ISOWOOD: 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.
ISOWOOD
Largest movements
- Receivables within one year +€37,704
up €37,704 (+197%), from €19,141 to €56,845
of which Other amounts receivable: +€37,704
- Cash +€11,500
up €11,500 (+17,143%), from €67 to €11,567
mainly Net result for the year (+€29,916) and Tax, wage and social debts (+€15,390)
- Tangible fixed assets -€8,105
down €8,105 (-82.1%), from €9,877 to €1,772
- Intangible fixed assets -€5,623
down €5,623 (-10.0%), from €56,211 to €50,588
- Reserves +€27,416
up €27,416 (+205%), from €13,367 to €40,783
- Tax, wage and social debts +€15,390
up €15,390 (+63.6%), from €24,205 to €39,595
- Trade debts -€8,074
down €8,074 (-19.7%), from €40,968 to €32,894
- Other debts +€2,500
new in 2025: €2,500
- Current portion of long-term debt -€1,756
down €1,756 (-100%), from €1,756 to €0
- Depreciation +€6,986
up €6,986 (+104%), from €6,742 to €13,728
- Gross operating margin +€6,738
up €6,738 (+11.0%), from €61,495 to €68,233
- Financial charges +€5,621
up €5,621 (+457%), from €1,231 to €6,852
- Taxes +€4,161
up €4,161 (+41.3%), from €10,069 to €14,229
- Other operating charges +€1,107
up €1,107 (+172%), from €642 to €1,749
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 | €85,296 | €120,772 | +€35,476 | +41.6% |
| Fixed assets | 21/28 | €66,088 | €52,360 | -€13,728 | -20.8% |
| Intangible fixed assets | 21 | €56,211 | €50,588 | -€5,623 | -10.0% |
| Tangible fixed assets | 22/27 | €9,877 | €1,772 | -€8,105 | -82.1% |
| Furniture and vehicles | 24 | €9,877 | €1,772 | -€8,105 | -82.1% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €19,208 | €68,412 | +€49,204 | +256% |
| Amounts receivable within one year | 40/41 | €19,141 | €56,845 | +€37,704 | +197% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €19,141 | €56,845 | +€37,704 | +197% |
| Cash at bank and in hand | 54/58 | €67 | €11,567 | +€11,500 | +17,143% |
| Total equity and liabilities | 10/49 | €85,296 | €120,772 | +€35,476 | +41.6% |
| Equity | 10/15 | €18,367 | €45,783 | +€27,416 | +149% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €13,367 | €40,783 | +€27,416 | +205% |
| Distributable reserves | 133 | €13,367 | €40,783 | +€27,416 | +205% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €66,929 | €74,989 | +€8,060 | +12.0% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €66,929 | €74,989 | +€8,060 | +12.0% |
| Current portion of amounts payable after more than one year | 42 | €1,756 | €0 | -€1,756 | -100% |
| Trade debts | 44 | €40,968 | €32,894 | -€8,074 | -19.7% |
| Suppliers | 440/4 | €40,968 | €32,894 | -€8,074 | -19.7% |
| Taxes, remuneration and social security | 45 | €24,205 | €39,595 | +€15,390 | +63.6% |
| Taxes | 450/3 | €24,205 | €39,595 | +€15,390 | +63.6% |
| Other amounts payable | 47/48 | - | €2,500 | +€2,500 | |
| Non-recurring operating income | 76A | €14,463 | €0 | -€14,463 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,742 | €13,728 | +€6,986 | +104% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €642 | €1,749 | +€1,107 | +172% |
| Non-recurring operating charges | 66A | - | €3,840 | +€3,840 | |
| Gross operating margin | 9900 | €61,495 | €68,233 | +€6,738 | +11.0% |
| Operating profit (loss) | 9901 | €54,110 | €48,916 | -€5,195 | -9.6% |
| Financial income | 75/76B | €2,653 | €2,081 | -€571 | -21.5% |
| Recurring financial income | 75 | €2,653 | €2,081 | -€571 | -21.5% |
| Financial charges | 65/66B | €1,231 | €6,852 | +€5,621 | +457% |
| Recurring financial charges | 65 | €1,231 | €6,852 | +€5,621 | +457% |
| Profit (loss) for the period before taxes | 9903 | €55,532 | €44,145 | -€11,387 | -20.5% |
| Income taxes | 67/77 | €10,069 | €14,229 | +€4,161 | +41.3% |
| Profit (loss) for the period | 9904 | €45,464 | €29,916 | -€15,548 | -34.2% |
| Profit (loss) for the period to be appropriated | 9905 | €45,464 | €29,916 | -€15,548 | -34.2% |
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 18 October 2026 via checked.be.