ISOLATION PIPING: 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.
ISOLATION PIPING
Largest movements
- Receivables within one year +€3,647
up €3,647 (+17.3%), from €21,133 to €24,780
of which Other amounts receivable: +€5,009
- Tangible fixed assets -€2,355
down €2,355 (-71.4%), from €3,296 to €942
- Profit (loss) carried forward +€1,463
up €1,463 (+8.8%), from €16,571 to €18,034
- Short-term financial debts -€1,369
down €1,369 (-69.5%), from €1,969 to €600
- Trade debts +€1,286
up €1,286 (+124%), from €1,035 to €2,321
- Gross operating margin -€6,583
down €6,583 (-63.6%), from €10,345 to €3,762
- Taxes -€3,536
down €3,536 (-87.3%), from €4,049 to €514
- Financial charges -€759
down €759 (-72.9%), from €1,041 to €282
- Financial income +€483
up €483 (+53.8%), from €898 to €1,381
- Other operating charges +€125
up €125 (+30.8%), from €405 to €530
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €24,429 | €25,722 | +€1,293 | +5.3% |
| Fixed assets | 21/28 | €3,296 | €942 | -€2,355 | -71.4% |
| Tangible fixed assets | 22/27 | €3,296 | €942 | -€2,355 | -71.4% |
| Furniture and vehicles | 24 | €3,296 | €942 | -€2,355 | -71.4% |
| Current assets | 29/58 | €21,133 | €24,780 | +€3,647 | +17.3% |
| Amounts receivable within one year | 40/41 | €21,133 | €24,780 | +€3,647 | +17.3% |
| Trade receivables | 40 | €5,460 | €4,099 | -€1,361 | -24.9% |
| Other amounts receivable | 41 | €15,673 | €20,682 | +€5,009 | +32.0% |
| Total equity and liabilities | 10/49 | €24,429 | €25,722 | +€1,293 | +5.3% |
| Equity | 10/15 | €16,571 | €18,034 | +€1,463 | +8.8% |
| Profit (loss) carried forward | 14 | €16,571 | €18,034 | +€1,463 | +8.8% |
| Amounts payable | 17/49 | €7,858 | €7,688 | -€170 | -2.2% |
| Amounts payable within one year | 42/48 | €7,858 | €7,688 | -€170 | -2.2% |
| Financial debts | 43 | €1,969 | €600 | -€1,369 | -69.5% |
| Credit institutions | 430/8 | €1,969 | €600 | -€1,369 | -69.5% |
| Trade debts | 44 | €1,035 | €2,321 | +€1,286 | +124% |
| Suppliers | 440/4 | €1,035 | €2,321 | +€1,286 | +124% |
| Taxes, remuneration and social security | 45 | €4,854 | €4,768 | -€86 | -1.8% |
| Taxes | 450/3 | €4,854 | €4,768 | -€86 | -1.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,355 | €2,355 | = | 0.0% |
| Other operating charges | 640/8 | €405 | €530 | +€125 | +30.8% |
| Gross operating margin | 9900 | €10,345 | €3,762 | -€6,583 | -63.6% |
| Operating profit (loss) | 9901 | €7,585 | €877 | -€6,708 | -88.4% |
| Financial income | 75/76B | €898 | €1,381 | +€483 | +53.8% |
| Recurring financial income | 75 | €898 | €1,381 | +€483 | +53.8% |
| Financial charges | 65/66B | €1,041 | €282 | -€759 | -72.9% |
| Recurring financial charges | 65 | €1,041 | €282 | -€759 | -72.9% |
| Profit (loss) for the period before taxes | 9903 | €7,443 | €1,977 | -€5,466 | -73.4% |
| Income taxes | 67/77 | €4,049 | €514 | -€3,536 | -87.3% |
| Profit (loss) for the period | 9904 | €3,393 | €1,463 | -€1,930 | -56.9% |
| Profit (loss) for the period to be appropriated | 9905 | €3,393 | €1,463 | -€1,930 | -56.9% |
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 18 October 2026 via checked.be.