Inspirit Advisory: 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.
Inspirit Advisory
Largest movements
- Receivables within one year +€40,699
up €40,699 (+188%), from €21,606 to €62,305
of which Trade receivables: +€40,691
- Stocks and contracts +€17,975
up €17,975 (+25.4%), from €70,684 to €88,659
- Tangible fixed assets -€11,250
down €11,250 (-19.7%), from €57,221 to €45,971
of which Furniture and vehicles: -€10,659
- Deferred charges and accrued income +€2,955
up €2,955 (+58.8%), from €5,026 to €7,981
- Cash -€2,794
down €2,794 (-5.2%), from €54,174 to €51,380
mainly Receivables within one year (-€40,699) and Stocks and contracts (-€17,975)
- Reserves +€67,118
up €67,118 (+50.1%), from €134,087 to €201,205
- Other debts -€13,740
down €13,740 (-34.4%), from €39,919 to €26,178
- Tax, wage and social debts -€7,107
down €7,107 (-23.1%), from €30,712 to €23,604
- Depreciation +€2,181
up €2,181 (+14.9%), from €14,600 to €16,782
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.
Derived cash bridge
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 | €210,119 | €257,320 | +€47,200 | +22.5% |
| Fixed assets | 21/28 | €58,630 | €46,995 | -€11,635 | -19.8% |
| Intangible fixed assets | 21 | €1,408 | €1,024 | -€385 | -27.3% |
| Tangible fixed assets | 22/27 | €57,221 | €45,971 | -€11,250 | -19.7% |
| Plant, machinery and equipment | 23 | €6,190 | €5,343 | -€847 | -13.7% |
| Furniture and vehicles | 24 | €40,594 | €29,936 | -€10,659 | -26.3% |
| Other tangible fixed assets | 26 | €10,437 | €10,692 | +€255 | +2.4% |
| Current assets | 29/58 | €151,490 | €210,325 | +€58,835 | +38.8% |
| Stocks and contracts in progress | 3 | €70,684 | €88,659 | +€17,975 | +25.4% |
| Stocks | 30/36 | €70,684 | €88,659 | +€17,975 | +25.4% |
| Amounts receivable within one year | 40/41 | €21,606 | €62,305 | +€40,699 | +188% |
| Trade receivables | 40 | €21,599 | €62,290 | +€40,691 | +188% |
| Other amounts receivable | 41 | €7 | €15 | +€8 | +119% |
| Cash at bank and in hand | 54/58 | €54,174 | €51,380 | -€2,794 | -5.2% |
| Deferred charges and accrued income | 490/1 | €5,026 | €7,981 | +€2,955 | +58.8% |
| Total equity and liabilities | 10/49 | €210,119 | €257,320 | +€47,200 | +22.5% |
| Equity | 10/15 | €138,087 | €205,205 | +€67,118 | +48.6% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €134,087 | €201,205 | +€67,118 | +50.1% |
| Distributable reserves | 133 | €134,087 | €201,205 | +€67,118 | +50.1% |
| Amounts payable | 17/49 | €72,033 | €52,115 | -€19,918 | -27.7% |
| Amounts payable within one year | 42/48 | €72,033 | €52,115 | -€19,918 | -27.7% |
| Trade debts | 44 | €1,402 | €2,332 | +€930 | +66.3% |
| Suppliers | 440/4 | €1,402 | €2,332 | +€930 | +66.3% |
| Taxes, remuneration and social security | 45 | €30,712 | €23,604 | -€7,107 | -23.1% |
| Taxes | 450/3 | €30,712 | €23,604 | -€7,107 | -23.1% |
| Other amounts payable | 47/48 | €39,919 | €26,178 | -€13,740 | -34.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,600 | €16,782 | +€2,181 | +14.9% |
| Other operating charges | 640/8 | €282 | €144 | -€138 | -49.0% |
| Gross operating margin | 9900 | €101,829 | €102,799 | +€970 | +1.0% |
| Operating profit (loss) | 9901 | €86,946 | €85,873 | -€1,073 | -1.2% |
| Financial income | 75/76B | €182 | €175 | -€7 | -4.1% |
| Recurring financial income | 75 | €182 | €175 | -€7 | -4.1% |
| Financial charges | 65/66B | €409 | €769 | +€360 | +88.0% |
| Recurring financial charges | 65 | €409 | €769 | +€360 | +88.0% |
| Profit (loss) for the period before taxes | 9903 | €86,719 | €85,279 | -€1,440 | -1.7% |
| Income taxes | 67/77 | €18,089 | €18,161 | +€72 | +0.4% |
| Profit (loss) for the period | 9904 | €68,630 | €67,118 | -€1,512 | -2.2% |
| Profit (loss) for the period to be appropriated | 9905 | €68,630 | €67,118 | -€1,512 | -2.2% |
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 22 October 2026 via checked.be.