ISOSTAR: 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.
ISOSTAR
Largest movements
- Cash -€725,111
down €725,111 (-86.7%), from €836,363 to €111,253
mainly Investment in fixed assets (net) (-€888,904) and Net result for the year (-€602,278)
- Tangible fixed assets +€429,301
up €429,301 (+6.4%), from €6.7m to €7.1m
of which Plant, machinery and equipment: +€354,855
- Stocks and contracts +€177,304
up €177,304 (+21.2%), from €836,660 to €1.0m
- Profit (loss) carried forward -€602,278
down €602,278, from €579,365 to -€22,913
- Other debts +€190,506
up €190,506 (+647.2%), from €29,435 to €219,940
- Trade debts +€114,717
up €114,717 (+7.3%), from €1.6m to €1.7m
- Gross operating margin -€266,440
down €266,440 (-30.0%), from €887,893 to €621,453
- Depreciation +€86,217
up €86,217 (+23.6%), from €364,732 to €450,949
- Staff costs +€70,090
up €70,090 (+16.4%), from €428,114 to €498,204
- Financial charges +€48,109
up €48,109 (+22.4%), from €215,010 to €263,119
- Other operating charges -€8,891
down €8,891 (-77.3%), from €11,503 to €2,612
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 | €9,216,734 | €9,003,572 | -€213,162 | -2.3% |
| Fixed assets | 21/28 | €6,725,325 | €7,163,281 | +€437,956 | +6.5% |
| Intangible fixed assets | 21 | €26,213 | €34,868 | +€8,654 | +33.0% |
| Tangible fixed assets | 22/27 | €6,699,112 | €7,128,413 | +€429,301 | +6.4% |
| Land and buildings | 22 | €5,709,747 | €5,779,146 | +€69,399 | +1.2% |
| Plant, machinery and equipment | 23 | €877,452 | €1,232,307 | +€354,855 | +40.4% |
| Furniture and vehicles | 24 | €111,913 | €116,960 | +€5,047 | +4.5% |
| Current assets | 29/58 | €2,491,409 | €1,840,291 | -€651,117 | -26.1% |
| Amounts receivable after more than one year | 29 | €25,978 | - | -€25,978 | |
| Other amounts receivable | 291 | €25,978 | - | -€25,978 | |
| Stocks and contracts in progress | 3 | €836,660 | €1,013,964 | +€177,304 | +21.2% |
| Stocks | 30/36 | €836,660 | €1,013,964 | +€177,304 | +21.2% |
| Amounts receivable within one year | 40/41 | €752,015 | €683,256 | -€68,759 | -9.1% |
| Trade receivables | 40 | €515,979 | €353,264 | -€162,715 | -31.5% |
| Other amounts receivable | 41 | €236,036 | €329,992 | +€93,956 | +39.8% |
| Cash at bank and in hand | 54/58 | €836,363 | €111,253 | -€725,111 | -86.7% |
| Deferred charges and accrued income | 490/1 | €40,392 | €31,819 | -€8,573 | -21.2% |
| Total equity and liabilities | 10/49 | €9,216,734 | €9,003,572 | -€213,162 | -2.3% |
| Equity | 10/15 | €2,209,298 | €1,607,020 | -€602,278 | -27.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,611,333 | €1,611,333 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,037 | €1,037 | = | 0.0% |
| Distributable reserves | 133 | €1,610,296 | €1,610,296 | = | 0.0% |
| Profit (loss) carried forward | 14 | €579,365 | -€22,913 | -€602,278 | |
| Amounts payable | 17/49 | €7,007,436 | €7,396,552 | +€389,116 | +5.6% |
| Amounts payable after more than one year | 17 | €5,117,554 | €5,151,076 | +€33,522 | +0.7% |
| Financial debts | 170/4 | €5,117,554 | €5,151,076 | +€33,522 | +0.7% |
| Amounts payable within one year | 42/48 | €1,889,882 | €2,245,476 | +€355,594 | +18.8% |
| Current portion of amounts payable after more than one year | 42 | €239,835 | €267,316 | +€27,481 | +11.5% |
| Trade debts | 44 | €1,563,455 | €1,678,172 | +€114,717 | +7.3% |
| Suppliers | 440/4 | €1,563,455 | €1,678,172 | +€114,717 | +7.3% |
| Taxes, remuneration and social security | 45 | €57,157 | €80,047 | +€22,891 | +40.0% |
| Remuneration and social security | 454/9 | €57,157 | €80,047 | +€22,891 | +40.0% |
| Other amounts payable | 47/48 | €29,435 | €219,940 | +€190,506 | +647.2% |
| Non-recurring operating income | 76A | €42 | - | -€42 | |
| Remuneration, social security and pensions | 62 | €428,114 | €498,204 | +€70,090 | +16.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €364,732 | €450,949 | +€86,217 | +23.6% |
| Other operating charges | 640/8 | €11,503 | €2,612 | -€8,891 | -77.3% |
| Gross operating margin | 9900 | €887,893 | €621,453 | -€266,440 | -30.0% |
| Operating profit (loss) | 9901 | €83,543 | -€330,312 | -€413,855 | |
| Financial income | 75/76B | €1 | €46 | +€44 | +3185.6% |
| Recurring financial income | 75 | €1 | €46 | +€44 | +3185.6% |
| Financial charges | 65/66B | €215,010 | €263,119 | +€48,109 | +22.4% |
| Recurring financial charges | 65 | €215,010 | €263,119 | +€48,109 | +22.4% |
| Profit (loss) for the period before taxes | 9903 | -€131,465 | -€593,385 | -€461,920 | -351.4% |
| Income taxes | 67/77 | €639 | €8,892 | +€8,253 | +1291.6% |
| Profit (loss) for the period | 9904 | -€132,104 | -€602,278 | -€470,173 | -355.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€132,104 | -€602,278 | -€470,173 | -355.9% |
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 11 October 2026 via checked.be.