INSUMAT: 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.
What changed
INSUMAT
NACE 68.110, Buying and selling of own real estate
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€6,465
2024 · -€73,040+€66,575
Equity
€2.1m
2024 · €2.1m-€6,465
Cash
€50,278
2024 · €120,143-€69,865
Balance sheet total
€9.7m
2024 · €10.2m-€447,561
Largest movements
Assets
- Tangible fixed assets -€341,089
down €341,089 (-3.4%), from €10.0m to €9.6m
of which Land and buildings: -€262,883
Equity and liabilities
- Current portion of long-term debt -€299,462
down €299,462 (-9.9%), from €3.0m to €2.7m
- Debts after one year -€113,290
down €113,290 (-4.3%), from €2.6m to €2.5m
Income statement
- Gross operating margin +€123,176
up €123,176 (+23.0%), from €534,847 to €658,023
- Financial income -€101,044
down €101,044 (-98.4%), from €102,693 to €1,650
of which Non-recurring financial income: -€99,646
- Financial charges -€57,541
down €57,541 (-19.6%), from €293,684 to €236,142
- Write-downs +€10,457
new in 2025: €10,457
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
-€73,040
Gross operating margin
+€123,176
Staff costs
+€236
Depreciation
-€1,033
Write-downs
-€10,457
Other operating charges
-€429
Financial income
-€101,044
Financial charges
+€57,541
Taxes
-€1,456
Deferred taxes and other
+€40
Result 2025
-€6,465
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
+€331,800
Investment
+€10,709
Financing
-€412,374
Cash 2024
€120,143
From operations (derived)
+€331,800
Net result for the year
-€6,465
Depreciation
+€330,380
Receivables within one year
+€36,268
Deferred charges and accrued income
+€339
Provisions
-€8,360
Trade debts
-€6,557
Tax, wage and social debts
+€7,060
Other debts
-€14,360
Accrued charges and deferred income
-€6,505
Investment (derived)
+€10,709
Investment in fixed assets (net)
+€10,709
Financing
-€412,374
Debts after one year
-€113,290
Current portion of long-term debt
-€299,462
Short-term financial debts
+€378
Cash 2025
€50,278
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €10,155,785 | €9,708,224 | -€447,561 | -4.4% |
| Fixed assets | 21/28 | €9,962,553 | €9,621,463 | -€341,089 | -3.4% |
| Tangible fixed assets | 22/27 | €9,962,553 | €9,621,463 | -€341,089 | -3.4% |
| Land and buildings | 22 | €9,707,500 | €9,444,617 | -€262,883 | -2.7% |
| Furniture and vehicles | 24 | €199,823 | €138,759 | -€61,064 | -30.6% |
| Leasing and similar rights | 25 | €55,229 | €38,088 | -€17,142 | -31.0% |
| Current assets | 29/58 | €193,233 | €86,760 | -€106,472 | -55.1% |
| Amounts receivable within one year | 40/41 | €61,772 | €25,505 | -€36,268 | -58.7% |
| Trade receivables | 40 | €57,197 | €25,180 | -€32,017 | -56.0% |
| Other amounts receivable | 41 | €4,575 | €325 | -€4,250 | -92.9% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €120,143 | €50,278 | -€69,865 | -58.2% |
| Deferred charges and accrued income | 490/1 | €11,318 | €10,978 | -€339 | -3.0% |
| Total equity and liabilities | 10/49 | €10,155,785 | €9,708,224 | -€447,561 | -4.4% |
| Equity | 10/15 | €2,076,975 | €2,070,510 | -€6,465 | -0.3% |
| Contributions | 10/11 | €465,265 | €465,265 | = | 0.0% |
| Capital | 10 | €465,265 | €465,265 | = | 0.0% |
| Issued capital | 100 | €1,675,060 | €1,675,060 | = | 0.0% |
| Uncalled capital | 101 | €1,209,795 | €1,209,795 | = | 0.0% |
| Reserves | 13 | €1,611,710 | €1,605,245 | -€6,465 | -0.4% |
| Non-distributable reserves | 130/1 | €91,540 | €92,340 | +€800 | +0.9% |
| Legal reserve | 130 | €91,540 | €92,340 | +€800 | +0.9% |
| Tax-exempt reserves | 132 | €230,473 | €209,627 | -€20,846 | -9.0% |
| Distributable reserves | 133 | €1,289,697 | €1,303,278 | +€13,581 | +1.1% |
| Provisions and deferred taxes | 16 | €109,329 | €100,970 | -€8,360 | -7.6% |
| Deferred taxes | 168 | €109,329 | €100,970 | -€8,360 | -7.6% |
| Amounts payable | 17/49 | €7,969,481 | €7,536,745 | -€432,737 | -5.4% |
| Amounts payable after more than one year | 17 | €2,629,393 | €2,516,102 | -€113,290 | -4.3% |
| Financial debts | 170/4 | €2,629,393 | €2,516,102 | -€113,290 | -4.3% |
| Amounts payable within one year | 42/48 | €5,247,153 | €4,934,212 | -€312,941 | -6.0% |
| Current portion of amounts payable after more than one year | 42 | €3,012,753 | €2,713,290 | -€299,462 | -9.9% |
| Financial debts | 43 | €250,784 | €251,162 | +€378 | +0.2% |
| Credit institutions | 430/8 | €250,784 | €251,162 | +€378 | +0.2% |
| Trade debts | 44 | €8,327 | €1,770 | -€6,557 | -78.7% |
| Suppliers | 440/4 | €8,327 | €1,770 | -€6,557 | -78.7% |
| Taxes, remuneration and social security | 45 | €20,625 | €27,684 | +€7,060 | +34.2% |
| Taxes | 450/3 | €11,453 | €15,743 | +€4,290 | +37.5% |
| Remuneration and social security | 454/9 | €9,171 | €11,941 | +€2,770 | +30.2% |
| Other amounts payable | 47/48 | €1,954,664 | €1,940,304 | -€14,360 | -0.7% |
| Accrued charges and deferred income | 492/3 | €92,936 | €86,431 | -€6,505 | -7.0% |
| Non-recurring operating income | 76A | - | €123,123 | +€123,123 | |
| Remuneration, social security and pensions | 62 | €52,784 | €52,548 | -€236 | -0.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €329,347 | €330,380 | +€1,033 | +0.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €10,457 | +€10,457 | |
| Other operating charges | 640/8 | €42,498 | €42,927 | +€429 | +1.0% |
| Gross operating margin | 9900 | €534,847 | €658,023 | +€123,176 | +23.0% |
| Operating profit (loss) | 9901 | €110,218 | €221,711 | +€111,493 | +101.2% |
| Financial income | 75/76B | €102,693 | €1,650 | -€101,044 | -98.4% |
| Recurring financial income | 75 | €3,047 | €1,650 | -€1,398 | -45.9% |
| Non-recurring financial income | 76B | €99,646 | - | -€99,646 | |
| Financial charges | 65/66B | €293,684 | €236,142 | -€57,541 | -19.6% |
| Recurring financial charges | 65 | €293,684 | €236,142 | -€57,541 | -19.6% |
| Profit (loss) for the period before taxes | 9903 | -€80,772 | -€12,782 | +€67,991 | +84.2% |
| Transfer from deferred taxes | 780 | €8,320 | €8,360 | +€40 | +0.5% |
| Transfer to deferred taxes | 680 | €0 | - | = | |
| Income taxes | 67/77 | €588 | €2,043 | +€1,456 | +247.7% |
| Profit (loss) for the period | 9904 | -€73,040 | -€6,465 | +€66,575 | +91.1% |
| Transfer from tax-exempt reserves | 789 | €20,768 | €20,846 | +€78 | +0.4% |
| Transfer to tax-exempt reserves | 689 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | -€52,272 | €14,381 | +€66,653 |
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 4 October 2026 via checked.be.