Insero: 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.
Insero
Largest movements
- Receivables within one year +€80,042
up €80,042 (+456%), from €17,571 to €97,612
of which Trade receivables: +€80,214
- Cash +€38,583
up €38,583 (+288%), from €13,386 to €51,969
mainly Trade debts (+€85,570) and Net result for the year (+€40,688)
- Trade debts +€85,570
up €85,570 (+6,367%), from €1,344 to €86,914
- Reserves +€40,688
up €40,688 (+80.0%), from €50,891 to €91,579
- Tax, wage and social debts -€7,976
down €7,976 (-98.2%), from €8,123 to €147
- Financial income +€32,381
up €32,381 (+62,827%), from €52 to €32,433
- Write-downs +€11,733
up €11,733 (+270%), from €4,341 to €16,074
- Gross operating margin -€8,056
down €8,056 (-19.0%), from €42,474 to €34,417
- Taxes -€1,915
down €1,915 (-20.3%), from €9,439 to €7,524
- Depreciation +€546
up €546 (+62.7%), from €871 to €1,417
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 | €62,858 | €181,141 | +€118,283 | +188% |
| Fixed assets | 21/28 | €30,162 | €30,512 | +€350 | +1.2% |
| Tangible fixed assets | 22/27 | €2,162 | €2,512 | +€350 | +16.2% |
| Plant, machinery and equipment | 23 | €1,449 | €997 | -€453 | -31.2% |
| Furniture and vehicles | 24 | €713 | €1,515 | +€803 | +113% |
| Financial fixed assets | 28 | €28,000 | €28,000 | = | 0.0% |
| Current assets | 29/58 | €32,696 | €150,629 | +€117,933 | +361% |
| Amounts receivable within one year | 40/41 | €17,571 | €97,612 | +€80,042 | +456% |
| Trade receivables | 40 | €16,671 | €96,885 | +€80,214 | +481% |
| Other amounts receivable | 41 | €900 | €728 | -€172 | -19.1% |
| Cash at bank and in hand | 54/58 | €13,386 | €51,969 | +€38,583 | +288% |
| Deferred charges and accrued income | 490/1 | €1,740 | €1,048 | -€692 | -39.8% |
| Total equity and liabilities | 10/49 | €62,858 | €181,141 | +€118,283 | +188% |
| Equity | 10/15 | €53,391 | €94,079 | +€40,688 | +76.2% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €50,891 | €91,579 | +€40,688 | +80.0% |
| Distributable reserves | 133 | €50,891 | €91,579 | +€40,688 | +80.0% |
| Amounts payable | 17/49 | €9,467 | €87,062 | +€77,595 | +820% |
| Amounts payable within one year | 42/48 | €9,467 | €87,062 | +€77,595 | +820% |
| Trade debts | 44 | €1,344 | €86,914 | +€85,570 | +6,367% |
| Suppliers | 440/4 | €1,344 | €86,914 | +€85,570 | +6,367% |
| Taxes, remuneration and social security | 45 | €8,123 | €147 | -€7,976 | -98.2% |
| Taxes | 450/3 | €8,123 | €147 | -€7,976 | -98.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €871 | €1,417 | +€546 | +62.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €4,341 | €16,074 | +€11,733 | +270% |
| Other operating charges | 640/8 | €1,120 | €1,015 | -€105 | -9.3% |
| Gross operating margin | 9900 | €42,474 | €34,417 | -€8,056 | -19.0% |
| Operating profit (loss) | 9901 | €36,142 | €15,911 | -€20,231 | -56.0% |
| Financial income | 75/76B | €52 | €32,433 | +€32,381 | +62,827% |
| Recurring financial income | 75 | €52 | €32,433 | +€32,381 | +62,827% |
| Financial charges | 65/66B | €30 | €132 | +€102 | +339% |
| Recurring financial charges | 65 | €30 | €132 | +€102 | +339% |
| Profit (loss) for the period before taxes | 9903 | €36,164 | €48,212 | +€12,049 | +33.3% |
| Income taxes | 67/77 | €9,439 | €7,524 | -€1,915 | -20.3% |
| Profit (loss) for the period | 9904 | €26,724 | €40,688 | +€13,963 | +52.2% |
| Profit (loss) for the period to be appropriated | 9905 | €26,724 | €40,688 | +€13,963 | +52.2% |
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 28 October 2026 via checked.be.