SPIROU INVEST: 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.
SPIROU INVEST
Largest movements
- Receivables within one year +€128,633
up €128,633, from €0 to €128,633
of which Other amounts receivable: +€128,633
- Reserves +€179,775
up €179,775 (+59.9%), from €300,106 to €479,882
- Debts after one year -€71,371
down €71,371 (-15.4%), from €464,349 to €392,978
- Other debts +€18,054
up €18,054 (+6.5%), from €279,214 to €297,267
- Trade debts -€13,695
down €13,695 (-34.6%), from €39,629 to €25,934
- Gross operating margin +€45,700
up €45,700 (+21.3%), from €214,300 to €260,000
- Taxes +€9,451
up €9,451 (+21.6%), from €43,808 to €53,258
- Financial charges +€8,035
up €8,035 (+43.6%), from €18,444 to €26,479
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 | €1,214,838 | €1,344,104 | +€129,266 | +10.6% |
| Fixed assets | 21/28 | €720,000 | €720,000 | = | 0.0% |
| Financial fixed assets | 28 | €720,000 | €720,000 | = | 0.0% |
| Current assets | 29/58 | €494,838 | €624,104 | +€129,266 | +26.1% |
| Amounts receivable within one year | 40/41 | €0 | €128,633 | +€128,633 | |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €0 | €128,633 | +€128,633 | |
| Current investments | 50/53 | €491,823 | €491,823 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €3,015 | €3,648 | +€633 | +21.0% |
| Total equity and liabilities | 10/49 | €1,214,838 | €1,344,104 | +€129,266 | +10.6% |
| Equity | 10/15 | €303,106 | €482,882 | +€179,775 | +59.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €300,106 | €479,882 | +€179,775 | +59.9% |
| Distributable reserves | 133 | €300,106 | €479,882 | +€179,775 | +59.9% |
| Amounts payable | 17/49 | €911,731 | €861,223 | -€50,509 | -5.5% |
| Amounts payable after more than one year | 17 | €464,349 | €392,978 | -€71,371 | -15.4% |
| Financial debts | 170/4 | €464,349 | €392,978 | -€71,371 | -15.4% |
| Amounts payable within one year | 42/48 | €439,277 | €453,954 | +€14,677 | +3.3% |
| Current portion of amounts payable after more than one year | 42 | €73,154 | €71,371 | -€1,783 | -2.4% |
| Trade debts | 44 | €39,629 | €25,934 | -€13,695 | -34.6% |
| Suppliers | 440/4 | €39,629 | €25,934 | -€13,695 | -34.6% |
| Taxes, remuneration and social security | 45 | €47,281 | €59,383 | +€12,102 | +25.6% |
| Taxes | 450/3 | €47,281 | €59,383 | +€12,102 | +25.6% |
| Other amounts payable | 47/48 | €279,214 | €297,267 | +€18,054 | +6.5% |
| Accrued charges and deferred income | 492/3 | €8,105 | €14,290 | +€6,185 | +76.3% |
| Other operating charges | 640/8 | €625 | €487 | -€138 | -22.1% |
| Gross operating margin | 9900 | €214,300 | €260,000 | +€45,700 | +21.3% |
| Operating profit (loss) | 9901 | €213,674 | €259,513 | +€45,838 | +21.5% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €18,444 | €26,479 | +€8,035 | +43.6% |
| Recurring financial charges | 65 | €18,444 | €26,479 | +€8,035 | +43.6% |
| Profit (loss) for the period before taxes | 9903 | €195,230 | €233,034 | +€37,804 | +19.4% |
| Income taxes | 67/77 | €43,808 | €53,258 | +€9,451 | +21.6% |
| Profit (loss) for the period | 9904 | €151,423 | €179,775 | +€28,353 | +18.7% |
| Profit (loss) for the period to be appropriated | 9905 | €151,423 | €179,775 | +€28,353 | +18.7% |
Source: filed annual accounts (NBB), financial years ended 31 October 2024 and 31 October 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.