SPIRICS: 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.
SPIRICS
Largest movements
- Cash +€105,380
up €105,380 (+141%), from €74,664 to €180,044
mainly Depreciation (+€326,425) and Receivables within one year (+€80,481)
- Receivables within one year -€80,481
down €80,481 (-23.2%), from €347,162 to €266,681
of which Trade receivables: -€88,223
- Intangible fixed assets -€61,949
down €61,949 (-7.3%), from €848,338 to €786,389
- Other debts -€184,052
down €184,052 (-98.0%), from €187,771 to €3,719
- Debts after one year +€75,123
up €75,123 (+26.0%), from €289,344 to €364,467
- Tax, wage and social debts +€51,512
up €51,512 (+19.8%), from €260,792 to €312,304
of which Remuneration and social security: +€54,635
- Reserves +€35,000
up €35,000 (+23.3%), from €150,000 to €185,000
- Gross operating margin +€520,647
up €520,647 (+32.1%), from €1.6m to €2.1m
- Staff costs +€438,242
up €438,242 (+33.3%), from €1.3m to €1.8m
- Financial income -€25,109
down €25,109 (-73.0%), from €34,389 to €9,280
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 | €1,275,015 | €1,245,271 | -€29,744 | -2.3% |
| Fixed assets | 21/28 | €850,030 | €787,709 | -€62,321 | -7.3% |
| Intangible fixed assets | 21 | €848,338 | €786,389 | -€61,949 | -7.3% |
| Tangible fixed assets | 22/27 | €1,692 | €1,320 | -€372 | -22.0% |
| Furniture and vehicles | 24 | €1,692 | €1,320 | -€372 | -22.0% |
| Current assets | 29/58 | €424,985 | €457,562 | +€32,577 | +7.7% |
| Amounts receivable within one year | 40/41 | €347,162 | €266,681 | -€80,481 | -23.2% |
| Trade receivables | 40 | €317,829 | €229,606 | -€88,223 | -27.8% |
| Other amounts receivable | 41 | €29,332 | €37,075 | +€7,743 | +26.4% |
| Cash at bank and in hand | 54/58 | €74,664 | €180,044 | +€105,380 | +141% |
| Deferred charges and accrued income | 490/1 | €3,159 | €10,837 | +€7,678 | +243% |
| Total equity and liabilities | 10/49 | €1,275,015 | €1,245,271 | -€29,744 | -2.3% |
| Equity | 10/15 | €215,073 | €243,292 | +€28,218 | +13.1% |
| Contributions | 10/11 | €45,000 | €45,000 | = | 0.0% |
| Reserves | 13 | €150,000 | €185,000 | +€35,000 | +23.3% |
| Distributable reserves | 133 | €150,000 | €185,000 | +€35,000 | +23.3% |
| Profit (loss) carried forward | 14 | €10,794 | €13,292 | +€2,498 | +23.1% |
| Investment grants | 15 | €9,280 | €0 | -€9,280 | -100% |
| Amounts payable | 17/49 | €1,059,941 | €1,001,979 | -€57,962 | -5.5% |
| Amounts payable after more than one year | 17 | €289,344 | €364,467 | +€75,123 | +26.0% |
| Financial debts | 170/4 | €289,344 | €364,467 | +€75,123 | +26.0% |
| Amounts payable within one year | 42/48 | €765,979 | €635,792 | -€130,187 | -17.0% |
| Current portion of amounts payable after more than one year | 42 | €116,805 | €119,877 | +€3,072 | +2.6% |
| Trade debts | 44 | €200,611 | €199,891 | -€720 | -0.4% |
| Suppliers | 440/4 | €200,611 | €199,891 | -€720 | -0.4% |
| Taxes, remuneration and social security | 45 | €260,792 | €312,304 | +€51,512 | +19.8% |
| Taxes | 450/3 | €49,911 | €46,788 | -€3,123 | -6.3% |
| Remuneration and social security | 454/9 | €210,881 | €265,516 | +€54,635 | +25.9% |
| Other amounts payable | 47/48 | €187,771 | €3,719 | -€184,052 | -98.0% |
| Accrued charges and deferred income | 492/3 | €4,618 | €1,720 | -€2,898 | -62.8% |
| Remuneration, social security and pensions | 62 | €1,317,818 | €1,756,061 | +€438,242 | +33.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €319,050 | €326,425 | +€7,375 | +2.3% |
| Other operating charges | 640/8 | €291 | €294 | +€4 | +1.2% |
| Gross operating margin | 9900 | €1,620,938 | €2,141,585 | +€520,647 | +32.1% |
| Operating profit (loss) | 9901 | -€16,221 | €58,805 | +€75,025 | |
| Financial income | 75/76B | €34,389 | €9,280 | -€25,109 | -73.0% |
| Recurring financial income | 75 | €34,389 | €9,280 | -€25,109 | -73.0% |
| Financial charges | 65/66B | €22,032 | €18,329 | -€3,704 | -16.8% |
| Recurring financial charges | 65 | €22,032 | €18,329 | -€3,704 | -16.8% |
| Profit (loss) for the period before taxes | 9903 | -€3,864 | €49,756 | +€53,620 | |
| Income taxes | 67/77 | €668 | €12,257 | +€11,590 | +1,736% |
| Profit (loss) for the period | 9904 | -€4,532 | €37,498 | +€42,030 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,532 | €37,498 | +€42,030 |
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 13 October 2026 via checked.be.