ISOTHERMOS: 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.
What changed
ISOTHERMOS
NACE 46.900, Non-specialised wholesale trade
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€1.5m
2024 · €461,616+€1.1m
Equity
€9.4m
2024 · €8.4m+€1.0m
Cash
€221,057
2024 · €313,335-€92,278
Balance sheet total
€17.2m
2024 · €14.4m+€2.8m
Largest movements
Assets
- Receivables within one year +€1.4m
up €1.4m (+70.4%), from €1.9m to €3.3m
of which Trade receivables: +€1.4m
- Tangible fixed assets +€1.3m
up €1.3m (+91.6%), from €1.4m to €2.7m
of which Land and buildings: +€1.3m
- Stocks and contracts +€905,248
up €905,248 (+13.3%), from €6.8m to €7.7m
- Current investments -€663,176
down €663,176 (-50.4%), from €1.3m to €652,035
Equity and liabilities
- Tax, wage and social debts +€1.1m
up €1.1m (+221.5%), from €496,612 to €1.6m
of which Taxes: +€1.1m
- Other debts +€1.1m
up €1.1m (+55.6%), from €1.9m to €2.9m
- Profit (loss) carried forward +€813,886
up €813,886 (+24.7%), from €3.3m to €4.1m
- Trade debts -€719,992
down €719,992 (-27.0%), from €2.7m to €1.9m
- Short-term financial debts +€300,000
up €300,000 (+50.0%), from €600,000 to €900,000
Income statement
- Turnover +€7.5m
up €7.5m (+58.5%), from €12.8m to €20.3m
- Goods and materials +€6.2m
up €6.2m (+56.7%), from €11.0m to €17.2m
of which Purchases: +€7.5m
- Taxes +€324,337
up €324,337 (+198.3%), from €163,539 to €487,876
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.
Result 2024
€461,616
Turnover
+€7.5m
Other operating income
+€4,945
Goods and materials
-€6.2m
Services and other goods
+€56,448
Staff costs
-€67,385
Depreciation
+€11,500
Write-downs
-€97,567
Provisions
+€4,475
Other operating charges
+€1,187
Other operating items
+€253,359
Financial income
+€120,266
Financial charges
-€123,821
Taxes
-€324,337
Deferred taxes and other
-€61,641
Result 2025
€1.5m
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.
From operations
+€839,672
Investment
-€728,046
Financing
-€203,904
Cash 2024
€313,335
From operations (derived)
+€839,672
Net result for the year
+€1.5m
Depreciation
+€88,973
Stocks and contracts
-€905,248
Receivables within one year
-€1.4m
Deferred charges and accrued income
-€445
Provisions
+€61,641
Trade debts
-€719,992
Tax, wage and social debts
+€1.1m
Other debts
+€1.1m
Accrued charges and deferred income
+€4,932
Investment (derived)
-€728,046
Investment in fixed assets (net)
-€1.4m
Current investments
+€663,176
Financing
-€203,904
Short-term financial debts
+€300,000
Contributions, distributions and other
-€503,904
Cash 2025
€221,057
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €14,383,303 | €17,199,684 | +€2.8m | +19.6% |
| Fixed assets | 21/28 | €1,441,084 | €2,743,333 | +€1.3m | +90.4% |
| Tangible fixed assets | 22/27 | €1,416,631 | €2,714,144 | +€1.3m | +91.6% |
| Land and buildings | 22 | €1,237,366 | €2,549,418 | +€1.3m | +106.0% |
| Plant, machinery and equipment | 23 | €6,980 | €15,845 | +€8,865 | +127.0% |
| Furniture and vehicles | 24 | €46,450 | €23,046 | -€23,404 | -50.4% |
| Assets under construction and advance payments | 27 | €125,835 | €125,835 | = | 0.0% |
| Financial fixed assets | 28 | €24,453 | €29,189 | +€4,736 | +19.4% |
| Other financial fixed assets | 284/8 | €24,453 | €29,189 | +€4,736 | +19.4% |
| Amounts receivable and cash guarantees | 285/8 | €24,453 | €29,189 | +€4,736 | +19.4% |
| Current assets | 29/58 | €12,942,219 | €14,456,351 | +€1.5m | +11.7% |
| Amounts receivable after more than one year | 29 | €2,568,015 | €2,568,015 | = | 0.0% |
| Trade receivables | 290 | €2,568,015 | €2,568,015 | = | 0.0% |
| Stocks and contracts in progress | 3 | €6,803,775 | €7,709,023 | +€905,248 | +13.3% |
| Stocks | 30/36 | €6,803,775 | €7,709,023 | +€905,248 | +13.3% |
| Goods purchased for resale | 34 | €6,803,775 | €7,709,023 | +€905,248 | +13.3% |
| Amounts receivable within one year | 40/41 | €1,937,304 | €3,301,197 | +€1.4m | +70.4% |
| Trade receivables | 40 | €1,927,352 | €3,301,197 | +€1.4m | +71.3% |
| Other amounts receivable | 41 | €9,952 | - | -€9,952 | |
| Current investments | 50/53 | €1,315,211 | €652,035 | -€663,176 | -50.4% |
| Other investments | 51/53 | €1,315,211 | €652,035 | -€663,176 | -50.4% |
| Cash at bank and in hand | 54/58 | €313,335 | €221,057 | -€92,278 | -29.5% |
| Deferred charges and accrued income | 490/1 | €4,579 | €5,024 | +€445 | +9.7% |
| Total equity and liabilities | 10/49 | €14,383,303 | €17,199,684 | +€2.8m | +19.6% |
| Equity | 10/15 | €8,412,452 | €9,429,339 | +€1.0m | +12.1% |
| Contributions | 10/11 | €2,295,787 | €2,295,787 | = | 0.0% |
| Capital | 10 | €2,295,787 | €2,295,787 | = | 0.0% |
| Issued capital | 100 | €2,295,787 | €2,295,787 | = | 0.0% |
| Reserves | 13 | €2,816,213 | €3,019,214 | +€203,001 | +7.2% |
| Non-distributable reserves | 130/1 | €221,772 | €239,850 | +€18,078 | +8.2% |
| Legal reserve | 130 | €211,922 | €230,000 | +€18,078 | +8.5% |
| Reserves not available under the articles | 1311 | €9,850 | €9,850 | = | 0.0% |
| Tax-exempt reserves | 132 | - | €184,923 | +€184,923 | |
| Distributable reserves | 133 | €2,594,441 | €2,594,441 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,300,452 | €4,114,338 | +€813,886 | +24.7% |
| Provisions and deferred taxes | 16 | €294,491 | €356,132 | +€61,641 | +20.9% |
| Provisions for liabilities and charges | 160/5 | €294,491 | €294,491 | = | 0.0% |
| Other liabilities and charges | 164/5 | €294,491 | €294,491 | = | 0.0% |
| Deferred taxes | 168 | - | €61,641 | +€61,641 | |
| Amounts payable | 17/49 | €5,676,360 | €7,414,213 | +€1.7m | +30.6% |
| Amounts payable within one year | 42/48 | €5,652,919 | €7,385,840 | +€1.7m | +30.7% |
| Financial debts | 43 | €600,000 | €900,000 | +€300,000 | +50.0% |
| Credit institutions | 430/8 | €600,000 | €900,000 | +€300,000 | +50.0% |
| Trade debts | 44 | €2,662,960 | €1,942,968 | -€719,992 | -27.0% |
| Suppliers | 440/4 | €2,662,960 | €1,942,968 | -€719,992 | -27.0% |
| Taxes, remuneration and social security | 45 | €496,612 | €1,596,605 | +€1.1m | +221.5% |
| Taxes | 450/3 | €423,315 | €1,521,526 | +€1.1m | +259.4% |
| Remuneration and social security | 454/9 | €73,297 | €75,079 | +€1,782 | +2.4% |
| Other amounts payable | 47/48 | €1,893,347 | €2,946,267 | +€1.1m | +55.6% |
| Accrued charges and deferred income | 492/3 | €23,441 | €28,373 | +€4,932 | +21.0% |
| Operating income | 70/76A | €13,024,134 | €20,781,908 | +€7.8m | +59.6% |
| Turnover | 70 | €12,822,128 | €20,328,393 | +€7.5m | +58.5% |
| Other operating income | 74 | €202,006 | €206,951 | +€4,945 | +2.4% |
| Non-recurring operating income | 76A | - | €246,564 | +€246,564 | |
| Operating charges | 60/66A | €12,356,450 | €18,665,516 | +€6.3m | +51.1% |
| Goods for resale, raw materials and consumables | 60 | €10,986,218 | €17,210,737 | +€6.2m | +56.7% |
| Purchases | 600/8 | €10,680,253 | €18,216,116 | +€7.5m | +70.6% |
| Change in stocks: decrease (increase) | 609 | €305,965 | -€1,005,379 | -€1.3m | |
| Services and other goods | 61 | €693,677 | €637,229 | -€56,448 | -8.1% |
| Remuneration, social security and pensions | 62 | €516,976 | €584,361 | +€67,385 | +13.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €100,473 | €88,973 | -€11,500 | -11.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €2,565 | €100,132 | +€97,567 | +3803.8% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €4,475 | - | -€4,475 | |
| Other operating charges | 640/8 | €45,271 | €44,084 | -€1,187 | -2.6% |
| Non-recurring operating charges | 66A | €6,795 | - | -€6,795 | |
| Operating profit (loss) | 9901 | €667,684 | €2,116,392 | +€1.4m | +217.0% |
| Financial income | 75/76B | €48,374 | €168,640 | +€120,266 | +248.6% |
| Recurring financial income | 75 | €48,374 | €168,640 | +€120,266 | +248.6% |
| Income from current assets | 751 | €1,624 | €2,299 | +€675 | +41.6% |
| Other financial income | 752/9 | €46,750 | €166,341 | +€119,591 | +255.8% |
| Financial charges | 65/66B | €90,903 | €214,724 | +€123,821 | +136.2% |
| Recurring financial charges | 65 | €90,903 | €214,724 | +€123,821 | +136.2% |
| Debt charges | 650 | €156,240 | €225,523 | +€69,283 | +44.3% |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals) | 651 | -€77,973 | -€35,975 | +€41,998 | +53.9% |
| Other financial charges | 652/9 | €12,636 | €25,176 | +€12,540 | +99.2% |
| Profit (loss) for the period before taxes | 9903 | €625,155 | €2,070,308 | +€1.4m | +231.2% |
| Transfer to deferred taxes | 680 | - | €61,641 | +€61,641 | |
| Income taxes | 67/77 | €163,539 | €487,876 | +€324,337 | +198.3% |
| Taxes | 670/3 | €163,539 | €487,876 | +€324,337 | +198.3% |
| Profit (loss) for the period | 9904 | €461,616 | €1,520,791 | +€1.1m | +229.4% |
| Transfer from tax-exempt reserves | 789 | €178,000 | - | -€178,000 | |
| Transfer to tax-exempt reserves | 689 | - | €184,923 | +€184,923 | |
| Profit (loss) for the period to be appropriated | 9905 | €639,616 | €1,335,868 | +€696,252 | +108.9% |
Source: filed annual accounts (NBB), fiscal years ended 1 January 2024 and 1 January 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.