INSPIRE & CONNECT: 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.
INSPIRE & CONNECT
Largest movements
- Cash +€26,264
up €26,264 (+46.7%), from €56,281 to €82,545
mainly Other debts (+€70,216) and Net result for the year (+€25,378)
- Deferred charges and accrued income -€3,745
down €3,745 (-62.0%), from €6,039 to €2,294
- Tangible fixed assets -€2,613
down €2,613 (-36.4%), from €7,172 to €4,559
of which Furniture and vehicles: -€1,600
- Receivables within one year +€2,352
up €2,352 (+13.2%), from €17,880 to €20,232
of which Trade receivables: +€1,917
- Other debts +€70,216
up €70,216 (+635%), from €11,066 to €81,283
- Reserves -€50,000
down €50,000 (-96.4%), from €51,860 to €1,860
of which Distributable reserves: -€50,000
- Tax, wage and social debts +€3,627
up €3,627 (+153%), from €2,368 to €5,995
- Profit (loss) carried forward -€2,122
down €2,122 (-94.5%), from €2,246 to €124
- Gross operating margin -€29,325
down €29,325 (-44.4%), from €65,990 to €36,665
- Taxes -€5,793
down €5,793 (-44.5%), from €13,004 to €7,211
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 | €87,372 | €109,630 | +€22,258 | +25.5% |
| Fixed assets | 21/28 | €7,172 | €4,559 | -€2,613 | -36.4% |
| Tangible fixed assets | 22/27 | €7,172 | €4,559 | -€2,613 | -36.4% |
| Plant, machinery and equipment | 23 | €2,199 | €1,186 | -€1,013 | -46.1% |
| Furniture and vehicles | 24 | €4,973 | €3,373 | -€1,600 | -32.2% |
| Current assets | 29/58 | €80,200 | €105,071 | +€24,871 | +31.0% |
| Amounts receivable within one year | 40/41 | €17,880 | €20,232 | +€2,352 | +13.2% |
| Trade receivables | 40 | €11,529 | €13,446 | +€1,917 | +16.6% |
| Other amounts receivable | 41 | €6,351 | €6,786 | +€435 | +6.8% |
| Cash at bank and in hand | 54/58 | €56,281 | €82,545 | +€26,264 | +46.7% |
| Deferred charges and accrued income | 490/1 | €6,039 | €2,294 | -€3,745 | -62.0% |
| Total equity and liabilities | 10/49 | €87,372 | €109,630 | +€22,258 | +25.5% |
| Equity | 10/15 | €72,706 | €20,584 | -€52,122 | -71.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €51,860 | €1,860 | -€50,000 | -96.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €50,000 | - | -€50,000 | |
| Profit (loss) carried forward | 14 | €2,246 | €124 | -€2,122 | -94.5% |
| Amounts payable | 17/49 | €14,665 | €89,046 | +€74,380 | +507% |
| Amounts payable within one year | 42/48 | €14,665 | €89,046 | +€74,380 | +507% |
| Financial debts | 43 | €387 | €548 | +€161 | +41.6% |
| Credit institutions | 430/8 | €387 | €548 | +€161 | +41.6% |
| Trade debts | 44 | €844 | €1,220 | +€376 | +44.6% |
| Suppliers | 440/4 | €844 | €1,220 | +€376 | +44.6% |
| Taxes, remuneration and social security | 45 | €2,368 | €5,995 | +€3,627 | +153% |
| Taxes | 450/3 | €2,368 | €5,995 | +€3,627 | +153% |
| Other amounts payable | 47/48 | €11,066 | €81,283 | +€70,216 | +635% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,296 | €2,613 | +€317 | +13.8% |
| Other operating charges | 640/8 | €1,162 | €1,354 | +€193 | +16.6% |
| Gross operating margin | 9900 | €65,990 | €36,665 | -€29,325 | -44.4% |
| Operating profit (loss) | 9901 | €62,532 | €32,698 | -€29,835 | -47.7% |
| Financial income | 75/76B | €2 | €1 | -€1 | -30.7% |
| Recurring financial income | 75 | €2 | €1 | -€1 | -30.7% |
| Financial charges | 65/66B | €94 | €111 | +€17 | +17.5% |
| Recurring financial charges | 65 | €94 | €111 | +€17 | +17.5% |
| Profit (loss) for the period before taxes | 9903 | €62,440 | €32,588 | -€29,852 | -47.8% |
| Income taxes | 67/77 | €13,004 | €7,211 | -€5,793 | -44.5% |
| Profit (loss) for the period | 9904 | €49,436 | €25,378 | -€24,059 | -48.7% |
| Profit (loss) for the period to be appropriated | 9905 | €49,436 | €25,378 | -€24,059 | -48.7% |
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 20 October 2026 via checked.be.