Spectra: 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.
Spectra
Largest movements
- Stocks and contracts -€78,504
down €78,504 (-73.8%), from €106,325 to €27,821
- Receivables within one year -€18,864
down €18,864 (-34.9%), from €54,093 to €35,229
of which Trade receivables: -€18,950
- Tangible fixed assets -€9,200
down €9,200 (-28.1%), from €32,693 to €23,493
of which Furniture and vehicles: -€8,517
- Deferred charges and accrued income -€5,519
down €5,519 (-97.0%), from €5,689 to €169
- Formation expenses -€5,027
down €5,027 (-40.9%), from €12,285 to €7,258
- Profit (loss) carried forward -€101,862
down €101,862 (-70.7%), from -€144,053 to -€245,914
- Trade debts -€17,301
down €17,301 (-33.5%), from €51,635 to €34,335
- Debts after one year +€10,873
up €10,873 (+18.2%), from €59,656 to €70,529
- Tax, wage and social debts -€6,181
down €6,181 (-37.6%), from €16,417 to €10,236
of which Remuneration and social security: -€3,974
- Gross operating margin -€98,572
down €98,572, from €39,707 to -€58,865
- Staff costs -€15,325
down €15,325 (-47.7%), from €32,111 to €16,786
- Financial income -€2,122
down €2,122 (-99.7%), from €2,129 to €7
- Financial charges +€1,965
up €1,965 (+58.5%), from €3,361 to €5,326
- Other operating charges +€882
up €882 (+39.0%), from €2,261 to €3,143
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €223,546 | €107,773 | -€115,773 | -51.8% |
| Formation expenses | 20 | €12,285 | €7,258 | -€5,027 | -40.9% |
| Fixed assets | 21/28 | €37,374 | €24,787 | -€12,587 | -33.7% |
| Intangible fixed assets | 21 | €4,681 | €1,294 | -€3,387 | -72.4% |
| Tangible fixed assets | 22/27 | €32,693 | €23,493 | -€9,200 | -28.1% |
| Plant, machinery and equipment | 23 | €3,088 | €2,405 | -€683 | -22.1% |
| Furniture and vehicles | 24 | €29,605 | €21,088 | -€8,517 | -28.8% |
| Current assets | 29/58 | €173,887 | €75,728 | -€98,159 | -56.4% |
| Stocks and contracts in progress | 3 | €106,325 | €27,821 | -€78,504 | -73.8% |
| Stocks | 30/36 | €106,325 | €27,821 | -€78,504 | -73.8% |
| Amounts receivable within one year | 40/41 | €54,093 | €35,229 | -€18,864 | -34.9% |
| Trade receivables | 40 | €43,721 | €24,771 | -€18,950 | -43.3% |
| Other amounts receivable | 41 | €10,372 | €10,458 | +€86 | +0.8% |
| Cash at bank and in hand | 54/58 | €7,780 | €12,508 | +€4,728 | +60.8% |
| Deferred charges and accrued income | 490/1 | €5,689 | €169 | -€5,519 | -97.0% |
| Total equity and liabilities | 10/49 | €223,546 | €107,773 | -€115,773 | -51.8% |
| Equity | 10/15 | €78,951 | -€22,911 | -€101,862 | |
| Contributions | 10/11 | €223,004 | €223,004 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€144,053 | -€245,914 | -€101,862 | -70.7% |
| Amounts payable | 17/49 | €144,595 | €130,684 | -€13,912 | -9.6% |
| Amounts payable after more than one year | 17 | €59,656 | €70,529 | +€10,873 | +18.2% |
| Financial debts | 170/4 | €59,656 | €70,529 | +€10,873 | +18.2% |
| Amounts payable within one year | 42/48 | €82,831 | €59,856 | -€22,975 | -27.7% |
| Current portion of amounts payable after more than one year | 42 | €14,519 | €15,285 | +€766 | +5.3% |
| Financial debts | 43 | €260 | - | -€260 | |
| Credit institutions | 430/8 | €260 | - | -€260 | |
| Trade debts | 44 | €51,635 | €34,335 | -€17,301 | -33.5% |
| Suppliers | 440/4 | €51,635 | €34,335 | -€17,301 | -33.5% |
| Taxes, remuneration and social security | 45 | €16,417 | €10,236 | -€6,181 | -37.6% |
| Taxes | 450/3 | €12,443 | €10,236 | -€2,207 | -17.7% |
| Remuneration and social security | 454/9 | €3,974 | - | -€3,974 | |
| Accrued charges and deferred income | 492/3 | €2,108 | €299 | -€1,810 | -85.8% |
| Remuneration, social security and pensions | 62 | €32,111 | €16,786 | -€15,325 | -47.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,673 | €17,614 | -€59 | -0.3% |
| Other operating charges | 640/8 | €2,261 | €3,143 | +€882 | +39.0% |
| Gross operating margin | 9900 | €39,707 | -€58,865 | -€98,572 | |
| Operating profit (loss) | 9901 | -€12,338 | -€96,408 | -€84,070 | -681.4% |
| Financial income | 75/76B | €2,129 | €7 | -€2,122 | -99.7% |
| Recurring financial income | 75 | €2,129 | €7 | -€2,122 | -99.7% |
| Financial charges | 65/66B | €3,361 | €5,326 | +€1,965 | +58.5% |
| Recurring financial charges | 65 | €3,361 | €5,326 | +€1,965 | +58.5% |
| Profit (loss) for the period before taxes | 9903 | -€13,570 | -€101,727 | -€88,158 | -649.7% |
| Income taxes | 67/77 | €132 | €134 | +€3 | +2.1% |
| Profit (loss) for the period | 9904 | -€13,701 | -€101,862 | -€88,161 | -643.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€13,701 | -€101,862 | -€88,161 | -643.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.