ISOWIT: what changed
ISOWIT
Largest movements
- Receivables within one year +€373,638
up €373,638 (+127%), from €294,918 to €668,556
of which Other amounts receivable: +€269,734
- Cash -€370,148
down €370,148 (-57.3%), from €646,096 to €275,948
mainly Contributions, distributions and other (-€1.0m) and Investment in fixed assets (net) (-€402,219)
- Tangible fixed assets +€224,318
up €224,318 (+15.1%), from €1.5m to €1.7m
of which Furniture and vehicles: +€235,505
- Stocks and contracts +€167,134
up €167,134 (+116%), from €144,375 to €311,509
of which Stocks: +€128,994
- Debts after one year +€1.2m
up €1.2m (+200%), from €611,064 to €1.8m
- Reserves -€569,408
down €569,408 (-96.1%), from €592,806 to €23,399
- Profit (loss) carried forward -€409,562
down €409,562 (-100%), from €409,562 to €0
- Trade debts +€159,140
up €159,140 (+1,419%), from €11,219 to €170,359
- Gross operating margin +€101,789
up €101,789 (+14.1%), from €720,156 to €821,946
- Staff costs -€35,014
down €35,014 (-6.3%), from €551,522 to €516,508
- Depreciation -€22,143
down €22,143 (-11.2%), from €197,870 to €175,727
- Financial charges +€10,926
up €10,926 (+33.4%), from €32,712 to €43,638
- Other operating charges +€10,431
up €10,431 (+63.5%), from €16,427 to €26,858
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,601,898 | €2,978,510 | +€376,612 | +14.5% |
| Fixed assets | 21/28 | €1,483,921 | €1,710,412 | +€226,491 | +15.3% |
| Intangible fixed assets | 21 | - | €2,173 | +€2,173 | |
| Tangible fixed assets | 22/27 | €1,482,921 | €1,707,239 | +€224,318 | +15.1% |
| Land and buildings | 22 | €1,122,547 | €1,048,922 | -€73,625 | -6.6% |
| Plant, machinery and equipment | 23 | €89,445 | €151,883 | +€62,438 | +69.8% |
| Furniture and vehicles | 24 | €268,544 | €504,049 | +€235,505 | +87.7% |
| Other tangible fixed assets | 26 | €2,385 | €2,385 | = | 0.0% |
| Financial fixed assets | 28 | €1,000 | €1,000 | = | 0.0% |
| Current assets | 29/58 | €1,117,976 | €1,268,098 | +€150,121 | +13.4% |
| Stocks and contracts in progress | 3 | €144,375 | €311,509 | +€167,134 | +116% |
| Stocks | 30/36 | €143,975 | €272,969 | +€128,994 | +89.6% |
| Contracts in progress | 37 | €400 | €38,540 | +€38,140 | +9,535% |
| Amounts receivable within one year | 40/41 | €294,918 | €668,556 | +€373,638 | +127% |
| Trade receivables | 40 | €180,001 | €283,905 | +€103,904 | +57.7% |
| Other amounts receivable | 41 | €114,917 | €384,651 | +€269,734 | +235% |
| Cash at bank and in hand | 54/58 | €646,096 | €275,948 | -€370,148 | -57.3% |
| Deferred charges and accrued income | 490/1 | €32,587 | €12,085 | -€20,503 | -62.9% |
| Total equity and liabilities | 10/49 | €2,601,898 | €2,978,510 | +€376,612 | +14.5% |
| Equity | 10/15 | €1,685,960 | €706,991 | -€978,970 | -58.1% |
| Contributions | 10/11 | €683,592 | €683,592 | = | 0.0% |
| Reserves | 13 | €592,806 | €23,399 | -€569,408 | -96.1% |
| Distributable reserves | 133 | €592,806 | €23,399 | -€569,408 | -96.1% |
| Profit (loss) carried forward | 14 | €409,562 | €0 | -€409,562 | -100% |
| Amounts payable | 17/49 | €915,937 | €2,271,519 | +€1.4m | +148% |
| Amounts payable after more than one year | 17 | €611,064 | €1,834,790 | +€1.2m | +200% |
| Financial debts | 170/4 | €611,064 | €1,834,790 | +€1.2m | +200% |
| Amounts payable within one year | 42/48 | €304,844 | €436,729 | +€131,886 | +43.3% |
| Current portion of amounts payable after more than one year | 42 | €194,816 | €168,021 | -€26,795 | -13.8% |
| Trade debts | 44 | €11,219 | €170,359 | +€159,140 | +1,419% |
| Suppliers | 440/4 | €11,219 | €170,359 | +€159,140 | +1,419% |
| Taxes, remuneration and social security | 45 | €91,338 | €94,738 | +€3,400 | +3.7% |
| Taxes | 450/3 | €11,350 | €7,840 | -€3,510 | -30.9% |
| Remuneration and social security | 454/9 | €79,988 | €86,898 | +€6,910 | +8.6% |
| Other amounts payable | 47/48 | €7,471 | €3,611 | -€3,860 | -51.7% |
| Accrued charges and deferred income | 492/3 | €29 | - | -€29 | |
| Non-recurring operating income | 76A | - | €30,830 | +€30,830 | |
| Remuneration, social security and pensions | 62 | €551,522 | €516,508 | -€35,014 | -6.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €197,870 | €175,727 | -€22,143 | -11.2% |
| Other operating charges | 640/8 | €16,427 | €26,858 | +€10,431 | +63.5% |
| Non-recurring operating charges | 66A | - | €44,618 | +€44,618 | |
| Gross operating margin | 9900 | €720,156 | €821,946 | +€101,789 | +14.1% |
| Operating profit (loss) | 9901 | -€45,663 | €58,233 | +€103,896 | |
| Financial income | 75/76B | €9,517 | €7,327 | -€2,190 | -23.0% |
| Recurring financial income | 75 | €9,517 | €7,327 | -€2,190 | -23.0% |
| Financial charges | 65/66B | €32,712 | €43,638 | +€10,926 | +33.4% |
| Recurring financial charges | 65 | €32,712 | €43,638 | +€10,926 | +33.4% |
| Profit (loss) for the period before taxes | 9903 | -€68,858 | €21,923 | +€90,780 | |
| Income taxes | 67/77 | €961 | €892 | -€68 | -7.1% |
| Profit (loss) for the period | 9904 | -€69,818 | €21,030 | +€90,848 | |
| Profit (loss) for the period to be appropriated | 9905 | -€69,818 | €21,030 | +€90,848 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.