INSU-BUILD: 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.
INSU-BUILD
Largest movements
- Cash -€214,742
down €214,742 (-87.3%), from €245,863 to €31,121
mainly Receivables within one year (-€172,288) and Debts after one year (-€111,356)
- Receivables within one year +€172,288
up €172,288 (+10.6%), from €1.6m to €1.8m
of which Other amounts receivable: +€167,788
- Tangible fixed assets -€82,044
down €82,044 (-12.3%), from €669,745 to €587,701
of which Land and buildings: -€80,060
- Debts after one year -€111,356
down €111,356 (-20.5%), from €543,662 to €432,305
- Gross operating margin -€38,959
down €38,959, from €12,587 to -€26,372
- Financial charges -€12,850
down €12,850 (-52.7%), from €24,373 to €11,524
- Financial income +€8,113
up €8,113 (+7.6%), from €107,443 to €115,556
- Depreciation -€3,221
down €3,221 (-8.5%), from €37,843 to €34,622
- Other operating charges -€1,381
down €1,381 (-16.9%), from €8,160 to €6,779
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.
Cash bridge derived
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 | €2,535,963 | €2,413,362 | -€122,601 | -4.8% |
| Fixed assets | 21/28 | €669,745 | €587,701 | -€82,044 | -12.3% |
| Tangible fixed assets | 22/27 | €669,745 | €587,701 | -€82,044 | -12.3% |
| Land and buildings | 22 | €666,469 | €586,409 | -€80,060 | -12.0% |
| Plant, machinery and equipment | 23 | €1,671 | €1,292 | -€379 | -22.7% |
| Furniture and vehicles | 24 | €1,605 | - | -€1,605 | |
| Current assets | 29/58 | €1,866,218 | €1,825,661 | -€40,556 | -2.2% |
| Amounts receivable within one year | 40/41 | €1,619,329 | €1,791,617 | +€172,288 | +10.6% |
| Trade receivables | 40 | - | €4,500 | +€4,500 | |
| Other amounts receivable | 41 | €1,619,329 | €1,787,117 | +€167,788 | +10.4% |
| Cash at bank and in hand | 54/58 | €245,863 | €31,121 | -€214,742 | -87.3% |
| Deferred charges and accrued income | 490/1 | €1,026 | €2,923 | +€1,897 | +184.8% |
| Total equity and liabilities | 10/49 | €2,535,963 | €2,413,362 | -€122,601 | -4.8% |
| Equity | 10/15 | €1,866,003 | €1,866,018 | +€16 | 0.0% |
| Contributions | 10/11 | €450,000 | €450,000 | = | 0.0% |
| Reserves | 13 | €1,235,000 | €1,235,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €45,000 | €45,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €45,000 | €45,000 | = | 0.0% |
| Distributable reserves | 133 | €1,190,000 | €1,190,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €181,003 | €181,018 | +€16 | 0.0% |
| Amounts payable | 17/49 | €669,960 | €547,344 | -€122,616 | -18.3% |
| Amounts payable after more than one year | 17 | €543,662 | €432,305 | -€111,356 | -20.5% |
| Financial debts | 170/4 | €543,662 | €432,305 | -€111,356 | -20.5% |
| Amounts payable within one year | 42/48 | €115,710 | €115,039 | -€671 | -0.6% |
| Current portion of amounts payable after more than one year | 42 | €109,276 | €111,356 | +€2,080 | +1.9% |
| Trade debts | 44 | €6,195 | €2,858 | -€3,336 | -53.9% |
| Suppliers | 440/4 | €6,195 | €2,858 | -€3,336 | -53.9% |
| Taxes, remuneration and social security | 45 | €239 | €741 | +€503 | +210.8% |
| Taxes | 450/3 | €239 | €741 | +€503 | +210.8% |
| Other amounts payable | 47/48 | - | €82 | +€82 | |
| Accrued charges and deferred income | 492/3 | €10,589 | - | -€10,589 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,843 | €34,622 | -€3,221 | -8.5% |
| Other operating charges | 640/8 | €8,160 | €6,779 | -€1,381 | -16.9% |
| Non-recurring operating charges | 66A | €49,128 | €35,503 | -€13,625 | -27.7% |
| Gross operating margin | 9900 | €12,587 | -€26,372 | -€38,959 | |
| Operating profit (loss) | 9901 | -€82,543 | -€103,275 | -€20,732 | -25.1% |
| Financial income | 75/76B | €107,443 | €115,556 | +€8,113 | +7.6% |
| Recurring financial income | 75 | €107,443 | €115,556 | +€8,113 | +7.6% |
| Financial charges | 65/66B | €24,373 | €11,524 | -€12,850 | -52.7% |
| Recurring financial charges | 65 | €24,373 | €11,524 | -€12,850 | -52.7% |
| Profit (loss) for the period before taxes | 9903 | €527 | €757 | +€231 | +43.8% |
| Income taxes | 67/77 | €239 | €741 | +€503 | +210.8% |
| Profit (loss) for the period | 9904 | €288 | €16 | -€272 | -94.6% |
| Profit (loss) for the period to be appropriated | 9905 | €288 | €16 | -€272 | -94.6% |
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 10 October 2026 via checked.be.