REMOVE INSUL: 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
REMOVE INSUL
NACE 43.230, Insulation installation
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€13,537
2024 · €105,332-€118,869
Equity
€882,287
2024 · €895,824-€13,537
Cash
-
not filed
Balance sheet total
€1.2m
2024 · €1.2m+€11,074
Largest movements
Assets
- Receivables within one year -€36,754
down €36,754 (-3.4%), from €1.1m to €1.0m
of which Other amounts receivable: -€148,940
- Tangible fixed assets +€34,650
up €34,650 (+1659.6%), from €2,088 to €36,738
Equity and liabilities
- Trade debts +€52,247
up €52,247 (+22.7%), from €230,058 to €282,305
- Tax, wage and social debts -€27,636
down €27,636 (-28.3%), from €97,489 to €69,853
of which Taxes: -€28,942
- Profit (loss) carried forward -€13,537
down €13,537 (-2.4%), from €552,624 to €539,087
Income statement
- Turnover -€281,080
down €281,080 (-19.9%), from €1.4m to €1.1m
- Goods and materials -€84,682
down €84,682 (-12.8%), from €662,847 to €578,165
of which Purchases: -€81,686
- Services and other goods -€61,825
down €61,825 (-18.6%), from €332,112 to €270,287
- Taxes -€35,731
down €35,731 (-99.4%), from €35,956 to €225
of which Taxes: -€37,125
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
€105,332
Turnover
-€281,080
Other operating income
+€1,064
Goods and materials
+€84,682
Services and other goods
+€61,825
Staff costs
-€10,586
Depreciation
-€3,254
Write-downs
-€10,692
Other operating charges
+€2,719
Financial income
+€1,032
Financial charges
-€309
Taxes
+€35,731
Result 2025
-€13,537
Cash bridge derived
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,238,499 | €1,249,573 | +€11,074 | +0.9% |
| Fixed assets | 21/28 | €17,985 | €55,031 | +€37,045 | +206.0% |
| Intangible fixed assets | 21 | €11,433 | €13,828 | +€2,395 | +20.9% |
| Tangible fixed assets | 22/27 | €2,088 | €36,738 | +€34,650 | +1659.6% |
| Plant, machinery and equipment | 23 | €2,088 | €36,738 | +€34,650 | +1659.6% |
| Financial fixed assets | 28 | €4,464 | €4,464 | = | 0.0% |
| Other financial fixed assets | 284/8 | €4,464 | €4,464 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €4,464 | €4,464 | = | 0.0% |
| Current assets | 29/58 | €1,220,513 | €1,194,542 | -€25,972 | -2.1% |
| Stocks and contracts in progress | 3 | €82,153 | €81,534 | -€618 | -0.8% |
| Stocks | 30/36 | €82,153 | €81,534 | -€618 | -0.8% |
| Raw materials and consumables | 30/31 | €16,206 | €15,401 | -€805 | -5.0% |
| Goods purchased for resale | 34 | €65,947 | €66,133 | +€187 | +0.3% |
| Amounts receivable within one year | 40/41 | €1,080,414 | €1,043,660 | -€36,754 | -3.4% |
| Trade receivables | 40 | €152,673 | €264,859 | +€112,186 | +73.5% |
| Other amounts receivable | 41 | €927,740 | €778,801 | -€148,940 | -16.1% |
| Deferred charges and accrued income | 490/1 | €57,947 | €69,348 | +€11,401 | +19.7% |
| Total equity and liabilities | 10/49 | €1,238,499 | €1,249,573 | +€11,074 | +0.9% |
| Equity | 10/15 | €895,824 | €882,287 | -€13,537 | -1.5% |
| Contributions | 10/11 | €312,000 | €312,000 | = | 0.0% |
| Capital | 10 | €312,000 | €312,000 | = | 0.0% |
| Issued capital | 100 | €312,000 | €312,000 | = | 0.0% |
| Reserves | 13 | €31,200 | €31,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €31,200 | €31,200 | = | 0.0% |
| Legal reserve | 130 | €31,200 | €31,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €552,624 | €539,087 | -€13,537 | -2.4% |
| Amounts payable | 17/49 | €342,674 | €367,285 | +€24,611 | +7.2% |
| Amounts payable within one year | 42/48 | €327,547 | €352,158 | +€24,611 | +7.5% |
| Trade debts | 44 | €230,058 | €282,305 | +€52,247 | +22.7% |
| Suppliers | 440/4 | €230,058 | €282,305 | +€52,247 | +22.7% |
| Taxes, remuneration and social security | 45 | €97,489 | €69,853 | -€27,636 | -28.3% |
| Taxes | 450/3 | €36,256 | €7,314 | -€28,942 | -79.8% |
| Remuneration and social security | 454/9 | €61,233 | €62,539 | +€1,305 | +2.1% |
| Accrued charges and deferred income | 492/3 | €15,127 | €15,127 | = | 0.0% |
| Operating income | 70/76A | €1,416,288 | €1,136,272 | -€280,016 | -19.8% |
| Turnover | 70 | €1,415,803 | €1,134,723 | -€281,080 | -19.9% |
| Other operating income | 74 | €485 | €1,550 | +€1,064 | +219.2% |
| Operating charges | 60/66A | €1,310,298 | €1,185,604 | -€124,693 | -9.5% |
| Goods for resale, raw materials and consumables | 60 | €662,847 | €578,165 | -€84,682 | -12.8% |
| Purchases | 600/8 | €661,458 | €579,772 | -€81,686 | -12.3% |
| Change in stocks: decrease (increase) | 609 | €1,389 | -€1,607 | -€2,996 | |
| Services and other goods | 61 | €332,112 | €270,287 | -€61,825 | -18.6% |
| Remuneration, social security and pensions | 62 | €310,858 | €321,444 | +€10,586 | +3.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,700 | €7,955 | +€3,254 | +69.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€8,467 | €2,225 | +€10,692 | |
| Other operating charges | 640/8 | €8,247 | €5,529 | -€2,719 | -33.0% |
| Operating profit (loss) | 9901 | €105,990 | -€49,332 | -€155,322 | |
| Financial income | 75/76B | €36,413 | €37,445 | +€1,032 | +2.8% |
| Recurring financial income | 75 | €36,413 | €37,445 | +€1,032 | +2.8% |
| Income from current assets | 751 | €36,411 | €37,426 | +€1,016 | +2.8% |
| Other financial income | 752/9 | €2 | €19 | +€16 | +654.1% |
| Financial charges | 65/66B | €1,115 | €1,425 | +€309 | +27.7% |
| Recurring financial charges | 65 | €1,115 | €1,425 | +€309 | +27.7% |
| Debt charges | 650 | - | €328 | +€328 | |
| Other financial charges | 652/9 | €1,115 | €1,097 | -€19 | -1.7% |
| Profit (loss) for the period before taxes | 9903 | €141,288 | -€13,312 | -€154,600 | |
| Income taxes | 67/77 | €35,956 | €225 | -€35,731 | -99.4% |
| Taxes | 670/3 | €37,350 | €225 | -€37,125 | -99.4% |
| Tax adjustments and reversals of tax provisions | 77 | €1,394 | - | -€1,394 | |
| Profit (loss) for the period | 9904 | €105,332 | -€13,537 | -€118,869 | |
| Profit (loss) for the period to be appropriated | 9905 | €105,332 | -€13,537 | -€118,869 |
Source: filed annual accounts (NBB), fiscal years ended 31 August 2024 and 31 August 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.