Spectrum solutions: what changed
Two fiscal 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 solutions
Largest movements
- Receivables within one year +€11,193
up €11,193 (+48.2%), from €23,219 to €34,411
of which Other amounts receivable: +€5,844
- Tangible fixed assets +€5,546
up €5,546 (+6.3%), from €87,724 to €93,270
of which Furniture and vehicles: +€4,205
- Other debts -€20,345
down €20,345 (-99.9%), from €20,363 to €18
- Reserves +€18,684
up €18,684 (+11.7%), from €159,671 to €178,355
of which Distributable reserves: +€18,684
- Trade debts +€4,632
up €4,632 (+758.4%), from €611 to €5,242
- Debts after one year +€4,083
up €4,083 (+12.1%), from €33,837 to €37,920
- Tax, wage and social debts +€3,320
up €3,320 (+116.5%), from €2,849 to €6,170
- Gross operating margin -€17,521
down €17,521 (-21.8%), from €80,306 to €62,785
- Depreciation +€10,403
up €10,403 (+48.3%), from €21,540 to €31,943
- Taxes -€8,111
down €8,111 (-49.9%), from €16,267 to €8,156
- Financial charges +€1,429
up €1,429 (+107.8%), from €1,325 to €2,755
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 | €247,059 | €260,276 | +€13,217 | +5.3% |
| Fixed assets | 21/28 | €87,924 | €93,470 | +€5,546 | +6.3% |
| Tangible fixed assets | 22/27 | €87,724 | €93,270 | +€5,546 | +6.3% |
| Plant, machinery and equipment | 23 | €13,978 | €15,319 | +€1,341 | +9.6% |
| Furniture and vehicles | 24 | €73,747 | €77,951 | +€4,205 | +5.7% |
| Financial fixed assets | 28 | €200 | €200 | = | 0.0% |
| Current assets | 29/58 | €159,134 | €166,806 | +€7,671 | +4.8% |
| Amounts receivable within one year | 40/41 | €23,219 | €34,411 | +€11,193 | +48.2% |
| Trade receivables | 40 | €23,219 | €28,568 | +€5,349 | +23.0% |
| Other amounts receivable | 41 | - | €5,844 | +€5,844 | |
| Cash at bank and in hand | 54/58 | €132,351 | €130,289 | -€2,062 | -1.6% |
| Deferred charges and accrued income | 490/1 | €3,565 | €2,106 | -€1,459 | -40.9% |
| Total equity and liabilities | 10/49 | €247,059 | €260,276 | +€13,217 | +5.3% |
| Equity | 10/15 | €176,719 | €195,403 | +€18,684 | +10.6% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €159,671 | €178,355 | +€18,684 | +11.7% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €157,811 | €176,495 | +€18,684 | +11.8% |
| Profit (loss) carried forward | 14 | €4,648 | €4,648 | = | 0.0% |
| Amounts payable | 17/49 | €70,340 | €64,873 | -€5,467 | -7.8% |
| Amounts payable after more than one year | 17 | €33,837 | €37,920 | +€4,083 | +12.1% |
| Financial debts | 170/4 | €33,837 | €37,920 | +€4,083 | +12.1% |
| Amounts payable within one year | 42/48 | €36,075 | €26,413 | -€9,661 | -26.8% |
| Current portion of amounts payable after more than one year | 42 | €12,251 | €14,983 | +€2,732 | +22.3% |
| Trade debts | 44 | €611 | €5,242 | +€4,632 | +758.4% |
| Suppliers | 440/4 | €611 | €5,242 | +€4,632 | +758.4% |
| Taxes, remuneration and social security | 45 | €2,849 | €6,170 | +€3,320 | +116.5% |
| Taxes | 450/3 | €2,849 | €6,170 | +€3,320 | +116.5% |
| Other amounts payable | 47/48 | €20,363 | €18 | -€20,345 | -99.9% |
| Accrued charges and deferred income | 492/3 | €429 | €540 | +€111 | +26.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,540 | €31,943 | +€10,403 | +48.3% |
| Other operating charges | 640/8 | €606 | €1,260 | +€654 | +108.0% |
| Gross operating margin | 9900 | €80,306 | €62,785 | -€17,521 | -21.8% |
| Operating profit (loss) | 9901 | €58,160 | €29,582 | -€28,578 | -49.1% |
| Financial income | 75/76B | €1 | €13 | +€12 | +2009.8% |
| Recurring financial income | 75 | €1 | €13 | +€12 | +2009.8% |
| Financial charges | 65/66B | €1,325 | €2,755 | +€1,429 | +107.8% |
| Recurring financial charges | 65 | €1,325 | €2,755 | +€1,429 | +107.8% |
| Profit (loss) for the period before taxes | 9903 | €56,835 | €26,841 | -€29,995 | -52.8% |
| Income taxes | 67/77 | €16,267 | €8,156 | -€8,111 | -49.9% |
| Profit (loss) for the period | 9904 | €40,568 | €18,684 | -€21,884 | -53.9% |
| Profit (loss) for the period to be appropriated | 9905 | €40,568 | €18,684 | -€21,884 | -53.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.