MC SPICE: what changed
MC SPICE
Largest movements
- Tangible fixed assets -€22,118
down €22,118 (-5.5%), from €405,275 to €383,156
of which Land and buildings: -€14,206
- Cash +€19,247
up €19,247 (+63.3%), from €30,404 to €49,651
mainly Net result for the year (+€43,817) and Depreciation (+€37,367)
- Profit (loss) carried forward +€43,817
up €43,817 (+48.4%), from €90,580 to €134,397
- Debts after one year -€36,788
down €36,788 (-13.3%), from €276,268 to €239,480
- Tax, wage and social debts -€6,975
down €6,975 (-21.6%), from €32,306 to €25,331
of which Taxes: -€8,395
- Gross operating margin +€17,220
up €17,220 (+20.9%), from €82,206 to €99,426
- Taxes +€3,431
up €3,431 (+27.8%), from €12,347 to €15,778
- Depreciation +€1,844
up €1,844 (+5.2%), from €35,523 to €37,367
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €447,305 | €444,023 | -€3,282 | -0.7% |
| Fixed assets | 21/28 | €405,825 | €383,706 | -€22,118 | -5.5% |
| Tangible fixed assets | 22/27 | €405,275 | €383,156 | -€22,118 | -5.5% |
| Land and buildings | 22 | €393,068 | €378,862 | -€14,206 | -3.6% |
| Furniture and vehicles | 24 | €12,207 | €4,295 | -€7,912 | -64.8% |
| Financial fixed assets | 28 | €550 | €550 | = | 0.0% |
| Current assets | 29/58 | €41,480 | €60,317 | +€18,837 | +45.4% |
| Amounts receivable within one year | 40/41 | €11,076 | €10,665 | -€411 | -3.7% |
| Trade receivables | 40 | €11,076 | €10,517 | -€559 | -5.0% |
| Other amounts receivable | 41 | - | €148 | +€148 | |
| Cash at bank and in hand | 54/58 | €30,404 | €49,651 | +€19,247 | +63.3% |
| Total equity and liabilities | 10/49 | €447,305 | €444,023 | -€3,282 | -0.7% |
| Equity | 10/15 | €96,831 | €140,648 | +€43,817 | +45.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €51 | €51 | = | 0.0% |
| Non-distributable reserves | 130/1 | €51 | €51 | = | 0.0% |
| Reserves not available under the articles | 1311 | €51 | €51 | = | 0.0% |
| Profit (loss) carried forward | 14 | €90,580 | €134,397 | +€43,817 | +48.4% |
| Amounts payable | 17/49 | €350,474 | €303,375 | -€47,099 | -13.4% |
| Amounts payable after more than one year | 17 | €276,268 | €239,480 | -€36,788 | -13.3% |
| Financial debts | 170/4 | €276,268 | €239,480 | -€36,788 | -13.3% |
| Amounts payable within one year | 42/48 | €74,206 | €63,895 | -€10,311 | -13.9% |
| Current portion of amounts payable after more than one year | 42 | €37,026 | €34,268 | -€2,759 | -7.5% |
| Trade debts | 44 | €928 | €1,994 | +€1,067 | +115% |
| Suppliers | 440/4 | €928 | €1,994 | +€1,067 | +115% |
| Taxes, remuneration and social security | 45 | €32,306 | €25,331 | -€6,975 | -21.6% |
| Taxes | 450/3 | €32,306 | €23,911 | -€8,395 | -26.0% |
| Remuneration and social security | 454/9 | - | €1,420 | +€1,420 | |
| Other amounts payable | 47/48 | €3,946 | €2,302 | -€1,644 | -41.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,523 | €37,367 | +€1,844 | +5.2% |
| Other operating charges | 640/8 | €1,828 | €1,740 | -€88 | -4.8% |
| Gross operating margin | 9900 | €82,206 | €99,426 | +€17,220 | +20.9% |
| Operating profit (loss) | 9901 | €44,855 | €60,320 | +€15,465 | +34.5% |
| Financial charges | 65/66B | €952 | €725 | -€227 | -23.8% |
| Recurring financial charges | 65 | €952 | €725 | -€227 | -23.8% |
| Profit (loss) for the period before taxes | 9903 | €43,904 | €59,595 | +€15,691 | +35.7% |
| Income taxes | 67/77 | €12,347 | €15,778 | +€3,431 | +27.8% |
| Profit (loss) for the period | 9904 | €31,557 | €43,817 | +€12,260 | +38.9% |
| Profit (loss) for the period to be appropriated | 9905 | €31,557 | €43,817 | +€12,260 | +38.9% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.