SPIREC: 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.
SPIREC
Largest movements
- Cash +€365,147
up €365,147 (+623.5%), from €58,566 to €423,713
mainly Other debts (+€264,762) and Net result for the year (+€264,708)
- Current investments -€149,098
no longer reported in 2025 (was €149,098)
- Receivables within one year +€51,685
up €51,685 (+148.9%), from €34,714 to €86,399
of which Other amounts receivable: +€39,080
- Tangible fixed assets -€20,102
down €20,102 (-37.0%), from €54,347 to €34,246
of which Other tangible fixed assets: -€20,708
- Other debts +€264,762
up €264,762 (+46942.7%), from €564 to €265,326
- Tax, wage and social debts +€14,056
up €14,056 (+34.6%), from €40,590 to €54,646
of which Remuneration and social security: +€23,813
- Current portion of long-term debt -€13,408
no longer reported in 2025 (was €13,408)
- Trade debts -€7,389
down €7,389 (-19.4%), from €38,054 to €30,665
- Gross operating margin +€233,871
up €233,871 (+80.7%), from €289,918 to €523,788
- Staff costs +€24,436
up €24,436 (+10.8%), from €225,764 to €250,200
- Taxes -€12,331
down €12,331 (-87.0%), from €14,165 to €1,834
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 | €352,861 | €610,923 | +€258,062 | +73.1% |
| Fixed assets | 21/28 | €55,147 | €35,046 | -€20,102 | -36.5% |
| Tangible fixed assets | 22/27 | €54,347 | €34,246 | -€20,102 | -37.0% |
| Plant, machinery and equipment | 23 | €4,851 | €3,559 | -€1,291 | -26.6% |
| Furniture and vehicles | 24 | €8,173 | €10,071 | +€1,898 | +23.2% |
| Other tangible fixed assets | 26 | €41,324 | €20,616 | -€20,708 | -50.1% |
| Financial fixed assets | 28 | €800 | €800 | = | 0.0% |
| Current assets | 29/58 | €297,713 | €575,877 | +€278,164 | +93.4% |
| Stocks and contracts in progress | 3 | €52,579 | €57,308 | +€4,729 | +9.0% |
| Stocks | 30/36 | €52,579 | €57,308 | +€4,729 | +9.0% |
| Amounts receivable within one year | 40/41 | €34,714 | €86,399 | +€51,685 | +148.9% |
| Trade receivables | 40 | €427 | €13,031 | +€12,604 | +2954.8% |
| Other amounts receivable | 41 | €34,288 | €73,368 | +€39,080 | +114.0% |
| Current investments | 50/53 | €149,098 | - | -€149,098 | |
| Cash at bank and in hand | 54/58 | €58,566 | €423,713 | +€365,147 | +623.5% |
| Deferred charges and accrued income | 490/1 | €2,756 | €8,457 | +€5,702 | +206.9% |
| Total equity and liabilities | 10/49 | €352,861 | €610,923 | +€258,062 | +73.1% |
| Equity | 10/15 | €260,086 | €260,086 | +€0 | 0.0% |
| Contributions | 10/11 | €60,000 | €60,000 | = | 0.0% |
| Reserves | 13 | €6,000 | €6,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,000 | - | -€6,000 | |
| Reserves not available under the articles | 1311 | €6,000 | - | -€6,000 | |
| Distributable reserves | 133 | - | €6,000 | +€6,000 | |
| Profit (loss) carried forward | 14 | €190,961 | €194,086 | +€3,125 | +1.6% |
| Investment grants | 15 | €3,125 | - | -€3,125 | |
| Amounts payable | 17/49 | €92,775 | €350,837 | +€258,062 | +278.2% |
| Amounts payable within one year | 42/48 | €92,616 | €350,637 | +€258,022 | +278.6% |
| Current portion of amounts payable after more than one year | 42 | €13,408 | - | -€13,408 | |
| Trade debts | 44 | €38,054 | €30,665 | -€7,389 | -19.4% |
| Suppliers | 440/4 | €38,054 | €30,665 | -€7,389 | -19.4% |
| Taxes, remuneration and social security | 45 | €40,590 | €54,646 | +€14,056 | +34.6% |
| Taxes | 450/3 | €15,384 | €5,627 | -€9,756 | -63.4% |
| Remuneration and social security | 454/9 | €25,206 | €49,019 | +€23,813 | +94.5% |
| Other amounts payable | 47/48 | €564 | €265,326 | +€264,762 | +46942.7% |
| Accrued charges and deferred income | 492/3 | €159 | €200 | +€40 | +25.4% |
| Remuneration, social security and pensions | 62 | €225,764 | €250,200 | +€24,436 | +10.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,785 | €24,189 | +€405 | +1.7% |
| Other operating charges | 640/8 | €452 | €1,164 | +€712 | +157.6% |
| Gross operating margin | 9900 | €289,918 | €523,788 | +€233,871 | +80.7% |
| Operating profit (loss) | 9901 | €39,918 | €248,235 | +€208,318 | +521.9% |
| Financial income | 75/76B | €16,388 | €20,828 | +€4,440 | +27.1% |
| Recurring financial income | 75 | €16,388 | €20,828 | +€4,440 | +27.1% |
| Financial charges | 65/66B | €2,696 | €2,521 | -€175 | -6.5% |
| Recurring financial charges | 65 | €2,696 | €2,521 | -€175 | -6.5% |
| Profit (loss) for the period before taxes | 9903 | €53,610 | €266,543 | +€212,933 | +397.2% |
| Income taxes | 67/77 | €14,165 | €1,834 | -€12,331 | -87.0% |
| Profit (loss) for the period | 9904 | €39,445 | €264,708 | +€225,263 | +571.1% |
| Profit (loss) for the period to be appropriated | 9905 | €39,445 | €264,708 | +€225,263 | +571.1% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.