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.
INSPIRE
Largest movements
- Financial fixed assets +€30,000
new in 2025: €30,000
- Cash -€23,704
down €23,704 (-17.6%), from €134,711 to €111,007
mainly Investment in fixed assets (net) (-€30,000) and Debts after one year (-€8,800)
- Tangible fixed assets -€9,978
down €9,978 (-5.7%), from €174,263 to €164,285
of which Land and buildings: -€6,661
- Receivables within one year -€7,721
down €7,721 (-45.0%), from €17,159 to €9,438
of which Trade receivables: -€3,933
- Reserves -€20,000
down €20,000 (-20.1%), from €99,354 to €79,354
of which Distributable reserves: -€20,000
- Profit (loss) carried forward +€19,629
up €19,629 (+15.8%), from €124,331 to €143,960
- Debts after one year -€8,800
no longer reported in 2025 (was €8,800)
- Current portion of long-term debt -€4,322
down €4,322 (-32.9%), from €13,123 to €8,800
- Tax, wage and social debts +€3,575
up €3,575 (+135%), from €2,658 to €6,233
- Gross operating margin -€22,448
down €22,448 (-65.7%), from €34,154 to €11,706
- Taxes -€4,260
down €4,260 (-89.9%), from €4,736 to €476
- Depreciation -€1,156
down €1,156 (-10.4%), from €11,135 to €9,978
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 | €327,043 | €315,108 | -€11,934 | -3.6% |
| Fixed assets | 21/28 | €174,263 | €194,285 | +€20,022 | +11.5% |
| Tangible fixed assets | 22/27 | €174,263 | €164,285 | -€9,978 | -5.7% |
| Land and buildings | 22 | €165,344 | €158,684 | -€6,661 | -4.0% |
| Plant, machinery and equipment | 23 | €528 | - | -€528 | |
| Furniture and vehicles | 24 | €5,730 | €3,550 | -€2,181 | -38.1% |
| Other tangible fixed assets | 26 | €2,660 | €2,051 | -€609 | -22.9% |
| Financial fixed assets | 28 | - | €30,000 | +€30,000 | |
| Current assets | 29/58 | €152,780 | €120,824 | -€31,956 | -20.9% |
| Amounts receivable within one year | 40/41 | €17,159 | €9,438 | -€7,721 | -45.0% |
| Trade receivables | 40 | €13,371 | €9,438 | -€3,933 | -29.4% |
| Other amounts receivable | 41 | €3,789 | - | -€3,789 | |
| Cash at bank and in hand | 54/58 | €134,711 | €111,007 | -€23,704 | -17.6% |
| Deferred charges and accrued income | 490/1 | €910 | €379 | -€531 | -58.4% |
| Total equity and liabilities | 10/49 | €327,043 | €315,108 | -€11,934 | -3.6% |
| Equity | 10/15 | €242,285 | €241,914 | -€371 | -0.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €99,354 | €79,354 | -€20,000 | -20.1% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €97,494 | €77,494 | -€20,000 | -20.5% |
| Profit (loss) carried forward | 14 | €124,331 | €143,960 | +€19,629 | +15.8% |
| Amounts payable | 17/49 | €84,758 | €73,195 | -€11,563 | -13.6% |
| Amounts payable after more than one year | 17 | €8,800 | - | -€8,800 | |
| Financial debts | 170/4 | €8,800 | - | -€8,800 | |
| Amounts payable within one year | 42/48 | €75,958 | €73,195 | -€2,763 | -3.6% |
| Current portion of amounts payable after more than one year | 42 | €13,123 | €8,800 | -€4,322 | -32.9% |
| Trade debts | 44 | €2,755 | €658 | -€2,098 | -76.1% |
| Suppliers | 440/4 | €2,755 | €658 | -€2,098 | -76.1% |
| Taxes, remuneration and social security | 45 | €2,658 | €6,233 | +€3,575 | +135% |
| Taxes | 450/3 | €2,658 | €6,233 | +€3,575 | +135% |
| Other amounts payable | 47/48 | €57,422 | €57,504 | +€82 | +0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,135 | €9,978 | -€1,156 | -10.4% |
| Other operating charges | 640/8 | €1,367 | €1,350 | -€17 | -1.2% |
| Non-recurring operating charges | 66A | €223 | - | -€223 | |
| Gross operating margin | 9900 | €34,154 | €11,706 | -€22,448 | -65.7% |
| Operating profit (loss) | 9901 | €21,430 | €378 | -€21,053 | -98.2% |
| Financial income | 75/76B | €211 | - | -€211 | |
| Recurring financial income | 75 | €211 | - | -€211 | |
| Financial charges | 65/66B | €409 | €272 | -€136 | -33.3% |
| Recurring financial charges | 65 | €409 | €272 | -€136 | -33.3% |
| Profit (loss) for the period before taxes | 9903 | €21,233 | €105 | -€21,127 | -99.5% |
| Income taxes | 67/77 | €4,736 | €476 | -€4,260 | -89.9% |
| Profit (loss) for the period | 9904 | €16,496 | -€371 | -€16,868 | |
| Profit (loss) for the period to be appropriated | 9905 | €16,496 | -€371 | -€16,868 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.