SPIRAL: what changed
Two fiscal 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.
SPIRAL
Largest movements
- Tangible fixed assets -€51,796
down €51,796 (-18.8%), from €274,892 to €223,096
- Trade debts -€33,714
down €33,714 (-99.3%), from €33,946 to €231
- Other debts -€12,428
down €12,428 (-5.8%), from €215,619 to €203,192
- Profit (loss) carried forward -€6,139
down €6,139 (-10.4%), from -€58,834 to -€64,972
- Gross operating margin +€4,320
up €4,320 (+35.7%), from €12,091 to €16,411
- Depreciation +€1,603
up €1,603 (+9.5%), from €16,964 to €18,567
- Financial charges -€1,030
down €1,030 (-95.5%), from €1,078 to €48
- Other operating charges -€282
down €282 (-6.6%), from €4,236 to €3,954
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 | €275,807 | €223,526 | -€52,281 | -19.0% |
| Fixed assets | 21/28 | €275,306 | €223,510 | -€51,796 | -18.8% |
| Tangible fixed assets | 22/27 | €274,892 | €223,096 | -€51,796 | -18.8% |
| Land and buildings | 22 | €274,892 | €223,096 | -€51,796 | -18.8% |
| Financial fixed assets | 28 | €414 | €414 | = | 0.0% |
| Current assets | 29/58 | €501 | €16 | -€485 | -96.8% |
| Cash at bank and in hand | 54/58 | €501 | €16 | -€485 | -96.8% |
| Total equity and liabilities | 10/49 | €275,807 | €223,526 | -€52,281 | -19.0% |
| Equity | 10/15 | €26,241 | €20,103 | -€6,139 | -23.4% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €23,075 | €23,075 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €16,875 | €16,875 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€58,834 | -€64,972 | -€6,139 | -10.4% |
| Amounts payable | 17/49 | €249,565 | €203,423 | -€46,142 | -18.5% |
| Amounts payable within one year | 42/48 | €249,565 | €203,423 | -€46,142 | -18.5% |
| Trade debts | 44 | €33,946 | €231 | -€33,714 | -99.3% |
| Suppliers | 440/4 | €33,946 | €231 | -€33,714 | -99.3% |
| Other amounts payable | 47/48 | €215,619 | €203,192 | -€12,428 | -5.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,964 | €18,567 | +€1,603 | +9.5% |
| Other operating charges | 640/8 | €4,236 | €3,954 | -€282 | -6.6% |
| Gross operating margin | 9900 | €12,091 | €16,411 | +€4,320 | +35.7% |
| Operating profit (loss) | 9901 | -€9,108 | -€6,110 | +€2,998 | +32.9% |
| Financial income | 75/76B | - | €19 | +€19 | |
| Recurring financial income | 75 | - | €19 | +€19 | |
| Financial charges | 65/66B | €1,078 | €48 | -€1,030 | -95.5% |
| Recurring financial charges | 65 | €1,078 | €48 | -€1,030 | -95.5% |
| Profit (loss) for the period before taxes | 9903 | -€10,186 | -€6,139 | +€4,047 | +39.7% |
| Profit (loss) for the period | 9904 | -€10,186 | -€6,139 | +€4,047 | +39.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€10,186 | -€6,139 | +€4,047 | +39.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.