NSPIRE: 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.
NSPIRE
Largest movements
- Cash +€23,745
up €23,745 (+17.6%), from €135,293 to €159,038
mainly Net result for the year (+€57,561) and Other debts (+€39,074)
- Current investments +€20,509
up €20,509 (+37.6%), from €54,491 to €75,000
- Receivables within one year -€12,263
down €12,263 (-99.9%), from €12,281 to €18
of which Trade receivables: -€11,543
- Tangible fixed assets -€10,532
down €10,532 (-35.3%), from €29,841 to €19,309
of which Furniture and vehicles: -€9,684
- Other debts +€39,074
up €39,074 (+135.9%), from €28,746 to €67,820
- Reserves -€8,508
down €8,508 (-5.2%), from €163,088 to €154,580
- Current portion of long-term debt -€7,707
down €7,707 (-100.0%), from €7,707 to €0
- Financial income +€24,293
up €24,293 (+495.5%), from €4,903 to €29,197
- Financial charges -€9,190
down €9,190 (-79.2%), from €11,607 to €2,417
- Gross operating margin -€7,533
down €7,533 (-10.4%), from €72,419 to €64,886
- Taxes +€5,345
up €5,345 (+31.0%), from €17,269 to €22,614
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 | €232,287 | €254,509 | +€22,222 | +9.6% |
| Fixed assets | 21/28 | €29,841 | €19,309 | -€10,532 | -35.3% |
| Tangible fixed assets | 22/27 | €29,841 | €19,309 | -€10,532 | -35.3% |
| Plant, machinery and equipment | 23 | €3,327 | €2,480 | -€848 | -25.5% |
| Furniture and vehicles | 24 | €26,513 | €16,829 | -€9,684 | -36.5% |
| Current assets | 29/58 | €202,447 | €235,201 | +€32,754 | +16.2% |
| Amounts receivable within one year | 40/41 | €12,281 | €18 | -€12,263 | -99.9% |
| Trade receivables | 40 | €11,562 | €18 | -€11,543 | -99.8% |
| Other amounts receivable | 41 | €719 | €0 | -€719 | -100.0% |
| Current investments | 50/53 | €54,491 | €75,000 | +€20,509 | +37.6% |
| Cash at bank and in hand | 54/58 | €135,293 | €159,038 | +€23,745 | +17.6% |
| Deferred charges and accrued income | 490/1 | €382 | €1,145 | +€762 | +199.4% |
| Total equity and liabilities | 10/49 | €232,287 | €254,509 | +€22,222 | +9.6% |
| Equity | 10/15 | €175,488 | €166,980 | -€8,508 | -4.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €163,088 | €154,580 | -€8,508 | -5.2% |
| Distributable reserves | 133 | €163,088 | €154,580 | -€8,508 | -5.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €56,799 | €87,529 | +€30,730 | +54.1% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €56,699 | €87,529 | +€30,830 | +54.4% |
| Current portion of amounts payable after more than one year | 42 | €7,707 | €0 | -€7,707 | -100.0% |
| Financial debts | 43 | €166 | €239 | +€73 | +44.0% |
| Other loans | 439 | €166 | €239 | +€73 | +44.0% |
| Trade debts | 44 | €1,820 | €886 | -€934 | -51.3% |
| Suppliers | 440/4 | €1,820 | €886 | -€934 | -51.3% |
| Taxes, remuneration and social security | 45 | €18,261 | €18,584 | +€324 | +1.8% |
| Taxes | 450/3 | €18,261 | €18,584 | +€324 | +1.8% |
| Other amounts payable | 47/48 | €28,746 | €67,820 | +€39,074 | +135.9% |
| Accrued charges and deferred income | 492/3 | €100 | €0 | -€100 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,102 | €10,532 | -€570 | -5.1% |
| Other operating charges | 640/8 | €961 | €960 | -€1 | -0.1% |
| Gross operating margin | 9900 | €72,419 | €64,886 | -€7,533 | -10.4% |
| Operating profit (loss) | 9901 | €60,356 | €53,395 | -€6,961 | -11.5% |
| Financial income | 75/76B | €4,903 | €29,197 | +€24,293 | +495.5% |
| Recurring financial income | 75 | €4,903 | €29,197 | +€24,293 | +495.5% |
| Financial charges | 65/66B | €11,607 | €2,417 | -€9,190 | -79.2% |
| Recurring financial charges | 65 | €11,607 | €2,417 | -€9,190 | -79.2% |
| Profit (loss) for the period before taxes | 9903 | €53,653 | €80,175 | +€26,522 | +49.4% |
| Income taxes | 67/77 | €17,269 | €22,614 | +€5,345 | +31.0% |
| Profit (loss) for the period | 9904 | €36,384 | €57,561 | +€21,177 | +58.2% |
| Profit (loss) for the period to be appropriated | 9905 | €36,384 | €57,561 | +€21,177 | +58.2% |
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 12 October 2026 via checked.be.