ETABLISSEMENTS SPIRLET: 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.
ETABLISSEMENTS SPIRLET
Largest movements
- Tangible fixed assets -€523,691
down €523,691 (-57.0%), from €918,937 to €395,246
of which Plant, machinery and equipment: -€776,738
- Stocks and contracts -€421,995
down €421,995 (-74.6%), from €565,824 to €143,829
- Receivables within one year -€321,786
down €321,786 (-25.7%), from €1.3m to €931,916
of which Other amounts receivable: -€195,107
- Cash -€105,050
down €105,050 (-17.7%), from €593,882 to €488,832
mainly Trade debts (-€1.3m) and Net result for the year (-€55,213)
- Trade debts -€1.3m
down €1.3m (-68.8%), from €1.9m to €577,217
- Profit (loss) carried forward -€95,212
down €95,212 (-9.4%), from €1.0m to €914,414
- Staff costs +€138,355
up €138,355 (+55.2%), from €250,472 to €388,827
- Depreciation -€128,900
down €128,900 (-58.1%), from €222,044 to €93,144
- Gross operating margin -€81,456
down €81,456 (-14.0%), from €580,173 to €498,717
- Provisions +€10,178
up €10,178, from -€4,794 to €5,384
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 | €3,408,099 | €2,035,577 | -€1.4m | -40.3% |
| Fixed assets | 21/28 | €994,691 | €471,000 | -€523,691 | -52.6% |
| Tangible fixed assets | 22/27 | €918,937 | €395,246 | -€523,691 | -57.0% |
| Land and buildings | 22 | €142,199 | €126,434 | -€15,765 | -11.1% |
| Plant, machinery and equipment | 23 | €776,738 | - | -€776,738 | |
| Furniture and vehicles | 24 | - | €268,812 | +€268,812 | |
| Financial fixed assets | 28 | €75,754 | €75,754 | +€0 | 0.0% |
| Current assets | 29/58 | €2,413,408 | €1,564,577 | -€848,831 | -35.2% |
| Stocks and contracts in progress | 3 | €565,824 | €143,829 | -€421,995 | -74.6% |
| Stocks | 30/36 | €565,824 | €143,829 | -€421,995 | -74.6% |
| Amounts receivable within one year | 40/41 | €1,253,702 | €931,916 | -€321,786 | -25.7% |
| Trade receivables | 40 | €908,028 | €781,348 | -€126,680 | -14.0% |
| Other amounts receivable | 41 | €345,674 | €150,567 | -€195,107 | -56.4% |
| Cash at bank and in hand | 54/58 | €593,882 | €488,832 | -€105,050 | -17.7% |
| Total equity and liabilities | 10/49 | €3,408,099 | €2,035,577 | -€1.4m | -40.3% |
| Equity | 10/15 | €1,422,657 | €1,327,445 | -€95,212 | -6.7% |
| Contributions | 10/11 | €247,893 | €247,894 | +€1 | 0.0% |
| Capital | 10 | €247,893 | €247,894 | +€1 | 0.0% |
| Issued capital | 100 | €247,893 | €247,894 | +€1 | 0.0% |
| Reserves | 13 | €165,138 | €165,138 | -€0 | 0.0% |
| Non-distributable reserves | 130/1 | €38,309 | €38,309 | -€0 | 0.0% |
| Legal reserve | 130 | €36,069 | €36,069 | -€0 | 0.0% |
| Own shares acquired | 1312 | €2,240 | €2,240 | = | 0.0% |
| Tax-exempt reserves | 132 | €37,500 | €37,500 | = | 0.0% |
| Distributable reserves | 133 | €89,329 | €89,329 | +€0 | 0.0% |
| Profit (loss) carried forward | 14 | €1,009,626 | €914,414 | -€95,212 | -9.4% |
| Amounts payable | 17/49 | €1,985,442 | €708,131 | -€1.3m | -64.3% |
| Amounts payable within one year | 42/48 | €1,985,227 | €708,131 | -€1.3m | -64.3% |
| Trade debts | 44 | €1,851,313 | €577,217 | -€1.3m | -68.8% |
| Suppliers | 440/4 | €1,851,313 | €577,217 | -€1.3m | -68.8% |
| Taxes, remuneration and social security | 45 | €93,914 | €90,914 | -€3,000 | -3.2% |
| Taxes | 450/3 | €38,341 | €24,995 | -€13,346 | -34.8% |
| Remuneration and social security | 454/9 | €55,573 | €65,919 | +€10,346 | +18.6% |
| Other amounts payable | 47/48 | €40,000 | €40,000 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €215 | - | -€215 | |
| Remuneration, social security and pensions | 62 | €250,472 | €388,827 | +€138,355 | +55.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €222,044 | €93,144 | -€128,900 | -58.1% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€4,794 | €5,384 | +€10,178 | |
| Other operating charges | 640/8 | €63,170 | €62,828 | -€342 | -0.5% |
| Gross operating margin | 9900 | €580,173 | €498,717 | -€81,456 | -14.0% |
| Operating profit (loss) | 9901 | €49,281 | -€51,467 | -€100,748 | |
| Financial income | 75/76B | - | €3,851 | +€3,851 | |
| Recurring financial income | 75 | - | €3,851 | +€3,851 | |
| Financial charges | 65/66B | €6,337 | €2,799 | -€3,538 | -55.8% |
| Recurring financial charges | 65 | €6,337 | €2,799 | -€3,538 | -55.8% |
| Profit (loss) for the period before taxes | 9903 | €42,944 | -€50,414 | -€93,358 | |
| Income taxes | 67/77 | - | €4,798 | +€4,798 | |
| Profit (loss) for the period | 9904 | €42,944 | -€55,213 | -€98,157 | |
| Profit (loss) for the period to be appropriated | 9905 | €42,944 | -€55,213 | -€98,157 |
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 26 October 2026 via checked.be.