INESIGHTS: 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.
INESIGHTS
Largest movements
- Tangible fixed assets +€59,382
up €59,382 (+28.0%), from €212,153 to €271,535
of which Land and buildings: +€55,272
- Cash -€54,870
down €54,870 (-55.7%), from €98,425 to €43,556
mainly Investment in fixed assets (net) (-€74,488) and Receivables within one year (-€10,125)
- Receivables within one year +€10,125
up €10,125 (+122.1%), from €8,291 to €18,415
of which Trade receivables: +€7,218
- Reserves +€14,804
up €14,804 (+17.9%), from €82,502 to €97,305
- Trade debts -€7,760
down €7,760 (-49.3%), from €15,751 to €7,991
- Debts after one year +€7,159
up €7,159 (+3.5%), from €202,105 to €209,265
- Gross operating margin +€24,575
up €24,575 (+133.3%), from €18,439 to €43,014
- Depreciation +€5,210
up €5,210 (+59.6%), from €8,737 to €13,947
- Taxes +€3,342
up €3,342 (+298.2%), from €1,121 to €4,463
- Financial charges +€1,898
up €1,898 (+39.9%), from €4,759 to €6,657
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 | €327,031 | €342,425 | +€15,394 | +4.7% |
| Fixed assets | 21/28 | €219,913 | €280,454 | +€60,541 | +27.5% |
| Intangible fixed assets | 21 | €2,460 | €3,619 | +€1,159 | +47.1% |
| Tangible fixed assets | 22/27 | €212,153 | €271,535 | +€59,382 | +28.0% |
| Land and buildings | 22 | €210,843 | €266,115 | +€55,272 | +26.2% |
| Plant, machinery and equipment | 23 | - | €2,798 | +€2,798 | |
| Furniture and vehicles | 24 | €535 | €2,184 | +€1,650 | +308.6% |
| Other tangible fixed assets | 26 | €775 | €438 | -€338 | -43.6% |
| Financial fixed assets | 28 | €5,300 | €5,300 | = | 0.0% |
| Current assets | 29/58 | €107,118 | €61,971 | -€45,147 | -42.1% |
| Amounts receivable within one year | 40/41 | €8,291 | €18,415 | +€10,125 | +122.1% |
| Trade receivables | 40 | €3,412 | €10,630 | +€7,218 | +211.6% |
| Other amounts receivable | 41 | €4,879 | €7,786 | +€2,906 | +59.6% |
| Cash at bank and in hand | 54/58 | €98,425 | €43,556 | -€54,870 | -55.7% |
| Deferred charges and accrued income | 490/1 | €402 | - | -€402 | |
| Total equity and liabilities | 10/49 | €327,031 | €342,425 | +€15,394 | +4.7% |
| Equity | 10/15 | €87,502 | €102,305 | +€14,804 | +16.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €82,502 | €97,305 | +€14,804 | +17.9% |
| Distributable reserves | 133 | €82,502 | €97,305 | +€14,804 | +17.9% |
| Amounts payable | 17/49 | €239,529 | €240,119 | +€590 | +0.2% |
| Amounts payable after more than one year | 17 | €202,105 | €209,265 | +€7,159 | +3.5% |
| Financial debts | 170/4 | €202,105 | €209,265 | +€7,159 | +3.5% |
| Amounts payable within one year | 42/48 | €37,294 | €30,725 | -€6,569 | -17.6% |
| Current portion of amounts payable after more than one year | 42 | €10,800 | €11,170 | +€370 | +3.4% |
| Trade debts | 44 | €15,751 | €7,991 | -€7,760 | -49.3% |
| Suppliers | 440/4 | €15,751 | €7,991 | -€7,760 | -49.3% |
| Taxes, remuneration and social security | 45 | €8,303 | €9,710 | +€1,408 | +17.0% |
| Taxes | 450/3 | €6,078 | €7,485 | +€1,408 | +23.2% |
| Remuneration and social security | 454/9 | €2,225 | €2,225 | = | 0.0% |
| Other amounts payable | 47/48 | €2,440 | €1,854 | -€587 | -24.0% |
| Accrued charges and deferred income | 492/3 | €130 | €130 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,737 | €13,947 | +€5,210 | +59.6% |
| Other operating charges | 640/8 | €1,389 | €1,570 | +€181 | +13.0% |
| Gross operating margin | 9900 | €18,439 | €43,014 | +€24,575 | +133.3% |
| Operating profit (loss) | 9901 | €8,313 | €27,497 | +€19,184 | +230.8% |
| Financial income | 75/76B | €6 | €93 | +€87 | +1435.5% |
| Recurring financial income | 75 | €6 | €93 | +€87 | +1435.5% |
| Financial charges | 65/66B | €4,759 | €6,657 | +€1,898 | +39.9% |
| Recurring financial charges | 65 | €4,759 | €6,657 | +€1,898 | +39.9% |
| Profit (loss) for the period before taxes | 9903 | €3,560 | €20,932 | +€17,372 | +488.0% |
| Income taxes | 67/77 | €1,121 | €4,463 | +€3,342 | +298.2% |
| Profit (loss) for the period | 9904 | €2,439 | €16,470 | +€14,030 | +575.2% |
| Profit (loss) for the period to be appropriated | 9905 | €2,439 | €16,470 | +€14,030 | +575.2% |
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 12 October 2026 via checked.be.