INSANE: what changed
What changed
INSANE
NACE 43.320, Joinery installation
filed annual accounts (NBB)
Net result for the year
€6,338
2024 · €90,245-€83,907
Equity
€249,995
2024 · €265,369-€15,373
Cash
€32,908
2024 · €134,846-€101,938
Balance sheet total
€698,546
2024 · €402,415+€296,131
Largest movements
Assets
- Tangible fixed assets +€274,410
up €274,410 (+248%), from €110,704 to €385,113
of which Land and buildings: +€259,951
- Cash -€101,938
down €101,938 (-75.6%), from €134,846 to €32,908
mainly Investment in fixed assets (net) (-€326,089) and Receivables within one year (-€89,594)
- Receivables within one year +€89,594
up €89,594 (+63.5%), from €141,058 to €230,652
of which Trade receivables: +€90,170
- Current investments +€28,604
new in 2025: €28,604
Equity and liabilities
- Debts after one year +€234,287
up €234,287 (+643%), from €36,457 to €270,744
- Trade debts +€50,866
up €50,866 (+155%), from €32,848 to €83,714
- Other debts +€22,225
new in 2025: €22,225
- Current portion of long-term debt +€16,968
up €16,968 (+77.5%), from €21,902 to €38,870
- Reserves -€15,373
down €15,373 (-5.9%), from €259,169 to €243,795
Income statement
- Gross operating margin -€100,826
down €100,826 (-48.3%), from €208,759 to €107,934
- Staff costs -€37,823
down €37,823, from €33,665 to -€4,158
- Depreciation +€31,902
up €31,902 (+147%), from €21,649 to €53,551
- Taxes -€26,315
down €26,315 (-66.7%), from €39,467 to €13,152
- Other operating charges -€3,732
down €3,732 (-57.1%), from €6,531 to €2,799
Change in the result, 2024 to 2025
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 2024
€90,245
Gross operating margin
-€100,826
Staff costs
+€37,823
Depreciation
-€31,902
Write-downs
-€2,310
Other operating charges
+€3,732
Other operating items
-€15,024
Financial income
-€240
Financial charges
-€1,476
Taxes
+€26,315
Result 2025
€6,338
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€22,833
Investment
-€354,693
Financing
+€229,923
Cash 2024
€134,846
From operations (derived)
+€22,833
Net result for the year
+€6,338
Depreciation
+€53,551
Stocks and contracts
-€3,772
Receivables within one year
-€89,594
Deferred charges and accrued income
-€3,560
Trade debts
+€50,866
Tax, wage and social debts
-€13,221
Other debts
+€22,225
Investment (derived)
-€354,693
Investment in fixed assets (net)
-€326,089
Current investments
-€28,604
Financing
+€229,923
Debts after one year
+€234,287
Current portion of long-term debt
+€16,968
Short-term financial debts
+€379
Contributions, distributions and other
-€21,711
Cash 2025
€32,908
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €402,415 | €698,546 | +€296,131 | +73.6% |
| Fixed assets | 21/28 | €122,575 | €395,113 | +€272,538 | +222% |
| Intangible fixed assets | 21 | €432 | - | -€432 | |
| Tangible fixed assets | 22/27 | €110,704 | €385,113 | +€274,410 | +248% |
| Land and buildings | 22 | - | €259,951 | +€259,951 | |
| Plant, machinery and equipment | 23 | €45,587 | €36,337 | -€9,250 | -20.3% |
| Furniture and vehicles | 24 | €64,722 | €88,799 | +€24,077 | +37.2% |
| Other tangible fixed assets | 26 | €394 | €26 | -€368 | -93.4% |
| Financial fixed assets | 28 | €11,440 | €10,000 | -€1,440 | -12.6% |
| Current assets | 29/58 | €279,840 | €303,433 | +€23,593 | +8.4% |
| Stocks and contracts in progress | 3 | €2,250 | €6,022 | +€3,772 | +168% |
| Stocks | 30/36 | €2,250 | €6,022 | +€3,772 | +168% |
| Amounts receivable within one year | 40/41 | €141,058 | €230,652 | +€89,594 | +63.5% |
| Trade receivables | 40 | €95,338 | €185,507 | +€90,170 | +94.6% |
| Other amounts receivable | 41 | €45,721 | €45,145 | -€576 | -1.3% |
| Current investments | 50/53 | - | €28,604 | +€28,604 | |
| Cash at bank and in hand | 54/58 | €134,846 | €32,908 | -€101,938 | -75.6% |
| Deferred charges and accrued income | 490/1 | €1,686 | €5,247 | +€3,560 | +211% |
| Total equity and liabilities | 10/49 | €402,415 | €698,546 | +€296,131 | +73.6% |
| Equity | 10/15 | €265,369 | €249,995 | -€15,373 | -5.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €259,169 | €243,795 | -€15,373 | -5.9% |
| Distributable reserves | 133 | €259,169 | €243,795 | -€15,373 | -5.9% |
| Amounts payable | 17/49 | €137,047 | €448,551 | +€311,504 | +227% |
| Amounts payable after more than one year | 17 | €36,457 | €270,744 | +€234,287 | +643% |
| Financial debts | 170/4 | €36,457 | €270,744 | +€234,287 | +643% |
| Amounts payable within one year | 42/48 | €100,590 | €177,807 | +€77,217 | +76.8% |
| Current portion of amounts payable after more than one year | 42 | €21,902 | €38,870 | +€16,968 | +77.5% |
| Financial debts | 43 | - | €379 | +€379 | |
| Credit institutions | 430/8 | - | €379 | +€379 | |
| Trade debts | 44 | €32,848 | €83,714 | +€50,866 | +155% |
| Suppliers | 440/4 | €32,848 | €83,714 | +€50,866 | +155% |
| Taxes, remuneration and social security | 45 | €45,840 | €32,619 | -€13,221 | -28.8% |
| Taxes | 450/3 | €31,763 | €32,619 | +€856 | +2.7% |
| Remuneration and social security | 454/9 | €14,077 | - | -€14,077 | |
| Other amounts payable | 47/48 | - | €22,225 | +€22,225 | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €33,665 | -€4,158 | -€37,823 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,649 | €53,551 | +€31,902 | +147% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €2,310 | +€2,310 | |
| Other operating charges | 640/8 | €6,531 | €2,799 | -€3,732 | -57.1% |
| Non-recurring operating charges | 66A | €13,646 | €28,670 | +€15,024 | +110% |
| Gross operating margin | 9900 | €208,759 | €107,934 | -€100,826 | -48.3% |
| Operating profit (loss) | 9901 | €133,268 | €24,762 | -€108,506 | -81.4% |
| Financial income | 75/76B | €524 | €283 | -€240 | -45.9% |
| Recurring financial income | 75 | €524 | €283 | -€240 | -45.9% |
| Financial charges | 65/66B | €4,079 | €5,555 | +€1,476 | +36.2% |
| Recurring financial charges | 65 | €4,079 | €5,555 | +€1,476 | +36.2% |
| Profit (loss) for the period before taxes | 9903 | €129,712 | €19,490 | -€110,223 | -85.0% |
| Income taxes | 67/77 | €39,467 | €13,152 | -€26,315 | -66.7% |
| Profit (loss) for the period | 9904 | €90,245 | €6,338 | -€83,907 | -93.0% |
| Profit (loss) for the period to be appropriated | 9905 | €90,245 | €6,338 | -€83,907 | -93.0% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.