SPEKTRO: 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.
SPEKTRO
Largest movements
- Cash +€28,077
up €28,077 (+24.5%), from €114,751 to €142,828
mainly Net result for the year (+€27,402) and Receivables within one year (+€1,908)
- Receivables within one year -€1,908
down €1,908 (-44.9%), from €4,252 to €2,344
of which Trade receivables: -€1,539
- Deferred charges and accrued income +€1,514
up €1,514 (+118.9%), from €1,273 to €2,787
- Reserves +€27,402
up €27,402 (+295.9%), from €9,259 to €36,661
of which Distributable reserves: +€27,402
- Profit (loss) carried forward -€1,666
down €1,666 (-1.9%), from €86,279 to €84,613
- Gross operating margin +€30,623
up €30,623 (+292.8%), from €10,460 to €41,084
- Taxes +€11,105
up €11,105 (+404.7%), from €2,744 to €13,849
- Financial income +€759
up €759 (+179.1%), from €424 to €1,183
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 | €120,908 | €148,591 | +€27,682 | +22.9% |
| Fixed assets | 21/28 | €632 | €632 | = | 0.0% |
| Financial fixed assets | 28 | €632 | €632 | = | 0.0% |
| Current assets | 29/58 | €120,276 | €147,958 | +€27,682 | +23.0% |
| Amounts receivable within one year | 40/41 | €4,252 | €2,344 | -€1,908 | -44.9% |
| Trade receivables | 40 | €3,003 | €1,464 | -€1,539 | -51.3% |
| Other amounts receivable | 41 | €1,249 | €880 | -€369 | -29.5% |
| Cash at bank and in hand | 54/58 | €114,751 | €142,828 | +€28,077 | +24.5% |
| Deferred charges and accrued income | 490/1 | €1,273 | €2,787 | +€1,514 | +118.9% |
| Total equity and liabilities | 10/49 | €120,908 | €148,591 | +€27,682 | +22.9% |
| Equity | 10/15 | €114,538 | €140,274 | +€25,736 | +22.5% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | €9,259 | €36,661 | +€27,402 | +295.9% |
| Non-distributable reserves | 130/1 | €1,900 | €1,900 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,900 | €1,900 | = | 0.0% |
| Distributable reserves | 133 | €7,359 | €34,761 | +€27,402 | +372.4% |
| Profit (loss) carried forward | 14 | €86,279 | €84,613 | -€1,666 | -1.9% |
| Amounts payable | 17/49 | €6,371 | €8,317 | +€1,946 | +30.6% |
| Amounts payable within one year | 42/48 | €6,371 | €8,317 | +€1,946 | +30.6% |
| Trade debts | 44 | €2,045 | €2,235 | +€190 | +9.3% |
| Suppliers | 440/4 | €2,045 | €2,235 | +€190 | +9.3% |
| Taxes, remuneration and social security | 45 | €2,726 | €3,718 | +€992 | +36.4% |
| Taxes | 450/3 | €2,726 | €3,718 | +€992 | +36.4% |
| Other amounts payable | 47/48 | €1,600 | €2,365 | +€765 | +47.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | - | = | |
| Other operating charges | 640/8 | €688 | €836 | +€148 | +21.6% |
| Gross operating margin | 9900 | €10,460 | €41,084 | +€30,623 | +292.8% |
| Operating profit (loss) | 9901 | €9,772 | €40,247 | +€30,475 | +311.8% |
| Financial income | 75/76B | €424 | €1,183 | +€759 | +179.1% |
| Recurring financial income | 75 | €424 | €1,183 | +€759 | +179.1% |
| Financial charges | 65/66B | €93 | €179 | +€87 | +93.1% |
| Recurring financial charges | 65 | €93 | €179 | +€87 | +93.1% |
| Profit (loss) for the period before taxes | 9903 | €10,103 | €41,251 | +€31,148 | +308.3% |
| Income taxes | 67/77 | €2,744 | €13,849 | +€11,105 | +404.7% |
| Profit (loss) for the period | 9904 | €7,359 | €27,402 | +€20,043 | +272.4% |
| Profit (loss) for the period to be appropriated | 9905 | €7,359 | €27,402 | +€20,043 | +272.4% |
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 12 October 2026 via checked.be.