MED INSPIRE: 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.
MED INSPIRE
Largest movements
- Cash -€34,928
down €34,928 (-93.2%), from €37,475 to €2,547
mainly Net result for the year (-€41,387) and Tax, wage and social debts (-€1,628)
- Deferred charges and accrued income -€4,152
down €4,152 (-94.1%), from €4,411 to €259
- Tangible fixed assets -€3,346
down €3,346 (-18.5%), from €18,121 to €14,775
of which Other tangible fixed assets: -€2,705
- Profit (loss) carried forward -€41,387
down €41,387 (-40.7%), from -€101,749 to -€143,136
- Tax, wage and social debts -€1,628
no longer reported in 2025 (was €1,628)
- Trade debts +€871
up €871 (+77.6%), from €1,123 to €1,994
- Gross operating margin +€5,892
up €5,892 (+14.1%), from -€41,872 to -€35,979
- Financial charges -€3,446
down €3,446 (-73.0%), from €4,720 to €1,274
of which Non-recurring financial charges: -€3,862
- Other operating charges +€787
new in 2025: €787
- Depreciation +€486
up €486 (+17.0%), from €2,860 to €3,346
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 | €60,238 | €18,200 | -€42,037 | -69.8% |
| Fixed assets | 21/28 | €18,351 | €14,915 | -€3,436 | -18.7% |
| Tangible fixed assets | 22/27 | €18,121 | €14,775 | -€3,346 | -18.5% |
| Furniture and vehicles | 24 | €1,690 | €1,048 | -€642 | -38.0% |
| Other tangible fixed assets | 26 | €16,431 | €13,727 | -€2,705 | -16.5% |
| Financial fixed assets | 28 | €230 | €140 | -€90 | -39.1% |
| Current assets | 29/58 | €41,886 | €3,285 | -€38,601 | -92.2% |
| Amounts receivable within one year | 40/41 | - | €479 | +€479 | |
| Other amounts receivable | 41 | - | €479 | +€479 | |
| Cash at bank and in hand | 54/58 | €37,475 | €2,547 | -€34,928 | -93.2% |
| Deferred charges and accrued income | 490/1 | €4,411 | €259 | -€4,152 | -94.1% |
| Total equity and liabilities | 10/49 | €60,238 | €18,200 | -€42,037 | -69.8% |
| Equity | 10/15 | €52,251 | €10,864 | -€41,387 | -79.2% |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Capital | 10 | €150,000 | €150,000 | = | 0.0% |
| Issued capital | 100 | €150,000 | €150,000 | = | 0.0% |
| Reserves | 13 | €4,000 | €4,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €4,000 | €4,000 | = | 0.0% |
| Legal reserve | 130 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€101,749 | -€143,136 | -€41,387 | -40.7% |
| Amounts payable | 17/49 | €7,987 | €7,336 | -€651 | -8.2% |
| Amounts payable within one year | 42/48 | €7,745 | €7,335 | -€409 | -5.3% |
| Trade debts | 44 | €1,123 | €1,994 | +€871 | +77.6% |
| Suppliers | 440/4 | €1,123 | €1,994 | +€871 | +77.6% |
| Taxes, remuneration and social security | 45 | €1,628 | - | -€1,628 | |
| Taxes | 450/3 | €1,628 | - | -€1,628 | |
| Other amounts payable | 47/48 | €4,994 | €5,341 | +€347 | +7.0% |
| Accrued charges and deferred income | 492/3 | €242 | €0 | -€242 | -99.9% |
| Non-recurring operating income | 76A | €3,252 | - | -€3,252 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,860 | €3,346 | +€486 | +17.0% |
| Other operating charges | 640/8 | - | €787 | +€787 | |
| Gross operating margin | 9900 | -€41,872 | -€35,979 | +€5,892 | +14.1% |
| Operating profit (loss) | 9901 | -€44,732 | -€40,113 | +€4,620 | +10.3% |
| Financial charges | 65/66B | €4,720 | €1,274 | -€3,446 | -73.0% |
| Recurring financial charges | 65 | €858 | €1,274 | +€416 | +48.5% |
| Non-recurring financial charges | 66B | €3,862 | - | -€3,862 | |
| Profit (loss) for the period before taxes | 9903 | -€49,452 | -€41,387 | +€8,066 | +16.3% |
| Income taxes | 67/77 | €377 | - | -€377 | |
| Profit (loss) for the period | 9904 | -€49,829 | -€41,387 | +€8,442 | +16.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€49,829 | -€41,387 | +€8,442 | +16.9% |
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 31 October 2026 via checked.be.