A. SPIRA: 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.
A. SPIRA
Largest movements
- Cash +€472,618
up €472,618 (+206.2%), from €229,166 to €701,784
mainly Receivables within one year (+€173,719) and Stocks and contracts (+€168,766)
- Receivables within one year -€173,719
down €173,719 (-25.0%), from €695,400 to €521,681
of which Other amounts receivable: -€182,345
- Stocks and contracts -€168,766
down €168,766 (-16.7%), from €1.0m to €839,848
- Profit (loss) carried forward +€133,559
no longer reported in 2025 (was -€133,559)
- Gross operating margin +€248,139
up €248,139 (+1033.8%), from €24,002 to €272,142
- Taxes -€70,126
down €70,126 (-99.9%), from €70,209 to €82
- Financial charges +€61,994
up €61,994 (+3453.3%), from €1,795 to €63,789
- Financial income +€19,431
up €19,431 (+13643.3%), from €142 to €19,573
- Staff costs +€6,713
up €6,713 (+7.9%), from €85,217 to €91,930
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 | €1,933,999 | €2,064,133 | +€130,133 | +6.7% |
| Fixed assets | 21/28 | €819 | €819 | = | 0.0% |
| Financial fixed assets | 28 | €819 | €819 | = | 0.0% |
| Current assets | 29/58 | €1,933,180 | €2,063,314 | +€130,133 | +6.7% |
| Stocks and contracts in progress | 3 | €1,008,614 | €839,848 | -€168,766 | -16.7% |
| Stocks | 30/36 | €1,008,614 | €839,848 | -€168,766 | -16.7% |
| Amounts receivable within one year | 40/41 | €695,400 | €521,681 | -€173,719 | -25.0% |
| Trade receivables | 40 | - | €8,627 | +€8,627 | |
| Other amounts receivable | 41 | €695,400 | €513,054 | -€182,345 | -26.2% |
| Cash at bank and in hand | 54/58 | €229,166 | €701,784 | +€472,618 | +206.2% |
| Total equity and liabilities | 10/49 | €1,933,999 | €2,064,133 | +€130,133 | +6.7% |
| Equity | 10/15 | €1,911,904 | €2,046,184 | +€134,280 | +7.0% |
| Contributions | 10/11 | €24,789 | €24,789 | = | 0.0% |
| Reserves | 13 | €2,020,674 | €2,021,395 | +€721 | 0.0% |
| Non-distributable reserves | 130/1 | €2,479 | €2,479 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,479 | €2,479 | = | 0.0% |
| Distributable reserves | 133 | €2,018,195 | €2,018,916 | +€721 | 0.0% |
| Profit (loss) carried forward | 14 | -€133,559 | - | +€133,559 | |
| Amounts payable | 17/49 | €22,096 | €17,949 | -€4,147 | -18.8% |
| Amounts payable within one year | 42/48 | €22,096 | €17,949 | -€4,147 | -18.8% |
| Trade debts | 44 | €109 | €3,477 | +€3,368 | +3079.7% |
| Suppliers | 440/4 | €109 | €3,477 | +€3,368 | +3079.7% |
| Taxes, remuneration and social security | 45 | €21,986 | €14,472 | -€7,515 | -34.2% |
| Taxes | 450/3 | €11,556 | €10,839 | -€717 | -6.2% |
| Remuneration and social security | 454/9 | €10,431 | €3,633 | -€6,798 | -65.2% |
| Remuneration, social security and pensions | 62 | €85,217 | €91,930 | +€6,713 | +7.9% |
| Other operating charges | 640/8 | €483 | €1,632 | +€1,149 | +238.0% |
| Gross operating margin | 9900 | €24,002 | €272,142 | +€248,139 | +1033.8% |
| Operating profit (loss) | 9901 | -€61,698 | €178,579 | +€240,277 | |
| Financial income | 75/76B | €142 | €19,573 | +€19,431 | +13643.3% |
| Recurring financial income | 75 | €142 | €19,573 | +€19,431 | +13643.3% |
| Financial charges | 65/66B | €1,795 | €63,789 | +€61,994 | +3453.3% |
| Recurring financial charges | 65 | €1,795 | €63,789 | +€61,994 | +3453.3% |
| Profit (loss) for the period before taxes | 9903 | -€63,351 | €134,363 | +€197,713 | |
| Income taxes | 67/77 | €70,209 | €82 | -€70,126 | -99.9% |
| Profit (loss) for the period | 9904 | -€133,559 | €134,280 | +€267,840 | |
| Profit (loss) for the period to be appropriated | 9905 | -€133,559 | €134,280 | +€267,840 |
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.