De speelvogels: 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.
De speelvogels
Largest movements
- Cash +€58,442
up €58,442 (+90.7%), from €64,442 to €122,884
mainly Net result for the year (+€78,408) and Depreciation (+€18,272)
- Tangible fixed assets +€29,639
up €29,639 (+94.3%), from €31,442 to €61,081
of which Other tangible fixed assets: +€24,578
- Receivables within one year +€20,569
new in 2025: €20,569
- Deferred charges and accrued income -€11,109
down €11,109 (-45.0%), from €24,669 to €13,561
- Reserves +€78,408
up €78,408 (+108%), from €72,685 to €151,093
- Debts within one year +€13,806
up €13,806 (+26.8%), from €51,590 to €65,396
of which Trade debts: +€12,881
- Accrued charges and deferred income +€5,356
up €5,356 (+333%), from €1,607 to €6,963
- Gross operating margin +€162,999
up €162,999 (+66.7%), from €244,413 to €407,412
- Staff costs +€86,556
up €86,556 (+38.7%), from €223,719 to €310,275
- Depreciation +€5,619
up €5,619 (+44.4%), from €12,653 to €18,272
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 | €125,882 | €223,452 | +€97,569 | +77.5% |
| Fixed assets | 21/28 | €36,771 | €66,438 | +€29,667 | +80.7% |
| Tangible fixed assets | 22/27 | €31,442 | €61,081 | +€29,639 | +94.3% |
| Plant, machinery and equipment | 23 | €26,493 | €31,553 | +€5,061 | +19.1% |
| Other tangible fixed assets | 26 | €4,950 | €29,528 | +€24,578 | +497% |
| Financial fixed assets | 28 | €5,328 | €5,356 | +€28 | +0.5% |
| Current assets | 29/58 | €89,111 | €157,014 | +€67,903 | +76.2% |
| Amounts receivable within one year | 40/41 | - | €20,569 | +€20,569 | |
| Trade receivables | 40 | - | €20,569 | +€20,569 | |
| Cash at bank and in hand | 54/58 | €64,442 | €122,884 | +€58,442 | +90.7% |
| Deferred charges and accrued income | 490/1 | €24,669 | €13,561 | -€11,109 | -45.0% |
| Total equity and liabilities | 10/49 | €125,882 | €223,452 | +€97,569 | +77.5% |
| Equity | 10/15 | €72,685 | €151,093 | +€78,408 | +108% |
| Reserves | 13 | €72,685 | €151,093 | +€78,408 | +108% |
| Amounts payable | 17/49 | €53,197 | €72,359 | +€19,162 | +36.0% |
| Amounts payable within one year | 42/48 | €51,590 | €65,396 | +€13,806 | +26.8% |
| Trade debts | 44 | €1,998 | €14,878 | +€12,881 | +645% |
| Suppliers | 440/4 | €1,998 | €14,878 | +€12,881 | +645% |
| Taxes, remuneration and social security | 45 | €21,827 | €29,951 | +€8,124 | +37.2% |
| Remuneration and social security | 454/9 | €21,827 | €29,951 | +€8,124 | +37.2% |
| Accrued charges and deferred income | 492/3 | €1,607 | €6,963 | +€5,356 | +333% |
| Remuneration, social security and pensions | 62 | €223,719 | €310,275 | +€86,556 | +38.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,653 | €18,272 | +€5,619 | +44.4% |
| Other operating charges | 640/8 | €188 | €449 | +€262 | +139% |
| Gross operating margin | 9900 | €244,413 | €407,412 | +€162,999 | +66.7% |
| Operating profit (loss) | 9901 | €7,853 | €78,415 | +€70,562 | +899% |
| Financial income | 75/76B | €496 | €490 | -€6 | -1.3% |
| Recurring financial income | 75 | €496 | €490 | -€6 | -1.3% |
| Financial charges | 65/66B | €363 | €361 | -€2 | -0.7% |
| Recurring financial charges | 65 | €363 | €361 | -€2 | -0.7% |
| Profit (loss) for the period before taxes | 9903 | €7,986 | €78,544 | +€70,558 | +884% |
| Income taxes | 67/77 | €58 | €136 | +€78 | +135% |
| Profit (loss) for the period | 9904 | €7,928 | €78,408 | +€70,480 | +889% |
| Profit (loss) for the period to be appropriated | 9905 | €7,928 | €78,408 | +€70,480 | +889% |
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 17 October 2026 via checked.be.