S-PEAK: 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.
S-PEAK
Largest movements
- Cash -€58,048
down €58,048 (-71.4%), from €81,286 to €23,238
mainly Contributions, distributions and other (-€59,511) and Other debts (-€7,377)
- Tangible fixed assets -€19,766
down €19,766 (-24.9%), from €79,535 to €59,768
- Receivables within one year -€3,226
down €3,226 (-6.7%), from €48,326 to €45,101
of which Other amounts receivable: -€6,009
- Stocks and contracts -€2,750
no longer reported in 2025 (was €2,750)
- Reserves -€53,373
down €53,373 (-29.2%), from €182,563 to €129,190
of which Distributable reserves: -€53,373
- Other debts -€7,377
no longer reported in 2025 (was €7,377)
- Debts after one year -€6,642
down €6,642 (-60.4%), from €11,000 to €4,358
- Contributions -€6,138
no longer reported in 2025 (was €6,138)
- Profit (loss) carried forward -€5,025
down €5,025 (-20.0%), from -€25,127 to -€30,152
- Gross operating margin +€7,520
up €7,520 (+64.2%), from €11,710 to €19,230
- Depreciation +€2,116
up €2,116 (+14.7%), from €14,401 to €16,516
- Taxes +€1,374
up €1,374 (+275%), from €499 to €1,874
- Other operating charges -€568
down €568 (-27.7%), from €2,053 to €1,485
- Financial charges +€366
up €366 (+24.9%), from €1,469 to €1,835
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 | €211,897 | €129,398 | -€82,499 | -38.9% |
| Fixed assets | 21/28 | €79,535 | €59,768 | -€19,766 | -24.9% |
| Tangible fixed assets | 22/27 | €79,535 | €59,768 | -€19,766 | -24.9% |
| Plant, machinery and equipment | 23 | €3,284 | €1,503 | -€1,781 | -54.2% |
| Furniture and vehicles | 24 | €30,151 | €23,105 | -€7,046 | -23.4% |
| Leasing and similar rights | 25 | €29,750 | €25,500 | -€4,250 | -14.3% |
| Other tangible fixed assets | 26 | €16,350 | €9,661 | -€6,689 | -40.9% |
| Current assets | 29/58 | €132,362 | €69,629 | -€62,733 | -47.4% |
| Stocks and contracts in progress | 3 | €2,750 | - | -€2,750 | |
| Stocks | 30/36 | €2,750 | - | -€2,750 | |
| Amounts receivable within one year | 40/41 | €48,326 | €45,101 | -€3,226 | -6.7% |
| Trade receivables | 40 | €32,876 | €35,660 | +€2,784 | +8.5% |
| Other amounts receivable | 41 | €15,450 | €9,441 | -€6,009 | -38.9% |
| Cash at bank and in hand | 54/58 | €81,286 | €23,238 | -€58,048 | -71.4% |
| Deferred charges and accrued income | 490/1 | - | €1,290 | +€1,290 | |
| Total equity and liabilities | 10/49 | €211,897 | €129,398 | -€82,499 | -38.9% |
| Equity | 10/15 | €163,574 | €99,038 | -€64,536 | -39.5% |
| Contributions | 10/11 | €6,138 | - | -€6,138 | |
| Reserves | 13 | €182,563 | €129,190 | -€53,373 | -29.2% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €180,703 | €127,330 | -€53,373 | -29.5% |
| Profit (loss) carried forward | 14 | -€25,127 | -€30,152 | -€5,025 | -20.0% |
| Amounts payable | 17/49 | €48,323 | €30,359 | -€17,963 | -37.2% |
| Amounts payable after more than one year | 17 | €11,000 | €4,358 | -€6,642 | -60.4% |
| Financial debts | 170/4 | €11,000 | €4,358 | -€6,642 | -60.4% |
| Amounts payable within one year | 42/48 | €37,322 | €26,001 | -€11,321 | -30.3% |
| Current portion of amounts payable after more than one year | 42 | €7,535 | €7,233 | -€301 | -4.0% |
| Trade debts | 44 | €17,228 | €12,250 | -€4,977 | -28.9% |
| Suppliers | 440/4 | €17,228 | €12,250 | -€4,977 | -28.9% |
| Taxes, remuneration and social security | 45 | €5,183 | €6,517 | +€1,335 | +25.8% |
| Taxes | 450/3 | €5,183 | €6,517 | +€1,335 | +25.8% |
| Other amounts payable | 47/48 | €7,377 | - | -€7,377 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,401 | €16,516 | +€2,116 | +14.7% |
| Other operating charges | 640/8 | €2,053 | €1,485 | -€568 | -27.7% |
| Non-recurring operating charges | 66A | - | €3,250 | +€3,250 | |
| Gross operating margin | 9900 | €11,710 | €19,230 | +€7,520 | +64.2% |
| Operating profit (loss) | 9901 | -€4,744 | -€2,021 | +€2,722 | +57.4% |
| Financial income | 75/76B | €422 | €705 | +€283 | +67.1% |
| Recurring financial income | 75 | €422 | €705 | +€283 | +67.1% |
| Financial charges | 65/66B | €1,469 | €1,835 | +€366 | +24.9% |
| Recurring financial charges | 65 | €1,469 | €1,835 | +€366 | +24.9% |
| Profit (loss) for the period before taxes | 9903 | -€5,791 | -€3,151 | +€2,640 | +45.6% |
| Income taxes | 67/77 | €499 | €1,874 | +€1,374 | +275% |
| Profit (loss) for the period | 9904 | -€6,290 | -€5,025 | +€1,265 | +20.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,290 | -€5,025 | +€1,265 | +20.1% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.