INSIDIUM: 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.
INSIDIUM
Largest movements
- Receivables within one year +€158,758
up €158,758 (+56.0%), from €283,414 to €442,172
of which Trade receivables: +€158,758
- Cash -€48,864
down €48,864 (-19.0%), from €257,204 to €208,340
mainly Receivables within one year (-€158,758) and Contributions, distributions and other (-€100,000)
- Tangible fixed assets -€27,434
down €27,434 (-11.2%), from €245,162 to €217,728
of which Furniture and vehicles: -€27,434
- Provisions +€99,913
new in 2025: €99,913
- Profit (loss) carried forward -€98,915
down €98,915 (-29.8%), from €332,223 to €233,308
- Reserves +€71,310
up €71,310 (+115%), from €61,860 to €133,170
of which Tax-exempt reserves: +€46,310
- Other debts +€64,251
up €64,251 (+46.0%), from €139,534 to €203,785
- Tax, wage and social debts -€30,106
down €30,106 (-18.1%), from €165,911 to €135,804
of which Taxes: -€30,461
- Provisions +€99,913
new in 2025: €99,913
- Gross operating margin -€89,777
down €89,777 (-22.9%), from €391,835 to €302,058
- Taxes -€25,757
down €25,757 (-30.3%), from €84,921 to €59,164
- Depreciation -€22,979
down €22,979 (-45.6%), from €50,412 to €27,434
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 | €787,395 | €868,254 | +€80,858 | +10.3% |
| Fixed assets | 21/28 | €245,162 | €217,728 | -€27,434 | -11.2% |
| Tangible fixed assets | 22/27 | €245,162 | €217,728 | -€27,434 | -11.2% |
| Land and buildings | 22 | €190,000 | €190,000 | = | 0.0% |
| Furniture and vehicles | 24 | €55,162 | €27,728 | -€27,434 | -49.7% |
| Current assets | 29/58 | €542,234 | €650,526 | +€108,292 | +20.0% |
| Amounts receivable within one year | 40/41 | €283,414 | €442,172 | +€158,758 | +56.0% |
| Trade receivables | 40 | €282,959 | €441,717 | +€158,758 | +56.1% |
| Other amounts receivable | 41 | €455 | €455 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €257,204 | €208,340 | -€48,864 | -19.0% |
| Deferred charges and accrued income | 490/1 | €1,616 | €14 | -€1,602 | -99.1% |
| Total equity and liabilities | 10/49 | €787,395 | €868,254 | +€80,858 | +10.3% |
| Equity | 10/15 | €412,683 | €385,078 | -€27,605 | -6.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €61,860 | €133,170 | +€71,310 | +115% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | - | €46,310 | +€46,310 | |
| Distributable reserves | 133 | €60,000 | €85,000 | +€25,000 | +41.7% |
| Profit (loss) carried forward | 14 | €332,223 | €233,308 | -€98,915 | -29.8% |
| Provisions and deferred taxes | 16 | - | €99,913 | +€99,913 | |
| Provisions for liabilities and charges | 160/5 | - | €99,913 | +€99,913 | |
| Other liabilities and charges | 164/5 | - | €99,913 | +€99,913 | |
| Amounts payable | 17/49 | €374,713 | €383,264 | +€8,551 | +2.3% |
| Amounts payable after more than one year | 17 | €32,934 | €22,116 | -€10,819 | -32.8% |
| Financial debts | 170/4 | €32,934 | €22,116 | -€10,819 | -32.8% |
| Amounts payable within one year | 42/48 | €341,758 | €360,181 | +€18,422 | +5.4% |
| Current portion of amounts payable after more than one year | 42 | €10,353 | €10,819 | +€466 | +4.5% |
| Trade debts | 44 | €25,961 | €9,772 | -€16,188 | -62.4% |
| Suppliers | 440/4 | €25,961 | €9,772 | -€16,188 | -62.4% |
| Taxes, remuneration and social security | 45 | €165,911 | €135,804 | -€30,106 | -18.1% |
| Taxes | 450/3 | €160,326 | €129,865 | -€30,461 | -19.0% |
| Remuneration and social security | 454/9 | €5,584 | €5,940 | +€355 | +6.4% |
| Other amounts payable | 47/48 | €139,534 | €203,785 | +€64,251 | +46.0% |
| Accrued charges and deferred income | 492/3 | €20 | €967 | +€947 | +4,756% |
| Remuneration, social security and pensions | 62 | €34,460 | €36,513 | +€2,052 | +6.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €50,412 | €27,434 | -€22,979 | -45.6% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €99,913 | +€99,913 | |
| Other operating charges | 640/8 | €3,526 | €2,667 | -€859 | -24.4% |
| Gross operating margin | 9900 | €391,835 | €302,058 | -€89,777 | -22.9% |
| Operating profit (loss) | 9901 | €303,437 | €135,533 | -€167,905 | -55.3% |
| Financial charges | 65/66B | €2,747 | €3,973 | +€1,226 | +44.7% |
| Recurring financial charges | 65 | €2,747 | €3,973 | +€1,226 | +44.7% |
| Profit (loss) for the period before taxes | 9903 | €300,690 | €131,559 | -€169,131 | -56.2% |
| Income taxes | 67/77 | €84,921 | €59,164 | -€25,757 | -30.3% |
| Profit (loss) for the period | 9904 | €215,769 | €72,395 | -€143,374 | -66.4% |
| Transfer to tax-exempt reserves | 689 | - | €46,310 | +€46,310 | |
| Profit (loss) for the period to be appropriated | 9905 | €215,769 | €26,085 | -€189,684 | -87.9% |
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 18 October 2026 via checked.be.