INSIGHTFUL: 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.
INSIGHTFUL
Largest movements
- Cash +€9,566
up €9,566 (+26862.7%), from €36 to €9,601
mainly Net result for the year (+€140,275) and Depreciation (+€28,755)
- Tangible fixed assets -€6,825
down €6,825 (-1.3%), from €523,534 to €516,710
of which Land and buildings: -€21,979
- Profit (loss) carried forward +€140,275
up €140,275 (+48.6%), from -€288,725 to -€148,450
- Provisions -€67,936
down €67,936 (-34.1%), from €198,936 to €131,000
- Debts after one year -€43,045
down €43,045 (-7.7%), from €557,855 to €514,810
- Current portion of long-term debt -€29,104
down €29,104 (-36.8%), from €79,055 to €49,951
- Trade debts +€7,578
up €7,578 (+241.8%), from €3,134 to €10,711
- Gross operating margin +€66,726
up €66,726 (+52.6%), from €126,840 to €193,566
- Other operating charges +€5,420
up €5,420 (+61.8%), from €8,774 to €14,193
- Financial charges -€4,311
down €4,311 (-29.5%), from €14,594 to €10,282
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 | €576,512 | €579,152 | +€2,641 | +0.5% |
| Fixed assets | 21/28 | €525,034 | €518,210 | -€6,825 | -1.3% |
| Tangible fixed assets | 22/27 | €523,534 | €516,710 | -€6,825 | -1.3% |
| Land and buildings | 22 | €498,468 | €476,489 | -€21,979 | -4.4% |
| Plant, machinery and equipment | 23 | €22,905 | €33,528 | +€10,623 | +46.4% |
| Furniture and vehicles | 24 | €2,161 | €6,692 | +€4,531 | +209.6% |
| Financial fixed assets | 28 | €1,500 | €1,500 | = | 0.0% |
| Current assets | 29/58 | €51,477 | €60,943 | +€9,465 | +18.4% |
| Amounts receivable after more than one year | 29 | €50,000 | €50,000 | = | 0.0% |
| Other amounts receivable | 291 | €50,000 | €50,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €376 | - | -€376 | |
| Other amounts receivable | 41 | €376 | - | -€376 | |
| Cash at bank and in hand | 54/58 | €36 | €9,601 | +€9,566 | +26862.7% |
| Deferred charges and accrued income | 490/1 | €1,066 | €1,341 | +€276 | +25.9% |
| Total equity and liabilities | 10/49 | €576,512 | €579,152 | +€2,641 | +0.5% |
| Equity | 10/15 | -€276,325 | -€136,050 | +€140,275 | +50.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€288,725 | -€148,450 | +€140,275 | +48.6% |
| Provisions and deferred taxes | 16 | €198,936 | €131,000 | -€67,936 | -34.1% |
| Provisions for liabilities and charges | 160/5 | €198,936 | €131,000 | -€67,936 | -34.1% |
| Pensions and similar obligations | 160 | €198,936 | €131,000 | -€67,936 | -34.1% |
| Amounts payable | 17/49 | €653,901 | €584,202 | -€69,699 | -10.7% |
| Amounts payable after more than one year | 17 | €557,855 | €514,810 | -€43,045 | -7.7% |
| Financial debts | 170/4 | €557,855 | €514,810 | -€43,045 | -7.7% |
| Amounts payable within one year | 42/48 | €96,046 | €69,393 | -€26,654 | -27.8% |
| Current portion of amounts payable after more than one year | 42 | €79,055 | €49,951 | -€29,104 | -36.8% |
| Trade debts | 44 | €3,134 | €10,711 | +€7,578 | +241.8% |
| Suppliers | 440/4 | €3,134 | €10,711 | +€7,578 | +241.8% |
| Taxes, remuneration and social security | 45 | €646 | €1,400 | +€754 | +116.6% |
| Taxes | 450/3 | €646 | €1,400 | +€754 | +116.6% |
| Other amounts payable | 47/48 | €13,212 | €7,331 | -€5,881 | -44.5% |
| Non-recurring operating income | 76A | - | €68,055 | +€68,055 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,487 | €28,755 | +€1,268 | +4.6% |
| Other operating charges | 640/8 | €8,774 | €14,193 | +€5,420 | +61.8% |
| Non-recurring operating charges | 66A | €1,010 | - | -€1,010 | |
| Gross operating margin | 9900 | €126,840 | €193,566 | +€66,726 | +52.6% |
| Operating profit (loss) | 9901 | €89,568 | €150,617 | +€61,049 | +68.2% |
| Financial income | 75/76B | €15 | €23 | +€8 | +58.2% |
| Recurring financial income | 75 | €15 | €23 | +€8 | +58.2% |
| Financial charges | 65/66B | €14,594 | €10,282 | -€4,311 | -29.5% |
| Recurring financial charges | 65 | €14,594 | €10,282 | -€4,311 | -29.5% |
| Profit (loss) for the period before taxes | 9903 | €74,989 | €140,358 | +€65,369 | +87.2% |
| Income taxes | 67/77 | - | €83 | +€83 | |
| Profit (loss) for the period | 9904 | €74,989 | €140,275 | +€65,286 | +87.1% |
| Profit (loss) for the period to be appropriated | 9905 | €74,989 | €140,275 | +€65,286 | +87.1% |
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.