SPIRIT & C°: 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 & C°
Largest movements
- Current investments +€116,992
up €116,992 (+72.9%), from €160,410 to €277,402
- Cash -€75,171
down €75,171 (-94.9%), from €79,191 to €4,020
mainly Current investments (-€116,992) and Investment in fixed assets (net) (-€45,000)
- Tangible fixed assets +€43,427
up €43,427 (+1,072%), from €4,052 to €47,478
of which Furniture and vehicles: +€37,000
- Other debts +€80,255
up €80,255 (+90.3%), from €88,868 to €169,123
- Trade debts +€52,947
up €52,947 (+104%), from €51,147 to €104,094
- Tax, wage and social debts -€31,700
down €31,700 (-57.6%), from €54,992 to €23,292
of which Taxes: -€35,817
- Profit (loss) carried forward -€13,433
down €13,433, from €0 to -€13,433
- Gross operating margin -€103,053
down €103,053 (-64.9%), from €158,873 to €55,820
- Taxes -€32,795
down €32,795 (-91.7%), from €35,771 to €2,976
- Staff costs +€18,321
up €18,321 (+45.7%), from €40,099 to €58,420
- Other operating charges -€4,036
down €4,036 (-61.3%), from €6,580 to €2,544
- Financial charges +€2,349
up €2,349 (+169%), from €1,394 to €3,743
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 | €247,109 | €335,178 | +€88,069 | +35.6% |
| Fixed assets | 21/28 | €4,052 | €47,478 | +€43,427 | +1,072% |
| Tangible fixed assets | 22/27 | €4,052 | €47,478 | +€43,427 | +1,072% |
| Plant, machinery and equipment | 23 | €4,052 | €3,012 | -€1,040 | -25.7% |
| Furniture and vehicles | 24 | - | €37,000 | +€37,000 | |
| Other tangible fixed assets | 26 | - | €7,467 | +€7,467 | |
| Current assets | 29/58 | €243,057 | €287,700 | +€44,642 | +18.4% |
| Amounts receivable within one year | 40/41 | €3,456 | €6,278 | +€2,821 | +81.6% |
| Trade receivables | 40 | €3,456 | €6,278 | +€2,821 | +81.6% |
| Current investments | 50/53 | €160,410 | €277,402 | +€116,992 | +72.9% |
| Cash at bank and in hand | 54/58 | €79,191 | €4,020 | -€75,171 | -94.9% |
| Total equity and liabilities | 10/49 | €247,109 | €335,178 | +€88,069 | +35.6% |
| Equity | 10/15 | €51,323 | €37,891 | -€13,433 | -26.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €32,723 | €32,723 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €30,863 | €30,863 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | -€13,433 | -€13,433 | |
| Amounts payable | 17/49 | €195,786 | €297,287 | +€101,501 | +51.8% |
| Amounts payable within one year | 42/48 | €195,007 | €296,508 | +€101,501 | +52.1% |
| Trade debts | 44 | €51,147 | €104,094 | +€52,947 | +104% |
| Suppliers | 440/4 | €51,147 | €104,094 | +€52,947 | +104% |
| Taxes, remuneration and social security | 45 | €54,992 | €23,292 | -€31,700 | -57.6% |
| Taxes | 450/3 | €49,778 | €13,961 | -€35,817 | -72.0% |
| Remuneration and social security | 454/9 | €5,214 | €9,330 | +€4,116 | +78.9% |
| Other amounts payable | 47/48 | €88,868 | €169,123 | +€80,255 | +90.3% |
| Accrued charges and deferred income | 492/3 | €779 | €779 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €40,099 | €58,420 | +€18,321 | +45.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,050 | €1,573 | +€523 | +49.8% |
| Other operating charges | 640/8 | €6,580 | €2,544 | -€4,036 | -61.3% |
| Gross operating margin | 9900 | €158,873 | €55,820 | -€103,053 | -64.9% |
| Operating profit (loss) | 9901 | €111,143 | -€6,718 | -€117,861 | |
| Financial income | 75/76B | €1,974 | €4 | -€1,971 | -99.8% |
| Recurring financial income | 75 | €1,974 | €4 | -€1,971 | -99.8% |
| Financial charges | 65/66B | €1,394 | €3,743 | +€2,349 | +169% |
| Recurring financial charges | 65 | €1,394 | €3,743 | +€2,349 | +169% |
| Profit (loss) for the period before taxes | 9903 | €111,724 | -€10,457 | -€122,181 | |
| Income taxes | 67/77 | €35,771 | €2,976 | -€32,795 | -91.7% |
| Profit (loss) for the period | 9904 | €75,953 | -€13,433 | -€89,386 | |
| Profit (loss) for the period to be appropriated | 9905 | €75,953 | -€13,433 | -€89,386 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.