InsighT 8: 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.
InsighT 8
Largest movements
- Receivables within one year +€274,014
up €274,014 (+148.6%), from €184,367 to €458,381
of which Trade receivables: +€264,506
- Cash -€100,283
down €100,283 (-95.6%), from €104,884 to €4,601
mainly Contributions, distributions and other (-€351,500) and Receivables within one year (-€274,014)
- Tangible fixed assets -€6,791
down €6,791 (-19.7%), from €34,408 to €27,617
of which Furniture and vehicles: -€6,147
- Tax, wage and social debts +€90,753
up €90,753 (+239.7%), from €37,856 to €128,609
of which Taxes: +€90,753
- Other debts +€59,428
up €59,428 (+24.5%), from €242,523 to €301,951
- Reserves +€16,175
new in 2025: €16,175
- Gross operating margin +€157,375
up €157,375 (+48.1%), from €326,879 to €484,254
- Taxes +€33,940
up €33,940 (+44.7%), from €75,941 to €109,881
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 | €325,241 | €492,241 | +€167,000 | +51.3% |
| Fixed assets | 21/28 | €34,408 | €27,617 | -€6,791 | -19.7% |
| Tangible fixed assets | 22/27 | €34,408 | €27,617 | -€6,791 | -19.7% |
| Plant, machinery and equipment | 23 | €950 | €307 | -€644 | -67.7% |
| Furniture and vehicles | 24 | €33,457 | €27,310 | -€6,147 | -18.4% |
| Current assets | 29/58 | €290,834 | €464,625 | +€173,791 | +59.8% |
| Amounts receivable within one year | 40/41 | €184,367 | €458,381 | +€274,014 | +148.6% |
| Trade receivables | 40 | €171,699 | €436,205 | +€264,506 | +154.1% |
| Other amounts receivable | 41 | €12,668 | €22,176 | +€9,508 | +75.1% |
| Cash at bank and in hand | 54/58 | €104,884 | €4,601 | -€100,283 | -95.6% |
| Deferred charges and accrued income | 490/1 | €1,582 | €1,643 | +€60 | +3.8% |
| Total equity and liabilities | 10/49 | €325,241 | €492,241 | +€167,000 | +51.3% |
| Equity | 10/15 | €32,355 | €48,530 | +€16,175 | +50.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | - | €16,175 | +€16,175 | |
| Distributable reserves | 133 | - | €16,175 | +€16,175 | |
| Profit (loss) carried forward | 14 | €13,755 | €13,755 | = | 0.0% |
| Amounts payable | 17/49 | €292,886 | €443,711 | +€150,825 | +51.5% |
| Amounts payable within one year | 42/48 | €292,886 | €443,711 | +€150,825 | +51.5% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €12,507 | €13,151 | +€644 | +5.2% |
| Suppliers | 440/4 | €12,507 | €13,151 | +€644 | +5.2% |
| Taxes, remuneration and social security | 45 | €37,856 | €128,609 | +€90,753 | +239.7% |
| Taxes | 450/3 | €37,856 | €128,609 | +€90,753 | +239.7% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €242,523 | €301,951 | +€59,428 | +24.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,897 | €6,791 | +€894 | +15.2% |
| Other operating charges | 640/8 | €1,700 | €1,236 | -€464 | -27.3% |
| Gross operating margin | 9900 | €326,879 | €484,254 | +€157,375 | +48.1% |
| Operating profit (loss) | 9901 | €319,282 | €476,227 | +€156,945 | +49.2% |
| Financial income | 75/76B | €195 | €2,174 | +€1,979 | +1013.3% |
| Recurring financial income | 75 | €195 | €2,174 | +€1,979 | +1013.3% |
| Financial charges | 65/66B | €1,013 | €845 | -€168 | -16.6% |
| Recurring financial charges | 65 | €1,013 | €845 | -€168 | -16.6% |
| Profit (loss) for the period before taxes | 9903 | €318,464 | €477,556 | +€159,092 | +50.0% |
| Income taxes | 67/77 | €75,941 | €109,881 | +€33,940 | +44.7% |
| Profit (loss) for the period | 9904 | €242,523 | €367,675 | +€125,152 | +51.6% |
| Profit (loss) for the period to be appropriated | 9905 | €242,523 | €367,675 | +€125,152 | +51.6% |
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 10 October 2026 via checked.be.