ISOPHIL: 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.
ISOPHIL
Largest movements
- Deferred charges and accrued income +€101,365
up €101,365 (+150.7%), from €67,278 to €168,643
- Receivables within one year +€51,450
up €51,450, from €0 to €51,450
- Cash -€40,994
down €40,994 (-19.4%), from €211,011 to €170,017
mainly Contributions, distributions and other (-€326,884) and Deferred charges and accrued income (-€101,365)
- Tangible fixed assets -€29,134
down €29,134 (-15.1%), from €193,068 to €163,934
of which Furniture and vehicles: -€27,392
- Tax, wage and social debts +€65,091
up €65,091 (+4350.2%), from €1,496 to €66,587
of which Taxes: +€65,091
- Reserves +€46,371
up €46,371 (+14.2%), from €326,884 to €373,255
- Debts after one year -€26,438
down €26,438 (-26.8%), from €98,679 to €72,241
- Other debts -€6,696
down €6,696 (-100.0%), from €6,696 to €0
- Gross operating margin +€170,456
up €170,456 (+46.1%), from €369,949 to €540,405
- Taxes +€41,891
up €41,891 (+49.5%), from €84,696 to €126,587
- Depreciation +€16,507
up €16,507 (+93.9%), from €17,576 to €34,084
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 | €471,457 | €554,145 | +€82,688 | +17.5% |
| Fixed assets | 21/28 | €193,168 | €164,034 | -€29,134 | -15.1% |
| Tangible fixed assets | 22/27 | €193,068 | €163,934 | -€29,134 | -15.1% |
| Land and buildings | 22 | €43,400 | €42,012 | -€1,388 | -3.2% |
| Plant, machinery and equipment | 23 | €2,999 | €2,646 | -€354 | -11.8% |
| Furniture and vehicles | 24 | €133,769 | €106,376 | -€27,392 | -20.5% |
| Other tangible fixed assets | 26 | €12,900 | €12,900 | = | 0.0% |
| Financial fixed assets | 28 | €100 | €100 | = | 0.0% |
| Current assets | 29/58 | €278,289 | €390,110 | +€111,822 | +40.2% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €0 | €51,450 | +€51,450 | |
| Other amounts receivable | 41 | €0 | €51,450 | +€51,450 | |
| Cash at bank and in hand | 54/58 | €211,011 | €170,017 | -€40,994 | -19.4% |
| Deferred charges and accrued income | 490/1 | €67,278 | €168,643 | +€101,365 | +150.7% |
| Total equity and liabilities | 10/49 | €471,457 | €554,145 | +€82,688 | +17.5% |
| Equity | 10/15 | €336,884 | €383,255 | +€46,371 | +13.8% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €326,884 | €373,255 | +€46,371 | +14.2% |
| Distributable reserves | 133 | €326,884 | €373,255 | +€46,371 | +14.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €134,573 | €170,890 | +€36,317 | +27.0% |
| Amounts payable after more than one year | 17 | €98,679 | €72,241 | -€26,438 | -26.8% |
| Financial debts | 170/4 | €98,679 | €72,241 | -€26,438 | -26.8% |
| Amounts payable within one year | 42/48 | €35,893 | €98,649 | +€62,756 | +174.8% |
| Current portion of amounts payable after more than one year | 42 | €25,627 | €26,438 | +€812 | +3.2% |
| Trade debts | 44 | €2,075 | €5,623 | +€3,549 | +171.1% |
| Suppliers | 440/4 | €2,075 | €5,623 | +€3,549 | +171.1% |
| Taxes, remuneration and social security | 45 | €1,496 | €66,587 | +€65,091 | +4350.2% |
| Taxes | 450/3 | €1,496 | €66,587 | +€65,091 | +4350.2% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €6,696 | €0 | -€6,696 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,576 | €34,084 | +€16,507 | +93.9% |
| Other operating charges | 640/8 | €354 | €4,022 | +€3,668 | +1036.3% |
| Gross operating margin | 9900 | €369,949 | €540,405 | +€170,456 | +46.1% |
| Operating profit (loss) | 9901 | €352,019 | €502,299 | +€150,280 | +42.7% |
| Financial income | 75/76B | €0 | €1,398 | +€1,398 | |
| Recurring financial income | 75 | €0 | €1,398 | +€1,398 | |
| Financial charges | 65/66B | €1,844 | €3,855 | +€2,011 | +109.1% |
| Recurring financial charges | 65 | €1,844 | €3,855 | +€2,011 | +109.1% |
| Profit (loss) for the period before taxes | 9903 | €350,175 | €499,842 | +€149,667 | +42.7% |
| Income taxes | 67/77 | €84,696 | €126,587 | +€41,891 | +49.5% |
| Profit (loss) for the period | 9904 | €265,479 | €373,255 | +€107,776 | +40.6% |
| Profit (loss) for the period to be appropriated | 9905 | €265,479 | €373,255 | +€107,776 | +40.6% |
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 12 October 2026 via checked.be.