InSo Projects: what changed
What changed
InSo Projects
NACE 43.222, Installation of electric heating, air conditioning, cooling and ventilation
filed annual accounts (NBB)
Net result for the year
€104,509
2024 · €78,842+€25,668
Equity
€222,756
2024 · €118,247+€104,509
Cash
€97,088
2024 · €59,205+€37,883
Balance sheet total
€575,928
2024 · €491,277+€84,652
Largest movements
Assets
- Receivables within one year +€74,068
up €74,068 (+90.4%), from €81,927 to €155,995
of which Trade receivables: +€51,106
- Cash +€37,883
up €37,883 (+64.0%), from €59,205 to €97,088
mainly Net result for the year (+€104,509) and Depreciation (+€22,979)
- Tangible fixed assets -€24,799
down €24,799 (-7.2%), from €345,145 to €320,345
of which Land and buildings: -€15,260
Equity and liabilities
- Reserves +€104,509
up €104,509 (+92.3%), from €113,247 to €217,756
- Debts after one year -€31,496
down €31,496 (-10.6%), from €297,742 to €266,246
- Trade debts -€18,454
down €18,454 (-72.2%), from €25,572 to €7,118
- Accrued charges and deferred income +€14,657
up €14,657 (+756%), from €1,939 to €16,596
- Tax, wage and social debts +€8,148
up €8,148 (+82.2%), from €9,909 to €18,057
of which Taxes: +€9,354
Income statement
- Gross operating margin +€83,983
up €83,983 (+56.7%), from €148,187 to €232,170
- Staff costs +€30,662
new in 2025: €30,662
- Taxes +€13,979
up €13,979 (+44.8%), from €31,225 to €45,204
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.
Result 2024
€78,842
Gross operating margin
+€83,983
Staff costs
-€30,662
Depreciation
-€993
Other operating charges
-€1,155
Other operating items
-€10,075
Financial income
-€40
Financial charges
-€1,412
Taxes
-€13,979
Result 2025
€104,509
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€66,213
Investment
+€1,820
Financing
-€30,150
Cash 2024
€59,205
From operations (derived)
+€66,213
Net result for the year
+€104,509
Depreciation
+€22,979
Receivables within one year
-€74,068
Deferred charges and accrued income
+€2,500
Trade debts
-€18,454
Tax, wage and social debts
+€8,148
Other debts
+€5,941
Accrued charges and deferred income
+€14,657
Investment (derived)
+€1,820
Investment in fixed assets (net)
+€1,820
Financing
-€30,150
Debts after one year
-€31,496
Current portion of long-term debt
+€1,346
Cash 2025
€97,088
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €491,277 | €575,928 | +€84,652 | +17.2% |
| Fixed assets | 21/28 | €345,145 | €320,345 | -€24,799 | -7.2% |
| Tangible fixed assets | 22/27 | €345,145 | €320,345 | -€24,799 | -7.2% |
| Land and buildings | 22 | €306,904 | €291,644 | -€15,260 | -5.0% |
| Plant, machinery and equipment | 23 | €15,756 | €15,571 | -€185 | -1.2% |
| Furniture and vehicles | 24 | €22,484 | €13,130 | -€9,354 | -41.6% |
| Current assets | 29/58 | €146,132 | €255,583 | +€109,451 | +74.9% |
| Amounts receivable within one year | 40/41 | €81,927 | €155,995 | +€74,068 | +90.4% |
| Trade receivables | 40 | €67,453 | €118,559 | +€51,106 | +75.8% |
| Other amounts receivable | 41 | €14,474 | €37,436 | +€22,962 | +159% |
| Cash at bank and in hand | 54/58 | €59,205 | €97,088 | +€37,883 | +64.0% |
| Deferred charges and accrued income | 490/1 | €5,000 | €2,500 | -€2,500 | -50.0% |
| Total equity and liabilities | 10/49 | €491,277 | €575,928 | +€84,652 | +17.2% |
| Equity | 10/15 | €118,247 | €222,756 | +€104,509 | +88.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €113,247 | €217,756 | +€104,509 | +92.3% |
| Distributable reserves | 133 | €113,247 | €217,756 | +€104,509 | +92.3% |
| Amounts payable | 17/49 | €373,030 | €353,172 | -€19,858 | -5.3% |
| Amounts payable after more than one year | 17 | €297,742 | €266,246 | -€31,496 | -10.6% |
| Financial debts | 170/4 | €297,742 | €266,246 | -€31,496 | -10.6% |
| Amounts payable within one year | 42/48 | €73,348 | €70,330 | -€3,018 | -4.1% |
| Current portion of amounts payable after more than one year | 42 | €30,150 | €31,496 | +€1,346 | +4.5% |
| Trade debts | 44 | €25,572 | €7,118 | -€18,454 | -72.2% |
| Suppliers | 440/4 | €25,572 | €7,118 | -€18,454 | -72.2% |
| Taxes, remuneration and social security | 45 | €9,909 | €18,057 | +€8,148 | +82.2% |
| Taxes | 450/3 | €1,035 | €10,390 | +€9,354 | +903% |
| Remuneration and social security | 454/9 | €8,874 | €7,668 | -€1,206 | -13.6% |
| Other amounts payable | 47/48 | €7,717 | €13,658 | +€5,941 | +77.0% |
| Accrued charges and deferred income | 492/3 | €1,939 | €16,596 | +€14,657 | +756% |
| Remuneration, social security and pensions | 62 | - | €30,662 | +€30,662 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,987 | €22,979 | +€993 | +4.5% |
| Other operating charges | 640/8 | €1,244 | €2,399 | +€1,155 | +92.8% |
| Non-recurring operating charges | 66A | - | €10,075 | +€10,075 | |
| Gross operating margin | 9900 | €148,187 | €232,170 | +€83,983 | +56.7% |
| Operating profit (loss) | 9901 | €124,956 | €166,055 | +€41,099 | +32.9% |
| Financial income | 75/76B | €40 | - | -€40 | |
| Recurring financial income | 75 | €40 | - | -€40 | |
| Financial charges | 65/66B | €14,930 | €16,342 | +€1,412 | +9.5% |
| Recurring financial charges | 65 | €14,930 | €16,342 | +€1,412 | +9.5% |
| Profit (loss) for the period before taxes | 9903 | €110,067 | €149,714 | +€39,647 | +36.0% |
| Income taxes | 67/77 | €31,225 | €45,204 | +€13,979 | +44.8% |
| Profit (loss) for the period | 9904 | €78,842 | €104,509 | +€25,668 | +32.6% |
| Profit (loss) for the period to be appropriated | 9905 | €78,842 | €104,509 | +€25,668 | +32.6% |
Next steps
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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 4 November 2026 via checked.be.