ISSOTEX: 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.
ISSOTEX
Largest movements
- Cash +€66,757
up €66,757 (+102.4%), from €65,167 to €131,924
mainly Trade debts (+€122,592) and Depreciation (+€51,101)
- Tangible fixed assets -€41,777
down €41,777 (-5.4%), from €767,339 to €725,562
of which Land and buildings: -€39,867
- Stocks and contracts +€29,341
up €29,341 (+4.0%), from €741,408 to €770,749
- Receivables within one year +€23,096
up €23,096 (+46.8%), from €49,376 to €72,472
of which Trade receivables: +€16,673
- Trade debts +€122,592
up €122,592 (+93.4%), from €131,252 to €253,843
- Debts after one year -€52,017
down €52,017 (-6.8%), from €759,516 to €707,499
- Reserves +€38,435
up €38,435 (+10.6%), from €362,784 to €401,219
of which Distributable reserves: +€38,435
- Gross operating margin +€47,847
up €47,847 (+18.8%), from €254,726 to €302,574
- Write-downs +€17,235
up €17,235, from -€1,501 to €15,733
- Staff costs +€7,933
up €7,933 (+6.4%), from €124,591 to €132,524
- Taxes +€5,324
up €5,324 (+54.1%), from €9,834 to €15,158
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 | €1,628,026 | €1,716,879 | +€88,854 | +5.5% |
| Fixed assets | 21/28 | €767,339 | €725,562 | -€41,777 | -5.4% |
| Tangible fixed assets | 22/27 | €767,339 | €725,562 | -€41,777 | -5.4% |
| Land and buildings | 22 | €751,744 | €711,877 | -€39,867 | -5.3% |
| Plant, machinery and equipment | 23 | €9,083 | €7,875 | -€1,208 | -13.3% |
| Furniture and vehicles | 24 | €6,512 | €5,810 | -€703 | -10.8% |
| Current assets | 29/58 | €860,687 | €991,318 | +€130,631 | +15.2% |
| Stocks and contracts in progress | 3 | €741,408 | €770,749 | +€29,341 | +4.0% |
| Stocks | 30/36 | €741,408 | €770,749 | +€29,341 | +4.0% |
| Amounts receivable within one year | 40/41 | €49,376 | €72,472 | +€23,096 | +46.8% |
| Trade receivables | 40 | €40,434 | €57,107 | +€16,673 | +41.2% |
| Other amounts receivable | 41 | €8,942 | €15,366 | +€6,423 | +71.8% |
| Cash at bank and in hand | 54/58 | €65,167 | €131,924 | +€66,757 | +102.4% |
| Deferred charges and accrued income | 490/1 | €4,735 | €16,173 | +€11,437 | +241.5% |
| Total equity and liabilities | 10/49 | €1,628,026 | €1,716,879 | +€88,854 | +5.5% |
| Equity | 10/15 | €581,384 | €619,819 | +€38,435 | +6.6% |
| Contributions | 10/11 | €218,600 | €218,600 | = | 0.0% |
| Reserves | 13 | €362,784 | €401,219 | +€38,435 | +10.6% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €37,500 | €37,500 | = | 0.0% |
| Distributable reserves | 133 | €325,284 | €363,719 | +€38,435 | +11.8% |
| Amounts payable | 17/49 | €1,046,642 | €1,097,061 | +€50,419 | +4.8% |
| Amounts payable after more than one year | 17 | €759,516 | €707,499 | -€52,017 | -6.8% |
| Financial debts | 170/4 | €759,516 | €707,499 | -€52,017 | -6.8% |
| Amounts payable within one year | 42/48 | €270,000 | €389,067 | +€119,067 | +44.1% |
| Current portion of amounts payable after more than one year | 42 | €52,948 | €52,017 | -€931 | -1.8% |
| Trade debts | 44 | €131,252 | €253,843 | +€122,592 | +93.4% |
| Suppliers | 440/4 | €131,252 | €253,843 | +€122,592 | +93.4% |
| Advances received on contracts in progress | 46 | - | €598 | +€598 | |
| Taxes, remuneration and social security | 45 | €43,539 | €41,844 | -€1,695 | -3.9% |
| Taxes | 450/3 | €16,300 | €9,668 | -€6,632 | -40.7% |
| Remuneration and social security | 454/9 | €27,240 | €32,176 | +€4,937 | +18.1% |
| Other amounts payable | 47/48 | €42,261 | €40,765 | -€1,496 | -3.5% |
| Accrued charges and deferred income | 492/3 | €17,126 | €495 | -€16,631 | -97.1% |
| Remuneration, social security and pensions | 62 | €124,591 | €132,524 | +€7,933 | +6.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €50,956 | €51,101 | +€145 | +0.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€1,501 | €15,733 | +€17,235 | |
| Other operating charges | 640/8 | €22,614 | €25,026 | +€2,411 | +10.7% |
| Gross operating margin | 9900 | €254,726 | €302,574 | +€47,847 | +18.8% |
| Operating profit (loss) | 9901 | €58,066 | €78,189 | +€20,124 | +34.7% |
| Financial income | 75/76B | €2,340 | €3,814 | +€1,474 | +63.0% |
| Recurring financial income | 75 | €2,340 | €3,814 | +€1,474 | +63.0% |
| Financial charges | 65/66B | €26,047 | €28,411 | +€2,364 | +9.1% |
| Recurring financial charges | 65 | €26,047 | €28,411 | +€2,364 | +9.1% |
| Profit (loss) for the period before taxes | 9903 | €34,359 | €53,592 | +€19,233 | +56.0% |
| Income taxes | 67/77 | €9,834 | €15,158 | +€5,324 | +54.1% |
| Profit (loss) for the period | 9904 | €24,526 | €38,435 | +€13,909 | +56.7% |
| Profit (loss) for the period to be appropriated | 9905 | €24,526 | €38,435 | +€13,909 | +56.7% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.