ISOMATEX: 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.
ISOMATEX
Largest movements
- Tangible fixed assets +€1.0m
up €1.0m (+10.1%), from €10.2m to €11.3m
of which Plant, machinery and equipment: +€6.9m
- Intangible fixed assets +€251,228
up €251,228 (+10.9%), from €2.3m to €2.5m
- Cash -€213,622
down €213,622 (-53.3%), from €400,604 to €186,982
mainly Net result for the year (-€2.8m) and Investment in fixed assets (net) (-€1.7m)
- Profit (loss) carried forward +€2.2m
up €2.2m (+36.2%), from -€6.1m to -€3.9m
- Debts after one year -€1.2m
down €1.2m (-27.8%), from €4.5m to €3.3m
- Trade debts +€339,886
up €339,886 (+128%), from €266,127 to €606,014
- Depreciation -€1.6m
down €1.6m (-81.0%), from €2.0m to €382,819
- Financial charges +€318,880
up €318,880 (+1,970%), from €16,184 to €335,064
of which Non-recurring financial charges: +€322,048
- Gross operating margin -€103,743
down €103,743 (-14.8%), from -€701,731 to -€805,474
- Other operating charges -€94,944
down €94,944 (-80.4%), from €118,124 to €23,179
- Staff costs -€67,547
down €67,547 (-4.7%), from €1.4m to €1.4m
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 | €14,117,206 | €15,233,422 | +€1.1m | +7.9% |
| Formation expenses | 20 | €17,224 | €17,025 | -€199 | -1.2% |
| Fixed assets | 21/28 | €12,722,508 | €14,010,107 | +€1.3m | +10.1% |
| Intangible fixed assets | 21 | €2,295,967 | €2,547,195 | +€251,228 | +10.9% |
| Tangible fixed assets | 22/27 | €10,226,556 | €11,262,927 | +€1.0m | +10.1% |
| Land and buildings | 22 | €2,116,425 | €1,926,875 | -€189,550 | -9.0% |
| Plant, machinery and equipment | 23 | €2,405,764 | €9,332,454 | +€6.9m | +288% |
| Furniture and vehicles | 24 | €10,516 | €3,598 | -€6,918 | -65.8% |
| Leasing and similar rights | 25 | €0 | - | = | |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Assets under construction and advance payments | 27 | €5,693,851 | €0 | -€5.7m | -100% |
| Financial fixed assets | 28 | €199,985 | €199,985 | = | 0.0% |
| Current assets | 29/58 | €1,377,474 | €1,206,290 | -€171,185 | -12.4% |
| Amounts receivable after more than one year | 29 | €201,589 | €225,611 | +€24,023 | +11.9% |
| Other amounts receivable | 291 | €201,589 | €225,611 | +€24,023 | +11.9% |
| Stocks and contracts in progress | 3 | €180,894 | €174,938 | -€5,956 | -3.3% |
| Stocks | 30/36 | €180,894 | €174,938 | -€5,956 | -3.3% |
| Amounts receivable within one year | 40/41 | €512,264 | €526,000 | +€13,736 | +2.7% |
| Trade receivables | 40 | €63,052 | €131,813 | +€68,760 | +109% |
| Other amounts receivable | 41 | €449,212 | €394,187 | -€55,025 | -12.2% |
| Cash at bank and in hand | 54/58 | €400,604 | €186,982 | -€213,622 | -53.3% |
| Deferred charges and accrued income | 490/1 | €82,123 | €92,758 | +€10,635 | +12.9% |
| Total equity and liabilities | 10/49 | €14,117,206 | €15,233,422 | +€1.1m | +7.9% |
| Equity | 10/15 | €9,000,753 | €11,131,619 | +€2.1m | +23.7% |
| Contributions | 10/11 | €13,586,430 | €13,586,430 | = | 0.0% |
| Capital | 10 | €10,944,657 | €11,364,230 | +€419,573 | +3.8% |
| Issued capital | 100 | €10,944,657 | €11,364,230 | +€419,573 | +3.8% |
| Contributions outside capital | 11 | €2,641,773 | €2,222,200 | -€419,573 | -15.9% |
| Share premium | 1100/10 | €2,641,773 | €2,222,200 | -€419,573 | -15.9% |
| Profit (loss) carried forward | 14 | -€6,068,792 | -€3,868,964 | +€2.2m | +36.2% |
| Investment grants | 15 | €1,483,115 | €1,414,153 | -€68,962 | -4.6% |
| Amounts payable | 17/49 | €5,116,453 | €4,101,803 | -€1.0m | -19.8% |
| Amounts payable after more than one year | 17 | €4,500,025 | €3,250,075 | -€1.2m | -27.8% |
| Other amounts payable | 178/9 | €4,500,025 | €3,250,075 | -€1.2m | -27.8% |
| Amounts payable within one year | 42/48 | €539,539 | €821,929 | +€282,390 | +52.3% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €266,127 | €606,014 | +€339,886 | +128% |
| Suppliers | 440/4 | €266,127 | €606,014 | +€339,886 | +128% |
| Advances received on contracts in progress | 46 | €864 | €0 | -€864 | -100% |
| Taxes, remuneration and social security | 45 | €272,548 | €215,916 | -€56,632 | -20.8% |
| Taxes | 450/3 | €84,569 | €40,441 | -€44,128 | -52.2% |
| Remuneration and social security | 454/9 | €187,979 | €175,475 | -€12,504 | -6.7% |
| Accrued charges and deferred income | 492/3 | €76,889 | €29,799 | -€47,091 | -61.2% |
| Remuneration, social security and pensions | 62 | €1,448,051 | €1,380,504 | -€67,547 | -4.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,011,519 | €382,819 | -€1.6m | -81.0% |
| Other operating charges | 640/8 | €118,124 | €23,179 | -€94,944 | -80.4% |
| Gross operating margin | 9900 | -€701,731 | -€805,474 | -€103,743 | -14.8% |
| Operating profit (loss) | 9901 | -€4,279,425 | -€2,591,976 | +€1.7m | +39.4% |
| Financial income | 75/76B | €21,287 | €70,889 | +€49,602 | +233% |
| Recurring financial income | 75 | €21,287 | €70,889 | +€49,602 | +233% |
| Financial charges | 65/66B | €16,184 | €335,064 | +€318,880 | +1,970% |
| Recurring financial charges | 65 | €16,184 | €13,017 | -€3,168 | -19.6% |
| Non-recurring financial charges | 66B | - | €322,048 | +€322,048 | |
| Profit (loss) for the period before taxes | 9903 | -€4,274,322 | -€2,856,151 | +€1.4m | +33.2% |
| Income taxes | 67/77 | -€71,928 | -€56,029 | +€15,900 | +22.1% |
| Profit (loss) for the period | 9904 | -€4,202,394 | -€2,800,122 | +€1.4m | +33.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,202,394 | -€2,800,122 | +€1.4m | +33.4% |
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 20 October 2026 via checked.be.