De Spil: what changed
Two fiscal 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 Spil
Largest movements
- Current investments -€600,000
down €600,000 (-100.0%), from €600,000 to €0
- Cash +€538,412
up €538,412 (+51.1%), from €1.1m to €1.6m
mainly Current investments (+€600,000) and Depreciation (+€107,966)
- Receivables within one year +€92,868
up €92,868 (+87.2%), from €106,501 to €199,369
of which Other amounts receivable: +€60,469
- Reserves -€175,000
down €175,000 (-38.0%), from €460,000 to €285,000
- Debts within one year +€107,965
up €107,965 (+25.5%), from €422,675 to €530,640
of which Trade debts: +€91,846
- Accrued charges and deferred income +€103,356
up €103,356 (+13.7%), from €755,326 to €858,681
- Staff costs +€102,039
up €102,039 (+3.8%), from €2.7m to €2.8m
- Gross operating margin +€55,952
up €55,952 (+2.1%), from €2.7m to €2.8m
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 | €2,063,179 | €2,102,767 | +€39,588 | +1.9% |
| Fixed assets | 21/28 | €213,000 | €230,931 | +€17,931 | +8.4% |
| Tangible fixed assets | 22/27 | €212,566 | €230,497 | +€17,931 | +8.4% |
| Plant, machinery and equipment | 23 | €68,850 | €53,125 | -€15,726 | -22.8% |
| Furniture and vehicles | 24 | €63,660 | €106,290 | +€42,630 | +67.0% |
| Other tangible fixed assets | 26 | €80,056 | €71,083 | -€8,973 | -11.2% |
| Financial fixed assets | 28 | €434 | €434 | = | 0.0% |
| Current assets | 29/58 | €1,850,179 | €1,871,836 | +€21,657 | +1.2% |
| Amounts receivable within one year | 40/41 | €106,501 | €199,369 | +€92,868 | +87.2% |
| Trade receivables | 40 | €26,006 | €58,404 | +€32,398 | +124.6% |
| Other amounts receivable | 41 | €80,495 | €140,965 | +€60,469 | +75.1% |
| Current investments | 50/53 | €600,000 | €0 | -€600,000 | -100.0% |
| Cash at bank and in hand | 54/58 | €1,053,556 | €1,591,968 | +€538,412 | +51.1% |
| Deferred charges and accrued income | 490/1 | €90,121 | €80,499 | -€9,623 | -10.7% |
| Total equity and liabilities | 10/49 | €2,063,179 | €2,102,767 | +€39,588 | +1.9% |
| Equity | 10/15 | €885,178 | €713,445 | -€171,732 | -19.4% |
| Reserves | 13 | €460,000 | €285,000 | -€175,000 | -38.0% |
| Profit (loss) carried forward | 14 | €425,178 | €428,445 | +€3,268 | +0.8% |
| Amounts payable | 17/49 | €1,178,001 | €1,389,322 | +€211,321 | +17.9% |
| Amounts payable within one year | 42/48 | €422,675 | €530,640 | +€107,965 | +25.5% |
| Trade debts | 44 | €130,964 | €222,810 | +€91,846 | +70.1% |
| Suppliers | 440/4 | €130,964 | €222,810 | +€91,846 | +70.1% |
| Taxes, remuneration and social security | 45 | €290,717 | €295,806 | +€5,089 | +1.8% |
| Taxes | 450/3 | €8,057 | €7,825 | -€232 | -2.9% |
| Remuneration and social security | 454/9 | €282,660 | €287,980 | +€5,321 | +1.9% |
| Accrued charges and deferred income | 492/3 | €755,326 | €858,681 | +€103,356 | +13.7% |
| Non-recurring operating income | 76A | €223,957 | €210,332 | -€13,625 | -6.1% |
| Remuneration, social security and pensions | 62 | €2,719,664 | €2,821,703 | +€102,039 | +3.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €94,040 | €107,966 | +€13,927 | +14.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €5,614 | +€5,614 | |
| Other operating charges | 640/8 | €4,145 | €6,997 | +€2,852 | +68.8% |
| Gross operating margin | 9900 | €2,719,149 | €2,775,100 | +€55,952 | +2.1% |
| Operating profit (loss) | 9901 | -€98,701 | -€167,181 | -€68,480 | -69.4% |
| Financial income | 75/76B | €17,450 | €4,985 | -€12,465 | -71.4% |
| Recurring financial income | 75 | €17,450 | €4,985 | -€12,465 | -71.4% |
| Financial charges | 65/66B | €907 | €3,410 | +€2,503 | +276.1% |
| Recurring financial charges | 65 | €907 | €3,410 | +€2,503 | +276.1% |
| Profit (loss) for the period before taxes | 9903 | -€82,158 | -€165,605 | -€83,447 | -101.6% |
| Income taxes | 67/77 | €10,621 | €6,127 | -€4,494 | -42.3% |
| Profit (loss) for the period | 9904 | -€92,779 | -€171,732 | -€78,953 | -85.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€92,779 | -€171,732 | -€78,953 | -85.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.