ISOLEXPERTISE: what changed
ISOLEXPERTISE
Largest movements
- Receivables within one year +€165,884
up €165,884 (+77.6%), from €213,793 to €379,677
of which Trade receivables: +€121,351
- Cash +€60,462
up €60,462 (+28.3%), from €213,391 to €273,853
mainly Advances received (+€77,647) and Net result for the year (+€48,265)
- Stocks and contracts -€22,011
down €22,011 (-26.2%), from €83,910 to €61,899
- Deferred charges and accrued income +€9,306
new in 2025: €9,306
- Tangible fixed assets -€8,656
down €8,656 (-12.6%), from €68,950 to €60,294
- Advances received +€77,647
up €77,647 (+18.0%), from €430,749 to €508,396
- Reserves +€48,182
new in 2025: €48,182
- Tax, wage and social debts +€44,542
up €44,542 (+165%), from €26,919 to €71,461
of which Remuneration and social security: +€23,383
- Trade debts +€29,141
up €29,141 (+34.7%), from €83,916 to €113,057
- Gross operating margin +€102,166
up €102,166 (+62.1%), from €164,564 to €266,730
- Staff costs +€76,522
up €76,522 (+81.1%), from €94,412 to €170,934
- Financial income +€9,298
up €9,298 (+61,987%), from €15 to €9,313
- Depreciation +€7,818
up €7,818 (+38.9%), from €20,113 to €27,931
- Taxes +€5,039
up €5,039 (+36.1%), from €13,963 to €19,002
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €592,494 | €800,029 | +€207,535 | +35.0% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €81,400 | €75,294 | -€6,106 | -7.5% |
| Tangible fixed assets | 22/27 | €68,950 | €60,294 | -€8,656 | -12.6% |
| Furniture and vehicles | 24 | €68,950 | €60,294 | -€8,656 | -12.6% |
| Financial fixed assets | 28 | €12,450 | €15,000 | +€2,550 | +20.5% |
| Current assets | 29/58 | €511,094 | €724,735 | +€213,641 | +41.8% |
| Stocks and contracts in progress | 3 | €83,910 | €61,899 | -€22,011 | -26.2% |
| Stocks | 30/36 | €83,910 | €61,899 | -€22,011 | -26.2% |
| Amounts receivable within one year | 40/41 | €213,793 | €379,677 | +€165,884 | +77.6% |
| Trade receivables | 40 | €101,283 | €222,634 | +€121,351 | +120% |
| Other amounts receivable | 41 | €112,510 | €157,043 | +€44,533 | +39.6% |
| Cash at bank and in hand | 54/58 | €213,391 | €273,853 | +€60,462 | +28.3% |
| Deferred charges and accrued income | 490/1 | - | €9,306 | +€9,306 | |
| Total equity and liabilities | 10/49 | €592,494 | €800,029 | +€207,535 | +35.0% |
| Equity | 10/15 | €50,910 | €99,175 | +€48,265 | +94.8% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | - | €48,182 | +€48,182 | |
| Distributable reserves | 133 | - | €48,182 | +€48,182 | |
| Profit (loss) carried forward | 14 | €30,910 | €30,993 | +€83 | +0.3% |
| Amounts payable | 17/49 | €541,584 | €700,854 | +€159,270 | +29.4% |
| Amounts payable within one year | 42/48 | €541,584 | €700,854 | +€159,270 | +29.4% |
| Financial debts | 43 | - | €6,000 | +€6,000 | |
| Other loans | 439 | - | €6,000 | +€6,000 | |
| Trade debts | 44 | €83,916 | €113,057 | +€29,141 | +34.7% |
| Suppliers | 440/4 | €83,916 | €113,057 | +€29,141 | +34.7% |
| Advances received on contracts in progress | 46 | €430,749 | €508,396 | +€77,647 | +18.0% |
| Taxes, remuneration and social security | 45 | €26,919 | €71,461 | +€44,542 | +165% |
| Taxes | 450/3 | €13,963 | €35,123 | +€21,160 | +152% |
| Remuneration and social security | 454/9 | €12,955 | €36,338 | +€23,383 | +180% |
| Other amounts payable | 47/48 | - | €1,940 | +€1,940 | |
| Remuneration, social security and pensions | 62 | €94,412 | €170,934 | +€76,522 | +81.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,113 | €27,931 | +€7,818 | +38.9% |
| Other operating charges | 640/8 | €4,906 | €9,486 | +€4,580 | +93.3% |
| Gross operating margin | 9900 | €164,564 | €266,730 | +€102,166 | +62.1% |
| Operating profit (loss) | 9901 | €45,133 | €58,379 | +€13,246 | +29.3% |
| Financial income | 75/76B | €15 | €9,313 | +€9,298 | +61,987% |
| Recurring financial income | 75 | €15 | €9,313 | +€9,298 | +61,987% |
| Financial charges | 65/66B | €275 | €425 | +€150 | +54.4% |
| Recurring financial charges | 65 | €275 | €425 | +€150 | +54.4% |
| Profit (loss) for the period before taxes | 9903 | €44,873 | €67,267 | +€22,394 | +49.9% |
| Income taxes | 67/77 | €13,963 | €19,002 | +€5,039 | +36.1% |
| Profit (loss) for the period | 9904 | €30,910 | €48,265 | +€17,355 | +56.1% |
| Profit (loss) for the period to be appropriated | 9905 | €30,910 | €48,265 | +€17,355 | +56.1% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.