INSENS: 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.
INSENS
Largest movements
- Intangible fixed assets +€225,582
up €225,582 (+34.4%), from €655,714 to €881,296
- Cash +€120,724
up €120,724 (+24.8%), from €486,021 to €606,745
mainly Contributions, distributions and other (+€253,644) and Depreciation (+€212,797)
- Receivables within one year +€70,698
up €70,698 (+60.5%), from €116,789 to €187,487
of which Trade receivables: +€69,383
- Tangible fixed assets -€33,169
down €33,169 (-30.4%), from €109,227 to €76,058
of which Furniture and vehicles: -€29,993
- Stocks and contracts -€23,217
down €23,217 (-24.8%), from €93,614 to €70,397
- Profit (loss) carried forward +€302,647
up €302,647 (+55.1%), from -€549,239 to -€246,593
- Accrued charges and deferred income +€59,180
up €59,180 (+48.3%), from €122,508 to €181,688
- Debts after one year +€55,076
up €55,076 (+8.5%), from €647,414 to €702,490
of which Other amounts payable: +€154,348
- Contributions -€50,000
down €50,000 (-5.0%), from €1.0m to €952,500
- Tax, wage and social debts -€44,519
down €44,519 (-44.2%), from €100,716 to €56,197
of which Remuneration and social security: -€56,935
- Staff costs -€185,619
down €185,619 (-40.5%), from €458,687 to €273,068
- Gross operating margin +€73,848
up €73,848 (+16.9%), from €438,069 to €511,917
- Depreciation +€56,234
up €56,234 (+35.9%), from €156,563 to €212,797
- Financial charges -€30,109
down €30,109 (-63.0%), from €47,802 to €17,693
- Other operating charges +€9,098
up €9,098 (+143.7%), from €6,330 to €15,428
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 | €1,495,727 | €1,846,389 | +€350,662 | +23.4% |
| Formation expenses | 20 | €2,750 | €724 | -€2,026 | -73.7% |
| Fixed assets | 21/28 | €771,088 | €963,501 | +€192,413 | +25.0% |
| Intangible fixed assets | 21 | €655,714 | €881,296 | +€225,582 | +34.4% |
| Tangible fixed assets | 22/27 | €109,227 | €76,058 | -€33,169 | -30.4% |
| Furniture and vehicles | 24 | €95,458 | €65,465 | -€29,993 | -31.4% |
| Leasing and similar rights | 25 | €12,122 | €9,586 | -€2,536 | -20.9% |
| Other tangible fixed assets | 26 | €1,647 | €1,007 | -€640 | -38.9% |
| Financial fixed assets | 28 | €6,148 | €6,148 | = | 0.0% |
| Current assets | 29/58 | €721,889 | €882,164 | +€160,275 | +22.2% |
| Stocks and contracts in progress | 3 | €93,614 | €70,397 | -€23,217 | -24.8% |
| Stocks | 30/36 | €93,614 | €70,397 | -€23,217 | -24.8% |
| Amounts receivable within one year | 40/41 | €116,789 | €187,487 | +€70,698 | +60.5% |
| Trade receivables | 40 | €98,250 | €167,633 | +€69,383 | +70.6% |
| Other amounts receivable | 41 | €18,539 | €19,854 | +€1,315 | +7.1% |
| Cash at bank and in hand | 54/58 | €486,021 | €606,745 | +€120,724 | +24.8% |
| Deferred charges and accrued income | 490/1 | €25,465 | €17,535 | -€7,930 | -31.1% |
| Total equity and liabilities | 10/49 | €1,495,727 | €1,846,389 | +€350,662 | +23.4% |
| Equity | 10/15 | €477,761 | €734,051 | +€256,290 | +53.6% |
| Contributions | 10/11 | €1,002,500 | €952,500 | -€50,000 | -5.0% |
| Profit (loss) carried forward | 14 | -€549,239 | -€246,593 | +€302,647 | +55.1% |
| Investment grants | 15 | €24,500 | €28,144 | +€3,644 | +14.9% |
| Amounts payable | 17/49 | €1,017,966 | €1,112,338 | +€94,371 | +9.3% |
| Amounts payable after more than one year | 17 | €647,414 | €702,490 | +€55,076 | +8.5% |
| Financial debts | 170/4 | €241,833 | €142,560 | -€99,273 | -41.1% |
| Other amounts payable | 178/9 | €405,581 | €559,930 | +€154,348 | +38.1% |
| Amounts payable within one year | 42/48 | €248,044 | €228,160 | -€19,884 | -8.0% |
| Current portion of amounts payable after more than one year | 42 | €91,093 | €99,273 | +€8,180 | +9.0% |
| Trade debts | 44 | €50,482 | €72,690 | +€22,208 | +44.0% |
| Suppliers | 440/4 | €50,482 | €72,690 | +€22,208 | +44.0% |
| Taxes, remuneration and social security | 45 | €100,716 | €56,197 | -€44,519 | -44.2% |
| Taxes | 450/3 | €28,117 | €40,533 | +€12,416 | +44.2% |
| Remuneration and social security | 454/9 | €72,599 | €15,664 | -€56,935 | -78.4% |
| Other amounts payable | 47/48 | €5,753 | - | -€5,753 | |
| Accrued charges and deferred income | 492/3 | €122,508 | €181,688 | +€59,180 | +48.3% |
| Remuneration, social security and pensions | 62 | €458,687 | €273,068 | -€185,619 | -40.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €156,563 | €212,797 | +€56,234 | +35.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€2,593 | -€2,593 | |
| Other operating charges | 640/8 | €6,330 | €15,428 | +€9,098 | +143.7% |
| Gross operating margin | 9900 | €438,069 | €511,917 | +€73,848 | +16.9% |
| Operating profit (loss) | 9901 | -€183,511 | €13,218 | +€196,728 | |
| Financial income | 75/76B | €6 | €1,041 | +€1,035 | +18359.0% |
| Recurring financial income | 75 | €6 | €1,041 | +€1,035 | +18359.0% |
| Financial charges | 65/66B | €47,802 | €17,693 | -€30,109 | -63.0% |
| Recurring financial charges | 65 | €47,802 | €17,693 | -€30,109 | -63.0% |
| Profit (loss) for the period before taxes | 9903 | -€231,307 | -€3,434 | +€227,873 | +98.5% |
| Income taxes | 67/77 | - | -€6,081 | -€6,081 | |
| Profit (loss) for the period | 9904 | -€231,307 | €2,647 | +€233,954 | |
| Profit (loss) for the period to be appropriated | 9905 | -€231,307 | €2,647 | +€233,954 |
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 2 October 2026 via checked.be.