RB-ISOL: 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.
What changed
RB-ISOL
NACE 46.831, Wholesale of construction materials, general range
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€764,296
2024 · €685,239+€79,057
Equity
€5.5m
2024 · €4.7m+€764,296
Cash
€838,414
2024 · €1.2m-€382,402
Balance sheet total
€7.0m
2024 · €8.9m-€1.9m
Largest movements
Assets
- Current investments -€2.1m
down €2.1m (-56.0%), from €3.7m to €1.6m
- Cash -€382,402
down €382,402 (-31.3%), from €1.2m to €838,414
mainly Short-term financial debts (-€2.6m) and Receivables within one year (-€357,392)
- Receivables within one year +€357,392
up €357,392 (+20.1%), from €1.8m to €2.1m
of which Trade receivables: +€319,720
- Stocks and contracts +€250,446
up €250,446 (+17.2%), from €1.5m to €1.7m
- Tangible fixed assets -€90,478
down €90,478 (-12.0%), from €753,590 to €663,112
of which Leasing and similar rights: -€97,333
Equity and liabilities
- Short-term financial debts -€2.6m
down €2.6m (-81.0%), from €3.2m to €617,346
of which Other loans: -€2.6m
- Reserves +€764,296
up €764,296 (+18.1%), from €4.2m to €5.0m
of which Distributable reserves: +€781,121
- Trade debts +€121,977
up €121,977 (+252%), from €48,416 to €170,393
- Debts after one year -€119,050
down €119,050 (-38.8%), from €306,612 to €187,562
Income statement
- Turnover -€713,747
down €713,747 (-6.2%), from €11.6m to €10.9m
- Goods and materials -€603,655
down €603,655 (-7.5%), from €8.1m to €7.5m
of which Change in stocks: decrease (increase): -€839,986
- Services and other goods -€564,519
down €564,519 (-29.9%), from €1.9m to €1.3m
- Staff costs +€229,456
up €229,456 (+38.5%), from €595,301 to €824,757
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.
Result 2024
€685,239
Turnover
-€713,747
Other operating income
+€4,923
Goods and materials
+€603,655
Services and other goods
+€564,519
Staff costs
-€229,456
Depreciation
-€19,911
Other operating charges
+€25,161
Other operating items
-€9,940
Financial income
-€65,451
Financial charges
-€27,928
Taxes
-€52,768
Result 2025
€764,296
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€513,502
Investment
+€1.8m
Financing
-€2.7m
Cash 2024
€1.2m
From operations (derived)
+€513,502
Net result for the year
+€764,296
Depreciation
+€275,272
Stocks and contracts
-€250,446
Receivables within one year
-€357,392
Smaller working-capital items
-€11,676
Trade debts
+€121,977
Tax, wage and social debts
-€28,530
Investment (derived)
+€1.8m
Investment in fixed assets (net)
-€205,937
Current investments
+€2.1m
Financing
-€2.7m
Debts after one year
-€119,050
Current portion of long-term debt
+€4,579
Short-term financial debts
-€2.6m
Cash 2025
€838,414
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €8,887,250 | €6,994,054 | -€1.9m | -21.3% |
| Fixed assets | 21/28 | €764,211 | €694,876 | -€69,335 | -9.1% |
| Intangible fixed assets | 21 | €5,467 | €25,585 | +€20,118 | +368% |
| Tangible fixed assets | 22/27 | €753,590 | €663,112 | -€90,478 | -12.0% |
| Plant, machinery and equipment | 23 | €36,649 | €40,198 | +€3,549 | +9.7% |
| Furniture and vehicles | 24 | €337,051 | €323,468 | -€13,583 | -4.0% |
| Leasing and similar rights | 25 | €292,000 | €194,667 | -€97,333 | -33.3% |
| Other tangible fixed assets | 26 | €87,891 | €104,780 | +€16,889 | +19.2% |
| Financial fixed assets | 28 | €5,154 | €6,179 | +€1,025 | +19.9% |
| Other financial fixed assets | 284/8 | €5,154 | €6,179 | +€1,025 | +19.9% |
| Amounts receivable and cash guarantees | 285/8 | €5,154 | €6,179 | +€1,025 | +19.9% |
| Current assets | 29/58 | €8,123,040 | €6,299,178 | -€1.8m | -22.5% |
| Stocks and contracts in progress | 3 | €1,451,898 | €1,702,344 | +€250,446 | +17.2% |
| Stocks | 30/36 | €1,451,898 | €1,702,344 | +€250,446 | +17.2% |
| Goods purchased for resale | 34 | €1,451,898 | €1,702,344 | +€250,446 | +17.2% |
| Amounts receivable within one year | 40/41 | €1,780,218 | €2,137,610 | +€357,392 | +20.1% |
| Trade receivables | 40 | €1,688,106 | €2,007,826 | +€319,720 | +18.9% |
| Other amounts receivable | 41 | €92,112 | €129,784 | +€37,672 | +40.9% |
| Current investments | 50/53 | €3,667,063 | €1,611,699 | -€2.1m | -56.0% |
| Other investments | 51/53 | €3,667,063 | €1,611,699 | -€2.1m | -56.0% |
| Cash at bank and in hand | 54/58 | €1,220,816 | €838,414 | -€382,402 | -31.3% |
| Deferred charges and accrued income | 490/1 | €3,045 | €9,112 | +€6,067 | +199% |
| Total equity and liabilities | 10/49 | €8,887,250 | €6,994,054 | -€1.9m | -21.3% |
| Equity | 10/15 | €4,741,347 | €5,505,643 | +€764,296 | +16.1% |
| Contributions | 10/11 | €525,000 | €525,000 | = | 0.0% |
| Reserves | 13 | €4,216,347 | €4,980,643 | +€764,296 | +18.1% |
| Tax-exempt reserves | 132 | €50,476 | €33,650 | -€16,825 | -33.3% |
| Distributable reserves | 133 | €4,165,871 | €4,946,992 | +€781,121 | +18.8% |
| Provisions and deferred taxes | 16 | €290,045 | €284,436 | -€5,608 | -1.9% |
| Provisions for liabilities and charges | 160/5 | €273,219 | €273,219 | = | 0.0% |
| Pensions and similar obligations | 160 | €273,219 | €273,219 | = | 0.0% |
| Deferred taxes | 168 | €16,825 | €11,217 | -€5,608 | -33.3% |
| Amounts payable | 17/49 | €3,855,859 | €1,203,975 | -€2.7m | -68.8% |
| Amounts payable after more than one year | 17 | €306,612 | €187,562 | -€119,050 | -38.8% |
| Financial debts | 170/4 | €306,612 | €187,562 | -€119,050 | -38.8% |
| Leasing and similar obligations | 172 | €306,612 | €187,562 | -€119,050 | -38.8% |
| Amounts payable within one year | 42/48 | €3,549,247 | €1,016,413 | -€2.5m | -71.4% |
| Current portion of amounts payable after more than one year | 42 | €114,471 | €119,050 | +€4,579 | +4.0% |
| Financial debts | 43 | €3,248,206 | €617,346 | -€2.6m | -81.0% |
| Credit institutions | 430/8 | €101,528 | €101,102 | -€426 | -0.4% |
| Other loans | 439 | €3,146,678 | €516,244 | -€2.6m | -83.6% |
| Trade debts | 44 | €48,416 | €170,393 | +€121,977 | +252% |
| Suppliers | 440/4 | €48,416 | €170,393 | +€121,977 | +252% |
| Taxes, remuneration and social security | 45 | €138,154 | €109,624 | -€28,530 | -20.7% |
| Taxes | 450/3 | €75,567 | €24,863 | -€50,704 | -67.1% |
| Remuneration and social security | 454/9 | €62,587 | €84,761 | +€22,174 | +35.4% |
| Operating income | 70/76A | €11,643,197 | €10,924,434 | -€718,763 | -6.2% |
| Turnover | 70 | €11,579,696 | €10,865,950 | -€713,747 | -6.2% |
| Other operating income | 74 | €52,561 | €57,484 | +€4,923 | +9.4% |
| Non-recurring operating income | 76A | €10,940 | €1,000 | -€9,940 | -90.9% |
| Operating charges | 60/66A | €10,899,291 | €9,955,324 | -€943,967 | -8.7% |
| Goods for resale, raw materials and consumables | 60 | €8,096,139 | €7,492,484 | -€603,655 | -7.5% |
| Purchases | 600/8 | €7,506,599 | €7,742,930 | +€236,331 | +3.1% |
| Change in stocks: decrease (increase) | 609 | €589,540 | -€250,446 | -€839,986 | |
| Services and other goods | 61 | €1,887,199 | €1,322,680 | -€564,519 | -29.9% |
| Remuneration, social security and pensions | 62 | €595,301 | €824,757 | +€229,456 | +38.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €255,361 | €275,272 | +€19,911 | +7.8% |
| Other operating charges | 640/8 | €65,292 | €40,131 | -€25,161 | -38.5% |
| Operating profit (loss) | 9901 | €743,906 | €969,110 | +€225,204 | +30.3% |
| Financial income | 75/76B | €255,874 | €190,423 | -€65,451 | -25.6% |
| Recurring financial income | 75 | €255,874 | €190,423 | -€65,451 | -25.6% |
| Income from current assets | 751 | €52,873 | €9,900 | -€42,972 | -81.3% |
| Other financial income | 752/9 | €203,001 | €180,523 | -€22,478 | -11.1% |
| Financial charges | 65/66B | €91,998 | €119,926 | +€27,928 | +30.4% |
| Recurring financial charges | 65 | €91,998 | €119,926 | +€27,928 | +30.4% |
| Debt charges | 650 | €26,047 | €22,609 | -€3,438 | -13.2% |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals) | 651 | €0 | - | = | |
| Other financial charges | 652/9 | €65,951 | €97,318 | +€31,367 | +47.6% |
| Profit (loss) for the period before taxes | 9903 | €907,782 | €1,039,607 | +€131,825 | +14.5% |
| Transfer from deferred taxes | 780 | €5,608 | €5,608 | = | 0.0% |
| Income taxes | 67/77 | €228,151 | €280,919 | +€52,768 | +23.1% |
| Taxes | 670/3 | €232,290 | €280,919 | +€48,629 | +20.9% |
| Tax adjustments and reversals of tax provisions | 77 | €4,139 | €0 | -€4,139 | -100% |
| Profit (loss) for the period | 9904 | €685,239 | €764,296 | +€79,057 | +11.5% |
| Transfer from tax-exempt reserves | 789 | €16,825 | €16,825 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €702,064 | €781,121 | +€79,057 | +11.3% |
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 14 October 2026 via checked.be.