INSULA: 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.
What changed
INSULA
NACE 68.310, Real estate agency activities
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€4,077
2024 · -€63,487+€59,410
Equity
€3.5m
2024 · €3.5m-€4,077
Cash
€25
2024 · €7,907-€7,882
Balance sheet total
€5.3m
2024 · €5.6m-€347,286
Largest movements
Assets
- Receivables within one year -€304,952
down €304,952 (-17.2%), from €1.8m to €1.5m
of which Other amounts receivable: -€163,074
Equity and liabilities
- Short-term financial debts -€250,000
down €250,000 (-100.0%), from €250,000 to €0
Income statement
- Gross operating margin +€68,875
up €68,875, from -€6,824 to €62,051
- Financial charges +€10,282
up €10,282 (+25.8%), from €39,800 to €50,082
- Depreciation -€2,066
down €2,066 (-5.7%), from €36,518 to €34,452
- Other operating charges +€1,395
up €1,395 (+32.3%), from €4,317 to €5,711
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.
Result 2024
-€63,487
Gross operating margin
+€68,875
Depreciation
+€2,066
Other operating charges
-€1,395
Financial income
+€145
Financial charges
-€10,282
Result 2025
-€4,077
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.
From operations
+€290,941
Investment
€0
Financing
-€298,824
Cash 2024
€7,907
From operations (derived)
+€290,941
Net result for the year
-€4,077
Depreciation
+€34,452
Receivables within one year
+€304,952
Trade debts
+€1,900
Tax, wage and social debts
-€24,616
Other debts
-€21,670
Financing
-€298,824
Debts after one year
-€50,088
Current portion of long-term debt
+€1,264
Short-term financial debts
-€250,000
Cash 2025
€25
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,614,299 | €5,267,012 | -€347,286 | -6.2% |
| Fixed assets | 21/28 | €3,834,739 | €3,800,287 | -€34,452 | -0.9% |
| Tangible fixed assets | 22/27 | €343,764 | €309,312 | -€34,452 | -10.0% |
| Land and buildings | 22 | €342,000 | €307,800 | -€34,200 | -10.0% |
| Furniture and vehicles | 24 | €1,764 | €1,512 | -€252 | -14.3% |
| Financial fixed assets | 28 | €3,490,975 | €3,490,975 | = | 0.0% |
| Current assets | 29/58 | €1,779,560 | €1,466,726 | -€312,834 | -17.6% |
| Amounts receivable within one year | 40/41 | €1,771,653 | €1,466,701 | -€304,952 | -17.2% |
| Trade receivables | 40 | €141,879 | €0 | -€141,879 | -100.0% |
| Other amounts receivable | 41 | €1,629,775 | €1,466,701 | -€163,074 | -10.0% |
| Cash at bank and in hand | 54/58 | €7,907 | €25 | -€7,882 | -99.7% |
| Total equity and liabilities | 10/49 | €5,614,299 | €5,267,012 | -€347,286 | -6.2% |
| Equity | 10/15 | €3,540,993 | €3,536,916 | -€4,077 | -0.1% |
| Contributions | 10/11 | €860,200 | €860,200 | = | 0.0% |
| Reserves | 13 | €86,020 | €86,020 | = | 0.0% |
| Non-distributable reserves | 130/1 | €86,020 | €86,020 | = | 0.0% |
| Reserves not available under the articles | 1311 | €86,020 | €86,020 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,594,773 | €2,590,696 | -€4,077 | -0.2% |
| Amounts payable | 17/49 | €2,073,306 | €1,730,096 | -€343,210 | -16.6% |
| Amounts payable after more than one year | 17 | €686,637 | €636,549 | -€50,088 | -7.3% |
| Financial debts | 170/4 | €686,637 | €636,549 | -€50,088 | -7.3% |
| Amounts payable within one year | 42/48 | €1,386,669 | €1,093,547 | -€293,122 | -21.1% |
| Current portion of amounts payable after more than one year | 42 | €52,945 | €54,209 | +€1,264 | +2.4% |
| Financial debts | 43 | €250,000 | €0 | -€250,000 | -100.0% |
| Credit institutions | 430/8 | €250,000 | €0 | -€250,000 | -100.0% |
| Trade debts | 44 | €2,311 | €4,211 | +€1,900 | +82.2% |
| Suppliers | 440/4 | €2,311 | €4,211 | +€1,900 | +82.2% |
| Taxes, remuneration and social security | 45 | €24,616 | €0 | -€24,616 | -100.0% |
| Taxes | 450/3 | €24,616 | €0 | -€24,616 | -100.0% |
| Other amounts payable | 47/48 | €1,056,797 | €1,035,127 | -€21,670 | -2.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,518 | €34,452 | -€2,066 | -5.7% |
| Other operating charges | 640/8 | €4,317 | €5,711 | +€1,395 | +32.3% |
| Gross operating margin | 9900 | -€6,824 | €62,051 | +€68,875 | |
| Operating profit (loss) | 9901 | -€47,659 | €21,888 | +€69,546 | |
| Financial income | 75/76B | €23,972 | €24,118 | +€145 | +0.6% |
| Recurring financial income | 75 | €23,972 | €24,118 | +€145 | +0.6% |
| Financial charges | 65/66B | €39,800 | €50,082 | +€10,282 | +25.8% |
| Recurring financial charges | 65 | €39,800 | €50,082 | +€10,282 | +25.8% |
| Profit (loss) for the period before taxes | 9903 | -€63,487 | -€4,077 | +€59,410 | +93.6% |
| Profit (loss) for the period | 9904 | -€63,487 | -€4,077 | +€59,410 | +93.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€63,487 | -€4,077 | +€59,410 | +93.6% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.