Isoprojects: 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.
Isoprojects
Largest movements
- Cash -€201,752
down €201,752 (-38.8%), from €519,774 to €318,022
mainly Stocks and contracts (-€189,908) and Debts after one year (-€97,963)
- Stocks and contracts +€189,908
up €189,908 (+221.4%), from €85,763 to €275,672
of which Contracts in progress: +€165,000
- Receivables within one year +€95,049
up €95,049 (+19.9%), from €477,167 to €572,216
of which Trade receivables: +€158,773
- Tangible fixed assets -€90,787
down €90,787 (-26.9%), from €337,845 to €247,058
of which Leasing and similar rights: -€51,303
- Receivables after one year -€65,000
down €65,000 (-17.4%), from €374,487 to €309,487
- Debts after one year -€97,963
down €97,963 (-39.5%), from €247,931 to €149,968
- Reserves +€57,164
up €57,164 (+7.4%), from €773,269 to €830,433
- Other debts -€37,910
down €37,910 (-89.4%), from €42,400 to €4,490
- Advances received -€36,475
down €36,475 (-100.0%), from €36,475 to €0
- Trade debts +€35,662
up €35,662 (+22.0%), from €161,960 to €197,622
- Gross operating margin -€138,886
down €138,886 (-11.4%), from €1.2m to €1.1m
- Write-downs -€47,847
down €47,847, from €24,525 to -€23,322
- Depreciation -€35,038
down €35,038 (-23.5%), from €149,112 to €114,074
- Taxes -€26,585
down €26,585 (-50.2%), from €53,009 to €26,424
- Other operating charges +€21,831
up €21,831 (+184.4%), from €11,842 to €33,672
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 | €1,806,121 | €1,731,388 | -€74,733 | -4.1% |
| Fixed assets | 21/28 | €343,115 | €252,328 | -€90,787 | -26.5% |
| Tangible fixed assets | 22/27 | €337,845 | €247,058 | -€90,787 | -26.9% |
| Plant, machinery and equipment | 23 | €48,877 | €37,873 | -€11,003 | -22.5% |
| Furniture and vehicles | 24 | €140,308 | €111,827 | -€28,481 | -20.3% |
| Leasing and similar rights | 25 | €148,661 | €97,358 | -€51,303 | -34.5% |
| Financial fixed assets | 28 | €5,270 | €5,270 | = | 0.0% |
| Current assets | 29/58 | €1,463,006 | €1,479,060 | +€16,054 | +1.1% |
| Amounts receivable after more than one year | 29 | €374,487 | €309,487 | -€65,000 | -17.4% |
| Other amounts receivable | 291 | €374,487 | €309,487 | -€65,000 | -17.4% |
| Stocks and contracts in progress | 3 | €85,763 | €275,672 | +€189,908 | +221.4% |
| Stocks | 30/36 | €70,763 | €95,672 | +€24,908 | +35.2% |
| Contracts in progress | 37 | €15,000 | €180,000 | +€165,000 | +1100.0% |
| Amounts receivable within one year | 40/41 | €477,167 | €572,216 | +€95,049 | +19.9% |
| Trade receivables | 40 | €356,766 | €515,539 | +€158,773 | +44.5% |
| Other amounts receivable | 41 | €120,401 | €56,677 | -€63,723 | -52.9% |
| Cash at bank and in hand | 54/58 | €519,774 | €318,022 | -€201,752 | -38.8% |
| Deferred charges and accrued income | 490/1 | €5,815 | €3,663 | -€2,152 | -37.0% |
| Total equity and liabilities | 10/49 | €1,806,121 | €1,731,388 | -€74,733 | -4.1% |
| Equity | 10/15 | €1,187,516 | €1,242,130 | +€54,614 | +4.6% |
| Contributions | 10/11 | €20,400 | €20,400 | = | 0.0% |
| Reserves | 13 | €773,269 | €830,433 | +€57,164 | +7.4% |
| Distributable reserves | 133 | €773,269 | €830,433 | +€57,164 | +7.4% |
| Profit (loss) carried forward | 14 | €393,848 | €391,298 | -€2,550 | -0.6% |
| Amounts payable | 17/49 | €618,605 | €489,258 | -€129,347 | -20.9% |
| Amounts payable after more than one year | 17 | €247,931 | €149,968 | -€97,963 | -39.5% |
| Financial debts | 170/4 | €247,931 | €149,968 | -€97,963 | -39.5% |
| Amounts payable within one year | 42/48 | €370,674 | €339,289 | -€31,384 | -8.5% |
| Current portion of amounts payable after more than one year | 42 | €103,988 | €110,822 | +€6,834 | +6.6% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €161,960 | €197,622 | +€35,662 | +22.0% |
| Suppliers | 440/4 | €161,960 | €197,622 | +€35,662 | +22.0% |
| Advances received on contracts in progress | 46 | €36,475 | €0 | -€36,475 | -100.0% |
| Taxes, remuneration and social security | 45 | €25,851 | €26,355 | +€504 | +1.9% |
| Taxes | 450/3 | €4,281 | €4,290 | +€9 | +0.2% |
| Remuneration and social security | 454/9 | €21,570 | €22,066 | +€495 | +2.3% |
| Other amounts payable | 47/48 | €42,400 | €4,490 | -€37,910 | -89.4% |
| Non-recurring operating income | 76A | €1,033 | €1,653 | +€620 | +60.0% |
| Remuneration, social security and pensions | 62 | €835,800 | €856,518 | +€20,718 | +2.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €149,112 | €114,074 | -€35,038 | -23.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €24,525 | -€23,322 | -€47,847 | |
| Other operating charges | 640/8 | €11,842 | €33,672 | +€21,831 | +184.4% |
| Gross operating margin | 9900 | €1,214,242 | €1,075,357 | -€138,886 | -11.4% |
| Operating profit (loss) | 9901 | €192,963 | €94,414 | -€98,549 | -51.1% |
| Financial income | 75/76B | €2,438 | €2,467 | +€29 | +1.2% |
| Recurring financial income | 75 | €2,438 | €2,467 | +€29 | +1.2% |
| Financial charges | 65/66B | €18,764 | €13,294 | -€5,470 | -29.2% |
| Recurring financial charges | 65 | €18,764 | €13,294 | -€5,470 | -29.2% |
| Profit (loss) for the period before taxes | 9903 | €176,637 | €83,588 | -€93,050 | -52.7% |
| Income taxes | 67/77 | €53,009 | €26,424 | -€26,585 | -50.2% |
| Profit (loss) for the period | 9904 | €123,628 | €57,164 | -€66,464 | -53.8% |
| Profit (loss) for the period to be appropriated | 9905 | €123,628 | €57,164 | -€66,464 | -53.8% |
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 9 October 2026 via checked.be.