Specto Group: 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.
Specto Group
Largest movements
- Cash +€13,263
up €13,263 (+76.4%), from €17,351 to €30,614
mainly Net result for the year (+€10,254) and Tax, wage and social debts (+€5,976)
- Tangible fixed assets +€1,607
up €1,607 (+56.4%), from €2,851 to €4,458
of which Furniture and vehicles: +€2,284
- Receivables within one year +€827
new in 2025: €827
- Reserves +€10,254
up €10,254 (+94.4%), from €10,859 to €21,113
- Tax, wage and social debts +€5,976
up €5,976 (+113%), from €5,280 to €11,256
of which Taxes: +€5,599
- Other debts -€445
down €445 (-33.3%), from €1,338 to €893
- Gross operating margin +€14,954
up €14,954 (+370%), from €4,042 to €18,996
- Taxes +€4,246
up €4,246 (+721%), from €589 to €4,835
- Financial charges +€718
up €718 (+47.6%), from €1,509 to €2,227
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 | €20,202 | €35,899 | +€15,697 | +77.7% |
| Fixed assets | 21/28 | €2,851 | €4,458 | +€1,607 | +56.4% |
| Tangible fixed assets | 22/27 | €2,851 | €4,458 | +€1,607 | +56.4% |
| Plant, machinery and equipment | 23 | €2,086 | €1,409 | -€677 | -32.4% |
| Furniture and vehicles | 24 | €765 | €3,049 | +€2,284 | +299% |
| Current assets | 29/58 | €17,351 | €31,441 | +€14,090 | +81.2% |
| Amounts receivable within one year | 40/41 | - | €827 | +€827 | |
| Trade receivables | 40 | - | €827 | +€827 | |
| Cash at bank and in hand | 54/58 | €17,351 | €30,614 | +€13,263 | +76.4% |
| Total equity and liabilities | 10/49 | €20,202 | €35,899 | +€15,697 | +77.7% |
| Equity | 10/15 | €13,057 | €23,311 | +€10,254 | +78.5% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €10,859 | €21,113 | +€10,254 | +94.4% |
| Distributable reserves | 133 | €10,859 | €21,113 | +€10,254 | +94.4% |
| Profit (loss) carried forward | 14 | €198 | €198 | = | 0.0% |
| Amounts payable | 17/49 | €7,145 | €12,588 | +€5,443 | +76.2% |
| Amounts payable within one year | 42/48 | €7,145 | €12,588 | +€5,443 | +76.2% |
| Trade debts | 44 | €527 | €440 | -€88 | -16.6% |
| Suppliers | 440/4 | €527 | €440 | -€88 | -16.6% |
| Taxes, remuneration and social security | 45 | €5,280 | €11,256 | +€5,976 | +113% |
| Taxes | 450/3 | €3,762 | €9,361 | +€5,599 | +149% |
| Remuneration and social security | 454/9 | €1,518 | €1,895 | +€377 | +24.9% |
| Other amounts payable | 47/48 | €1,338 | €893 | -€445 | -33.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,197 | €1,243 | +€46 | +3.9% |
| Other operating charges | 640/8 | €465 | €436 | -€29 | -6.2% |
| Gross operating margin | 9900 | €4,042 | €18,996 | +€14,954 | +370% |
| Operating profit (loss) | 9901 | €2,380 | €17,316 | +€14,937 | +628% |
| Financial charges | 65/66B | €1,509 | €2,227 | +€718 | +47.6% |
| Recurring financial charges | 65 | €1,509 | €2,227 | +€718 | +47.6% |
| Profit (loss) for the period before taxes | 9903 | €870 | €15,089 | +€14,219 | +1,634% |
| Income taxes | 67/77 | €589 | €4,835 | +€4,246 | +721% |
| Profit (loss) for the period | 9904 | €281 | €10,254 | +€9,973 | +3,547% |
| Profit (loss) for the period to be appropriated | 9905 | €281 | €10,254 | +€9,973 | +3,547% |
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 18 October 2026 via checked.be.