Inspiratus: 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
Inspiratus
NACE 64.210, Activities of holding companies
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€11.6m
2024 · -€8.8m-€2.8m
Equity
€26.0m
2024 · €37.6m-€11.6m
Cash
€59,247
2024 · €54,861+€4,386
Balance sheet total
€50.3m
2024 · €54.7m-€4.4m
Largest movements
Assets
- Financial fixed assets -€4.6m
down €4.6m (-9.9%), from €46.5m to €41.9m
Equity and liabilities
- Profit (loss) carried forward -€11.6m
down €11.6m (-31.0%), from €37.3m to €25.7m
- Debts after one year +€7.2m
up €7.2m (+42.4%), from €16.9m to €24.1m
Income statement
- Financial charges +€3.1m
up €3.1m (+34.2%), from €9.1m to €12.2m
of which Non-recurring financial charges: +€2.4m
- Turnover +€90,785
new in 2025: €90,785
- Services and other goods +€74,585
up €74,585 (+15.4%), from €484,823 to €559,408
- Other operating income +€67,700
new in 2025: €67,700
- Other operating charges +€11,512
up €11,512 (+1039.0%), from €1,108 to €12,620
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.
Result 2024
-€8.8m
Turnover
+€90,785
Other operating income
+€67,700
Services and other goods
-€74,585
Other operating charges
-€11,512
Other operating items
+€1
Financial income
+€255,879
Financial charges
-€3.1m
Other financial items
-€1
Result 2025
-€11.6m
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.
From operations
-€11.8m
Investment
+€4.6m
Financing
+€7.2m
Cash 2024
€54,861
From operations (derived)
-€11.8m
Net result for the year
-€11.6m
Receivables after one year
-€403,394
Receivables within one year
+€156,382
Smaller working-capital items
-€14,872
Trade debts
+€46,784
Investment (derived)
+€4.6m
Investment in fixed assets (net)
+€4.6m
Financing
+€7.2m
Debts after one year
+€7.2m
Not broken down
-€1
Cash 2025
€59,247
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €54,712,524 | €50,348,884 | -€4.4m | -8.0% |
| Fixed assets | 21/28 | €46,505,848 | €41,880,955 | -€4.6m | -9.9% |
| Financial fixed assets | 28 | €46,505,848 | €41,880,955 | -€4.6m | -9.9% |
| Affiliated companies | 280/1 | €46,505,848 | €41,880,955 | -€4.6m | -9.9% |
| Participating interests | 280 | €39,956,268 | €29,294,036 | -€10.7m | -26.7% |
| Amounts receivable | 281 | €6,549,580 | €12,586,920 | +€6.0m | +92.2% |
| Current assets | 29/58 | €8,206,677 | €8,467,929 | +€261,252 | +3.2% |
| Amounts receivable after more than one year | 29 | €7,892,558 | €8,295,952 | +€403,394 | +5.1% |
| Other amounts receivable | 291 | €7,892,558 | €8,295,952 | +€403,394 | +5.1% |
| Amounts receivable within one year | 40/41 | €238,858 | €82,476 | -€156,382 | -65.5% |
| Trade receivables | 40 | - | €63,336 | +€63,336 | |
| Other amounts receivable | 41 | €238,858 | €19,140 | -€219,718 | -92.0% |
| Cash at bank and in hand | 54/58 | €54,861 | €59,247 | +€4,386 | +8.0% |
| Deferred charges and accrued income | 490/1 | €20,400 | €30,254 | +€9,854 | +48.3% |
| Total equity and liabilities | 10/49 | €54,712,524 | €50,348,884 | -€4.4m | -8.0% |
| Equity | 10/15 | €37,602,120 | €26,036,182 | -€11.6m | -30.8% |
| Contributions | 10/11 | €71,296 | €71,296 | = | 0.0% |
| Capital | 10 | €71,296 | €71,296 | = | 0.0% |
| Issued capital | 100 | €71,296 | €71,296 | = | 0.0% |
| Reserves | 13 | €227,491 | €227,491 | = | 0.0% |
| Non-distributable reserves | 130/1 | €227,491 | €227,491 | = | 0.0% |
| Reserves not available under the articles | 1311 | €227,491 | €227,491 | = | 0.0% |
| Profit (loss) carried forward | 14 | €37,303,333 | €25,737,395 | -€11.6m | -31.0% |
| Amounts payable | 17/49 | €17,110,404 | €24,312,702 | +€7.2m | +42.1% |
| Amounts payable after more than one year | 17 | €16,906,462 | €24,066,994 | +€7.2m | +42.4% |
| Financial debts | 170/4 | €16,906,462 | €24,066,994 | +€7.2m | +42.4% |
| Other loans | 174 | €16,906,462 | €24,066,994 | +€7.2m | +42.4% |
| Amounts payable within one year | 42/48 | €198,924 | €245,708 | +€46,784 | +23.5% |
| Trade debts | 44 | €198,924 | €245,708 | +€46,784 | +23.5% |
| Suppliers | 440/4 | €198,924 | €245,708 | +€46,784 | +23.5% |
| Accrued charges and deferred income | 492/3 | €5,018 | €0 | -€5,018 | -100.0% |
| Operating income | 70/76A | - | €158,485 | +€158,485 | |
| Turnover | 70 | - | €90,785 | +€90,785 | |
| Other operating income | 74 | - | €67,700 | +€67,700 | |
| Operating charges | 60/66A | €485,931 | €572,027 | +€86,096 | +17.7% |
| Services and other goods | 61 | €484,823 | €559,408 | +€74,585 | +15.4% |
| Other operating charges | 640/8 | €1,108 | €12,620 | +€11,512 | +1039.0% |
| Operating profit (loss) | 9901 | -€485,931 | -€413,542 | +€72,389 | +14.9% |
| Recurring financial income | 75 | €791,912 | €1,047,791 | +€255,879 | +32.3% |
| Income from current assets | 751 | €658,260 | €1,047,791 | +€389,531 | +59.2% |
| Other financial income | 752/9 | €133,652 | - | -€133,652 | |
| Financial charges | 65/66B | €9,092,351 | €12,200,187 | +€3.1m | +34.2% |
| Recurring financial charges | 65 | €791,036 | €1,537,837 | +€746,801 | +94.4% |
| Debt charges | 650 | €790,077 | €1,217,381 | +€427,304 | +54.1% |
| Other financial charges | 652/9 | €959 | €320,456 | +€319,497 | +33315.6% |
| Non-recurring financial charges | 66B | €8,301,315 | €10,662,350 | +€2.4m | +28.4% |
| Profit (loss) for the period before taxes | 9903 | -€8,786,369 | -€11,565,938 | -€2.8m | -31.6% |
| Profit (loss) for the period | 9904 | -€8,786,369 | -€11,565,938 | -€2.8m | -31.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,786,369 | -€11,565,938 | -€2.8m | -31.6% |
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 12 October 2026 via checked.be.