INSIDE SPIRIT: 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.
INSIDE SPIRIT
Largest movements
- Receivables within one year +€5,556
up €5,556 (+1,473%), from €377 to €5,934
of which Other amounts receivable: +€3,093
- Tangible fixed assets +€1,446
up €1,446 (+172%), from €841 to €2,287
- Cash +€759
up €759 (+63.2%), from €1,202 to €1,961
mainly Trade debts (+€19,099) and Other debts (+€11,918)
- Profit (loss) carried forward -€19,648
down €19,648 (-12.4%), from -€158,483 to -€178,131
- Trade debts +€19,099
up €19,099 (+126%), from €15,191 to €34,290
- Other debts +€11,918
up €11,918 (+12.3%), from €96,575 to €108,493
- Tax, wage and social debts -€3,546
down €3,546 (-37.4%), from €9,470 to €5,925
- Gross operating margin -€3,882
down €3,882 (-30.9%), from -€12,554 to -€16,436
- Other operating charges -€741
down €741 (-54.8%), from €1,353 to €612
- Financial charges +€663
up €663 (+97.8%), from €679 to €1,342
- Depreciation -€367
down €367 (-22.6%), from €1,625 to €1,258
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 | €3,205 | €11,028 | +€7,823 | +244% |
| Fixed assets | 21/28 | €841 | €2,287 | +€1,446 | +172% |
| Tangible fixed assets | 22/27 | €841 | €2,287 | +€1,446 | +172% |
| Furniture and vehicles | 24 | €841 | €2,287 | +€1,446 | +172% |
| Current assets | 29/58 | €2,364 | €8,741 | +€6,377 | +270% |
| Amounts receivable within one year | 40/41 | €377 | €5,934 | +€5,556 | +1,473% |
| Trade receivables | 40 | €377 | €2,841 | +€2,464 | +653% |
| Other amounts receivable | 41 | - | €3,093 | +€3,093 | |
| Cash at bank and in hand | 54/58 | €1,202 | €1,961 | +€759 | +63.2% |
| Deferred charges and accrued income | 490/1 | €785 | €846 | +€61 | +7.8% |
| Total equity and liabilities | 10/49 | €3,205 | €11,028 | +€7,823 | +244% |
| Equity | 10/15 | -€118,032 | -€137,680 | -€19,648 | -16.6% |
| Contributions | 10/11 | €38,592 | €38,592 | = | 0.0% |
| Contributions outside capital | 11 | €38,592 | €38,592 | = | 0.0% |
| Other | 1109/19 | €38,592 | €38,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€158,483 | -€178,131 | -€19,648 | -12.4% |
| Amounts payable | 17/49 | €121,236 | €148,707 | +€27,471 | +22.7% |
| Amounts payable within one year | 42/48 | €121,236 | €148,707 | +€27,471 | +22.7% |
| Trade debts | 44 | €15,191 | €34,290 | +€19,099 | +126% |
| Suppliers | 440/4 | €15,191 | €34,290 | +€19,099 | +126% |
| Taxes, remuneration and social security | 45 | €9,470 | €5,925 | -€3,546 | -37.4% |
| Taxes | 450/3 | €9,470 | €5,925 | -€3,546 | -37.4% |
| Other amounts payable | 47/48 | €96,575 | €108,493 | +€11,918 | +12.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,625 | €1,258 | -€367 | -22.6% |
| Other operating charges | 640/8 | €1,353 | €612 | -€741 | -54.8% |
| Gross operating margin | 9900 | -€12,554 | -€16,436 | -€3,882 | -30.9% |
| Operating profit (loss) | 9901 | -€15,531 | -€18,306 | -€2,775 | -17.9% |
| Financial charges | 65/66B | €679 | €1,342 | +€663 | +97.8% |
| Recurring financial charges | 65 | €679 | €1,342 | +€663 | +97.8% |
| Profit (loss) for the period before taxes | 9903 | -€16,210 | -€19,648 | -€3,438 | -21.2% |
| Profit (loss) for the period | 9904 | -€16,210 | -€19,648 | -€3,438 | -21.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€16,210 | -€19,648 | -€3,438 | -21.2% |
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 21 October 2026 via checked.be.