Insentials: 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.
Insentials
Largest movements
- Stocks and contracts -€355,805
down €355,805 (-26.0%), from €1.4m to €1.0m
- Receivables within one year +€217,854
up €217,854 (+47.3%), from €460,635 to €678,489
of which Trade receivables: +€173,363
- Deferred charges and accrued income +€128,601
up €128,601 (+1361.2%), from €9,448 to €138,049
- Tangible fixed assets +€128,356
up €128,356 (+58.0%), from €221,311 to €349,667
of which Other tangible fixed assets: +€120,608
- Cash +€77,274
up €77,274 (+5.2%), from €1.5m to €1.6m
mainly Stocks and contracts (+€355,805) and Net result for the year (+€279,180)
- Reserves +€210,500
up €210,500 (+37.6%), from €559,930 to €770,430
- Trade debts -€118,528
down €118,528 (-12.7%), from €934,154 to €815,626
- Other debts -€83,000
down €83,000 (-62.4%), from €133,000 to €50,000
- Profit (loss) carried forward +€68,680
up €68,680 (+3.5%), from €2.0m to €2.0m
- Gross operating margin -€1.3m
down €1.3m (-45.6%), from €2.8m to €1.5m
- Taxes -€375,840
down €375,840 (-76.7%), from €490,193 to €114,353
- Staff costs +€299,881
up €299,881 (+56.2%), from €533,615 to €833,496
- Other operating charges -€84,588
down €84,588 (-89.5%), from €94,493 to €9,905
- Depreciation +€68,355
up €68,355 (+126.6%), from €54,006 to €122,361
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 | €3,841,297 | €4,016,783 | +€175,486 | +4.6% |
| Fixed assets | 21/28 | €525,887 | €633,448 | +€107,561 | +20.5% |
| Intangible fixed assets | 21 | €297,075 | €275,281 | -€21,795 | -7.3% |
| Tangible fixed assets | 22/27 | €221,311 | €349,667 | +€128,356 | +58.0% |
| Plant, machinery and equipment | 23 | €269 | €8,146 | +€7,877 | +2931.2% |
| Furniture and vehicles | 24 | €125,011 | €124,882 | -€128 | -0.1% |
| Other tangible fixed assets | 26 | €96,032 | €216,639 | +€120,608 | +125.6% |
| Financial fixed assets | 28 | €7,500 | €8,500 | +€1,000 | +13.3% |
| Current assets | 29/58 | €3,315,410 | €3,383,335 | +€67,925 | +2.0% |
| Stocks and contracts in progress | 3 | €1,366,394 | €1,010,590 | -€355,805 | -26.0% |
| Stocks | 30/36 | €1,366,394 | €1,010,590 | -€355,805 | -26.0% |
| Amounts receivable within one year | 40/41 | €460,635 | €678,489 | +€217,854 | +47.3% |
| Trade receivables | 40 | €261,914 | €435,277 | +€173,363 | +66.2% |
| Other amounts receivable | 41 | €198,721 | €243,212 | +€44,491 | +22.4% |
| Cash at bank and in hand | 54/58 | €1,478,933 | €1,556,208 | +€77,274 | +5.2% |
| Deferred charges and accrued income | 490/1 | €9,448 | €138,049 | +€128,601 | +1361.2% |
| Total equity and liabilities | 10/49 | €3,841,297 | €4,016,783 | +€175,486 | +4.6% |
| Equity | 10/15 | €2,657,761 | €2,936,941 | +€279,180 | +10.5% |
| Contributions | 10/11 | €125,000 | €125,000 | = | 0.0% |
| Reserves | 13 | €559,930 | €770,430 | +€210,500 | +37.6% |
| Tax-exempt reserves | 132 | €559,930 | €770,430 | +€210,500 | +37.6% |
| Profit (loss) carried forward | 14 | €1,972,831 | €2,041,511 | +€68,680 | +3.5% |
| Amounts payable | 17/49 | €1,183,536 | €1,079,842 | -€103,694 | -8.8% |
| Amounts payable after more than one year | 17 | €34,846 | €55,582 | +€20,736 | +59.5% |
| Financial debts | 170/4 | €34,846 | €55,582 | +€20,736 | +59.5% |
| Amounts payable within one year | 42/48 | €1,148,689 | €988,686 | -€160,003 | -13.9% |
| Current portion of amounts payable after more than one year | 42 | €8,493 | €17,558 | +€9,066 | +106.7% |
| Trade debts | 44 | €934,154 | €815,626 | -€118,528 | -12.7% |
| Suppliers | 440/4 | €934,154 | €815,626 | -€118,528 | -12.7% |
| Taxes, remuneration and social security | 45 | €73,043 | €105,502 | +€32,460 | +44.4% |
| Taxes | 450/3 | €12,966 | €17,526 | +€4,560 | +35.2% |
| Remuneration and social security | 454/9 | €60,076 | €87,977 | +€27,900 | +46.4% |
| Other amounts payable | 47/48 | €133,000 | €50,000 | -€83,000 | -62.4% |
| Accrued charges and deferred income | 492/3 | - | €35,574 | +€35,574 | |
| Remuneration, social security and pensions | 62 | €533,615 | €833,496 | +€299,881 | +56.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €54,006 | €122,361 | +€68,355 | +126.6% |
| Other operating charges | 640/8 | €94,493 | €9,905 | -€84,588 | -89.5% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €2,792,476 | €1,519,674 | -€1.3m | -45.6% |
| Operating profit (loss) | 9901 | €2,110,361 | €553,911 | -€1.6m | -73.8% |
| Financial income | 75/76B | €3,442 | €179 | -€3,262 | -94.8% |
| Recurring financial income | 75 | €3,442 | €179 | -€3,262 | -94.8% |
| Financial charges | 65/66B | €110,999 | €160,557 | +€49,558 | +44.6% |
| Recurring financial charges | 65 | €110,999 | €160,557 | +€49,558 | +44.6% |
| Profit (loss) for the period before taxes | 9903 | €2,002,804 | €393,533 | -€1.6m | -80.4% |
| Income taxes | 67/77 | €490,193 | €114,353 | -€375,840 | -76.7% |
| Profit (loss) for the period | 9904 | €1,512,611 | €279,180 | -€1.2m | -81.5% |
| Transfer to tax-exempt reserves | 689 | €559,930 | €210,500 | -€349,430 | -62.4% |
| Profit (loss) for the period to be appropriated | 9905 | €952,681 | €68,680 | -€884,001 | -92.8% |
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 8 October 2026 via checked.be.