ISOLBLOW: 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.
ISOLBLOW
Largest movements
- Receivables within one year +€164,104
up €164,104 (+62.9%), from €260,769 to €424,873
of which Trade receivables: +€130,287
- Tangible fixed assets +€112,596
up €112,596 (+44.4%), from €253,341 to €365,936
of which Other tangible fixed assets: +€61,180
- Cash +€28,515
up €28,515 (+3.9%), from €723,970 to €752,485
mainly Net result for the year (+€364,599) and Debts after one year (+€119,431)
- Stocks and contracts -€27,761
down €27,761 (-15.1%), from €184,283 to €156,522
of which Stocks: -€18,330
- Deferred charges and accrued income -€26,462
down €26,462 (-73.4%), from €36,043 to €9,581
- Debts after one year +€119,431
up €119,431 (+151.4%), from €78,898 to €198,329
- Reserves +€114,599
up €114,599 (+17.7%), from €647,933 to €762,532
- Other debts +€100,100
up €100,100 (+66.7%), from €150,000 to €250,100
- Advances received -€48,501
down €48,501 (-100.0%), from €48,501 to €0
- Trade debts -€46,778
down €46,778 (-15.0%), from €311,204 to €264,425
- Staff costs -€97,752
down €97,752 (-15.3%), from €639,280 to €541,528
- Other operating charges +€26,294
up €26,294 (+136.2%), from €19,307 to €45,601
- Taxes +€15,314
up €15,314 (+13.8%), from €111,115 to €126,429
- Depreciation +€12,233
up €12,233 (+12.3%), from €99,821 to €112,054
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 | €1,465,726 | €1,721,833 | +€256,107 | +17.5% |
| Fixed assets | 21/28 | €260,662 | €378,373 | +€117,711 | +45.2% |
| Intangible fixed assets | 21 | €6,551 | €9,266 | +€2,715 | +41.4% |
| Tangible fixed assets | 22/27 | €253,341 | €365,936 | +€112,596 | +44.4% |
| Plant, machinery and equipment | 23 | €46,438 | €47,380 | +€942 | +2.0% |
| Furniture and vehicles | 24 | €88,785 | €82,906 | -€5,879 | -6.6% |
| Leasing and similar rights | 25 | €105,391 | €161,744 | +€56,353 | +53.5% |
| Other tangible fixed assets | 26 | €12,726 | €73,906 | +€61,180 | +480.8% |
| Financial fixed assets | 28 | €770 | €3,170 | +€2,400 | +311.7% |
| Current assets | 29/58 | €1,205,064 | €1,343,460 | +€138,396 | +11.5% |
| Stocks and contracts in progress | 3 | €184,283 | €156,522 | -€27,761 | -15.1% |
| Stocks | 30/36 | €147,344 | €129,014 | -€18,330 | -12.4% |
| Contracts in progress | 37 | €36,939 | €27,508 | -€9,430 | -25.5% |
| Amounts receivable within one year | 40/41 | €260,769 | €424,873 | +€164,104 | +62.9% |
| Trade receivables | 40 | €222,613 | €352,900 | +€130,287 | +58.5% |
| Other amounts receivable | 41 | €38,156 | €71,972 | +€33,816 | +88.6% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €723,970 | €752,485 | +€28,515 | +3.9% |
| Deferred charges and accrued income | 490/1 | €36,043 | €9,581 | -€26,462 | -73.4% |
| Total equity and liabilities | 10/49 | €1,465,726 | €1,721,833 | +€256,107 | +17.5% |
| Equity | 10/15 | €654,333 | €768,932 | +€114,599 | +17.5% |
| Contributions | 10/11 | €6,400 | €6,400 | = | 0.0% |
| Reserves | 13 | €647,933 | €762,532 | +€114,599 | +17.7% |
| Distributable reserves | 133 | €647,933 | €762,532 | +€114,599 | +17.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €49,538 | €49,538 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €49,538 | €49,538 | = | 0.0% |
| Other liabilities and charges | 164/5 | €49,538 | €49,538 | = | 0.0% |
| Amounts payable | 17/49 | €761,855 | €903,363 | +€141,508 | +18.6% |
| Amounts payable after more than one year | 17 | €78,898 | €198,329 | +€119,431 | +151.4% |
| Financial debts | 170/4 | €78,898 | €198,329 | +€119,431 | +151.4% |
| Amounts payable within one year | 42/48 | €682,958 | €700,150 | +€17,193 | +2.5% |
| Current portion of amounts payable after more than one year | 42 | €63,525 | €84,784 | +€21,259 | +33.5% |
| Financial debts | 43 | €34,003 | €33,932 | -€71 | -0.2% |
| Credit institutions | 430/8 | €34,003 | €33,932 | -€71 | -0.2% |
| Trade debts | 44 | €311,204 | €264,425 | -€46,778 | -15.0% |
| Suppliers | 440/4 | €311,204 | €264,425 | -€46,778 | -15.0% |
| Advances received on contracts in progress | 46 | €48,501 | €0 | -€48,501 | -100.0% |
| Taxes, remuneration and social security | 45 | €75,725 | €66,909 | -€8,816 | -11.6% |
| Taxes | 450/3 | €17,735 | €38,180 | +€20,445 | +115.3% |
| Remuneration and social security | 454/9 | €57,990 | €28,729 | -€29,261 | -50.5% |
| Other amounts payable | 47/48 | €150,000 | €250,100 | +€100,100 | +66.7% |
| Accrued charges and deferred income | 492/3 | - | €4,884 | +€4,884 | |
| Remuneration, social security and pensions | 62 | €639,280 | €541,528 | -€97,752 | -15.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €99,821 | €112,054 | +€12,233 | +12.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €19,307 | €45,601 | +€26,294 | +136.2% |
| Non-recurring operating charges | 66A | €4,889 | €0 | -€4,889 | -100.0% |
| Gross operating margin | 9900 | €1,193,665 | €1,205,234 | +€11,569 | +1.0% |
| Operating profit (loss) | 9901 | €430,369 | €506,051 | +€75,682 | +17.6% |
| Financial income | 75/76B | €8,824 | €580 | -€8,245 | -93.4% |
| Recurring financial income | 75 | €8,824 | €580 | -€8,245 | -93.4% |
| Financial charges | 65/66B | €12,364 | €15,603 | +€3,239 | +26.2% |
| Recurring financial charges | 65 | €12,364 | €15,603 | +€3,239 | +26.2% |
| Profit (loss) for the period before taxes | 9903 | €426,830 | €491,028 | +€64,198 | +15.0% |
| Income taxes | 67/77 | €111,115 | €126,429 | +€15,314 | +13.8% |
| Profit (loss) for the period | 9904 | €315,715 | €364,599 | +€48,884 | +15.5% |
| Profit (loss) for the period to be appropriated | 9905 | €315,715 | €364,599 | +€48,884 | +15.5% |
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 12 October 2026 via checked.be.