SPECTRE INVEST: 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.
SPECTRE INVEST
Largest movements
- Cash +€75,753
up €75,753 (+113%), from €67,115 to €142,867
mainly Net result for the year (+€69,261) and Tax, wage and social debts (+€6,680)
- Profit (loss) carried forward +€68,428
up €68,428 (+139%), from €49,115 to €117,544
- Tax, wage and social debts +€6,680
up €6,680 (+33.8%), from €19,735 to €26,415
of which Taxes: +€6,180
- Other debts +€1,860
up €1,860 (+36.8%), from €5,049 to €6,909
- Trade debts -€1,774
down €1,774 (-70.3%), from €2,524 to €750
- Gross operating margin +€24,465
up €24,465 (+38.3%), from €63,801 to €88,266
- Taxes +€4,434
up €4,434 (+34.2%), from €12,965 to €17,399
- Financial charges +€919
up €919 (+977%), from €94 to €1,014
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 | €79,423 | €154,617 | +€75,195 | +94.7% |
| Formation expenses | 20 | €592 | €0 | -€592 | -100% |
| Current assets | 29/58 | €78,830 | €154,617 | +€75,787 | +96.1% |
| Amounts receivable within one year | 40/41 | €10,000 | €10,000 | = | 0.0% |
| Trade receivables | 40 | €10,000 | €10,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €67,115 | €142,867 | +€75,753 | +113% |
| Deferred charges and accrued income | 490/1 | €1,715 | €1,750 | +€34 | +2.0% |
| Total equity and liabilities | 10/49 | €79,423 | €154,617 | +€75,195 | +94.7% |
| Equity | 10/15 | €52,115 | €120,544 | +€68,428 | +131% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €49,115 | €117,544 | +€68,428 | +139% |
| Amounts payable | 17/49 | €27,307 | €34,074 | +€6,766 | +24.8% |
| Amounts payable within one year | 42/48 | €27,307 | €34,074 | +€6,766 | +24.8% |
| Trade debts | 44 | €2,524 | €750 | -€1,774 | -70.3% |
| Suppliers | 440/4 | €2,524 | €750 | -€1,774 | -70.3% |
| Taxes, remuneration and social security | 45 | €19,735 | €26,415 | +€6,680 | +33.8% |
| Taxes | 450/3 | €18,735 | €24,915 | +€6,180 | +33.0% |
| Remuneration and social security | 454/9 | €1,000 | €1,500 | +€500 | +50.0% |
| Other amounts payable | 47/48 | €5,049 | €6,909 | +€1,860 | +36.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €794 | €592 | -€201 | -25.4% |
| Gross operating margin | 9900 | €63,801 | €88,266 | +€24,465 | +38.3% |
| Operating profit (loss) | 9901 | €63,008 | €87,674 | +€24,666 | +39.1% |
| Financial charges | 65/66B | €94 | €1,014 | +€919 | +977% |
| Recurring financial charges | 65 | €94 | €1,014 | +€919 | +977% |
| Profit (loss) for the period before taxes | 9903 | €62,913 | €86,660 | +€23,747 | +37.7% |
| Income taxes | 67/77 | €12,965 | €17,399 | +€4,434 | +34.2% |
| Profit (loss) for the period | 9904 | €49,948 | €69,261 | +€19,313 | +38.7% |
| Profit (loss) for the period to be appropriated | 9905 | €49,948 | €69,261 | +€19,313 | +38.7% |
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 27 October 2026 via checked.be.