ISONOE: 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.
ISONOE
Largest movements
- Receivables within one year +€21,214
up €21,214 (+41.5%), from €51,095 to €72,309
of which Trade receivables: +€25,070
- Cash +€19,670
up €19,670 (+34.5%), from €57,026 to €76,696
mainly Net result for the year (+€46,828) and Other debts (+€14,332)
- Tangible fixed assets -€4,697
down €4,697 (-11.3%), from €41,721 to €37,025
of which Furniture and vehicles: -€4,525
- Reserves +€35,742
up €35,742 (+59.3%), from €60,321 to €96,063
- Profit (loss) carried forward -€15,000
down €15,000 (-27.5%), from €54,554 to €39,554
- Other debts +€14,332
up €14,332 (+107.6%), from €13,322 to €27,654
- Trade debts +€8,900
up €8,900 (+1829.9%), from €486 to €9,386
- Debts after one year -€7,556
down €7,556 (-31.3%), from €24,112 to €16,556
- Gross operating margin +€45,571
up €45,571 (+145.6%), from €31,306 to €76,877
- Taxes +€8,066
up €8,066 (+74.4%), from €10,839 to €18,905
- Depreciation +€7,979
up €7,979 (+769.7%), from €1,037 to €9,016
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.
Cash bridge derived
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 | €178,248 | €212,210 | +€33,962 | +19.1% |
| Fixed assets | 21/28 | €45,371 | €40,675 | -€4,697 | -10.4% |
| Tangible fixed assets | 22/27 | €41,721 | €37,025 | -€4,697 | -11.3% |
| Plant, machinery and equipment | 23 | €1,717 | €1,546 | -€171 | -10.0% |
| Furniture and vehicles | 24 | €40,004 | €35,479 | -€4,525 | -11.3% |
| Financial fixed assets | 28 | €3,650 | €3,650 | = | 0.0% |
| Current assets | 29/58 | €132,877 | €171,535 | +€38,658 | +29.1% |
| Amounts receivable after more than one year | 29 | €21,181 | €19,716 | -€1,465 | -6.9% |
| Other amounts receivable | 291 | €21,181 | €19,716 | -€1,465 | -6.9% |
| Amounts receivable within one year | 40/41 | €51,095 | €72,309 | +€21,214 | +41.5% |
| Trade receivables | 40 | €40,776 | €65,846 | +€25,070 | +61.5% |
| Other amounts receivable | 41 | €10,319 | €6,463 | -€3,856 | -37.4% |
| Cash at bank and in hand | 54/58 | €57,026 | €76,696 | +€19,670 | +34.5% |
| Deferred charges and accrued income | 490/1 | €3,576 | €2,815 | -€760 | -21.3% |
| Total equity and liabilities | 10/49 | €178,248 | €212,210 | +€33,962 | +19.1% |
| Equity | 10/15 | €122,935 | €143,677 | +€20,742 | +16.9% |
| Contributions | 10/11 | €8,060 | €8,060 | = | 0.0% |
| Reserves | 13 | €60,321 | €96,063 | +€35,742 | +59.3% |
| Distributable reserves | 133 | €60,321 | €96,063 | +€35,742 | +59.3% |
| Profit (loss) carried forward | 14 | €54,554 | €39,554 | -€15,000 | -27.5% |
| Amounts payable | 17/49 | €55,313 | €68,533 | +€13,220 | +23.9% |
| Amounts payable after more than one year | 17 | €24,112 | €16,556 | -€7,556 | -31.3% |
| Financial debts | 170/4 | €24,112 | €16,556 | -€7,556 | -31.3% |
| Amounts payable within one year | 42/48 | €31,201 | €51,977 | +€20,776 | +66.6% |
| Current portion of amounts payable after more than one year | 42 | €7,888 | €7,866 | -€21 | -0.3% |
| Trade debts | 44 | €486 | €9,386 | +€8,900 | +1829.9% |
| Suppliers | 440/4 | €486 | €9,386 | +€8,900 | +1829.9% |
| Taxes, remuneration and social security | 45 | €9,505 | €7,070 | -€2,435 | -25.6% |
| Taxes | 450/3 | €9,505 | €6,844 | -€2,661 | -28.0% |
| Remuneration and social security | 454/9 | - | €227 | +€227 | |
| Other amounts payable | 47/48 | €13,322 | €27,654 | +€14,332 | +107.6% |
| Remuneration, social security and pensions | 62 | €250 | €341 | +€91 | +36.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,037 | €9,016 | +€7,979 | +769.7% |
| Other operating charges | 640/8 | €1,026 | €1,223 | +€197 | +19.2% |
| Gross operating margin | 9900 | €31,306 | €76,877 | +€45,571 | +145.6% |
| Operating profit (loss) | 9901 | €28,994 | €66,297 | +€37,304 | +128.7% |
| Financial income | 75/76B | €741 | €773 | +€32 | +4.3% |
| Recurring financial income | 75 | €741 | €773 | +€32 | +4.3% |
| Financial charges | 65/66B | €1,452 | €1,338 | -€114 | -7.8% |
| Recurring financial charges | 65 | €238 | €1,338 | +€1,100 | +461.1% |
| Non-recurring financial charges | 66B | €1,213 | - | -€1,213 | |
| Profit (loss) for the period before taxes | 9903 | €28,283 | €65,732 | +€37,449 | +132.4% |
| Income taxes | 67/77 | €10,839 | €18,905 | +€8,066 | +74.4% |
| Profit (loss) for the period | 9904 | €17,444 | €46,828 | +€29,383 | +168.4% |
| Profit (loss) for the period to be appropriated | 9905 | €17,444 | €46,828 | +€29,383 | +168.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.