InspiRei: 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.
InspiRei
Largest movements
- Cash -€6,746
down €6,746 (-63.7%), from €10,595 to €3,849
mainly Net result for the year (-€22,327) and Investment in fixed assets (net) (-€2,353)
- Deferred charges and accrued income -€3,647
down €3,647 (-85.3%), from €4,274 to €627
- Profit (loss) carried forward -€22,327
down €22,327 (-32.5%), from -€68,679 to -€91,006
- Other debts +€14,592
up €14,592 (+10.9%), from €133,363 to €147,955
- Tax, wage and social debts -€2,086
down €2,086 (-67.8%), from €3,077 to €990
- Accrued charges and deferred income -€1,025
down €1,025 (-71.1%), from €1,442 to €417
- Gross operating margin -€34,539
down €34,539, from €16,032 to -€18,506
- Depreciation -€13,383
down €13,383 (-88.6%), from €15,098 to €1,715
- Other operating charges -€13,250
down €13,250 (-88.9%), from €14,899 to €1,649
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 | €80,866 | €70,737 | -€10,129 | -12.5% |
| Fixed assets | 21/28 | €65,477 | €66,115 | +€638 | +1.0% |
| Tangible fixed assets | 22/27 | €65,477 | €66,115 | +€638 | +1.0% |
| Plant, machinery and equipment | 23 | €7,276 | €9,179 | +€1,903 | +26.2% |
| Furniture and vehicles | 24 | €57,322 | €56,088 | -€1,234 | -2.2% |
| Other tangible fixed assets | 26 | €879 | €848 | -€31 | -3.6% |
| Current assets | 29/58 | €15,389 | €4,622 | -€10,767 | -70.0% |
| Amounts receivable within one year | 40/41 | €519 | €145 | -€374 | -72.1% |
| Trade receivables | 40 | €482 | €140 | -€342 | -70.9% |
| Other amounts receivable | 41 | €38 | €5 | -€33 | -86.7% |
| Cash at bank and in hand | 54/58 | €10,595 | €3,849 | -€6,746 | -63.7% |
| Deferred charges and accrued income | 490/1 | €4,274 | €627 | -€3,647 | -85.3% |
| Total equity and liabilities | 10/49 | €80,866 | €70,737 | -€10,129 | -12.5% |
| Equity | 10/15 | -€62,479 | -€84,806 | -€22,327 | -35.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€68,679 | -€91,006 | -€22,327 | -32.5% |
| Amounts payable | 17/49 | €143,344 | €155,542 | +€12,198 | +8.5% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €141,902 | €155,125 | +€13,223 | +9.3% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €5,463 | €6,179 | +€716 | +13.1% |
| Suppliers | 440/4 | €5,463 | €6,179 | +€716 | +13.1% |
| Taxes, remuneration and social security | 45 | €3,077 | €990 | -€2,086 | -67.8% |
| Taxes | 450/3 | €3,077 | €990 | -€2,086 | -67.8% |
| Other amounts payable | 47/48 | €133,363 | €147,955 | +€14,592 | +10.9% |
| Accrued charges and deferred income | 492/3 | €1,442 | €417 | -€1,025 | -71.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,098 | €1,715 | -€13,383 | -88.6% |
| Other operating charges | 640/8 | €14,899 | €1,649 | -€13,250 | -88.9% |
| Gross operating margin | 9900 | €16,032 | -€18,506 | -€34,539 | |
| Operating profit (loss) | 9901 | -€13,965 | -€21,871 | -€7,906 | -56.6% |
| Financial income | 75/76B | €6 | €0 | -€6 | -99.8% |
| Recurring financial income | 75 | €6 | €0 | -€6 | -99.8% |
| Financial charges | 65/66B | €372 | €203 | -€168 | -45.3% |
| Recurring financial charges | 65 | €372 | €203 | -€168 | -45.3% |
| Profit (loss) for the period before taxes | 9903 | -€14,331 | -€22,074 | -€7,744 | -54.0% |
| Income taxes | 67/77 | €240 | €253 | +€13 | +5.2% |
| Profit (loss) for the period | 9904 | -€14,571 | -€22,327 | -€7,756 | -53.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€14,571 | -€22,327 | -€7,756 | -53.2% |
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 11 October 2026 via checked.be.