NsureX: 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.
NsureX
Largest movements
- Cash +€36,814
up €36,814 (+1981.5%), from €1,858 to €38,672
mainly Depreciation (+€27,731) and Net result for the year (+€26,417)
- Tangible fixed assets -€23,834
down €23,834 (-23.4%), from €101,664 to €77,831
of which Furniture and vehicles: -€23,633
- Current investments +€15,313
up €15,313 (+44.6%), from €34,327 to €49,640
- Receivables within one year +€13,646
up €13,646 (+10.5%), from €129,492 to €143,138
of which Other amounts receivable: +€8,493
- Deferred charges and accrued income -€5,277
down €5,277 (-38.2%), from €13,816 to €8,540
- Reserves +€26,417
up €26,417 (+19.1%), from €137,999 to €164,416
of which Distributable reserves: +€26,417
- Accrued charges and deferred income +€15,313
up €15,313 (+107.2%), from €14,287 to €29,600
- Debts after one year -€15,291
down €15,291 (-56.0%), from €27,309 to €12,017
- Tax, wage and social debts +€5,853
up €5,853 (+29.5%), from €19,840 to €25,693
of which Taxes: +€5,214
- Trade debts +€3,984
up €3,984 (+63.1%), from €6,318 to €10,302
- Staff costs -€55,370
down €55,370 (-22.7%), from €244,174 to €188,804
- Taxes +€10,214
up €10,214 (+188.3%), from €5,424 to €15,638
- Depreciation +€9,428
up €9,428 (+51.5%), from €18,302 to €27,731
- Gross operating margin -€8,219
down €8,219 (-3.1%), from €268,577 to €260,358
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 | €282,657 | €319,320 | +€36,663 | +13.0% |
| Fixed assets | 21/28 | €103,164 | €79,331 | -€23,834 | -23.1% |
| Tangible fixed assets | 22/27 | €101,664 | €77,831 | -€23,834 | -23.4% |
| Land and buildings | 22 | €11,576 | €9,807 | -€1,769 | -15.3% |
| Plant, machinery and equipment | 23 | €2,759 | €4,746 | +€1,986 | +72.0% |
| Furniture and vehicles | 24 | €83,333 | €59,700 | -€23,633 | -28.4% |
| Other tangible fixed assets | 26 | €3,996 | €3,578 | -€418 | -10.5% |
| Financial fixed assets | 28 | €1,500 | €1,500 | = | 0.0% |
| Current assets | 29/58 | €179,493 | €239,989 | +€60,496 | +33.7% |
| Amounts receivable within one year | 40/41 | €129,492 | €143,138 | +€13,646 | +10.5% |
| Trade receivables | 40 | €31,445 | €36,598 | +€5,152 | +16.4% |
| Other amounts receivable | 41 | €98,046 | €106,540 | +€8,493 | +8.7% |
| Current investments | 50/53 | €34,327 | €49,640 | +€15,313 | +44.6% |
| Cash at bank and in hand | 54/58 | €1,858 | €38,672 | +€36,814 | +1981.5% |
| Deferred charges and accrued income | 490/1 | €13,816 | €8,540 | -€5,277 | -38.2% |
| Total equity and liabilities | 10/49 | €282,657 | €319,320 | +€36,663 | +13.0% |
| Equity | 10/15 | €199,999 | €226,416 | +€26,417 | +13.2% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €137,999 | €164,416 | +€26,417 | +19.1% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €131,799 | €158,216 | +€26,417 | +20.0% |
| Amounts payable | 17/49 | €82,658 | €92,903 | +€10,245 | +12.4% |
| Amounts payable after more than one year | 17 | €27,309 | €12,017 | -€15,291 | -56.0% |
| Financial debts | 170/4 | €27,309 | €12,017 | -€15,291 | -56.0% |
| Amounts payable within one year | 42/48 | €41,063 | €51,286 | +€10,223 | +24.9% |
| Current portion of amounts payable after more than one year | 42 | €14,905 | €15,291 | +€386 | +2.6% |
| Trade debts | 44 | €6,318 | €10,302 | +€3,984 | +63.1% |
| Suppliers | 440/4 | €6,318 | €10,302 | +€3,984 | +63.1% |
| Taxes, remuneration and social security | 45 | €19,840 | €25,693 | +€5,853 | +29.5% |
| Taxes | 450/3 | €424 | €5,638 | +€5,214 | +1229.4% |
| Remuneration and social security | 454/9 | €19,416 | €20,055 | +€639 | +3.3% |
| Accrued charges and deferred income | 492/3 | €14,287 | €29,600 | +€15,313 | +107.2% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €244,174 | €188,804 | -€55,370 | -22.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,302 | €27,731 | +€9,428 | +51.5% |
| Other operating charges | 640/8 | €650 | €647 | -€3 | -0.5% |
| Gross operating margin | 9900 | €268,577 | €260,358 | -€8,219 | -3.1% |
| Operating profit (loss) | 9901 | €5,451 | €43,177 | +€37,726 | +692.1% |
| Financial income | 75/76B | €57 | €0 | -€57 | -100.0% |
| Recurring financial income | 75 | €57 | €0 | -€57 | -100.0% |
| Financial charges | 65/66B | €1,542 | €1,122 | -€421 | -27.3% |
| Recurring financial charges | 65 | €1,542 | €1,122 | -€421 | -27.3% |
| Profit (loss) for the period before taxes | 9903 | €3,966 | €42,056 | +€38,090 | +960.4% |
| Income taxes | 67/77 | €5,424 | €15,638 | +€10,214 | +188.3% |
| Profit (loss) for the period | 9904 | -€1,458 | €26,417 | +€27,876 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,458 | €26,417 | +€27,876 |
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 5 October 2026 via checked.be.