InsPyro: 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.
InsPyro
Largest movements
- Cash +€102,521
up €102,521 (+29.6%), from €346,288 to €448,809
mainly Net result for the year (+€124,542) and Trade debts (+€104,095)
- Current investments +€69,595
new in 2025: €69,595
- Receivables within one year +€55,569
up €55,569 (+33.2%), from €167,274 to €222,842
of which Trade receivables: +€55,626
- Deferred charges and accrued income +€46,750
up €46,750 (+102%), from €46,054 to €92,804
- Intangible fixed assets +€20,101
up €20,101 (+47.8%), from €42,093 to €62,194
- Trade debts +€104,095
up €104,095 (+550%), from €18,935 to €123,030
- Reserves +€69,595
up €69,595 (+450%), from €15,459 to €85,054
- Tax, wage and social debts +€67,852
up €67,852 (+73.8%), from €91,998 to €159,849
of which Taxes: +€51,310
- Debts after one year +€65,172
up €65,172 (+371%), from €17,553 to €82,725
- Contributions -€29,914
down €29,914 (-21.0%), from €142,170 to €112,256
- Gross operating margin +€134,020
up €134,020 (+26.4%), from €507,016 to €641,035
- Staff costs +€54,259
up €54,259 (+13.4%), from €404,744 to €459,003
- Taxes +€16,836
up €16,836 (+1,063%), from €1,584 to €18,419
- Financial charges +€10,653
up €10,653 (+467%), from €2,283 to €12,936
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 | €682,707 | €972,076 | +€289,369 | +42.4% |
| Fixed assets | 21/28 | €123,091 | €129,431 | +€6,340 | +5.2% |
| Intangible fixed assets | 21 | €42,093 | €62,194 | +€20,101 | +47.8% |
| Tangible fixed assets | 22/27 | €17,998 | €24,237 | +€6,239 | +34.7% |
| Plant, machinery and equipment | 23 | €725 | €16,167 | +€15,443 | +2,130% |
| Furniture and vehicles | 24 | €17,273 | €8,069 | -€9,204 | -53.3% |
| Financial fixed assets | 28 | €63,000 | €43,000 | -€20,000 | -31.7% |
| Current assets | 29/58 | €559,616 | €842,645 | +€283,029 | +50.6% |
| Amounts receivable after more than one year | 29 | - | €8,594 | +€8,594 | |
| Trade receivables | 290 | - | €8,594 | +€8,594 | |
| Amounts receivable within one year | 40/41 | €167,274 | €222,842 | +€55,569 | +33.2% |
| Trade receivables | 40 | €167,216 | €222,842 | +€55,626 | +33.3% |
| Other amounts receivable | 41 | €57 | - | -€57 | |
| Current investments | 50/53 | - | €69,595 | +€69,595 | |
| Cash at bank and in hand | 54/58 | €346,288 | €448,809 | +€102,521 | +29.6% |
| Deferred charges and accrued income | 490/1 | €46,054 | €92,804 | +€46,750 | +102% |
| Total equity and liabilities | 10/49 | €682,707 | €972,076 | +€289,369 | +42.4% |
| Equity | 10/15 | €430,409 | €454,246 | +€23,837 | +5.5% |
| Contributions | 10/11 | €142,170 | €112,256 | -€29,914 | -21.0% |
| Capital | 10 | €142,170 | €112,256 | -€29,914 | -21.0% |
| Issued capital | 100 | €145,770 | €115,353 | -€30,417 | -20.9% |
| Uncalled capital | 101 | €3,600 | €3,097 | -€503 | -14.0% |
| Reserves | 13 | €15,459 | €85,054 | +€69,595 | +450% |
| Non-distributable reserves | 130/1 | €15,459 | €85,054 | +€69,595 | +450% |
| Legal reserve | 130 | €15,459 | €15,459 | = | 0.0% |
| Own shares acquired | 1312 | - | €69,595 | +€69,595 | |
| Profit (loss) carried forward | 14 | €272,781 | €256,937 | -€15,844 | -5.8% |
| Amounts payable | 17/49 | €252,298 | €517,829 | +€265,532 | +105% |
| Amounts payable after more than one year | 17 | €17,553 | €82,725 | +€65,172 | +371% |
| Financial debts | 170/4 | €17,553 | €82,725 | +€65,172 | +371% |
| Amounts payable within one year | 42/48 | €131,960 | €329,855 | +€197,894 | +150% |
| Current portion of amounts payable after more than one year | 42 | €12,460 | €36,149 | +€23,689 | +190% |
| Trade debts | 44 | €18,935 | €123,030 | +€104,095 | +550% |
| Suppliers | 440/4 | €18,935 | €123,030 | +€104,095 | +550% |
| Taxes, remuneration and social security | 45 | €91,998 | €159,849 | +€67,852 | +73.8% |
| Taxes | 450/3 | €14,159 | €65,469 | +€51,310 | +362% |
| Remuneration and social security | 454/9 | €77,839 | €94,380 | +€16,542 | +21.3% |
| Other amounts payable | 47/48 | €8,568 | €10,826 | +€2,259 | +26.4% |
| Accrued charges and deferred income | 492/3 | €102,785 | €105,250 | +€2,465 | +2.4% |
| Non-recurring operating income | 76A | €235 | €29,005 | +€28,770 | +12,248% |
| Remuneration, social security and pensions | 62 | €404,744 | €459,003 | +€54,259 | +13.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,251 | €26,749 | -€3,502 | -11.6% |
| Other operating charges | 640/8 | €2,605 | €2,778 | +€173 | +6.6% |
| Gross operating margin | 9900 | €507,016 | €641,035 | +€134,020 | +26.4% |
| Operating profit (loss) | 9901 | €69,415 | €152,505 | +€83,090 | +120% |
| Financial income | 75/76B | €1,856 | €3,392 | +€1,536 | +82.8% |
| Recurring financial income | 75 | €1,856 | €3,392 | +€1,536 | +82.8% |
| Financial charges | 65/66B | €2,283 | €12,936 | +€10,653 | +467% |
| Recurring financial charges | 65 | €2,283 | €12,936 | +€10,653 | +467% |
| Profit (loss) for the period before taxes | 9903 | €68,988 | €142,962 | +€73,973 | +107% |
| Income taxes | 67/77 | €1,584 | €18,419 | +€16,836 | +1,063% |
| Profit (loss) for the period | 9904 | €67,405 | €124,542 | +€57,138 | +84.8% |
| Profit (loss) for the period to be appropriated | 9905 | €67,405 | €124,542 | +€57,138 | +84.8% |
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 27 October 2026 via checked.be.