SpiritStudios: 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.
SpiritStudios
Largest movements
- Receivables within one year -€58,021
down €58,021 (-69.8%), from €83,180 to €25,160
of which Trade receivables: -€46,605
- Advances received -€40,099
down €40,099 (-86.8%), from €46,174 to €6,075
- Trade debts -€20,622
down €20,622 (-88.8%), from €23,226 to €2,604
- Reserves -€20,006
down €20,006 (-9.2%), from €216,409 to €196,404
of which Distributable reserves: -€20,006
- Other debts +€19,930
up €19,930 (+76.6%), from €26,012 to €45,941
- Gross operating margin +€7,435
up €7,435 (+42.0%), from -€17,691 to -€10,256
- Write-downs -€3,000
down €3,000, from €0 to -€3,000
- Staff costs -€1,921
down €1,921 (-15.5%), from €12,359 to €10,438
- Other operating charges -€1,320
down €1,320 (-51.9%), from €2,542 to €1,222
- Financial charges -€628
down €628 (-80.4%), from €781 to €153
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 | €321,498 | €264,809 | -€56,688 | -17.6% |
| Fixed assets | 21/28 | €19,401 | €18,636 | -€765 | -3.9% |
| Tangible fixed assets | 22/27 | €16,301 | €15,536 | -€765 | -4.7% |
| Land and buildings | 22 | €16,143 | €15,382 | -€761 | -4.7% |
| Furniture and vehicles | 24 | €157 | €154 | -€3 | -2.0% |
| Financial fixed assets | 28 | €3,100 | €3,100 | = | 0.0% |
| Current assets | 29/58 | €302,097 | €246,173 | -€55,924 | -18.5% |
| Amounts receivable after more than one year | 29 | €207,000 | €207,000 | = | 0.0% |
| Other amounts receivable | 291 | €207,000 | €207,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €4,810 | €3,816 | -€994 | -20.7% |
| Stocks | 30/36 | €4,810 | €3,816 | -€994 | -20.7% |
| Amounts receivable within one year | 40/41 | €83,180 | €25,160 | -€58,021 | -69.8% |
| Trade receivables | 40 | €62,576 | €15,971 | -€46,605 | -74.5% |
| Other amounts receivable | 41 | €20,604 | €9,189 | -€11,416 | -55.4% |
| Cash at bank and in hand | 54/58 | €5,635 | €7,694 | +€2,059 | +36.5% |
| Deferred charges and accrued income | 490/1 | €1,471 | €2,503 | +€1,032 | +70.1% |
| Total equity and liabilities | 10/49 | €321,498 | €264,809 | -€56,688 | -17.6% |
| Equity | 10/15 | €222,609 | €202,604 | -€20,006 | -9.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €216,409 | €196,404 | -€20,006 | -9.2% |
| Tax-exempt reserves | 132 | €0 | - | = | |
| Distributable reserves | 133 | €216,409 | €196,404 | -€20,006 | -9.2% |
| Amounts payable | 17/49 | €98,888 | €62,206 | -€36,683 | -37.1% |
| Amounts payable within one year | 42/48 | €98,888 | €61,223 | -€37,665 | -38.1% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €23,226 | €2,604 | -€20,622 | -88.8% |
| Suppliers | 440/4 | €23,226 | €2,604 | -€20,622 | -88.8% |
| Advances received on contracts in progress | 46 | €46,174 | €6,075 | -€40,099 | -86.8% |
| Taxes, remuneration and social security | 45 | €3,476 | €6,603 | +€3,127 | +89.9% |
| Taxes | 450/3 | €196 | €2,481 | +€2,285 | +1,166% |
| Remuneration and social security | 454/9 | €3,280 | €4,122 | +€842 | +25.7% |
| Other amounts payable | 47/48 | €26,012 | €45,941 | +€19,930 | +76.6% |
| Accrued charges and deferred income | 492/3 | €0 | €982 | +€982 | |
| Remuneration, social security and pensions | 62 | €12,359 | €10,438 | -€1,921 | -15.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,089 | €1,041 | -€48 | -4.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | -€3,000 | -€3,000 | |
| Other operating charges | 640/8 | €2,542 | €1,222 | -€1,320 | -51.9% |
| Gross operating margin | 9900 | -€17,691 | -€10,256 | +€7,435 | +42.0% |
| Operating profit (loss) | 9901 | -€33,680 | -€19,956 | +€13,724 | +40.7% |
| Financial income | 75/76B | €354 | €405 | +€51 | +14.4% |
| Recurring financial income | 75 | €354 | €405 | +€51 | +14.4% |
| Financial charges | 65/66B | €781 | €153 | -€628 | -80.4% |
| Recurring financial charges | 65 | €781 | €153 | -€628 | -80.4% |
| Profit (loss) for the period before taxes | 9903 | -€34,107 | -€19,704 | +€14,403 | +42.2% |
| Income taxes | 67/77 | €196 | €302 | +€106 | +53.9% |
| Profit (loss) for the period | 9904 | -€34,303 | -€20,006 | +€14,297 | +41.7% |
| Transfer from tax-exempt reserves | 789 | €42,100 | €0 | -€42,100 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | €7,797 | -€20,006 | -€27,803 |
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 27 October 2026 via checked.be.