INSIGNIS MANAGEMENT: 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.
INSIGNIS MANAGEMENT
Largest movements
- Tangible fixed assets -€15,493
down €15,493 (-38.0%), from €40,818 to €25,325
of which Furniture and vehicles: -€11,389
- Receivables within one year -€5,836
down €5,836 (-80.3%), from €7,272 to €1,435
- Deferred charges and accrued income -€1,246
down €1,246 (-99.2%), from €1,256 to €10
- Cash -€1,109
down €1,109 (-5.1%), from €21,601 to €20,491
mainly Debts after one year (-€8,383) and Net result for the year (-€8,022)
- Debts after one year -€8,383
down €8,383 (-56.3%), from €14,885 to €6,503
- Profit (loss) carried forward -€8,022
down €8,022 (-90.2%), from -€8,896 to -€16,918
- Trade debts -€3,923
down €3,923 (-51.3%), from €7,651 to €3,728
- Tax, wage and social debts -€3,863
down €3,863 (-71.4%), from €5,413 to €1,549
of which Taxes: -€2,055
- Other debts +€929
up €929 (+13.5%), from €6,889 to €7,818
- Gross operating margin -€5,847
down €5,847 (-38.1%), from €15,329 to €9,482
- Depreciation +€436
up €436 (+2.9%), from €15,057 to €15,493
- Financial charges -€328
down €328 (-17.1%), from €1,915 to €1,586
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 | €70,947 | €47,262 | -€23,685 | -33.4% |
| Fixed assets | 21/28 | €40,818 | €25,325 | -€15,493 | -38.0% |
| Tangible fixed assets | 22/27 | €40,818 | €25,325 | -€15,493 | -38.0% |
| Plant, machinery and equipment | 23 | €8,254 | €4,550 | -€3,705 | -44.9% |
| Furniture and vehicles | 24 | €29,625 | €18,236 | -€11,389 | -38.4% |
| Other tangible fixed assets | 26 | €2,939 | €2,539 | -€400 | -13.6% |
| Current assets | 29/58 | €30,129 | €21,937 | -€8,192 | -27.2% |
| Amounts receivable within one year | 40/41 | €7,272 | €1,435 | -€5,836 | -80.3% |
| Trade receivables | 40 | €7,272 | €1,435 | -€5,836 | -80.3% |
| Cash at bank and in hand | 54/58 | €21,601 | €20,491 | -€1,109 | -5.1% |
| Deferred charges and accrued income | 490/1 | €1,256 | €10 | -€1,246 | -99.2% |
| Total equity and liabilities | 10/49 | €70,947 | €47,262 | -€23,685 | -33.4% |
| Equity | 10/15 | €27,303 | €19,281 | -€8,022 | -29.4% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €16,198 | €16,198 | = | 0.0% |
| Tax-exempt reserves | 132 | €2,733 | €2,733 | = | 0.0% |
| Distributable reserves | 133 | €13,466 | €13,466 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€8,896 | -€16,918 | -€8,022 | -90.2% |
| Amounts payable | 17/49 | €43,644 | €27,981 | -€15,663 | -35.9% |
| Amounts payable after more than one year | 17 | €14,885 | €6,503 | -€8,383 | -56.3% |
| Financial debts | 170/4 | €14,885 | €6,503 | -€8,383 | -56.3% |
| Amounts payable within one year | 42/48 | €28,759 | €21,479 | -€7,280 | -25.3% |
| Current portion of amounts payable after more than one year | 42 | €8,805 | €8,383 | -€423 | -4.8% |
| Trade debts | 44 | €7,651 | €3,728 | -€3,923 | -51.3% |
| Suppliers | 440/4 | €7,651 | €3,728 | -€3,923 | -51.3% |
| Taxes, remuneration and social security | 45 | €5,413 | €1,549 | -€3,863 | -71.4% |
| Taxes | 450/3 | €3,604 | €1,549 | -€2,055 | -57.0% |
| Remuneration and social security | 454/9 | €1,809 | - | -€1,809 | |
| Other amounts payable | 47/48 | €6,889 | €7,818 | +€929 | +13.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,057 | €15,493 | +€436 | +2.9% |
| Other operating charges | 640/8 | €342 | €285 | -€56 | -16.5% |
| Gross operating margin | 9900 | €15,329 | €9,482 | -€5,847 | -38.1% |
| Operating profit (loss) | 9901 | -€70 | -€6,297 | -€6,227 | -8,900% |
| Financial income | 75/76B | €0 | €2 | +€2 | +3,233% |
| Recurring financial income | 75 | €0 | €2 | +€2 | +3,233% |
| Financial charges | 65/66B | €1,915 | €1,586 | -€328 | -17.1% |
| Recurring financial charges | 65 | €1,915 | €1,586 | -€328 | -17.1% |
| Profit (loss) for the period before taxes | 9903 | -€1,985 | -€7,881 | -€5,896 | -297% |
| Income taxes | 67/77 | €128 | €141 | +€13 | +10.1% |
| Profit (loss) for the period | 9904 | -€2,113 | -€8,022 | -€5,909 | -280% |
| Transfer to tax-exempt reserves | 689 | €2,733 | - | -€2,733 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,845 | -€8,022 | -€3,177 | -65.6% |
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 20 October 2026 via checked.be.