Spear Power Systems BV: what changed
Spear Power Systems BV
Largest movements
- Receivables within one year +€34,254
up €34,254 (+7.4%), from €461,537 to €495,791
of which Other amounts receivable: +€111,360
- Cash -€25,616
down €25,616 (-10.8%), from €238,073 to €212,457
mainly Net result for the year (-€1.2m) and Accrued charges and deferred income (-€985,835)
- Other debts +€2.2m
up €2.2m (+83.4%), from €2.6m to €4.8m
- Profit (loss) carried forward -€1.2m
down €1.2m (-40.5%), from -€2.9m to -€4.1m
- Accrued charges and deferred income -€985,835
down €985,835 (-100%), from €985,835 to €0
- Trade debts -€10,323
down €10,323 (-76.8%), from €13,436 to €3,114
- Other operating charges -€391,476
down €391,476 (-99.3%), from €394,092 to €2,615
- Financial income +€283,663
up €283,663 (+64,610%), from €439 to €284,102
- Financial charges +€80,738
up €80,738 (+44.3%), from €182,214 to €262,952
- Gross operating margin +€15,809
up €15,809, from -€12,442 to €3,367
- Depreciation -€5,027
down €5,027 (-100%), from €5,027 to €0
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €709,836 | €711,599 | +€1,763 | +0.2% |
| Fixed assets | 21/28 | €7,651 | €3,041 | -€4,609 | -60.2% |
| Intangible fixed assets | 21 | €2,675 | €0 | -€2,675 | -100% |
| Tangible fixed assets | 22/27 | €1,935 | €0 | -€1,935 | -100% |
| Plant, machinery and equipment | 23 | €1,935 | €0 | -€1,935 | -100% |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Financial fixed assets | 28 | €3,041 | €3,041 | = | 0.0% |
| Current assets | 29/58 | €702,185 | €708,557 | +€6,372 | +0.9% |
| Amounts receivable within one year | 40/41 | €461,537 | €495,791 | +€34,254 | +7.4% |
| Trade receivables | 40 | €314,744 | €237,639 | -€77,106 | -24.5% |
| Other amounts receivable | 41 | €146,793 | €258,153 | +€111,360 | +75.9% |
| Cash at bank and in hand | 54/58 | €238,073 | €212,457 | -€25,616 | -10.8% |
| Deferred charges and accrued income | 490/1 | €2,575 | €309 | -€2,266 | -88.0% |
| Total equity and liabilities | 10/49 | €709,836 | €711,599 | +€1,763 | +0.2% |
| Equity | 10/15 | -€2,891,306 | -€4,063,737 | -€1.2m | -40.6% |
| Contributions | 10/11 | €4,750 | €4,750 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,896,056 | -€4,068,487 | -€1.2m | -40.5% |
| Amounts payable | 17/49 | €3,601,142 | €4,775,336 | +€1.2m | +32.6% |
| Amounts payable within one year | 42/48 | €2,615,307 | €4,775,336 | +€2.2m | +82.6% |
| Trade debts | 44 | €13,436 | €3,114 | -€10,323 | -76.8% |
| Suppliers | 440/4 | €13,436 | €3,114 | -€10,323 | -76.8% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €2,601,870 | €4,772,222 | +€2.2m | +83.4% |
| Accrued charges and deferred income | 492/3 | €985,835 | €0 | -€985,835 | -100% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | -€360 | €0 | +€360 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,027 | €0 | -€5,027 | -100% |
| Other operating charges | 640/8 | €394,092 | €2,615 | -€391,476 | -99.3% |
| Non-recurring operating charges | 66A | €1,002,435 | €1,194,333 | +€191,898 | +19.1% |
| Gross operating margin | 9900 | -€12,442 | €3,367 | +€15,809 | |
| Operating profit (loss) | 9901 | -€1,413,635 | -€1,193,581 | +€220,054 | +15.6% |
| Financial income | 75/76B | €439 | €284,102 | +€283,663 | +64,610% |
| Recurring financial income | 75 | €439 | €284,102 | +€283,663 | +64,610% |
| Financial charges | 65/66B | €182,214 | €262,952 | +€80,738 | +44.3% |
| Recurring financial charges | 65 | €182,214 | €262,952 | +€80,738 | +44.3% |
| Profit (loss) for the period before taxes | 9903 | -€1,595,410 | -€1,172,431 | +€422,979 | +26.5% |
| Income taxes | 67/77 | -€1,094 | €0 | +€1,094 | |
| Profit (loss) for the period | 9904 | -€1,594,316 | -€1,172,431 | +€421,885 | +26.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,594,316 | -€1,172,431 | +€421,885 | +26.5% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.