Spec IT: 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.
Spec IT
Largest movements
- Tangible fixed assets +€98,054
up €98,054 (+233.6%), from €41,969 to €140,023
of which Furniture and vehicles: +€98,516
- Cash -€74,759
down €74,759 (-81.1%), from €92,128 to €17,370
mainly Investment in fixed assets (net) (-€118,536) and Contributions, distributions and other (-€90,564)
- Debts after one year +€89,268
up €89,268 (+279.1%), from €31,982 to €121,250
of which Other amounts payable: +€75,526
- Reserves -€64,486
down €64,486 (-71.2%), from €90,564 to €26,078
- Current portion of long-term debt +€12,339
up €12,339 (+77.1%), from €16,004 to €28,342
- Tax, wage and social debts -€10,869
down €10,869 (-59.2%), from €18,359 to €7,490
of which Taxes: -€12,169
- Trade debts -€2,315
down €2,315 (-50.0%), from €4,635 to €2,319
- Gross operating margin +€5,497
up €5,497 (+10.9%), from €50,313 to €55,810
- Taxes -€4,745
down €4,745 (-47.1%), from €10,069 to €5,323
- Depreciation +€2,594
up €2,594 (+14.5%), from €17,889 to €20,483
- Financial charges +€1,264
up €1,264 (+219.1%), from €577 to €1,841
- Other operating charges +€612
up €612 (+188.8%), from €324 to €936
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 | €164,043 | €187,979 | +€23,936 | +14.6% |
| Fixed assets | 21/28 | €42,119 | €140,173 | +€98,054 | +232.8% |
| Tangible fixed assets | 22/27 | €41,969 | €140,023 | +€98,054 | +233.6% |
| Plant, machinery and equipment | 23 | €1,270 | €808 | -€462 | -36.4% |
| Furniture and vehicles | 24 | €40,699 | €139,215 | +€98,516 | +242.1% |
| Financial fixed assets | 28 | €150 | €150 | = | 0.0% |
| Current assets | 29/58 | €121,924 | €47,806 | -€74,118 | -60.8% |
| Amounts receivable within one year | 40/41 | €28,879 | €29,661 | +€782 | +2.7% |
| Trade receivables | 40 | €26,947 | €23,053 | -€3,894 | -14.5% |
| Other amounts receivable | 41 | €1,931 | €6,608 | +€4,677 | +242.2% |
| Cash at bank and in hand | 54/58 | €92,128 | €17,370 | -€74,759 | -81.1% |
| Deferred charges and accrued income | 490/1 | €918 | €776 | -€142 | -15.4% |
| Total equity and liabilities | 10/49 | €164,043 | €187,979 | +€23,936 | +14.6% |
| Equity | 10/15 | €93,064 | €28,578 | -€64,486 | -69.3% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €90,564 | €26,078 | -€64,486 | -71.2% |
| Distributable reserves | 133 | €90,564 | €26,078 | -€64,486 | -71.2% |
| Amounts payable | 17/49 | €70,979 | €159,401 | +€88,422 | +124.6% |
| Amounts payable after more than one year | 17 | €31,982 | €121,250 | +€89,268 | +279.1% |
| Financial debts | 170/4 | €21,586 | €35,328 | +€13,742 | +63.7% |
| Other amounts payable | 178/9 | €10,396 | €85,922 | +€75,526 | +726.5% |
| Amounts payable within one year | 42/48 | €38,997 | €38,151 | -€846 | -2.2% |
| Current portion of amounts payable after more than one year | 42 | €16,004 | €28,342 | +€12,339 | +77.1% |
| Trade debts | 44 | €4,635 | €2,319 | -€2,315 | -50.0% |
| Suppliers | 440/4 | €4,635 | €2,319 | -€2,315 | -50.0% |
| Taxes, remuneration and social security | 45 | €18,359 | €7,490 | -€10,869 | -59.2% |
| Taxes | 450/3 | €18,359 | €6,190 | -€12,169 | -66.3% |
| Remuneration and social security | 454/9 | - | €1,300 | +€1,300 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,889 | €20,483 | +€2,594 | +14.5% |
| Other operating charges | 640/8 | €324 | €936 | +€612 | +188.8% |
| Non-recurring operating charges | 66A | - | €1,150 | +€1,150 | |
| Gross operating margin | 9900 | €50,313 | €55,810 | +€5,497 | +10.9% |
| Operating profit (loss) | 9901 | €32,100 | €33,242 | +€1,142 | +3.6% |
| Financial income | 75/76B | €291 | - | -€291 | |
| Recurring financial income | 75 | €291 | - | -€291 | |
| Financial charges | 65/66B | €577 | €1,841 | +€1,264 | +219.1% |
| Recurring financial charges | 65 | €577 | €1,841 | +€1,264 | +219.1% |
| Profit (loss) for the period before taxes | 9903 | €31,815 | €31,401 | -€413 | -1.3% |
| Income taxes | 67/77 | €10,069 | €5,323 | -€4,745 | -47.1% |
| Profit (loss) for the period | 9904 | €21,746 | €26,078 | +€4,332 | +19.9% |
| Profit (loss) for the period to be appropriated | 9905 | €21,746 | €26,078 | +€4,332 | +19.9% |
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 11 October 2026 via checked.be.