INSPIRE DC: 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 DC
Largest movements
- Tangible fixed assets +€195,253
up €195,253 (+1,387%), from €14,077 to €209,330
of which Land and buildings: +€181,891
- Cash -€29,902
down €29,902 (-45.2%), from €66,122 to €36,220
mainly Investment in fixed assets (net) (-€204,880) and Contributions, distributions and other (-€112,000)
- Intangible fixed assets -€8,236
down €8,236 (-42.9%), from €19,212 to €10,976
- Debts after one year +€134,902
new in 2025: €134,902
- Other debts +€96,121
up €96,121 (+6,994%), from €1,374 to €97,495
- Profit (loss) carried forward -€56,261
down €56,261 (-93.1%), from €60,421 to €4,160
- Reserves -€27,000
no longer reported in 2025 (was €27,000)
- Current portion of long-term debt +€7,944
new in 2025: €7,944
- Financial charges +€58,682
up €58,682 (+783%), from €7,495 to €66,177
- Provisions -€55,193
down €55,193 (-96.1%), from €57,426 to €2,233
- Gross operating margin +€17,676
up €17,676 (+12.9%), from €136,920 to €154,596
- Other operating charges +€16,752
up €16,752 (+137%), from €12,269 to €29,021
- Taxes -€14,422
down €14,422 (-57.5%), from €25,101 to €10,679
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 | €174,607 | €333,259 | +€158,652 | +90.9% |
| Fixed assets | 21/28 | €33,377 | €220,306 | +€186,929 | +560% |
| Intangible fixed assets | 21 | €19,212 | €10,976 | -€8,236 | -42.9% |
| Tangible fixed assets | 22/27 | €14,077 | €209,330 | +€195,253 | +1,387% |
| Land and buildings | 22 | - | €181,891 | +€181,891 | |
| Plant, machinery and equipment | 23 | €2,690 | €2,133 | -€556 | -20.7% |
| Furniture and vehicles | 24 | €1,457 | €14,766 | +€13,309 | +913% |
| Other tangible fixed assets | 26 | €9,930 | €10,539 | +€609 | +6.1% |
| Financial fixed assets | 28 | €89 | €0 | -€89 | -100% |
| Current assets | 29/58 | €141,230 | €112,954 | -€28,277 | -20.0% |
| Amounts receivable within one year | 40/41 | €74,456 | €74,785 | +€328 | +0.4% |
| Trade receivables | 40 | €33,855 | €29,104 | -€4,751 | -14.0% |
| Other amounts receivable | 41 | €40,601 | €45,680 | +€5,079 | +12.5% |
| Cash at bank and in hand | 54/58 | €66,122 | €36,220 | -€29,902 | -45.2% |
| Deferred charges and accrued income | 490/1 | €652 | €1,949 | +€1,296 | +199% |
| Total equity and liabilities | 10/49 | €174,607 | €333,259 | +€158,652 | +90.9% |
| Equity | 10/15 | €90,421 | €7,160 | -€83,261 | -92.1% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €27,000 | - | -€27,000 | |
| Distributable reserves | 133 | €27,000 | - | -€27,000 | |
| Profit (loss) carried forward | 14 | €60,421 | €4,160 | -€56,261 | -93.1% |
| Provisions and deferred taxes | 16 | €57,426 | €59,658 | +€2,233 | +3.9% |
| Provisions for liabilities and charges | 160/5 | €57,426 | €59,658 | +€2,233 | +3.9% |
| Other liabilities and charges | 164/5 | €57,426 | €59,658 | +€2,233 | +3.9% |
| Amounts payable | 17/49 | €26,760 | €266,441 | +€239,681 | +896% |
| Amounts payable after more than one year | 17 | - | €134,902 | +€134,902 | |
| Financial debts | 170/4 | - | €134,902 | +€134,902 | |
| Amounts payable within one year | 42/48 | €25,760 | €129,269 | +€103,509 | +402% |
| Current portion of amounts payable after more than one year | 42 | - | €7,944 | +€7,944 | |
| Financial debts | 43 | €1,477 | €247 | -€1,231 | -83.3% |
| Credit institutions | 430/8 | €1,477 | €247 | -€1,231 | -83.3% |
| Trade debts | 44 | €169 | €3,170 | +€3,001 | +1,774% |
| Suppliers | 440/4 | €169 | €3,170 | +€3,001 | +1,774% |
| Taxes, remuneration and social security | 45 | €22,739 | €20,413 | -€2,326 | -10.2% |
| Taxes | 450/3 | €22,739 | €20,413 | -€2,326 | -10.2% |
| Other amounts payable | 47/48 | €1,374 | €97,495 | +€96,121 | +6,994% |
| Accrued charges and deferred income | 492/3 | €1,000 | €2,270 | +€1,270 | +127% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,377 | €17,951 | +€5,574 | +45.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,477 | - | -€1,477 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €57,426 | €2,233 | -€55,193 | -96.1% |
| Other operating charges | 640/8 | €12,269 | €29,021 | +€16,752 | +137% |
| Gross operating margin | 9900 | €136,920 | €154,596 | +€17,676 | +12.9% |
| Operating profit (loss) | 9901 | €53,371 | €105,391 | +€52,020 | +97.5% |
| Financial income | 75/76B | €22 | €203 | +€181 | +816% |
| Recurring financial income | 75 | €22 | €203 | +€181 | +816% |
| Financial charges | 65/66B | €7,495 | €66,177 | +€58,682 | +783% |
| Recurring financial charges | 65 | €7,495 | €66,177 | +€58,682 | +783% |
| Profit (loss) for the period before taxes | 9903 | €45,898 | €39,417 | -€6,481 | -14.1% |
| Income taxes | 67/77 | €25,101 | €10,679 | -€14,422 | -57.5% |
| Profit (loss) for the period | 9904 | €20,797 | €28,739 | +€7,941 | +38.2% |
| Profit (loss) for the period to be appropriated | 9905 | €20,797 | €28,739 | +€7,941 | +38.2% |
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 17 October 2026 via checked.be.