INSPIRED MINDS: 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 MINDS
Largest movements
- Cash +€35,780
up €35,780 (+73.7%), from €48,543 to €84,323
mainly Other debts (+€145,593) and Tax, wage and social debts (+€18,251)
- Tangible fixed assets -€13,358
down €13,358 (-3.3%), from €402,705 to €389,347
of which Land and buildings: -€12,579
- Receivables within one year +€5,183
up €5,183 (+19.5%), from €26,571 to €31,754
of which Other amounts receivable: +€5,163
- Other debts +€145,593
up €145,593 (+126.0%), from €115,514 to €261,107
- Reserves -€137,799
down €137,799 (-89.2%), from €154,484 to €16,685
of which Distributable reserves: -€137,799
- Tax, wage and social debts +€18,251
up €18,251 (+209.3%), from €8,719 to €26,970
of which Taxes: +€19,512
- Gross operating margin -€15,414
down €15,414 (-19.4%), from €79,422 to €64,008
- Staff costs -€13,800
down €13,800 (-28.5%), from €48,451 to €34,650
- Financial charges -€5,976
down €5,976 (-24.6%), from €24,324 to €18,348
- Other operating charges -€2,721
down €2,721 (-42.6%), from €6,388 to €3,667
- Depreciation -€2,115
down €2,115 (-11.1%), from €19,016 to €16,900
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 | €479,728 | €506,516 | +€26,788 | +5.6% |
| Fixed assets | 21/28 | €402,990 | €389,347 | -€13,643 | -3.4% |
| Tangible fixed assets | 22/27 | €402,705 | €389,347 | -€13,358 | -3.3% |
| Land and buildings | 22 | €395,070 | €382,491 | -€12,579 | -3.2% |
| Plant, machinery and equipment | 23 | €1,043 | €2,003 | +€960 | +92.0% |
| Furniture and vehicles | 24 | €6,592 | €4,852 | -€1,739 | -26.4% |
| Financial fixed assets | 28 | €285 | €0 | -€285 | -100.0% |
| Current assets | 29/58 | €76,738 | €117,169 | +€40,431 | +52.7% |
| Amounts receivable within one year | 40/41 | €26,571 | €31,754 | +€5,183 | +19.5% |
| Trade receivables | 40 | €0 | €20 | +€20 | |
| Other amounts receivable | 41 | €26,571 | €31,734 | +€5,163 | +19.4% |
| Cash at bank and in hand | 54/58 | €48,543 | €84,323 | +€35,780 | +73.7% |
| Deferred charges and accrued income | 490/1 | €1,624 | €1,093 | -€532 | -32.7% |
| Total equity and liabilities | 10/49 | €479,728 | €506,516 | +€26,788 | +5.6% |
| Equity | 10/15 | €162,544 | €22,885 | -€139,659 | -85.9% |
| Contributions | 10/11 | €8,060 | €6,200 | -€1,860 | -23.1% |
| Reserves | 13 | €154,484 | €16,685 | -€137,799 | -89.2% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €154,484 | €16,685 | -€137,799 | -89.2% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €317,184 | €483,632 | +€166,448 | +52.5% |
| Amounts payable after more than one year | 17 | €191,400 | €191,400 | = | 0.0% |
| Financial debts | 170/4 | €191,400 | €191,400 | = | 0.0% |
| Amounts payable within one year | 42/48 | €125,784 | €292,232 | +€166,448 | +132.3% |
| Trade debts | 44 | €1,551 | €4,155 | +€2,603 | +167.8% |
| Suppliers | 440/4 | €1,551 | €4,155 | +€2,603 | +167.8% |
| Taxes, remuneration and social security | 45 | €8,719 | €26,970 | +€18,251 | +209.3% |
| Taxes | 450/3 | €2,463 | €21,974 | +€19,512 | +792.3% |
| Remuneration and social security | 454/9 | €6,256 | €4,995 | -€1,261 | -20.2% |
| Other amounts payable | 47/48 | €115,514 | €261,107 | +€145,593 | +126.0% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | - | €367 | +€367 | |
| Remuneration, social security and pensions | 62 | €48,451 | €34,650 | -€13,800 | -28.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,016 | €16,900 | -€2,115 | -11.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €6,388 | €3,667 | -€2,721 | -42.6% |
| Gross operating margin | 9900 | €79,422 | €64,008 | -€15,414 | -19.4% |
| Operating profit (loss) | 9901 | €5,568 | €8,790 | +€3,223 | +57.9% |
| Financial income | 75/76B | €27 | €30 | +€3 | +10.5% |
| Recurring financial income | 75 | €27 | €30 | +€3 | +10.5% |
| Financial charges | 65/66B | €24,324 | €18,348 | -€5,976 | -24.6% |
| Recurring financial charges | 65 | €24,324 | €18,348 | -€5,976 | -24.6% |
| Profit (loss) for the period before taxes | 9903 | -€18,729 | -€9,527 | +€9,202 | +49.1% |
| Income taxes | 67/77 | €195 | €132 | -€63 | -32.2% |
| Profit (loss) for the period | 9904 | -€18,924 | -€9,659 | +€9,264 | +49.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€18,924 | -€9,659 | +€9,264 | +49.0% |
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 30 September 2026 via checked.be.