FINSPIRE: 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.
FINSPIRE
Largest movements
- Cash +€30,007
up €30,007 (+27.1%), from €110,571 to €140,578
mainly Net result for the year (+€64,922) and Depreciation (+€20,281)
- Tangible fixed assets -€12,066
down €12,066 (-18.5%), from €65,069 to €53,003
of which Furniture and vehicles: -€18,276
- Receivables within one year -€7,743
down €7,743 (-8.7%), from €88,785 to €81,042
of which Other amounts receivable: -€21,417
- Trade debts +€10,335
up €10,335 (+190.5%), from €5,424 to €15,759
- Tax, wage and social debts -€9,153
down €9,153 (-86.5%), from €10,576 to €1,423
- Reserves +€4,944
up €4,944 (+2.2%), from €222,182 to €227,126
of which Distributable reserves: +€4,944
- Accrued charges and deferred income +€2,935
up €2,935 (+29.7%), from €9,890 to €12,825
- Gross operating margin -€8,066
down €8,066 (-6.7%), from €120,671 to €112,605
- Taxes -€2,903
down €2,903 (-9.9%), from €29,326 to €26,423
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 | €266,622 | €275,682 | +€9,061 | +3.4% |
| Fixed assets | 21/28 | €65,069 | €53,003 | -€12,066 | -18.5% |
| Tangible fixed assets | 22/27 | €65,069 | €53,003 | -€12,066 | -18.5% |
| Plant, machinery and equipment | 23 | €233 | €5,205 | +€4,972 | +2137.8% |
| Furniture and vehicles | 24 | €59,275 | €40,999 | -€18,276 | -30.8% |
| Other tangible fixed assets | 26 | €5,562 | €6,800 | +€1,239 | +22.3% |
| Current assets | 29/58 | €201,553 | €222,679 | +€21,126 | +10.5% |
| Amounts receivable within one year | 40/41 | €88,785 | €81,042 | -€7,743 | -8.7% |
| Trade receivables | 40 | €34,526 | €48,201 | +€13,675 | +39.6% |
| Other amounts receivable | 41 | €54,259 | €32,842 | -€21,417 | -39.5% |
| Cash at bank and in hand | 54/58 | €110,571 | €140,578 | +€30,007 | +27.1% |
| Deferred charges and accrued income | 490/1 | €2,196 | €1,058 | -€1,137 | -51.8% |
| Total equity and liabilities | 10/49 | €266,622 | €275,682 | +€9,061 | +3.4% |
| Equity | 10/15 | €240,732 | €245,676 | +€4,944 | +2.1% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Outside capital | 11 | €18,550 | €18,550 | = | 0.0% |
| Other | 1109/19 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €222,182 | €227,126 | +€4,944 | +2.2% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Legal reserve | 130 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €220,327 | €225,271 | +€4,944 | +2.2% |
| Amounts payable | 17/49 | €25,890 | €30,007 | +€4,117 | +15.9% |
| Amounts payable within one year | 42/48 | €16,000 | €17,182 | +€1,182 | +7.4% |
| Trade debts | 44 | €5,424 | €15,759 | +€10,335 | +190.5% |
| Suppliers | 440/4 | €5,424 | €15,759 | +€10,335 | +190.5% |
| Taxes, remuneration and social security | 45 | €10,576 | €1,423 | -€9,153 | -86.5% |
| Taxes | 450/3 | €10,576 | €1,423 | -€9,153 | -86.5% |
| Accrued charges and deferred income | 492/3 | €9,890 | €12,825 | +€2,935 | +29.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,618 | €20,281 | +€664 | +3.4% |
| Other operating charges | 640/8 | €802 | €1,017 | +€216 | +26.9% |
| Gross operating margin | 9900 | €120,671 | €112,605 | -€8,066 | -6.7% |
| Operating profit (loss) | 9901 | €100,252 | €91,307 | -€8,945 | -8.9% |
| Financial income | 75/76B | €0 | €131 | +€131 | +1305500.0% |
| Recurring financial income | 75 | €0 | €131 | +€131 | +1305500.0% |
| Financial charges | 65/66B | €148 | €93 | -€55 | -37.0% |
| Recurring financial charges | 65 | €148 | €93 | -€55 | -37.0% |
| Profit (loss) for the period before taxes | 9903 | €100,104 | €91,344 | -€8,760 | -8.8% |
| Income taxes | 67/77 | €29,326 | €26,423 | -€2,903 | -9.9% |
| Profit (loss) for the period | 9904 | €70,779 | €64,922 | -€5,857 | -8.3% |
| Profit (loss) for the period to be appropriated | 9905 | €70,779 | €64,922 | -€5,857 | -8.3% |
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 29 September 2026 via checked.be.