Sperto: 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.
Sperto
Largest movements
- Cash -€1.1m
down €1.1m (-52.7%), from €2.1m to €998,068
mainly Investment in fixed assets (net) (-€884,342) and Current investments (-€859,030)
- Financial fixed assets +€877,131
up €877,131 (+861.8%), from €101,780 to €978,911
- Current investments +€859,030
up €859,030 (+29.1%), from €3.0m to €3.8m
- Receivables within one year +€175,743
up €175,743 (+33.5%), from €524,605 to €700,348
of which Other amounts receivable: +€178,912
- Reserves +€993,220
up €993,220 (+18.1%), from €5.5m to €6.5m
of which Distributable reserves: +€993,220
- Tax, wage and social debts -€260,703
down €260,703 (-94.8%), from €275,046 to €14,343
of which Taxes: -€264,863
- Financial income -€1.3m
down €1.3m (-70.1%), from €1.9m to €562,980
- Taxes -€153,233
down €153,233 (-34.7%), from €441,657 to €288,423
- Gross operating margin -€36,975
down €36,975 (-4.5%), from €822,443 to €785,467
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 | €5,828,826 | €6,597,127 | +€768,301 | +13.2% |
| Fixed assets | 21/28 | €236,320 | €1,082,103 | +€845,783 | +357.9% |
| Tangible fixed assets | 22/27 | €134,540 | €103,191 | -€31,348 | -23.3% |
| Plant, machinery and equipment | 23 | €283 | €0 | -€283 | -100.0% |
| Furniture and vehicles | 24 | €114,149 | €80,235 | -€33,915 | -29.7% |
| Other tangible fixed assets | 26 | €20,107 | €22,957 | +€2,850 | +14.2% |
| Financial fixed assets | 28 | €101,780 | €978,911 | +€877,131 | +861.8% |
| Current assets | 29/58 | €5,592,507 | €5,515,024 | -€77,483 | -1.4% |
| Amounts receivable within one year | 40/41 | €524,605 | €700,348 | +€175,743 | +33.5% |
| Trade receivables | 40 | €3,630 | €460 | -€3,170 | -87.3% |
| Other amounts receivable | 41 | €520,975 | €699,887 | +€178,912 | +34.3% |
| Current investments | 50/53 | €2,954,988 | €3,814,018 | +€859,030 | +29.1% |
| Cash at bank and in hand | 54/58 | €2,110,319 | €998,068 | -€1.1m | -52.7% |
| Deferred charges and accrued income | 490/1 | €2,595 | €2,591 | -€4 | -0.1% |
| Total equity and liabilities | 10/49 | €5,828,826 | €6,597,127 | +€768,301 | +13.2% |
| Equity | 10/15 | €5,520,231 | €6,513,452 | +€993,220 | +18.0% |
| Contributions | 10/11 | €37,460 | €37,460 | = | 0.0% |
| Reserves | 13 | €5,482,771 | €6,475,992 | +€993,220 | +18.1% |
| Tax-exempt reserves | 132 | €253 | €253 | = | 0.0% |
| Distributable reserves | 133 | €5,482,519 | €6,475,739 | +€993,220 | +18.1% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €308,595 | €83,675 | -€224,920 | -72.9% |
| Amounts payable within one year | 42/48 | €308,595 | €83,675 | -€224,920 | -72.9% |
| Trade debts | 44 | €1,441 | €9,170 | +€7,728 | +536.2% |
| Suppliers | 440/4 | €1,441 | €9,170 | +€7,728 | +536.2% |
| Taxes, remuneration and social security | 45 | €275,046 | €14,343 | -€260,703 | -94.8% |
| Taxes | 450/3 | €275,046 | €10,183 | -€264,863 | -96.3% |
| Remuneration and social security | 454/9 | - | €4,160 | +€4,160 | |
| Other amounts payable | 47/48 | €32,108 | €60,162 | +€28,055 | +87.4% |
| Non-recurring operating income | 76A | - | €0 | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,313 | €38,559 | -€1,753 | -4.3% |
| Other operating charges | 640/8 | €2,204 | €2,948 | +€744 | +33.8% |
| Gross operating margin | 9900 | €822,443 | €785,467 | -€36,975 | -4.5% |
| Operating profit (loss) | 9901 | €779,926 | €743,960 | -€35,967 | -4.6% |
| Financial income | 75/76B | €1,881,485 | €562,980 | -€1.3m | -70.1% |
| Recurring financial income | 75 | €1,881,485 | €562,980 | -€1.3m | -70.1% |
| Financial charges | 65/66B | €22,571 | €25,297 | +€2,725 | +12.1% |
| Recurring financial charges | 65 | €22,571 | €25,297 | +€2,725 | +12.1% |
| Profit (loss) for the period before taxes | 9903 | €2,638,840 | €1,281,643 | -€1.4m | -51.4% |
| Income taxes | 67/77 | €441,657 | €288,423 | -€153,233 | -34.7% |
| Profit (loss) for the period | 9904 | €2,197,184 | €993,220 | -€1.2m | -54.8% |
| Profit (loss) for the period to be appropriated | 9905 | €2,197,184 | €993,220 | -€1.2m | -54.8% |
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 9 October 2026 via checked.be.