isomasters: what changed
Two fiscal 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.
What changed
isomasters
NACE 20.160, Manufacture of chemicals and chemical products
fiscal year 2023 against 2024filed annual accounts (NBB)
Net result for the year
-€887,288
2023 · €20,975-€908,262
Equity
€2.4m
2023 · €3.3m-€887,288
Cash
€38,351
2023 · €9,114+€29,236
Balance sheet total
€9.1m
2023 · €9.2m-€177,907
Largest movements
Assets
- Receivables within one year -€554,692
down €554,692 (-18.5%), from €3.0m to €2.4m
of which Trade receivables: -€550,554
- Stocks and contracts +€476,084
up €476,084 (+15.1%), from €3.1m to €3.6m
- Tangible fixed assets -€173,258
down €173,258 (-5.8%), from €3.0m to €2.8m
of which Assets under construction and advance payments: -€206,667
Equity and liabilities
- Short-term financial debts +€1.2m
up €1.2m (+62.8%), from €1.8m to €3.0m
of which Other loans: +€1.2m
- Reserves -€887,288
down €887,288 (-38.5%), from €2.3m to €1.4m
of which Distributable reserves: -€887,288
- Trade debts -€499,636
down €499,636 (-17.0%), from €2.9m to €2.4m
- Advances received +€264,122
up €264,122 (+412.7%), from €64,002 to €328,124
- Tax, wage and social debts -€120,782
down €120,782 (-12.5%), from €962,825 to €842,043
of which Remuneration and social security: -€72,984
Income statement
- Staff costs +€525,382
up €525,382 (+6.9%), from €7.7m to €8.2m
- Goods and materials +€416,530
up €416,530 (+3.0%), from €13.8m to €14.2m
of which Purchases: +€2.1m
From the 2023 result to the 2024 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.
Result 2023
€20,975
Turnover
-€91,756
Other operating income
-€176,408
Goods and materials
-€416,530
Services and other goods
-€224,065
Staff costs
-€525,382
Depreciation
-€102,135
Write-downs
+€240,664
Provisions
+€117,597
Other operating charges
-€64,891
Other operating items
+€308,724
Financial income
+€34,012
Financial charges
-€17,323
Taxes
+€9,231
Result 2024
-€887,288
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
-€632,364
Investment
-€489,168
Financing
+€1.2m
Cash 2023
€9,114
From operations (derived)
-€632,364
Net result for the year
-€887,288
Depreciation
+€620,668
Stocks and contracts
-€476,084
Receivables within one year
+€554,692
Deferred charges and accrued income
-€2,965
Provisions
-€86,303
Trade debts
-€499,636
Tax, wage and social debts
-€120,782
Advances received
+€264,122
Accrued charges and deferred income
+€1,212
Investment (derived)
-€489,168
Investment in fixed assets (net)
-€489,168
Financing
+€1.2m
Short-term financial debts
+€1.2m
Cash 2024
€38,351
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €9,229,651 | €9,051,744 | -€177,907 | -1.9% |
| Fixed assets | 21/28 | €3,039,488 | €2,907,987 | -€131,501 | -4.3% |
| Intangible fixed assets | 21 | €44,303 | €86,060 | +€41,757 | +94.3% |
| Tangible fixed assets | 22/27 | €2,995,185 | €2,821,927 | -€173,258 | -5.8% |
| Plant, machinery and equipment | 23 | €2,261,941 | €2,404,955 | +€143,014 | +6.3% |
| Furniture and vehicles | 24 | €268,451 | €220,598 | -€47,854 | -17.8% |
| Other tangible fixed assets | 26 | €172,714 | €110,963 | -€61,751 | -35.8% |
| Assets under construction and advance payments | 27 | €292,079 | €85,412 | -€206,667 | -70.8% |
| Current assets | 29/58 | €6,190,163 | €6,143,756 | -€46,406 | -0.7% |
| Stocks and contracts in progress | 3 | €3,149,130 | €3,625,215 | +€476,084 | +15.1% |
| Stocks | 30/36 | €3,149,130 | €3,625,215 | +€476,084 | +15.1% |
| Raw materials and consumables | 30/31 | €2,053,492 | €2,205,589 | +€152,097 | +7.4% |
| Work in progress | 32 | €357,358 | €460,583 | +€103,225 | +28.9% |
| Finished goods | 33 | €472,577 | €539,995 | +€67,418 | +14.3% |
| Goods purchased for resale | 34 | €265,704 | €419,048 | +€153,344 | +57.7% |
| Amounts receivable within one year | 40/41 | €3,001,510 | €2,446,818 | -€554,692 | -18.5% |
| Trade receivables | 40 | €2,946,056 | €2,395,502 | -€550,554 | -18.7% |
| Other amounts receivable | 41 | €55,454 | €51,316 | -€4,138 | -7.5% |
| Cash at bank and in hand | 54/58 | €9,114 | €38,351 | +€29,236 | +320.8% |
| Deferred charges and accrued income | 490/1 | €30,409 | €33,373 | +€2,965 | +9.7% |
| Total equity and liabilities | 10/49 | €9,229,651 | €9,051,744 | -€177,907 | -1.9% |
| Equity | 10/15 | €3,304,013 | €2,416,725 | -€887,288 | -26.9% |
| Contributions | 10/11 | €1,000,000 | €1,000,000 | = | 0.0% |
| Capital | 10 | €1,000,000 | €1,000,000 | = | 0.0% |
| Issued capital | 100 | €1,000,000 | €1,000,000 | = | 0.0% |
| Reserves | 13 | €2,304,013 | €1,416,725 | -€887,288 | -38.5% |
| Non-distributable reserves | 130/1 | €100,000 | €100,000 | = | 0.0% |
| Legal reserve | 130 | €100,000 | €100,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €35,918 | €35,918 | = | 0.0% |
| Distributable reserves | 133 | €2,168,095 | €1,280,807 | -€887,288 | -40.9% |
| Provisions and deferred taxes | 16 | €116,803 | €30,500 | -€86,303 | -73.9% |
| Provisions for liabilities and charges | 160/5 | €116,803 | €30,500 | -€86,303 | -73.9% |
| Pensions and similar obligations | 160 | €0 | - | = | |
| Other liabilities and charges | 164/5 | €116,803 | €30,500 | -€86,303 | -73.9% |
| Amounts payable | 17/49 | €5,808,835 | €6,604,518 | +€795,684 | +13.7% |
| Amounts payable within one year | 42/48 | €5,795,047 | €6,589,518 | +€794,472 | +13.7% |
| Financial debts | 43 | €1,831,619 | €2,982,388 | +€1.2m | +62.8% |
| Credit institutions | 430/8 | - | €1 | +€1 | |
| Other loans | 439 | €1,831,619 | €2,982,387 | +€1.2m | +62.8% |
| Trade debts | 44 | €2,936,599 | €2,436,964 | -€499,636 | -17.0% |
| Suppliers | 440/4 | €2,936,599 | €2,436,964 | -€499,636 | -17.0% |
| Advances received on contracts in progress | 46 | €64,002 | €328,124 | +€264,122 | +412.7% |
| Taxes, remuneration and social security | 45 | €962,825 | €842,043 | -€120,782 | -12.5% |
| Taxes | 450/3 | €73,854 | €26,056 | -€47,799 | -64.7% |
| Remuneration and social security | 454/9 | €888,971 | €815,987 | -€72,984 | -8.2% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €13,788 | €15,000 | +€1,212 | +8.8% |
| Operating income | 70/76A | €27,786,520 | €27,804,875 | +€18,354 | +0.1% |
| Turnover | 70 | €26,494,273 | €26,402,517 | -€91,756 | -0.3% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | -€143,209 | €150,404 | +€293,612 | |
| Other operating income | 74 | €1,428,363 | €1,251,954 | -€176,408 | -12.4% |
| Non-recurring operating income | 76A | €7,093 | €0 | -€7,093 | -100.0% |
| Operating charges | 60/66A | €27,793,063 | €28,745,599 | +€952,536 | +3.4% |
| Goods for resale, raw materials and consumables | 60 | €13,807,994 | €14,224,524 | +€416,530 | +3.0% |
| Purchases | 600/8 | €12,260,102 | €14,354,188 | +€2.1m | +17.1% |
| Change in stocks: decrease (increase) | 609 | €1,547,892 | -€129,664 | -€1.7m | |
| Services and other goods | 61 | €5,703,056 | €5,927,121 | +€224,065 | +3.9% |
| Remuneration, social security and pensions | 62 | €7,669,573 | €8,194,954 | +€525,382 | +6.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €518,533 | €620,668 | +€102,135 | +19.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €15,118 | -€225,547 | -€240,664 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €31,294 | -€86,303 | -€117,597 | |
| Other operating charges | 640/8 | €20,295 | €85,186 | +€64,891 | +319.7% |
| Non-recurring operating charges | 66A | €27,200 | €4,995 | -€22,205 | -81.6% |
| Operating profit (loss) | 9901 | -€6,543 | -€940,725 | -€934,182 | -14278.6% |
| Financial income | 75/76B | €82,952 | €116,963 | +€34,012 | +41.0% |
| Recurring financial income | 75 | €82,952 | €116,963 | +€34,012 | +41.0% |
| Income from current assets | 751 | €440 | €32,192 | +€31,752 | +7218.9% |
| Other financial income | 752/9 | €82,512 | €84,771 | +€2,259 | +2.7% |
| Financial charges | 65/66B | €44,501 | €61,823 | +€17,323 | +38.9% |
| Recurring financial charges | 65 | €44,501 | €61,823 | +€17,323 | +38.9% |
| Debt charges | 650 | €0 | €19,227 | +€19,227 | |
| Other financial charges | 652/9 | €44,501 | €42,596 | -€1,904 | -4.3% |
| Profit (loss) for the period before taxes | 9903 | €31,909 | -€885,585 | -€917,493 | |
| Income taxes | 67/77 | €10,934 | €1,703 | -€9,231 | -84.4% |
| Taxes | 670/3 | €10,934 | €8,352 | -€2,582 | -23.6% |
| Tax adjustments and reversals of tax provisions | 77 | - | €6,648 | +€6,648 | |
| Profit (loss) for the period | 9904 | €20,975 | -€887,288 | -€908,262 | |
| Profit (loss) for the period to be appropriated | 9905 | €20,975 | -€887,288 | -€908,262 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.