SPAHIU: 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.
SPAHIU
Largest movements
- Receivables within one year -€7,441
down €7,441 (-18.1%), from €41,054 to €33,614
of which Other amounts receivable: -€9,215
- Stocks and contracts -€1,449
no longer reported in 2025 (was €1,449)
- Profit (loss) carried forward -€35,656
down €35,656 (-41.2%), from -€86,573 to -€122,229
- Tax, wage and social debts +€14,126
up €14,126 (+25.4%), from €55,563 to €69,689
of which Taxes: +€25,218
- Trade debts +€12,779
up €12,779 (+324.5%), from €3,938 to €16,717
- Taxes +€43,839
new in 2025: €43,839
- Depreciation -€1,667
no longer reported in 2025 (was €1,667)
- Financial charges +€875
up €875, from -€787 to €88
- Gross operating margin -€559
down €559 (-5.5%), from €10,208 to €9,649
- Staff costs +€463
new in 2025: €463
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.
Cash bridge derived
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 | €63,927 | €55,176 | -€8,751 | -13.7% |
| Fixed assets | 21/28 | €13,013 | €13,013 | = | 0.0% |
| Intangible fixed assets | 21 | €8,333 | €8,333 | = | 0.0% |
| Financial fixed assets | 28 | €4,679 | €4,679 | = | 0.0% |
| Current assets | 29/58 | €50,914 | €42,163 | -€8,751 | -17.2% |
| Stocks and contracts in progress | 3 | €1,449 | - | -€1,449 | |
| Stocks | 30/36 | €1,449 | - | -€1,449 | |
| Amounts receivable within one year | 40/41 | €41,054 | €33,614 | -€7,441 | -18.1% |
| Trade receivables | 40 | €28,561 | €30,336 | +€1,774 | +6.2% |
| Other amounts receivable | 41 | €12,493 | €3,278 | -€9,215 | -73.8% |
| Current investments | 50/53 | €1,483 | €1,483 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €6,928 | €6,917 | -€11 | -0.2% |
| Deferred charges and accrued income | 490/1 | - | €150 | +€150 | |
| Total equity and liabilities | 10/49 | €63,927 | €55,176 | -€8,751 | -13.7% |
| Equity | 10/15 | -€66,113 | -€101,769 | -€35,656 | -53.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 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% |
| Profit (loss) carried forward | 14 | -€86,573 | -€122,229 | -€35,656 | -41.2% |
| Amounts payable | 17/49 | €130,040 | €156,945 | +€26,905 | +20.7% |
| Amounts payable after more than one year | 17 | €35,233 | €35,233 | = | 0.0% |
| Financial debts | 170/4 | €10,233 | €10,233 | = | 0.0% |
| Other amounts payable | 178/9 | €25,000 | €25,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €94,807 | €121,711 | +€26,905 | +28.4% |
| Trade debts | 44 | €3,938 | €16,717 | +€12,779 | +324.5% |
| Suppliers | 440/4 | €3,938 | €16,717 | +€12,779 | +324.5% |
| Taxes, remuneration and social security | 45 | €55,563 | €69,689 | +€14,126 | +25.4% |
| Taxes | 450/3 | €24,796 | €50,014 | +€25,218 | +101.7% |
| Remuneration and social security | 454/9 | €30,767 | €19,675 | -€11,092 | -36.1% |
| Other amounts payable | 47/48 | €35,305 | €35,305 | = | 0.0% |
| Remuneration, social security and pensions | 62 | - | €463 | +€463 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,667 | - | -€1,667 | |
| Other operating charges | 640/8 | €1,017 | €915 | -€103 | -10.1% |
| Gross operating margin | 9900 | €10,208 | €9,649 | -€559 | -5.5% |
| Operating profit (loss) | 9901 | €7,524 | €8,272 | +€748 | +9.9% |
| Financial charges | 65/66B | -€787 | €88 | +€875 | |
| Recurring financial charges | 65 | -€787 | €88 | +€875 | |
| Profit (loss) for the period before taxes | 9903 | €8,311 | €8,184 | -€127 | -1.5% |
| Income taxes | 67/77 | - | €43,839 | +€43,839 | |
| Profit (loss) for the period | 9904 | €8,311 | -€35,656 | -€43,966 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,311 | -€35,656 | -€43,966 |
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 11 October 2026 via checked.be.