INSPACE: 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.
INSPACE
Largest movements
- Cash +€67,104
up €67,104 (+211%), from €31,793 to €98,896
mainly Net result for the year (+€35,200) and Tax, wage and social debts (+€24,707)
- Receivables within one year -€16,760
down €16,760 (-19.9%), from €84,081 to €67,321
of which Other amounts receivable: -€11,535
- Stocks and contracts +€1,707
up €1,707 (+116%), from €1,473 to €3,180
- Profit (loss) carried forward +€35,200
up €35,200 (+85.2%), from €41,308 to €76,508
- Tax, wage and social debts +€24,707
up €24,707 (+826%), from €2,990 to €27,697
- Other debts -€7,279
no longer reported in 2025 (was €7,279)
- Gross operating margin +€44,704
up €44,704 (+380%), from €11,778 to €56,482
- Other operating charges -€10,641
down €10,641 (-54.2%), from €19,639 to €8,999
- Taxes +€5,316
up €5,316, from €0 to €5,316
- Financial charges +€2,611
up €2,611 (+55.6%), from €4,696 to €7,307
- Depreciation -€1,577
down €1,577 (-90.8%), from €1,737 to €160
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 | €119,165 | €170,628 | +€51,463 | +43.2% |
| Fixed assets | 21/28 | €221 | €61 | -€160 | -72.3% |
| Tangible fixed assets | 22/27 | €221 | €61 | -€160 | -72.3% |
| Plant, machinery and equipment | 23 | €20 | - | -€20 | |
| Furniture and vehicles | 24 | €201 | €61 | -€140 | -69.5% |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Current assets | 29/58 | €118,943 | €170,567 | +€51,623 | +43.4% |
| Stocks and contracts in progress | 3 | €1,473 | €3,180 | +€1,707 | +116% |
| Stocks | 30/36 | €1,473 | €3,180 | +€1,707 | +116% |
| Amounts receivable within one year | 40/41 | €84,081 | €67,321 | -€16,760 | -19.9% |
| Trade receivables | 40 | €72,546 | €67,321 | -€5,224 | -7.2% |
| Other amounts receivable | 41 | €11,535 | - | -€11,535 | |
| Cash at bank and in hand | 54/58 | €31,793 | €98,896 | +€67,104 | +211% |
| Deferred charges and accrued income | 490/1 | €1,596 | €1,169 | -€427 | -26.8% |
| Total equity and liabilities | 10/49 | €119,165 | €170,628 | +€51,463 | +43.2% |
| Equity | 10/15 | €61,768 | €96,968 | +€35,200 | +57.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | - | €18,600 | +€18,600 | |
| Other | 1109/19 | - | €18,600 | +€18,600 | |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €41,308 | €76,508 | +€35,200 | +85.2% |
| Amounts payable | 17/49 | €57,396 | €73,660 | +€16,263 | +28.3% |
| Amounts payable within one year | 42/48 | €57,396 | €73,660 | +€16,263 | +28.3% |
| Current portion of amounts payable after more than one year | 42 | €413 | - | -€413 | |
| Trade debts | 44 | €46,714 | €45,962 | -€751 | -1.6% |
| Suppliers | 440/4 | €46,714 | €45,962 | -€751 | -1.6% |
| Taxes, remuneration and social security | 45 | €2,990 | €27,697 | +€24,707 | +826% |
| Taxes | 450/3 | €2,990 | €27,697 | +€24,707 | +826% |
| Other amounts payable | 47/48 | €7,279 | - | -€7,279 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,737 | €160 | -€1,577 | -90.8% |
| Other operating charges | 640/8 | €19,639 | €8,999 | -€10,641 | -54.2% |
| Gross operating margin | 9900 | €11,778 | €56,482 | +€44,704 | +380% |
| Operating profit (loss) | 9901 | -€9,599 | €47,323 | +€56,922 | |
| Financial income | 75/76B | - | €500 | +€500 | |
| Recurring financial income | 75 | - | €500 | +€500 | |
| Non-recurring financial income | 76B | - | €500 | +€500 | |
| Financial charges | 65/66B | €4,696 | €7,307 | +€2,611 | +55.6% |
| Recurring financial charges | 65 | €4,696 | €7,307 | +€2,611 | +55.6% |
| Profit (loss) for the period before taxes | 9903 | -€14,295 | €40,516 | +€54,811 | |
| Income taxes | 67/77 | €0 | €5,316 | +€5,316 | |
| Profit (loss) for the period | 9904 | -€14,295 | €35,200 | +€49,495 | |
| Profit (loss) for the period to be appropriated | 9905 | -€14,295 | €35,200 | +€49,495 |
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 19 October 2026 via checked.be.