SPIR-IT: 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.
SPIR-IT
Largest movements
- Cash -€20,469
down €20,469 (-30.8%), from €66,401 to €45,932
mainly Debts after one year (-€72,513) and Current portion of long-term debt (-€30,114)
- Tangible fixed assets -€19,546
down €19,546 (-11.9%), from €164,395 to €144,849
of which Land and buildings: -€12,169
- Receivables within one year -€15,060
down €15,060 (-60.8%), from €24,750 to €9,690
- Profit (loss) carried forward +€87,341
up €87,341 (+20.9%), from -€418,213 to -€330,872
- Debts after one year -€72,513
down €72,513 (-25.8%), from €280,992 to €208,479
- Current portion of long-term debt -€30,114
down €30,114 (-29.3%), from €102,627 to €72,513
- Tax, wage and social debts -€24,289
down €24,289 (-60.0%), from €40,510 to €16,221
- Other debts -€14,857
down €14,857 (-31.9%), from €46,537 to €31,680
- Gross operating margin -€24,061
down €24,061 (-11.7%), from €206,204 to €182,144
- Other operating charges +€14,867
up €14,867 (+518%), from €2,872 to €17,738
- Taxes +€6,652
up €6,652 (+22.7%), from €29,365 to €36,017
- Depreciation +€5,009
up €5,009 (+23.9%), from €20,916 to €25,924
- Financial charges -€3,224
down €3,224 (-17.2%), from €18,724 to €15,500
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 | €259,028 | €201,450 | -€57,578 | -22.2% |
| Fixed assets | 21/28 | €166,168 | €144,849 | -€21,319 | -12.8% |
| Intangible fixed assets | 21 | €1,773 | - | -€1,773 | |
| Tangible fixed assets | 22/27 | €164,395 | €144,849 | -€19,546 | -11.9% |
| Land and buildings | 22 | €115,130 | €102,962 | -€12,169 | -10.6% |
| Plant, machinery and equipment | 23 | €1,107 | €3,252 | +€2,145 | +194% |
| Furniture and vehicles | 24 | €21,386 | €15,159 | -€6,227 | -29.1% |
| Other tangible fixed assets | 26 | €26,772 | €23,477 | -€3,295 | -12.3% |
| Current assets | 29/58 | €92,860 | €56,601 | -€36,259 | -39.0% |
| Amounts receivable within one year | 40/41 | €24,750 | €9,690 | -€15,060 | -60.8% |
| Trade receivables | 40 | €24,750 | €9,690 | -€15,060 | -60.8% |
| Cash at bank and in hand | 54/58 | €66,401 | €45,932 | -€20,469 | -30.8% |
| Deferred charges and accrued income | 490/1 | €1,709 | €979 | -€730 | -42.7% |
| Total equity and liabilities | 10/49 | €259,028 | €201,450 | -€57,578 | -22.2% |
| Equity | 10/15 | -€223,112 | -€135,771 | +€87,341 | +39.1% |
| Contributions | 10/11 | €14,260 | €14,260 | = | 0.0% |
| Reserves | 13 | €180,841 | €180,841 | = | 0.0% |
| Tax-exempt reserves | 132 | €6,505 | €6,505 | = | 0.0% |
| Distributable reserves | 133 | €174,336 | €174,336 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€418,213 | -€330,872 | +€87,341 | +20.9% |
| Amounts payable | 17/49 | €482,140 | €337,221 | -€144,919 | -30.1% |
| Amounts payable after more than one year | 17 | €280,992 | €208,479 | -€72,513 | -25.8% |
| Financial debts | 170/4 | €280,992 | €208,479 | -€72,513 | -25.8% |
| Amounts payable within one year | 42/48 | €201,148 | €128,742 | -€72,406 | -36.0% |
| Current portion of amounts payable after more than one year | 42 | €102,627 | €72,513 | -€30,114 | -29.3% |
| Trade debts | 44 | €11,475 | €8,329 | -€3,146 | -27.4% |
| Suppliers | 440/4 | €11,475 | €8,329 | -€3,146 | -27.4% |
| Taxes, remuneration and social security | 45 | €40,510 | €16,221 | -€24,289 | -60.0% |
| Taxes | 450/3 | €40,510 | €16,221 | -€24,289 | -60.0% |
| Other amounts payable | 47/48 | €46,537 | €31,680 | -€14,857 | -31.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,916 | €25,924 | +€5,009 | +23.9% |
| Other operating charges | 640/8 | €2,872 | €17,738 | +€14,867 | +518% |
| Non-recurring operating charges | 66A | €385 | - | -€385 | |
| Gross operating margin | 9900 | €206,204 | €182,144 | -€24,061 | -11.7% |
| Operating profit (loss) | 9901 | €182,032 | €138,481 | -€43,551 | -23.9% |
| Financial income | 75/76B | €152 | €377 | +€225 | +148% |
| Recurring financial income | 75 | €152 | €377 | +€225 | +148% |
| Financial charges | 65/66B | €18,724 | €15,500 | -€3,224 | -17.2% |
| Recurring financial charges | 65 | €18,724 | €15,500 | -€3,224 | -17.2% |
| Profit (loss) for the period before taxes | 9903 | €163,460 | €123,357 | -€40,102 | -24.5% |
| Income taxes | 67/77 | €29,365 | €36,017 | +€6,652 | +22.7% |
| Profit (loss) for the period | 9904 | €134,095 | €87,341 | -€46,754 | -34.9% |
| Profit (loss) for the period to be appropriated | 9905 | €134,095 | €87,341 | -€46,754 | -34.9% |
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 15 October 2026 via checked.be.