SPIRA: 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.
SPIRA
Largest movements
- Current investments -€200,000
down €200,000 (-100.0%), from €200,000 to €0
- Cash +€187,599
up €187,599 (+152.4%), from €123,079 to €310,678
mainly Current investments (+€200,000) and Depreciation (+€82,757)
- Receivables within one year +€154,878
up €154,878 (+62.8%), from €246,502 to €401,380
of which Trade receivables: +€116,437
- Tangible fixed assets -€109,123
down €109,123 (-26.8%), from €407,393 to €298,270
- Stocks and contracts +€35,000
up €35,000 (+25.9%), from €135,000 to €170,000
- Advances received +€42,237
new in 2025: €42,237
- Reserves -€20,833
down €20,833 (-2.2%), from €934,000 to €913,167
of which Distributable reserves: -€20,833
- Trade debts +€12,764
up €12,764 (+26.4%), from €48,266 to €61,030
No income-statement line moved by more than 1% of the activity.
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 | €1,167,858 | €1,199,274 | +€31,415 | +2.7% |
| Fixed assets | 21/28 | €411,140 | €302,017 | -€109,123 | -26.5% |
| Tangible fixed assets | 22/27 | €407,393 | €298,270 | -€109,123 | -26.8% |
| Land and buildings | 22 | €266,034 | €222,263 | -€43,771 | -16.5% |
| Plant, machinery and equipment | 23 | €27,231 | €14,019 | -€13,212 | -48.5% |
| Furniture and vehicles | 24 | €29,765 | €36,129 | +€6,364 | +21.4% |
| Leasing and similar rights | 25 | €38,789 | €25,859 | -€12,930 | -33.3% |
| Other tangible fixed assets | 26 | €45,575 | €0 | -€45,575 | -100.0% |
| Financial fixed assets | 28 | €3,747 | €3,747 | = | 0.0% |
| Current assets | 29/58 | €756,718 | €897,257 | +€140,539 | +18.6% |
| Amounts receivable after more than one year | 29 | €31,708 | €0 | -€31,708 | -100.0% |
| Other amounts receivable | 291 | €31,708 | €0 | -€31,708 | -100.0% |
| Stocks and contracts in progress | 3 | €135,000 | €170,000 | +€35,000 | +25.9% |
| Stocks | 30/36 | €135,000 | €170,000 | +€35,000 | +25.9% |
| Amounts receivable within one year | 40/41 | €246,502 | €401,380 | +€154,878 | +62.8% |
| Trade receivables | 40 | €212,269 | €328,707 | +€116,437 | +54.9% |
| Other amounts receivable | 41 | €34,233 | €72,673 | +€38,440 | +112.3% |
| Current investments | 50/53 | €200,000 | €0 | -€200,000 | -100.0% |
| Cash at bank and in hand | 54/58 | €123,079 | €310,678 | +€187,599 | +152.4% |
| Deferred charges and accrued income | 490/1 | €20,429 | €15,199 | -€5,231 | -25.6% |
| Total equity and liabilities | 10/49 | €1,167,858 | €1,199,274 | +€31,415 | +2.7% |
| Equity | 10/15 | €1,034,986 | €1,014,153 | -€20,833 | -2.0% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €934,000 | €913,167 | -€20,833 | -2.2% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Legal reserve | 130 | €10,000 | €10,000 | = | 0.0% |
| Distributable reserves | 133 | €924,000 | €903,167 | -€20,833 | -2.3% |
| Profit (loss) carried forward | 14 | €986 | €986 | = | 0.0% |
| Amounts payable | 17/49 | €132,873 | €185,121 | +€52,248 | +39.3% |
| Amounts payable within one year | 42/48 | €132,873 | €185,121 | +€52,248 | +39.3% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €48,266 | €61,030 | +€12,764 | +26.4% |
| Suppliers | 440/4 | €48,266 | €61,030 | +€12,764 | +26.4% |
| Advances received on contracts in progress | 46 | - | €42,237 | +€42,237 | |
| Taxes, remuneration and social security | 45 | €62,107 | €60,853 | -€1,254 | -2.0% |
| Taxes | 450/3 | €16,058 | €18,542 | +€2,484 | +15.5% |
| Remuneration and social security | 454/9 | €46,049 | €42,312 | -€3,737 | -8.1% |
| Other amounts payable | 47/48 | €22,500 | €21,000 | -€1,500 | -6.7% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €665,328 | €664,194 | -€1,135 | -0.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €87,882 | €82,757 | -€5,126 | -5.8% |
| Other operating charges | 640/8 | €31,167 | €28,134 | -€3,033 | -9.7% |
| Non-recurring operating charges | 66A | €7,470 | €1,000 | -€6,470 | -86.6% |
| Gross operating margin | 9900 | €853,871 | €847,858 | -€6,013 | -0.7% |
| Operating profit (loss) | 9901 | €62,024 | €71,774 | +€9,750 | +15.7% |
| Financial income | 75/76B | €645 | €3,143 | +€2,499 | +387.7% |
| Recurring financial income | 75 | €645 | €3,143 | +€2,499 | +387.7% |
| Financial charges | 65/66B | €1,349 | €1,862 | +€513 | +38.0% |
| Recurring financial charges | 65 | €1,349 | €1,862 | +€513 | +38.0% |
| Profit (loss) for the period before taxes | 9903 | €61,319 | €73,055 | +€11,736 | +19.1% |
| Income taxes | 67/77 | €16,238 | €23,888 | +€7,650 | +47.1% |
| Profit (loss) for the period | 9904 | €45,081 | €49,167 | +€4,086 | +9.1% |
| Profit (loss) for the period to be appropriated | 9905 | €45,081 | €49,167 | +€4,086 | +9.1% |
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 10 October 2026 via checked.be.