INSURA: 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.
INSURA
Largest movements
- Financial fixed assets +€288,793
up €288,793 (+49.6%), from €582,253 to €871,047
- Intangible fixed assets +€192,950
new in 2025: €192,950
- Receivables within one year +€167,946
up €167,946 (+90.6%), from €185,427 to €353,373
of which Other amounts receivable: +€107,349
- Deferred charges and accrued income -€38,545
down €38,545 (-89.5%), from €43,084 to €4,539
- Cash +€17,105
up €17,105 (+8.2%), from €207,853 to €224,958
mainly Debts after one year (+€319,507) and Net result for the year (+€184,279)
- Debts after one year +€319,507
up €319,507 (+63.1%), from €506,750 to €826,257
- Profit (loss) carried forward +€184,279
up €184,279 (+768%), from €24,009 to €208,288
- Current portion of long-term debt +€57,545
up €57,545 (+103%), from €55,642 to €113,187
- Tax, wage and social debts +€41,256
up €41,256 (+79.1%), from €52,181 to €93,437
of which Remuneration and social security: +€35,868
- Trade debts +€23,155
up €23,155 (+51.9%), from €44,649 to €67,804
- Gross operating margin +€200,661
up €200,661 (+60.9%), from €329,706 to €530,367
- Financial income +€99,342
up €99,342 (+2,220%), from €4,475 to €103,817
- Staff costs +€63,778
up €63,778 (+24.2%), from €264,003 to €327,781
- Depreciation +€34,837
up €34,837 (+639%), from €5,455 to €40,292
- Taxes +€21,948
up €21,948 (+172%), from €12,738 to €34,686
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.
Derived cash bridge
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 | €1,042,742 | €1,665,492 | +€622,750 | +59.7% |
| Fixed assets | 21/28 | €598,048 | €1,081,249 | +€483,201 | +80.8% |
| Intangible fixed assets | 21 | - | €192,950 | +€192,950 | |
| Tangible fixed assets | 22/27 | €15,795 | €17,252 | +€1,458 | +9.2% |
| Plant, machinery and equipment | 23 | - | €6,884 | +€6,884 | |
| Furniture and vehicles | 24 | €15,020 | €9,992 | -€5,028 | -33.5% |
| Other tangible fixed assets | 26 | €775 | €377 | -€398 | -51.4% |
| Financial fixed assets | 28 | €582,253 | €871,047 | +€288,793 | +49.6% |
| Current assets | 29/58 | €444,694 | €584,243 | +€139,549 | +31.4% |
| Amounts receivable within one year | 40/41 | €185,427 | €353,373 | +€167,946 | +90.6% |
| Trade receivables | 40 | €121,188 | €181,785 | +€60,598 | +50.0% |
| Other amounts receivable | 41 | €64,239 | €171,587 | +€107,349 | +167% |
| Current investments | 50/53 | €8,331 | €1,374 | -€6,957 | -83.5% |
| Cash at bank and in hand | 54/58 | €207,853 | €224,958 | +€17,105 | +8.2% |
| Deferred charges and accrued income | 490/1 | €43,084 | €4,539 | -€38,545 | -89.5% |
| Total equity and liabilities | 10/49 | €1,042,742 | €1,665,492 | +€622,750 | +59.7% |
| Equity | 10/15 | €182,988 | €367,267 | +€184,279 | +101% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €152,779 | €152,779 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €152,779 | €152,779 | = | 0.0% |
| Profit (loss) carried forward | 14 | €24,009 | €208,288 | +€184,279 | +768% |
| Amounts payable | 17/49 | €859,754 | €1,298,224 | +€438,470 | +51.0% |
| Amounts payable after more than one year | 17 | €506,750 | €826,257 | +€319,507 | +63.1% |
| Financial debts | 170/4 | €506,750 | €826,257 | +€319,507 | +63.1% |
| Amounts payable within one year | 42/48 | €152,472 | €286,966 | +€134,493 | +88.2% |
| Current portion of amounts payable after more than one year | 42 | €55,642 | €113,187 | +€57,545 | +103% |
| Financial debts | 43 | - | €12,537 | +€12,537 | |
| Credit institutions | 430/8 | - | €12,537 | +€12,537 | |
| Trade debts | 44 | €44,649 | €67,804 | +€23,155 | +51.9% |
| Suppliers | 440/4 | €44,649 | €67,804 | +€23,155 | +51.9% |
| Taxes, remuneration and social security | 45 | €52,181 | €93,437 | +€41,256 | +79.1% |
| Taxes | 450/3 | €14,032 | €19,420 | +€5,388 | +38.4% |
| Remuneration and social security | 454/9 | €38,149 | €74,017 | +€35,868 | +94.0% |
| Accrued charges and deferred income | 492/3 | €200,532 | €185,001 | -€15,530 | -7.7% |
| Remuneration, social security and pensions | 62 | €264,003 | €327,781 | +€63,778 | +24.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,455 | €40,292 | +€34,837 | +639% |
| Other operating charges | 640/8 | €1,383 | €2,080 | +€696 | +50.3% |
| Gross operating margin | 9900 | €329,706 | €530,367 | +€200,661 | +60.9% |
| Operating profit (loss) | 9901 | €58,864 | €160,214 | +€101,351 | +172% |
| Financial income | 75/76B | €4,475 | €103,817 | +€99,342 | +2,220% |
| Recurring financial income | 75 | €4,475 | €103,817 | +€99,342 | +2,220% |
| Financial charges | 65/66B | €26,592 | €45,066 | +€18,474 | +69.5% |
| Recurring financial charges | 65 | €26,592 | €45,066 | +€18,474 | +69.5% |
| Profit (loss) for the period before taxes | 9903 | €36,747 | €218,965 | +€182,218 | +496% |
| Income taxes | 67/77 | €12,738 | €34,686 | +€21,948 | +172% |
| Profit (loss) for the period | 9904 | €24,009 | €184,279 | +€160,271 | +668% |
| Profit (loss) for the period to be appropriated | 9905 | €24,009 | €184,279 | +€160,271 | +668% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.