ISOPHOT: 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.
ISOPHOT
Largest movements
- Stocks and contracts -€85,243
down €85,243 (-43.5%), from €195,766 to €110,522
- Financial fixed assets -€19,690
down €19,690 (-90.3%), from €21,801 to €2,111
- Receivables within one year +€5,191
up €5,191 (+13.3%), from €39,069 to €44,261
of which Trade receivables: +€5,191
- Debts after one year +€90,000
new in 2025: €90,000
- Other debts -€87,750
down €87,750 (-88.3%), from €99,420 to €11,670
- Profit (loss) carried forward -€42,257
down €42,257, from €36,525 to -€5,732
- Short-term financial debts -€38,103
down €38,103 (-77.6%), from €49,103 to €11,000
- Tax, wage and social debts -€14,634
down €14,634 (-73.5%), from €19,911 to €5,278
of which Remuneration and social security: -€15,600
- Gross operating margin -€51,441
down €51,441 (-48.9%), from €105,141 to €53,700
- Staff costs -€17,384
down €17,384 (-18.4%), from €94,500 to €77,116
- Write-downs +€10,823
new in 2025: €10,823
- Financial charges -€2,048
down €2,048 (-25.3%), from €8,109 to €6,060
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 | €259,992 | €160,292 | -€99,700 | -38.3% |
| Fixed assets | 21/28 | €21,801 | €2,111 | -€19,690 | -90.3% |
| Financial fixed assets | 28 | €21,801 | €2,111 | -€19,690 | -90.3% |
| Current assets | 29/58 | €238,191 | €158,181 | -€80,010 | -33.6% |
| Stocks and contracts in progress | 3 | €195,766 | €110,522 | -€85,243 | -43.5% |
| Stocks | 30/36 | €195,766 | €110,522 | -€85,243 | -43.5% |
| Amounts receivable within one year | 40/41 | €39,069 | €44,261 | +€5,191 | +13.3% |
| Trade receivables | 40 | €20,228 | €25,420 | +€5,191 | +25.7% |
| Other amounts receivable | 41 | €18,841 | €18,841 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €3,199 | €3,398 | +€199 | +6.2% |
| Deferred charges and accrued income | 490/1 | €157 | - | -€157 | |
| Total equity and liabilities | 10/49 | €259,992 | €160,292 | -€99,700 | -38.3% |
| Equity | 10/15 | €54,126 | €11,869 | -€42,257 | -78.1% |
| Contributions | 10/11 | €15,741 | €15,741 | = | 0.0% |
| Capital | 10 | €15,741 | €15,741 | = | 0.0% |
| Issued capital | 100 | €18,592 | €18,592 | = | 0.0% |
| Uncalled capital | 101 | €2,851 | €2,851 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Legal reserve | 130 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €36,525 | -€5,732 | -€42,257 | |
| Amounts payable | 17/49 | €205,866 | €148,423 | -€57,443 | -27.9% |
| Amounts payable after more than one year | 17 | - | €90,000 | +€90,000 | |
| Financial debts | 170/4 | - | €90,000 | +€90,000 | |
| Amounts payable within one year | 42/48 | €205,866 | €58,423 | -€147,443 | -71.6% |
| Current portion of amounts payable after more than one year | 42 | €833 | €833 | = | 0.0% |
| Financial debts | 43 | €49,103 | €11,000 | -€38,103 | -77.6% |
| Credit institutions | 430/8 | €49,103 | €11,000 | -€38,103 | -77.6% |
| Trade debts | 44 | €36,598 | €29,643 | -€6,956 | -19.0% |
| Suppliers | 440/4 | €36,598 | €29,643 | -€6,956 | -19.0% |
| Taxes, remuneration and social security | 45 | €19,911 | €5,278 | -€14,634 | -73.5% |
| Taxes | 450/3 | €1,030 | €1,996 | +€966 | +93.8% |
| Remuneration and social security | 454/9 | €18,881 | €3,282 | -€15,600 | -82.6% |
| Other amounts payable | 47/48 | €99,420 | €11,670 | -€87,750 | -88.3% |
| Remuneration, social security and pensions | 62 | €94,500 | €77,116 | -€17,384 | -18.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €10,823 | +€10,823 | |
| Other operating charges | 640/8 | €1,661 | €1,773 | +€112 | +6.7% |
| Gross operating margin | 9900 | €105,141 | €53,700 | -€51,441 | -48.9% |
| Operating profit (loss) | 9901 | €8,979 | -€36,013 | -€44,992 | |
| Financial charges | 65/66B | €8,109 | €6,060 | -€2,048 | -25.3% |
| Recurring financial charges | 65 | €8,109 | €6,060 | -€2,048 | -25.3% |
| Profit (loss) for the period before taxes | 9903 | €871 | -€42,073 | -€42,944 | |
| Income taxes | 67/77 | - | €184 | +€184 | |
| Profit (loss) for the period | 9904 | €871 | -€42,257 | -€43,127 | |
| Profit (loss) for the period to be appropriated | 9905 | €871 | -€42,257 | -€43,127 |
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 16 October 2026 via checked.be.