SPECTRA ANTWERP: 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.
SPECTRA ANTWERP
Largest movements
- Receivables within one year -€47,547
down €47,547 (-21.9%), from €217,323 to €169,776
- Tangible fixed assets -€8,000
down €8,000 (-22.8%), from €35,081 to €27,081
- Cash -€6,234
down €6,234 (-29.1%), from €21,397 to €15,163
mainly Net result for the year (-€63,116) and Accrued charges and deferred income (-€12,092)
- Profit (loss) carried forward -€63,116
down €63,116, from €19,468 to -€43,648
- Tax, wage and social debts +€13,216
up €13,216 (+40.1%), from €32,963 to €46,179
of which Remuneration and social security: +€16,500
- Accrued charges and deferred income -€12,092
down €12,092 (-76.4%), from €15,818 to €3,726
- Other debts +€10,838
up €10,838 (+12.9%), from €83,865 to €94,703
- Debts after one year -€5,580
down €5,580 (-27.7%), from €20,173 to €14,593
- Gross operating margin -€70,395
down €70,395, from €12,098 to -€58,297
- Financial income +€5,851
new in 2025: €5,851
- Depreciation +€3,082
up €3,082 (+62.7%), from €4,918 to €8,000
- Taxes -€1,000
down €1,000 (-79.2%), from €1,263 to €263
- Other operating charges -€939
down €939 (-61.6%), from €1,524 to €585
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 | €279,032 | €217,252 | -€61,780 | -22.1% |
| Fixed assets | 21/28 | €35,655 | €27,655 | -€8,000 | -22.4% |
| Tangible fixed assets | 22/27 | €35,081 | €27,081 | -€8,000 | -22.8% |
| Furniture and vehicles | 24 | €35,081 | €27,081 | -€8,000 | -22.8% |
| Financial fixed assets | 28 | €574 | €574 | = | 0.0% |
| Current assets | 29/58 | €243,377 | €189,597 | -€53,780 | -22.1% |
| Stocks and contracts in progress | 3 | €4,306 | €4,306 | = | 0.0% |
| Stocks | 30/36 | €4,306 | €4,306 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €217,323 | €169,776 | -€47,547 | -21.9% |
| Trade receivables | 40 | €217,323 | €169,776 | -€47,547 | -21.9% |
| Cash at bank and in hand | 54/58 | €21,397 | €15,163 | -€6,234 | -29.1% |
| Deferred charges and accrued income | 490/1 | €352 | €352 | = | 0.0% |
| Total equity and liabilities | 10/49 | €279,032 | €217,252 | -€61,780 | -22.1% |
| Equity | 10/15 | €39,468 | -€23,648 | -€63,116 | |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €19,468 | -€43,648 | -€63,116 | |
| Amounts payable | 17/49 | €239,564 | €240,900 | +€1,336 | +0.6% |
| Amounts payable after more than one year | 17 | €20,173 | €14,593 | -€5,580 | -27.7% |
| Trade debts | 175 | €20,173 | €14,593 | -€5,580 | -27.7% |
| Amounts payable within one year | 42/48 | €203,573 | €222,581 | +€19,008 | +9.3% |
| Current portion of amounts payable after more than one year | 42 | €5,330 | €5,580 | +€251 | +4.7% |
| Trade debts | 44 | €81,415 | €76,118 | -€5,296 | -6.5% |
| Suppliers | 440/4 | €81,415 | €76,118 | -€5,296 | -6.5% |
| Taxes, remuneration and social security | 45 | €32,963 | €46,179 | +€13,216 | +40.1% |
| Taxes | 450/3 | €5,113 | €1,829 | -€3,284 | -64.2% |
| Remuneration and social security | 454/9 | €27,850 | €44,350 | +€16,500 | +59.2% |
| Other amounts payable | 47/48 | €83,865 | €94,703 | +€10,838 | +12.9% |
| Accrued charges and deferred income | 492/3 | €15,818 | €3,726 | -€12,092 | -76.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,918 | €8,000 | +€3,082 | +62.7% |
| Other operating charges | 640/8 | €1,524 | €585 | -€939 | -61.6% |
| Gross operating margin | 9900 | €12,098 | -€58,297 | -€70,395 | |
| Operating profit (loss) | 9901 | €5,656 | -€66,882 | -€72,538 | |
| Financial income | 75/76B | - | €5,851 | +€5,851 | |
| Recurring financial income | 75 | - | €5,851 | +€5,851 | |
| Financial charges | 65/66B | €1,620 | €1,822 | +€202 | +12.5% |
| Recurring financial charges | 65 | €1,620 | €1,822 | +€202 | +12.5% |
| Profit (loss) for the period before taxes | 9903 | €4,036 | -€62,853 | -€66,889 | |
| Income taxes | 67/77 | €1,263 | €263 | -€1,000 | -79.2% |
| Profit (loss) for the period | 9904 | €2,773 | -€63,116 | -€65,889 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,773 | -€63,116 | -€65,889 |
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 21 October 2026 via checked.be.