INSETIS: 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.
INSETIS
Largest movements
- Cash +€39,669
up €39,669 (+25.3%), from €156,754 to €196,423
mainly Net result for the year (+€60,515) and Receivables within one year (+€17,881)
- Receivables within one year -€17,881
down €17,881 (-34.7%), from €51,514 to €33,633
of which Trade receivables: -€16,857
- Deferred charges and accrued income +€4,477
up €4,477 (+588%), from €762 to €5,239
- Profit (loss) carried forward +€60,515
up €60,515 (+58.2%), from €104,013 to €164,528
- Other debts -€34,814
down €34,814 (-73.3%), from €47,477 to €12,663
- Trade debts +€3,316
up €3,316 (+22.7%), from €14,587 to €17,903
- Gross operating margin +€32,552
up €32,552 (+60.0%), from €54,265 to €86,817
- Taxes +€13,011
up €13,011 (+148%), from €8,810 to €21,821
- Financial charges -€11,022
down €11,022 (-96.8%), from €11,386 to €363
of which Non-recurring financial charges: -€10,862
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €249,100 | €273,799 | +€24,700 | +9.9% |
| Fixed assets | 21/28 | €7,536 | €5,758 | -€1,778 | -23.6% |
| Tangible fixed assets | 22/27 | €7,536 | €5,758 | -€1,778 | -23.6% |
| Furniture and vehicles | 24 | €4,095 | €3,176 | -€918 | -22.4% |
| Other tangible fixed assets | 26 | €3,441 | €2,581 | -€860 | -25.0% |
| Current assets | 29/58 | €241,564 | €268,042 | +€26,478 | +11.0% |
| Stocks and contracts in progress | 3 | €32,534 | €32,747 | +€212 | +0.7% |
| Stocks | 30/36 | €32,534 | €32,747 | +€212 | +0.7% |
| Amounts receivable within one year | 40/41 | €51,514 | €33,633 | -€17,881 | -34.7% |
| Trade receivables | 40 | €48,311 | €31,454 | -€16,857 | -34.9% |
| Other amounts receivable | 41 | €3,203 | €2,179 | -€1,024 | -32.0% |
| Cash at bank and in hand | 54/58 | €156,754 | €196,423 | +€39,669 | +25.3% |
| Deferred charges and accrued income | 490/1 | €762 | €5,239 | +€4,477 | +588% |
| Total equity and liabilities | 10/49 | €249,100 | €273,799 | +€24,700 | +9.9% |
| Equity | 10/15 | €182,107 | €242,621 | +€60,515 | +33.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €59,493 | €59,493 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €57,633 | €57,633 | = | 0.0% |
| Profit (loss) carried forward | 14 | €104,013 | €164,528 | +€60,515 | +58.2% |
| Amounts payable | 17/49 | €66,993 | €31,178 | -€35,815 | -53.5% |
| Amounts payable within one year | 42/48 | €66,929 | €31,178 | -€35,751 | -53.4% |
| Current portion of amounts payable after more than one year | 42 | €1,714 | - | -€1,714 | |
| Trade debts | 44 | €14,587 | €17,903 | +€3,316 | +22.7% |
| Suppliers | 440/4 | €14,587 | €17,903 | +€3,316 | +22.7% |
| Taxes, remuneration and social security | 45 | €3,151 | €612 | -€2,540 | -80.6% |
| Taxes | 450/3 | €3,151 | €612 | -€2,540 | -80.6% |
| Other amounts payable | 47/48 | €47,477 | €12,663 | -€34,814 | -73.3% |
| Accrued charges and deferred income | 492/3 | €64 | - | -€64 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,721 | €4,061 | +€340 | +9.1% |
| Other operating charges | 640/8 | €167 | €58 | -€109 | -65.6% |
| Gross operating margin | 9900 | €54,265 | €86,817 | +€32,552 | +60.0% |
| Operating profit (loss) | 9901 | €50,377 | €82,698 | +€32,321 | +64.2% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €11,386 | €363 | -€11,022 | -96.8% |
| Recurring financial charges | 65 | €524 | €363 | -€161 | -30.7% |
| Non-recurring financial charges | 66B | €10,862 | - | -€10,862 | |
| Profit (loss) for the period before taxes | 9903 | €38,992 | €82,336 | +€43,344 | +111% |
| Income taxes | 67/77 | €8,810 | €21,821 | +€13,011 | +148% |
| Profit (loss) for the period | 9904 | €30,182 | €60,515 | +€30,333 | +100% |
| Profit (loss) for the period to be appropriated | 9905 | €30,182 | €60,515 | +€30,333 | +100% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.