SPIRAL SW: 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 SW
Largest movements
- Cash +€36,222
up €36,222 (+16.9%), from €213,801 to €250,023
mainly Net result for the year (+€47,023) and Depreciation (+€19,993)
- Financial fixed assets +€23,000
new in 2025: €23,000
- Receivables within one year -€15,119
down €15,119 (-51.5%), from €29,370 to €14,251
of which Trade receivables: -€15,119
- Tangible fixed assets -€11,809
down €11,809 (-3.2%), from €374,446 to €362,637
of which Land and buildings: -€8,637
- Reserves +€45,000
up €45,000 (+122.1%), from €36,860 to €81,860
of which Distributable reserves: +€45,000
- Current portion of long-term debt -€20,583
no longer reported in 2025 (was €20,583)
- Gross operating margin +€5,605
up €5,605 (+7.0%), from €79,585 to €85,190
- Depreciation -€5,192
down €5,192 (-20.6%), from €25,185 to €19,993
- Taxes +€2,645
up €2,645 (+18.2%), from €14,531 to €17,176
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 | €617,617 | €649,911 | +€32,294 | +5.2% |
| Fixed assets | 21/28 | €374,446 | €385,637 | +€11,191 | +3.0% |
| Tangible fixed assets | 22/27 | €374,446 | €362,637 | -€11,809 | -3.2% |
| Land and buildings | 22 | €357,273 | €348,636 | -€8,637 | -2.4% |
| Plant, machinery and equipment | 23 | €8,317 | €3,021 | -€5,296 | -63.7% |
| Furniture and vehicles | 24 | €8,856 | €10,980 | +€2,124 | +24.0% |
| Financial fixed assets | 28 | - | €23,000 | +€23,000 | |
| Current assets | 29/58 | €243,171 | €264,274 | +€21,103 | +8.7% |
| Amounts receivable within one year | 40/41 | €29,370 | €14,251 | -€15,119 | -51.5% |
| Trade receivables | 40 | €29,349 | €14,230 | -€15,119 | -51.5% |
| Other amounts receivable | 41 | €21 | €21 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €213,801 | €250,023 | +€36,222 | +16.9% |
| Total equity and liabilities | 10/49 | €617,617 | €649,911 | +€32,294 | +5.2% |
| Equity | 10/15 | €558,558 | €605,581 | +€47,023 | +8.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €36,860 | €81,860 | +€45,000 | +122.1% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €35,000 | €80,000 | +€45,000 | +128.6% |
| Profit (loss) carried forward | 14 | €509,298 | €511,321 | +€2,023 | +0.4% |
| Amounts payable | 17/49 | €59,059 | €44,330 | -€14,729 | -24.9% |
| Amounts payable within one year | 42/48 | €59,059 | €44,330 | -€14,729 | -24.9% |
| Current portion of amounts payable after more than one year | 42 | €20,583 | - | -€20,583 | |
| Trade debts | 44 | €163 | €3,857 | +€3,694 | +2266.3% |
| Suppliers | 440/4 | €163 | €3,857 | +€3,694 | +2266.3% |
| Taxes, remuneration and social security | 45 | €14,749 | €13,089 | -€1,660 | -11.3% |
| Taxes | 450/3 | €14,749 | €13,089 | -€1,660 | -11.3% |
| Other amounts payable | 47/48 | €23,564 | €27,384 | +€3,820 | +16.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,185 | €19,993 | -€5,192 | -20.6% |
| Other operating charges | 640/8 | €978 | €1,142 | +€164 | +16.8% |
| Gross operating margin | 9900 | €79,585 | €85,190 | +€5,605 | +7.0% |
| Operating profit (loss) | 9901 | €53,422 | €64,055 | +€10,633 | +19.9% |
| Financial income | 75/76B | €270 | €557 | +€287 | +106.3% |
| Recurring financial income | 75 | €270 | €557 | +€287 | +106.3% |
| Financial charges | 65/66B | €1,057 | €413 | -€644 | -60.9% |
| Recurring financial charges | 65 | €1,057 | €413 | -€644 | -60.9% |
| Profit (loss) for the period before taxes | 9903 | €52,635 | €64,199 | +€11,564 | +22.0% |
| Income taxes | 67/77 | €14,531 | €17,176 | +€2,645 | +18.2% |
| Profit (loss) for the period | 9904 | €38,104 | €47,023 | +€8,919 | +23.4% |
| Profit (loss) for the period to be appropriated | 9905 | €38,104 | €47,023 | +€8,919 | +23.4% |
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 8 October 2026 via checked.be.