InSitu Projects: 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.
InSitu Projects
Largest movements
- Receivables within one year +€55,425
up €55,425 (+133.1%), from €41,633 to €97,058
of which Trade receivables: +€56,006
- Cash -€14,455
down €14,455 (-15.7%), from €91,831 to €77,375
mainly Receivables within one year (-€55,425) and Contributions, distributions and other (-€40,000)
- Tangible fixed assets -€12,431
down €12,431 (-17.3%), from €72,010 to €59,579
of which Furniture and vehicles: -€17,384
- Deferred charges and accrued income -€3,604
down €3,604 (-31.1%), from €11,595 to €7,991
- Receivables after one year +€3,000
up €3,000 (+6.0%), from €50,000 to €53,000
- Trade debts +€31,638
up €31,638 (+269.6%), from €11,737 to €43,375
- Other debts +€24,426
up €24,426 (+137.9%), from €17,713 to €42,139
- Debts after one year -€23,502
down €23,502 (-79.9%), from €29,404 to €5,902
- Tax, wage and social debts -€5,912
down €5,912 (-57.6%), from €10,262 to €4,350
- Gross operating margin +€11,509
up €11,509 (+16.8%), from €68,430 to €79,939
- Taxes +€3,679
up €3,679 (+26.1%), from €14,119 to €17,798
- Other operating charges -€1,643
down €1,643 (-46.2%), from €3,558 to €1,915
- Depreciation +€1,023
up €1,023 (+5.0%), from €20,320 to €21,343
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €267,069 | €295,003 | +€27,934 | +10.5% |
| Fixed assets | 21/28 | €72,010 | €59,579 | -€12,431 | -17.3% |
| Tangible fixed assets | 22/27 | €72,010 | €59,579 | -€12,431 | -17.3% |
| Plant, machinery and equipment | 23 | €87 | €64 | -€23 | -25.9% |
| Furniture and vehicles | 24 | €54,490 | €37,106 | -€17,384 | -31.9% |
| Other tangible fixed assets | 26 | €17,433 | €22,408 | +€4,975 | +28.5% |
| Current assets | 29/58 | €195,059 | €235,424 | +€40,365 | +20.7% |
| Amounts receivable after more than one year | 29 | €50,000 | €53,000 | +€3,000 | +6.0% |
| Other amounts receivable | 291 | €50,000 | €53,000 | +€3,000 | +6.0% |
| Amounts receivable within one year | 40/41 | €41,633 | €97,058 | +€55,425 | +133.1% |
| Trade receivables | 40 | €34,552 | €90,557 | +€56,006 | +162.1% |
| Other amounts receivable | 41 | €7,081 | €6,501 | -€581 | -8.2% |
| Cash at bank and in hand | 54/58 | €91,831 | €77,375 | -€14,455 | -15.7% |
| Deferred charges and accrued income | 490/1 | €11,595 | €7,991 | -€3,604 | -31.1% |
| Total equity and liabilities | 10/49 | €267,069 | €295,003 | +€27,934 | +10.5% |
| Equity | 10/15 | €174,406 | €175,373 | +€967 | +0.6% |
| Contributions | 10/11 | €12,462 | €12,462 | = | 0.0% |
| Reserves | 13 | €161,750 | €162,500 | +€750 | +0.5% |
| Distributable reserves | 133 | €161,750 | €162,500 | +€750 | +0.5% |
| Profit (loss) carried forward | 14 | €194 | €411 | +€217 | +112.1% |
| Amounts payable | 17/49 | €92,663 | €119,630 | +€26,967 | +29.1% |
| Amounts payable after more than one year | 17 | €29,404 | €5,902 | -€23,502 | -79.9% |
| Financial debts | 170/4 | €29,404 | €5,902 | -€23,502 | -79.9% |
| Amounts payable within one year | 42/48 | €63,046 | €113,366 | +€50,320 | +79.8% |
| Current portion of amounts payable after more than one year | 42 | €23,334 | €23,502 | +€169 | +0.7% |
| Trade debts | 44 | €11,737 | €43,375 | +€31,638 | +269.6% |
| Suppliers | 440/4 | €11,737 | €43,375 | +€31,638 | +269.6% |
| Taxes, remuneration and social security | 45 | €10,262 | €4,350 | -€5,912 | -57.6% |
| Taxes | 450/3 | €10,262 | €4,350 | -€5,912 | -57.6% |
| Other amounts payable | 47/48 | €17,713 | €42,139 | +€24,426 | +137.9% |
| Accrued charges and deferred income | 492/3 | €214 | €362 | +€149 | +69.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,320 | €21,343 | +€1,023 | +5.0% |
| Other operating charges | 640/8 | €3,558 | €1,915 | -€1,643 | -46.2% |
| Gross operating margin | 9900 | €68,430 | €79,939 | +€11,509 | +16.8% |
| Operating profit (loss) | 9901 | €44,551 | €56,681 | +€12,130 | +27.2% |
| Financial income | 75/76B | €2,113 | €2,807 | +€693 | +32.8% |
| Recurring financial income | 75 | €2,113 | €2,807 | +€693 | +32.8% |
| Financial charges | 65/66B | €750 | €723 | -€27 | -3.6% |
| Recurring financial charges | 65 | €750 | €723 | -€27 | -3.6% |
| Profit (loss) for the period before taxes | 9903 | €45,915 | €58,765 | +€12,850 | +28.0% |
| Income taxes | 67/77 | €14,119 | €17,798 | +€3,679 | +26.1% |
| Profit (loss) for the period | 9904 | €31,796 | €40,967 | +€9,171 | +28.8% |
| Profit (loss) for the period to be appropriated | 9905 | €31,796 | €40,967 | +€9,171 | +28.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.