ISOLUX: 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.
ISOLUX
Largest movements
- Receivables within one year -€85,982
down €85,982 (-13.5%), from €637,715 to €551,733
of which Trade receivables: -€86,096
- Cash -€14,195
down €14,195 (-96.3%), from €14,734 to €539
mainly Trade debts (-€96,707) and Other debts (-€1,946)
- Trade debts -€96,707
down €96,707 (-100%), from €96,707 to €0
- Gross operating margin -€60,441
down €60,441, from €58,905 to -€1,536
- Write-downs -€46,231
down €46,231 (-100%), from €46,231 to €0
- Financial charges -€6,103
down €6,103 (-99.1%), from €6,158 to €55
- Staff costs -€3,336
down €3,336 (-96.7%), from €3,451 to €115
- Taxes -€2,765
down €2,765 (-100%), from €2,765 to €0
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 | €669,198 | €569,021 | -€100,177 | -15.0% |
| Fixed assets | 21/28 | €12,090 | €12,090 | = | 0.0% |
| Tangible fixed assets | 22/27 | €0 | - | = | |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Financial fixed assets | 28 | €12,090 | €12,090 | = | 0.0% |
| Current assets | 29/58 | €657,108 | €556,931 | -€100,177 | -15.2% |
| Stocks and contracts in progress | 3 | €4,659 | €4,659 | = | 0.0% |
| Stocks | 30/36 | €4,659 | €4,659 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €637,715 | €551,733 | -€85,982 | -13.5% |
| Trade receivables | 40 | €637,105 | €551,009 | -€86,096 | -13.5% |
| Other amounts receivable | 41 | €610 | €725 | +€114 | +18.7% |
| Cash at bank and in hand | 54/58 | €14,734 | €539 | -€14,195 | -96.3% |
| Total equity and liabilities | 10/49 | €669,198 | €569,021 | -€100,177 | -15.0% |
| Equity | 10/15 | €324,381 | €322,858 | -€1,524 | -0.5% |
| Contributions | 10/11 | €350,000 | €350,000 | = | 0.0% |
| Capital | 10 | €350,000 | €350,000 | = | 0.0% |
| Issued capital | 100 | €350,000 | €350,000 | = | 0.0% |
| Reserves | 13 | €96,942 | €96,942 | = | 0.0% |
| Non-distributable reserves | 130/1 | €35,000 | €35,000 | = | 0.0% |
| Legal reserve | 130 | €35,000 | €35,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €17,679 | €17,679 | = | 0.0% |
| Distributable reserves | 133 | €44,263 | €44,263 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€122,561 | -€124,085 | -€1,524 | -1.2% |
| Amounts payable | 17/49 | €344,816 | €246,164 | -€98,653 | -28.6% |
| Amounts payable within one year | 42/48 | €344,816 | €246,164 | -€98,653 | -28.6% |
| Trade debts | 44 | €96,707 | €0 | -€96,707 | -100% |
| Suppliers | 440/4 | €96,707 | €0 | -€96,707 | -100% |
| Taxes, remuneration and social security | 45 | €5,397 | €5,397 | = | 0.0% |
| Taxes | 450/3 | €5,397 | €5,397 | = | 0.0% |
| Other amounts payable | 47/48 | €242,713 | €240,767 | -€1,946 | -0.8% |
| Remuneration, social security and pensions | 62 | €3,451 | €115 | -€3,336 | -96.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34 | €0 | -€34 | -100% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €46,231 | €0 | -€46,231 | -100% |
| Other operating charges | 640/8 | €672 | €569 | -€103 | -15.3% |
| Gross operating margin | 9900 | €58,905 | -€1,536 | -€60,441 | |
| Operating profit (loss) | 9901 | €8,517 | -€2,220 | -€10,737 | |
| Financial income | 75/76B | €206 | €751 | +€545 | +264% |
| Recurring financial income | 75 | €206 | €751 | +€545 | +264% |
| Financial charges | 65/66B | €6,158 | €55 | -€6,103 | -99.1% |
| Recurring financial charges | 65 | €6,158 | €55 | -€6,103 | -99.1% |
| Profit (loss) for the period before taxes | 9903 | €2,565 | -€1,524 | -€4,089 | |
| Income taxes | 67/77 | €2,765 | €0 | -€2,765 | -100% |
| Profit (loss) for the period | 9904 | -€200 | -€1,524 | -€1,324 | -662% |
| Profit (loss) for the period to be appropriated | 9905 | -€200 | -€1,524 | -€1,324 | -662% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.