Insulation Invest: what changed
Insulation Invest
Largest movements
- Cash +€210,758
new in 2025: €210,758
mainly Net result for the year (+€304,906) and Current portion of long-term debt (+€154,931)
- Deferred charges and accrued income -€130,931
no longer reported in 2025 (was €130,931)
- Receivables after one year -€59,772
no longer reported in 2025 (was €59,772)
of which Trade receivables: -€37,052
- Receivables within one year +€40,094
new in 2025: €40,094
of which Trade receivables: +€37,374
- Profit (loss) carried forward +€304,906
up €304,906 (+50.7%), from €601,630 to €906,535
- Debts after one year -€199,931
down €199,931 (-14.7%), from €1.4m to €1.2m
- Current portion of long-term debt +€154,931
new in 2025: €154,931
- Short-term financial debts -€149,247
no longer reported in 2025 (was €149,247)
- Other debts -€100,000
down €100,000 (-33.3%), from €300,000 to €200,000
- Financial income -€499,860
down €499,860 (-100.0%), from €500,000 to €140
- Gross operating margin +€193,204
up €193,204 (+75.4%), from €256,101 to €449,305
- Depreciation -€75,219
down €75,219 (-97.9%), from €76,865 to €1,646
- Taxes +€67,759
up €67,759 (+249%), from €27,210 to €94,969
- Financial charges -€4,754
down €4,754 (-9.9%), from €47,981 to €43,227
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,496,992 | €2,555,495 | +€58,504 | +2.3% |
| Fixed assets | 21/28 | €2,306,289 | €2,304,643 | -€1,646 | -0.1% |
| Tangible fixed assets | 22/27 | €106,289 | €104,643 | -€1,646 | -1.5% |
| Land and buildings | 22 | €106,289 | €104,643 | -€1,646 | -1.5% |
| Financial fixed assets | 28 | €2,200,000 | €2,200,000 | = | 0.0% |
| Current assets | 29/58 | €190,703 | €250,852 | +€60,149 | +31.5% |
| Amounts receivable after more than one year | 29 | €59,772 | - | -€59,772 | |
| Trade receivables | 290 | €37,052 | - | -€37,052 | |
| Other amounts receivable | 291 | €22,720 | - | -€22,720 | |
| Amounts receivable within one year | 40/41 | - | €40,094 | +€40,094 | |
| Trade receivables | 40 | - | €37,374 | +€37,374 | |
| Other amounts receivable | 41 | - | €2,720 | +€2,720 | |
| Cash at bank and in hand | 54/58 | - | €210,758 | +€210,758 | |
| Deferred charges and accrued income | 490/1 | €130,931 | - | -€130,931 | |
| Total equity and liabilities | 10/49 | €2,496,992 | €2,555,495 | +€58,504 | +2.3% |
| Equity | 10/15 | €631,630 | €936,535 | +€304,906 | +48.3% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €601,630 | €906,535 | +€304,906 | +50.7% |
| Amounts payable | 17/49 | €1,865,362 | €1,618,960 | -€246,402 | -13.2% |
| Amounts payable after more than one year | 17 | €1,355,570 | €1,155,640 | -€199,931 | -14.7% |
| Financial debts | 170/4 | €1,355,570 | €1,155,640 | -€199,931 | -14.7% |
| Amounts payable within one year | 42/48 | €509,792 | €463,320 | -€46,472 | -9.1% |
| Current portion of amounts payable after more than one year | 42 | - | €154,931 | +€154,931 | |
| Financial debts | 43 | €149,247 | - | -€149,247 | |
| Credit institutions | 430/8 | €149,247 | - | -€149,247 | |
| Trade debts | 44 | €21,251 | €1,500 | -€19,751 | -92.9% |
| Suppliers | 440/4 | €21,251 | €1,500 | -€19,751 | -92.9% |
| Taxes, remuneration and social security | 45 | €39,294 | €106,890 | +€67,596 | +172% |
| Taxes | 450/3 | €39,294 | €106,890 | +€67,596 | +172% |
| Other amounts payable | 47/48 | €300,000 | €200,000 | -€100,000 | -33.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €76,865 | €1,646 | -€75,219 | -97.9% |
| Other operating charges | 640/8 | €2,416 | €4,697 | +€2,282 | +94.4% |
| Gross operating margin | 9900 | €256,101 | €449,305 | +€193,204 | +75.4% |
| Operating profit (loss) | 9901 | €176,820 | €442,962 | +€266,142 | +151% |
| Financial income | 75/76B | €500,000 | €140 | -€499,860 | -100.0% |
| Recurring financial income | 75 | €500,000 | €140 | -€499,860 | -100.0% |
| Financial charges | 65/66B | €47,981 | €43,227 | -€4,754 | -9.9% |
| Recurring financial charges | 65 | €47,981 | €43,227 | -€4,754 | -9.9% |
| Profit (loss) for the period before taxes | 9903 | €628,839 | €399,875 | -€228,965 | -36.4% |
| Income taxes | 67/77 | €27,210 | €94,969 | +€67,759 | +249% |
| Profit (loss) for the period | 9904 | €601,630 | €304,906 | -€296,724 | -49.3% |
| Profit (loss) for the period to be appropriated | 9905 | €601,630 | €304,906 | -€296,724 | -49.3% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.