SPIRITONE: 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.
SPIRITONE
Largest movements
- Cash -€75,065
down €75,065 (-43.3%), from €173,296 to €98,231
mainly Current investments (-€51,149) and Receivables within one year (-€47,868)
- Current investments +€51,149
up €51,149 (+21.7%), from €236,033 to €287,183
- Receivables within one year +€47,868
new in 2025: €47,868
- Reserves +€23,754
up €23,754 (+6.4%), from €373,599 to €397,353
of which Distributable reserves: +€23,754
- Other debts -€10,701
down €10,701 (-28.5%), from €37,535 to €26,835
- Tax, wage and social debts +€8,397
up €8,397 (+48.7%), from €17,238 to €25,636
- Gross operating margin -€13,976
down €13,976 (-13.6%), from €102,505 to €88,530
- Taxes -€5,746
down €5,746 (-17.9%), from €32,185 to €26,439
- Depreciation +€2,694
up €2,694 (+32.8%), from €8,223 to €10,917
- Financial income -€1,468
down €1,468 (-84.1%), from €1,745 to €277
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 | €444,377 | €465,638 | +€21,262 | +4.8% |
| Fixed assets | 21/28 | €33,258 | €31,792 | -€1,465 | -4.4% |
| Tangible fixed assets | 22/27 | €33,258 | €31,792 | -€1,465 | -4.4% |
| Furniture and vehicles | 24 | €33,258 | €31,792 | -€1,465 | -4.4% |
| Current assets | 29/58 | €411,119 | €433,846 | +€22,727 | +5.5% |
| Amounts receivable within one year | 40/41 | - | €47,868 | +€47,868 | |
| Trade receivables | 40 | - | €47,868 | +€47,868 | |
| Current investments | 50/53 | €236,033 | €287,183 | +€51,149 | +21.7% |
| Cash at bank and in hand | 54/58 | €173,296 | €98,231 | -€75,065 | -43.3% |
| Deferred charges and accrued income | 490/1 | €1,789 | €564 | -€1,225 | -68.5% |
| Total equity and liabilities | 10/49 | €444,377 | €465,638 | +€21,262 | +4.8% |
| Equity | 10/15 | €385,999 | €409,753 | +€23,754 | +6.2% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €373,599 | €397,353 | +€23,754 | +6.4% |
| Non-distributable reserves | 130/1 | €12,005 | €12,005 | = | 0.0% |
| Reserves not available under the articles | 1311 | €12,005 | €12,005 | = | 0.0% |
| Tax-exempt reserves | 132 | €17,347 | €17,347 | = | 0.0% |
| Distributable reserves | 133 | €344,247 | €368,001 | +€23,754 | +6.9% |
| Amounts payable | 17/49 | €58,378 | €55,885 | -€2,492 | -4.3% |
| Amounts payable within one year | 42/48 | €58,378 | €55,885 | -€2,492 | -4.3% |
| Trade debts | 44 | €3,604 | €3,415 | -€189 | -5.3% |
| Suppliers | 440/4 | €3,604 | €3,415 | -€189 | -5.3% |
| Taxes, remuneration and social security | 45 | €17,238 | €25,636 | +€8,397 | +48.7% |
| Taxes | 450/3 | €17,238 | €25,636 | +€8,397 | +48.7% |
| Other amounts payable | 47/48 | €37,535 | €26,835 | -€10,701 | -28.5% |
| Non-recurring operating income | 76A | €8,448 | - | -€8,448 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,223 | €10,917 | +€2,694 | +32.8% |
| Other operating charges | 640/8 | €780 | €776 | -€4 | -0.5% |
| Gross operating margin | 9900 | €102,505 | €88,530 | -€13,976 | -13.6% |
| Operating profit (loss) | 9901 | €93,502 | €76,836 | -€16,666 | -17.8% |
| Financial income | 75/76B | €1,745 | €277 | -€1,468 | -84.1% |
| Recurring financial income | 75 | €1,745 | €277 | -€1,468 | -84.1% |
| Financial charges | 65/66B | €37 | €97 | +€60 | +160% |
| Recurring financial charges | 65 | €37 | €97 | +€60 | +160% |
| Profit (loss) for the period before taxes | 9903 | €95,210 | €77,016 | -€18,195 | -19.1% |
| Income taxes | 67/77 | €32,185 | €26,439 | -€5,746 | -17.9% |
| Profit (loss) for the period | 9904 | €63,025 | €50,577 | -€12,449 | -19.8% |
| Profit (loss) for the period to be appropriated | 9905 | €63,025 | €50,577 | -€12,449 | -19.8% |
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 1 November 2026 via checked.be.