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
- Cash -€784,645
down €784,645 (-88.9%), from €882,297 to €97,652
mainly Other debts (-€647,130) and Tax, wage and social debts (-€190,900)
- Receivables within one year +€31,125
up €31,125 (+122%), from €25,419 to €56,544
of which Trade receivables: +€27,581
- Tangible fixed assets +€13,307
up €13,307 (+12.5%), from €106,178 to €119,486
of which Plant, machinery and equipment: +€17,495
- Other debts -€647,130
down €647,130 (-100.0%), from €647,379 to €249
- Tax, wage and social debts -€190,900
down €190,900 (-96.4%), from €197,948 to €7,048
of which Taxes: -€192,240
- Reserves +€95,461
up €95,461 (+56.7%), from €168,400 to €263,861
- Gross operating margin -€945,573
down €945,573 (-85.1%), from €1.1m to €165,423
- Taxes -€236,728
down €236,728 (-86.7%), from €273,184 to €36,456
- Depreciation +€15,503
up €15,503 (+100%), from €15,476 to €30,979
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,017,828 | €282,220 | -€735,608 | -72.3% |
| Fixed assets | 21/28 | €109,028 | €122,336 | +€13,307 | +12.2% |
| Tangible fixed assets | 22/27 | €106,178 | €119,486 | +€13,307 | +12.5% |
| Plant, machinery and equipment | 23 | - | €17,495 | +€17,495 | |
| Furniture and vehicles | 24 | €106,178 | €101,991 | -€4,187 | -3.9% |
| Financial fixed assets | 28 | €2,850 | €2,850 | = | 0.0% |
| Current assets | 29/58 | €908,800 | €159,884 | -€748,915 | -82.4% |
| Amounts receivable within one year | 40/41 | €25,419 | €56,544 | +€31,125 | +122% |
| Trade receivables | 40 | €25,419 | €53,000 | +€27,581 | +109% |
| Other amounts receivable | 41 | - | €3,544 | +€3,544 | |
| Cash at bank and in hand | 54/58 | €882,297 | €97,652 | -€784,645 | -88.9% |
| Deferred charges and accrued income | 490/1 | €1,083 | €5,688 | +€4,605 | +425% |
| Total equity and liabilities | 10/49 | €1,017,828 | €282,220 | -€735,608 | -72.3% |
| Equity | 10/15 | €172,400 | €267,861 | +€95,461 | +55.4% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €168,400 | €263,861 | +€95,461 | +56.7% |
| Distributable reserves | 133 | €168,400 | €263,861 | +€95,461 | +56.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €845,428 | €14,359 | -€831,069 | -98.3% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €845,428 | €14,359 | -€831,069 | -98.3% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €101 | €7,062 | +€6,961 | +6,881% |
| Suppliers | 440/4 | €101 | €7,062 | +€6,961 | +6,881% |
| Taxes, remuneration and social security | 45 | €197,948 | €7,048 | -€190,900 | -96.4% |
| Taxes | 450/3 | €196,670 | €4,430 | -€192,240 | -97.7% |
| Remuneration and social security | 454/9 | €1,278 | €2,618 | +€1,340 | +105% |
| Other amounts payable | 47/48 | €647,379 | €249 | -€647,130 | -100.0% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,476 | €30,979 | +€15,503 | +100% |
| Other operating charges | 640/8 | €1,579 | €2,295 | +€716 | +45.4% |
| Gross operating margin | 9900 | €1,110,996 | €165,423 | -€945,573 | -85.1% |
| Operating profit (loss) | 9901 | €1,093,941 | €132,149 | -€961,792 | -87.9% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €5,298 | €232 | -€5,066 | -95.6% |
| Recurring financial charges | 65 | €5,298 | €232 | -€5,066 | -95.6% |
| Profit (loss) for the period before taxes | 9903 | €1,088,643 | €131,917 | -€956,726 | -87.9% |
| Income taxes | 67/77 | €273,184 | €36,456 | -€236,728 | -86.7% |
| Profit (loss) for the period | 9904 | €815,459 | €95,461 | -€719,998 | -88.3% |
| Profit (loss) for the period to be appropriated | 9905 | €815,459 | €95,461 | -€719,998 | -88.3% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.