(g)Inspirational: what changed
You see two financial years side by side: what moved most in the balance sheet and the result, why the result rose or fell and where the money went.
(g)Inspirational
Largest movements
- Receivables within one year -€67,093
down €67,093 (-95.6%), from €70,146 to €3,053
of which Trade receivables: -€65,025
- Intangible fixed assets -€26,573
down €26,573 (-67.7%), from €39,254 to €12,682
- Stocks and contracts -€12,891
down €12,891 (-24.6%), from €52,469 to €39,579
- Cash -€2,366
down €2,366 (-31.4%), from €7,530 to €5,164
mainly Net result for the year (-€41,129) and Debts after one year (-€21,185)
- Profit (loss) carried forward -€41,129
down €41,129 (-10.9%), from -€377,728 to -€418,858
- Debts after one year -€21,185
down €21,185 (-15.0%), from €141,685 to €120,500
- Other debts -€18,500
down €18,500 (-14.8%), from €125,335 to €106,835
- Trade debts -€14,934
no longer reported in 2025 (was €14,934)
- Current portion of long-term debt -€11,877
no longer reported in 2025 (was €11,877)
- Depreciation -€17,295
down €17,295 (-39.4%), from €43,868 to €26,573
- Financial charges -€8,694
down €8,694 (-77.7%), from €11,190 to €2,496
of which Non-recurring financial charges: -€7,450
- Gross operating margin +€8,299
up €8,299 (+37.6%), from -€22,079 to -€13,780
- Financial income +€2,088
up €2,088 (+1,989%), from €105 to €2,193
- Other operating charges -€374
down €374 (-36.4%), from €1,028 to €654
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €169,675 | €60,478 | -€109,197 | -64.4% |
| Fixed assets | 21/28 | €39,254 | €12,682 | -€26,573 | -67.7% |
| Intangible fixed assets | 21 | €39,254 | €12,682 | -€26,573 | -67.7% |
| Current assets | 29/58 | €130,420 | €47,796 | -€82,624 | -63.4% |
| Stocks and contracts in progress | 3 | €52,469 | €39,579 | -€12,891 | -24.6% |
| Stocks | 30/36 | €52,469 | €39,579 | -€12,891 | -24.6% |
| Amounts receivable within one year | 40/41 | €70,146 | €3,053 | -€67,093 | -95.6% |
| Trade receivables | 40 | €67,611 | €2,586 | -€65,025 | -96.2% |
| Other amounts receivable | 41 | €2,535 | €467 | -€2,068 | -81.6% |
| Cash at bank and in hand | 54/58 | €7,530 | €5,164 | -€2,366 | -31.4% |
| Deferred charges and accrued income | 490/1 | €275 | - | -€275 | |
| Total equity and liabilities | 10/49 | €169,675 | €60,478 | -€109,197 | -64.4% |
| Equity | 10/15 | -€125,728 | -€166,858 | -€41,129 | -32.7% |
| Contributions | 10/11 | €252,000 | €252,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€377,728 | -€418,858 | -€41,129 | -10.9% |
| Amounts payable | 17/49 | €295,403 | €227,336 | -€68,068 | -23.0% |
| Amounts payable after more than one year | 17 | €141,685 | €120,500 | -€21,185 | -15.0% |
| Financial debts | 170/4 | €141,685 | €120,500 | -€21,185 | -15.0% |
| Amounts payable within one year | 42/48 | €153,718 | €106,835 | -€46,882 | -30.5% |
| Current portion of amounts payable after more than one year | 42 | €11,877 | - | -€11,877 | |
| Trade debts | 44 | €14,934 | - | -€14,934 | |
| Suppliers | 440/4 | €14,934 | - | -€14,934 | |
| Taxes, remuneration and social security | 45 | €1,571 | - | -€1,571 | |
| Taxes | 450/3 | €597 | - | -€597 | |
| Remuneration and social security | 454/9 | €974 | - | -€974 | |
| Other amounts payable | 47/48 | €125,335 | €106,835 | -€18,500 | -14.8% |
| Non-recurring operating income | 76A | €9,382 | - | -€9,382 | |
| Remuneration, social security and pensions | 62 | €97 | -€180 | -€276 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,868 | €26,573 | -€17,295 | -39.4% |
| Other operating charges | 640/8 | €1,028 | €654 | -€374 | -36.4% |
| Gross operating margin | 9900 | -€22,079 | -€13,780 | +€8,299 | +37.6% |
| Operating profit (loss) | 9901 | -€67,072 | -€40,827 | +€26,245 | +39.1% |
| Financial income | 75/76B | €105 | €2,193 | +€2,088 | +1,989% |
| Recurring financial income | 75 | €105 | €2,193 | +€2,088 | +1,989% |
| Financial charges | 65/66B | €11,190 | €2,496 | -€8,694 | -77.7% |
| Recurring financial charges | 65 | €3,740 | €2,496 | -€1,244 | -33.3% |
| Non-recurring financial charges | 66B | €7,450 | - | -€7,450 | |
| Profit (loss) for the period before taxes | 9903 | -€78,157 | -€41,129 | +€37,027 | +47.4% |
| Profit (loss) for the period | 9904 | -€78,157 | -€41,129 | +€37,027 | +47.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€78,157 | -€41,129 | +€37,027 | +47.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.