INSIDER: 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.
INSIDER
Largest movements
- Receivables within one year +€212,175
up €212,175 (+63.2%), from €335,974 to €548,150
of which Trade receivables: +€225,682
- Stocks and contracts +€132,753
up €132,753 (+114%), from €116,265 to €249,018
- Other debts +€235,761
up €235,761 (+2,905%), from €8,116 to €243,877
- Trade debts +€164,429
up €164,429 (+1,149%), from €14,310 to €178,740
- Short-term financial debts +€69,393
up €69,393 (+11,431%), from €607 to €70,000
- Profit (loss) carried forward -€57,433
down €57,433 (-17.4%), from €330,925 to €273,492
- Reserves -€35,000
down €35,000 (-100%), from €35,000 to €0
- Gross operating margin -€177,830
down €177,830, from €132,480 to -€45,350
- Taxes -€35,986
down €35,986 (-100%), from €35,986 to €0
- Financial charges +€2,547
up €2,547 (+37.0%), from €6,877 to €9,425
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 | €476,135 | €821,645 | +€345,510 | +72.6% |
| Fixed assets | 21/28 | €21,304 | €14,363 | -€6,941 | -32.6% |
| Tangible fixed assets | 22/27 | €4,797 | €5,363 | +€566 | +11.8% |
| Plant, machinery and equipment | 23 | €1,410 | €2,830 | +€1,420 | +101% |
| Furniture and vehicles | 24 | €3,387 | €2,533 | -€854 | -25.2% |
| Financial fixed assets | 28 | €16,507 | €9,000 | -€7,507 | -45.5% |
| Current assets | 29/58 | €454,831 | €807,282 | +€352,451 | +77.5% |
| Stocks and contracts in progress | 3 | €116,265 | €249,018 | +€132,753 | +114% |
| Stocks | 30/36 | €116,265 | €249,018 | +€132,753 | +114% |
| Amounts receivable within one year | 40/41 | €335,974 | €548,150 | +€212,175 | +63.2% |
| Trade receivables | 40 | €314,686 | €540,369 | +€225,682 | +71.7% |
| Other amounts receivable | 41 | €21,288 | €7,781 | -€13,507 | -63.4% |
| Cash at bank and in hand | 54/58 | €2,592 | €10,114 | +€7,523 | +290% |
| Total equity and liabilities | 10/49 | €476,135 | €821,645 | +€345,510 | +72.6% |
| Equity | 10/15 | €396,125 | €303,692 | -€92,433 | -23.3% |
| Contributions | 10/11 | €30,200 | €30,200 | = | 0.0% |
| Reserves | 13 | €35,000 | €0 | -€35,000 | -100% |
| Distributable reserves | 133 | €35,000 | €0 | -€35,000 | -100% |
| Profit (loss) carried forward | 14 | €330,925 | €273,492 | -€57,433 | -17.4% |
| Amounts payable | 17/49 | €80,009 | €517,952 | +€437,943 | +547% |
| Amounts payable within one year | 42/48 | €80,009 | €517,952 | +€437,943 | +547% |
| Current portion of amounts payable after more than one year | 42 | €12,000 | €0 | -€12,000 | -100% |
| Financial debts | 43 | €607 | €70,000 | +€69,393 | +11,431% |
| Credit institutions | 430/8 | €607 | €70,000 | +€69,393 | +11,431% |
| Trade debts | 44 | €14,310 | €178,740 | +€164,429 | +1,149% |
| Suppliers | 440/4 | €14,310 | €178,740 | +€164,429 | +1,149% |
| Taxes, remuneration and social security | 45 | €44,976 | €25,336 | -€19,640 | -43.7% |
| Taxes | 450/3 | €44,976 | €25,336 | -€19,640 | -43.7% |
| Other amounts payable | 47/48 | €8,116 | €243,877 | +€235,761 | +2,905% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,283 | €2,251 | +€967 | +75.4% |
| Other operating charges | 640/8 | €516 | €408 | -€109 | -21.0% |
| Gross operating margin | 9900 | €132,480 | -€45,350 | -€177,830 | |
| Operating profit (loss) | 9901 | €130,680 | -€48,009 | -€178,689 | |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €6,877 | €9,425 | +€2,547 | +37.0% |
| Recurring financial charges | 65 | €6,877 | €9,425 | +€2,547 | +37.0% |
| Profit (loss) for the period before taxes | 9903 | €123,803 | -€57,433 | -€181,236 | |
| Income taxes | 67/77 | €35,986 | €0 | -€35,986 | -100% |
| Profit (loss) for the period | 9904 | €87,816 | -€57,433 | -€145,250 | |
| Transfer from tax-exempt reserves | 789 | - | €35,000 | +€35,000 | |
| Profit (loss) for the period to be appropriated | 9905 | €87,816 | -€22,433 | -€110,250 |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.