DE SPELGEZEL: 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 SPELGEZEL
Largest movements
- Tangible fixed assets -€13,134
down €13,134 (-6.8%), from €192,052 to €178,919
of which Land and buildings: -€9,487
- Cash -€11,419
down €11,419 (-19.0%), from €60,172 to €48,753
mainly Contributions, distributions and other (-€66,667) and Trade debts (-€11,163)
- Profit (loss) carried forward -€59,167
down €59,167 (-73.2%), from €80,850 to €21,683
- Other debts +€56,667
up €56,667 (+12,851%), from €441 to €57,108
- Trade debts -€11,163
down €11,163 (-69.4%), from €16,097 to €4,933
- Debts after one year -€11,000
down €11,000 (-7.8%), from €140,250 to €129,250
- Depreciation +€907
up €907 (+6.5%), from €13,875 to €14,782
- Financial charges -€440
down €440 (-7.5%), from €5,835 to €5,395
of which Financial charges: -€440
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 | €290,825 | €266,453 | -€24,372 | -8.4% |
| Fixed assets | 21/28 | €192,052 | €178,919 | -€13,134 | -6.8% |
| Tangible fixed assets | 22/27 | €192,052 | €178,919 | -€13,134 | -6.8% |
| Land and buildings | 22 | €175,947 | €166,460 | -€9,487 | -5.4% |
| Furniture and vehicles | 24 | €16,106 | €12,459 | -€3,647 | -22.6% |
| Current assets | 29/58 | €98,773 | €87,535 | -€11,238 | -11.4% |
| Stocks and contracts in progress | 3 | €35,575 | €33,115 | -€2,460 | -6.9% |
| Stocks | 30/36 | €35,575 | €33,115 | -€2,460 | -6.9% |
| Amounts receivable within one year | 40/41 | €3,026 | €5,333 | +€2,306 | +76.2% |
| Trade receivables | 40 | €3,023 | €5,333 | +€2,310 | +76.4% |
| Other amounts receivable | 41 | €3 | €0 | -€3 | -100% |
| Cash at bank and in hand | 54/58 | €60,172 | €48,753 | -€11,419 | -19.0% |
| Deferred charges and accrued income | 490/1 | - | €334 | +€334 | |
| Total equity and liabilities | 10/49 | €290,825 | €266,453 | -€24,372 | -8.4% |
| Equity | 10/15 | €99,450 | €40,283 | -€59,167 | -59.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €80,850 | €21,683 | -€59,167 | -73.2% |
| Amounts payable | 17/49 | €191,376 | €226,171 | +€34,795 | +18.2% |
| Amounts payable after more than one year | 17 | €140,250 | €129,250 | -€11,000 | -7.8% |
| Financial debts | 170/4 | €140,250 | €129,250 | -€11,000 | -7.8% |
| Amounts payable within one year | 42/48 | €51,126 | €96,921 | +€45,795 | +89.6% |
| Financial debts | 43 | €11,000 | €11,000 | = | 0.0% |
| Credit institutions | 430/8 | €11,000 | €11,000 | = | 0.0% |
| Trade debts | 44 | €16,097 | €4,933 | -€11,163 | -69.4% |
| Suppliers | 440/4 | €16,097 | €4,933 | -€11,163 | -69.4% |
| Taxes, remuneration and social security | 45 | €23,588 | €23,880 | +€292 | +1.2% |
| Taxes | 450/3 | €21,430 | €21,707 | +€278 | +1.3% |
| Remuneration and social security | 454/9 | €2,159 | €2,173 | +€14 | +0.7% |
| Other amounts payable | 47/48 | €441 | €57,108 | +€56,667 | +12,851% |
| Non-recurring operating income | 76A | €1,983 | €887 | -€1,096 | -55.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,875 | €14,782 | +€907 | +6.5% |
| Other operating charges | 640/8 | €3,490 | €3,283 | -€207 | -5.9% |
| Gross operating margin | 9900 | €32,028 | €31,926 | -€102 | -0.3% |
| Operating profit (loss) | 9901 | €14,664 | €13,861 | -€803 | -5.5% |
| Financial income | 75/76B | €1,088 | €1,068 | -€20 | -1.8% |
| Recurring financial income | 75 | €1,088 | €1,068 | -€20 | -1.8% |
| Financial charges | 65/66B | €5,835 | €5,395 | -€440 | -7.5% |
| Recurring financial charges | 65 | €5,835 | €5,395 | -€440 | -7.5% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | €9,917 | €9,534 | -€383 | -3.9% |
| Income taxes | 67/77 | €2,202 | €2,035 | -€167 | -7.6% |
| Profit (loss) for the period | 9904 | €7,715 | €7,500 | -€216 | -2.8% |
| Profit (loss) for the period to be appropriated | 9905 | €7,715 | €7,500 | -€216 | -2.8% |
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.