N-Spired: 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.
N-Spired
Largest movements
- Receivables after one year -€271,668
no longer reported in 2025 (was €271,668)
- Cash +€138,001
up €138,001 (+85.7%), from €161,076 to €299,077
mainly Receivables after one year (+€271,668) and Net result for the year (+€153,311)
- Receivables within one year +€19,667
up €19,667 (+101.6%), from €19,360 to €39,027
- Deferred charges and accrued income -€16,045
down €16,045 (-80.9%), from €19,829 to €3,783
- Current investments -€8,000
down €8,000 (-2.8%), from €283,910 to €275,910
- Other debts -€85,953
down €85,953 (-55.3%), from €155,470 to €69,517
- Reserves -€75,746
down €75,746 (-14.0%), from €540,004 to €464,258
- Tax, wage and social debts +€22,785
up €22,785 (+41.3%), from €55,113 to €77,898
- Gross operating margin +€80,030
up €80,030 (+55.9%), from €143,293 to €223,324
- Taxes +€22,880
up €22,880 (+51.6%), from €44,366 to €67,246
- Depreciation -€5,813
down €5,813 (-89.6%), from €6,488 to €675
- Financial income -€3,910
down €3,910 (-100.0%), from €3,910 to €0
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 | €758,140 | €619,418 | -€138,721 | -18.3% |
| Fixed assets | 21/28 | €2,296 | €1,621 | -€675 | -29.4% |
| Tangible fixed assets | 22/27 | €2,296 | €1,621 | -€675 | -29.4% |
| Furniture and vehicles | 24 | €2,296 | €1,621 | -€675 | -29.4% |
| Current assets | 29/58 | €755,843 | €617,797 | -€138,046 | -18.3% |
| Amounts receivable after more than one year | 29 | €271,668 | - | -€271,668 | |
| Other amounts receivable | 291 | €271,668 | - | -€271,668 | |
| Amounts receivable within one year | 40/41 | €19,360 | €39,027 | +€19,667 | +101.6% |
| Trade receivables | 40 | €19,360 | €39,027 | +€19,667 | +101.6% |
| Current investments | 50/53 | €283,910 | €275,910 | -€8,000 | -2.8% |
| Cash at bank and in hand | 54/58 | €161,076 | €299,077 | +€138,001 | +85.7% |
| Deferred charges and accrued income | 490/1 | €19,829 | €3,783 | -€16,045 | -80.9% |
| Total equity and liabilities | 10/49 | €758,140 | €619,418 | -€138,721 | -18.3% |
| Equity | 10/15 | €546,205 | €470,459 | -€75,746 | -13.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €540,004 | €464,258 | -€75,746 | -14.0% |
| Distributable reserves | 133 | €540,004 | €464,258 | -€75,746 | -14.0% |
| Profit (loss) carried forward | 14 | €1 | €1 | = | 0.0% |
| Amounts payable | 17/49 | €211,934 | €148,959 | -€62,975 | -29.7% |
| Amounts payable within one year | 42/48 | €211,934 | €148,959 | -€62,975 | -29.7% |
| Trade debts | 44 | €1,352 | €1,544 | +€193 | +14.2% |
| Suppliers | 440/4 | €1,352 | €1,544 | +€193 | +14.2% |
| Taxes, remuneration and social security | 45 | €55,113 | €77,898 | +€22,785 | +41.3% |
| Taxes | 450/3 | €55,113 | €77,898 | +€22,785 | +41.3% |
| Other amounts payable | 47/48 | €155,470 | €69,517 | -€85,953 | -55.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,488 | €675 | -€5,813 | -89.6% |
| Other operating charges | 640/8 | €1,087 | €1,889 | +€802 | +73.8% |
| Gross operating margin | 9900 | €143,293 | €223,324 | +€80,030 | +55.9% |
| Operating profit (loss) | 9901 | €135,718 | €220,759 | +€85,041 | +62.7% |
| Financial income | 75/76B | €3,910 | €0 | -€3,910 | -100.0% |
| Recurring financial income | 75 | €3,910 | €0 | -€3,910 | -100.0% |
| Financial charges | 65/66B | €199 | €201 | +€2 | +1.1% |
| Recurring financial charges | 65 | €199 | €201 | +€2 | +1.1% |
| Profit (loss) for the period before taxes | 9903 | €139,429 | €220,558 | +€81,129 | +58.2% |
| Income taxes | 67/77 | €44,366 | €67,246 | +€22,880 | +51.6% |
| Profit (loss) for the period | 9904 | €95,063 | €153,311 | +€58,248 | +61.3% |
| Profit (loss) for the period to be appropriated | 9905 | €95,063 | €153,311 | +€58,248 | +61.3% |
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 30 September 2026 via checked.be.