SPIROR: 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.
SPIROR
Largest movements
- Receivables within one year -€30,617
down €30,617 (-58.1%), from €52,657 to €22,039
of which Other amounts receivable: -€35,129
- Tangible fixed assets -€12,659
down €12,659 (-45.6%), from €27,759 to €15,100
- Cash -€7,477
down €7,477 (-30.2%), from €24,756 to €17,279
mainly Contributions, distributions and other (-€15,166) and Debts after one year (-€10,278)
- Stocks and contracts +€1,900
up €1,900 (+20.0%), from €9,503 to €11,403
- Profit (loss) carried forward -€10,983
down €10,983 (-70.3%), from €15,629 to €4,646
- Debts after one year -€10,278
down €10,278 (-41.2%), from €24,946 to €14,668
- Contributions -€8,600
down €8,600 (-46.2%), from €18,600 to €10,000
- Tax, wage and social debts -€7,358
down €7,358 (-50.8%), from €14,484 to €7,126
of which Taxes: -€7,104
- Trade debts -€5,512
down €5,512 (-20.7%), from €26,618 to €21,106
- Staff costs -€42,911
down €42,911 (-40.8%), from €105,125 to €62,215
- Gross operating margin -€40,861
down €40,861 (-36.4%), from €112,311 to €71,450
- Depreciation +€4,023
up €4,023 (+46.6%), from €8,636 to €12,659
- Other operating charges -€2,595
down €2,595 (-67.5%), from €3,845 to €1,250
- Financial income -€1,599
no longer reported in 2025 (was €1,599)
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 | €116,773 | €67,825 | -€48,948 | -41.9% |
| Fixed assets | 21/28 | €27,759 | €15,100 | -€12,659 | -45.6% |
| Tangible fixed assets | 22/27 | €27,759 | €15,100 | -€12,659 | -45.6% |
| Furniture and vehicles | 24 | €27,759 | €15,100 | -€12,659 | -45.6% |
| Current assets | 29/58 | €89,013 | €52,724 | -€36,289 | -40.8% |
| Stocks and contracts in progress | 3 | €9,503 | €11,403 | +€1,900 | +20.0% |
| Stocks | 30/36 | €9,503 | €11,403 | +€1,900 | +20.0% |
| Amounts receivable within one year | 40/41 | €52,657 | €22,039 | -€30,617 | -58.1% |
| Trade receivables | 40 | €17,527 | €22,039 | +€4,512 | +25.7% |
| Other amounts receivable | 41 | €35,129 | - | -€35,129 | |
| Cash at bank and in hand | 54/58 | €24,756 | €17,279 | -€7,477 | -30.2% |
| Deferred charges and accrued income | 490/1 | €2,097 | €2,003 | -€95 | -4.5% |
| Total equity and liabilities | 10/49 | €116,773 | €67,825 | -€48,948 | -41.9% |
| Equity | 10/15 | €36,089 | €14,646 | -€21,443 | -59.4% |
| Contributions | 10/11 | €18,600 | €10,000 | -€8,600 | -46.2% |
| Reserves | 13 | €1,860 | - | -€1,860 | |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Profit (loss) carried forward | 14 | €15,629 | €4,646 | -€10,983 | -70.3% |
| Amounts payable | 17/49 | €80,684 | €53,178 | -€27,505 | -34.1% |
| Amounts payable after more than one year | 17 | €24,946 | €14,668 | -€10,278 | -41.2% |
| Financial debts | 170/4 | €24,946 | €14,668 | -€10,278 | -41.2% |
| Amounts payable within one year | 42/48 | €55,738 | €38,510 | -€17,227 | -30.9% |
| Current portion of amounts payable after more than one year | 42 | €11,435 | €10,278 | -€1,157 | -10.1% |
| Trade debts | 44 | €26,618 | €21,106 | -€5,512 | -20.7% |
| Suppliers | 440/4 | €26,618 | €21,106 | -€5,512 | -20.7% |
| Advances received on contracts in progress | 46 | €3,200 | - | -€3,200 | |
| Taxes, remuneration and social security | 45 | €14,484 | €7,126 | -€7,358 | -50.8% |
| Taxes | 450/3 | €8,240 | €1,135 | -€7,104 | -86.2% |
| Remuneration and social security | 454/9 | €6,245 | €5,991 | -€254 | -4.1% |
| Remuneration, social security and pensions | 62 | €105,125 | €62,215 | -€42,911 | -40.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,636 | €12,659 | +€4,023 | +46.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €168 | - | -€168 | |
| Other operating charges | 640/8 | €3,845 | €1,250 | -€2,595 | -67.5% |
| Non-recurring operating charges | 66A | €358 | - | -€358 | |
| Gross operating margin | 9900 | €112,311 | €71,450 | -€40,861 | -36.4% |
| Operating profit (loss) | 9901 | -€5,821 | -€4,674 | +€1,148 | +19.7% |
| Financial income | 75/76B | €1,599 | - | -€1,599 | |
| Recurring financial income | 75 | €1,599 | - | -€1,599 | |
| Financial charges | 65/66B | €2,076 | €1,462 | -€614 | -29.6% |
| Recurring financial charges | 65 | €2,076 | €1,462 | -€614 | -29.6% |
| Profit (loss) for the period before taxes | 9903 | -€6,299 | -€6,135 | +€163 | +2.6% |
| Income taxes | 67/77 | €316 | €141 | -€175 | -55.4% |
| Profit (loss) for the period | 9904 | -€6,615 | -€6,276 | +€339 | +5.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,615 | -€6,276 | +€339 | +5.1% |
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 18 October 2026 via checked.be.