IsoThermoPur: what changed
Two fiscal 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.
IsoThermoPur
Largest movements
- Receivables within one year +€39,076
up €39,076 (+32.1%), from €121,744 to €160,820
of which Trade receivables: +€36,321
- Tangible fixed assets -€31,905
down €31,905 (-14.7%), from €217,198 to €185,293
of which Plant, machinery and equipment: -€19,417
- Cash -€20,978
down €20,978 (-88.4%), from €23,728 to €2,750
mainly Receivables within one year (-€39,076) and Debts after one year (-€33,638)
- Stocks and contracts +€15,000
new in 2025: €15,000
- Trade debts +€46,151
up €46,151 (+97.3%), from €47,445 to €93,597
- Debts after one year -€33,638
down €33,638 (-23.5%), from €143,391 to €109,753
- Other debts -€7,338
down €7,338 (-12.1%), from €60,731 to €53,393
- Tax, wage and social debts -€4,442
down €4,442 (-66.9%), from €6,642 to €2,200
- Gross operating margin -€57,759
down €57,759 (-53.9%), from €107,168 to €49,409
- Depreciation +€2,182
up €2,182 (+7.3%), from €29,723 to €31,905
- Taxes +€1,999
up €1,999 (+32.2%), from €6,200 to €8,199
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 | €362,670 | €363,863 | +€1,193 | +0.3% |
| Fixed assets | 21/28 | €217,198 | €185,293 | -€31,905 | -14.7% |
| Tangible fixed assets | 22/27 | €217,198 | €185,293 | -€31,905 | -14.7% |
| Land and buildings | 22 | €140,124 | €134,493 | -€5,631 | -4.0% |
| Plant, machinery and equipment | 23 | €66,913 | €47,496 | -€19,417 | -29.0% |
| Furniture and vehicles | 24 | €10,161 | €3,304 | -€6,857 | -67.5% |
| Current assets | 29/58 | €145,472 | €178,570 | +€33,098 | +22.8% |
| Stocks and contracts in progress | 3 | - | €15,000 | +€15,000 | |
| Stocks | 30/36 | - | €15,000 | +€15,000 | |
| Amounts receivable within one year | 40/41 | €121,744 | €160,820 | +€39,076 | +32.1% |
| Trade receivables | 40 | €119,088 | €155,409 | +€36,321 | +30.5% |
| Other amounts receivable | 41 | €2,657 | €5,411 | +€2,755 | +103.7% |
| Cash at bank and in hand | 54/58 | €23,728 | €2,750 | -€20,978 | -88.4% |
| Total equity and liabilities | 10/49 | €362,670 | €363,863 | +€1,193 | +0.3% |
| Equity | 10/15 | €71,434 | €71,282 | -€152 | -0.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €553 | €553 | = | 0.0% |
| Non-distributable reserves | 130/1 | €553 | €553 | = | 0.0% |
| Legal reserve | 130 | €553 | €553 | = | 0.0% |
| Profit (loss) carried forward | 14 | €52,281 | €52,129 | -€152 | -0.3% |
| Amounts payable | 17/49 | €291,236 | €292,581 | +€1,345 | +0.5% |
| Amounts payable after more than one year | 17 | €143,391 | €109,753 | -€33,638 | -23.5% |
| Financial debts | 170/4 | €143,391 | €109,753 | -€33,638 | -23.5% |
| Amounts payable within one year | 42/48 | €147,845 | €182,828 | +€34,983 | +23.7% |
| Current portion of amounts payable after more than one year | 42 | €33,026 | €33,638 | +€611 | +1.9% |
| Trade debts | 44 | €47,445 | €93,597 | +€46,151 | +97.3% |
| Suppliers | 440/4 | €47,445 | €93,597 | +€46,151 | +97.3% |
| Taxes, remuneration and social security | 45 | €6,642 | €2,200 | -€4,442 | -66.9% |
| Taxes | 450/3 | €6,642 | €2,200 | -€4,442 | -66.9% |
| Other amounts payable | 47/48 | €60,731 | €53,393 | -€7,338 | -12.1% |
| Remuneration, social security and pensions | 62 | €375 | €390 | +€15 | +4.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,723 | €31,905 | +€2,182 | +7.3% |
| Other operating charges | 640/8 | €1,910 | €2,218 | +€307 | +16.1% |
| Non-recurring operating charges | 66A | €38,001 | €635 | -€37,366 | -98.3% |
| Gross operating margin | 9900 | €107,168 | €49,409 | -€57,759 | -53.9% |
| Operating profit (loss) | 9901 | €37,158 | €14,261 | -€22,897 | -61.6% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €7,069 | €6,215 | -€855 | -12.1% |
| Recurring financial charges | 65 | €7,069 | €6,215 | -€855 | -12.1% |
| Profit (loss) for the period before taxes | 9903 | €30,089 | €8,046 | -€22,043 | -73.3% |
| Income taxes | 67/77 | €6,200 | €8,199 | +€1,999 | +32.2% |
| Profit (loss) for the period | 9904 | €23,889 | -€152 | -€24,041 | |
| Profit (loss) for the period to be appropriated | 9905 | €23,889 | -€152 | -€24,041 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.