INSPIRATION@WORK: what changed
Two fiscal 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.
INSPIRATION@WORK
Largest movements
- Cash -€36,888
down €36,888 (-23.3%), from €158,004 to €121,115
mainly Investment in fixed assets (net) (-€32,171) and Receivables within one year (-€17,395)
- Tangible fixed assets +€21,923
up €21,923 (+73.6%), from €29,772 to €51,695
of which Furniture and vehicles: +€21,995
- Receivables within one year +€17,395
up €17,395 (+269.4%), from €6,457 to €23,851
of which Trade receivables: +€13,134
- Stocks and contracts +€8,862
up €8,862 (+57.7%), from €15,348 to €24,211
- Reserves +€37,490
up €37,490 (+28.2%), from €132,768 to €170,258
- Tax, wage and social debts -€10,318
down €10,318 (-85.3%), from €12,093 to €1,775
- Trade debts -€7,826
down €7,826 (-49.1%), from €15,951 to €8,125
- Other debts -€6,887
down €6,887 (-19.5%), from €35,298 to €28,412
- Taxes -€4,358
down €4,358 (-19.4%), from €22,418 to €18,061
- Gross operating margin -€3,191
down €3,191 (-3.8%), from €83,486 to €80,295
- Depreciation +€1,293
up €1,293 (+14.4%), from €8,955 to €10,248
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 | €210,710 | €223,169 | +€12,459 | +5.9% |
| Fixed assets | 21/28 | €29,772 | €51,695 | +€21,923 | +73.6% |
| Tangible fixed assets | 22/27 | €29,772 | €51,695 | +€21,923 | +73.6% |
| Plant, machinery and equipment | 23 | €4,513 | €4,441 | -€72 | -1.6% |
| Furniture and vehicles | 24 | €25,259 | €47,253 | +€21,995 | +87.1% |
| Current assets | 29/58 | €180,938 | €171,475 | -€9,463 | -5.2% |
| Stocks and contracts in progress | 3 | €15,348 | €24,211 | +€8,862 | +57.7% |
| Stocks | 30/36 | €15,348 | €24,211 | +€8,862 | +57.7% |
| Amounts receivable within one year | 40/41 | €6,457 | €23,851 | +€17,395 | +269.4% |
| Trade receivables | 40 | €6,435 | €19,569 | +€13,134 | +204.1% |
| Other amounts receivable | 41 | €21 | €4,282 | +€4,261 | +19909.4% |
| Cash at bank and in hand | 54/58 | €158,004 | €121,115 | -€36,888 | -23.3% |
| Deferred charges and accrued income | 490/1 | €1,129 | €2,297 | +€1,168 | +103.4% |
| Total equity and liabilities | 10/49 | €210,710 | €223,169 | +€12,459 | +5.9% |
| Equity | 10/15 | €147,368 | €184,858 | +€37,490 | +25.4% |
| Contributions | 10/11 | €14,600 | €14,600 | = | 0.0% |
| Reserves | 13 | €132,768 | €170,258 | +€37,490 | +28.2% |
| Distributable reserves | 133 | €132,768 | €170,258 | +€37,490 | +28.2% |
| Amounts payable | 17/49 | €63,342 | €38,312 | -€25,030 | -39.5% |
| Amounts payable within one year | 42/48 | €63,342 | €38,312 | -€25,030 | -39.5% |
| Trade debts | 44 | €15,951 | €8,125 | -€7,826 | -49.1% |
| Suppliers | 440/4 | €15,951 | €8,125 | -€7,826 | -49.1% |
| Taxes, remuneration and social security | 45 | €12,093 | €1,775 | -€10,318 | -85.3% |
| Taxes | 450/3 | €12,093 | €1,775 | -€10,318 | -85.3% |
| Other amounts payable | 47/48 | €35,298 | €28,412 | -€6,887 | -19.5% |
| Non-recurring operating income | 76A | €2,066 | - | -€2,066 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,955 | €10,248 | +€1,293 | +14.4% |
| Other operating charges | 640/8 | €404 | €489 | +€85 | +21.0% |
| Non-recurring operating charges | 66A | €554 | - | -€554 | |
| Gross operating margin | 9900 | €83,486 | €80,295 | -€3,191 | -3.8% |
| Operating profit (loss) | 9901 | €73,573 | €69,558 | -€4,015 | -5.5% |
| Financial income | 75/76B | €0 | €1 | +€1 | +638.5% |
| Recurring financial income | 75 | €0 | €1 | +€1 | +638.5% |
| Financial charges | 65/66B | €3,179 | €3,230 | +€51 | +1.6% |
| Recurring financial charges | 65 | €3,179 | €3,230 | +€51 | +1.6% |
| Profit (loss) for the period before taxes | 9903 | €70,394 | €66,329 | -€4,065 | -5.8% |
| Income taxes | 67/77 | €22,418 | €18,061 | -€4,358 | -19.4% |
| Profit (loss) for the period | 9904 | €47,975 | €48,268 | +€293 | +0.6% |
| Profit (loss) for the period to be appropriated | 9905 | €47,975 | €48,268 | +€293 | +0.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.