ISOQUAL: 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.
ISOQUAL
Largest movements
- Cash +€17,670
up €17,670 (+15.7%), from €112,278 to €129,948
mainly Net result for the year (+€51,220) and Depreciation (+€13,137)
- Tangible fixed assets -€6,947
down €6,947 (-22.3%), from €31,137 to €24,191
of which Land and buildings: -€5,324
- Receivables within one year -€2,467
down €2,467 (-31.5%), from €7,833 to €5,366
of which Trade receivables: -€3,880
- Reserves +€51,220
up €51,220 (+82.2%), from €62,279 to €113,499
- Trade debts -€30,745
down €30,745 (-83.1%), from €37,003 to €6,259
- Other debts -€14,686
down €14,686 (-80.5%), from €18,238 to €3,551
- Tax, wage and social debts +€8,425
up €8,425 (+39.6%), from €21,277 to €29,702
- Current portion of long-term debt -€3,389
down €3,389 (-65.5%), from €5,177 to €1,788
- Taxes +€7,727
up €7,727 (+41.8%), from €18,487 to €26,214
- Gross operating margin +€6,830
up €6,830 (+8.1%), from €84,667 to €91,497
- Depreciation +€1,138
up €1,138 (+9.5%), from €11,999 to €13,137
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 | €164,354 | €173,391 | +€9,037 | +5.5% |
| Fixed assets | 21/28 | €37,221 | €30,955 | -€6,266 | -16.8% |
| Intangible fixed assets | 21 | €6,084 | €6,765 | +€681 | +11.2% |
| Tangible fixed assets | 22/27 | €31,137 | €24,191 | -€6,947 | -22.3% |
| Land and buildings | 22 | €17,301 | €11,977 | -€5,324 | -30.8% |
| Plant, machinery and equipment | 23 | €70 | €3,616 | +€3,546 | +5,072% |
| Furniture and vehicles | 24 | €12,988 | €7,976 | -€5,012 | -38.6% |
| Other tangible fixed assets | 26 | €778 | €623 | -€156 | -20.0% |
| Current assets | 29/58 | €127,132 | €142,436 | +€15,303 | +12.0% |
| Amounts receivable within one year | 40/41 | €7,833 | €5,366 | -€2,467 | -31.5% |
| Trade receivables | 40 | €7,833 | €3,953 | -€3,880 | -49.5% |
| Other amounts receivable | 41 | - | €1,413 | +€1,413 | |
| Cash at bank and in hand | 54/58 | €112,278 | €129,948 | +€17,670 | +15.7% |
| Deferred charges and accrued income | 490/1 | €7,022 | €7,123 | +€101 | +1.4% |
| Total equity and liabilities | 10/49 | €164,354 | €173,391 | +€9,037 | +5.5% |
| Equity | 10/15 | €80,871 | €132,091 | +€51,220 | +63.3% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €62,279 | €113,499 | +€51,220 | +82.2% |
| Distributable reserves | 133 | €62,279 | €113,499 | +€51,220 | +82.2% |
| Amounts payable | 17/49 | €83,483 | €41,300 | -€42,183 | -50.5% |
| Amounts payable after more than one year | 17 | €1,788 | - | -€1,788 | |
| Financial debts | 170/4 | €1,788 | - | -€1,788 | |
| Amounts payable within one year | 42/48 | €81,695 | €41,300 | -€40,395 | -49.4% |
| Current portion of amounts payable after more than one year | 42 | €5,177 | €1,788 | -€3,389 | -65.5% |
| Trade debts | 44 | €37,003 | €6,259 | -€30,745 | -83.1% |
| Suppliers | 440/4 | €37,003 | €6,259 | -€30,745 | -83.1% |
| Taxes, remuneration and social security | 45 | €21,277 | €29,702 | +€8,425 | +39.6% |
| Taxes | 450/3 | €21,277 | €29,702 | +€8,425 | +39.6% |
| Other amounts payable | 47/48 | €18,238 | €3,551 | -€14,686 | -80.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,999 | €13,137 | +€1,138 | +9.5% |
| Other operating charges | 640/8 | €1,062 | €438 | -€624 | -58.7% |
| Gross operating margin | 9900 | €84,667 | €91,497 | +€6,830 | +8.1% |
| Operating profit (loss) | 9901 | €71,606 | €77,921 | +€6,316 | +8.8% |
| Financial income | 75/76B | €1 | €1 | -€0 | -37.5% |
| Recurring financial income | 75 | €1 | €1 | -€0 | -37.5% |
| Financial charges | 65/66B | €767 | €487 | -€279 | -36.4% |
| Recurring financial charges | 65 | €767 | €487 | -€279 | -36.4% |
| Profit (loss) for the period before taxes | 9903 | €70,840 | €77,434 | +€6,595 | +9.3% |
| Income taxes | 67/77 | €18,487 | €26,214 | +€7,727 | +41.8% |
| Profit (loss) for the period | 9904 | €52,352 | €51,220 | -€1,132 | -2.2% |
| Profit (loss) for the period to be appropriated | 9905 | €52,352 | €51,220 | -€1,132 | -2.2% |
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 14 October 2026 via checked.be.