INSPIRAL: 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.
INSPIRAL
Largest movements
- Tangible fixed assets +€46,851
up €46,851 (+5685.4%), from €824 to €47,675
of which Furniture and vehicles: +€47,080
- Cash +€11,848
up €11,848 (+22.9%), from €51,809 to €63,657
mainly Net result for the year (+€64,214) and Other debts (+€41,507)
- Receivables within one year +€10,229
up €10,229 (+118.3%), from €8,646 to €18,875
of which Trade receivables: +€18,861
- Other debts +€41,507
up €41,507 (+1801.9%), from €2,304 to €43,811
- Reserves +€16,340
up €16,340 (+34.1%), from €47,873 to €64,214
- Tax, wage and social debts +€12,598
up €12,598 (+161.5%), from €7,801 to €20,398
- Gross operating margin +€27,562
up €27,562 (+47.6%), from €57,946 to €85,507
- Taxes +€4,663
up €4,663 (+37.6%), from €12,395 to €17,058
- Depreciation +€3,049
up €3,049 (+1335.0%), from €228 to €3,277
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.
Cash bridge derived
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 | €61,279 | €131,515 | +€70,236 | +114.6% |
| Fixed assets | 21/28 | €824 | €47,675 | +€46,851 | +5685.4% |
| Tangible fixed assets | 22/27 | €824 | €47,675 | +€46,851 | +5685.4% |
| Plant, machinery and equipment | 23 | €824 | €596 | -€228 | -27.7% |
| Furniture and vehicles | 24 | - | €47,080 | +€47,080 | |
| Current assets | 29/58 | €60,454 | €83,839 | +€23,385 | +38.7% |
| Amounts receivable within one year | 40/41 | €8,646 | €18,875 | +€10,229 | +118.3% |
| Trade receivables | 40 | €0 | €18,861 | +€18,861 | |
| Other amounts receivable | 41 | €8,646 | €14 | -€8,632 | -99.8% |
| Cash at bank and in hand | 54/58 | €51,809 | €63,657 | +€11,848 | +22.9% |
| Deferred charges and accrued income | 490/1 | €0 | €1,308 | +€1,308 | |
| Total equity and liabilities | 10/49 | €61,279 | €131,515 | +€70,236 | +114.6% |
| Equity | 10/15 | €50,373 | €66,714 | +€16,340 | +32.4% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €47,873 | €64,214 | +€16,340 | +34.1% |
| Distributable reserves | 133 | €47,873 | €64,214 | +€16,340 | +34.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €10,905 | €64,801 | +€53,896 | +494.2% |
| Amounts payable within one year | 42/48 | €10,905 | €64,801 | +€53,896 | +494.2% |
| Trade debts | 44 | €801 | €592 | -€209 | -26.1% |
| Suppliers | 440/4 | €801 | €592 | -€209 | -26.1% |
| Taxes, remuneration and social security | 45 | €7,801 | €20,398 | +€12,598 | +161.5% |
| Taxes | 450/3 | €7,801 | €20,398 | +€12,598 | +161.5% |
| Other amounts payable | 47/48 | €2,304 | €43,811 | +€41,507 | +1801.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €228 | €3,277 | +€3,049 | +1335.0% |
| Other operating charges | 640/8 | €513 | €558 | +€44 | +8.6% |
| Gross operating margin | 9900 | €57,946 | €85,507 | +€27,562 | +47.6% |
| Operating profit (loss) | 9901 | €57,204 | €81,672 | +€24,468 | +42.8% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €645 | €401 | -€244 | -37.8% |
| Recurring financial charges | 65 | €645 | €401 | -€244 | -37.8% |
| Profit (loss) for the period before taxes | 9903 | €56,559 | €81,271 | +€24,712 | +43.7% |
| Income taxes | 67/77 | €12,395 | €17,058 | +€4,663 | +37.6% |
| Profit (loss) for the period | 9904 | €44,164 | €64,214 | +€20,050 | +45.4% |
| Profit (loss) for the period to be appropriated | 9905 | €44,164 | €64,214 | +€20,050 | +45.4% |
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 9 October 2026 via checked.be.