INSITAAR: what changed
INSITAAR
Largest movements
- Receivables within one year +€341,184
up €341,184 (+59.2%), from €576,568 to €917,752
of which Other amounts receivable: +€361,807
- Deferred charges and accrued income +€43,547
up €43,547 (+329%), from €13,217 to €56,764
- Other debts +€305,610
up €305,610 (+36.3%), from €842,550 to €1.1m
- Reserves +€47,766
up €47,766 (+3.5%), from €1.4m to €1.4m
of which Distributable reserves: +€47,766
- Gross operating margin -€81,373
down €81,373 (-30.8%), from €263,820 to €182,448
- Taxes -€42,052
down €42,052 (-64.5%), from €65,222 to €23,170
- Financial income +€25,483
up €25,483 (+241%), from €10,595 to €36,078
- Financial charges +€16,895
up €16,895 (+31.4%), from €53,787 to €70,683
- Staff costs +€2,827
up €2,827 (+3.9%), from €73,082 to €75,909
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,337,091 | €2,697,965 | +€360,875 | +15.4% |
| Fixed assets | 21/28 | €1,563,453 | €1,563,453 | = | 0.0% |
| Financial fixed assets | 28 | €1,563,453 | €1,563,453 | = | 0.0% |
| Current assets | 29/58 | €773,637 | €1,134,512 | +€360,875 | +46.6% |
| Amounts receivable within one year | 40/41 | €576,568 | €917,752 | +€341,184 | +59.2% |
| Trade receivables | 40 | €30,250 | €9,627 | -€20,623 | -68.2% |
| Other amounts receivable | 41 | €546,318 | €908,125 | +€361,807 | +66.2% |
| Cash at bank and in hand | 54/58 | €183,852 | €159,996 | -€23,856 | -13.0% |
| Deferred charges and accrued income | 490/1 | €13,217 | €56,764 | +€43,547 | +329% |
| Total equity and liabilities | 10/49 | €2,337,091 | €2,697,965 | +€360,875 | +15.4% |
| Equity | 10/15 | €1,409,720 | €1,457,485 | +€47,766 | +3.4% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €1,359,720 | €1,407,485 | +€47,766 | +3.5% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Other | 1319 | €0 | - | = | |
| Distributable reserves | 133 | €1,359,720 | €1,407,485 | +€47,766 | +3.5% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €927,371 | €1,240,480 | +€313,109 | +33.8% |
| Amounts payable within one year | 42/48 | €873,518 | €1,168,296 | +€294,778 | +33.7% |
| Trade debts | 44 | €445 | €3,209 | +€2,764 | +621% |
| Suppliers | 440/4 | €445 | €3,209 | +€2,764 | +621% |
| Taxes, remuneration and social security | 45 | €30,523 | €16,926 | -€13,597 | -44.5% |
| Taxes | 450/3 | €20,812 | €6,867 | -€13,944 | -67.0% |
| Remuneration and social security | 454/9 | €9,712 | €10,059 | +€347 | +3.6% |
| Other amounts payable | 47/48 | €842,550 | €1,148,160 | +€305,610 | +36.3% |
| Accrued charges and deferred income | 492/3 | €53,853 | €72,184 | +€18,332 | +34.0% |
| Remuneration, social security and pensions | 62 | €73,082 | €75,909 | +€2,827 | +3.9% |
| Other operating charges | 640/8 | €968 | €998 | +€31 | +3.2% |
| Gross operating margin | 9900 | €263,820 | €182,448 | -€81,373 | -30.8% |
| Operating profit (loss) | 9901 | €189,771 | €105,540 | -€84,231 | -44.4% |
| Financial income | 75/76B | €10,595 | €36,078 | +€25,483 | +241% |
| Recurring financial income | 75 | €10,595 | €36,078 | +€25,483 | +241% |
| Financial charges | 65/66B | €53,787 | €70,683 | +€16,895 | +31.4% |
| Recurring financial charges | 65 | €53,787 | €70,683 | +€16,895 | +31.4% |
| Profit (loss) for the period before taxes | 9903 | €146,578 | €70,935 | -€75,643 | -51.6% |
| Income taxes | 67/77 | €65,222 | €23,170 | -€42,052 | -64.5% |
| Profit (loss) for the period | 9904 | €81,356 | €47,766 | -€33,591 | -41.3% |
| Profit (loss) for the period to be appropriated | 9905 | €81,356 | €47,766 | -€33,591 | -41.3% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.