INSECOM: what changed
Two fiscal 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.
INSECOM
Largest movements
- Tangible fixed assets +€522,578
up €522,578 (+7.8%), from €6.7m to €7.2m
of which Land and buildings: +€509,289
- Cash +€122,475
up €122,475 (+328.7%), from €37,260 to €159,735
mainly Depreciation (+€391,483) and Other debts (+€360,201)
- Other debts +€360,201
up €360,201 (+23.0%), from €1.6m to €1.9m
- Profit (loss) carried forward +€210,090
up €210,090 (+92.7%), from -€226,632 to -€16,541
- Gross operating margin +€231,202
up €231,202 (+46.8%), from €494,073 to €725,275
- Depreciation -€106,140
down €106,140 (-21.3%), from €497,623 to €391,483
- Financial charges +€52,062
up €52,062 (+73.4%), from €70,909 to €122,971
- Other operating charges -€7,390
down €7,390 (-91.0%), from €8,122 to €731
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 | €6,738,295 | €7,394,834 | +€656,538 | +9.7% |
| Fixed assets | 21/28 | €6,698,000 | €7,220,578 | +€522,578 | +7.8% |
| Tangible fixed assets | 22/27 | €6,698,000 | €7,220,578 | +€522,578 | +7.8% |
| Land and buildings | 22 | €6,696,965 | €7,206,254 | +€509,289 | +7.6% |
| Furniture and vehicles | 24 | €1,035 | €14,324 | +€13,289 | +1283.9% |
| Current assets | 29/58 | €40,295 | €174,255 | +€133,960 | +332.5% |
| Amounts receivable within one year | 40/41 | €3,035 | €14,520 | +€11,485 | +378.5% |
| Trade receivables | 40 | - | €14,520 | +€14,520 | |
| Other amounts receivable | 41 | €3,035 | - | -€3,035 | |
| Cash at bank and in hand | 54/58 | €37,260 | €159,735 | +€122,475 | +328.7% |
| Total equity and liabilities | 10/49 | €6,738,295 | €7,394,834 | +€656,538 | +9.7% |
| Equity | 10/15 | €187,050 | €397,141 | +€210,090 | +112.3% |
| Contributions | 10/11 | €122,155 | €122,155 | = | 0.0% |
| Capital | 10 | €122,155 | €122,155 | = | 0.0% |
| Issued capital | 100 | €122,155 | €122,155 | = | 0.0% |
| Reserves | 13 | €291,527 | €291,527 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,952 | €6,952 | = | 0.0% |
| Legal reserve | 130 | €6,952 | €6,952 | = | 0.0% |
| Distributable reserves | 133 | €284,575 | €284,575 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€226,632 | -€16,541 | +€210,090 | +92.7% |
| Amounts payable | 17/49 | €6,551,245 | €6,997,693 | +€446,448 | +6.8% |
| Amounts payable after more than one year | 17 | €4,636,651 | €4,643,142 | +€6,492 | +0.1% |
| Financial debts | 170/4 | €4,136,651 | €4,643,142 | +€506,492 | +12.2% |
| Other amounts payable | 178/9 | €500,000 | - | -€500,000 | |
| Amounts payable within one year | 42/48 | €1,914,594 | €2,345,283 | +€430,689 | +22.5% |
| Current portion of amounts payable after more than one year | 42 | €343,029 | €393,270 | +€50,241 | +14.6% |
| Trade debts | 44 | - | €3,728 | +€3,728 | |
| Suppliers | 440/4 | - | €3,728 | +€3,728 | |
| Taxes, remuneration and social security | 45 | €4,905 | €21,423 | +€16,518 | +336.8% |
| Taxes | 450/3 | €4,905 | €21,423 | +€16,518 | +336.8% |
| Other amounts payable | 47/48 | €1,566,660 | €1,926,861 | +€360,201 | +23.0% |
| Accrued charges and deferred income | 492/3 | - | €9,268 | +€9,268 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €497,623 | €391,483 | -€106,140 | -21.3% |
| Other operating charges | 640/8 | €8,122 | €731 | -€7,390 | -91.0% |
| Gross operating margin | 9900 | €494,073 | €725,275 | +€231,202 | +46.8% |
| Operating profit (loss) | 9901 | -€11,671 | €333,061 | +€344,732 | |
| Financial charges | 65/66B | €70,909 | €122,971 | +€52,062 | +73.4% |
| Recurring financial charges | 65 | €70,909 | €122,971 | +€52,062 | +73.4% |
| Profit (loss) for the period before taxes | 9903 | -€82,580 | €210,090 | +€292,670 | |
| Profit (loss) for the period | 9904 | -€82,580 | €210,090 | +€292,670 | |
| Profit (loss) for the period to be appropriated | 9905 | -€82,580 | €210,090 | +€292,670 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.