SPECTRUM CONCEPT: 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.
SPECTRUM CONCEPT
Largest movements
- Receivables within one year +€91,236
up €91,236 (+277.3%), from €32,906 to €124,142
of which Trade receivables: +€87,783
- Receivables after one year +€59,644
new in 2025: €59,644
- Tangible fixed assets +€22,086
up €22,086 (+940.1%), from €2,349 to €24,436
of which Furniture and vehicles: +€21,414
- Profit (loss) carried forward +€80,782
up €80,782 (+536.8%), from €15,049 to €95,831
- Trade debts +€71,585
up €71,585 (+547.1%), from €13,084 to €84,668
- Tax, wage and social debts +€22,367
up €22,367 (+594.5%), from €3,762 to €26,129
- Gross operating margin +€85,794
up €85,794 (+425.5%), from €20,163 to €105,956
- Taxes +€16,711
up €16,711 (+444.2%), from €3,762 to €20,473
- Depreciation +€2,308
up €2,308 (+903.2%), from €256 to €2,564
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.
Cash bridge derived
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 | €36,895 | €211,628 | +€174,733 | +473.6% |
| Fixed assets | 21/28 | €2,349 | €25,646 | +€23,296 | +991.6% |
| Tangible fixed assets | 22/27 | €2,349 | €24,436 | +€22,086 | +940.1% |
| Plant, machinery and equipment | 23 | €1,515 | €2,188 | +€673 | +44.4% |
| Furniture and vehicles | 24 | €835 | €22,248 | +€21,414 | +2565.3% |
| Financial fixed assets | 28 | - | €1,210 | +€1,210 | |
| Current assets | 29/58 | €34,546 | €185,982 | +€151,437 | +438.4% |
| Amounts receivable after more than one year | 29 | - | €59,644 | +€59,644 | |
| Other amounts receivable | 291 | - | €59,644 | +€59,644 | |
| Amounts receivable within one year | 40/41 | €32,906 | €124,142 | +€91,236 | +277.3% |
| Trade receivables | 40 | €23,197 | €110,980 | +€87,783 | +378.4% |
| Other amounts receivable | 41 | €9,709 | €13,162 | +€3,453 | +35.6% |
| Cash at bank and in hand | 54/58 | €1,640 | €255 | -€1,384 | -84.4% |
| Deferred charges and accrued income | 490/1 | - | €1,941 | +€1,941 | |
| Total equity and liabilities | 10/49 | €36,895 | €211,628 | +€174,733 | +473.6% |
| Equity | 10/15 | €20,049 | €100,831 | +€80,782 | +402.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €15,049 | €95,831 | +€80,782 | +536.8% |
| Amounts payable | 17/49 | €16,846 | €110,798 | +€93,952 | +557.7% |
| Amounts payable within one year | 42/48 | €16,846 | €110,798 | +€93,952 | +557.7% |
| Trade debts | 44 | €13,084 | €84,668 | +€71,585 | +547.1% |
| Suppliers | 440/4 | €13,084 | €84,668 | +€71,585 | +547.1% |
| Taxes, remuneration and social security | 45 | €3,762 | €26,129 | +€22,367 | +594.5% |
| Taxes | 450/3 | €3,762 | €26,129 | +€22,367 | +594.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €256 | €2,564 | +€2,308 | +903.2% |
| Other operating charges | 640/8 | €1,307 | €1,571 | +€265 | +20.2% |
| Gross operating margin | 9900 | €20,163 | €105,956 | +€85,794 | +425.5% |
| Operating profit (loss) | 9901 | €18,600 | €101,821 | +€83,221 | +447.4% |
| Financial income | 75/76B | €230 | €30 | -€200 | -86.9% |
| Recurring financial income | 75 | €230 | €30 | -€200 | -86.9% |
| Financial charges | 65/66B | €19 | €597 | +€578 | +3082.7% |
| Recurring financial charges | 65 | €19 | €597 | +€578 | +3082.7% |
| Profit (loss) for the period before taxes | 9903 | €18,811 | €101,255 | +€82,444 | +438.3% |
| Income taxes | 67/77 | €3,762 | €20,473 | +€16,711 | +444.2% |
| Profit (loss) for the period | 9904 | €15,049 | €80,782 | +€65,733 | +436.8% |
| Profit (loss) for the period to be appropriated | 9905 | €15,049 | €80,782 | +€65,733 | +436.8% |
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 9 October 2026 via checked.be.