +€29,189
up €29,189 (+11.1%), from €262,567 to €291,757
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
-€5,421
Gross operating margin
+€29,189
Staff costs
-€2,559
Depreciation
-€98
Other operating charges
+€1,426
Financial income
+€105,166
Financial charges
-€103,402
Taxes
-€909
Result 2025
€23,391
raises the resultlowers the result
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.
From operations
+€448,827
Investment
€0
Financing
-€142,618
Cash 2024
€29,113
From operations (derived)
+€448,827
Net result for the year
+€23,391
Depreciation
+€151,906
Stocks and contracts
-€110,313
Receivables within one year
-€107,942
Deferred charges and accrued income
-€1,494
Provisions
-€165
Trade debts
+€475,582
Tax, wage and social debts
+€4,004
Other debts
+€12,454
Accrued charges and deferred income
+€1,404
Financing
-€142,618
Debts after one year
-€108,347
Current portion of long-term debt
-€34,271
Cash 2025
€335,322
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,762,344 | €8,136,396 | +€374,053 | +4.8% |
| Fixed assets | 21/28 | €868,306 | €716,401 | -€151,906 | -17.5% |
| Intangible fixed assets | 21 | €5,676 | €2,556 | -€3,120 | -55.0% |
| Tangible fixed assets | 22/27 | €856,210 | €707,425 | -€148,786 | -17.4% |
| Land and buildings | 22 | €702,739 | €609,860 | -€92,879 | -13.2% |
| Plant, machinery and equipment | 23 | €15,674 | €10,442 | -€5,231 | -33.4% |
| Furniture and vehicles | 24 | €137,798 | €87,122 | -€50,675 | -36.8% |
| Financial fixed assets | 28 | €6,420 | €6,420 | = | 0.0% |
| Current assets | 29/58 | €6,894,037 | €7,419,996 | +€525,958 | +7.6% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Stocks and contracts in progress | 3 | €3,601,962 | €3,712,276 | +€110,313 | +3.1% |
| Stocks | 30/36 | €3,601,962 | €3,712,276 | +€110,313 | +3.1% |
| Amounts receivable within one year | 40/41 | €3,256,333 | €3,364,275 | +€107,942 | +3.3% |
| Trade receivables | 40 | €3,235,644 | €3,349,250 | +€113,606 | +3.5% |
| Other amounts receivable | 41 | €20,689 | €15,025 | -€5,664 | -27.4% |
| Cash at bank and in hand | 54/58 | €29,113 | €335,322 | +€306,209 | +1,052% |
| Deferred charges and accrued income | 490/1 | €6,629 | €8,123 | +€1,494 | +22.5% |
| Total equity and liabilities | 10/49 | €7,762,344 | €8,136,396 | +€374,053 | +4.8% |
| Equity | 10/15 | €1,005,834 | €1,029,225 | +€23,391 | +2.3% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Revaluation surpluses | 12 | €3,206 | €3,206 | = | 0.0% |
| Reserves | 13 | €941,128 | €964,520 | +€23,391 | +2.5% |
| Non-distributable reserves | 130/1 | €14,625 | €14,625 | = | 0.0% |
| Legal reserve | 130 | €14,625 | €14,625 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,317 | €656 | -€661 | -50.2% |
| Distributable reserves | 133 | €925,186 | €949,239 | +€24,053 | +2.6% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Provisions and deferred taxes | 16 | €329 | €164 | -€165 | -50.2% |
| Deferred taxes | 168 | €329 | €164 | -€165 | -50.2% |
| Amounts payable | 17/49 | €6,756,180 | €7,107,007 | +€350,827 | +5.2% |
| Amounts payable after more than one year | 17 | €108,347 | €0 | -€108,347 | -100% |
| Financial debts | 170/4 | €108,347 | €0 | -€108,347 | -100% |
| Amounts payable within one year | 42/48 | €6,645,225 | €7,102,994 | +€457,769 | +6.9% |
| Current portion of amounts payable after more than one year | 42 | €142,618 | €108,347 | -€34,271 | -24.0% |
| Trade debts | 44 | €5,614,132 | €6,089,714 | +€475,582 | +8.5% |
| Suppliers | 440/4 | €5,614,132 | €6,089,714 | +€475,582 | +8.5% |
| Advances received on contracts in progress | 46 | €439 | €439 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €67,309 | €71,313 | +€4,004 | +5.9% |
| Taxes | 450/3 | €54,148 | €57,790 | +€3,642 | +6.7% |
| Remuneration and social security | 454/9 | €13,161 | €13,523 | +€362 | +2.8% |
| Other amounts payable | 47/48 | €820,728 | €833,182 | +€12,454 | +1.5% |
| Accrued charges and deferred income | 492/3 | €2,609 | €4,013 | +€1,404 | +53.8% |
| Non-recurring operating income | 76A | - | €27,534 | +€27,534 | |
| Remuneration, social security and pensions | 62 | €76,735 | €79,294 | +€2,559 | +3.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €151,807 | €151,906 | +€98 | +0.1% |
| Other operating charges | 640/8 | €18,352 | €16,927 | -€1,426 | -7.8% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €262,567 | €291,757 | +€29,189 | +11.1% |
| Operating profit (loss) | 9901 | €15,673 | €43,630 | +€27,958 | +178% |
| Financial income | 75/76B | €52,611 | €157,777 | +€105,166 | +200% |
| Recurring financial income | 75 | €52,611 | €157,777 | +€105,166 | +200% |
| Financial charges | 65/66B | €67,789 | €171,191 | +€103,402 | +153% |
| Recurring financial charges | 65 | €67,789 | €171,191 | +€103,402 | +153% |
| Profit (loss) for the period before taxes | 9903 | €494 | €30,216 | +€29,722 | +6,011% |
| Transfer from deferred taxes | 780 | €165 | €165 | = | 0.0% |
| Income taxes | 67/77 | €6,081 | €6,990 | +€909 | +15.0% |
| Profit (loss) for the period | 9904 | -€5,421 | €23,391 | +€28,813 | |
| Transfer from tax-exempt reserves | 789 | €661 | €661 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,760 | €24,053 | +€28,813 |
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 14 October 2026 via checked.be.