SPECTEUR: 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.
SPECTEUR
Largest movements
- Receivables within one year +€24,127
up €24,127 (+133%), from €18,202 to €42,329
of which Trade receivables: +€21,711
- Cash -€6,612
down €6,612 (-93.9%), from €7,040 to €428
mainly Receivables within one year (-€24,127) and Tax, wage and social debts (-€863)
- Tangible fixed assets -€4,781
down €4,781 (-28.4%), from €16,821 to €12,039
- Deferred charges and accrued income -€1,000
no longer reported in 2025 (was €1,000)
- Profit (loss) carried forward +€4,768
up €4,768 (+100%), from €4,765 to €9,533
- Trade debts +€4,416
up €4,416 (+32.3%), from €13,692 to €18,108
- Other debts +€3,413
up €3,413 (+16.9%), from €20,232 to €23,645
- Tax, wage and social debts -€863
down €863 (-36.4%), from €2,374 to €1,511
- Gross operating margin +€4,893
up €4,893 (+98.0%), from €4,995 to €9,888
- Depreciation -€3,430
down €3,430 (-41.8%), from €8,212 to €4,781
- Financial income +€1,193
up €1,193 (+44,032%), from €3 to €1,196
of which Non-recurring financial income: +€1,195
- Write-downs +€608
new in 2025: €608
- Other operating charges -€439
no longer reported in 2025 (was €439)
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 | €43,063 | €54,796 | +€11,733 | +27.2% |
| Fixed assets | 21/28 | €16,821 | €12,039 | -€4,781 | -28.4% |
| Tangible fixed assets | 22/27 | €16,821 | €12,039 | -€4,781 | -28.4% |
| Furniture and vehicles | 24 | €16,821 | €12,039 | -€4,781 | -28.4% |
| Current assets | 29/58 | €26,242 | €42,757 | +€16,515 | +62.9% |
| Amounts receivable within one year | 40/41 | €18,202 | €42,329 | +€24,127 | +133% |
| Trade receivables | 40 | €18,202 | €39,913 | +€21,711 | +119% |
| Other amounts receivable | 41 | - | €2,416 | +€2,416 | |
| Cash at bank and in hand | 54/58 | €7,040 | €428 | -€6,612 | -93.9% |
| Deferred charges and accrued income | 490/1 | €1,000 | - | -€1,000 | |
| Total equity and liabilities | 10/49 | €43,063 | €54,796 | +€11,733 | +27.2% |
| Equity | 10/15 | €6,765 | €11,533 | +€4,768 | +70.5% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,765 | €9,533 | +€4,768 | +100% |
| Amounts payable | 17/49 | €36,298 | €43,264 | +€6,966 | +19.2% |
| Amounts payable within one year | 42/48 | €36,298 | €43,264 | +€6,966 | +19.2% |
| Trade debts | 44 | €13,692 | €18,108 | +€4,416 | +32.3% |
| Suppliers | 440/4 | €13,692 | €18,108 | +€4,416 | +32.3% |
| Taxes, remuneration and social security | 45 | €2,374 | €1,511 | -€863 | -36.4% |
| Taxes | 450/3 | €2,374 | €1,511 | -€863 | -36.4% |
| Other amounts payable | 47/48 | €20,232 | €23,645 | +€3,413 | +16.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,212 | €4,781 | -€3,430 | -41.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €608 | +€608 | |
| Other operating charges | 640/8 | €439 | - | -€439 | |
| Non-recurring operating charges | 66A | €1 | - | -€1 | |
| Gross operating margin | 9900 | €4,995 | €9,888 | +€4,893 | +98.0% |
| Operating profit (loss) | 9901 | -€3,656 | €4,498 | +€8,155 | |
| Financial income | 75/76B | €3 | €1,196 | +€1,193 | +44,032% |
| Recurring financial income | 75 | €2 | €0 | -€2 | -99.0% |
| Non-recurring financial income | 76B | €1 | €1,196 | +€1,195 | +186,770% |
| Financial charges | 65/66B | €84 | €66 | -€18 | -21.4% |
| Recurring financial charges | 65 | €84 | €66 | -€18 | -21.4% |
| Profit (loss) for the period before taxes | 9903 | -€3,738 | €5,628 | +€9,366 | |
| Income taxes | 67/77 | €788 | €861 | +€73 | +9.3% |
| Profit (loss) for the period | 9904 | -€4,525 | €4,768 | +€9,293 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,525 | €4,768 | +€9,293 |
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 22 October 2026 via checked.be.