Spectrus: 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.
Spectrus
Largest movements
- Receivables within one year +€20,389
up €20,389 (+136.9%), from €14,895 to €35,284
of which Trade receivables: +€20,452
- Cash +€6,491
up €6,491 (+397.4%), from €1,633 to €8,124
mainly Net result for the year (+€35,629) and Trade debts (+€22,572)
- Reserves +€35,629
up €35,629 (+69.5%), from €51,275 to €86,904
- Other debts -€30,000
down €30,000 (-40.0%), from €75,000 to €45,000
- Debts after one year -€23,054
down €23,054 (-28.7%), from €80,263 to €57,210
- Trade debts +€22,572
up €22,572 (+153.8%), from €14,678 to €37,250
- Tax, wage and social debts +€8,578
up €8,578 (+126.6%), from €6,773 to €15,351
- Gross operating margin +€30,135
up €30,135 (+106.2%), from €28,378 to €58,513
- Taxes +€11,301
up €11,301 (+199.7%), from €5,659 to €16,960
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 | €265,288 | €291,368 | +€26,080 | +9.8% |
| Fixed assets | 21/28 | €234,375 | €234,375 | = | 0.0% |
| Financial fixed assets | 28 | €234,375 | €234,375 | = | 0.0% |
| Current assets | 29/58 | €30,913 | €56,993 | +€26,080 | +84.4% |
| Stocks and contracts in progress | 3 | €14,385 | €13,585 | -€800 | -5.6% |
| Stocks | 30/36 | €14,385 | €13,585 | -€800 | -5.6% |
| Amounts receivable within one year | 40/41 | €14,895 | €35,284 | +€20,389 | +136.9% |
| Trade receivables | 40 | €13,831 | €34,284 | +€20,452 | +147.9% |
| Other amounts receivable | 41 | €1,063 | €1,000 | -€63 | -6.0% |
| Cash at bank and in hand | 54/58 | €1,633 | €8,124 | +€6,491 | +397.4% |
| Total equity and liabilities | 10/49 | €265,288 | €291,368 | +€26,080 | +9.8% |
| Equity | 10/15 | €63,275 | €98,904 | +€35,629 | +56.3% |
| Contributions | 10/11 | €12,000 | €12,000 | = | 0.0% |
| Reserves | 13 | €51,275 | €86,904 | +€35,629 | +69.5% |
| Distributable reserves | 133 | €51,275 | €86,904 | +€35,629 | +69.5% |
| Amounts payable | 17/49 | €202,012 | €192,463 | -€9,549 | -4.7% |
| Amounts payable after more than one year | 17 | €80,263 | €57,210 | -€23,054 | -28.7% |
| Financial debts | 170/4 | €80,263 | €57,210 | -€23,054 | -28.7% |
| Amounts payable within one year | 42/48 | €119,150 | €125,648 | +€6,498 | +5.5% |
| Current portion of amounts payable after more than one year | 42 | €22,699 | €28,047 | +€5,347 | +23.6% |
| Trade debts | 44 | €14,678 | €37,250 | +€22,572 | +153.8% |
| Suppliers | 440/4 | €14,678 | €37,250 | +€22,572 | +153.8% |
| Taxes, remuneration and social security | 45 | €6,773 | €15,351 | +€8,578 | +126.6% |
| Taxes | 450/3 | €6,773 | €15,351 | +€8,578 | +126.6% |
| Other amounts payable | 47/48 | €75,000 | €45,000 | -€30,000 | -40.0% |
| Accrued charges and deferred income | 492/3 | €2,599 | €9,606 | +€7,007 | +269.6% |
| Other operating charges | 640/8 | €126 | €128 | +€2 | +1.6% |
| Gross operating margin | 9900 | €28,378 | €58,513 | +€30,135 | +106.2% |
| Operating profit (loss) | 9901 | €28,252 | €58,385 | +€30,133 | +106.7% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €5,614 | €5,796 | +€182 | +3.2% |
| Recurring financial charges | 65 | €5,614 | €5,796 | +€182 | +3.2% |
| Profit (loss) for the period before taxes | 9903 | €22,638 | €52,589 | +€29,951 | +132.3% |
| Income taxes | 67/77 | €5,659 | €16,960 | +€11,301 | +199.7% |
| Profit (loss) for the period | 9904 | €16,978 | €35,629 | +€18,651 | +109.8% |
| Profit (loss) for the period to be appropriated | 9905 | €16,978 | €35,629 | +€18,651 | +109.8% |
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 6 October 2026 via checked.be.