ISOTUBES: 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.
ISOTUBES
Largest movements
- Receivables within one year -€129,247
down €129,247 (-72.8%), from €177,647 to €48,400
of which Trade receivables: -€126,319
- Cash +€42,867
up €42,867 (+9.4%), from €455,773 to €498,640
mainly Net result for the year (+€140,128) and Receivables within one year (+€129,247)
- Tangible fixed assets -€13,247
down €13,247 (-68.7%), from €19,293 to €6,046
of which Furniture and vehicles: -€11,997
- Tax, wage and social debts +€86,308
up €86,308 (+91.9%), from €93,870 to €180,178
of which Taxes: +€85,700
- Other debts -€77,000
down €77,000 (-52.4%), from €147,000 to €70,000
- Reserves -€60,000
down €60,000 (-17.5%), from €343,390 to €283,390
- Contributions -€50,000
down €50,000 (-100%), from €50,000 to €0
- Gross operating margin -€34,531
down €34,531 (-13.6%), from €253,892 to €219,361
- Taxes -€25,872
down €25,872 (-30.1%), from €85,953 to €60,081
- Financial charges +€5,028
up €5,028 (+775%), from €649 to €5,677
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 | €653,188 | €553,350 | -€99,838 | -15.3% |
| Fixed assets | 21/28 | €19,446 | €6,199 | -€13,247 | -68.1% |
| Tangible fixed assets | 22/27 | €19,293 | €6,046 | -€13,247 | -68.7% |
| Plant, machinery and equipment | 23 | €5,192 | €3,942 | -€1,250 | -24.1% |
| Furniture and vehicles | 24 | €14,101 | €2,104 | -€11,997 | -85.1% |
| Financial fixed assets | 28 | €153 | €153 | = | 0.0% |
| Current assets | 29/58 | €633,742 | €547,151 | -€86,591 | -13.7% |
| Amounts receivable within one year | 40/41 | €177,647 | €48,400 | -€129,247 | -72.8% |
| Trade receivables | 40 | €174,719 | €48,400 | -€126,319 | -72.3% |
| Other amounts receivable | 41 | €2,928 | - | -€2,928 | |
| Cash at bank and in hand | 54/58 | €455,773 | €498,640 | +€42,867 | +9.4% |
| Deferred charges and accrued income | 490/1 | €322 | €111 | -€211 | -65.5% |
| Total equity and liabilities | 10/49 | €653,188 | €553,350 | -€99,838 | -15.3% |
| Equity | 10/15 | €400,828 | €290,956 | -€109,872 | -27.4% |
| Contributions | 10/11 | €50,000 | €0 | -€50,000 | -100% |
| Reserves | 13 | €343,390 | €283,390 | -€60,000 | -17.5% |
| Distributable reserves | 133 | €343,390 | €283,390 | -€60,000 | -17.5% |
| Profit (loss) carried forward | 14 | €7,438 | €7,566 | +€128 | +1.7% |
| Amounts payable | 17/49 | €252,360 | €262,394 | +€10,034 | +4.0% |
| Amounts payable within one year | 42/48 | €252,360 | €262,394 | +€10,034 | +4.0% |
| Trade debts | 44 | €11,490 | €12,216 | +€726 | +6.3% |
| Suppliers | 440/4 | €11,490 | €12,216 | +€726 | +6.3% |
| Taxes, remuneration and social security | 45 | €93,870 | €180,178 | +€86,308 | +91.9% |
| Taxes | 450/3 | €92,007 | €177,707 | +€85,700 | +93.1% |
| Remuneration and social security | 454/9 | €1,863 | €2,471 | +€608 | +32.6% |
| Other amounts payable | 47/48 | €147,000 | €70,000 | -€77,000 | -52.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,533 | €13,247 | +€714 | +5.7% |
| Other operating charges | 640/8 | €1,319 | €1,231 | -€88 | -6.7% |
| Non-recurring operating charges | 66A | €7,024 | - | -€7,024 | |
| Gross operating margin | 9900 | €253,892 | €219,361 | -€34,531 | -13.6% |
| Operating profit (loss) | 9901 | €233,016 | €204,883 | -€28,133 | -12.1% |
| Financial income | 75/76B | €1,463 | €1,003 | -€460 | -31.4% |
| Recurring financial income | 75 | €1,463 | €1,003 | -€460 | -31.4% |
| Financial charges | 65/66B | €649 | €5,677 | +€5,028 | +775% |
| Recurring financial charges | 65 | €649 | €5,677 | +€5,028 | +775% |
| Profit (loss) for the period before taxes | 9903 | €233,830 | €200,209 | -€33,621 | -14.4% |
| Income taxes | 67/77 | €85,953 | €60,081 | -€25,872 | -30.1% |
| Profit (loss) for the period | 9904 | €147,877 | €140,128 | -€7,749 | -5.2% |
| Profit (loss) for the period to be appropriated | 9905 | €147,877 | €140,128 | -€7,749 | -5.2% |
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 25 October 2026 via checked.be.