INSAF BUSINESS: what changed
What changed
INSAF BUSINESS
NACE 47.110, Non-specialised retail sale with food, beverages or tobacco predominating
filed annual accounts (NBB)
Net result for the year
-€21,344
2023 · €174-€21,518
Equity
-€49,756
2023 · -€28,412-€21,344
Cash
€1,184
2023 · €132+€1,052
Balance sheet total
€56,025
2023 · €56,090-€65
Largest movements
Assets
- Cash +€1,052
up €1,052 (+797%), from €132 to €1,184
mainly Trade debts (+€21,584) and Receivables within one year (+€818)
- Receivables within one year -€818
down €818 (-37.1%), from €2,204 to €1,386
Equity and liabilities
- Trade debts +€21,584
up €21,584 (+920%), from €2,347 to €23,931
- Profit (loss) carried forward -€21,344
down €21,344 (-58.5%), from -€36,472 to -€57,816
Income statement
- Gross operating margin -€22,280
down €22,280, from €2,886 to -€19,394
- Other operating charges -€594
down €594 (-54.7%), from €1,085 to €491
Change in the result, 2023 to 2024
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2023
€174
Gross operating margin
-€22,280
Depreciation
+€2
Other operating charges
+€594
Financial charges
+€166
Result 2024
-€21,344
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2023 and 2024 balance sheets and the 2024 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€1,052
Investment
€0
Financing
€0
Cash 2023
€132
From operations (derived)
+€1,052
Net result for the year
-€21,344
Depreciation
+€299
Receivables within one year
+€818
Trade debts
+€21,584
Other debts
-€305
Cash 2024
€1,184
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €56,090 | €56,025 | -€65 | -0.1% |
| Fixed assets | 21/28 | €634 | €335 | -€299 | -47.2% |
| Tangible fixed assets | 22/27 | €634 | €335 | -€299 | -47.2% |
| Plant, machinery and equipment | 23 | €296 | €156 | -€140 | -47.3% |
| Furniture and vehicles | 24 | €338 | €179 | -€159 | -47.0% |
| Current assets | 29/58 | €55,456 | €55,690 | +€234 | +0.4% |
| Stocks and contracts in progress | 3 | €53,120 | €53,120 | = | 0.0% |
| Stocks | 30/36 | €53,120 | €53,120 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €2,204 | €1,386 | -€818 | -37.1% |
| Other amounts receivable | 41 | €2,204 | €1,386 | -€818 | -37.1% |
| Cash at bank and in hand | 54/58 | €132 | €1,184 | +€1,052 | +797% |
| Total equity and liabilities | 10/49 | €56,090 | €56,025 | -€65 | -0.1% |
| Equity | 10/15 | -€28,412 | -€49,756 | -€21,344 | -75.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Capital | 10 | €6,200 | €6,200 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€36,472 | -€57,816 | -€21,344 | -58.5% |
| Amounts payable | 17/49 | €84,502 | €105,781 | +€21,279 | +25.2% |
| Amounts payable within one year | 42/48 | €84,502 | €105,781 | +€21,279 | +25.2% |
| Trade debts | 44 | €2,347 | €23,931 | +€21,584 | +920% |
| Suppliers | 440/4 | €2,347 | €23,931 | +€21,584 | +920% |
| Taxes, remuneration and social security | 45 | €2,045 | €2,045 | = | 0.0% |
| Taxes | 450/3 | €2,019 | €2,019 | = | 0.0% |
| Remuneration and social security | 454/9 | €26 | €26 | = | 0.0% |
| Other amounts payable | 47/48 | €80,110 | €79,805 | -€305 | -0.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €301 | €299 | -€2 | -0.7% |
| Other operating charges | 640/8 | €1,085 | €491 | -€594 | -54.7% |
| Gross operating margin | 9900 | €2,886 | -€19,394 | -€22,280 | |
| Operating profit (loss) | 9901 | €1,500 | -€20,184 | -€21,684 | |
| Financial charges | 65/66B | €1,326 | €1,160 | -€166 | -12.5% |
| Recurring financial charges | 65 | €1,326 | €1,160 | -€166 | -12.5% |
| Profit (loss) for the period before taxes | 9903 | €174 | -€21,344 | -€21,518 | |
| Profit (loss) for the period | 9904 | €174 | -€21,344 | -€21,518 | |
| Profit (loss) for the period to be appropriated | 9905 | €174 | -€21,344 | -€21,518 |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.