ISOREX: what changed
What changed
ISOREX
NACE 46.831, Wholesale of construction materials, general range
filed annual accounts (NBB)
Net result for the year
€42,344
2024 · €7,884+€34,460
Equity
€1.1m
2024 · €1.0m+€41,484
Cash
€9,962
2024 · €11,033-€1,071
Balance sheet total
€1.6m
2024 · €1.5m+€91,977
Largest movements
Assets
- Receivables within one year +€95,898
up €95,898 (+31.4%), from €305,420 to €401,318
of which Trade receivables: +€99,076
- Tangible fixed assets -€63,980
down €63,980 (-16.8%), from €380,299 to €316,319
of which Land and buildings: -€36,579
- Stocks and contracts +€56,090
up €56,090 (+6.7%), from €832,752 to €888,842
Equity and liabilities
- Reserves +€45,484
up €45,484 (+6.2%), from €731,901 to €777,384
of which Distributable reserves: +€45,484
- Debts after one year +€43,975
up €43,975 (+12.7%), from €346,500 to €390,475
Income statement
- Gross operating margin +€49,767
up €49,767 (+14.6%), from €340,455 to €390,222
- Taxes +€14,312
up €14,312 (+188%), from €7,596 to €21,909
- Staff costs -€12,598
down €12,598 (-5.3%), from €237,855 to €225,257
- Write-downs +€5,552
up €5,552 (+5,629%), from €99 to €5,651
- Depreciation +€4,446
up €4,446 (+6.7%), from €66,294 to €70,740
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€7,884
Gross operating margin
+€49,767
Staff costs
+€12,598
Depreciation
-€4,446
Write-downs
-€5,552
Other operating charges
-€657
Financial income
+€587
Financial charges
-€3,525
Taxes
-€14,312
Result 2025
€42,344
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€37,426
Investment
-€6,760
Financing
+€43,115
Cash 2024
€11,033
From operations (derived)
-€37,426
Net result for the year
+€42,344
Depreciation
+€70,740
Stocks and contracts
-€56,090
Receivables within one year
-€95,898
Deferred charges and accrued income
-€5,040
Trade debts
+€1,779
Tax, wage and social debts
+€2,665
Other debts
-€140
Accrued charges and deferred income
+€2,214
Investment (derived)
-€6,760
Investment in fixed assets (net)
-€6,760
Financing
+€43,115
Debts after one year
+€43,975
Contributions, distributions and other
-€860
Cash 2025
€9,962
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,535,594 | €1,627,571 | +€91,977 | +6.0% |
| Fixed assets | 21/28 | €380,434 | €316,454 | -€63,980 | -16.8% |
| Tangible fixed assets | 22/27 | €380,299 | €316,319 | -€63,980 | -16.8% |
| Land and buildings | 22 | €285,946 | €249,367 | -€36,579 | -12.8% |
| Plant, machinery and equipment | 23 | €18,718 | €12,258 | -€6,460 | -34.5% |
| Furniture and vehicles | 24 | €75,635 | €54,695 | -€20,941 | -27.7% |
| Financial fixed assets | 28 | €135 | €135 | = | 0.0% |
| Current assets | 29/58 | €1,155,160 | €1,311,116 | +€155,957 | +13.5% |
| Stocks and contracts in progress | 3 | €832,752 | €888,842 | +€56,090 | +6.7% |
| Stocks | 30/36 | €832,752 | €888,842 | +€56,090 | +6.7% |
| Amounts receivable within one year | 40/41 | €305,420 | €401,318 | +€95,898 | +31.4% |
| Trade receivables | 40 | €257,174 | €356,250 | +€99,076 | +38.5% |
| Other amounts receivable | 41 | €48,246 | €45,068 | -€3,178 | -6.6% |
| Cash at bank and in hand | 54/58 | €11,033 | €9,962 | -€1,071 | -9.7% |
| Deferred charges and accrued income | 490/1 | €5,955 | €10,995 | +€5,040 | +84.6% |
| Total equity and liabilities | 10/49 | €1,535,594 | €1,627,571 | +€91,977 | +6.0% |
| Equity | 10/15 | €1,030,901 | €1,072,384 | +€41,484 | +4.0% |
| Contributions | 10/11 | €299,000 | €295,000 | -€4,000 | -1.3% |
| Reserves | 13 | €731,901 | €777,384 | +€45,484 | +6.2% |
| Tax-exempt reserves | 132 | €43,822 | €43,822 | = | 0.0% |
| Distributable reserves | 133 | €688,079 | €733,562 | +€45,484 | +6.6% |
| Amounts payable | 17/49 | €504,693 | €555,186 | +€50,493 | +10.0% |
| Amounts payable after more than one year | 17 | €346,500 | €390,475 | +€43,975 | +12.7% |
| Financial debts | 170/4 | €346,500 | €390,475 | +€43,975 | +12.7% |
| Amounts payable within one year | 42/48 | €145,486 | €149,791 | +€4,305 | +3.0% |
| Trade debts | 44 | €77,908 | €79,687 | +€1,779 | +2.3% |
| Suppliers | 440/4 | €77,908 | €79,687 | +€1,779 | +2.3% |
| Taxes, remuneration and social security | 45 | €39,796 | €42,461 | +€2,665 | +6.7% |
| Taxes | 450/3 | €16,759 | €12,527 | -€4,232 | -25.3% |
| Remuneration and social security | 454/9 | €23,037 | €29,934 | +€6,897 | +29.9% |
| Other amounts payable | 47/48 | €27,782 | €27,642 | -€140 | -0.5% |
| Accrued charges and deferred income | 492/3 | €12,707 | €14,921 | +€2,214 | +17.4% |
| Remuneration, social security and pensions | 62 | €237,855 | €225,257 | -€12,598 | -5.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €66,294 | €70,740 | +€4,446 | +6.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €99 | €5,651 | +€5,552 | +5,629% |
| Other operating charges | 640/8 | €29,343 | €30,000 | +€657 | +2.2% |
| Gross operating margin | 9900 | €340,455 | €390,222 | +€49,767 | +14.6% |
| Operating profit (loss) | 9901 | €6,864 | €58,574 | +€51,710 | +753% |
| Financial income | 75/76B | €26,587 | €27,174 | +€587 | +2.2% |
| Recurring financial income | 75 | €26,587 | €27,174 | +€587 | +2.2% |
| Financial charges | 65/66B | €17,971 | €21,495 | +€3,525 | +19.6% |
| Recurring financial charges | 65 | €17,971 | €21,495 | +€3,525 | +19.6% |
| Profit (loss) for the period before taxes | 9903 | €15,480 | €64,252 | +€48,772 | +315% |
| Income taxes | 67/77 | €7,596 | €21,909 | +€14,312 | +188% |
| Profit (loss) for the period | 9904 | €7,884 | €42,344 | +€34,460 | +437% |
| Profit (loss) for the period to be appropriated | 9905 | €7,884 | €42,344 | +€34,460 | +437% |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.