ResPiRE Management: 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.
ResPiRE Management
Largest movements
- Tangible fixed assets +€240,000
new in 2025: €240,000
- Cash +€69,523
up €69,523 (+215%), from €32,411 to €101,935
mainly Contributions, distributions and other (+€240,000) and Net result for the year (+€48,549)
- Contributions +€240,000
up €240,000 (+4,800%), from €5,000 to €245,000
- Reserves +€101,953
up €101,953 (+307%), from €33,248 to €135,201
- Profit (loss) carried forward -€53,404
new in 2025: -€53,404
- Tax, wage and social debts +€17,795
up €17,795 (+577%), from €3,085 to €20,879
- Gross operating margin +€25,325
up €25,325 (+60.1%), from €42,171 to €67,496
- Taxes +€9,968
up €9,968 (+117%), from €8,508 to €18,476
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 | €42,163 | €351,686 | +€309,523 | +734% |
| Fixed assets | 21/28 | - | €240,000 | +€240,000 | |
| Tangible fixed assets | 22/27 | - | €240,000 | +€240,000 | |
| Other tangible fixed assets | 26 | - | €240,000 | +€240,000 | |
| Current assets | 29/58 | €42,163 | €111,686 | +€69,523 | +165% |
| Amounts receivable within one year | 40/41 | €9,752 | €9,752 | = | 0.0% |
| Trade receivables | 40 | €7,260 | €7,260 | = | 0.0% |
| Other amounts receivable | 41 | €2,492 | €2,492 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €32,411 | €101,935 | +€69,523 | +215% |
| Total equity and liabilities | 10/49 | €42,163 | €351,686 | +€309,523 | +734% |
| Equity | 10/15 | €38,248 | €326,797 | +€288,549 | +754% |
| Contributions | 10/11 | €5,000 | €245,000 | +€240,000 | +4,800% |
| Reserves | 13 | €33,248 | €135,201 | +€101,953 | +307% |
| Distributable reserves | 133 | €33,248 | €135,201 | +€101,953 | +307% |
| Profit (loss) carried forward | 14 | - | -€53,404 | -€53,404 | |
| Amounts payable | 17/49 | €3,915 | €24,889 | +€20,974 | +536% |
| Amounts payable within one year | 42/48 | €3,915 | €24,889 | +€20,974 | +536% |
| Trade debts | 44 | €787 | €3,877 | +€3,091 | +393% |
| Suppliers | 440/4 | €787 | €3,877 | +€3,091 | +393% |
| Taxes, remuneration and social security | 45 | €3,085 | €20,879 | +€17,795 | +577% |
| Taxes | 450/3 | €3,085 | €20,879 | +€17,795 | +577% |
| Other amounts payable | 47/48 | €44 | €133 | +€89 | +205% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €42,171 | €67,496 | +€25,325 | +60.1% |
| Operating profit (loss) | 9901 | €41,783 | €67,096 | +€25,313 | +60.6% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €27 | €71 | +€44 | +164% |
| Recurring financial charges | 65 | €27 | €71 | +€44 | +164% |
| Profit (loss) for the period before taxes | 9903 | €41,756 | €67,025 | +€25,269 | +60.5% |
| Income taxes | 67/77 | €8,508 | €18,476 | +€9,968 | +117% |
| Profit (loss) for the period | 9904 | €33,248 | €48,549 | +€15,301 | +46.0% |
| Profit (loss) for the period to be appropriated | 9905 | €33,248 | €48,549 | +€15,301 | +46.0% |
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 15 October 2026 via checked.be.