Spire group: 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.
Spire group
Largest movements
- Receivables within one year -€96,293
down €96,293 (-20.2%), from €477,568 to €381,275
of which Trade receivables: -€110,107
- Cash -€6,546
down €6,546 (-53.0%), from €12,353 to €5,807
mainly Net result for the year (-€540,522) and Deferred charges and accrued income (-€5,457)
- Deferred charges and accrued income +€5,457
up €5,457 (+49.1%), from €11,125 to €16,582
- Profit (loss) carried forward -€540,522
down €540,522 (-487%), from -€110,911 to -€651,432
- Trade debts +€303,541
up €303,541 (+82.4%), from €368,208 to €671,749
- Other debts +€134,339
up €134,339 (+74.5%), from €180,249 to €314,588
- Accrued charges and deferred income +€5,260
up €5,260 (+351%), from €1,500 to €6,760
- Purchases and services +€1.1m
up €1.1m (+76.8%), from €1.5m to €2.6m
- Turnover +€557,047
up €557,047 (+44.2%), from €1.3m to €1.8m
- Gross operating margin -€536,671
down €536,671, from €14,078 to -€522,593
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 | €501,046 | €403,664 | -€97,382 | -19.4% |
| Current assets | 29/58 | €501,046 | €403,664 | -€97,382 | -19.4% |
| Amounts receivable within one year | 40/41 | €477,568 | €381,275 | -€96,293 | -20.2% |
| Trade receivables | 40 | €448,568 | €338,460 | -€110,107 | -24.5% |
| Other amounts receivable | 41 | €29,000 | €42,815 | +€13,814 | +47.6% |
| Cash at bank and in hand | 54/58 | €12,353 | €5,807 | -€6,546 | -53.0% |
| Deferred charges and accrued income | 490/1 | €11,125 | €16,582 | +€5,457 | +49.1% |
| Total equity and liabilities | 10/49 | €501,046 | €403,664 | -€97,382 | -19.4% |
| Equity | 10/15 | -€48,911 | -€589,432 | -€540,522 | -1,105% |
| 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% |
| Profit (loss) carried forward | 14 | -€110,911 | -€651,432 | -€540,522 | -487% |
| Amounts payable | 17/49 | €549,956 | €993,096 | +€443,140 | +80.6% |
| Amounts payable within one year | 42/48 | €548,456 | €986,336 | +€437,880 | +79.8% |
| Trade debts | 44 | €368,208 | €671,749 | +€303,541 | +82.4% |
| Suppliers | 440/4 | €368,208 | €671,749 | +€303,541 | +82.4% |
| Other amounts payable | 47/48 | €180,249 | €314,588 | +€134,339 | +74.5% |
| Accrued charges and deferred income | 492/3 | €1,500 | €6,760 | +€5,260 | +351% |
| Turnover | 70 | €1,259,248 | €1,816,295 | +€557,047 | +44.2% |
| Goods, raw materials, services and sundry goods | 60/61 | €1,476,175 | €2,609,260 | +€1.1m | +76.8% |
| Other operating charges | 640/8 | €1,246 | €855 | -€390 | -31.3% |
| Gross operating margin | 9900 | €14,078 | -€522,593 | -€536,671 | |
| Operating profit (loss) | 9901 | €12,832 | -€523,448 | -€536,281 | |
| Financial income | 75/76B | €109 | €198 | +€89 | +81.3% |
| Recurring financial income | 75 | €109 | €198 | +€89 | +81.3% |
| Financial charges | 65/66B | €11,455 | €17,271 | +€5,816 | +50.8% |
| Recurring financial charges | 65 | €11,455 | €17,271 | +€5,816 | +50.8% |
| Profit (loss) for the period before taxes | 9903 | €1,486 | -€540,522 | -€542,008 | |
| Profit (loss) for the period | 9904 | €1,486 | -€540,522 | -€542,008 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,486 | -€540,522 | -€542,008 |
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 16 October 2026 via checked.be.