LESPIRE: 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.
LESPIRE
Largest movements
- Cash +€74,515
new in 2025: €74,515
mainly Receivables within one year (+€65,192) and Other debts (+€64,290)
- Receivables within one year -€65,192
down €65,192 (-30.6%), from €212,808 to €147,616
of which Trade receivables: -€45,785
- Tangible fixed assets -€19,718
down €19,718 (-31.0%), from €63,699 to €43,981
of which Land and buildings: -€15,790
- Deferred charges and accrued income +€3,626
up €3,626 (+172%), from €2,105 to €5,731
- Other debts +€64,290
up €64,290 (+472%), from €13,613 to €77,903
- Current portion of long-term debt -€22,899
down €22,899 (-93.1%), from €24,604 to €1,705
- Profit (loss) carried forward -€19,168
down €19,168 (-22.4%), from €85,529 to €66,361
- Short-term financial debts -€16,116
no longer reported in 2025 (was €16,116)
- Trade debts -€14,019
down €14,019 (-26.9%), from €52,144 to €38,125
- Gross operating margin +€71,537
up €71,537 (+36.4%), from €196,626 to €268,163
- Staff costs +€28,522
up €28,522 (+23.8%), from €119,876 to €148,398
- Taxes +€6,510
up €6,510 (+38.2%), from €17,047 to €23,558
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 | €283,159 | €274,952 | -€8,207 | -2.9% |
| Fixed assets | 21/28 | €68,247 | €47,090 | -€21,157 | -31.0% |
| Intangible fixed assets | 21 | €4,548 | €3,109 | -€1,439 | -31.6% |
| Tangible fixed assets | 22/27 | €63,699 | €43,981 | -€19,718 | -31.0% |
| Land and buildings | 22 | €31,579 | €15,789 | -€15,790 | -50.0% |
| Plant, machinery and equipment | 23 | €18,000 | €15,889 | -€2,111 | -11.7% |
| Furniture and vehicles | 24 | €14,120 | €12,302 | -€1,817 | -12.9% |
| Current assets | 29/58 | €214,912 | €227,862 | +€12,949 | +6.0% |
| Amounts receivable within one year | 40/41 | €212,808 | €147,616 | -€65,192 | -30.6% |
| Trade receivables | 40 | €94,572 | €48,787 | -€45,785 | -48.4% |
| Other amounts receivable | 41 | €118,236 | €98,829 | -€19,407 | -16.4% |
| Cash at bank and in hand | 54/58 | - | €74,515 | +€74,515 | |
| Deferred charges and accrued income | 490/1 | €2,105 | €5,731 | +€3,626 | +172% |
| Total equity and liabilities | 10/49 | €283,159 | €274,952 | -€8,207 | -2.9% |
| Equity | 10/15 | €107,529 | €88,361 | -€19,168 | -17.8% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €2,000 | €2,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €85,529 | €66,361 | -€19,168 | -22.4% |
| Amounts payable | 17/49 | €175,630 | €186,591 | +€10,961 | +6.2% |
| Amounts payable after more than one year | 17 | €1,705 | - | -€1,705 | |
| Financial debts | 170/4 | €1,705 | - | -€1,705 | |
| Amounts payable within one year | 42/48 | €173,925 | €184,887 | +€10,963 | +6.3% |
| Current portion of amounts payable after more than one year | 42 | €24,604 | €1,705 | -€22,899 | -93.1% |
| Financial debts | 43 | €16,116 | - | -€16,116 | |
| Other loans | 439 | €16,116 | - | -€16,116 | |
| Trade debts | 44 | €52,144 | €38,125 | -€14,019 | -26.9% |
| Suppliers | 440/4 | €52,144 | €38,125 | -€14,019 | -26.9% |
| Taxes, remuneration and social security | 45 | €67,447 | €67,154 | -€293 | -0.4% |
| Taxes | 450/3 | €43,492 | €45,751 | +€2,259 | +5.2% |
| Remuneration and social security | 454/9 | €23,954 | €21,403 | -€2,551 | -10.7% |
| Other amounts payable | 47/48 | €13,613 | €77,903 | +€64,290 | +472% |
| Accrued charges and deferred income | 492/3 | - | €1,704 | +€1,704 | |
| Remuneration, social security and pensions | 62 | €119,876 | €148,398 | +€28,522 | +23.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,123 | €25,280 | -€843 | -3.2% |
| Other operating charges | 640/8 | €4,408 | €4,423 | +€15 | +0.3% |
| Non-recurring operating charges | 66A | - | €19,417 | +€19,417 | |
| Gross operating margin | 9900 | €196,626 | €268,163 | +€71,537 | +36.4% |
| Operating profit (loss) | 9901 | €46,219 | €70,645 | +€24,426 | +52.8% |
| Financial income | 75/76B | €39 | €3 | -€35 | -91.3% |
| Recurring financial income | 75 | €39 | €3 | -€35 | -91.3% |
| Financial charges | 65/66B | €7,931 | €6,258 | -€1,672 | -21.1% |
| Recurring financial charges | 65 | €7,739 | €6,258 | -€1,480 | -19.1% |
| Non-recurring financial charges | 66B | €192 | - | -€192 | |
| Profit (loss) for the period before taxes | 9903 | €38,327 | €64,389 | +€26,063 | +68.0% |
| Income taxes | 67/77 | €17,047 | €23,558 | +€6,510 | +38.2% |
| Profit (loss) for the period | 9904 | €21,279 | €40,832 | +€19,552 | +91.9% |
| Profit (loss) for the period to be appropriated | 9905 | €21,279 | €40,832 | +€19,552 | +91.9% |
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 13 October 2026 via checked.be.