INSPIRADO: 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.
INSPIRADO
Largest movements
- Tangible fixed assets +€44,928
up €44,928 (+75.5%), from €59,508 to €104,436
of which Land and buildings: +€45,275
- Current investments +€18,132
up €18,132 (+10.1%), from €179,977 to €198,110
- Receivables after one year +€15,000
up €15,000 (+50.0%), from €30,000 to €45,000
- Cash +€4,629
up €4,629 (+12.2%), from €37,992 to €42,621
mainly Net result for the year (+€83,984) and Depreciation (+€11,357)
- Reserves +€83,984
up €83,984 (+33.1%), from €253,539 to €337,523
of which Tax-exempt reserves: +€42,100
- Tax, wage and social debts +€8,819
up €8,819 (+61.7%), from €14,296 to €23,115
- Other debts -€8,461
down €8,461 (-79.2%), from €10,684 to €2,222
- Gross operating margin +€15,631
up €15,631 (+13.5%), from €116,008 to €131,639
- Depreciation +€6,394
up €6,394 (+129%), from €4,963 to €11,357
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 | €321,271 | €404,566 | +€83,294 | +25.9% |
| Fixed assets | 21/28 | €59,508 | €104,436 | +€44,928 | +75.5% |
| Tangible fixed assets | 22/27 | €59,508 | €104,436 | +€44,928 | +75.5% |
| Land and buildings | 22 | €59,023 | €104,297 | +€45,275 | +76.7% |
| Furniture and vehicles | 24 | €486 | €139 | -€347 | -71.4% |
| Current assets | 29/58 | €261,763 | €300,130 | +€38,366 | +14.7% |
| Amounts receivable after more than one year | 29 | €30,000 | €45,000 | +€15,000 | +50.0% |
| Other amounts receivable | 291 | €30,000 | €45,000 | +€15,000 | +50.0% |
| Amounts receivable within one year | 40/41 | €13,794 | €14,399 | +€605 | +4.4% |
| Trade receivables | 40 | €13,794 | €14,399 | +€605 | +4.4% |
| Current investments | 50/53 | €179,977 | €198,110 | +€18,132 | +10.1% |
| Cash at bank and in hand | 54/58 | €37,992 | €42,621 | +€4,629 | +12.2% |
| Total equity and liabilities | 10/49 | €321,271 | €404,566 | +€83,294 | +25.9% |
| Equity | 10/15 | €293,631 | €377,615 | +€83,984 | +28.6% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €253,539 | €337,523 | +€83,984 | +33.1% |
| Tax-exempt reserves | 132 | €42,100 | €84,200 | +€42,100 | +100% |
| Distributable reserves | 133 | €211,439 | €253,323 | +€41,884 | +19.8% |
| Profit (loss) carried forward | 14 | €10,091 | €10,091 | = | 0.0% |
| Amounts payable | 17/49 | €27,641 | €26,951 | -€690 | -2.5% |
| Amounts payable within one year | 42/48 | €27,641 | €26,349 | -€1,291 | -4.7% |
| Current portion of amounts payable after more than one year | 42 | €2,433 | - | -€2,433 | |
| Trade debts | 44 | €228 | €1,012 | +€784 | +344% |
| Suppliers | 440/4 | €228 | €1,012 | +€784 | +344% |
| Taxes, remuneration and social security | 45 | €14,296 | €23,115 | +€8,819 | +61.7% |
| Taxes | 450/3 | €14,296 | €23,115 | +€8,819 | +61.7% |
| Other amounts payable | 47/48 | €10,684 | €2,222 | -€8,461 | -79.2% |
| Accrued charges and deferred income | 492/3 | - | €602 | +€602 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,963 | €11,357 | +€6,394 | +129% |
| Other operating charges | 640/8 | €2,895 | €2,791 | -€104 | -3.6% |
| Gross operating margin | 9900 | €116,008 | €131,639 | +€15,631 | +13.5% |
| Operating profit (loss) | 9901 | €108,150 | €117,491 | +€9,341 | +8.6% |
| Financial income | 75/76B | €750 | €1,315 | +€565 | +75.3% |
| Recurring financial income | 75 | €750 | €1,315 | +€565 | +75.3% |
| Financial charges | 65/66B | €574 | €61 | -€513 | -89.4% |
| Recurring financial charges | 65 | €574 | €61 | -€513 | -89.4% |
| Profit (loss) for the period before taxes | 9903 | €108,326 | €118,744 | +€10,419 | +9.6% |
| Income taxes | 67/77 | €34,718 | €34,760 | +€42 | +0.1% |
| Profit (loss) for the period | 9904 | €73,608 | €83,984 | +€10,376 | +14.1% |
| Transfer to tax-exempt reserves | 689 | €42,100 | €42,100 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €31,508 | €41,884 | +€10,376 | +32.9% |
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 21 October 2026 via checked.be.