ISOTEAM: 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.
ISOTEAM
Largest movements
- Receivables within one year -€412,049
down €412,049 (-70.9%), from €581,047 to €168,998
of which Trade receivables: -€332,188
- Cash -€66,454
down €66,454 (-56.4%), from €117,886 to €51,433
mainly Net result for the year (-€277,925) and Contributions, distributions and other (-€148,000)
- Tangible fixed assets +€12,060
up €12,060 (+4.3%), from €277,953 to €290,013
of which Furniture and vehicles: +€23,875
- Deferred charges and accrued income +€11,389
up €11,389 (+315.4%), from €3,611 to €15,000
- Profit (loss) carried forward -€236,065
down €236,065, from €24,515 to -€211,551
- Reserves -€189,860
down €189,860 (-26.0%), from €728,945 to €539,085
- Debts after one year -€18,902
down €18,902 (-16.4%), from €115,302 to €96,400
- Tax, wage and social debts -€18,369
down €18,369 (-24.6%), from €74,593 to €56,224
of which Taxes: -€18,367
- Write-downs +€488,201
new in 2024: €488,201
- Taxes -€53,780
down €53,780 (-98.2%), from €54,739 to €959
- Gross operating margin +€39,735
up €39,735 (+13.8%), from €288,689 to €328,424
- Depreciation -€19,338
down €19,338 (-43.2%), from €44,756 to €25,418
- Staff costs +€4,582
up €4,582 (+6.7%), from €68,288 to €72,870
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €980,577 | €525,523 | -€455,054 | -46.4% |
| Fixed assets | 21/28 | €278,033 | €290,093 | +€12,060 | +4.3% |
| Tangible fixed assets | 22/27 | €277,953 | €290,013 | +€12,060 | +4.3% |
| Land and buildings | 22 | €251,471 | €241,803 | -€9,668 | -3.8% |
| Plant, machinery and equipment | 23 | €4,101 | €1,953 | -€2,147 | -52.4% |
| Furniture and vehicles | 24 | €22,381 | €46,256 | +€23,875 | +106.7% |
| Financial fixed assets | 28 | €80 | €80 | = | 0.0% |
| Current assets | 29/58 | €702,544 | €235,431 | -€467,114 | -66.5% |
| Amounts receivable within one year | 40/41 | €581,047 | €168,998 | -€412,049 | -70.9% |
| Trade receivables | 40 | €346,639 | €14,451 | -€332,188 | -95.8% |
| Other amounts receivable | 41 | €234,409 | €154,547 | -€79,862 | -34.1% |
| Cash at bank and in hand | 54/58 | €117,886 | €51,433 | -€66,454 | -56.4% |
| Deferred charges and accrued income | 490/1 | €3,611 | €15,000 | +€11,389 | +315.4% |
| Total equity and liabilities | 10/49 | €980,577 | €525,523 | -€455,054 | -46.4% |
| Equity | 10/15 | €759,660 | €333,734 | -€425,925 | -56.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €728,945 | €539,085 | -€189,860 | -26.0% |
| Distributable reserves | 133 | €728,945 | €539,085 | -€189,860 | -26.0% |
| Profit (loss) carried forward | 14 | €24,515 | -€211,551 | -€236,065 | |
| Amounts payable | 17/49 | €220,918 | €191,789 | -€29,128 | -13.2% |
| Amounts payable after more than one year | 17 | €115,302 | €96,400 | -€18,902 | -16.4% |
| Financial debts | 170/4 | €115,302 | €96,400 | -€18,902 | -16.4% |
| Amounts payable within one year | 42/48 | €105,616 | €95,390 | -€10,226 | -9.7% |
| Current portion of amounts payable after more than one year | 42 | €17,840 | €18,877 | +€1,037 | +5.8% |
| Trade debts | 44 | €12,757 | €20,289 | +€7,533 | +59.1% |
| Suppliers | 440/4 | €12,757 | €20,289 | +€7,533 | +59.1% |
| Taxes, remuneration and social security | 45 | €74,593 | €56,224 | -€18,369 | -24.6% |
| Taxes | 450/3 | €72,488 | €54,121 | -€18,367 | -25.3% |
| Remuneration and social security | 454/9 | €2,105 | €2,103 | -€3 | -0.1% |
| Other amounts payable | 47/48 | €426 | - | -€426 | |
| Remuneration, social security and pensions | 62 | €68,288 | €72,870 | +€4,582 | +6.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,756 | €25,418 | -€19,338 | -43.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €488,201 | +€488,201 | |
| Other operating charges | 640/8 | €6,646 | €10,793 | +€4,147 | +62.4% |
| Non-recurring operating charges | 66A | €1,173 | - | -€1,173 | |
| Gross operating margin | 9900 | €288,689 | €328,424 | +€39,735 | +13.8% |
| Operating profit (loss) | 9901 | €167,826 | -€268,857 | -€436,683 | |
| Financial income | 75/76B | €333 | €63 | -€270 | -81.0% |
| Recurring financial income | 75 | €333 | €63 | -€270 | -81.0% |
| Financial charges | 65/66B | €7,875 | €8,172 | +€297 | +3.8% |
| Recurring financial charges | 65 | €6,675 | €8,172 | +€1,497 | +22.4% |
| Non-recurring financial charges | 66B | €1,200 | - | -€1,200 | |
| Profit (loss) for the period before taxes | 9903 | €160,283 | -€276,967 | -€437,250 | |
| Income taxes | 67/77 | €54,739 | €959 | -€53,780 | -98.2% |
| Profit (loss) for the period | 9904 | €105,544 | -€277,925 | -€383,470 | |
| Profit (loss) for the period to be appropriated | 9905 | €105,544 | -€277,925 | -€383,470 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.