DE SPELMAKER: 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 SPELMAKER
Largest movements
- Cash -€68,322
down €68,322 (-97.1%), from €70,351 to €2,029
mainly Contributions, distributions and other (-€54,800) and Investment in fixed assets (net) (-€35,730)
- Tangible fixed assets +€29,529
up €29,529 (+34.6%), from €85,360 to €114,889
of which Furniture and vehicles: +€31,687
- Reserves -€39,073
down €39,073 (-28.9%), from €135,057 to €95,985
- Other debts +€7,510
up €7,510 (+17.7%), from €42,468 to €49,978
- Tax, wage and social debts -€6,580
down €6,580 (-35.0%), from €18,819 to €12,239
of which Remuneration and social security: -€3,809
- Taxes -€3,232
down €3,232 (-31.1%), from €10,381 to €7,149
- Other operating charges +€2,819
up €2,819 (+14.6%), from €19,241 to €22,059
- Gross operating margin -€878
down €878 (-1.7%), from €51,756 to €50,878
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.
Cash bridge derived
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 | €211,532 | €172,732 | -€38,800 | -18.3% |
| Fixed assets | 21/28 | €85,360 | €114,889 | +€29,529 | +34.6% |
| Tangible fixed assets | 22/27 | €85,360 | €114,889 | +€29,529 | +34.6% |
| Land and buildings | 22 | €82,579 | €78,132 | -€4,447 | -5.4% |
| Plant, machinery and equipment | 23 | €605 | €2,894 | +€2,289 | +378.4% |
| Furniture and vehicles | 24 | €2,176 | €33,863 | +€31,687 | +1456.2% |
| Current assets | 29/58 | €126,172 | €57,844 | -€68,329 | -54.2% |
| Amounts receivable within one year | 40/41 | €53,937 | €55,144 | +€1,206 | +2.2% |
| Trade receivables | 40 | €52,819 | €48,642 | -€4,177 | -7.9% |
| Other amounts receivable | 41 | €1,118 | €6,502 | +€5,383 | +481.3% |
| Cash at bank and in hand | 54/58 | €70,351 | €2,029 | -€68,322 | -97.1% |
| Deferred charges and accrued income | 490/1 | €1,884 | €671 | -€1,213 | -64.4% |
| Total equity and liabilities | 10/49 | €211,532 | €172,732 | -€38,800 | -18.3% |
| Equity | 10/15 | €147,457 | €108,385 | -€39,073 | -26.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €135,057 | €95,985 | -€39,073 | -28.9% |
| Distributable reserves | 133 | €135,057 | €95,985 | -€39,073 | -28.9% |
| Amounts payable | 17/49 | €64,075 | €64,348 | +€273 | +0.4% |
| Amounts payable within one year | 42/48 | €63,288 | €62,527 | -€762 | -1.2% |
| Trade debts | 44 | €2,002 | €310 | -€1,692 | -84.5% |
| Suppliers | 440/4 | €2,002 | €310 | -€1,692 | -84.5% |
| Taxes, remuneration and social security | 45 | €18,819 | €12,239 | -€6,580 | -35.0% |
| Taxes | 450/3 | €15,010 | €12,239 | -€2,771 | -18.5% |
| Remuneration and social security | 454/9 | €3,809 | - | -€3,809 | |
| Other amounts payable | 47/48 | €42,468 | €49,978 | +€7,510 | +17.7% |
| Accrued charges and deferred income | 492/3 | €787 | €1,821 | +€1,035 | +131.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,856 | €6,201 | +€345 | +5.9% |
| Other operating charges | 640/8 | €19,241 | €22,059 | +€2,819 | +14.6% |
| Gross operating margin | 9900 | €51,756 | €50,878 | -€878 | -1.7% |
| Operating profit (loss) | 9901 | €26,660 | €22,618 | -€4,042 | -15.2% |
| Financial income | 75/76B | €634 | €385 | -€249 | -39.3% |
| Recurring financial income | 75 | €634 | €385 | -€249 | -39.3% |
| Financial charges | 65/66B | €161 | €127 | -€34 | -21.4% |
| Recurring financial charges | 65 | €161 | €127 | -€34 | -21.4% |
| Profit (loss) for the period before taxes | 9903 | €27,133 | €22,876 | -€4,256 | -15.7% |
| Income taxes | 67/77 | €10,381 | €7,149 | -€3,232 | -31.1% |
| Profit (loss) for the period | 9904 | €16,752 | €15,727 | -€1,025 | -6.1% |
| Profit (loss) for the period to be appropriated | 9905 | €16,752 | €15,727 | -€1,025 | -6.1% |
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 12 October 2026 via checked.be.