ISOTECH-MULTI-SERVICE: what changed
What changed
ISOTECH-MULTI-SERVICE
NACE 43.230, Insulation installation
filed annual accounts (NBB)
Net result for the year
-€7,553
2024 · €404-€7,956
Equity
€11,413
2024 · €18,965-€7,553
Cash
€34,006
2024 · €42,719-€8,713
Balance sheet total
€414,829
2024 · €454,296-€39,467
Largest movements
Assets
- Tangible fixed assets -€45,548
down €45,548 (-12.6%), from €362,289 to €316,741
of which Land and buildings: -€35,865
- Cash -€8,713
down €8,713 (-20.4%), from €42,719 to €34,006
mainly Debts after one year (-€39,383) and Net result for the year (-€7,553)
- Stocks and contracts +€7,429
up €7,429 (+19.4%), from €38,385 to €45,815
of which Contracts in progress: +€17,552
Equity and liabilities
- Debts after one year -€39,383
down €39,383 (-11.4%), from €346,650 to €307,267
- Other debts +€8,438
up €8,438 (+28.6%), from €29,476 to €37,915
- Profit (loss) carried forward -€7,553
new in 2025: -€7,553
Income statement
- Depreciation +€12,558
up €12,558 (+37.3%), from €33,652 to €46,210
- Gross operating margin +€10,360
up €10,360 (+24.0%), from €43,245 to €53,605
- Financial charges +€8,035
up €8,035 (+147%), from €5,454 to €13,489
- Other operating charges -€1,524
down €1,524 (-46.8%), from €3,259 to €1,734
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
€404
Gross operating margin
+€10,360
Depreciation
-€12,558
Other operating charges
+€1,524
Financial income
+€254
Financial charges
-€8,035
Taxes
+€498
Result 2025
-€7,553
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
+€33,661
Investment
-€4,167
Financing
-€38,207
Cash 2024
€42,719
From operations (derived)
+€33,661
Net result for the year
-€7,553
Depreciation
+€46,210
Stocks and contracts
-€7,429
Receivables within one year
-€3,023
Deferred charges and accrued income
-€837
Trade debts
+€1,763
Tax, wage and social debts
-€1,049
Other debts
+€8,438
Accrued charges and deferred income
-€2,859
Investment (derived)
-€4,167
Investment in fixed assets (net)
-€4,167
Financing
-€38,207
Debts after one year
-€39,383
Current portion of long-term debt
+€1,176
Cash 2025
€34,006
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €454,296 | €414,829 | -€39,467 | -8.7% |
| Fixed assets | 21/28 | €362,289 | €320,246 | -€42,042 | -11.6% |
| Intangible fixed assets | 21 | €0 | €3,506 | +€3,506 | |
| Tangible fixed assets | 22/27 | €362,289 | €316,741 | -€45,548 | -12.6% |
| Land and buildings | 22 | €332,102 | €296,237 | -€35,865 | -10.8% |
| Plant, machinery and equipment | 23 | €2,781 | €1,888 | -€894 | -32.1% |
| Furniture and vehicles | 24 | €27,406 | €18,616 | -€8,790 | -32.1% |
| Other tangible fixed assets | 26 | €0 | €0 | = | |
| Current assets | 29/58 | €92,007 | €94,583 | +€2,576 | +2.8% |
| Stocks and contracts in progress | 3 | €38,385 | €45,815 | +€7,429 | +19.4% |
| Stocks | 30/36 | €33,336 | €23,213 | -€10,123 | -30.4% |
| Contracts in progress | 37 | €5,050 | €22,601 | +€17,552 | +348% |
| Amounts receivable within one year | 40/41 | €8,018 | €11,041 | +€3,023 | +37.7% |
| Trade receivables | 40 | €3,895 | €11,041 | +€7,146 | +183% |
| Other amounts receivable | 41 | €4,123 | - | -€4,123 | |
| Cash at bank and in hand | 54/58 | €42,719 | €34,006 | -€8,713 | -20.4% |
| Deferred charges and accrued income | 490/1 | €2,885 | €3,722 | +€837 | +29.0% |
| Total equity and liabilities | 10/49 | €454,296 | €414,829 | -€39,467 | -8.7% |
| Equity | 10/15 | €18,965 | €11,413 | -€7,553 | -39.8% |
| Contributions | 10/11 | €11,160 | €11,160 | = | 0.0% |
| Reserves | 13 | €7,805 | €7,805 | = | 0.0% |
| Tax-exempt reserves | 132 | €306 | €306 | = | 0.0% |
| Distributable reserves | 133 | €7,500 | €7,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€7,553 | -€7,553 | |
| Amounts payable | 17/49 | €435,330 | €403,416 | -€31,914 | -7.3% |
| Amounts payable after more than one year | 17 | €346,650 | €307,267 | -€39,383 | -11.4% |
| Financial debts | 170/4 | €346,650 | €307,267 | -€39,383 | -11.4% |
| Amounts payable within one year | 42/48 | €81,371 | €91,700 | +€10,329 | +12.7% |
| Current portion of amounts payable after more than one year | 42 | €38,207 | €39,383 | +€1,176 | +3.1% |
| Trade debts | 44 | €9,107 | €10,870 | +€1,763 | +19.4% |
| Suppliers | 440/4 | €9,107 | €10,870 | +€1,763 | +19.4% |
| Taxes, remuneration and social security | 45 | €4,581 | €3,532 | -€1,049 | -22.9% |
| Taxes | 450/3 | €4,581 | €3,532 | -€1,049 | -22.9% |
| Other amounts payable | 47/48 | €29,476 | €37,915 | +€8,438 | +28.6% |
| Accrued charges and deferred income | 492/3 | €7,309 | €4,449 | -€2,859 | -39.1% |
| Non-recurring operating income | 76A | - | €7 | +€7 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,652 | €46,210 | +€12,558 | +37.3% |
| Other operating charges | 640/8 | €3,259 | €1,734 | -€1,524 | -46.8% |
| Gross operating margin | 9900 | €43,245 | €53,605 | +€10,360 | +24.0% |
| Operating profit (loss) | 9901 | €6,334 | €5,661 | -€673 | -10.6% |
| Financial income | 75/76B | €167 | €421 | +€254 | +153% |
| Recurring financial income | 75 | €167 | €421 | +€254 | +153% |
| Financial charges | 65/66B | €5,454 | €13,489 | +€8,035 | +147% |
| Recurring financial charges | 65 | €5,454 | €13,489 | +€8,035 | +147% |
| Profit (loss) for the period before taxes | 9903 | €1,047 | -€7,408 | -€8,454 | |
| Income taxes | 67/77 | €643 | €145 | -€498 | -77.5% |
| Profit (loss) for the period | 9904 | €404 | -€7,553 | -€7,956 | |
| Profit (loss) for the period to be appropriated | 9905 | €404 | -€7,553 | -€7,956 |
Next steps
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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 2 November 2026 via checked.be.