INSEKO: 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.
INSEKO
Largest movements
- Tangible fixed assets +€181,903
up €181,903 (+102%), from €177,600 to €359,503
- Receivables within one year +€17,294
new in 2025: €17,294
- Other debts +€191,085
up €191,085 (+2,624%), from €7,283 to €198,368
- Profit (loss) carried forward +€7,551
up €7,551, from -€1,144 to €6,407
- Debts after one year -€6,063
down €6,063 (-3.5%), from €172,509 to €166,446
- Gross operating margin +€47,835
up €47,835 (+334%), from €14,316 to €62,151
- Depreciation +€29,277
up €29,277 (+247%), from €11,830 to €41,107
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 | €197,665 | €394,113 | +€196,448 | +99.4% |
| Fixed assets | 21/28 | €177,600 | €359,503 | +€181,903 | +102% |
| Tangible fixed assets | 22/27 | €177,600 | €359,503 | +€181,903 | +102% |
| Land and buildings | 22 | €177,600 | €359,503 | +€181,903 | +102% |
| Current assets | 29/58 | €20,065 | €34,610 | +€14,545 | +72.5% |
| Amounts receivable within one year | 40/41 | - | €17,294 | +€17,294 | |
| Trade receivables | 40 | - | €17,294 | +€17,294 | |
| Cash at bank and in hand | 54/58 | €20,065 | €17,316 | -€2,749 | -13.7% |
| Total equity and liabilities | 10/49 | €197,665 | €394,113 | +€196,448 | +99.4% |
| Equity | 10/15 | €10,011 | €17,563 | +€7,552 | +75.4% |
| Contributions | 10/11 | €11,155 | €11,156 | +€1 | 0.0% |
| Profit (loss) carried forward | 14 | -€1,144 | €6,407 | +€7,551 | |
| Amounts payable | 17/49 | €187,654 | €376,550 | +€188,896 | +101% |
| Amounts payable after more than one year | 17 | €172,509 | €166,446 | -€6,063 | -3.5% |
| Financial debts | 170/4 | €172,509 | €166,446 | -€6,063 | -3.5% |
| Amounts payable within one year | 42/48 | €14,236 | €209,233 | +€194,997 | +1,370% |
| Current portion of amounts payable after more than one year | 42 | €5,784 | €6,062 | +€278 | +4.8% |
| Trade debts | 44 | €600 | €1,326 | +€726 | +121% |
| Suppliers | 440/4 | €600 | €1,326 | +€726 | +121% |
| Taxes, remuneration and social security | 45 | €569 | €3,477 | +€2,908 | +511% |
| Taxes | 450/3 | €569 | €3,477 | +€2,908 | +511% |
| Other amounts payable | 47/48 | €7,283 | €198,368 | +€191,085 | +2,624% |
| Accrued charges and deferred income | 492/3 | €909 | €871 | -€38 | -4.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,830 | €41,107 | +€29,277 | +247% |
| Other operating charges | 640/8 | €4,503 | €5,109 | +€606 | +13.5% |
| Gross operating margin | 9900 | €14,316 | €62,151 | +€47,835 | +334% |
| Operating profit (loss) | 9901 | -€2,017 | €15,935 | +€17,952 | |
| Financial charges | 65/66B | €8,434 | €8,384 | -€50 | -0.6% |
| Recurring financial charges | 65 | €8,434 | €8,384 | -€50 | -0.6% |
| Profit (loss) for the period before taxes | 9903 | -€10,451 | €7,551 | +€18,002 | |
| Profit (loss) for the period | 9904 | -€10,451 | €7,551 | +€18,002 | |
| Profit (loss) for the period to be appropriated | 9905 | -€10,451 | €7,551 | +€18,002 |
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 18 October 2026 via checked.be.