SPECTR BIM: 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.
SPECTR BIM
Largest movements
- Intangible fixed assets -€231,523
down €231,523 (-20.4%), from €1.1m to €902,641
- Cash +€86,176
up €86,176 (+358%), from €24,101 to €110,276
mainly Contributions, distributions and other (+€2.3m) and Depreciation (+€211,137)
- Tangible fixed assets -€16,101
down €16,101 (-41.9%), from €38,419 to €22,318
of which Furniture and vehicles: -€9,454
- Contributions +€2.3m
up €2.3m (+11,483%), from €20,000 to €2.3m
- Profit (loss) carried forward -€1.1m
down €1.1m (-151%), from -€701,589 to -€1.8m
- Debts after one year -€943,789
down €943,789 (-85.3%), from €1.1m to €163,045
- Short-term financial debts -€301,018
down €301,018 (-54.6%), from €551,018 to €250,000
of which Credit institutions: -€300,000
- Other debts -€207,623
down €207,623 (-77.6%), from €267,623 to €60,000
- Gross operating margin -€240,871
down €240,871, from €87,120 to -€153,751
- Financial charges +€13,661
up €13,661 (+10.0%), from €137,067 to €150,728
- Depreciation -€6,985
down €6,985 (-3.2%), from €218,122 to €211,137
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 | €1,509,525 | €1,351,153 | -€158,371 | -10.5% |
| Fixed assets | 21/28 | €1,172,583 | €924,959 | -€247,624 | -21.1% |
| Intangible fixed assets | 21 | €1,134,164 | €902,641 | -€231,523 | -20.4% |
| Tangible fixed assets | 22/27 | €38,419 | €22,318 | -€16,101 | -41.9% |
| Plant, machinery and equipment | 23 | €23,560 | €17,314 | -€6,246 | -26.5% |
| Furniture and vehicles | 24 | €13,218 | €3,764 | -€9,454 | -71.5% |
| Other tangible fixed assets | 26 | €1,641 | €1,240 | -€401 | -24.4% |
| Current assets | 29/58 | €336,942 | €426,195 | +€89,253 | +26.5% |
| Amounts receivable within one year | 40/41 | €310,814 | €308,905 | -€1,909 | -0.6% |
| Trade receivables | 40 | €304,335 | €99,172 | -€205,163 | -67.4% |
| Other amounts receivable | 41 | €6,479 | €209,733 | +€203,254 | +3,137% |
| Cash at bank and in hand | 54/58 | €24,101 | €110,276 | +€86,176 | +358% |
| Deferred charges and accrued income | 490/1 | €2,027 | €7,013 | +€4,986 | +246% |
| Total equity and liabilities | 10/49 | €1,509,525 | €1,351,153 | -€158,371 | -10.5% |
| Equity | 10/15 | -€681,589 | €559,153 | +€1.2m | |
| Contributions | 10/11 | €20,000 | €2,316,681 | +€2.3m | +11,483% |
| Profit (loss) carried forward | 14 | -€701,589 | -€1,757,528 | -€1.1m | -151% |
| Amounts payable | 17/49 | €2,191,114 | €792,000 | -€1.4m | -63.9% |
| Amounts payable after more than one year | 17 | €1,106,834 | €163,045 | -€943,789 | -85.3% |
| Financial debts | 170/4 | €1,106,834 | €163,045 | -€943,789 | -85.3% |
| Amounts payable within one year | 42/48 | €1,084,280 | €539,962 | -€544,317 | -50.2% |
| Current portion of amounts payable after more than one year | 42 | €153,781 | €113,824 | -€39,958 | -26.0% |
| Financial debts | 43 | €551,018 | €250,000 | -€301,018 | -54.6% |
| Credit institutions | 430/8 | €550,000 | €250,000 | -€300,000 | -54.5% |
| Other loans | 439 | €1,018 | €0 | -€1,018 | -100% |
| Trade debts | 44 | €38,929 | €29,052 | -€9,876 | -25.4% |
| Suppliers | 440/4 | €38,929 | €29,052 | -€9,876 | -25.4% |
| Taxes, remuneration and social security | 45 | €72,928 | €87,086 | +€14,158 | +19.4% |
| Taxes | 450/3 | €3,560 | €12,476 | +€8,916 | +250% |
| Remuneration and social security | 454/9 | €69,368 | €74,610 | +€5,242 | +7.6% |
| Other amounts payable | 47/48 | €267,623 | €60,000 | -€207,623 | -77.6% |
| Accrued charges and deferred income | 492/3 | - | €88,993 | +€88,993 | |
| Non-recurring operating income | 76A | - | €1,698 | +€1,698 | |
| Remuneration, social security and pensions | 62 | €431,243 | €431,468 | +€225 | +0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €218,122 | €211,137 | -€6,985 | -3.2% |
| Other operating charges | 640/8 | €2,428 | €3,547 | +€1,119 | +46.1% |
| Non-recurring operating charges | 66A | - | €103,977 | +€103,977 | |
| Gross operating margin | 9900 | €87,120 | -€153,751 | -€240,871 | |
| Operating profit (loss) | 9901 | -€564,673 | -€903,880 | -€339,207 | -60.1% |
| Financial income | 75/76B | €151 | €5 | -€146 | -96.9% |
| Recurring financial income | 75 | €151 | €5 | -€146 | -96.9% |
| Financial charges | 65/66B | €137,067 | €150,728 | +€13,661 | +10.0% |
| Recurring financial charges | 65 | €137,067 | €150,728 | +€13,661 | +10.0% |
| Profit (loss) for the period before taxes | 9903 | -€701,589 | -€1,054,603 | -€353,014 | -50.3% |
| Income taxes | 67/77 | - | €1,335 | +€1,335 | |
| Profit (loss) for the period | 9904 | -€701,589 | -€1,055,939 | -€354,350 | -50.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€701,589 | -€1,055,939 | -€354,350 | -50.5% |
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 30 October 2026 via checked.be.