ISOLOGIS: 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.
ISOLOGIS
Largest movements
- Cash +€89,338
up €89,338 (+520%), from €17,193 to €106,531
mainly Net result for the year (+€55,974) and Depreciation (+€51,702)
- Tangible fixed assets +€45,475
up €45,475 (+29.2%), from €155,672 to €201,147
of which Leasing and similar rights: +€51,737
- Investment grants +€55,165
new in 2025: €55,165
- Reserves +€40,980
up €40,980 (+33.6%), from €122,028 to €163,008
- Debts after one year +€32,858
up €32,858 (+47.7%), from €68,954 to €101,812
- Current portion of long-term debt +€8,719
up €8,719 (+26.5%), from €32,854 to €41,573
- Tax, wage and social debts -€5,311
down €5,311 (-31.8%), from €16,704 to €11,393
of which Taxes: -€5,311
- Financial income +€27,116
up €27,116 (+382%), from €7,101 to €34,217
- Depreciation +€16,369
up €16,369 (+46.3%), from €35,333 to €51,702
- Gross operating margin -€8,187
down €8,187 (-6.9%), from €118,555 to €110,368
- Taxes -€5,907
down €5,907 (-32.2%), from €18,371 to €12,465
- Financial charges +€5,491
up €5,491 (+33.2%), from €16,562 to €22,053
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 | €269,963 | €398,654 | +€128,691 | +47.7% |
| Fixed assets | 21/28 | €155,807 | €201,282 | +€45,475 | +29.2% |
| Tangible fixed assets | 22/27 | €155,672 | €201,147 | +€45,475 | +29.2% |
| Plant, machinery and equipment | 23 | €58,365 | €72,883 | +€14,518 | +24.9% |
| Furniture and vehicles | 24 | €97,307 | €76,527 | -€20,780 | -21.4% |
| Leasing and similar rights | 25 | - | €51,737 | +€51,737 | |
| Financial fixed assets | 28 | €135 | €135 | = | 0.0% |
| Current assets | 29/58 | €114,156 | €197,372 | +€83,216 | +72.9% |
| Stocks and contracts in progress | 3 | €39,717 | €37,674 | -€2,042 | -5.1% |
| Stocks | 30/36 | €39,717 | €37,674 | -€2,042 | -5.1% |
| Amounts receivable within one year | 40/41 | €52,038 | €48,195 | -€3,842 | -7.4% |
| Trade receivables | 40 | €20,757 | €8,668 | -€12,089 | -58.2% |
| Other amounts receivable | 41 | €31,281 | €39,528 | +€8,246 | +26.4% |
| Cash at bank and in hand | 54/58 | €17,193 | €106,531 | +€89,338 | +520% |
| Deferred charges and accrued income | 490/1 | €5,208 | €4,971 | -€237 | -4.6% |
| Total equity and liabilities | 10/49 | €269,963 | €398,654 | +€128,691 | +47.7% |
| Equity | 10/15 | €134,428 | €230,573 | +€96,145 | +71.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €122,028 | €163,008 | +€40,980 | +33.6% |
| Distributable reserves | 133 | €122,028 | €163,008 | +€40,980 | +33.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Investment grants | 15 | - | €55,165 | +€55,165 | |
| Amounts payable | 17/49 | €135,535 | €168,081 | +€32,547 | +24.0% |
| Amounts payable after more than one year | 17 | €68,954 | €101,812 | +€32,858 | +47.7% |
| Financial debts | 170/4 | €68,954 | €101,812 | +€32,858 | +47.7% |
| Amounts payable within one year | 42/48 | €66,532 | €66,220 | -€311 | -0.5% |
| Current portion of amounts payable after more than one year | 42 | €32,854 | €41,573 | +€8,719 | +26.5% |
| Trade debts | 44 | €16,974 | €13,254 | -€3,720 | -21.9% |
| Suppliers | 440/4 | €16,974 | €13,254 | -€3,720 | -21.9% |
| Taxes, remuneration and social security | 45 | €16,704 | €11,393 | -€5,311 | -31.8% |
| Taxes | 450/3 | €16,704 | €11,393 | -€5,311 | -31.8% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €49 | €49 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €1,445 | €620 | -€826 | -57.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,333 | €51,702 | +€16,369 | +46.3% |
| Other operating charges | 640/8 | €3,600 | €1,771 | -€1,829 | -50.8% |
| Gross operating margin | 9900 | €118,555 | €110,368 | -€8,187 | -6.9% |
| Operating profit (loss) | 9901 | €78,177 | €56,275 | -€21,902 | -28.0% |
| Financial income | 75/76B | €7,101 | €34,217 | +€27,116 | +382% |
| Recurring financial income | 75 | €7,101 | €34,217 | +€27,116 | +382% |
| Financial charges | 65/66B | €16,562 | €22,053 | +€5,491 | +33.2% |
| Recurring financial charges | 65 | €16,562 | €22,053 | +€5,491 | +33.2% |
| Profit (loss) for the period before taxes | 9903 | €68,716 | €68,439 | -€277 | -0.4% |
| Income taxes | 67/77 | €18,371 | €12,465 | -€5,907 | -32.2% |
| Profit (loss) for the period | 9904 | €50,345 | €55,974 | +€5,629 | +11.2% |
| Profit (loss) for the period to be appropriated | 9905 | €50,345 | €55,974 | +€5,629 | +11.2% |
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 19 October 2026 via checked.be.