FINSPIRATION: 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.
FINSPIRATION
Largest movements
- Current investments +€61,169
up €61,169 (+11.3%), from €541,331 to €602,500
- Tangible fixed assets +€60,393
up €60,393 (+435%), from €13,875 to €74,268
of which Furniture and vehicles: +€60,180
- Reserves -€564,689
down €564,689 (-97.9%), from €576,908 to €12,219
- Other debts +€545,765
up €545,765 (+5,150%), from €10,598 to €556,363
- Tax, wage and social debts +€97,393
up €97,393 (+457%), from €21,306 to €118,700
- Debts after one year +€32,087
new in 2025: €32,087
- Current portion of long-term debt +€14,750
new in 2025: €14,750
- Gross operating margin +€33,856
up €33,856 (+37.3%), from €90,831 to €124,686
- Depreciation +€18,214
up €18,214 (+552%), from €3,300 to €21,514
- Financial charges +€9,242
up €9,242, from -€5,196 to €4,046
- Taxes +€2,996
up €2,996 (+13.9%), from €21,495 to €24,491
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 | €627,169 | €753,262 | +€126,093 | +20.1% |
| Fixed assets | 21/28 | €13,875 | €74,268 | +€60,393 | +435% |
| Tangible fixed assets | 22/27 | €13,875 | €74,268 | +€60,393 | +435% |
| Furniture and vehicles | 24 | €2,501 | €62,681 | +€60,180 | +2,406% |
| Other tangible fixed assets | 26 | €11,374 | €11,588 | +€213 | +1.9% |
| Current assets | 29/58 | €613,294 | €678,994 | +€65,700 | +10.7% |
| Amounts receivable within one year | 40/41 | €23,609 | €24,266 | +€657 | +2.8% |
| Trade receivables | 40 | €20,810 | €21,467 | +€657 | +3.2% |
| Other amounts receivable | 41 | €2,799 | €2,799 | = | 0.0% |
| Current investments | 50/53 | €541,331 | €602,500 | +€61,169 | +11.3% |
| Cash at bank and in hand | 54/58 | €47,385 | €51,114 | +€3,729 | +7.9% |
| Deferred charges and accrued income | 490/1 | €970 | €1,114 | +€145 | +14.9% |
| Total equity and liabilities | 10/49 | €627,169 | €753,262 | +€126,093 | +20.1% |
| Equity | 10/15 | €594,710 | €30,021 | -€564,689 | -95.0% |
| Contributions | 10/11 | €17,802 | €17,802 | = | 0.0% |
| Reserves | 13 | €576,908 | €12,219 | -€564,689 | -97.9% |
| Distributable reserves | 133 | €576,908 | €12,219 | -€564,689 | -97.9% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €32,459 | €723,241 | +€690,782 | +2,128% |
| Amounts payable after more than one year | 17 | - | €32,087 | +€32,087 | |
| Financial debts | 170/4 | - | €32,087 | +€32,087 | |
| Amounts payable within one year | 42/48 | €32,459 | €691,155 | +€658,695 | +2,029% |
| Current portion of amounts payable after more than one year | 42 | - | €14,750 | +€14,750 | |
| Trade debts | 44 | €556 | €1,342 | +€786 | +142% |
| Suppliers | 440/4 | €556 | €1,342 | +€786 | +142% |
| Taxes, remuneration and social security | 45 | €21,306 | €118,700 | +€97,393 | +457% |
| Taxes | 450/3 | €21,306 | €118,700 | +€97,393 | +457% |
| Other amounts payable | 47/48 | €10,598 | €556,363 | +€545,765 | +5,150% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,300 | €21,514 | +€18,214 | +552% |
| Other operating charges | 640/8 | €628 | €707 | +€79 | +12.6% |
| Non-recurring operating charges | 66A | €201 | - | -€201 | |
| Gross operating margin | 9900 | €90,831 | €124,686 | +€33,856 | +37.3% |
| Operating profit (loss) | 9901 | €86,701 | €102,465 | +€15,764 | +18.2% |
| Financial income | 75/76B | €14,313 | €15,501 | +€1,187 | +8.3% |
| Recurring financial income | 75 | €14,313 | €15,501 | +€1,187 | +8.3% |
| Financial charges | 65/66B | -€5,196 | €4,046 | +€9,242 | |
| Recurring financial charges | 65 | -€5,196 | €4,046 | +€9,242 | |
| Profit (loss) for the period before taxes | 9903 | €106,211 | €113,920 | +€7,709 | +7.3% |
| Income taxes | 67/77 | €21,495 | €24,491 | +€2,996 | +13.9% |
| Profit (loss) for the period | 9904 | €84,716 | €89,429 | +€4,713 | +5.6% |
| Profit (loss) for the period to be appropriated | 9905 | €84,716 | €89,429 | +€4,713 | +5.6% |
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 21 October 2026 via checked.be.