M-Inspect: 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.
M-Inspect
Largest movements
- Cash +€48,140
up €48,140 (+467.2%), from €10,304 to €58,445
mainly Net result for the year (+€64,466) and Deferred charges and accrued income (+€3,356)
- Receivables within one year +€6,438
up €6,438 (+147.7%), from €4,360 to €10,799
of which Other amounts receivable: +€5,679
- Deferred charges and accrued income -€3,356
down €3,356 (-37.7%), from €8,911 to €5,555
- Profit (loss) carried forward +€64,466
up €64,466 (+155.6%), from €41,441 to €105,907
- Other debts -€15,761
no longer reported in 2025 (was €15,761)
- Trade debts +€1,279
up €1,279 (+479.8%), from €266 to €1,545
- Gross operating margin +€37,312
up €37,312 (+67.9%), from €54,989 to €92,301
- Taxes +€12,628
up €12,628 (+113.3%), from €11,144 to €23,771
- Depreciation +€1,607
up €1,607 (+93.8%), from €1,712 to €3,319
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 | €61,112 | €111,505 | +€50,393 | +82.5% |
| Fixed assets | 21/28 | €37,536 | €36,706 | -€830 | -2.2% |
| Tangible fixed assets | 22/27 | €37,536 | €36,706 | -€830 | -2.2% |
| Land and buildings | 22 | €22,125 | €20,850 | -€1,275 | -5.8% |
| Plant, machinery and equipment | 23 | €646 | €913 | +€267 | +41.4% |
| Furniture and vehicles | 24 | €14,765 | €14,943 | +€178 | +1.2% |
| Current assets | 29/58 | €23,576 | €74,799 | +€51,223 | +217.3% |
| Amounts receivable within one year | 40/41 | €4,360 | €10,799 | +€6,438 | +147.7% |
| Trade receivables | 40 | - | €760 | +€760 | |
| Other amounts receivable | 41 | €4,360 | €10,039 | +€5,679 | +130.2% |
| Cash at bank and in hand | 54/58 | €10,304 | €58,445 | +€48,140 | +467.2% |
| Deferred charges and accrued income | 490/1 | €8,911 | €5,555 | -€3,356 | -37.7% |
| Total equity and liabilities | 10/49 | €61,112 | €111,505 | +€50,393 | +82.5% |
| Equity | 10/15 | €43,941 | €108,407 | +€64,466 | +146.7% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €41,441 | €105,907 | +€64,466 | +155.6% |
| Amounts payable | 17/49 | €17,171 | €3,099 | -€14,073 | -82.0% |
| Amounts payable within one year | 42/48 | €17,171 | €2,992 | -€14,179 | -82.6% |
| Trade debts | 44 | €266 | €1,545 | +€1,279 | +479.8% |
| Suppliers | 440/4 | €266 | €1,545 | +€1,279 | +479.8% |
| Taxes, remuneration and social security | 45 | €1,144 | €1,447 | +€303 | +26.5% |
| Taxes | 450/3 | €1,144 | €1,447 | +€303 | +26.5% |
| Other amounts payable | 47/48 | €15,761 | - | -€15,761 | |
| Accrued charges and deferred income | 492/3 | - | €107 | +€107 | |
| Non-recurring operating income | 76A | €1,283 | - | -€1,283 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,712 | €3,319 | +€1,607 | +93.8% |
| Other operating charges | 640/8 | €1,113 | €653 | -€460 | -41.3% |
| Non-recurring operating charges | 66A | €278 | - | -€278 | |
| Gross operating margin | 9900 | €54,989 | €92,301 | +€37,312 | +67.9% |
| Operating profit (loss) | 9901 | €51,886 | €88,329 | +€36,443 | +70.2% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €39 | €91 | +€52 | +133.1% |
| Recurring financial charges | 65 | €39 | €91 | +€52 | +133.1% |
| Profit (loss) for the period before taxes | 9903 | €51,847 | €88,238 | +€36,391 | +70.2% |
| Income taxes | 67/77 | €11,144 | €23,771 | +€12,628 | +113.3% |
| Profit (loss) for the period | 9904 | €40,703 | €64,466 | +€23,763 | +58.4% |
| Profit (loss) for the period to be appropriated | 9905 | €40,703 | €64,466 | +€23,763 | +58.4% |
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 7 October 2026 via checked.be.