SPIRIT: 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.
SPIRIT
Largest movements
- Tangible fixed assets -€15,775
down €15,775 (-28.8%), from €54,697 to €38,922
of which Furniture and vehicles: -€8,646
- Cash -€11,379
down €11,379 (-36.5%), from €31,204 to €19,825
mainly Net result for the year (-€21,126) and Debts after one year (-€8,771)
- Deferred charges and accrued income +€5,034
up €5,034 (+2,019%), from €249 to €5,283
- Receivables within one year +€4,355
up €4,355 (+160%), from €2,716 to €7,071
of which Other amounts receivable: +€5,196
- Profit (loss) carried forward -€19,267
new in 2025: -€19,267
- Trade debts +€9,055
up €9,055 (+344%), from €2,631 to €11,685
- Debts after one year -€8,771
down €8,771 (-40.2%), from €21,816 to €13,046
- Tax, wage and social debts +€2,699
up €2,699 (+31.3%), from €8,621 to €11,319
of which Remuneration and social security: +€2,282
- Reserves -€1,859
down €1,859 (-7.7%), from €24,020 to €22,161
- Gross operating margin -€44,405
down €44,405 (-54.7%), from €81,230 to €36,825
- Staff costs -€9,393
down €9,393 (-19.3%), from €48,566 to €39,173
- Taxes -€4,503
no longer reported in 2025 (was €4,503)
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 | €89,930 | €71,101 | -€18,828 | -20.9% |
| Fixed assets | 21/28 | €54,883 | €38,922 | -€15,961 | -29.1% |
| Tangible fixed assets | 22/27 | €54,697 | €38,922 | -€15,775 | -28.8% |
| Land and buildings | 22 | €7,877 | €6,435 | -€1,443 | -18.3% |
| Plant, machinery and equipment | 23 | €9,261 | €3,574 | -€5,687 | -61.4% |
| Furniture and vehicles | 24 | €37,559 | €28,913 | -€8,646 | -23.0% |
| Financial fixed assets | 28 | €186 | - | -€186 | |
| Current assets | 29/58 | €35,046 | €32,179 | -€2,867 | -8.2% |
| Stocks and contracts in progress | 3 | €877 | - | -€877 | |
| Stocks | 30/36 | €877 | - | -€877 | |
| Amounts receivable within one year | 40/41 | €2,716 | €7,071 | +€4,355 | +160% |
| Trade receivables | 40 | €2,198 | €1,357 | -€841 | -38.3% |
| Other amounts receivable | 41 | €518 | €5,714 | +€5,196 | +1,003% |
| Cash at bank and in hand | 54/58 | €31,204 | €19,825 | -€11,379 | -36.5% |
| Deferred charges and accrued income | 490/1 | €249 | €5,283 | +€5,034 | +2,019% |
| Total equity and liabilities | 10/49 | €89,930 | €71,101 | -€18,828 | -20.9% |
| Equity | 10/15 | €42,620 | €21,494 | -€21,126 | -49.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €24,020 | €22,161 | -€1,859 | -7.7% |
| Distributable reserves | 133 | €24,020 | €22,161 | -€1,859 | -7.7% |
| Profit (loss) carried forward | 14 | - | -€19,267 | -€19,267 | |
| Amounts payable | 17/49 | €47,309 | €49,607 | +€2,298 | +4.9% |
| Amounts payable after more than one year | 17 | €21,816 | €13,046 | -€8,771 | -40.2% |
| Financial debts | 170/4 | €21,816 | €13,046 | -€8,771 | -40.2% |
| Amounts payable within one year | 42/48 | €24,290 | €36,191 | +€11,901 | +49.0% |
| Current portion of amounts payable after more than one year | 42 | €8,424 | €8,771 | +€346 | +4.1% |
| Trade debts | 44 | €2,631 | €11,685 | +€9,055 | +344% |
| Suppliers | 440/4 | €2,631 | €11,685 | +€9,055 | +344% |
| Taxes, remuneration and social security | 45 | €8,621 | €11,319 | +€2,699 | +31.3% |
| Taxes | 450/3 | €3,478 | €3,894 | +€416 | +12.0% |
| Remuneration and social security | 454/9 | €5,143 | €7,426 | +€2,282 | +44.4% |
| Other amounts payable | 47/48 | €4,614 | €4,416 | -€198 | -4.3% |
| Accrued charges and deferred income | 492/3 | €1,203 | €371 | -€833 | -69.2% |
| Remuneration, social security and pensions | 62 | €48,566 | €39,173 | -€9,393 | -19.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,851 | €12,954 | +€103 | +0.8% |
| Other operating charges | 640/8 | €3,359 | €3,829 | +€470 | +14.0% |
| Non-recurring operating charges | 66A | €366 | - | -€366 | |
| Gross operating margin | 9900 | €81,230 | €36,825 | -€44,405 | -54.7% |
| Operating profit (loss) | 9901 | €16,088 | -€19,131 | -€35,219 | |
| Financial income | 75/76B | €208 | €164 | -€44 | -21.1% |
| Recurring financial income | 75 | €208 | €164 | -€44 | -21.1% |
| Financial charges | 65/66B | €2,007 | €2,159 | +€152 | +7.5% |
| Recurring financial charges | 65 | €2,007 | €2,159 | +€152 | +7.5% |
| Profit (loss) for the period before taxes | 9903 | €14,288 | -€21,126 | -€35,414 | |
| Income taxes | 67/77 | €4,503 | - | -€4,503 | |
| Profit (loss) for the period | 9904 | €9,785 | -€21,126 | -€30,911 | |
| Profit (loss) for the period to be appropriated | 9905 | €9,785 | -€21,126 | -€30,911 |
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 28 October 2026 via checked.be.