Inspirenet: 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.
Inspirenet
Largest movements
- Receivables within one year +€65,048
up €65,048 (+1834.3%), from €3,546 to €68,594
of which Trade receivables: +€68,594
- Cash -€38,133
down €38,133 (-18.4%), from €207,479 to €169,346
mainly Other debts (-€83,386) and Receivables within one year (-€65,048)
- Tangible fixed assets -€7,305
down €7,305 (-6.0%), from €122,309 to €115,004
of which Land and buildings: -€6,280
- Reserves +€92,328
up €92,328 (+55.8%), from €165,607 to €257,935
- Other debts -€83,386
down €83,386 (-99.8%), from €83,511 to €126
- Tax, wage and social debts +€21,459
up €21,459 (+532.7%), from €4,028 to €25,487
- Debts after one year -€7,124
down €7,124 (-12.5%), from €56,899 to €49,775
- Gross operating margin +€19,268
up €19,268 (+15.5%), from €124,095 to €143,363
- Taxes +€14,039
up €14,039 (+58.2%), from €24,142 to €38,181
- Depreciation -€3,065
down €3,065 (-29.6%), from €10,370 to €7,305
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 | €334,635 | €354,698 | +€20,063 | +6.0% |
| Fixed assets | 21/28 | €122,309 | €115,004 | -€7,305 | -6.0% |
| Tangible fixed assets | 22/27 | €122,309 | €115,004 | -€7,305 | -6.0% |
| Land and buildings | 22 | €116,152 | €109,872 | -€6,280 | -5.4% |
| Plant, machinery and equipment | 23 | €1,580 | €1,416 | -€164 | -10.4% |
| Furniture and vehicles | 24 | €4,577 | €3,717 | -€861 | -18.8% |
| Assets under construction and advance payments | 27 | €0 | - | = | |
| Current assets | 29/58 | €212,326 | €239,694 | +€27,368 | +12.9% |
| Amounts receivable within one year | 40/41 | €3,546 | €68,594 | +€65,048 | +1834.3% |
| Trade receivables | 40 | €0 | €68,594 | +€68,594 | |
| Other amounts receivable | 41 | €3,546 | €0 | -€3,546 | -100.0% |
| Cash at bank and in hand | 54/58 | €207,479 | €169,346 | -€38,133 | -18.4% |
| Deferred charges and accrued income | 490/1 | €1,300 | €1,754 | +€454 | +34.9% |
| Total equity and liabilities | 10/49 | €334,635 | €354,698 | +€20,063 | +6.0% |
| Equity | 10/15 | €178,007 | €270,335 | +€92,328 | +51.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €165,607 | €257,935 | +€92,328 | +55.8% |
| Distributable reserves | 133 | €165,607 | €257,935 | +€92,328 | +55.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €156,628 | €84,363 | -€72,265 | -46.1% |
| Amounts payable after more than one year | 17 | €56,899 | €49,775 | -€7,124 | -12.5% |
| Financial debts | 170/4 | €56,899 | €49,775 | -€7,124 | -12.5% |
| Amounts payable within one year | 42/48 | €98,729 | €33,588 | -€65,141 | -66.0% |
| Current portion of amounts payable after more than one year | 42 | €6,938 | €7,124 | +€186 | +2.7% |
| Trade debts | 44 | €4,252 | €851 | -€3,400 | -80.0% |
| Suppliers | 440/4 | €4,252 | €851 | -€3,400 | -80.0% |
| Taxes, remuneration and social security | 45 | €4,028 | €25,487 | +€21,459 | +532.7% |
| Taxes | 450/3 | €4,028 | €25,487 | +€21,459 | +532.7% |
| Other amounts payable | 47/48 | €83,511 | €126 | -€83,386 | -99.8% |
| Accrued charges and deferred income | 492/3 | €1,000 | €1,000 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,370 | €7,305 | -€3,065 | -29.6% |
| Other operating charges | 640/8 | €2,657 | €2,584 | -€74 | -2.8% |
| Gross operating margin | 9900 | €124,095 | €143,363 | +€19,268 | +15.5% |
| Operating profit (loss) | 9901 | €111,068 | €133,474 | +€22,406 | +20.2% |
| Financial income | 75/76B | €626 | €1,128 | +€503 | +80.3% |
| Recurring financial income | 75 | €626 | €1,128 | +€503 | +80.3% |
| Financial charges | 65/66B | €4,066 | €3,993 | -€72 | -1.8% |
| Recurring financial charges | 65 | €4,066 | €3,993 | -€72 | -1.8% |
| Profit (loss) for the period before taxes | 9903 | €107,628 | €130,609 | +€22,981 | +21.4% |
| Income taxes | 67/77 | €24,142 | €38,181 | +€14,039 | +58.2% |
| Profit (loss) for the period | 9904 | €83,486 | €92,428 | +€8,942 | +10.7% |
| Profit (loss) for the period to be appropriated | 9905 | €83,486 | €92,428 | +€8,942 | +10.7% |
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 3 October 2026 via checked.be.