Het Spijker: 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
Het Spijker
NACE 56.301, Cafés and bars
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€103,340
2024 · €94,465+€8,875
Equity
€261,735
2024 · €158,395+€103,340
Cash
€349,150
2024 · €157,100+€192,050
Balance sheet total
€687,305
2024 · €535,059+€152,245
Largest movements
Assets
- Cash +€192,050
up €192,050 (+122%), from €157,100 to €349,150
mainly Net result for the year (+€103,340) and Trade debts (+€100,828)
- Intangible fixed assets -€35,260
down €35,260 (-12.6%), from €278,892 to €243,632
- Stocks and contracts -€7,205
down €7,205 (-38.9%), from €18,545 to €11,340
Equity and liabilities
- Profit (loss) carried forward +€103,340
up €103,340 (+214%), from €48,395 to €151,735
- Trade debts +€100,828
up €100,828 (+95.6%), from €105,448 to €206,276
- Debts after one year -€50,887
down €50,887 (-49.0%), from €103,816 to €52,929
Income statement
- Gross operating margin +€29,980
up €29,980 (+6.3%), from €478,946 to €508,926
- Taxes +€21,976
up €21,976 (+358%), from €6,142 to €28,118
- Other operating charges -€5,328
down €5,328 (-39.0%), from €13,679 to €8,351
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
€94,465
Gross operating margin
+€29,980
Staff costs
-€3,902
Depreciation
-€4,696
Other operating charges
+€5,328
Financial income
-€44
Financial charges
+€4,185
Taxes
-€21,976
Result 2025
€103,340
raises the resultlowers the result
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.
From operations
+€256,747
Investment
-€13,418
Financing
-€51,279
Cash 2024
€157,100
From operations (derived)
+€256,747
Net result for the year
+€103,340
Depreciation
+€48,328
Stocks and contracts
+€7,205
Receivables within one year
-€267
Deferred charges and accrued income
-€2,043
Trade debts
+€100,828
Tax, wage and social debts
-€2,037
Advances received
+€1,536
Other debts
-€142
Investment (derived)
-€13,418
Investment in fixed assets (net)
-€13,418
Current investments
-€0
Financing
-€51,279
Debts after one year
-€50,887
Current portion of long-term debt
+€2,123
Short-term financial debts
-€2,515
Cash 2025
€349,150
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €535,059 | €687,305 | +€152,245 | +28.5% |
| Fixed assets | 21/28 | €326,905 | €291,995 | -€34,910 | -10.7% |
| Intangible fixed assets | 21 | €278,892 | €243,632 | -€35,260 | -12.6% |
| Tangible fixed assets | 22/27 | €47,263 | €48,363 | +€1,100 | +2.3% |
| Land and buildings | 22 | €6,010 | €5,804 | -€206 | -3.4% |
| Plant, machinery and equipment | 23 | €20,436 | €26,195 | +€5,759 | +28.2% |
| Furniture and vehicles | 24 | €20,817 | €16,364 | -€4,452 | -21.4% |
| Financial fixed assets | 28 | €750 | €0 | -€750 | -100% |
| Current assets | 29/58 | €208,154 | €395,310 | +€187,155 | +89.9% |
| Stocks and contracts in progress | 3 | €18,545 | €11,340 | -€7,205 | -38.9% |
| Stocks | 30/36 | €18,545 | €11,340 | -€7,205 | -38.9% |
| Amounts receivable within one year | 40/41 | €22,824 | €23,091 | +€267 | +1.2% |
| Trade receivables | 40 | €12,412 | €11,709 | -€703 | -5.7% |
| Other amounts receivable | 41 | €10,412 | €11,382 | +€969 | +9.3% |
| Current investments | 50/53 | €45 | €45 | +€0 | +0.6% |
| Cash at bank and in hand | 54/58 | €157,100 | €349,150 | +€192,050 | +122% |
| Deferred charges and accrued income | 490/1 | €9,640 | €11,683 | +€2,043 | +21.2% |
| Total equity and liabilities | 10/49 | €535,059 | €687,305 | +€152,245 | +28.5% |
| Equity | 10/15 | €158,395 | €261,735 | +€103,340 | +65.2% |
| Contributions | 10/11 | €110,000 | €110,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €48,395 | €151,735 | +€103,340 | +214% |
| Amounts payable | 17/49 | €376,664 | €425,570 | +€48,906 | +13.0% |
| Amounts payable after more than one year | 17 | €103,816 | €52,929 | -€50,887 | -49.0% |
| Financial debts | 170/4 | €103,816 | €52,929 | -€50,887 | -49.0% |
| Amounts payable within one year | 42/48 | €272,848 | €372,641 | +€99,793 | +36.6% |
| Current portion of amounts payable after more than one year | 42 | €52,915 | €55,038 | +€2,123 | +4.0% |
| Financial debts | 43 | €3,062 | €547 | -€2,515 | -82.1% |
| Credit institutions | 430/8 | €3,062 | €547 | -€2,515 | -82.1% |
| Trade debts | 44 | €105,448 | €206,276 | +€100,828 | +95.6% |
| Suppliers | 440/4 | €105,448 | €206,276 | +€100,828 | +95.6% |
| Advances received on contracts in progress | 46 | €0 | €1,536 | +€1,536 | |
| Taxes, remuneration and social security | 45 | €91,441 | €89,404 | -€2,037 | -2.2% |
| Taxes | 450/3 | €59,393 | €57,427 | -€1,966 | -3.3% |
| Remuneration and social security | 454/9 | €32,048 | €31,976 | -€72 | -0.2% |
| Other amounts payable | 47/48 | €19,982 | €19,839 | -€142 | -0.7% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €311,341 | €315,243 | +€3,902 | +1.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,631 | €48,328 | +€4,696 | +10.8% |
| Other operating charges | 640/8 | €13,679 | €8,351 | -€5,328 | -39.0% |
| Gross operating margin | 9900 | €478,946 | €508,926 | +€29,980 | +6.3% |
| Operating profit (loss) | 9901 | €110,295 | €137,004 | +€26,709 | +24.2% |
| Financial income | 75/76B | €44 | €1 | -€44 | -98.8% |
| Recurring financial income | 75 | €44 | €1 | -€44 | -98.8% |
| Financial charges | 65/66B | €9,732 | €5,547 | -€4,185 | -43.0% |
| Recurring financial charges | 65 | €9,732 | €5,547 | -€4,185 | -43.0% |
| Profit (loss) for the period before taxes | 9903 | €100,608 | €131,458 | +€30,851 | +30.7% |
| Income taxes | 67/77 | €6,142 | €28,118 | +€21,976 | +358% |
| Profit (loss) for the period | 9904 | €94,465 | €103,340 | +€8,875 | +9.4% |
| Profit (loss) for the period to be appropriated | 9905 | €94,465 | €103,340 | +€8,875 | +9.4% |
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 13 October 2026 via checked.be.