INGSPIRE: 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.
INGSPIRE
Largest movements
- Cash +€60,587
up €60,587 (+156%), from €38,762 to €99,350
mainly Receivables within one year (+€55,159) and Deferred charges and accrued income (+€10,826)
- Receivables within one year -€55,159
down €55,159 (-57.7%), from €95,651 to €40,492
of which Trade receivables: -€66,972
- Deferred charges and accrued income -€10,826
down €10,826 (-99.9%), from €10,843 to €16
- Tangible fixed assets -€3,255
down €3,255 (-42.5%), from €7,652 to €4,397
of which Furniture and vehicles: -€2,755
- Tax, wage and social debts -€12,161
down €12,161 (-41.9%), from €29,050 to €16,889
- Reserves +€9,149
up €9,149 (+11.1%), from €82,577 to €91,726
- Other debts -€5,385
down €5,385 (-15.9%), from €33,887 to €28,502
- Gross operating margin -€98,068
down €98,068 (-83.8%), from €116,992 to €18,924
- Taxes -€26,237
down €26,237 (-87.4%), from €30,029 to €3,792
- Financial charges +€1,461
up €1,461 (+174%), from €839 to €2,300
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 | €153,013 | €144,360 | -€8,654 | -5.7% |
| Fixed assets | 21/28 | €7,757 | €4,502 | -€3,255 | -42.0% |
| Tangible fixed assets | 22/27 | €7,652 | €4,397 | -€3,255 | -42.5% |
| Plant, machinery and equipment | 23 | €2,374 | €1,874 | -€500 | -21.0% |
| Furniture and vehicles | 24 | €5,278 | €2,522 | -€2,755 | -52.2% |
| Financial fixed assets | 28 | €105 | €105 | = | 0.0% |
| Current assets | 29/58 | €145,256 | €139,858 | -€5,399 | -3.7% |
| Amounts receivable within one year | 40/41 | €95,651 | €40,492 | -€55,159 | -57.7% |
| Trade receivables | 40 | €92,880 | €25,908 | -€66,972 | -72.1% |
| Other amounts receivable | 41 | €2,771 | €14,584 | +€11,813 | +426% |
| Cash at bank and in hand | 54/58 | €38,762 | €99,350 | +€60,587 | +156% |
| Deferred charges and accrued income | 490/1 | €10,843 | €16 | -€10,826 | -99.9% |
| Total equity and liabilities | 10/49 | €153,013 | €144,360 | -€8,654 | -5.7% |
| Equity | 10/15 | €85,077 | €94,226 | +€9,149 | +10.8% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €82,577 | €91,726 | +€9,149 | +11.1% |
| Distributable reserves | 133 | €82,577 | €91,726 | +€9,149 | +11.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €67,936 | €50,134 | -€17,802 | -26.2% |
| Amounts payable within one year | 42/48 | €67,558 | €48,712 | -€18,845 | -27.9% |
| Trade debts | 44 | €4,621 | €3,322 | -€1,299 | -28.1% |
| Suppliers | 440/4 | €4,621 | €3,322 | -€1,299 | -28.1% |
| Taxes, remuneration and social security | 45 | €29,050 | €16,889 | -€12,161 | -41.9% |
| Taxes | 450/3 | €29,050 | €16,889 | -€12,161 | -41.9% |
| Other amounts payable | 47/48 | €33,887 | €28,502 | -€5,385 | -15.9% |
| Accrued charges and deferred income | 492/3 | €379 | €1,421 | +€1,043 | +275% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,167 | €3,255 | +€88 | +2.8% |
| Other operating charges | 640/8 | €536 | €544 | +€7 | +1.4% |
| Gross operating margin | 9900 | €116,992 | €18,924 | -€98,068 | -83.8% |
| Operating profit (loss) | 9901 | €113,288 | €15,125 | -€98,163 | -86.6% |
| Financial income | 75/76B | €157 | €116 | -€41 | -26.2% |
| Recurring financial income | 75 | €157 | €116 | -€41 | -26.2% |
| Financial charges | 65/66B | €839 | €2,300 | +€1,461 | +174% |
| Recurring financial charges | 65 | €839 | €2,300 | +€1,461 | +174% |
| Profit (loss) for the period before taxes | 9903 | €112,606 | €12,941 | -€99,665 | -88.5% |
| Income taxes | 67/77 | €30,029 | €3,792 | -€26,237 | -87.4% |
| Profit (loss) for the period | 9904 | €82,577 | €9,149 | -€73,428 | -88.9% |
| Profit (loss) for the period to be appropriated | 9905 | €82,577 | €9,149 | -€73,428 | -88.9% |
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 20 October 2026 via checked.be.