ISOVAN: 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.
ISOVAN
Largest movements
- Receivables within one year +€153,277
up €153,277 (+37.8%), from €405,608 to €558,885
of which Trade receivables: +€135,290
- Current investments +€131,296
up €131,296 (+130.7%), from €100,454 to €231,750
- Cash +€98,998
up €98,998 (+76.1%), from €130,056 to €229,055
mainly Other debts (+€295,472) and Net result for the year (+€243,799)
- Tangible fixed assets -€47,194
down €47,194 (-23.2%), from €203,304 to €156,110
- Stocks and contracts +€20,420
up €20,420 (+252.1%), from €8,099 to €28,519
- Other debts +€295,472
up €295,472 (+88.6%), from €333,304 to €628,776
- Trade debts +€56,128
up €56,128 (+91.4%), from €61,390 to €117,518
- Debts after one year -€18,270
down €18,270 (-24.2%), from €75,395 to €57,125
- Gross operating margin -€76,683
down €76,683 (-5.5%), from €1.4m to €1.3m
- Staff costs +€51,083
up €51,083 (+6.1%), from €840,987 to €892,070
- Taxes -€32,389
down €32,389 (-35.7%), from €90,649 to €58,260
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 | €880,713 | €1,228,816 | +€348,103 | +39.5% |
| Fixed assets | 21/28 | €216,302 | €167,107 | -€49,194 | -22.7% |
| Intangible fixed assets | 21 | €12,997 | €10,997 | -€2,000 | -15.4% |
| Tangible fixed assets | 22/27 | €203,304 | €156,110 | -€47,194 | -23.2% |
| Land and buildings | 22 | €17,272 | €14,902 | -€2,371 | -13.7% |
| Plant, machinery and equipment | 23 | €77,117 | €54,469 | -€22,648 | -29.4% |
| Furniture and vehicles | 24 | €108,915 | €86,740 | -€22,175 | -20.4% |
| Current assets | 29/58 | €664,412 | €1,061,709 | +€397,297 | +59.8% |
| Stocks and contracts in progress | 3 | €8,099 | €28,519 | +€20,420 | +252.1% |
| Stocks | 30/36 | €8,099 | €28,519 | +€20,420 | +252.1% |
| Amounts receivable within one year | 40/41 | €405,608 | €558,885 | +€153,277 | +37.8% |
| Trade receivables | 40 | €400,172 | €535,462 | +€135,290 | +33.8% |
| Other amounts receivable | 41 | €5,436 | €23,423 | +€17,987 | +330.9% |
| Current investments | 50/53 | €100,454 | €231,750 | +€131,296 | +130.7% |
| Cash at bank and in hand | 54/58 | €130,056 | €229,055 | +€98,998 | +76.1% |
| Deferred charges and accrued income | 490/1 | €20,196 | €13,501 | -€6,694 | -33.1% |
| Total equity and liabilities | 10/49 | €880,713 | €1,228,816 | +€348,103 | +39.5% |
| Equity | 10/15 | €348,709 | €352,508 | +€3,799 | +1.1% |
| Contributions | 10/11 | €10,217 | €10,217 | = | 0.0% |
| Reserves | 13 | €338,492 | €342,291 | +€3,799 | +1.1% |
| Distributable reserves | 133 | €338,492 | €342,291 | +€3,799 | +1.1% |
| Amounts payable | 17/49 | €532,005 | €876,309 | +€344,304 | +64.7% |
| Amounts payable after more than one year | 17 | €75,395 | €57,125 | -€18,270 | -24.2% |
| Financial debts | 170/4 | €75,395 | €57,125 | -€18,270 | -24.2% |
| Amounts payable within one year | 42/48 | €456,610 | €810,218 | +€353,609 | +77.4% |
| Current portion of amounts payable after more than one year | 42 | €17,635 | €18,270 | +€634 | +3.6% |
| Trade debts | 44 | €61,390 | €117,518 | +€56,128 | +91.4% |
| Suppliers | 440/4 | €61,390 | €117,518 | +€56,128 | +91.4% |
| Taxes, remuneration and social security | 45 | €44,280 | €45,654 | +€1,374 | +3.1% |
| Taxes | 450/3 | €1,089 | - | -€1,089 | |
| Remuneration and social security | 454/9 | €43,191 | €45,654 | +€2,462 | +5.7% |
| Other amounts payable | 47/48 | €333,304 | €628,776 | +€295,472 | +88.6% |
| Accrued charges and deferred income | 492/3 | - | €8,965 | +€8,965 | |
| Remuneration, social security and pensions | 62 | €840,987 | €892,070 | +€51,083 | +6.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €114,605 | €107,944 | -€6,661 | -5.8% |
| Other operating charges | 640/8 | €8,558 | €19,555 | +€10,997 | +128.5% |
| Non-recurring operating charges | 66A | €790 | - | -€790 | |
| Gross operating margin | 9900 | €1,398,754 | €1,322,071 | -€76,683 | -5.5% |
| Operating profit (loss) | 9901 | €433,815 | €302,502 | -€131,312 | -30.3% |
| Financial income | 75/76B | €1,945 | €5,011 | +€3,065 | +157.6% |
| Recurring financial income | 75 | €1,945 | €5,011 | +€3,065 | +157.6% |
| Financial charges | 65/66B | €4,858 | €5,454 | +€597 | +12.3% |
| Recurring financial charges | 65 | €4,858 | €5,454 | +€597 | +12.3% |
| Profit (loss) for the period before taxes | 9903 | €430,902 | €302,059 | -€128,843 | -29.9% |
| Income taxes | 67/77 | €90,649 | €58,260 | -€32,389 | -35.7% |
| Profit (loss) for the period | 9904 | €340,253 | €243,799 | -€96,454 | -28.3% |
| Profit (loss) for the period to be appropriated | 9905 | €340,253 | €243,799 | -€96,454 | -28.3% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.