ISOTERA: 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.
ISOTERA
Largest movements
- Tangible fixed assets +€254,925
up €254,925 (+103.4%), from €246,627 to €501,552
of which Plant, machinery and equipment: +€229,390
- Cash -€220,675
down €220,675 (-55.2%), from €400,108 to €179,433
mainly Contributions, distributions and other (-€343,886) and Investment in fixed assets (net) (-€229,440)
- Receivables within one year -€119,097
down €119,097 (-45.6%), from €261,263 to €142,166
of which Other amounts receivable: -€169,112
- Financial fixed assets -€117,848
down €117,848 (-22.8%), from €517,784 to €399,936
- Current investments +€100,000
new in 2025: €100,000
- Reserves -€268,893
down €268,893 (-30.6%), from €879,368 to €610,474
of which Distributable reserves: -€215,393
- Debts after one year +€216,486
new in 2025: €216,486
- Short-term financial debts -€95,071
down €95,071 (-51.8%), from €183,529 to €88,458
- Trade debts +€51,539
up €51,539 (+45.5%), from €113,293 to €164,832
- Current portion of long-term debt +€42,811
new in 2025: €42,811
- Gross operating margin -€80,474
down €80,474 (-17.1%), from €470,643 to €390,169
- Staff costs +€54,139
up €54,139 (+39.4%), from €137,528 to €191,668
- Taxes -€34,566
down €34,566 (-42.7%), from €80,893 to €46,327
- Provisions -€20,215
new in 2025: -€20,215
- Other operating charges +€14,983
up €14,983 (+200.1%), from €7,487 to €22,470
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 | €1,430,782 | €1,328,087 | -€102,695 | -7.2% |
| Fixed assets | 21/28 | €764,411 | €901,488 | +€137,077 | +17.9% |
| Intangible fixed assets | 21 | - | €0 | = | |
| Tangible fixed assets | 22/27 | €246,627 | €501,552 | +€254,925 | +103.4% |
| Land and buildings | 22 | €11,384 | €13,046 | +€1,661 | +14.6% |
| Plant, machinery and equipment | 23 | €151,307 | €380,696 | +€229,390 | +151.6% |
| Furniture and vehicles | 24 | €83,936 | €107,810 | +€23,874 | +28.4% |
| Financial fixed assets | 28 | €517,784 | €399,936 | -€117,848 | -22.8% |
| Current assets | 29/58 | €666,371 | €426,599 | -€239,772 | -36.0% |
| Stocks and contracts in progress | 3 | €5,000 | €5,000 | = | 0.0% |
| Stocks | 30/36 | €5,000 | €5,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €261,263 | €142,166 | -€119,097 | -45.6% |
| Trade receivables | 40 | €79,561 | €129,575 | +€50,015 | +62.9% |
| Other amounts receivable | 41 | €181,702 | €12,590 | -€169,112 | -93.1% |
| Current investments | 50/53 | - | €100,000 | +€100,000 | |
| Cash at bank and in hand | 54/58 | €400,108 | €179,433 | -€220,675 | -55.2% |
| Total equity and liabilities | 10/49 | €1,430,782 | €1,328,087 | -€102,695 | -7.2% |
| Equity | 10/15 | €897,968 | €629,074 | -€268,893 | -29.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €879,368 | €610,474 | -€268,893 | -30.6% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €63,500 | €10,000 | -€53,500 | -84.3% |
| Distributable reserves | 133 | €814,008 | €598,614 | -€215,393 | -26.5% |
| Provisions and deferred taxes | 16 | €17,833 | - | -€17,833 | |
| Deferred taxes | 168 | €17,833 | - | -€17,833 | |
| Amounts payable | 17/49 | €514,981 | €699,013 | +€184,032 | +35.7% |
| Amounts payable after more than one year | 17 | - | €216,486 | +€216,486 | |
| Financial debts | 170/4 | - | €216,486 | +€216,486 | |
| Amounts payable within one year | 42/48 | €514,981 | €482,526 | -€32,455 | -6.3% |
| Current portion of amounts payable after more than one year | 42 | - | €42,811 | +€42,811 | |
| Financial debts | 43 | €183,529 | €88,458 | -€95,071 | -51.8% |
| Credit institutions | 430/8 | €183,529 | €88,458 | -€95,071 | -51.8% |
| Trade debts | 44 | €113,293 | €164,832 | +€51,539 | +45.5% |
| Suppliers | 440/4 | €113,293 | €164,832 | +€51,539 | +45.5% |
| Taxes, remuneration and social security | 45 | €55,663 | €60,998 | +€5,336 | +9.6% |
| Taxes | 450/3 | €45,061 | €42,072 | -€2,989 | -6.6% |
| Remuneration and social security | 454/9 | €10,602 | €18,927 | +€8,325 | +78.5% |
| Other amounts payable | 47/48 | €162,496 | €125,427 | -€37,069 | -22.8% |
| Remuneration, social security and pensions | 62 | €137,528 | €191,668 | +€54,139 | +39.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €98,266 | €92,362 | -€5,903 | -6.0% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | -€20,215 | -€20,215 | |
| Other operating charges | 640/8 | €7,487 | €22,470 | +€14,983 | +200.1% |
| Gross operating margin | 9900 | €470,643 | €390,169 | -€80,474 | -17.1% |
| Operating profit (loss) | 9901 | €227,362 | €103,885 | -€123,478 | -54.3% |
| Financial income | 75/76B | €17,605 | €22,079 | +€4,474 | +25.4% |
| Recurring financial income | 75 | €17,605 | €22,079 | +€4,474 | +25.4% |
| Financial charges | 65/66B | €15,838 | €22,477 | +€6,639 | +41.9% |
| Recurring financial charges | 65 | €15,838 | €22,477 | +€6,639 | +41.9% |
| Profit (loss) for the period before taxes | 9903 | €229,130 | €103,486 | -€125,643 | -54.8% |
| Transfer from deferred taxes | 780 | €8,917 | €17,833 | +€8,917 | +100.0% |
| Income taxes | 67/77 | €80,893 | €46,327 | -€34,566 | -42.7% |
| Profit (loss) for the period | 9904 | €157,153 | €74,993 | -€82,160 | -52.3% |
| Transfer from tax-exempt reserves | 789 | €26,750 | €53,500 | +€26,750 | +100.0% |
| Profit (loss) for the period to be appropriated | 9905 | €183,903 | €128,493 | -€55,410 | -30.1% |
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 12 October 2026 via checked.be.