SPECTRA DISTRIBUTION: 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 DISTRIBUTION
Largest movements
- Stocks and contracts +€87,084
new in 2025: €87,084
- Intangible fixed assets +€22,307
up €22,307 (+1,088%), from €2,050 to €24,357
- Receivables within one year -€3,136
down €3,136 (-2.7%), from €114,792 to €111,656
of which Trade receivables: -€9,986
- Short-term financial debts +€71,389
up €71,389 (+284%), from €25,136 to €96,524
- Trade debts +€61,610
up €61,610 (+280%), from €22,023 to €83,633
- Profit (loss) carried forward -€27,924
down €27,924, from €24,662 to -€3,262
- Gross operating margin -€45,408
down €45,408, from €25,501 to -€19,907
- Financial charges +€6,765
up €6,765 (+895%), from €756 to €7,521
- Depreciation +€833
up €833 (+2,398%), from €35 to €868
- Financial income +€737
new in 2025: €737
- Other operating charges +€316
up €316 (+648%), from €49 to €365
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €116,842 | €224,747 | +€107,905 | +92.4% |
| Fixed assets | 21/28 | €2,050 | €24,357 | +€22,307 | +1,088% |
| Intangible fixed assets | 21 | €2,050 | €24,357 | +€22,307 | +1,088% |
| Current assets | 29/58 | €114,792 | €200,390 | +€85,598 | +74.6% |
| Stocks and contracts in progress | 3 | - | €87,084 | +€87,084 | |
| Stocks | 30/36 | - | €87,084 | +€87,084 | |
| Amounts receivable within one year | 40/41 | €114,792 | €111,656 | -€3,136 | -2.7% |
| Trade receivables | 40 | €69,176 | €59,190 | -€9,986 | -14.4% |
| Other amounts receivable | 41 | €45,615 | €52,466 | +€6,851 | +15.0% |
| Deferred charges and accrued income | 490/1 | - | €1,649 | +€1,649 | |
| Total equity and liabilities | 10/49 | €116,842 | €224,747 | +€107,905 | +92.4% |
| Equity | 10/15 | €69,662 | €41,738 | -€27,924 | -40.1% |
| Contributions | 10/11 | €45,000 | €45,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €24,662 | -€3,262 | -€27,924 | |
| Amounts payable | 17/49 | €47,180 | €183,009 | +€135,829 | +288% |
| Amounts payable within one year | 42/48 | €47,180 | €182,131 | +€134,951 | +286% |
| Financial debts | 43 | €25,136 | €96,524 | +€71,389 | +284% |
| Credit institutions | 430/8 | €25,136 | €96,524 | +€71,389 | +284% |
| Trade debts | 44 | €22,023 | €83,633 | +€61,610 | +280% |
| Suppliers | 440/4 | €22,023 | €83,633 | +€61,610 | +280% |
| Taxes, remuneration and social security | 45 | €22 | €1,974 | +€1,952 | +9,045% |
| Taxes | 450/3 | €22 | €1,974 | +€1,952 | +9,045% |
| Accrued charges and deferred income | 492/3 | - | €878 | +€878 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35 | €868 | +€833 | +2,398% |
| Other operating charges | 640/8 | €49 | €365 | +€316 | +648% |
| Gross operating margin | 9900 | €25,501 | -€19,907 | -€45,408 | |
| Operating profit (loss) | 9901 | €25,417 | -€21,140 | -€46,558 | |
| Financial income | 75/76B | - | €737 | +€737 | |
| Recurring financial income | 75 | - | €737 | +€737 | |
| Financial charges | 65/66B | €756 | €7,521 | +€6,765 | +895% |
| Recurring financial charges | 65 | €756 | €7,521 | +€6,765 | +895% |
| Profit (loss) for the period before taxes | 9903 | €24,662 | -€27,924 | -€52,586 | |
| Profit (loss) for the period | 9904 | €24,662 | -€27,924 | -€52,586 | |
| Profit (loss) for the period to be appropriated | 9905 | €24,662 | -€27,924 | -€52,586 |
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 14 October 2026 via checked.be.