SPATIE: 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
SPATIE
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€16,420
2024 · €3,590+€12,830
Equity
€231,508
2024 · €215,088+€16,420
Cash
€2,938
2024 · €2,358+€581
Balance sheet total
€1.1m
2024 · €1.0m+€36,150
Largest movements
Assets
- Tangible fixed assets +€40,145
up €40,145 (+3.9%), from €1.0m to €1.1m
Equity and liabilities
- Accrued charges and deferred income +€33,886
up €33,886 (+22.0%), from €154,289 to €188,175
- Debts after one year -€25,751
down €25,751 (-66.2%), from €38,921 to €13,170
- Profit (loss) carried forward +€20,858
up €20,858 (+59.5%), from -€35,030 to -€14,173
Income statement
- Gross operating margin +€24,931
up €24,931 (+82.4%), from €30,261 to €55,192
- Depreciation +€5,158
up €5,158 (+17.4%), from €29,588 to €34,747
- Other operating charges +€4,169
up €4,169 (+1,202%), from €347 to €4,516
- Financial charges -€766
down €766 (-29.9%), from €2,565 to €1,799
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
€3,590
Gross operating margin
+€24,931
Depreciation
-€5,158
Other operating charges
-€4,169
Financial income
+€4
Financial charges
+€766
Taxes
-€1
Deferred taxes and other
-€3,544
Result 2025
€16,420
raises the resultlowers the resultnot broken down further in the accounts
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
+€100,458
Investment
-€74,891
Financing
-€24,986
Cash 2024
€2,358
From operations (derived)
+€100,458
Net result for the year
+€16,420
Depreciation
+€34,747
Deferred charges and accrued income
+€4,575
Provisions
-€2,285
Trade debts
+€2,452
Other debts
+€10,662
Accrued charges and deferred income
+€33,886
Investment (derived)
-€74,891
Investment in fixed assets (net)
-€74,891
Financing
-€24,986
Debts after one year
-€25,751
Current portion of long-term debt
+€765
Cash 2025
€2,938
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,041,747 | €1,077,898 | +€36,150 | +3.5% |
| Fixed assets | 21/28 | €1,033,722 | €1,073,867 | +€40,145 | +3.9% |
| Tangible fixed assets | 22/27 | €1,033,722 | €1,073,867 | +€40,145 | +3.9% |
| Land and buildings | 22 | €1,033,722 | €1,073,867 | +€40,145 | +3.9% |
| Current assets | 29/58 | €8,025 | €4,031 | -€3,995 | -49.8% |
| Cash at bank and in hand | 54/58 | €2,358 | €2,938 | +€581 | +24.6% |
| Deferred charges and accrued income | 490/1 | €5,668 | €1,092 | -€4,575 | -80.7% |
| Total equity and liabilities | 10/49 | €1,041,747 | €1,077,898 | +€36,150 | +3.5% |
| Equity | 10/15 | €215,088 | €231,508 | +€16,420 | +7.6% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €188,118 | €183,681 | -€4,438 | -2.4% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €181,918 | €177,481 | -€4,438 | -2.4% |
| Profit (loss) carried forward | 14 | -€35,030 | -€14,173 | +€20,858 | +59.5% |
| Provisions and deferred taxes | 16 | €90,424 | €88,139 | -€2,285 | -2.5% |
| Deferred taxes | 168 | €90,424 | €88,139 | -€2,285 | -2.5% |
| Amounts payable | 17/49 | €736,235 | €758,251 | +€22,015 | +3.0% |
| Amounts payable after more than one year | 17 | €38,921 | €13,170 | -€25,751 | -66.2% |
| Financial debts | 170/4 | €38,921 | €13,170 | -€25,751 | -66.2% |
| Amounts payable within one year | 42/48 | €543,025 | €556,905 | +€13,880 | +2.6% |
| Current portion of amounts payable after more than one year | 42 | €24,986 | €25,751 | +€765 | +3.1% |
| Trade debts | 44 | €2,075 | €4,527 | +€2,452 | +118% |
| Suppliers | 440/4 | €2,075 | €4,527 | +€2,452 | +118% |
| Other amounts payable | 47/48 | €515,965 | €526,627 | +€10,662 | +2.1% |
| Accrued charges and deferred income | 492/3 | €154,289 | €188,175 | +€33,886 | +22.0% |
| Non-recurring operating income | 76A | - | €17,000 | +€17,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,588 | €34,747 | +€5,158 | +17.4% |
| Other operating charges | 640/8 | €347 | €4,516 | +€4,169 | +1,202% |
| Gross operating margin | 9900 | €30,261 | €55,192 | +€24,931 | +82.4% |
| Operating profit (loss) | 9901 | €325 | €15,929 | +€15,604 | +4,796% |
| Financial income | 75/76B | €2 | €6 | +€4 | +254% |
| Recurring financial income | 75 | €2 | €6 | +€4 | +254% |
| Financial charges | 65/66B | €2,565 | €1,799 | -€766 | -29.9% |
| Recurring financial charges | 65 | €2,565 | €1,799 | -€766 | -29.9% |
| Profit (loss) for the period before taxes | 9903 | -€2,238 | €14,137 | +€16,375 | |
| Transfer from deferred taxes | 780 | €5,829 | €2,285 | -€3,544 | -60.8% |
| Income taxes | 67/77 | €1 | €2 | +€1 | +251% |
| Profit (loss) for the period | 9904 | €3,590 | €16,420 | +€12,830 | +357% |
| Transfer from tax-exempt reserves | 789 | €11,320 | €4,438 | -€6,882 | -60.8% |
| Profit (loss) for the period to be appropriated | 9905 | €14,910 | €20,858 | +€5,948 | +39.9% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.