ISOLETANCHE: 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.
ISOLETANCHE
Largest movements
- Receivables within one year -€25,215
down €25,215 (-12.5%), from €202,360 to €177,145
of which Other amounts receivable: -€30,499
- Cash +€20,135
up €20,135 (+24.2%), from €83,132 to €103,267
mainly Depreciation (+€51,642) and Receivables within one year (+€25,215)
- Tangible fixed assets -€15,897
down €15,897 (-2.7%), from €584,828 to €568,931
of which Plant, machinery and equipment: -€36,626
- Tax, wage and social debts -€16,368
down €16,368 (-57.4%), from €28,534 to €12,166
of which Taxes: -€20,402
- Profit (loss) carried forward -€9,165
down €9,165 (-7.2%), from €126,733 to €117,568
- Turnover -€434,647
no longer reported in 2025 (was €434,647)
- Purchases and services -€294,212
no longer reported in 2025 (was €294,212)
- Depreciation -€20,991
down €20,991 (-28.9%), from €72,633 to €51,642
- Gross operating margin +€11,992
up €11,992 (+8.5%), from €140,435 to €152,427
- Taxes -€10,651
down €10,651 (-93.2%), from €11,427 to €776
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
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 | €887,434 | €866,209 | -€21,225 | -2.4% |
| Fixed assets | 21/28 | €585,898 | €570,001 | -€15,897 | -2.7% |
| Tangible fixed assets | 22/27 | €584,828 | €568,931 | -€15,897 | -2.7% |
| Land and buildings | 22 | €490,921 | €490,921 | = | 0.0% |
| Plant, machinery and equipment | 23 | €70,305 | €33,679 | -€36,626 | -52.1% |
| Furniture and vehicles | 24 | €23,602 | €44,331 | +€20,729 | +87.8% |
| Financial fixed assets | 28 | €1,070 | €1,070 | = | 0.0% |
| Current assets | 29/58 | €301,536 | €296,208 | -€5,328 | -1.8% |
| Stocks and contracts in progress | 3 | €16,044 | €15,796 | -€248 | -1.5% |
| Stocks | 30/36 | €16,044 | €15,796 | -€248 | -1.5% |
| Amounts receivable within one year | 40/41 | €202,360 | €177,145 | -€25,215 | -12.5% |
| Trade receivables | 40 | €28,807 | €34,091 | +€5,284 | +18.3% |
| Other amounts receivable | 41 | €173,553 | €143,054 | -€30,499 | -17.6% |
| Cash at bank and in hand | 54/58 | €83,132 | €103,267 | +€20,135 | +24.2% |
| Total equity and liabilities | 10/49 | €887,434 | €866,209 | -€21,225 | -2.4% |
| Equity | 10/15 | €708,018 | €698,853 | -€9,165 | -1.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Revaluation surpluses | 12 | €418,481 | €418,481 | = | 0.0% |
| Reserves | 13 | €144,204 | €144,204 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Other | 1319 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €142,345 | €142,345 | = | 0.0% |
| Profit (loss) carried forward | 14 | €126,733 | €117,568 | -€9,165 | -7.2% |
| Amounts payable | 17/49 | €179,416 | €167,356 | -€12,060 | -6.7% |
| Amounts payable after more than one year | 17 | €102,789 | €102,372 | -€417 | -0.4% |
| Financial debts | 170/4 | €102,789 | €102,372 | -€417 | -0.4% |
| Amounts payable within one year | 42/48 | €76,627 | €64,984 | -€11,643 | -15.2% |
| Financial debts | 43 | €30,962 | €25,764 | -€5,198 | -16.8% |
| Credit institutions | 430/8 | €30,962 | €25,764 | -€5,198 | -16.8% |
| Trade debts | 44 | €17,131 | €24,366 | +€7,235 | +42.2% |
| Suppliers | 440/4 | €17,131 | €24,366 | +€7,235 | +42.2% |
| Advances received on contracts in progress | 46 | - | €2,688 | +€2,688 | |
| Taxes, remuneration and social security | 45 | €28,534 | €12,166 | -€16,368 | -57.4% |
| Taxes | 450/3 | €23,950 | €3,548 | -€20,402 | -85.2% |
| Remuneration and social security | 454/9 | €4,584 | €8,618 | +€4,034 | +88.0% |
| Turnover | 70 | €434,647 | - | -€434,647 | |
| Goods, raw materials, services and sundry goods | 60/61 | €294,212 | - | -€294,212 | |
| Remuneration, social security and pensions | 62 | €98,043 | €104,431 | +€6,388 | +6.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €72,633 | €51,642 | -€20,991 | -28.9% |
| Gross operating margin | 9900 | €140,435 | €152,427 | +€11,992 | +8.5% |
| Operating profit (loss) | 9901 | -€30,241 | -€3,646 | +€26,595 | +87.9% |
| Financial income | 75/76B | €2,138 | €18 | -€2,120 | -99.2% |
| Recurring financial income | 75 | €312 | €18 | -€294 | -94.2% |
| Non-recurring financial income | 76B | €1,826 | - | -€1,826 | |
| Financial charges | 65/66B | €9,172 | €4,761 | -€4,411 | -48.1% |
| Recurring financial charges | 65 | €9,172 | €4,761 | -€4,411 | -48.1% |
| Profit (loss) for the period before taxes | 9903 | -€37,275 | -€8,389 | +€28,886 | +77.5% |
| Income taxes | 67/77 | €11,427 | €776 | -€10,651 | -93.2% |
| Profit (loss) for the period | 9904 | -€48,702 | -€9,165 | +€39,537 | +81.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€48,702 | -€9,165 | +€39,537 | +81.2% |
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 15 October 2026 via checked.be.