HOME INSULATION PROJECT: 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.
HOME INSULATION PROJECT
Largest movements
- Cash -€1,251
down €1,251 (-36.2%), from €3,454 to €2,203
mainly Net result for the year (-€1,792)
- Receivables within one year -€346
down €346 (-91.0%), from €380 to €34
- Formation expenses -€98
down €98 (-100%), from €98 to €0
- Profit (loss) carried forward -€1,792
down €1,792 (-86.7%), from -€2,068 to -€3,860
- Trade debts +€97
new in 2025: €97
- Depreciation -€747
down €747 (-88.4%), from €845 to €98
- Other operating charges +€418
new in 2025: €418
- Gross operating margin -€34
down €34 (-2.9%), from -€1,186 to -€1,221
- Financial charges +€19
up €19 (+50.8%), from €36 to €55
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 | €3,932 | €2,237 | -€1,695 | -43.1% |
| Formation expenses | 20 | €98 | €0 | -€98 | -100% |
| Current assets | 29/58 | €3,834 | €2,237 | -€1,597 | -41.7% |
| Amounts receivable within one year | 40/41 | €380 | €34 | -€346 | -91.0% |
| Other amounts receivable | 41 | €380 | €34 | -€346 | -91.0% |
| Cash at bank and in hand | 54/58 | €3,454 | €2,203 | -€1,251 | -36.2% |
| Total equity and liabilities | 10/49 | €3,932 | €2,237 | -€1,695 | -43.1% |
| Equity | 10/15 | €3,932 | €2,140 | -€1,792 | -45.6% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,068 | -€3,860 | -€1,792 | -86.7% |
| Amounts payable | 17/49 | - | €97 | +€97 | |
| Amounts payable within one year | 42/48 | - | €97 | +€97 | |
| Trade debts | 44 | - | €97 | +€97 | |
| Suppliers | 440/4 | - | €97 | +€97 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €845 | €98 | -€747 | -88.4% |
| Other operating charges | 640/8 | - | €418 | +€418 | |
| Gross operating margin | 9900 | -€1,186 | -€1,221 | -€34 | -2.9% |
| Operating profit (loss) | 9901 | -€2,032 | -€1,737 | +€295 | +14.5% |
| Financial charges | 65/66B | €36 | €55 | +€19 | +50.8% |
| Recurring financial charges | 65 | €36 | €55 | +€19 | +50.8% |
| Profit (loss) for the period before taxes | 9903 | -€2,068 | -€1,792 | +€276 | +13.3% |
| Profit (loss) for the period | 9904 | -€2,068 | -€1,792 | +€276 | +13.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,068 | -€1,792 | +€276 | +13.3% |
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 28 October 2026 via checked.be.