INSPIRED VISION: 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 VISION
Largest movements
- Stocks and contracts -€504,955
no longer reported in 2025 (was €504,955)
- Tangible fixed assets +€277,649
up €277,649 (+2236.6%), from €12,414 to €290,063
of which Land and buildings: +€279,363
- Receivables within one year -€14,123
down €14,123 (-2.1%), from €671,456 to €657,333
of which Other amounts receivable: -€215,674
- Short-term financial debts -€416,798
no longer reported in 2025 (was €416,798)
- Other debts +€107,456
up €107,456 (+13.0%), from €823,633 to €931,088
- Tax, wage and social debts +€40,841
up €40,841 (+1279.3%), from €3,192 to €44,033
- Debts after one year +€29,940
up €29,940 (+13.5%), from €221,527 to €251,468
- Profit (loss) carried forward -€17,108
down €17,108 (-5.2%), from -€331,584 to -€348,692
- Financial charges -€56,009
down €56,009 (-69.7%), from €80,344 to €24,335
- Gross operating margin -€45,606
down €45,606 (-68.9%), from €66,173 to €20,567
- Depreciation +€5,287
up €5,287 (+131.1%), from €4,032 to €9,319
- Other operating charges +€2,643
up €2,643 (+141.5%), from €1,867 to €4,510
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 | €1,273,173 | €1,024,740 | -€248,433 | -19.5% |
| Fixed assets | 21/28 | €87,414 | €365,063 | +€277,649 | +317.6% |
| Tangible fixed assets | 22/27 | €12,414 | €290,063 | +€277,649 | +2236.6% |
| Land and buildings | 22 | - | €279,363 | +€279,363 | |
| Plant, machinery and equipment | 23 | €949 | €853 | -€97 | -10.2% |
| Furniture and vehicles | 24 | €5,140 | €2,851 | -€2,289 | -44.5% |
| Other tangible fixed assets | 26 | €6,324 | €6,996 | +€672 | +10.6% |
| Financial fixed assets | 28 | €75,000 | €75,000 | = | 0.0% |
| Current assets | 29/58 | €1,185,759 | €659,677 | -€526,082 | -44.4% |
| Stocks and contracts in progress | 3 | €504,955 | - | -€504,955 | |
| Stocks | 30/36 | €504,955 | - | -€504,955 | |
| Amounts receivable within one year | 40/41 | €671,456 | €657,333 | -€14,123 | -2.1% |
| Trade receivables | 40 | €386,038 | €587,590 | +€201,551 | +52.2% |
| Other amounts receivable | 41 | €285,417 | €69,743 | -€215,674 | -75.6% |
| Cash at bank and in hand | 54/58 | €8,732 | €1,944 | -€6,788 | -77.7% |
| Deferred charges and accrued income | 490/1 | €616 | €400 | -€216 | -35.0% |
| Total equity and liabilities | 10/49 | €1,273,173 | €1,024,740 | -€248,433 | -19.5% |
| Equity | 10/15 | -€228,524 | -€245,632 | -€17,108 | -7.5% |
| Contributions | 10/11 | €101,200 | €101,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€331,584 | -€348,692 | -€17,108 | -5.2% |
| Amounts payable | 17/49 | €1,501,697 | €1,270,372 | -€231,325 | -15.4% |
| Amounts payable after more than one year | 17 | €221,527 | €251,468 | +€29,940 | +13.5% |
| Financial debts | 170/4 | €221,527 | €251,468 | +€29,940 | +13.5% |
| Amounts payable within one year | 42/48 | €1,262,979 | €999,476 | -€263,503 | -20.9% |
| Current portion of amounts payable after more than one year | 42 | €14,509 | €17,209 | +€2,700 | +18.6% |
| Financial debts | 43 | €416,798 | - | -€416,798 | |
| Credit institutions | 430/8 | €416,798 | - | -€416,798 | |
| Trade debts | 44 | €4,847 | €7,145 | +€2,298 | +47.4% |
| Suppliers | 440/4 | €4,847 | €7,145 | +€2,298 | +47.4% |
| Taxes, remuneration and social security | 45 | €3,192 | €44,033 | +€40,841 | +1279.3% |
| Taxes | 450/3 | €3,192 | €44,033 | +€40,841 | +1279.3% |
| Other amounts payable | 47/48 | €823,633 | €931,088 | +€107,456 | +13.0% |
| Accrued charges and deferred income | 492/3 | €17,190 | €19,429 | +€2,238 | +13.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,032 | €9,319 | +€5,287 | +131.1% |
| Other operating charges | 640/8 | €1,867 | €4,510 | +€2,643 | +141.5% |
| Gross operating margin | 9900 | €66,173 | €20,567 | -€45,606 | -68.9% |
| Operating profit (loss) | 9901 | €60,273 | €6,738 | -€53,535 | -88.8% |
| Financial income | 75/76B | €1 | €489 | +€488 | +93842.3% |
| Recurring financial income | 75 | €1 | €489 | +€488 | +93842.3% |
| Financial charges | 65/66B | €80,344 | €24,335 | -€56,009 | -69.7% |
| Recurring financial charges | 65 | €80,344 | €24,335 | -€56,009 | -69.7% |
| Profit (loss) for the period before taxes | 9903 | -€20,070 | -€17,108 | +€2,962 | +14.8% |
| Profit (loss) for the period | 9904 | -€20,070 | -€17,108 | +€2,962 | +14.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€20,070 | -€17,108 | +€2,962 | +14.8% |
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 29 September 2026 via checked.be.