INSIGHTS-42: 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.
INSIGHTS-42
Largest movements
- Current investments -€28,000
down €28,000 (-56.7%), from €49,379 to €21,379
- Tangible fixed assets -€12,378
down €12,378 (-26.6%), from €46,550 to €34,172
of which Furniture and vehicles: -€12,003
- Receivables within one year +€6,335
up €6,335 (+21.0%), from €30,186 to €36,521
of which Trade receivables: +€8,808
- Cash -€4,400
down €4,400 (-1.8%), from €244,092 to €239,693
mainly Contributions, distributions and other (-€164,500) and Net result for the year (-€25,673)
- Reserves -€164,500
down €164,500 (-51.0%), from €322,500 to €158,000
- Other debts +€164,500
new in 2025: €164,500
- Profit (loss) carried forward -€25,673
down €25,673 (-1,599%), from -€1,605 to -€27,278
- Debts after one year -€10,356
down €10,356 (-32.8%), from €31,566 to €21,210
- Gross operating margin -€26,158
down €26,158, from €9,006 to -€17,152
- Financial income +€3,103
up €3,103 (+77.7%), from €3,991 to €7,094
- Other operating charges -€1,710
down €1,710 (-59.3%), from €2,883 to €1,173
- Financial charges -€897
down €897 (-32.1%), from €2,793 to €1,896
- Depreciation -€178
down €178 (-1.4%), from €12,556 to €12,378
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 | €378,701 | €341,224 | -€37,476 | -9.9% |
| Fixed assets | 21/28 | €46,550 | €34,172 | -€12,378 | -26.6% |
| Tangible fixed assets | 22/27 | €46,550 | €34,172 | -€12,378 | -26.6% |
| Plant, machinery and equipment | 23 | €375 | €0 | -€375 | -100% |
| Furniture and vehicles | 24 | €46,175 | €34,172 | -€12,003 | -26.0% |
| Current assets | 29/58 | €332,151 | €307,052 | -€25,098 | -7.6% |
| Amounts receivable within one year | 40/41 | €30,186 | €36,521 | +€6,335 | +21.0% |
| Trade receivables | 40 | €9,438 | €18,246 | +€8,808 | +93.3% |
| Other amounts receivable | 41 | €20,748 | €18,275 | -€2,473 | -11.9% |
| Current investments | 50/53 | €49,379 | €21,379 | -€28,000 | -56.7% |
| Cash at bank and in hand | 54/58 | €244,092 | €239,693 | -€4,400 | -1.8% |
| Deferred charges and accrued income | 490/1 | €8,494 | €9,460 | +€966 | +11.4% |
| Total equity and liabilities | 10/49 | €378,701 | €341,224 | -€37,476 | -9.9% |
| Equity | 10/15 | €333,295 | €143,122 | -€190,173 | -57.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Contributions outside capital | 11 | €12,400 | - | -€12,400 | |
| Other | 1109/19 | €12,400 | - | -€12,400 | |
| Reserves | 13 | €322,500 | €158,000 | -€164,500 | -51.0% |
| Distributable reserves | 133 | €322,500 | €158,000 | -€164,500 | -51.0% |
| Profit (loss) carried forward | 14 | -€1,605 | -€27,278 | -€25,673 | -1,599% |
| Amounts payable | 17/49 | €45,406 | €198,103 | +€152,697 | +336% |
| Amounts payable after more than one year | 17 | €31,566 | €21,210 | -€10,356 | -32.8% |
| Financial debts | 170/4 | €31,566 | €21,210 | -€10,356 | -32.8% |
| Amounts payable within one year | 42/48 | €13,839 | €176,892 | +€163,053 | +1,178% |
| Current portion of amounts payable after more than one year | 42 | €12,695 | €10,356 | -€2,339 | -18.4% |
| Trade debts | 44 | €1,145 | €290 | -€855 | -74.6% |
| Suppliers | 440/4 | €1,145 | €290 | -€855 | -74.6% |
| Taxes, remuneration and social security | 45 | - | €1,746 | +€1,746 | |
| Taxes | 450/3 | - | €1,746 | +€1,746 | |
| Other amounts payable | 47/48 | - | €164,500 | +€164,500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,556 | €12,378 | -€178 | -1.4% |
| Other operating charges | 640/8 | €2,883 | €1,173 | -€1,710 | -59.3% |
| Gross operating margin | 9900 | €9,006 | -€17,152 | -€26,158 | |
| Operating profit (loss) | 9901 | -€6,433 | -€30,703 | -€24,270 | -377% |
| Financial income | 75/76B | €3,991 | €7,094 | +€3,103 | +77.7% |
| Recurring financial income | 75 | €3,991 | €7,094 | +€3,103 | +77.7% |
| Financial charges | 65/66B | €2,793 | €1,896 | -€897 | -32.1% |
| Recurring financial charges | 65 | €2,793 | €1,896 | -€897 | -32.1% |
| Profit (loss) for the period before taxes | 9903 | -€5,235 | -€25,505 | -€20,271 | -387% |
| Income taxes | 67/77 | €178 | €168 | -€11 | -6.1% |
| Profit (loss) for the period | 9904 | -€5,413 | -€25,673 | -€20,260 | -374% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,413 | -€25,673 | -€20,260 | -374% |
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 19 October 2026 via checked.be.