INSURO: 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.
INSURO
Largest movements
- Intangible fixed assets -€142,857
down €142,857 (-26.7%), from €535,029 to €392,172
- Receivables within one year +€44,369
up €44,369 (+31.4%), from €141,283 to €185,653
of which Other amounts receivable: +€31,561
- Cash -€36,670
down €36,670 (-13.7%), from €267,424 to €230,754
mainly Contributions, distributions and other (-€420,000) and Debts after one year (-€290,429)
- Debts after one year -€290,429
down €290,429 (-28.7%), from €1.0m to €721,764
- Other debts +€119,739
up €119,739 (+2,212%), from €5,413 to €125,152
- Current portion of long-term debt +€46,851
up €46,851 (+67.4%), from €69,525 to €116,376
- Gross operating margin +€238,416
up €238,416 (+18.5%), from €1.3m to €1.5m
- Staff costs +€76,563
up €76,563 (+11.7%), from €656,111 to €732,675
- Other operating charges -€40,638
down €40,638 (-70.1%), from €57,942 to €17,304
- Taxes +€33,900
up €33,900 (+47.7%), from €71,123 to €105,022
- Financial charges +€18,246
up €18,246 (+101%), from €18,129 to €36,376
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 | €1,967,667 | €1,831,991 | -€135,675 | -6.9% |
| Fixed assets | 21/28 | €1,549,362 | €1,414,577 | -€134,785 | -8.7% |
| Intangible fixed assets | 21 | €535,029 | €392,172 | -€142,857 | -26.7% |
| Tangible fixed assets | 22/27 | €1,014,333 | €1,022,405 | +€8,072 | +0.8% |
| Land and buildings | 22 | €941,653 | €903,567 | -€38,085 | -4.0% |
| Plant, machinery and equipment | 23 | €6,725 | €5,320 | -€1,405 | -20.9% |
| Furniture and vehicles | 24 | €65,955 | €42,059 | -€23,896 | -36.2% |
| Leasing and similar rights | 25 | - | €71,458 | +€71,458 | |
| Current assets | 29/58 | €418,305 | €417,414 | -€890 | -0.2% |
| Amounts receivable within one year | 40/41 | €141,283 | €185,653 | +€44,369 | +31.4% |
| Trade receivables | 40 | €9,065 | €21,874 | +€12,809 | +141% |
| Other amounts receivable | 41 | €132,218 | €163,779 | +€31,561 | +23.9% |
| Cash at bank and in hand | 54/58 | €267,424 | €230,754 | -€36,670 | -13.7% |
| Deferred charges and accrued income | 490/1 | €9,598 | €1,008 | -€8,589 | -89.5% |
| Total equity and liabilities | 10/49 | €1,967,667 | €1,831,991 | -€135,675 | -6.9% |
| Equity | 10/15 | €779,551 | €773,472 | -€6,080 | -0.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €760,951 | €754,872 | -€6,080 | -0.8% |
| Tax-exempt reserves | 132 | €41,689 | €41,689 | = | 0.0% |
| Distributable reserves | 133 | €719,262 | €713,183 | -€6,080 | -0.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €0 | - | = | |
| Deferred taxes | 168 | €0 | - | = | |
| Amounts payable | 17/49 | €1,188,115 | €1,058,519 | -€129,596 | -10.9% |
| Amounts payable after more than one year | 17 | €1,012,193 | €721,764 | -€290,429 | -28.7% |
| Financial debts | 170/4 | €1,012,193 | €721,764 | -€290,429 | -28.7% |
| Amounts payable within one year | 42/48 | €175,922 | €336,755 | +€160,833 | +91.4% |
| Current portion of amounts payable after more than one year | 42 | €69,525 | €116,376 | +€46,851 | +67.4% |
| Trade debts | 44 | €14,841 | €10,401 | -€4,441 | -29.9% |
| Suppliers | 440/4 | €14,841 | €10,401 | -€4,441 | -29.9% |
| Advances received on contracts in progress | 46 | - | €5,489 | +€5,489 | |
| Taxes, remuneration and social security | 45 | €86,143 | €79,337 | -€6,806 | -7.9% |
| Taxes | 450/3 | €18,579 | €0 | -€18,579 | -100% |
| Remuneration and social security | 454/9 | €67,564 | €79,337 | +€11,773 | +17.4% |
| Other amounts payable | 47/48 | €5,413 | €125,152 | +€119,739 | +2,212% |
| Remuneration, social security and pensions | 62 | €656,111 | €732,675 | +€76,563 | +11.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €206,189 | €222,021 | +€15,833 | +7.7% |
| Other operating charges | 640/8 | €57,942 | €17,304 | -€40,638 | -70.1% |
| Non-recurring operating charges | 66A | €53,321 | €0 | -€53,321 | -100% |
| Gross operating margin | 9900 | €1,286,522 | €1,524,938 | +€238,416 | +18.5% |
| Operating profit (loss) | 9901 | €312,959 | €552,938 | +€239,979 | +76.7% |
| Financial income | 75/76B | €1,814 | €2,380 | +€566 | +31.2% |
| Recurring financial income | 75 | €1,814 | €2,380 | +€566 | +31.2% |
| Financial charges | 65/66B | €18,129 | €36,376 | +€18,246 | +101% |
| Recurring financial charges | 65 | €18,129 | €36,376 | +€18,246 | +101% |
| Profit (loss) for the period before taxes | 9903 | €296,643 | €518,943 | +€222,299 | +74.9% |
| Transfer from deferred taxes | 780 | €75 | €0 | -€75 | -100% |
| Income taxes | 67/77 | €71,123 | €105,022 | +€33,900 | +47.7% |
| Profit (loss) for the period | 9904 | €225,596 | €413,920 | +€188,325 | +83.5% |
| Transfer from tax-exempt reserves | 789 | €225 | €0 | -€225 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | €225,821 | €413,920 | +€188,100 | +83.3% |
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 28 October 2026 via checked.be.