ISOTER: 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.
ISOTER
Largest movements
- Receivables within one year +€445,959
up €445,959 (+194%), from €229,397 to €675,356
of which Other amounts receivable: +€445,659
- Cash -€129,411
no longer reported in 2025 (was €129,411)
mainly Receivables within one year (-€445,959) and Tax, wage and social debts (-€31,417)
- Profit (loss) carried forward +€200,259
new in 2025: €200,259
- Trade debts +€146,061
up €146,061 (+18,978%), from €770 to €146,831
- Tax, wage and social debts -€31,417
down €31,417 (-84.9%), from €37,006 to €5,589
- Gross operating margin +€94,640
up €94,640 (+59.4%), from €159,345 to €253,985
- Taxes +€31,164
up €31,164 (+87.6%), from €35,589 to €66,753
- Other operating charges -€14,845
down €14,845 (-95.3%), from €15,570 to €726
- Financial income +€9,462
up €9,462 (+144%), from €6,573 to €16,036
- Financial charges -€5,147
down €5,147 (-86.6%), from €5,944 to €797
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.
Derived cash bridge
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 | €362,571 | €677,474 | +€314,903 | +86.9% |
| Fixed assets | 21/28 | €3,604 | €2,118 | -€1,487 | -41.2% |
| Tangible fixed assets | 22/27 | €3,604 | €2,118 | -€1,487 | -41.2% |
| Plant, machinery and equipment | 23 | €3,604 | €2,118 | -€1,487 | -41.2% |
| Current assets | 29/58 | €358,966 | €675,356 | +€316,390 | +88.1% |
| Amounts receivable within one year | 40/41 | €229,397 | €675,356 | +€445,959 | +194% |
| Trade receivables | 40 | €2,112 | €2,412 | +€300 | +14.2% |
| Other amounts receivable | 41 | €227,285 | €672,944 | +€445,659 | +196% |
| Cash at bank and in hand | 54/58 | €129,411 | - | -€129,411 | |
| Deferred charges and accrued income | 490/1 | €159 | - | -€159 | |
| Total equity and liabilities | 10/49 | €362,571 | €677,474 | +€314,903 | +86.9% |
| Equity | 10/15 | €324,795 | €525,054 | +€200,259 | +61.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €306,195 | €306,195 | = | 0.0% |
| Distributable reserves | 133 | €306,195 | €306,195 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €200,259 | +€200,259 | |
| Amounts payable | 17/49 | €37,776 | €152,419 | +€114,644 | +303% |
| Amounts payable within one year | 42/48 | €37,776 | €152,419 | +€114,644 | +303% |
| Trade debts | 44 | €770 | €146,831 | +€146,061 | +18,978% |
| Suppliers | 440/4 | €770 | €146,831 | +€146,061 | +18,978% |
| Taxes, remuneration and social security | 45 | €37,006 | €5,589 | -€31,417 | -84.9% |
| Taxes | 450/3 | €37,006 | €5,589 | -€31,417 | -84.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,315 | €1,487 | -€4,829 | -76.5% |
| Other operating charges | 640/8 | €15,570 | €726 | -€14,845 | -95.3% |
| Gross operating margin | 9900 | €159,345 | €253,985 | +€94,640 | +59.4% |
| Operating profit (loss) | 9901 | €137,460 | €251,773 | +€114,314 | +83.2% |
| Financial income | 75/76B | €6,573 | €16,036 | +€9,462 | +144% |
| Recurring financial income | 75 | €6,573 | €16,036 | +€9,462 | +144% |
| Financial charges | 65/66B | €5,944 | €797 | -€5,147 | -86.6% |
| Recurring financial charges | 65 | €5,944 | €797 | -€5,147 | -86.6% |
| Profit (loss) for the period before taxes | 9903 | €138,089 | €267,012 | +€128,923 | +93.4% |
| Income taxes | 67/77 | €35,589 | €66,753 | +€31,164 | +87.6% |
| Profit (loss) for the period | 9904 | €102,500 | €200,259 | +€97,759 | +95.4% |
| Profit (loss) for the period to be appropriated | 9905 | €102,500 | €200,259 | +€97,759 | +95.4% |
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 16 October 2026 via checked.be.