INSULA PROPERTIES: what changed
Two fiscal 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.
INSULA PROPERTIES
Largest movements
- Stocks and contracts +€461,985
up €461,985 (+61.0%), from €757,496 to €1.2m
- Cash -€33,011
down €33,011 (-94.1%), from €35,080 to €2,068
mainly Stocks and contracts (-€461,985) and Net result for the year (-€112,862)
- Tangible fixed assets -€14,316
down €14,316 (-24.4%), from €58,618 to €44,302
of which Leasing and similar rights: -€10,484
- Receivables within one year +€12,928
up €12,928 (+1253.8%), from €1,031 to €13,959
of which Other amounts receivable: +€13,293
- Short-term financial debts +€237,042
up €237,042 (+42.1%), from €563,060 to €800,102
of which Credit institutions: +€800,102
- Other debts +€225,919
up €225,919 (+33.9%), from €665,714 to €891,633
- Profit (loss) carried forward -€112,862
down €112,862 (-24.1%), from -€468,215 to -€581,077
- Trade debts +€80,974
up €80,974 (+417.9%), from €19,374 to €100,348
- Gross operating margin -€41,176
down €41,176 (-387.6%), from -€10,622 to -€51,798
- Staff costs -€10,637
down €10,637 (-100.0%), from €10,637 to €0
- Other operating charges +€6,902
up €6,902 (+134.3%), from €5,139 to €12,042
- Financial charges +€5,621
up €5,621 (+19.6%), from €28,644 to €34,265
- Depreciation +€1,669
up €1,669 (+13.2%), from €12,646 to €14,316
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 | €859,607 | €1,291,505 | +€431,898 | +50.2% |
| Fixed assets | 21/28 | €59,218 | €44,902 | -€14,316 | -24.2% |
| Tangible fixed assets | 22/27 | €58,618 | €44,302 | -€14,316 | -24.4% |
| Plant, machinery and equipment | 23 | €313 | €153 | -€160 | -51.0% |
| Furniture and vehicles | 24 | €4,693 | €2,320 | -€2,372 | -50.5% |
| Leasing and similar rights | 25 | €44,002 | €33,519 | -€10,484 | -23.8% |
| Other tangible fixed assets | 26 | €9,610 | €8,310 | -€1,300 | -13.5% |
| Financial fixed assets | 28 | €600 | €600 | = | 0.0% |
| Current assets | 29/58 | €800,389 | €1,246,603 | +€446,214 | +55.7% |
| Stocks and contracts in progress | 3 | €757,496 | €1,219,481 | +€461,985 | +61.0% |
| Stocks | 30/36 | €757,496 | €1,219,481 | +€461,985 | +61.0% |
| Amounts receivable within one year | 40/41 | €1,031 | €13,959 | +€12,928 | +1253.8% |
| Trade receivables | 40 | €365 | €0 | -€365 | -100.0% |
| Other amounts receivable | 41 | €666 | €13,959 | +€13,293 | +1995.0% |
| Cash at bank and in hand | 54/58 | €35,080 | €2,068 | -€33,011 | -94.1% |
| Deferred charges and accrued income | 490/1 | €6,783 | €11,095 | +€4,312 | +63.6% |
| Total equity and liabilities | 10/49 | €859,607 | €1,291,505 | +€431,898 | +50.2% |
| Equity | 10/15 | -€435,215 | -€548,077 | -€112,862 | -25.9% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €3,000 | €3,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,000 | €0 | -€3,000 | -100.0% |
| Reserves not available under the articles | 1311 | €3,000 | €0 | -€3,000 | -100.0% |
| Distributable reserves | 133 | - | €3,000 | +€3,000 | |
| Profit (loss) carried forward | 14 | -€468,215 | -€581,077 | -€112,862 | -24.1% |
| Amounts payable | 17/49 | €1,294,822 | €1,839,582 | +€544,760 | +42.1% |
| Amounts payable after more than one year | 17 | €36,577 | €28,186 | -€8,392 | -22.9% |
| Financial debts | 170/4 | €36,577 | €28,186 | -€8,392 | -22.9% |
| Amounts payable within one year | 42/48 | €1,258,244 | €1,811,396 | +€553,152 | +44.0% |
| Current portion of amounts payable after more than one year | 42 | €7,954 | €8,392 | +€437 | +5.5% |
| Financial debts | 43 | €563,060 | €800,102 | +€237,042 | +42.1% |
| Credit institutions | 430/8 | €0 | €800,102 | +€800,102 | |
| Other loans | 439 | €563,060 | €0 | -€563,060 | -100.0% |
| Trade debts | 44 | €19,374 | €100,348 | +€80,974 | +417.9% |
| Suppliers | 440/4 | €19,374 | €100,348 | +€80,974 | +417.9% |
| Taxes, remuneration and social security | 45 | €2,142 | €10,921 | +€8,779 | +409.9% |
| Taxes | 450/3 | €452 | €9,620 | +€9,167 | +2026.7% |
| Remuneration and social security | 454/9 | €1,689 | €1,301 | -€388 | -23.0% |
| Other amounts payable | 47/48 | €665,714 | €891,633 | +€225,919 | +33.9% |
| Remuneration, social security and pensions | 62 | €10,637 | €0 | -€10,637 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,646 | €14,316 | +€1,669 | +13.2% |
| Other operating charges | 640/8 | €5,139 | €12,042 | +€6,902 | +134.3% |
| Gross operating margin | 9900 | -€10,622 | -€51,798 | -€41,176 | -387.6% |
| Operating profit (loss) | 9901 | -€39,045 | -€78,156 | -€39,111 | -100.2% |
| Financial income | 75/76B | €8 | €0 | -€8 | -100.0% |
| Recurring financial income | 75 | €8 | €0 | -€8 | -100.0% |
| Financial charges | 65/66B | €28,644 | €34,265 | +€5,621 | +19.6% |
| Recurring financial charges | 65 | €28,644 | €34,265 | +€5,621 | +19.6% |
| Profit (loss) for the period before taxes | 9903 | -€67,681 | -€112,421 | -€44,739 | -66.1% |
| Income taxes | 67/77 | €452 | €441 | -€11 | -2.5% |
| Profit (loss) for the period | 9904 | -€68,134 | -€112,862 | -€44,728 | -65.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€68,134 | -€112,862 | -€44,728 | -65.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.