DE SPUYE: 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 SPUYE
Largest movements
- Current investments +€17,000
up €17,000 (+14.7%), from €116,000 to €133,000
- Cash -€15,087
down €15,087 (-36.4%), from €41,485 to €26,398
mainly Contributions, distributions and other (-€37,076) and Investment in fixed assets (net) (-€26,898)
- Receivables within one year +€12,845
up €12,845 (+264%), from €4,874 to €17,718
of which Trade receivables: +€10,543
- Trade debts +€21,070
up €21,070 (+53.5%), from €39,393 to €60,463
- Debts after one year -€19,392
down €19,392 (-25.3%), from €76,800 to €57,407
- Short-term financial debts +€6,731
new in 2025: €6,731
- Tax, wage and social debts +€4,835
up €4,835 (+8.7%), from €55,583 to €60,418
of which Taxes: +€14,723
- Staff costs +€29,160
up €29,160 (+8.9%), from €326,169 to €355,330
- Gross operating margin +€25,026
up €25,026 (+6.0%), from €417,763 to €442,789
- Depreciation +€6,922
up €6,922 (+36.1%), from €19,197 to €26,119
- Other operating charges -€6,252
down €6,252 (-82.0%), from €7,621 to €1,370
From the 31-12-2024 result to the 31-12-2025 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 31-12-2024 and 31-12-2025 balance sheets and the 31-12-2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 31-12-2024 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €357,169 | €372,706 | +€15,537 | +4.3% |
| Fixed assets | 21/28 | €152,983 | €153,762 | +€779 | +0.5% |
| Tangible fixed assets | 22/27 | €152,248 | €152,127 | -€121 | -0.1% |
| Plant, machinery and equipment | 23 | €24,286 | €25,283 | +€997 | +4.1% |
| Furniture and vehicles | 24 | €5,536 | €9,779 | +€4,243 | +76.6% |
| Other tangible fixed assets | 26 | €122,425 | €117,065 | -€5,361 | -4.4% |
| Financial fixed assets | 28 | €735 | €1,635 | +€900 | +122% |
| Current assets | 29/58 | €204,186 | €218,944 | +€14,757 | +7.2% |
| Amounts receivable after more than one year | 29 | €27,000 | €27,000 | = | 0.0% |
| Other amounts receivable | 291 | €27,000 | €27,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €14,828 | €14,828 | = | 0.0% |
| Stocks | 30/36 | €14,828 | €14,828 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €4,874 | €17,718 | +€12,845 | +264% |
| Trade receivables | 40 | €2,800 | €13,344 | +€10,543 | +377% |
| Other amounts receivable | 41 | €2,073 | €4,375 | +€2,302 | +111% |
| Current investments | 50/53 | €116,000 | €133,000 | +€17,000 | +14.7% |
| Cash at bank and in hand | 54/58 | €41,485 | €26,398 | -€15,087 | -36.4% |
| Total equity and liabilities | 10/49 | €357,169 | €372,706 | +€15,537 | +4.3% |
| Equity | 10/15 | €161,934 | €164,939 | +€3,005 | +1.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €155,734 | €158,739 | +€3,005 | +1.9% |
| Distributable reserves | 133 | €155,734 | €158,739 | +€3,005 | +1.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €195,235 | €207,767 | +€12,531 | +6.4% |
| Amounts payable after more than one year | 17 | €76,800 | €57,407 | -€19,392 | -25.3% |
| Financial debts | 170/4 | €76,800 | €57,407 | -€19,392 | -25.3% |
| Amounts payable within one year | 42/48 | €118,435 | €150,359 | +€31,924 | +27.0% |
| Current portion of amounts payable after more than one year | 42 | €18,648 | €19,392 | +€744 | +4.0% |
| Financial debts | 43 | - | €6,731 | +€6,731 | |
| Credit institutions | 430/8 | - | €6,731 | +€6,731 | |
| Trade debts | 44 | €39,393 | €60,463 | +€21,070 | +53.5% |
| Suppliers | 440/4 | €39,393 | €60,463 | +€21,070 | +53.5% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €55,583 | €60,418 | +€4,835 | +8.7% |
| Taxes | 450/3 | €19,467 | €34,190 | +€14,723 | +75.6% |
| Remuneration and social security | 454/9 | €36,116 | €26,228 | -€9,888 | -27.4% |
| Other amounts payable | 47/48 | €4,812 | €3,356 | -€1,456 | -30.3% |
| Remuneration, social security and pensions | 62 | €326,169 | €355,330 | +€29,160 | +8.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,197 | €26,119 | +€6,922 | +36.1% |
| Other operating charges | 640/8 | €7,621 | €1,370 | -€6,252 | -82.0% |
| Gross operating margin | 9900 | €417,763 | €442,789 | +€25,026 | +6.0% |
| Operating profit (loss) | 9901 | €64,775 | €59,971 | -€4,804 | -7.4% |
| Financial income | 75/76B | €897 | €958 | +€61 | +6.8% |
| Recurring financial income | 75 | €897 | €958 | +€61 | +6.8% |
| Financial charges | 65/66B | €1,161 | €3,901 | +€2,739 | +236% |
| Recurring financial charges | 65 | €1,161 | €3,901 | +€2,739 | +236% |
| Profit (loss) for the period before taxes | 9903 | €64,511 | €57,028 | -€7,483 | -11.6% |
| Income taxes | 67/77 | €17,927 | €16,947 | -€980 | -5.5% |
| Profit (loss) for the period | 9904 | €46,584 | €40,081 | -€6,503 | -14.0% |
| Profit (loss) for the period to be appropriated | 9905 | €46,584 | €40,081 | -€6,503 | -14.0% |
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 17 October 2026 via checked.be.