De Spelfanaat: 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 Spelfanaat
Largest movements
- Cash +€64,563
up €64,563 (+123%), from €52,497 to €117,060
mainly Trade debts (+€51,393) and Net result for the year (+€26,946)
- Receivables within one year +€19,595
up €19,595 (+68.6%), from €28,555 to €48,150
of which Trade receivables: +€18,585
- Stocks and contracts -€11,242
down €11,242 (-8.5%), from €132,452 to €121,210
- Trade debts +€51,393
up €51,393 (+217%), from €23,634 to €75,027
- Reserves +€26,946
up €26,946 (+107%), from €25,220 to €52,166
- Other debts -€10,000
down €10,000 (-6.9%), from €144,516 to €134,516
- Tax, wage and social debts +€4,744
up €4,744 (+19.6%), from €24,206 to €28,950
of which Taxes: +€2,448
- Gross operating margin +€20,814
up €20,814 (+29.1%), from €71,525 to €92,340
- Taxes +€12,329
new in 2025: €12,329
- Staff costs +€6,724
up €6,724 (+13.8%), from €48,696 to €55,420
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 | €223,777 | €296,860 | +€73,083 | +32.7% |
| Fixed assets | 21/28 | €5,907 | €5,831 | -€76 | -1.3% |
| Tangible fixed assets | 22/27 | €2,907 | €2,831 | -€76 | -2.6% |
| Plant, machinery and equipment | 23 | €2,809 | €1,961 | -€848 | -30.2% |
| Furniture and vehicles | 24 | €98 | €870 | +€772 | +786% |
| Financial fixed assets | 28 | €3,000 | €3,000 | = | 0.0% |
| Current assets | 29/58 | €217,870 | €291,028 | +€73,159 | +33.6% |
| Stocks and contracts in progress | 3 | €132,452 | €121,210 | -€11,242 | -8.5% |
| Stocks | 30/36 | €132,452 | €121,210 | -€11,242 | -8.5% |
| Amounts receivable within one year | 40/41 | €28,555 | €48,150 | +€19,595 | +68.6% |
| Trade receivables | 40 | €21,033 | €39,619 | +€18,585 | +88.4% |
| Other amounts receivable | 41 | €7,522 | €8,531 | +€1,009 | +13.4% |
| Cash at bank and in hand | 54/58 | €52,497 | €117,060 | +€64,563 | +123% |
| Deferred charges and accrued income | 490/1 | €4,366 | €4,609 | +€243 | +5.6% |
| Total equity and liabilities | 10/49 | €223,777 | €296,860 | +€73,083 | +32.7% |
| Equity | 10/15 | €31,420 | €58,366 | +€26,946 | +85.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €25,220 | €52,166 | +€26,946 | +107% |
| Distributable reserves | 133 | €25,220 | €52,166 | +€26,946 | +107% |
| Amounts payable | 17/49 | €192,357 | €238,494 | +€46,137 | +24.0% |
| Amounts payable within one year | 42/48 | €192,357 | €238,494 | +€46,137 | +24.0% |
| Trade debts | 44 | €23,634 | €75,027 | +€51,393 | +217% |
| Suppliers | 440/4 | €23,634 | €75,027 | +€51,393 | +217% |
| Taxes, remuneration and social security | 45 | €24,206 | €28,950 | +€4,744 | +19.6% |
| Taxes | 450/3 | €18,645 | €21,093 | +€2,448 | +13.1% |
| Remuneration and social security | 454/9 | €5,561 | €7,857 | +€2,296 | +41.3% |
| Other amounts payable | 47/48 | €144,516 | €134,516 | -€10,000 | -6.9% |
| Remuneration, social security and pensions | 62 | €48,696 | €55,420 | +€6,724 | +13.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,937 | €1,120 | -€816 | -42.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€2,187 | -€2,810 | -€623 | -28.5% |
| Other operating charges | 640/8 | €185 | €162 | -€23 | -12.6% |
| Gross operating margin | 9900 | €71,525 | €92,340 | +€20,814 | +29.1% |
| Operating profit (loss) | 9901 | €22,895 | €38,449 | +€15,553 | +67.9% |
| Financial income | 75/76B | €1,911 | €1,936 | +€25 | +1.3% |
| Recurring financial income | 75 | €1,911 | €1,936 | +€25 | +1.3% |
| Financial charges | 65/66B | €656 | €1,110 | +€454 | +69.3% |
| Recurring financial charges | 65 | €656 | €1,110 | +€454 | +69.3% |
| Profit (loss) for the period before taxes | 9903 | €24,150 | €39,275 | +€15,124 | +62.6% |
| Income taxes | 67/77 | - | €12,329 | +€12,329 | |
| Profit (loss) for the period | 9904 | €24,150 | €26,946 | +€2,795 | +11.6% |
| Profit (loss) for the period to be appropriated | 9905 | €24,150 | €26,946 | +€2,795 | +11.6% |
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 23 October 2026 via checked.be.