Specto.be: 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.
Specto.be
Largest movements
- Cash +€72,795
up €72,795 (+325.5%), from €22,362 to €95,157
mainly Other debts (+€138,565) and Net result for the year (+€37,189)
- Tangible fixed assets -€43,133
down €43,133 (-94.9%), from €45,435 to €2,302
of which Furniture and vehicles: -€42,854
- Financial fixed assets +€10,000
up €10,000 (+18.9%), from €52,844 to €62,844
- Receivables within one year -€8,891
down €8,891 (-13.7%), from €64,961 to €56,070
of which Trade receivables: -€13,174
- Deferred charges and accrued income +€3,105
up €3,105 (+1094.6%), from €284 to €3,389
- Other debts +€138,565
new in 2025: €138,565
- Reserves -€138,199
down €138,199 (-98.7%), from €140,059 to €1,860
of which Distributable reserves: -€138,199
- Profit (loss) carried forward +€37,189
up €37,189, from -€23,528 to €13,661
- Debts after one year -€12,034
down €12,034 (-85.4%), from €14,084 to €2,050
- Tax, wage and social debts +€5,738
up €5,738 (+26.5%), from €21,672 to €27,410
- Gross operating margin -€33,850
down €33,850 (-33.8%), from €100,098 to €66,248
- Other operating charges -€9,642
down €9,642 (-75.2%), from €12,823 to €3,181
- Depreciation -€8,871
down €8,871 (-83.5%), from €10,630 to €1,759
- Taxes -€3,300
down €3,300 (-18.7%), from €17,612 to €14,312
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 | €185,886 | €219,763 | +€33,877 | +18.2% |
| Fixed assets | 21/28 | €98,279 | €65,147 | -€33,133 | -33.7% |
| Tangible fixed assets | 22/27 | €45,435 | €2,302 | -€43,133 | -94.9% |
| Furniture and vehicles | 24 | €43,728 | €874 | -€42,854 | -98.0% |
| Other tangible fixed assets | 26 | €1,706 | €1,428 | -€278 | -16.3% |
| Financial fixed assets | 28 | €52,844 | €62,844 | +€10,000 | +18.9% |
| Current assets | 29/58 | €87,607 | €154,617 | +€67,010 | +76.5% |
| Amounts receivable within one year | 40/41 | €64,961 | €56,070 | -€8,891 | -13.7% |
| Trade receivables | 40 | €63,430 | €50,255 | -€13,174 | -20.8% |
| Other amounts receivable | 41 | €1,531 | €5,815 | +€4,284 | +279.7% |
| Cash at bank and in hand | 54/58 | €22,362 | €95,157 | +€72,795 | +325.5% |
| Deferred charges and accrued income | 490/1 | €284 | €3,389 | +€3,105 | +1094.6% |
| Total equity and liabilities | 10/49 | €185,886 | €219,763 | +€33,877 | +18.2% |
| Equity | 10/15 | €135,132 | €34,121 | -€101,010 | -74.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €140,059 | €1,860 | -€138,199 | -98.7% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €138,199 | €0 | -€138,199 | -100.0% |
| Profit (loss) carried forward | 14 | -€23,528 | €13,661 | +€37,189 | |
| Amounts payable | 17/49 | €50,755 | €185,642 | +€134,887 | +265.8% |
| Amounts payable after more than one year | 17 | €14,084 | €2,050 | -€12,034 | -85.4% |
| Financial debts | 170/4 | €14,084 | €2,050 | -€12,034 | -85.4% |
| Amounts payable within one year | 42/48 | €36,671 | €183,592 | +€146,921 | +400.7% |
| Current portion of amounts payable after more than one year | 42 | €11,588 | €12,034 | +€446 | +3.8% |
| Financial debts | 43 | €361 | €0 | -€361 | -100.0% |
| Other loans | 439 | €361 | €0 | -€361 | -100.0% |
| Trade debts | 44 | €3,049 | €5,583 | +€2,534 | +83.1% |
| Suppliers | 440/4 | €3,049 | €5,583 | +€2,534 | +83.1% |
| Taxes, remuneration and social security | 45 | €21,672 | €27,410 | +€5,738 | +26.5% |
| Taxes | 450/3 | €21,672 | €27,410 | +€5,738 | +26.5% |
| Other amounts payable | 47/48 | - | €138,565 | +€138,565 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,630 | €1,759 | -€8,871 | -83.5% |
| Other operating charges | 640/8 | €12,823 | €3,181 | -€9,642 | -75.2% |
| Non-recurring operating charges | 66A | €28,722 | €8,374 | -€20,348 | -70.8% |
| Gross operating margin | 9900 | €100,098 | €66,248 | -€33,850 | -33.8% |
| Operating profit (loss) | 9901 | €47,923 | €52,935 | +€5,012 | +10.5% |
| Financial income | 75/76B | €54 | €126 | +€72 | +133.6% |
| Recurring financial income | 75 | €54 | €126 | +€72 | +133.6% |
| Financial charges | 65/66B | €1,296 | €1,559 | +€263 | +20.3% |
| Recurring financial charges | 65 | €1,296 | -€68,592 | -€69,888 | |
| Non-recurring financial charges | 66B | €0 | €70,151 | +€70,151 | |
| Profit (loss) for the period before taxes | 9903 | €46,681 | €51,501 | +€4,821 | +10.3% |
| Income taxes | 67/77 | €17,612 | €14,312 | -€3,300 | -18.7% |
| Profit (loss) for the period | 9904 | €29,069 | €37,189 | +€8,121 | +27.9% |
| Profit (loss) for the period to be appropriated | 9905 | €29,069 | €37,189 | +€8,121 | +27.9% |
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 4 October 2026 via checked.be.