INSUREA: 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.
INSUREA
Largest movements
- Receivables within one year +€157,921
up €157,921 (+11.0%), from €1.4m to €1.6m
of which Trade receivables: +€101,669
- Cash -€93,825
down €93,825 (-86.6%), from €108,384 to €14,559
mainly Contributions, distributions and other (-€500,000) and Current portion of long-term debt (-€218,230)
- Tangible fixed assets -€74,468
down €74,468 (-13.3%), from €561,591 to €487,123
of which Furniture and vehicles: -€75,335
- Intangible fixed assets -€35,863
down €35,863 (-19.0%), from €189,005 to €153,143
- Other debts +€229,104
up €229,104 (+40.9%), from €560,238 to €789,342
- Current portion of long-term debt -€218,230
down €218,230 (-53.4%), from €408,355 to €190,125
- Debts after one year -€125,240
down €125,240 (-23.8%), from €526,595 to €401,355
- Reserves +€83,904
up €83,904 (+19.9%), from €420,652 to €504,556
of which Distributable reserves: +€83,904
- Tax, wage and social debts -€53,121
down €53,121 (-19.4%), from €274,498 to €221,377
of which Taxes: -€80,235
- Gross operating margin +€139,516
up €139,516 (+5.6%), from €2.5m to €2.6m
- Taxes +€26,563
up €26,563 (+13.8%), from €192,285 to €218,848
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 | €2,414,651 | €2,361,618 | -€53,033 | -2.2% |
| Fixed assets | 21/28 | €750,746 | €640,416 | -€110,330 | -14.7% |
| Intangible fixed assets | 21 | €189,005 | €153,143 | -€35,863 | -19.0% |
| Tangible fixed assets | 22/27 | €561,591 | €487,123 | -€74,468 | -13.3% |
| Land and buildings | 22 | €25,053 | €19,648 | -€5,405 | -21.6% |
| Plant, machinery and equipment | 23 | €3,963 | €13,022 | +€9,060 | +228.6% |
| Furniture and vehicles | 24 | €505,122 | €429,787 | -€75,335 | -14.9% |
| Other tangible fixed assets | 26 | €27,452 | €24,665 | -€2,788 | -10.2% |
| Financial fixed assets | 28 | €150 | €150 | = | 0.0% |
| Current assets | 29/58 | €1,663,905 | €1,721,202 | +€57,297 | +3.4% |
| Amounts receivable after more than one year | 29 | - | €5,000 | +€5,000 | |
| Other amounts receivable | 291 | - | €5,000 | +€5,000 | |
| Amounts receivable within one year | 40/41 | €1,433,125 | €1,591,046 | +€157,921 | +11.0% |
| Trade receivables | 40 | €515,080 | €616,750 | +€101,669 | +19.7% |
| Other amounts receivable | 41 | €918,044 | €974,296 | +€56,252 | +6.1% |
| Current investments | 50/53 | €73,418 | €74,687 | +€1,269 | +1.7% |
| Cash at bank and in hand | 54/58 | €108,384 | €14,559 | -€93,825 | -86.6% |
| Deferred charges and accrued income | 490/1 | €48,979 | €35,911 | -€13,068 | -26.7% |
| Total equity and liabilities | 10/49 | €2,414,651 | €2,361,618 | -€53,033 | -2.2% |
| Equity | 10/15 | €477,771 | €561,675 | +€83,904 | +17.6% |
| Contributions | 10/11 | €2,900 | €2,900 | = | 0.0% |
| Reserves | 13 | €420,652 | €504,556 | +€83,904 | +19.9% |
| Non-distributable reserves | 130/1 | €870 | €870 | = | 0.0% |
| Reserves not available under the articles | 1311 | €870 | €870 | = | 0.0% |
| Tax-exempt reserves | 132 | €51,254 | €51,254 | = | 0.0% |
| Distributable reserves | 133 | €368,528 | €452,432 | +€83,904 | +22.8% |
| Profit (loss) carried forward | 14 | €54,219 | €54,219 | = | 0.0% |
| Amounts payable | 17/49 | €1,936,880 | €1,799,943 | -€136,938 | -7.1% |
| Amounts payable after more than one year | 17 | €526,595 | €401,355 | -€125,240 | -23.8% |
| Financial debts | 170/4 | €526,595 | €401,355 | -€125,240 | -23.8% |
| Amounts payable within one year | 42/48 | €1,407,440 | €1,389,268 | -€18,172 | -1.3% |
| Current portion of amounts payable after more than one year | 42 | €408,355 | €190,125 | -€218,230 | -53.4% |
| Trade debts | 44 | €164,349 | €188,425 | +€24,075 | +14.6% |
| Suppliers | 440/4 | €164,349 | €188,425 | +€24,075 | +14.6% |
| Taxes, remuneration and social security | 45 | €274,498 | €221,377 | -€53,121 | -19.4% |
| Taxes | 450/3 | €99,035 | €18,800 | -€80,235 | -81.0% |
| Remuneration and social security | 454/9 | €175,463 | €202,577 | +€27,114 | +15.5% |
| Other amounts payable | 47/48 | €560,238 | €789,342 | +€229,104 | +40.9% |
| Accrued charges and deferred income | 492/3 | €2,845 | €9,320 | +€6,475 | +227.6% |
| Non-recurring operating income | 76A | €19,289 | €5,378 | -€13,911 | -72.1% |
| Remuneration, social security and pensions | 62 | €1,611,823 | €1,621,339 | +€9,516 | +0.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €176,083 | €197,215 | +€21,132 | +12.0% |
| Other operating charges | 640/8 | €8,170 | €8,617 | +€447 | +5.5% |
| Gross operating margin | 9900 | €2,505,811 | €2,645,327 | +€139,516 | +5.6% |
| Operating profit (loss) | 9901 | €709,735 | €818,156 | +€108,421 | +15.3% |
| Financial income | 75/76B | €17,013 | €22,890 | +€5,876 | +34.5% |
| Recurring financial income | 75 | €17,013 | €22,890 | +€5,876 | +34.5% |
| Financial charges | 65/66B | €26,081 | €38,294 | +€12,213 | +46.8% |
| Recurring financial charges | 65 | €26,081 | €38,294 | +€12,213 | +46.8% |
| Profit (loss) for the period before taxes | 9903 | €700,668 | €802,752 | +€102,084 | +14.6% |
| Income taxes | 67/77 | €192,285 | €218,848 | +€26,563 | +13.8% |
| Profit (loss) for the period | 9904 | €508,383 | €583,904 | +€75,522 | +14.9% |
| Profit (loss) for the period to be appropriated | 9905 | €508,383 | €583,904 | +€75,522 | +14.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.