ISOTRA: 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.
ISOTRA
Largest movements
- Deferred charges and accrued income -€7,545
down €7,545 (-50.3%), from €14,990 to €7,445
- Stocks and contracts +€6,561
up €6,561 (+50.8%), from €12,917 to €19,477
of which Contracts in progress: +€4,970
- Receivables within one year +€5,667
up €5,667 (+2.8%), from €205,793 to €211,460
of which Other amounts receivable: +€108,146
- Tangible fixed assets +€5,266
up €5,266 (+52.3%), from €10,061 to €15,327
of which Other tangible fixed assets: +€3,740
- Short-term financial debts +€23,203
new in 2025: €23,203
- Tax, wage and social debts -€9,443
down €9,443 (-31.5%), from €30,004 to €20,561
of which Taxes: -€4,806
- Trade debts -€5,325
down €5,325 (-4.1%), from €130,134 to €124,808
- Gross operating margin +€29,458
up €29,458 (+16.9%), from €174,208 to €203,666
- Staff costs +€28,067
up €28,067 (+17.9%), from €156,890 to €184,957
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 | €332,367 | €345,639 | +€13,272 | +4.0% |
| Fixed assets | 21/28 | €18,757 | €27,057 | +€8,300 | +44.2% |
| Tangible fixed assets | 22/27 | €10,061 | €15,327 | +€5,266 | +52.3% |
| Plant, machinery and equipment | 23 | €3,286 | €6,493 | +€3,207 | +97.6% |
| Furniture and vehicles | 24 | €3,830 | €2,149 | -€1,681 | -43.9% |
| Other tangible fixed assets | 26 | €2,945 | €6,685 | +€3,740 | +127% |
| Financial fixed assets | 28 | €8,696 | €11,730 | +€3,034 | +34.9% |
| Current assets | 29/58 | €313,610 | €318,582 | +€4,972 | +1.6% |
| Stocks and contracts in progress | 3 | €12,917 | €19,477 | +€6,561 | +50.8% |
| Stocks | 30/36 | €2,887 | €4,477 | +€1,591 | +55.1% |
| Contracts in progress | 37 | €10,030 | €15,000 | +€4,970 | +49.6% |
| Amounts receivable within one year | 40/41 | €205,793 | €211,460 | +€5,667 | +2.8% |
| Trade receivables | 40 | €190,452 | €87,972 | -€102,479 | -53.8% |
| Other amounts receivable | 41 | €15,341 | €123,487 | +€108,146 | +705% |
| Cash at bank and in hand | 54/58 | €79,911 | €80,200 | +€289 | +0.4% |
| Deferred charges and accrued income | 490/1 | €14,990 | €7,445 | -€7,545 | -50.3% |
| Total equity and liabilities | 10/49 | €332,367 | €345,639 | +€13,272 | +4.0% |
| Equity | 10/15 | €87,187 | €89,007 | +€1,820 | +2.1% |
| Contributions | 10/11 | €34,267 | €34,267 | = | 0.0% |
| Reserves | 13 | €52,920 | €54,741 | +€1,820 | +3.4% |
| Non-distributable reserves | 130/1 | €3,427 | €3,427 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,427 | €3,427 | = | 0.0% |
| Distributable reserves | 133 | €49,494 | €51,314 | +€1,820 | +3.7% |
| Amounts payable | 17/49 | €245,180 | €256,632 | +€11,451 | +4.7% |
| Amounts payable after more than one year | 17 | - | €1,425 | +€1,425 | |
| Financial debts | 170/4 | - | €1,425 | +€1,425 | |
| Amounts payable within one year | 42/48 | €245,180 | €255,207 | +€10,027 | +4.1% |
| Current portion of amounts payable after more than one year | 42 | - | €2,137 | +€2,137 | |
| Financial debts | 43 | - | €23,203 | +€23,203 | |
| Credit institutions | 430/8 | - | €23,203 | +€23,203 | |
| Trade debts | 44 | €130,134 | €124,808 | -€5,325 | -4.1% |
| Suppliers | 440/4 | €130,134 | €124,808 | -€5,325 | -4.1% |
| Taxes, remuneration and social security | 45 | €30,004 | €20,561 | -€9,443 | -31.5% |
| Taxes | 450/3 | €21,277 | €16,471 | -€4,806 | -22.6% |
| Remuneration and social security | 454/9 | €8,727 | €4,090 | -€4,637 | -53.1% |
| Other amounts payable | 47/48 | €85,042 | €84,497 | -€545 | -0.6% |
| Non-recurring operating income | 76A | €9 | - | -€9 | |
| Remuneration, social security and pensions | 62 | €156,890 | €184,957 | +€28,067 | +17.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,436 | €4,009 | +€1,573 | +64.6% |
| Other operating charges | 640/8 | €686 | €487 | -€199 | -29.0% |
| Non-recurring operating charges | 66A | - | €438 | +€438 | |
| Gross operating margin | 9900 | €174,208 | €203,666 | +€29,458 | +16.9% |
| Operating profit (loss) | 9901 | €14,196 | €13,775 | -€421 | -3.0% |
| Financial income | 75/76B | €194 | €297 | +€103 | +53.1% |
| Recurring financial income | 75 | €194 | €297 | +€103 | +53.1% |
| Financial charges | 65/66B | €4,029 | €3,722 | -€307 | -7.6% |
| Recurring financial charges | 65 | €3,990 | €3,702 | -€288 | -7.2% |
| Non-recurring financial charges | 66B | €38 | €20 | -€19 | -48.4% |
| Profit (loss) for the period before taxes | 9903 | €10,361 | €10,349 | -€11 | -0.1% |
| Income taxes | 67/77 | €7,997 | €8,529 | +€532 | +6.7% |
| Profit (loss) for the period | 9904 | €2,364 | €1,820 | -€544 | -23.0% |
| Profit (loss) for the period to be appropriated | 9905 | €2,364 | €1,820 | -€544 | -23.0% |
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 18 October 2026 via checked.be.