Spectra: what changed
Spectra
Largest movements
- Tangible fixed assets +€40,990
up €40,990 (+594%), from €6,897 to €47,887
of which Plant, machinery and equipment: +€33,156
- Cash +€31,835
up €31,835 (+96.3%), from €33,065 to €64,900
mainly Net result for the year (+€42,891) and Tax, wage and social debts (+€21,596)
- Receivables within one year -€13,722
down €13,722 (-13.1%), from €104,814 to €91,092
of which Trade receivables: -€76,043
- Reserves +€42,891
up €42,891 (+101%), from €42,390 to €85,281
- Tax, wage and social debts +€21,596
up €21,596 (+177%), from €12,223 to €33,820
of which Remuneration and social security: +€19,289
- Other debts -€6,858
down €6,858 (-21.5%), from €31,824 to €24,966
- Trade debts +€4,111
up €4,111 (+8.2%), from €50,325 to €54,436
- Gross operating margin +€249,723
up €249,723 (+509%), from €49,065 to €298,789
- Staff costs +€221,921
up €221,921 (+4,484%), from €4,950 to €226,871
- Taxes +€10,465
up €10,465 (+103%), from €10,146 to €20,611
- Depreciation +€6,391
up €6,391 (+585%), from €1,093 to €7,484
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €144,776 | €205,307 | +€60,531 | +41.8% |
| Fixed assets | 21/28 | €6,897 | €47,887 | +€40,990 | +594% |
| Tangible fixed assets | 22/27 | €6,897 | €47,887 | +€40,990 | +594% |
| Plant, machinery and equipment | 23 | €4,022 | €37,178 | +€33,156 | +824% |
| Furniture and vehicles | 24 | €2,875 | €10,709 | +€7,834 | +272% |
| Current assets | 29/58 | €137,879 | €157,421 | +€19,541 | +14.2% |
| Amounts receivable within one year | 40/41 | €104,814 | €91,092 | -€13,722 | -13.1% |
| Trade receivables | 40 | €100,000 | €23,957 | -€76,043 | -76.0% |
| Other amounts receivable | 41 | €4,814 | €67,135 | +€62,321 | +1,295% |
| Cash at bank and in hand | 54/58 | €33,065 | €64,900 | +€31,835 | +96.3% |
| Deferred charges and accrued income | 490/1 | - | €1,429 | +€1,429 | |
| Total equity and liabilities | 10/49 | €144,776 | €205,307 | +€60,531 | +41.8% |
| Equity | 10/15 | €48,590 | €91,481 | +€42,891 | +88.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €42,390 | €85,281 | +€42,891 | +101% |
| Distributable reserves | 133 | €42,390 | €85,281 | +€42,891 | +101% |
| Amounts payable | 17/49 | €96,187 | €113,827 | +€17,640 | +18.3% |
| Amounts payable within one year | 42/48 | €96,187 | €113,827 | +€17,640 | +18.3% |
| Trade debts | 44 | €50,325 | €54,436 | +€4,111 | +8.2% |
| Suppliers | 440/4 | €50,325 | €54,436 | +€4,111 | +8.2% |
| Advances received on contracts in progress | 46 | €1,815 | €605 | -€1,210 | -66.7% |
| Taxes, remuneration and social security | 45 | €12,223 | €33,820 | +€21,596 | +177% |
| Taxes | 450/3 | €10,180 | €12,488 | +€2,308 | +22.7% |
| Remuneration and social security | 454/9 | €2,043 | €21,332 | +€19,289 | +944% |
| Other amounts payable | 47/48 | €31,824 | €24,966 | -€6,858 | -21.5% |
| Remuneration, social security and pensions | 62 | €4,950 | €226,871 | +€221,921 | +4,484% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,093 | €7,484 | +€6,391 | +585% |
| Other operating charges | 640/8 | €1,064 | €544 | -€520 | -48.9% |
| Gross operating margin | 9900 | €49,065 | €298,789 | +€249,723 | +509% |
| Operating profit (loss) | 9901 | €41,958 | €63,890 | +€21,931 | +52.3% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €323 | €387 | +€64 | +19.7% |
| Recurring financial charges | 65 | €323 | €387 | +€64 | +19.7% |
| Profit (loss) for the period before taxes | 9903 | €41,635 | €63,503 | +€21,868 | +52.5% |
| Income taxes | 67/77 | €10,146 | €20,611 | +€10,465 | +103% |
| Profit (loss) for the period | 9904 | €31,489 | €42,891 | +€11,402 | +36.2% |
| Profit (loss) for the period to be appropriated | 9905 | €31,489 | €42,891 | +€11,402 | +36.2% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.