BERNARD INSEL: 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.
BERNARD INSEL
Largest movements
- Receivables within one year +€112,145
up €112,145 (+21.7%), from €516,173 to €628,318
of which Trade receivables: +€64,124
- Cash -€95,988
down €95,988 (-30.1%), from €318,868 to €222,880
mainly Advances received (-€265,203) and Receivables within one year (-€112,145)
- Advances received -€265,203
down €265,203 (-83.9%), from €316,196 to €50,993
- Trade debts +€195,515
up €195,515 (+662%), from €29,541 to €225,056
- Reserves +€52,055
up €52,055 (+11.9%), from €439,088 to €491,143
of which Distributable reserves: +€52,055
- Tax, wage and social debts +€34,812
up €34,812 (+160%), from €21,771 to €56,583
of which Taxes: +€35,396
- Gross operating margin +€48,371
up €48,371 (+77.1%), from €62,735 to €111,106
- Taxes +€9,693
up €9,693 (+168%), from €5,753 to €15,446
- Financial charges +€2,041
up €2,041 (+206%), from €993 to €3,034
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 | €860,788 | €877,449 | +€16,661 | +1.9% |
| Fixed assets | 21/28 | €20,196 | €20,206 | +€10 | 0.0% |
| Tangible fixed assets | 22/27 | €19,977 | €19,987 | +€10 | 0.0% |
| Plant, machinery and equipment | 23 | €677 | €339 | -€339 | -50.0% |
| Furniture and vehicles | 24 | €19,300 | €19,648 | +€348 | +1.8% |
| Financial fixed assets | 28 | €219 | €219 | = | 0.0% |
| Current assets | 29/58 | €840,592 | €857,243 | +€16,651 | +2.0% |
| Amounts receivable within one year | 40/41 | €516,173 | €628,318 | +€112,145 | +21.7% |
| Trade receivables | 40 | €216,929 | €281,053 | +€64,124 | +29.6% |
| Other amounts receivable | 41 | €299,244 | €347,265 | +€48,021 | +16.0% |
| Cash at bank and in hand | 54/58 | €318,868 | €222,880 | -€95,988 | -30.1% |
| Deferred charges and accrued income | 490/1 | €5,551 | €6,045 | +€494 | +8.9% |
| Total equity and liabilities | 10/49 | €860,788 | €877,449 | +€16,661 | +1.9% |
| Equity | 10/15 | €451,588 | €503,643 | +€52,055 | +11.5% |
| Contributions | 10/11 | €12,500 | €12,500 | = | 0.0% |
| Reserves | 13 | €439,088 | €491,143 | +€52,055 | +11.9% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €439,088 | €491,143 | +€52,055 | +11.9% |
| Amounts payable | 17/49 | €409,200 | €373,806 | -€35,394 | -8.6% |
| Amounts payable within one year | 42/48 | €373,025 | €332,631 | -€40,394 | -10.8% |
| Financial debts | 43 | €5,517 | €0 | -€5,517 | -100% |
| Credit institutions | 430/8 | €5,517 | €0 | -€5,517 | -100% |
| Trade debts | 44 | €29,541 | €225,056 | +€195,515 | +662% |
| Suppliers | 440/4 | €29,541 | €225,056 | +€195,515 | +662% |
| Advances received on contracts in progress | 46 | €316,196 | €50,993 | -€265,203 | -83.9% |
| Taxes, remuneration and social security | 45 | €21,771 | €56,583 | +€34,812 | +160% |
| Taxes | 450/3 | €17,834 | €53,230 | +€35,396 | +198% |
| Remuneration and social security | 454/9 | €3,937 | €3,353 | -€584 | -14.8% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €36,175 | €41,175 | +€5,000 | +13.8% |
| Non-recurring operating income | 76A | €29,329 | €0 | -€29,329 | -100% |
| Remuneration, social security and pensions | 62 | €37,821 | €38,853 | +€1,032 | +2.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €633 | €729 | +€96 | +15.1% |
| Other operating charges | 640/8 | €1,113 | €990 | -€124 | -11.1% |
| Gross operating margin | 9900 | €62,735 | €111,106 | +€48,371 | +77.1% |
| Operating profit (loss) | 9901 | €23,166 | €70,534 | +€47,367 | +204% |
| Financial income | 75/76B | €548 | €1 | -€547 | -99.8% |
| Recurring financial income | 75 | €548 | €1 | -€547 | -99.8% |
| Financial charges | 65/66B | €993 | €3,034 | +€2,041 | +206% |
| Recurring financial charges | 65 | €993 | €3,034 | +€2,041 | +206% |
| Profit (loss) for the period before taxes | 9903 | €22,722 | €67,501 | +€44,779 | +197% |
| Income taxes | 67/77 | €5,753 | €15,446 | +€9,693 | +168% |
| Profit (loss) for the period | 9904 | €16,969 | €52,055 | +€35,086 | +207% |
| Profit (loss) for the period to be appropriated | 9905 | €16,969 | €52,055 | +€35,086 | +207% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.