De Sperwer: 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.
What changed
De Sperwer
NACE 88.993, Social work activities without accommodation
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€132,424
2024 · €244,661-€112,237
Equity
€3.5m
2024 · €3.4m+€110,751
Cash
€1.0m
2024 · €1.0m+€6,888
Balance sheet total
€4.1m
2024 · €4.0m+€103,801
Largest movements
Assets
- Current investments +€150,000
up €150,000 (+100.0%), from €150,000 to €300,000
- Tangible fixed assets -€75,208
down €75,208 (-2.8%), from €2.7m to €2.6m
of which Land and buildings: -€134,184
Equity and liabilities
- Reserves +€132,424
up €132,424 (+7.2%), from €1.8m to €2.0m
- Debts after one year -€41,996
down €41,996 (-36.0%), from €116,754 to €74,758
Income statement
- Staff costs +€304,891
up €304,891 (+10.9%), from €2.8m to €3.1m
- Gross operating margin +€289,402
up €289,402 (+8.6%), from €3.4m to €3.6m
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.
Result 2024
€244,661
Gross operating margin
+€289,402
Staff costs
-€304,891
Depreciation
+€749
Other operating charges
-€17,812
Other operating items
-€81,914
Financial income
+€1,333
Financial charges
+€982
Taxes
-€85
Result 2025
€132,424
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.
From operations
+€348,712
Investment
-€278,106
Financing
-€63,718
Cash 2024
€1.0m
From operations (derived)
+€348,712
Net result for the year
+€132,424
Depreciation
+€203,313
Receivables within one year
-€16,261
Deferred charges and accrued income
-€5,859
Trade debts
+€1,981
Tax, wage and social debts
+€33,114
Investment (derived)
-€278,106
Investment in fixed assets (net)
-€128,106
Current investments
-€150,000
Financing
-€63,718
Debts after one year
-€41,996
Current portion of long-term debt
-€49
Contributions, distributions and other
-€21,673
Cash 2025
€1.0m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,000,105 | €4,103,906 | +€103,801 | +2.6% |
| Fixed assets | 21/28 | €2,718,199 | €2,642,991 | -€75,208 | -2.8% |
| Tangible fixed assets | 22/27 | €2,718,199 | €2,642,991 | -€75,208 | -2.8% |
| Land and buildings | 22 | €2,627,465 | €2,493,281 | -€134,184 | -5.1% |
| Plant, machinery and equipment | 23 | €38,285 | €39,945 | +€1,660 | +4.3% |
| Furniture and vehicles | 24 | €52,448 | €109,765 | +€57,317 | +109.3% |
| Current assets | 29/58 | €1,281,907 | €1,460,915 | +€179,008 | +14.0% |
| Amounts receivable within one year | 40/41 | €66,885 | €83,146 | +€16,261 | +24.3% |
| Trade receivables | 40 | €32,204 | €58,146 | +€25,942 | +80.6% |
| Other amounts receivable | 41 | €34,681 | €25,000 | -€9,681 | -27.9% |
| Current investments | 50/53 | €150,000 | €300,000 | +€150,000 | +100.0% |
| Cash at bank and in hand | 54/58 | €1,023,330 | €1,030,218 | +€6,888 | +0.7% |
| Deferred charges and accrued income | 490/1 | €41,691 | €47,551 | +€5,859 | +14.1% |
| Total equity and liabilities | 10/49 | €4,000,105 | €4,103,906 | +€103,801 | +2.6% |
| Equity | 10/15 | €3,358,400 | €3,469,151 | +€110,751 | +3.3% |
| Contributions | 10/11 | €379,249 | €379,249 | = | 0.0% |
| Capital | 10 | €379,249 | €379,249 | = | 0.0% |
| Reserves | 13 | €1,840,835 | €1,973,260 | +€132,424 | +7.2% |
| Profit (loss) carried forward | 14 | €990,906 | €990,906 | = | 0.0% |
| Investment grants | 15 | €147,410 | €125,737 | -€21,673 | -14.7% |
| Amounts payable | 17/49 | €641,705 | €634,755 | -€6,950 | -1.1% |
| Amounts payable after more than one year | 17 | €116,754 | €74,758 | -€41,996 | -36.0% |
| Financial debts | 170/4 | €116,754 | €74,758 | -€41,996 | -36.0% |
| Amounts payable within one year | 42/48 | €524,951 | €559,997 | +€35,046 | +6.7% |
| Current portion of amounts payable after more than one year | 42 | €42,045 | €41,996 | -€49 | -0.1% |
| Trade debts | 44 | €175,501 | €177,482 | +€1,981 | +1.1% |
| Suppliers | 440/4 | €175,501 | €177,482 | +€1,981 | +1.1% |
| Taxes, remuneration and social security | 45 | €307,405 | €340,519 | +€33,114 | +10.8% |
| Taxes | 450/3 | €198 | €228 | +€31 | +15.5% |
| Remuneration and social security | 454/9 | €307,208 | €340,291 | +€33,084 | +10.8% |
| Remuneration, social security and pensions | 62 | €2,807,443 | €3,112,334 | +€304,891 | +10.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €204,062 | €203,313 | -€749 | -0.4% |
| Other operating charges | 640/8 | €96,831 | €114,643 | +€17,812 | +18.4% |
| Non-recurring operating charges | 66A | - | €81,914 | +€81,914 | |
| Gross operating margin | 9900 | €3,359,401 | €3,648,803 | +€289,402 | +8.6% |
| Operating profit (loss) | 9901 | €251,065 | €136,599 | -€114,466 | -45.6% |
| Financial income | 75/76B | €2,744 | €4,077 | +€1,333 | +48.6% |
| Recurring financial income | 75 | €2,744 | €4,077 | +€1,333 | +48.6% |
| Financial charges | 65/66B | €5,316 | €4,334 | -€982 | -18.5% |
| Recurring financial charges | 65 | €5,316 | €4,334 | -€982 | -18.5% |
| Profit (loss) for the period before taxes | 9903 | €248,493 | €136,342 | -€112,151 | -45.1% |
| Income taxes | 67/77 | €3,832 | €3,917 | +€85 | +2.2% |
| Profit (loss) for the period | 9904 | €244,661 | €132,424 | -€112,237 | -45.9% |
| Profit (loss) for the period to be appropriated | 9905 | €244,661 | €132,424 | -€112,237 | -45.9% |
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 11 October 2026 via checked.be.