RESPIRA: 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.
RESPIRA
Largest movements
- Cash +€154,416
up €154,416 (+183.7%), from €84,052 to €238,468
mainly Other debts (+€159,774) and Net result for the year (+€132,537)
- Tangible fixed assets -€13,801
down €13,801 (-22.1%), from €62,517 to €48,716
of which Plant, machinery and equipment: -€11,929
- Other debts +€159,774
up €159,774 (+662.8%), from €24,108 to €183,882
- Profit (loss) carried forward -€66,363
down €66,363 (-99.9%), from €66,434 to €71
- Tax, wage and social debts +€46,642
up €46,642 (+210.2%), from €22,185 to €68,826
of which Taxes: +€46,432
- Gross operating margin +€109,292
up €109,292 (+92.6%), from €118,068 to €227,360
- Taxes +€27,986
up €27,986 (+151.7%), from €18,447 to €46,432
- Staff costs +€7,549
up €7,549 (+28.1%), from €26,859 to €34,408
- Other operating charges -€6,676
down €6,676 (-100.0%), from €6,676 to €0
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 | €183,370 | €322,559 | +€139,189 | +75.9% |
| Fixed assets | 21/28 | €62,880 | €49,079 | -€13,801 | -21.9% |
| Tangible fixed assets | 22/27 | €62,517 | €48,716 | -€13,801 | -22.1% |
| Plant, machinery and equipment | 23 | €58,783 | €46,854 | -€11,929 | -20.3% |
| Furniture and vehicles | 24 | €3,734 | €1,862 | -€1,873 | -50.1% |
| Financial fixed assets | 28 | €363 | €363 | = | 0.0% |
| Current assets | 29/58 | €120,490 | €273,480 | +€152,991 | +127.0% |
| Stocks and contracts in progress | 3 | €2,813 | €0 | -€2,813 | -100.0% |
| Stocks | 30/36 | €2,813 | €0 | -€2,813 | -100.0% |
| Amounts receivable within one year | 40/41 | €32,740 | €34,213 | +€1,473 | +4.5% |
| Trade receivables | 40 | €26,733 | €24,872 | -€1,862 | -7.0% |
| Other amounts receivable | 41 | €6,006 | €9,341 | +€3,335 | +55.5% |
| Cash at bank and in hand | 54/58 | €84,052 | €238,468 | +€154,416 | +183.7% |
| Deferred charges and accrued income | 490/1 | €885 | €800 | -€85 | -9.7% |
| Total equity and liabilities | 10/49 | €183,370 | €322,559 | +€139,189 | +75.9% |
| Equity | 10/15 | €75,434 | €9,071 | -€66,363 | -88.0% |
| Contributions | 10/11 | €9,000 | €9,000 | = | 0.0% |
| Reserves | 13 | €0 | - | = | |
| Distributable reserves | 133 | €0 | - | = | |
| Profit (loss) carried forward | 14 | €66,434 | €71 | -€66,363 | -99.9% |
| Amounts payable | 17/49 | €107,936 | €313,488 | +€205,552 | +190.4% |
| Amounts payable within one year | 42/48 | €107,936 | €313,488 | +€205,552 | +190.4% |
| Trade debts | 44 | €61,644 | €60,780 | -€864 | -1.4% |
| Suppliers | 440/4 | €61,644 | €60,780 | -€864 | -1.4% |
| Taxes, remuneration and social security | 45 | €22,185 | €68,826 | +€46,642 | +210.2% |
| Taxes | 450/3 | €18,447 | €64,879 | +€46,432 | +251.7% |
| Remuneration and social security | 454/9 | €3,738 | €3,947 | +€209 | +5.6% |
| Other amounts payable | 47/48 | €24,108 | €183,882 | +€159,774 | +662.8% |
| Remuneration, social security and pensions | 62 | €26,859 | €34,408 | +€7,549 | +28.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,555 | €13,801 | +€247 | +1.8% |
| Other operating charges | 640/8 | €6,676 | €0 | -€6,676 | -100.0% |
| Gross operating margin | 9900 | €118,068 | €227,360 | +€109,292 | +92.6% |
| Operating profit (loss) | 9901 | €70,978 | €179,150 | +€108,173 | +152.4% |
| Financial income | 75/76B | €116 | €0 | -€116 | -100.0% |
| Recurring financial income | 75 | €116 | €0 | -€116 | -100.0% |
| Financial charges | 65/66B | €139 | €181 | +€42 | +30.0% |
| Recurring financial charges | 65 | €139 | €181 | +€42 | +30.0% |
| Profit (loss) for the period before taxes | 9903 | €70,955 | €178,970 | +€108,015 | +152.2% |
| Income taxes | 67/77 | €18,447 | €46,432 | +€27,986 | +151.7% |
| Profit (loss) for the period | 9904 | €52,508 | €132,537 | +€80,029 | +152.4% |
| Profit (loss) for the period to be appropriated | 9905 | €52,508 | €132,537 | +€80,029 | +152.4% |
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 4 October 2026 via checked.be.