ISOSELL: what changed
Two fiscal 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.
What changed
ISOSELL
NACE 46.190, Agents in non-specialised wholesale trade
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€575,188
2024 · €303,193+€271,995
Equity
€2.5m
2024 · €1.9m+€575,188
Cash
€173,105
2024 · €168,454+€4,651
Balance sheet total
€3.4m
2024 · €2.9m+€482,577
Largest movements
Assets
- Receivables within one year +€475,825
up €475,825 (+27.0%), from €1.8m to €2.2m
of which Trade receivables: +€305,381
- Tangible fixed assets -€37,539
down €37,539 (-16.6%), from €226,042 to €188,503
of which Plant, machinery and equipment: -€46,607
Equity and liabilities
- Profit (loss) carried forward +€575,188
up €575,188 (+188.7%), from €304,873 to €880,061
- Short-term financial debts -€400,000
down €400,000 (-100.0%), from €400,000 to €0
of which Other loans: -€400,000
- Accrued charges and deferred income +€153,933
up €153,933 (+99.4%), from €154,794 to €308,727
- Current portion of long-term debt +€114,405
new in 2025: €114,405
Income statement
- Gross operating margin +€471,344
up €471,344 (+51.0%), from €924,802 to €1.4m
- Staff costs +€95,455
up €95,455 (+23.8%), from €401,107 to €496,561
- Taxes +€94,789
up €94,789 (+90.0%), from €105,340 to €200,129
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.
Result 2024
€303,193
Gross operating margin
+€471,344
Staff costs
-€95,455
Depreciation
-€9,582
Other operating charges
-€4,208
Other operating items
-€8,410
Financial income
+€11,566
Financial charges
+€1,528
Taxes
-€94,789
Result 2025
€575,188
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.
From operations
+€337,372
Investment
-€63,811
Financing
-€268,910
Cash 2024
€168,454
From operations (derived)
+€337,372
Net result for the year
+€575,188
Depreciation
+€110,788
Stocks and contracts
-€33,298
Receivables within one year
-€475,825
Deferred charges and accrued income
-€15,779
Trade debts
+€21,659
Tax, wage and social debts
+€12,157
Other debts
-€11,451
Accrued charges and deferred income
+€153,933
Investment (derived)
-€63,811
Investment in fixed assets (net)
-€63,811
Financing
-€268,910
Debts after one year
+€16,686
Current portion of long-term debt
+€114,405
Short-term financial debts
-€400,000
Cash 2025
€173,105
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,898,472 | €3,381,049 | +€482,577 | +16.6% |
| Fixed assets | 21/28 | €275,007 | €228,030 | -€46,977 | -17.1% |
| Intangible fixed assets | 21 | €48,965 | €39,526 | -€9,438 | -19.3% |
| Tangible fixed assets | 22/27 | €226,042 | €188,503 | -€37,539 | -16.6% |
| Plant, machinery and equipment | 23 | €92,139 | €45,532 | -€46,607 | -50.6% |
| Furniture and vehicles | 24 | €105,991 | €86,272 | -€19,719 | -18.6% |
| Leasing and similar rights | 25 | - | €26,158 | +€26,158 | |
| Other tangible fixed assets | 26 | €27,912 | €30,542 | +€2,630 | +9.4% |
| Current assets | 29/58 | €2,623,466 | €3,153,019 | +€529,554 | +20.2% |
| Stocks and contracts in progress | 3 | €665,015 | €698,314 | +€33,298 | +5.0% |
| Stocks | 30/36 | €665,015 | €698,314 | +€33,298 | +5.0% |
| Amounts receivable within one year | 40/41 | €1,759,895 | €2,235,720 | +€475,825 | +27.0% |
| Trade receivables | 40 | €361,161 | €666,542 | +€305,381 | +84.6% |
| Other amounts receivable | 41 | €1,398,734 | €1,569,178 | +€170,444 | +12.2% |
| Cash at bank and in hand | 54/58 | €168,454 | €173,105 | +€4,651 | +2.8% |
| Deferred charges and accrued income | 490/1 | €30,102 | €45,881 | +€15,779 | +52.4% |
| Total equity and liabilities | 10/49 | €2,898,472 | €3,381,049 | +€482,577 | +16.6% |
| Equity | 10/15 | €1,893,873 | €2,469,061 | +€575,188 | +30.4% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €1,564,000 | €1,564,000 | = | 0.0% |
| Distributable reserves | 133 | €1,564,000 | €1,564,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €304,873 | €880,061 | +€575,188 | +188.7% |
| Amounts payable | 17/49 | €1,004,599 | €911,988 | -€92,611 | -9.2% |
| Amounts payable after more than one year | 17 | - | €16,686 | +€16,686 | |
| Financial debts | 170/4 | - | €16,686 | +€16,686 | |
| Amounts payable within one year | 42/48 | €849,805 | €586,575 | -€263,230 | -31.0% |
| Current portion of amounts payable after more than one year | 42 | - | €114,405 | +€114,405 | |
| Financial debts | 43 | €400,000 | €0 | -€400,000 | -100.0% |
| Credit institutions | 430/8 | €0 | - | = | |
| Other loans | 439 | €400,000 | €0 | -€400,000 | -100.0% |
| Trade debts | 44 | €416,385 | €438,044 | +€21,659 | +5.2% |
| Suppliers | 440/4 | €416,385 | €438,044 | +€21,659 | +5.2% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €21,384 | €33,541 | +€12,157 | +56.9% |
| Taxes | 450/3 | €61 | €210 | +€149 | +243.3% |
| Remuneration and social security | 454/9 | €21,323 | €33,331 | +€12,008 | +56.3% |
| Other amounts payable | 47/48 | €12,036 | €586 | -€11,451 | -95.1% |
| Accrued charges and deferred income | 492/3 | €154,794 | €308,727 | +€153,933 | +99.4% |
| Non-recurring operating income | 76A | €7,430 | €0 | -€7,430 | -100.0% |
| Remuneration, social security and pensions | 62 | €401,107 | €496,561 | +€95,455 | +23.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €101,206 | €110,788 | +€9,582 | +9.5% |
| Other operating charges | 640/8 | €12,405 | €16,613 | +€4,208 | +33.9% |
| Non-recurring operating charges | 66A | €0 | €8,410 | +€8,410 | |
| Gross operating margin | 9900 | €924,802 | €1,396,146 | +€471,344 | +51.0% |
| Operating profit (loss) | 9901 | €410,084 | €763,773 | +€353,689 | +86.2% |
| Financial income | 75/76B | €19,216 | €30,782 | +€11,566 | +60.2% |
| Recurring financial income | 75 | €19,216 | €30,782 | +€11,566 | +60.2% |
| Financial charges | 65/66B | €20,767 | €19,239 | -€1,528 | -7.4% |
| Recurring financial charges | 65 | €20,767 | €19,239 | -€1,528 | -7.4% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | €408,533 | €775,317 | +€366,784 | +89.8% |
| Income taxes | 67/77 | €105,340 | €200,129 | +€94,789 | +90.0% |
| Profit (loss) for the period | 9904 | €303,193 | €575,188 | +€271,995 | +89.7% |
| Profit (loss) for the period to be appropriated | 9905 | €303,193 | €575,188 | +€271,995 | +89.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.