Insoldev: what changed
What changed
Insoldev
NACE 43.211, General electrical installation work
filed annual accounts (NBB)
Net result for the year
-€15,511
2024 · €40,623-€56,135
Equity
€89,553
2024 · €105,065-€15,511
Cash
€86,214
2024 · €62,705+€23,509
Balance sheet total
€174,521
2024 · €124,870+€49,651
Largest movements
Assets
- Stocks and contracts +€24,867
up €24,867 (+118%), from €21,058 to €45,925
- Cash +€23,509
up €23,509 (+37.5%), from €62,705 to €86,214
mainly Accrued charges and deferred income (+€62,730) and Tax, wage and social debts (+€5,771)
Equity and liabilities
- Accrued charges and deferred income +€62,730
new in 2025: €62,730
- Reserves -€15,511
down €15,511 (-17.2%), from €90,065 to €74,553
- Tax, wage and social debts +€5,771
new in 2025: €5,771
- Other debts -€2,400
no longer reported in 2025 (was €2,400)
Income statement
- Gross operating margin -€68,374
down €68,374, from €57,665 to -€10,708
- Taxes -€13,438
no longer reported in 2025 (was €13,438)
- Depreciation +€1,298
up €1,298 (+43.7%), from €2,971 to €4,270
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
€40,623
Gross operating margin
-€68,374
Depreciation
-€1,298
Other operating charges
+€15
Financial income
+€86
Financial charges
-€2
Taxes
+€13,438
Result 2025
-€15,511
raises the resultlowers the result
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
+€27,647
Investment
-€4,138
Financing
€0
Cash 2024
€62,705
From operations (derived)
+€27,647
Net result for the year
-€15,511
Depreciation
+€4,270
Stocks and contracts
-€24,867
Receivables within one year
-€1,407
Trade debts
-€938
Tax, wage and social debts
+€5,771
Other debts
-€2,400
Accrued charges and deferred income
+€62,730
Investment (derived)
-€4,138
Investment in fixed assets (net)
-€4,138
Cash 2025
€86,214
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €124,870 | €174,521 | +€49,651 | +39.8% |
| Fixed assets | 21/28 | €7,445 | €7,313 | -€132 | -1.8% |
| Intangible fixed assets | 21 | €3,552 | €2,298 | -€1,254 | -35.3% |
| Tangible fixed assets | 22/27 | €3,893 | €5,015 | +€1,122 | +28.8% |
| Plant, machinery and equipment | 23 | €2,707 | €4,422 | +€1,715 | +63.4% |
| Furniture and vehicles | 24 | €1,186 | €593 | -€593 | -50.0% |
| Current assets | 29/58 | €117,425 | €167,208 | +€49,783 | +42.4% |
| Stocks and contracts in progress | 3 | €21,058 | €45,925 | +€24,867 | +118% |
| Stocks | 30/36 | €21,058 | €45,925 | +€24,867 | +118% |
| Amounts receivable within one year | 40/41 | €30,794 | €32,201 | +€1,407 | +4.6% |
| Trade receivables | 40 | €26,967 | €32,201 | +€5,235 | +19.4% |
| Other amounts receivable | 41 | €3,827 | - | -€3,827 | |
| Cash at bank and in hand | 54/58 | €62,705 | €86,214 | +€23,509 | +37.5% |
| Deferred charges and accrued income | 490/1 | €2,868 | €2,868 | = | 0.0% |
| Total equity and liabilities | 10/49 | €124,870 | €174,521 | +€49,651 | +39.8% |
| Equity | 10/15 | €105,065 | €89,553 | -€15,511 | -14.8% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €90,065 | €74,553 | -€15,511 | -17.2% |
| Distributable reserves | 133 | €90,065 | €74,553 | -€15,511 | -17.2% |
| Amounts payable | 17/49 | €19,805 | €84,967 | +€65,163 | +329% |
| Amounts payable within one year | 42/48 | €19,805 | €22,238 | +€2,433 | +12.3% |
| Trade debts | 44 | €17,405 | €16,467 | -€938 | -5.4% |
| Suppliers | 440/4 | €17,405 | €16,467 | -€938 | -5.4% |
| Taxes, remuneration and social security | 45 | - | €5,771 | +€5,771 | |
| Taxes | 450/3 | - | €5,771 | +€5,771 | |
| Other amounts payable | 47/48 | €2,400 | - | -€2,400 | |
| Accrued charges and deferred income | 492/3 | - | €62,730 | +€62,730 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,971 | €4,270 | +€1,298 | +43.7% |
| Other operating charges | 640/8 | €579 | €563 | -€15 | -2.6% |
| Gross operating margin | 9900 | €57,665 | -€10,708 | -€68,374 | |
| Operating profit (loss) | 9901 | €54,116 | -€15,541 | -€69,657 | |
| Financial income | 75/76B | - | €86 | +€86 | |
| Recurring financial income | 75 | - | €86 | +€86 | |
| Financial charges | 65/66B | €54 | €56 | +€2 | +4.5% |
| Recurring financial charges | 65 | €54 | €56 | +€2 | +4.5% |
| Profit (loss) for the period before taxes | 9903 | €54,062 | -€15,511 | -€69,573 | |
| Income taxes | 67/77 | €13,438 | - | -€13,438 | |
| Profit (loss) for the period | 9904 | €40,623 | -€15,511 | -€56,135 | |
| Profit (loss) for the period to be appropriated | 9905 | €40,623 | -€15,511 | -€56,135 |
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 5 November 2026 via checked.be.