SPERARTIS: 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.
SPERARTIS
Largest movements
- Current investments -€50,000
no longer reported in 2025 (was €50,000)
- Cash +€48,310
up €48,310 (+150%), from €32,168 to €80,478
mainly Current investments (+€50,000) and Net result for the year (+€38,702)
- Financial fixed assets +€36,715
new in 2025: €36,715
- Receivables within one year +€13,643
new in 2025: €13,643
of which Trade receivables: +€13,643
- Tangible fixed assets -€11,041
down €11,041 (-34.4%), from €32,121 to €21,080
- Reserves +€38,702
up €38,702 (+71.1%), from €54,443 to €93,146
- Debts after one year -€10,479
down €10,479 (-60.8%), from €17,237 to €6,759
- Tax, wage and social debts +€9,377
up €9,377 (+35.2%), from €26,658 to €36,035
- Gross operating margin +€5,293
up €5,293 (+9.6%), from €55,059 to €60,352
- Taxes +€1,342
up €1,342 (+14.3%), from €9,360 to €10,703
- Financial income +€1,085
new in 2025: €1,085
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 | €114,289 | €151,916 | +€37,627 | +32.9% |
| Fixed assets | 21/28 | €32,121 | €57,795 | +€25,674 | +79.9% |
| Tangible fixed assets | 22/27 | €32,121 | €21,080 | -€11,041 | -34.4% |
| Furniture and vehicles | 24 | €32,121 | €21,080 | -€11,041 | -34.4% |
| Financial fixed assets | 28 | - | €36,715 | +€36,715 | |
| Current assets | 29/58 | €82,168 | €94,121 | +€11,953 | +14.5% |
| Amounts receivable within one year | 40/41 | - | €13,643 | +€13,643 | |
| Trade receivables | 40 | - | €13,643 | +€13,643 | |
| Other amounts receivable | 41 | - | €1 | +€1 | |
| Current investments | 50/53 | €50,000 | - | -€50,000 | |
| Cash at bank and in hand | 54/58 | €32,168 | €80,478 | +€48,310 | +150% |
| Total equity and liabilities | 10/49 | €114,289 | €151,916 | +€37,627 | +32.9% |
| Equity | 10/15 | €59,443 | €98,146 | +€38,702 | +65.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €54,443 | €93,146 | +€38,702 | +71.1% |
| Distributable reserves | 133 | €54,443 | €93,146 | +€38,702 | +71.1% |
| Amounts payable | 17/49 | €54,846 | €53,771 | -€1,075 | -2.0% |
| Amounts payable after more than one year | 17 | €17,237 | €6,759 | -€10,479 | -60.8% |
| Financial debts | 170/4 | €17,237 | €6,759 | -€10,479 | -60.8% |
| Amounts payable within one year | 42/48 | €37,609 | €47,012 | +€9,403 | +25.0% |
| Current portion of amounts payable after more than one year | 42 | €10,479 | €10,479 | = | 0.0% |
| Trade debts | 44 | €82 | €499 | +€417 | +508% |
| Suppliers | 440/4 | €82 | €499 | +€417 | +508% |
| Taxes, remuneration and social security | 45 | €26,658 | €36,035 | +€9,377 | +35.2% |
| Taxes | 450/3 | €26,658 | €36,035 | +€9,377 | +35.2% |
| Other amounts payable | 47/48 | €390 | - | -€390 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,901 | €11,041 | +€141 | +1.3% |
| Other operating charges | 640/8 | €348 | €930 | +€582 | +167% |
| Gross operating margin | 9900 | €55,059 | €60,352 | +€5,293 | +9.6% |
| Operating profit (loss) | 9901 | €43,811 | €48,381 | +€4,570 | +10.4% |
| Financial income | 75/76B | - | €1,085 | +€1,085 | |
| Recurring financial income | 75 | - | €1,085 | +€1,085 | |
| Financial charges | 65/66B | €62 | €61 | -€1 | -1.1% |
| Recurring financial charges | 65 | €62 | €61 | -€1 | -1.1% |
| Profit (loss) for the period before taxes | 9903 | €43,749 | €49,405 | +€5,656 | +12.9% |
| Income taxes | 67/77 | €9,360 | €10,703 | +€1,342 | +14.3% |
| Profit (loss) for the period | 9904 | €34,389 | €38,702 | +€4,314 | +12.5% |
| Profit (loss) for the period to be appropriated | 9905 | €34,389 | €38,702 | +€4,314 | +12.5% |
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 19 October 2026 via checked.be.