SPERO NAVETTE: 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.
SPERO NAVETTE
Largest movements
- Tangible fixed assets +€28,991
up €28,991 (+41.4%), from €69,987 to €98,978
- Cash +€9,529
up €9,529 (+306%), from €3,116 to €12,645
mainly Other debts (+€36,437) and Depreciation (+€21,755)
- Receivables within one year -€3,811
down €3,811 (-49.9%), from €7,631 to €3,820
of which Trade receivables: -€6,274
- Trade debts -€36,839
down €36,839 (-73.1%), from €50,386 to €13,548
- Other debts +€36,437
up €36,437 (+202%), from €18,023 to €54,459
- Debts after one year +€18,771
new in 2025: €18,771
- Current portion of long-term debt +€14,383
new in 2025: €14,383
- Profit (loss) carried forward -€4,966
down €4,966 (-94.0%), from €5,281 to €315
- Gross operating margin +€49,881
up €49,881 (+62.7%), from €79,524 to €129,405
- Staff costs +€44,484
up €44,484 (+77.6%), from €57,299 to €101,783
- Depreciation +€9,974
up €9,974 (+84.7%), from €11,781 to €21,755
- Other operating charges +€6,681
up €6,681 (+335%), from €1,994 to €8,675
- Taxes -€2,253
no longer reported in 2025 (was €2,253)
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 | €85,439 | €120,045 | +€34,606 | +40.5% |
| Fixed assets | 21/28 | €69,987 | €98,978 | +€28,991 | +41.4% |
| Tangible fixed assets | 22/27 | €69,987 | €98,978 | +€28,991 | +41.4% |
| Furniture and vehicles | 24 | €69,987 | €98,978 | +€28,991 | +41.4% |
| Current assets | 29/58 | €15,452 | €21,067 | +€5,615 | +36.3% |
| Amounts receivable within one year | 40/41 | €7,631 | €3,820 | -€3,811 | -49.9% |
| Trade receivables | 40 | €6,712 | €438 | -€6,274 | -93.5% |
| Other amounts receivable | 41 | €919 | €3,382 | +€2,463 | +268% |
| Cash at bank and in hand | 54/58 | €3,116 | €12,645 | +€9,529 | +306% |
| Deferred charges and accrued income | 490/1 | €4,705 | €4,602 | -€103 | -2.2% |
| Total equity and liabilities | 10/49 | €85,439 | €120,045 | +€34,606 | +40.5% |
| Equity | 10/15 | €8,281 | €3,315 | -€4,966 | -60.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5,281 | €315 | -€4,966 | -94.0% |
| Amounts payable | 17/49 | €77,158 | €116,731 | +€39,572 | +51.3% |
| Amounts payable after more than one year | 17 | - | €18,771 | +€18,771 | |
| Financial debts | 170/4 | - | €18,771 | +€18,771 | |
| Amounts payable within one year | 42/48 | €77,064 | €97,560 | +€20,496 | +26.6% |
| Current portion of amounts payable after more than one year | 42 | - | €14,383 | +€14,383 | |
| Trade debts | 44 | €50,386 | €13,548 | -€36,839 | -73.1% |
| Suppliers | 440/4 | €50,386 | €13,548 | -€36,839 | -73.1% |
| Advances received on contracts in progress | 46 | - | €3,382 | +€3,382 | |
| Taxes, remuneration and social security | 45 | €8,655 | €11,788 | +€3,133 | +36.2% |
| Taxes | 450/3 | €2,490 | €4,245 | +€1,755 | +70.5% |
| Remuneration and social security | 454/9 | €6,165 | €7,543 | +€1,378 | +22.4% |
| Other amounts payable | 47/48 | €18,023 | €54,459 | +€36,437 | +202% |
| Accrued charges and deferred income | 492/3 | €95 | €399 | +€305 | +322% |
| Remuneration, social security and pensions | 62 | €57,299 | €101,783 | +€44,484 | +77.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,781 | €21,755 | +€9,974 | +84.7% |
| Other operating charges | 640/8 | €1,994 | €8,675 | +€6,681 | +335% |
| Gross operating margin | 9900 | €79,524 | €129,405 | +€49,881 | +62.7% |
| Operating profit (loss) | 9901 | €8,449 | -€2,808 | -€11,257 | |
| Financial income | 75/76B | €12 | €15 | +€3 | +24.0% |
| Recurring financial income | 75 | €12 | €15 | +€3 | +24.0% |
| Financial charges | 65/66B | €95 | €2,173 | +€2,078 | +2,195% |
| Recurring financial charges | 65 | €95 | €2,173 | +€2,078 | +2,195% |
| Profit (loss) for the period before taxes | 9903 | €8,366 | -€4,966 | -€13,332 | |
| Income taxes | 67/77 | €2,253 | - | -€2,253 | |
| Profit (loss) for the period | 9904 | €6,114 | -€4,966 | -€11,080 | |
| Profit (loss) for the period to be appropriated | 9905 | €6,114 | -€4,966 | -€11,080 |
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 27 October 2026 via checked.be.