INSPECT BELGIUM: 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.
What changed
INSPECT BELGIUM
NACE 71.209, Other technical testing and analysis
financial year 2024 compared with 2023filed annual accounts (NBB)
Net result for the year
-€196,481
2023 · €10,954-€207,435
Equity
-€137,128
2023 · €59,353-€196,481
Cash
€15,919
2023 · €111,197-€95,278
Balance sheet total
€560,110
2023 · €904,250-€344,140
Largest movements
Assets
- Receivables within one year -€255,538
down €255,538 (-34.0%), from €750,603 to €495,065
of which Trade receivables: -€255,538
- Cash -€95,278
down €95,278 (-85.7%), from €111,197 to €15,919
mainly Net result for the year (-€196,481) and Debts within one year (-€147,510)
- Deferred charges and accrued income +€12,975
up €12,975 (+282%), from €4,593 to €17,569
Equity and liabilities
- Profit (loss) carried forward -€196,481
down €196,481, from €59,353 to -€137,128
- Debts within one year -€147,510
down €147,510 (-17.5%), from €844,748 to €697,239
of which Tax, wage and social debts: -€114,228
Income statement
- Turnover -€508,877
down €508,877 (-21.2%), from €2.4m to €1.9m
- Staff costs -€101,709
down €101,709 (-7.1%), from €1.4m to €1.3m
- Goods and materials -€40,397
down €40,397 (-38.8%), from €104,051 to €63,653
- Taxes -€38,847
down €38,847 (-89.6%), from €43,340 to €4,493
- Other operating charges +€27,177
up €27,177 (+857%), from €3,171 to €30,348
From the 2023 result to the 2024 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.
Result 2023
€10,954
Turnover
-€508,877
Other operating income
-€26,063
Goods and materials
+€40,397
Services and other goods
+€25,992
Staff costs
+€101,709
Depreciation
+€1,357
Other operating charges
-€27,177
Other operating items
+€150,633
Financial income
+€106
Financial charges
-€4,360
Taxes
+€38,847
Result 2024
-€196,481
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
-€90,204
Investment
-€5,075
Financing
€0
Cash 2023
€111,197
From operations (derived)
-€90,204
Net result for the year
-€196,481
Depreciation
+€11,373
Receivables within one year
+€255,538
Deferred charges and accrued income
-€12,975
Debts within one year
-€147,510
Accrued charges and deferred income
-€148
Investment (derived)
-€5,075
Investment in fixed assets (net)
-€5,075
Cash 2024
€15,919
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €904,250 | €560,110 | -€344,140 | -38.1% |
| Fixed assets | 21/28 | €37,857 | €31,558 | -€6,299 | -16.6% |
| Intangible fixed assets | 21 | €2,628 | €1,308 | -€1,320 | -50.2% |
| Tangible fixed assets | 22/27 | €30,080 | €25,102 | -€4,978 | -16.5% |
| Plant, machinery and equipment | 23 | €11,832 | €14,820 | +€2,988 | +25.3% |
| Furniture and vehicles | 24 | €4,511 | €6,081 | +€1,570 | +34.8% |
| Other tangible fixed assets | 26 | €2,737 | €4,201 | +€1,464 | +53.5% |
| Assets under construction and advance payments | 27 | €11,000 | €0 | -€11,000 | -100% |
| Financial fixed assets | 28 | €5,148 | €5,148 | = | 0.0% |
| Other financial fixed assets | 284/8 | €5,148 | €5,148 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €5,148 | €5,148 | = | 0.0% |
| Current assets | 29/58 | €866,393 | €528,552 | -€337,841 | -39.0% |
| Stocks and contracts in progress | 3 | - | €0 | = | |
| Amounts receivable within one year | 40/41 | €750,603 | €495,065 | -€255,538 | -34.0% |
| Trade receivables | 40 | €606,550 | €351,012 | -€255,538 | -42.1% |
| Other amounts receivable | 41 | €144,053 | €144,053 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €111,197 | €15,919 | -€95,278 | -85.7% |
| Deferred charges and accrued income | 490/1 | €4,593 | €17,569 | +€12,975 | +282% |
| Total equity and liabilities | 10/49 | €904,250 | €560,110 | -€344,140 | -38.1% |
| Equity | 10/15 | €59,353 | -€137,128 | -€196,481 | |
| Profit (loss) carried forward | 14 | €59,353 | -€137,128 | -€196,481 | |
| Amounts payable | 17/49 | €844,897 | €697,239 | -€147,658 | -17.5% |
| Amounts payable within one year | 42/48 | €844,748 | €697,239 | -€147,510 | -17.5% |
| Current portion of amounts payable after more than one year | 42 | €60,679 | €159,519 | +€98,840 | +163% |
| Financial debts | 43 | €227,737 | €160,608 | -€67,129 | -29.5% |
| Credit institutions | 430/8 | €227,737 | €160,608 | -€67,129 | -29.5% |
| Trade debts | 44 | €210,653 | €160,465 | -€50,188 | -23.8% |
| Suppliers | 440/4 | €210,653 | €160,465 | -€50,188 | -23.8% |
| Advances received on contracts in progress | 46 | - | €195 | +€195 | |
| Taxes, remuneration and social security | 45 | €330,679 | €216,451 | -€114,228 | -34.5% |
| Taxes | 450/3 | €173,815 | €114,830 | -€58,985 | -33.9% |
| Remuneration and social security | 454/9 | €156,864 | €101,621 | -€55,243 | -35.2% |
| Other amounts payable | 47/48 | - | €0 | = | |
| Accrued charges and deferred income | 492/3 | €148 | €0 | -€148 | -100% |
| Operating income | 70/76A | €2,478,239 | €1,943,299 | -€534,940 | -21.6% |
| Turnover | 70 | €2,405,194 | €1,896,318 | -€508,877 | -21.2% |
| Other operating income | 74 | €73,044 | €46,982 | -€26,063 | -35.7% |
| Operating charges | 60/66A | €2,398,044 | €2,105,132 | -€292,912 | -12.2% |
| Goods for resale, raw materials and consumables | 60 | €104,051 | €63,653 | -€40,397 | -38.8% |
| Purchases | 600/8 | €104,051 | €63,653 | -€40,397 | -38.8% |
| Services and other goods | 61 | €699,229 | €673,237 | -€25,992 | -3.7% |
| Remuneration, social security and pensions | 62 | €1,428,229 | €1,326,520 | -€101,709 | -7.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,730 | €11,373 | -€1,357 | -10.7% |
| Other operating charges | 640/8 | €3,171 | €30,348 | +€27,177 | +857% |
| Non-recurring operating charges | 66A | €150,633 | €0 | -€150,633 | -100% |
| Operating profit (loss) | 9901 | €80,195 | -€161,833 | -€242,028 | |
| Financial income | 75/76B | €144 | €251 | +€106 | +73.7% |
| Recurring financial income | 75 | €144 | €251 | +€106 | +73.7% |
| Income from financial fixed assets | 750 | €144 | €26 | -€118 | -81.8% |
| Income from current assets | 751 | - | €0 | = | |
| Other financial income | 752/9 | €0 | €224 | +€224 | +1,121,250% |
| Financial charges | 65/66B | €26,046 | €30,406 | +€4,360 | +16.7% |
| Recurring financial charges | 65 | €26,046 | €30,406 | +€4,360 | +16.7% |
| Debt charges | 650 | €19,444 | €27,759 | +€8,316 | +42.8% |
| Other financial charges | 652/9 | €6,602 | €2,647 | -€3,956 | -59.9% |
| Profit (loss) for the period before taxes | 9903 | €54,293 | -€191,989 | -€246,282 | |
| Income taxes | 67/77 | €43,340 | €4,493 | -€38,847 | -89.6% |
| Taxes | 670/3 | €43,340 | €4,493 | -€38,847 | -89.6% |
| Profit (loss) for the period | 9904 | €10,954 | -€196,481 | -€207,435 | |
| Profit (loss) for the period to be appropriated | 9905 | €10,954 | -€196,481 | -€207,435 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.