Dr. Else Spillebeen: 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.
Dr. Else Spillebeen
Largest movements
- Tangible fixed assets -€29,174
down €29,174 (-7.8%), from €373,895 to €344,720
of which Land and buildings: -€32,641
- Cash -€12,359
down €12,359 (-15.6%), from €79,170 to €66,811
mainly Contributions, distributions and other (-€74,201) and Debts after one year (-€31,099)
- Receivables within one year +€10,190
up €10,190 (+95.7%), from €10,645 to €20,834
of which Other amounts receivable: +€11,438
- Debts after one year -€31,099
down €31,099 (-10.7%), from €291,240 to €260,141
- Other debts -€8,986
down €8,986 (-7.4%), from €121,365 to €112,379
- Tax, wage and social debts +€6,903
up €6,903 (+94.7%), from €7,290 to €14,193
of which Taxes: +€6,903
- Gross operating margin -€17,550
down €17,550 (-9.5%), from €185,597 to €168,046
- Other operating charges +€9,949
up €9,949 (+7,896%), from €126 to €10,075
- Taxes -€7,547
down €7,547 (-28.4%), from €26,587 to €19,040
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 | €465,520 | €436,228 | -€29,292 | -6.3% |
| Fixed assets | 21/28 | €373,895 | €344,720 | -€29,174 | -7.8% |
| Tangible fixed assets | 22/27 | €373,895 | €344,720 | -€29,174 | -7.8% |
| Land and buildings | 22 | €338,891 | €306,250 | -€32,641 | -9.6% |
| Plant, machinery and equipment | 23 | €4,552 | €3,983 | -€570 | -12.5% |
| Furniture and vehicles | 24 | €30,451 | €16,496 | -€13,955 | -45.8% |
| Other tangible fixed assets | 26 | - | €17,991 | +€17,991 | |
| Current assets | 29/58 | €91,626 | €91,508 | -€118 | -0.1% |
| Amounts receivable within one year | 40/41 | €10,645 | €20,834 | +€10,190 | +95.7% |
| Trade receivables | 40 | €1,248 | - | -€1,248 | |
| Other amounts receivable | 41 | €9,396 | €20,834 | +€11,438 | +122% |
| Cash at bank and in hand | 54/58 | €79,170 | €66,811 | -€12,359 | -15.6% |
| Deferred charges and accrued income | 490/1 | €1,811 | €3,863 | +€2,052 | +113% |
| Total equity and liabilities | 10/49 | €465,520 | €436,228 | -€29,292 | -6.3% |
| Equity | 10/15 | €14,260 | €14,260 | = | 0.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Amounts payable | 17/49 | €451,260 | €421,968 | -€29,292 | -6.5% |
| Amounts payable after more than one year | 17 | €291,240 | €260,141 | -€31,099 | -10.7% |
| Financial debts | 170/4 | €291,240 | €260,141 | -€31,099 | -10.7% |
| Amounts payable within one year | 42/48 | €159,372 | €160,236 | +€864 | +0.5% |
| Current portion of amounts payable after more than one year | 42 | €27,558 | €31,099 | +€3,541 | +12.8% |
| Trade debts | 44 | €3,159 | €2,565 | -€594 | -18.8% |
| Suppliers | 440/4 | €3,159 | €2,565 | -€594 | -18.8% |
| Taxes, remuneration and social security | 45 | €7,290 | €14,193 | +€6,903 | +94.7% |
| Taxes | 450/3 | €4,515 | €11,418 | +€6,903 | +153% |
| Remuneration and social security | 454/9 | €2,775 | €2,775 | = | 0.0% |
| Other amounts payable | 47/48 | €121,365 | €112,379 | -€8,986 | -7.4% |
| Accrued charges and deferred income | 492/3 | €648 | €1,591 | +€943 | +145% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €58,239 | €59,990 | +€1,752 | +3.0% |
| Other operating charges | 640/8 | €126 | €10,075 | +€9,949 | +7,896% |
| Gross operating margin | 9900 | €185,597 | €168,046 | -€17,550 | -9.5% |
| Operating profit (loss) | 9901 | €127,232 | €97,981 | -€29,251 | -23.0% |
| Financial income | 75/76B | - | €86 | +€86 | |
| Recurring financial income | 75 | - | €86 | +€86 | |
| Financial charges | 65/66B | €5,161 | €4,826 | -€335 | -6.5% |
| Recurring financial charges | 65 | €5,161 | €4,826 | -€335 | -6.5% |
| Profit (loss) for the period before taxes | 9903 | €122,071 | €93,241 | -€28,830 | -23.6% |
| Income taxes | 67/77 | €26,587 | €19,040 | -€7,547 | -28.4% |
| Profit (loss) for the period | 9904 | €95,484 | €74,201 | -€21,283 | -22.3% |
| Profit (loss) for the period to be appropriated | 9905 | €95,484 | €74,201 | -€21,283 | -22.3% |
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 20 October 2026 via checked.be.