Insieme Projects: what changed
Two fiscal 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.
Insieme Projects
Largest movements
- Tangible fixed assets +€374,361
up €374,361 (+76.2%), from €491,125 to €865,487
of which Land and buildings: +€280,436
- Financial fixed assets -€190,000
down €190,000 (-100.0%), from €190,000 to €0
- Stocks and contracts +€139,800
up €139,800 (+14.9%), from €940,529 to €1.1m
- Cash +€128,315
up €128,315 (+404.3%), from €31,737 to €160,052
mainly Net result for the year (+€498,149) and Debts after one year (+€185,625)
- Receivables within one year +€41,673
up €41,673 (+11.7%), from €355,548 to €397,220
of which Trade receivables: +€79,163
- Reserves +€498,149
up €498,149 (+223.5%), from €222,879 to €721,028
- Debts after one year +€185,625
up €185,625 (+25.7%), from €723,029 to €908,654
- Other debts -€177,776
down €177,776 (-25.5%), from €698,460 to €520,684
- Tax, wage and social debts -€36,531
down €36,531 (-91.9%), from €39,737 to €3,205
of which Taxes: -€36,356
- Financial income +€522,614
up €522,614 (+7286.7%), from €7,172 to €529,786
of which Non-recurring financial income: +€527,696
- Gross operating margin -€68,846
down €68,846 (-49.5%), from €139,027 to €70,181
- Depreciation +€43,983
up €43,983 (+349.6%), from €12,582 to €56,565
- Taxes -€23,791
down €23,791 (-79.5%), from €29,942 to €6,151
- Other operating charges +€18,012
up €18,012 (+293.4%), from €6,139 to €24,151
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.
Cash bridge derived
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 | €2,009,478 | €2,507,705 | +€498,227 | +24.8% |
| Fixed assets | 21/28 | €681,125 | €865,487 | +€184,361 | +27.1% |
| Tangible fixed assets | 22/27 | €491,125 | €865,487 | +€374,361 | +76.2% |
| Land and buildings | 22 | €490,453 | €770,889 | +€280,436 | +57.2% |
| Furniture and vehicles | 24 | €672 | €94,598 | +€93,926 | +13970.8% |
| Financial fixed assets | 28 | €190,000 | €0 | -€190,000 | -100.0% |
| Current assets | 29/58 | €1,328,353 | €1,642,219 | +€313,866 | +23.6% |
| Stocks and contracts in progress | 3 | €940,529 | €1,080,329 | +€139,800 | +14.9% |
| Stocks | 30/36 | €940,529 | €1,080,329 | +€139,800 | +14.9% |
| Amounts receivable within one year | 40/41 | €355,548 | €397,220 | +€41,673 | +11.7% |
| Trade receivables | 40 | €91,836 | €170,999 | +€79,163 | +86.2% |
| Other amounts receivable | 41 | €263,712 | €226,221 | -€37,491 | -14.2% |
| Cash at bank and in hand | 54/58 | €31,737 | €160,052 | +€128,315 | +404.3% |
| Deferred charges and accrued income | 490/1 | €538 | €4,617 | +€4,079 | +757.7% |
| Total equity and liabilities | 10/49 | €2,009,478 | €2,507,705 | +€498,227 | +24.8% |
| Equity | 10/15 | €534,879 | €1,033,028 | +€498,149 | +93.1% |
| Contributions | 10/11 | €312,000 | €312,000 | = | 0.0% |
| Reserves | 13 | €222,879 | €721,028 | +€498,149 | +223.5% |
| Distributable reserves | 133 | €222,879 | €721,028 | +€498,149 | +223.5% |
| Amounts payable | 17/49 | €1,474,599 | €1,474,677 | +€78 | 0.0% |
| Amounts payable after more than one year | 17 | €723,029 | €908,654 | +€185,625 | +25.7% |
| Financial debts | 170/4 | €723,029 | €908,654 | +€185,625 | +25.7% |
| Amounts payable within one year | 42/48 | €751,570 | €566,023 | -€185,547 | -24.7% |
| Current portion of amounts payable after more than one year | 42 | - | €22,500 | +€22,500 | |
| Trade debts | 44 | €13,374 | €19,634 | +€6,260 | +46.8% |
| Suppliers | 440/4 | €13,374 | €19,634 | +€6,260 | +46.8% |
| Taxes, remuneration and social security | 45 | €39,737 | €3,205 | -€36,531 | -91.9% |
| Taxes | 450/3 | €36,356 | €0 | -€36,356 | -100.0% |
| Remuneration and social security | 454/9 | €3,381 | €3,205 | -€175 | -5.2% |
| Other amounts payable | 47/48 | €698,460 | €520,684 | -€177,776 | -25.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,582 | €56,565 | +€43,983 | +349.6% |
| Other operating charges | 640/8 | €6,139 | €24,151 | +€18,012 | +293.4% |
| Gross operating margin | 9900 | €139,027 | €70,181 | -€68,846 | -49.5% |
| Operating profit (loss) | 9901 | €120,306 | -€10,534 | -€130,841 | |
| Financial income | 75/76B | €7,172 | €529,786 | +€522,614 | +7286.7% |
| Recurring financial income | 75 | €7,172 | €2,090 | -€5,082 | -70.9% |
| Non-recurring financial income | 76B | - | €527,696 | +€527,696 | |
| Financial charges | 65/66B | €18,849 | €14,951 | -€3,897 | -20.7% |
| Recurring financial charges | 65 | €18,849 | €14,951 | -€3,897 | -20.7% |
| Profit (loss) for the period before taxes | 9903 | €108,630 | €504,300 | +€395,671 | +364.2% |
| Income taxes | 67/77 | €29,942 | €6,151 | -€23,791 | -79.5% |
| Profit (loss) for the period | 9904 | €78,688 | €498,149 | +€419,462 | +533.1% |
| Profit (loss) for the period to be appropriated | 9905 | €78,688 | €498,149 | +€419,462 | +533.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.