Spectrum Group: 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 Group
Largest movements
- Cash +€14,702
up €14,702 (+52.6%), from €27,932 to €42,634
mainly Net result for the year (+€25,455) and Other debts (+€13,405)
- Receivables within one year +€8,806
up €8,806 (+67.3%), from €13,087 to €21,893
of which Other amounts receivable: +€9,223
- Other debts +€13,405
up €13,405 (+1,224%), from €1,095 to €14,500
- Reserves +€10,955
up €10,955 (+40.3%), from €27,185 to €38,140
- Tax, wage and social debts -€1,623
down €1,623 (-23.8%), from €6,826 to €5,203
of which Remuneration and social security: -€4,857
- Trade debts +€1,042
up €1,042 (+15.4%), from €6,754 to €7,795
- Gross operating margin +€25,950
up €25,950 (+275%), from €9,427 to €35,377
- Taxes +€3,766
up €3,766 (+262%), from €1,437 to €5,203
- Depreciation -€999
down €999 (-98.2%), from €1,018 to €18
- Financial charges +€472
up €472 (+12.7%), from €3,710 to €4,182
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 | €48,338 | €71,935 | +€23,596 | +48.8% |
| Fixed assets | 21/28 | €446 | €428 | -€18 | -4.1% |
| Tangible fixed assets | 22/27 | €18 | €0 | -€18 | -100% |
| Plant, machinery and equipment | 23 | €18 | €0 | -€18 | -100% |
| Financial fixed assets | 28 | €428 | €428 | = | 0.0% |
| Current assets | 29/58 | €47,892 | €71,507 | +€23,615 | +49.3% |
| Amounts receivable within one year | 40/41 | €13,087 | €21,893 | +€8,806 | +67.3% |
| Trade receivables | 40 | €11,425 | €11,008 | -€417 | -3.6% |
| Other amounts receivable | 41 | €1,663 | €10,886 | +€9,223 | +555% |
| Cash at bank and in hand | 54/58 | €27,932 | €42,634 | +€14,702 | +52.6% |
| Deferred charges and accrued income | 490/1 | €6,873 | €6,979 | +€107 | +1.6% |
| Total equity and liabilities | 10/49 | €48,338 | €71,935 | +€23,596 | +48.8% |
| Equity | 10/15 | €33,385 | €44,340 | +€10,955 | +32.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €27,185 | €38,140 | +€10,955 | +40.3% |
| Distributable reserves | 133 | €27,185 | €38,140 | +€10,955 | +40.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €14,954 | €27,595 | +€12,642 | +84.5% |
| Amounts payable within one year | 42/48 | €14,954 | €27,595 | +€12,642 | +84.5% |
| Current portion of amounts payable after more than one year | 42 | €279 | €97 | -€182 | -65.2% |
| Trade debts | 44 | €6,754 | €7,795 | +€1,042 | +15.4% |
| Suppliers | 440/4 | €6,754 | €7,795 | +€1,042 | +15.4% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €6,826 | €5,203 | -€1,623 | -23.8% |
| Taxes | 450/3 | €1,970 | €5,203 | +€3,234 | +164% |
| Remuneration and social security | 454/9 | €4,857 | €0 | -€4,857 | -100% |
| Other amounts payable | 47/48 | €1,095 | €14,500 | +€13,405 | +1,224% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,018 | €18 | -€999 | -98.2% |
| Other operating charges | 640/8 | €505 | €520 | +€14 | +2.8% |
| Gross operating margin | 9900 | €9,427 | €35,377 | +€25,950 | +275% |
| Operating profit (loss) | 9901 | €7,904 | €34,839 | +€26,935 | +341% |
| Financial income | 75/76B | €0 | €1 | +€1 | |
| Recurring financial income | 75 | €0 | €1 | +€1 | |
| Financial charges | 65/66B | €3,710 | €4,182 | +€472 | +12.7% |
| Recurring financial charges | 65 | €3,710 | €4,182 | +€472 | +12.7% |
| Profit (loss) for the period before taxes | 9903 | €4,194 | €30,658 | +€26,464 | +631% |
| Income taxes | 67/77 | €1,437 | €5,203 | +€3,766 | +262% |
| Profit (loss) for the period | 9904 | €2,757 | €25,455 | +€22,698 | +823% |
| Profit (loss) for the period to be appropriated | 9905 | €2,757 | €25,455 | +€22,698 | +823% |
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 31 October 2026 via checked.be.