INSCRIPSI: 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.
INSCRIPSI
Largest movements
- Receivables within one year -€52,052
down €52,052 (-48.7%), from €106,957 to €54,905
of which Trade receivables: -€37,579
- Cash +€47,428
up €47,428 (+10.2%), from €463,206 to €510,634
mainly Net result for the year (+€91,039) and Receivables within one year (+€52,052)
- Other debts -€101,647
down €101,647 (-84.6%), from €120,094 to €18,447
- Reserves +€90,000
up €90,000 (+20.3%), from €443,230 to €533,230
of which Distributable reserves: +€90,000
- Gross operating margin +€16,358
up €16,358 (+13.8%), from €118,169 to €134,527
- Taxes +€5,657
up €5,657 (+15.4%), from €36,707 to €42,364
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 | €670,988 | €666,134 | -€4,854 | -0.7% |
| Fixed assets | 21/28 | €825 | €594 | -€231 | -28.0% |
| Tangible fixed assets | 22/27 | €825 | €594 | -€231 | -28.0% |
| Land and buildings | 22 | €818 | €594 | -€223 | -27.3% |
| Furniture and vehicles | 24 | €7 | €0 | -€7 | -100% |
| Current assets | 29/58 | €670,163 | €665,539 | -€4,624 | -0.7% |
| Amounts receivable within one year | 40/41 | €106,957 | €54,905 | -€52,052 | -48.7% |
| Trade receivables | 40 | €85,864 | €48,285 | -€37,579 | -43.8% |
| Other amounts receivable | 41 | €21,093 | €6,620 | -€14,473 | -68.6% |
| Current investments | 50/53 | €100,000 | €100,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €463,206 | €510,634 | +€47,428 | +10.2% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €670,988 | €666,134 | -€4,854 | -0.7% |
| Equity | 10/15 | €533,963 | €625,001 | +€91,039 | +17.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €443,230 | €533,230 | +€90,000 | +20.3% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €443,230 | €533,230 | +€90,000 | +20.3% |
| Profit (loss) carried forward | 14 | €84,533 | €85,571 | +€1,039 | +1.2% |
| Amounts payable | 17/49 | €137,025 | €41,132 | -€95,893 | -70.0% |
| Amounts payable within one year | 42/48 | €136,725 | €36,869 | -€99,856 | -73.0% |
| Trade debts | 44 | €1,997 | €2,349 | +€352 | +17.6% |
| Suppliers | 440/4 | €1,997 | €2,349 | +€352 | +17.6% |
| Taxes, remuneration and social security | 45 | €14,634 | €16,073 | +€1,440 | +9.8% |
| Taxes | 450/3 | €14,634 | €16,073 | +€1,440 | +9.8% |
| Other amounts payable | 47/48 | €120,094 | €18,447 | -€101,647 | -84.6% |
| Accrued charges and deferred income | 492/3 | €300 | €4,263 | +€3,963 | +1,321% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €933 | €495 | -€437 | -46.9% |
| Other operating charges | 640/8 | €868 | €1,198 | +€329 | +38.0% |
| Gross operating margin | 9900 | €118,169 | €134,527 | +€16,358 | +13.8% |
| Operating profit (loss) | 9901 | €116,368 | €132,834 | +€16,466 | +14.1% |
| Financial income | 75/76B | €716 | €1,082 | +€366 | +51.2% |
| Recurring financial income | 75 | €716 | €1,082 | +€366 | +51.2% |
| Financial charges | 65/66B | €1,848 | €514 | -€1,335 | -72.2% |
| Recurring financial charges | 65 | €1,848 | €514 | -€1,335 | -72.2% |
| Profit (loss) for the period before taxes | 9903 | €115,236 | €133,403 | +€18,167 | +15.8% |
| Income taxes | 67/77 | €36,707 | €42,364 | +€5,657 | +15.4% |
| Profit (loss) for the period | 9904 | €78,528 | €91,039 | +€12,510 | +15.9% |
| Profit (loss) for the period to be appropriated | 9905 | €78,528 | €91,039 | +€12,510 | +15.9% |
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 18 October 2026 via checked.be.