INSIDA: 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.
INSIDA
Largest movements
- Cash +€22,220
up €22,220 (+33.8%), from €65,793 to €88,013
mainly Net result for the year (+€19,246) and Receivables within one year (+€15,072)
- Receivables within one year -€15,072
down €15,072 (-34.7%), from €43,401 to €28,329
of which Trade receivables: -€16,483
- Intangible fixed assets -€1,500
down €1,500 (-31.6%), from €4,750 to €3,250
- Reserves -€25,821
down €25,821 (-35.4%), from €72,979 to €47,158
- Trade debts +€12,320
up €12,320 (+135%), from €9,122 to €21,442
- Profit (loss) carried forward +€11,354
no longer reported in 2025 (was -€11,354)
- Short-term financial debts +€5,938
new in 2025: €5,938
- Current portion of long-term debt -€4,493
no longer reported in 2025 (was €4,493)
- Gross operating margin +€25,747
up €25,747 (+37.2%), from €69,238 to €94,985
- Staff costs +€4,082
up €4,082 (+7.3%), from €56,306 to €60,388
- Taxes +€3,123
up €3,123 (+1,617%), from €193 to €3,316
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 | €144,846 | €149,257 | +€4,411 | +3.0% |
| Fixed assets | 21/28 | €34,027 | €32,570 | -€1,457 | -4.3% |
| Intangible fixed assets | 21 | €4,750 | €3,250 | -€1,500 | -31.6% |
| Tangible fixed assets | 22/27 | €26,777 | €26,820 | +€43 | +0.2% |
| Land and buildings | 22 | €1,087 | €1,027 | -€60 | -5.5% |
| Plant, machinery and equipment | 23 | €13,378 | €9,287 | -€4,092 | -30.6% |
| Furniture and vehicles | 24 | €824 | €6,563 | +€5,740 | +697% |
| Other tangible fixed assets | 26 | €11,488 | €9,943 | -€1,545 | -13.4% |
| Financial fixed assets | 28 | €2,500 | €2,500 | = | 0.0% |
| Current assets | 29/58 | €110,819 | €116,687 | +€5,868 | +5.3% |
| Amounts receivable within one year | 40/41 | €43,401 | €28,329 | -€15,072 | -34.7% |
| Trade receivables | 40 | €40,299 | €23,817 | -€16,483 | -40.9% |
| Other amounts receivable | 41 | €3,102 | €4,512 | +€1,410 | +45.5% |
| Cash at bank and in hand | 54/58 | €65,793 | €88,013 | +€22,220 | +33.8% |
| Deferred charges and accrued income | 490/1 | €1,625 | €345 | -€1,280 | -78.7% |
| Total equity and liabilities | 10/49 | €144,846 | €149,257 | +€4,411 | +3.0% |
| Equity | 10/15 | €80,225 | €65,758 | -€14,467 | -18.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €72,979 | €47,158 | -€25,821 | -35.4% |
| Distributable reserves | 133 | €72,979 | €47,158 | -€25,821 | -35.4% |
| Profit (loss) carried forward | 14 | -€11,354 | - | +€11,354 | |
| Amounts payable | 17/49 | €64,621 | €83,499 | +€18,878 | +29.2% |
| Amounts payable after more than one year | 17 | €20,830 | €21,227 | +€397 | +1.9% |
| Financial debts | 170/4 | €20,830 | €21,227 | +€397 | +1.9% |
| Amounts payable within one year | 42/48 | €43,627 | €62,272 | +€18,645 | +42.7% |
| Current portion of amounts payable after more than one year | 42 | €4,493 | - | -€4,493 | |
| Financial debts | 43 | - | €5,938 | +€5,938 | |
| Other loans | 439 | - | €5,938 | +€5,938 | |
| Trade debts | 44 | €9,122 | €21,442 | +€12,320 | +135% |
| Suppliers | 440/4 | €9,122 | €21,442 | +€12,320 | +135% |
| Taxes, remuneration and social security | 45 | €3,864 | €4,810 | +€946 | +24.5% |
| Taxes | 450/3 | €1,146 | €3,435 | +€2,289 | +200% |
| Remuneration and social security | 454/9 | €2,718 | €1,375 | -€1,343 | -49.4% |
| Other amounts payable | 47/48 | €26,148 | €30,082 | +€3,934 | +15.0% |
| Accrued charges and deferred income | 492/3 | €164 | - | -€164 | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €56,306 | €60,388 | +€4,082 | +7.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,218 | €9,107 | -€112 | -1.2% |
| Other operating charges | 640/8 | €1,734 | €1,483 | -€251 | -14.4% |
| Gross operating margin | 9900 | €69,238 | €94,985 | +€25,747 | +37.2% |
| Operating profit (loss) | 9901 | €1,980 | €24,006 | +€22,027 | +1,113% |
| Financial income | 75/76B | €800 | €504 | -€296 | -37.0% |
| Recurring financial income | 75 | €800 | €504 | -€296 | -37.0% |
| Financial charges | 65/66B | €1,853 | €1,948 | +€94 | +5.1% |
| Recurring financial charges | 65 | €1,853 | €1,948 | +€94 | +5.1% |
| Profit (loss) for the period before taxes | 9903 | €927 | €22,563 | +€21,636 | +2,335% |
| Income taxes | 67/77 | €193 | €3,316 | +€3,123 | +1,617% |
| Profit (loss) for the period | 9904 | €733 | €19,246 | +€18,513 | +2,524% |
| Profit (loss) for the period to be appropriated | 9905 | €733 | €19,246 | +€18,513 | +2,524% |
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 20 October 2026 via checked.be.