SPIRIDON 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.
SPIRIDON GROUP
Largest movements
- Receivables within one year -€28,055
down €28,055 (-38.0%), from €73,880 to €45,825
of which Trade receivables: -€20,839
- Stocks and contracts +€11,437
up €11,437 (+25.9%), from €44,137 to €55,574
- Cash +€2,261
up €2,261 (+379%), from €596 to €2,857
mainly Receivables within one year (+€28,055) and Advances received (+€5,507)
- Financial fixed assets -€1,800
no longer reported in 2025 (was €1,800)
- Trade debts -€10,042
down €10,042 (-12.7%), from €79,126 to €69,084
- Tax, wage and social debts -€6,257
down €6,257 (-94.5%), from €6,621 to €364
- Advances received +€5,507
up €5,507 (+32.3%), from €17,049 to €22,556
- Debts after one year -€4,302
down €4,302 (-85.0%), from €5,060 to €758
- Profit (loss) carried forward -€3,212
down €3,212, from €1,741 to -€1,471
- Turnover -€82,402
down €82,402 (-63.2%), from €130,356 to €47,954
- Purchases and services -€65,327
down €65,327 (-57.8%), from €113,035 to €47,708
- Staff costs -€28,594
down €28,594 (-92.4%), from €30,954 to €2,360
- Gross operating margin -€17,075
down €17,075 (-98.6%), from €17,321 to €246
- Financial income -€4,078
down €4,078 (-77.2%), from €5,280 to €1,202
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 | €121,377 | €104,641 | -€16,736 | -13.8% |
| Fixed assets | 21/28 | €2,764 | €385 | -€2,379 | -86.1% |
| Tangible fixed assets | 22/27 | €964 | €385 | -€579 | -60.1% |
| Plant, machinery and equipment | 23 | €964 | €385 | -€579 | -60.1% |
| Financial fixed assets | 28 | €1,800 | - | -€1,800 | |
| Current assets | 29/58 | €118,613 | €104,256 | -€14,357 | -12.1% |
| Stocks and contracts in progress | 3 | €44,137 | €55,574 | +€11,437 | +25.9% |
| Stocks | 30/36 | €44,137 | €55,574 | +€11,437 | +25.9% |
| Amounts receivable within one year | 40/41 | €73,880 | €45,825 | -€28,055 | -38.0% |
| Trade receivables | 40 | €41,375 | €20,536 | -€20,839 | -50.4% |
| Other amounts receivable | 41 | €32,505 | €25,289 | -€7,216 | -22.2% |
| Cash at bank and in hand | 54/58 | €596 | €2,857 | +€2,261 | +379% |
| Total equity and liabilities | 10/49 | €121,377 | €104,641 | -€16,736 | -13.8% |
| Equity | 10/15 | €9,212 | €6,000 | -€3,212 | -34.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,271 | €1,271 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,271 | €1,271 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,271 | €1,271 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,741 | -€1,471 | -€3,212 | |
| Amounts payable | 17/49 | €112,165 | €98,641 | -€13,524 | -12.1% |
| Amounts payable after more than one year | 17 | €5,060 | €758 | -€4,302 | -85.0% |
| Financial debts | 170/4 | €5,060 | €758 | -€4,302 | -85.0% |
| Amounts payable within one year | 42/48 | €107,105 | €97,883 | -€9,222 | -8.6% |
| Current portion of amounts payable after more than one year | 42 | €4,309 | €5,091 | +€782 | +18.1% |
| Trade debts | 44 | €79,126 | €69,084 | -€10,042 | -12.7% |
| Suppliers | 440/4 | €79,126 | €69,084 | -€10,042 | -12.7% |
| Advances received on contracts in progress | 46 | €17,049 | €22,556 | +€5,507 | +32.3% |
| Taxes, remuneration and social security | 45 | €6,621 | €364 | -€6,257 | -94.5% |
| Remuneration and social security | 454/9 | €6,621 | €364 | -€6,257 | -94.5% |
| Other amounts payable | 47/48 | - | €788 | +€788 | |
| Turnover | 70 | €130,356 | €47,954 | -€82,402 | -63.2% |
| Goods, raw materials, services and sundry goods | 60/61 | €113,035 | €47,708 | -€65,327 | -57.8% |
| Remuneration, social security and pensions | 62 | €30,954 | €2,360 | -€28,594 | -92.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €579 | €579 | = | 0.0% |
| Other operating charges | 640/8 | €209 | €9 | -€200 | -95.7% |
| Gross operating margin | 9900 | €17,321 | €246 | -€17,075 | -98.6% |
| Operating profit (loss) | 9901 | -€14,421 | -€2,702 | +€11,719 | +81.3% |
| Financial income | 75/76B | €5,280 | €1,202 | -€4,078 | -77.2% |
| Recurring financial income | 75 | €5,280 | €1,202 | -€4,078 | -77.2% |
| Financial charges | 65/66B | €5,191 | €1,712 | -€3,479 | -67.0% |
| Recurring financial charges | 65 | €5,191 | €1,712 | -€3,479 | -67.0% |
| Profit (loss) for the period before taxes | 9903 | -€14,332 | -€3,212 | +€11,120 | +77.6% |
| Profit (loss) for the period | 9904 | -€14,332 | -€3,212 | +€11,120 | +77.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€14,332 | -€3,212 | +€11,120 | +77.6% |
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 23 October 2026 via checked.be.