INSPIRED: 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.
INSPIRED
Largest movements
- Tangible fixed assets -€57,988
down €57,988 (-7.4%), from €787,893 to €729,905
of which Land and buildings: -€60,528
- Other debts +€84,994
up €84,994 (+20.1%), from €423,018 to €508,012
- Debts after one year -€73,233
down €73,233 (-41.5%), from €176,496 to €103,263
- Current portion of long-term debt -€49,738
down €49,738 (-40.4%), from €122,996 to €73,258
- Reserves -€34,409
down €34,409 (-7.7%), from €445,603 to €411,194
of which Distributable reserves: -€34,409
- Tax, wage and social debts +€19,381
up €19,381 (+109.3%), from €17,736 to €37,117
of which Remuneration and social security: +€20,000
- Gross operating margin -€11,268
down €11,268 (-7.5%), from €150,847 to €139,579
- Depreciation -€3,245
down €3,245 (-4.8%), from €67,959 to €64,714
- Taxes -€2,878
down €2,878 (-12.3%), from €23,476 to €20,599
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 | €1,237,664 | €1,182,325 | -€55,340 | -4.5% |
| Fixed assets | 21/28 | €787,958 | €729,970 | -€57,988 | -7.4% |
| Tangible fixed assets | 22/27 | €787,893 | €729,905 | -€57,988 | -7.4% |
| Land and buildings | 22 | €768,196 | €707,668 | -€60,528 | -7.9% |
| Plant, machinery and equipment | 23 | €891 | €547 | -€344 | -38.6% |
| Furniture and vehicles | 24 | €18,805 | €21,690 | +€2,885 | +15.3% |
| Financial fixed assets | 28 | €65 | €65 | = | 0.0% |
| Current assets | 29/58 | €449,707 | €452,354 | +€2,648 | +0.6% |
| Amounts receivable within one year | 40/41 | €406,381 | €408,200 | +€1,819 | +0.4% |
| Trade receivables | 40 | €19,818 | €19,360 | -€458 | -2.3% |
| Other amounts receivable | 41 | €386,563 | €388,840 | +€2,278 | +0.6% |
| Current investments | 50/53 | €5,500 | €5,500 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €28,696 | €28,711 | +€15 | +0.1% |
| Deferred charges and accrued income | 490/1 | €9,130 | €9,944 | +€814 | +8.9% |
| Total equity and liabilities | 10/49 | €1,237,664 | €1,182,325 | -€55,340 | -4.5% |
| Equity | 10/15 | €485,843 | €451,435 | -€34,409 | -7.1% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Reserves | 13 | €445,603 | €411,194 | -€34,409 | -7.7% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €445,603 | €411,194 | -€34,409 | -7.7% |
| Profit (loss) carried forward | 14 | €240 | €240 | = | 0.0% |
| Amounts payable | 17/49 | €751,821 | €730,890 | -€20,931 | -2.8% |
| Amounts payable after more than one year | 17 | €176,496 | €103,263 | -€73,233 | -41.5% |
| Financial debts | 170/4 | €176,496 | €103,263 | -€73,233 | -41.5% |
| Amounts payable within one year | 42/48 | €575,325 | €627,627 | +€52,301 | +9.1% |
| Current portion of amounts payable after more than one year | 42 | €122,996 | €73,258 | -€49,738 | -40.4% |
| Trade debts | 44 | €11,575 | €9,239 | -€2,336 | -20.2% |
| Suppliers | 440/4 | €11,575 | €9,239 | -€2,336 | -20.2% |
| Taxes, remuneration and social security | 45 | €17,736 | €37,117 | +€19,381 | +109.3% |
| Taxes | 450/3 | €17,736 | €17,117 | -€619 | -3.5% |
| Remuneration and social security | 454/9 | - | €20,000 | +€20,000 | |
| Other amounts payable | 47/48 | €423,018 | €508,012 | +€84,994 | +20.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €67,959 | €64,714 | -€3,245 | -4.8% |
| Other operating charges | 640/8 | €4,869 | €5,817 | +€948 | +19.5% |
| Gross operating margin | 9900 | €150,847 | €139,579 | -€11,268 | -7.5% |
| Operating profit (loss) | 9901 | €78,019 | €69,048 | -€8,971 | -11.5% |
| Financial income | 75/76B | €114 | €0 | -€114 | -99.8% |
| Recurring financial income | 75 | €114 | €0 | -€114 | -99.8% |
| Financial charges | 65/66B | €10,989 | €10,067 | -€922 | -8.4% |
| Recurring financial charges | 65 | €10,989 | €10,067 | -€922 | -8.4% |
| Profit (loss) for the period before taxes | 9903 | €67,145 | €58,982 | -€8,163 | -12.2% |
| Income taxes | 67/77 | €23,476 | €20,599 | -€2,878 | -12.3% |
| Profit (loss) for the period | 9904 | €43,668 | €38,383 | -€5,285 | -12.1% |
| Profit (loss) for the period to be appropriated | 9905 | €43,668 | €38,383 | -€5,285 | -12.1% |
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 6 October 2026 via checked.be.