INSER'NET: 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.
INSER'NET
Largest movements
- Cash -€233,752
down €233,752 (-26.8%), from €873,297 to €639,545
mainly Net result for the year (-€269,551) and Receivables within one year (-€150,715)
- Receivables within one year +€150,715
up €150,715 (+24.7%), from €611,014 to €761,729
of which Trade receivables: +€117,547
- Intangible fixed assets -€36,000
down €36,000 (-34.1%), from €105,436 to €69,436
- Tangible fixed assets -€20,390
down €20,390 (-16.9%), from €120,932 to €100,542
of which Land and buildings: -€15,298
- Profit (loss) carried forward -€269,552
down €269,552 (-179%), from -€150,447 to -€419,999
- Short-term financial debts +€151,515
new in 2025: €151,515
- Debts after one year -€44,713
down €44,713 (-24.0%), from €186,476 to €141,763
of which Other amounts payable: -€40,713
- Tax, wage and social debts +€31,769
up €31,769 (+10.7%), from €295,700 to €327,469
of which Remuneration and social security: +€29,320
- Turnover +€2.8m
new in 2025: €2.8m
- Staff costs +€214,753
up €214,753 (+6.9%), from €3.1m to €3.3m
- Purchases and services +€168,503
new in 2025: €168,503
- Write-downs -€99,117
down €99,117, from €57,567 to -€41,550
- Gross operating margin -€76,265
down €76,265 (-2.4%), from €3.2m to €3.1m
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 | €1,738,928 | €1,614,803 | -€124,125 | -7.1% |
| Fixed assets | 21/28 | €231,766 | €175,255 | -€56,511 | -24.4% |
| Intangible fixed assets | 21 | €105,436 | €69,436 | -€36,000 | -34.1% |
| Tangible fixed assets | 22/27 | €120,932 | €100,542 | -€20,390 | -16.9% |
| Land and buildings | 22 | €106,182 | €90,884 | -€15,298 | -14.4% |
| Furniture and vehicles | 24 | €14,750 | €9,657 | -€5,093 | -34.5% |
| Financial fixed assets | 28 | €5,398 | €5,278 | -€120 | -2.2% |
| Current assets | 29/58 | €1,507,162 | €1,439,548 | -€67,614 | -4.5% |
| Amounts receivable within one year | 40/41 | €611,014 | €761,729 | +€150,715 | +24.7% |
| Trade receivables | 40 | €474,322 | €591,869 | +€117,547 | +24.8% |
| Other amounts receivable | 41 | €136,692 | €169,860 | +€33,168 | +24.3% |
| Cash at bank and in hand | 54/58 | €873,297 | €639,545 | -€233,752 | -26.8% |
| Deferred charges and accrued income | 490/1 | €22,851 | €38,275 | +€15,424 | +67.5% |
| Total equity and liabilities | 10/49 | €1,738,928 | €1,614,803 | -€124,125 | -7.1% |
| Equity | 10/15 | €1,165,829 | €896,278 | -€269,551 | -23.1% |
| Contributions | 10/11 | €821,050 | €821,050 | = | 0.0% |
| Reserves | 13 | €495,226 | €495,226 | +€0 | 0.0% |
| Tax-exempt reserves | 132 | €495,226 | €495,226 | +€0 | 0.0% |
| Profit (loss) carried forward | 14 | -€150,447 | -€419,999 | -€269,552 | -179% |
| Amounts payable | 17/49 | €573,099 | €718,525 | +€145,426 | +25.4% |
| Amounts payable after more than one year | 17 | €186,476 | €141,763 | -€44,713 | -24.0% |
| Financial debts | 170/4 | €11,334 | €7,334 | -€4,000 | -35.3% |
| Other amounts payable | 178/9 | €175,142 | €134,429 | -€40,713 | -23.2% |
| Amounts payable within one year | 42/48 | €386,623 | €576,762 | +€190,139 | +49.2% |
| Current portion of amounts payable after more than one year | 42 | €4,000 | €4,000 | -€0 | 0.0% |
| Financial debts | 43 | - | €151,515 | +€151,515 | |
| Credit institutions | 430/8 | - | €151,515 | +€151,515 | |
| Trade debts | 44 | €36,183 | €47,257 | +€11,074 | +30.6% |
| Suppliers | 440/4 | €36,183 | €47,257 | +€11,074 | +30.6% |
| Taxes, remuneration and social security | 45 | €295,700 | €327,469 | +€31,769 | +10.7% |
| Taxes | 450/3 | €15,524 | €17,973 | +€2,449 | +15.8% |
| Remuneration and social security | 454/9 | €280,176 | €309,496 | +€29,320 | +10.5% |
| Other amounts payable | 47/48 | €50,740 | €46,521 | -€4,219 | -8.3% |
| Turnover | 70 | - | €2,839,981 | +€2.8m | |
| Non-recurring operating income | 76A | - | €9,230 | +€9,230 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €168,503 | +€168,503 | |
| Remuneration, social security and pensions | 62 | €3,107,853 | €3,322,606 | +€214,753 | +6.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €82,002 | €56,389 | -€25,613 | -31.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €57,567 | -€41,550 | -€99,117 | |
| Other operating charges | 640/8 | €74,978 | €28,662 | -€46,316 | -61.8% |
| Non-recurring operating charges | 66A | €16,740 | €10,947 | -€5,793 | -34.6% |
| Gross operating margin | 9900 | €3,184,992 | €3,108,727 | -€76,265 | -2.4% |
| Operating profit (loss) | 9901 | -€154,148 | -€268,327 | -€114,179 | -74.1% |
| Financial income | 75/76B | €3,563 | €2,725 | -€838 | -23.5% |
| Recurring financial income | 75 | €3,563 | €2,725 | -€838 | -23.5% |
| Financial charges | 65/66B | €1,298 | €2,262 | +€964 | +74.3% |
| Recurring financial charges | 65 | €1,298 | €2,262 | +€964 | +74.3% |
| Profit (loss) for the period before taxes | 9903 | -€151,883 | -€267,864 | -€115,981 | -76.4% |
| Income taxes | 67/77 | €1,066 | €1,687 | +€621 | +58.3% |
| Profit (loss) for the period | 9904 | -€152,949 | -€269,551 | -€116,602 | -76.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€152,949 | -€269,551 | -€116,602 | -76.2% |
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 17 October 2026 via checked.be.