!Nspire: what changed
!Nspire
Largest movements
- Receivables within one year +€36,507
up €36,507 (+41.1%), from €88,908 to €125,416
of which Other amounts receivable: +€28,004
- Tangible fixed assets -€24,781
down €24,781 (-7.2%), from €343,821 to €319,040
of which Other tangible fixed assets: -€12,891
- Cash -€10,859
down €10,859 (-42.2%), from €25,737 to €14,878
mainly Receivables within one year (-€36,507) and Trade debts (-€12,097)
- Reserves +€27,857
up €27,857 (+14.1%), from €197,763 to €225,620
- Trade debts -€12,097
down €12,097 (-50.5%), from €23,941 to €11,844
- Debts after one year -€8,387
down €8,387 (-4.5%), from €186,900 to €178,513
- Tax, wage and social debts -€7,598
down €7,598 (-24.1%), from €31,576 to €23,978
- Taxes +€7,792
up €7,792 (+63.7%), from €12,241 to €20,032
- Gross operating margin +€4,083
up €4,083 (+5.1%), from €80,775 to €84,857
- Financial charges -€1,400
down €1,400 (-11.4%), from €12,236 to €10,836
- Financial income +€1,271
up €1,271 (+49.2%), from €2,583 to €3,854
- Other operating charges -€1,000
down €1,000 (-39.2%), from €2,553 to €1,553
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €523,581 | €524,486 | +€906 | +0.2% |
| Fixed assets | 21/28 | €407,579 | €382,798 | -€24,781 | -6.1% |
| Tangible fixed assets | 22/27 | €343,821 | €319,040 | -€24,781 | -7.2% |
| Land and buildings | 22 | €191,232 | €187,537 | -€3,694 | -1.9% |
| Furniture and vehicles | 24 | €25,912 | €17,717 | -€8,195 | -31.6% |
| Other tangible fixed assets | 26 | €126,677 | €113,786 | -€12,891 | -10.2% |
| Financial fixed assets | 28 | €63,758 | €63,758 | = | 0.0% |
| Current assets | 29/58 | €116,002 | €141,689 | +€25,687 | +22.1% |
| Amounts receivable within one year | 40/41 | €88,908 | €125,416 | +€36,507 | +41.1% |
| Trade receivables | 40 | €29,397 | €37,901 | +€8,504 | +28.9% |
| Other amounts receivable | 41 | €59,511 | €87,515 | +€28,004 | +47.1% |
| Cash at bank and in hand | 54/58 | €25,737 | €14,878 | -€10,859 | -42.2% |
| Deferred charges and accrued income | 490/1 | €1,357 | €1,395 | +€38 | +2.8% |
| Total equity and liabilities | 10/49 | €523,581 | €524,486 | +€906 | +0.2% |
| Equity | 10/15 | €203,963 | €231,820 | +€27,857 | +13.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €197,763 | €225,620 | +€27,857 | +14.1% |
| Distributable reserves | 133 | €197,763 | €225,620 | +€27,857 | +14.1% |
| Amounts payable | 17/49 | €319,618 | €292,667 | -€26,951 | -8.4% |
| Amounts payable after more than one year | 17 | €186,900 | €178,513 | -€8,387 | -4.5% |
| Financial debts | 170/4 | €186,900 | €178,513 | -€8,387 | -4.5% |
| Amounts payable within one year | 42/48 | €132,718 | €114,154 | -€18,564 | -14.0% |
| Current portion of amounts payable after more than one year | 42 | €38,671 | €39,831 | +€1,159 | +3.0% |
| Financial debts | 43 | €12,429 | €12,402 | -€28 | -0.2% |
| Credit institutions | 430/8 | €12,429 | €12,402 | -€28 | -0.2% |
| Trade debts | 44 | €23,941 | €11,844 | -€12,097 | -50.5% |
| Suppliers | 440/4 | €23,941 | €11,844 | -€12,097 | -50.5% |
| Advances received on contracts in progress | 46 | €26,100 | €26,100 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €31,576 | €23,978 | -€7,598 | -24.1% |
| Taxes | 450/3 | €31,576 | €23,978 | -€7,598 | -24.1% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,094 | €28,433 | +€339 | +1.2% |
| Other operating charges | 640/8 | €2,553 | €1,553 | -€1,000 | -39.2% |
| Gross operating margin | 9900 | €80,775 | €84,857 | +€4,083 | +5.1% |
| Operating profit (loss) | 9901 | €50,127 | €54,871 | +€4,744 | +9.5% |
| Financial income | 75/76B | €2,583 | €3,854 | +€1,271 | +49.2% |
| Recurring financial income | 75 | €2,583 | €3,854 | +€1,271 | +49.2% |
| Financial charges | 65/66B | €12,236 | €10,836 | -€1,400 | -11.4% |
| Recurring financial charges | 65 | €12,236 | €10,836 | -€1,400 | -11.4% |
| Profit (loss) for the period before taxes | 9903 | €40,475 | €47,889 | +€7,415 | +18.3% |
| Income taxes | 67/77 | €12,241 | €20,032 | +€7,792 | +63.7% |
| Profit (loss) for the period | 9904 | €28,234 | €27,857 | -€377 | -1.3% |
| Profit (loss) for the period to be appropriated | 9905 | €28,234 | €27,857 | -€377 | -1.3% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.