SPATIE: what changed
Two fiscal 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.
SPATIE
Largest movements
- Cash +€449,986
up €449,986 (+42.7%), from €1.1m to €1.5m
mainly Other debts (+€695,269) and Net result for the year (+€519,970)
- Receivables within one year +€106,945
up €106,945 (+157.2%), from €68,014 to €174,959
of which Trade receivables: +€76,385
- Tangible fixed assets -€28,904
down €28,904 (-5.9%), from €491,161 to €462,257
of which Land and buildings: -€34,772
- Other debts +€695,269
up €695,269 (+2839.4%), from €24,487 to €719,756
- Reserves -€200,840
down €200,840 (-16.1%), from €1.2m to €1.0m
of which Distributable reserves: -€198,000
- Debts after one year -€37,818
down €37,818 (-10.9%), from €346,472 to €308,653
- Tax, wage and social debts +€35,131
up €35,131 (+18.6%), from €188,973 to €224,104
of which Taxes: +€108,749
- Trade debts +€32,439
up €32,439 (+120.0%), from €27,042 to €59,481
- Gross operating margin +€389,773
up €389,773 (+46.3%), from €841,020 to €1.2m
- Taxes +€75,329
up €75,329 (+122.1%), from €61,689 to €137,018
- Write-downs -€59,623
down €59,623, from €29,812 to -€29,812
- Financial income +€59,302
up €59,302 (+70.5%), from €84,153 to €143,454
- Other operating charges +€30,021
up €30,021 (+721.8%), from €4,159 to €34,181
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 | €1,908,917 | €2,437,718 | +€528,800 | +27.7% |
| Fixed assets | 21/28 | €580,161 | €551,257 | -€28,904 | -5.0% |
| Tangible fixed assets | 22/27 | €491,161 | €462,257 | -€28,904 | -5.9% |
| Land and buildings | 22 | €470,429 | €435,657 | -€34,772 | -7.4% |
| Plant, machinery and equipment | 23 | €11,390 | €9,896 | -€1,494 | -13.1% |
| Furniture and vehicles | 24 | €9,342 | €16,704 | +€7,362 | +78.8% |
| Financial fixed assets | 28 | €89,000 | €89,000 | = | 0.0% |
| Current assets | 29/58 | €1,328,756 | €1,886,461 | +€557,704 | +42.0% |
| Amounts receivable after more than one year | 29 | €38,400 | €38,400 | = | 0.0% |
| Other amounts receivable | 291 | €38,400 | €38,400 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €68,014 | €174,959 | +€106,945 | +157.2% |
| Trade receivables | 40 | €58,575 | €134,959 | +€76,385 | +130.4% |
| Other amounts receivable | 41 | €9,439 | €40,000 | +€30,561 | +323.8% |
| Current investments | 50/53 | €162,000 | €162,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €1,054,594 | €1,504,580 | +€449,986 | +42.7% |
| Deferred charges and accrued income | 490/1 | €5,748 | €6,521 | +€773 | +13.4% |
| Total equity and liabilities | 10/49 | €1,908,917 | €2,437,718 | +€528,800 | +27.7% |
| Equity | 10/15 | €1,263,358 | €1,062,518 | -€200,840 | -15.9% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €1,244,808 | €1,043,968 | -€200,840 | -16.1% |
| Non-distributable reserves | 130/1 | €200,400 | €200,400 | = | 0.0% |
| Own shares acquired | 1312 | €200,400 | €200,400 | = | 0.0% |
| Tax-exempt reserves | 132 | €39,753 | €36,914 | -€2,840 | -7.1% |
| Distributable reserves | 133 | €1,004,654 | €806,654 | -€198,000 | -19.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €13,251 | €12,305 | -€947 | -7.1% |
| Deferred taxes | 168 | €13,251 | €12,305 | -€947 | -7.1% |
| Amounts payable | 17/49 | €632,309 | €1,362,895 | +€730,586 | +115.5% |
| Amounts payable after more than one year | 17 | €346,472 | €308,653 | -€37,818 | -10.9% |
| Financial debts | 170/4 | €346,472 | €308,653 | -€37,818 | -10.9% |
| Amounts payable within one year | 42/48 | €285,837 | €1,054,242 | +€768,405 | +268.8% |
| Current portion of amounts payable after more than one year | 42 | €37,376 | €37,818 | +€442 | +1.2% |
| Financial debts | 43 | €7,959 | €13,082 | +€5,124 | +64.4% |
| Credit institutions | 430/8 | €7,959 | €13,082 | +€5,124 | +64.4% |
| Trade debts | 44 | €27,042 | €59,481 | +€32,439 | +120.0% |
| Suppliers | 440/4 | €27,042 | €59,481 | +€32,439 | +120.0% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €188,973 | €224,104 | +€35,131 | +18.6% |
| Taxes | 450/3 | €59,175 | €167,924 | +€108,749 | +183.8% |
| Remuneration and social security | 454/9 | €129,798 | €56,180 | -€73,618 | -56.7% |
| Other amounts payable | 47/48 | €24,487 | €719,756 | +€695,269 | +2839.4% |
| Remuneration, social security and pensions | 62 | €656,796 | €639,427 | -€17,369 | -2.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,208 | €45,916 | -€293 | -0.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €29,812 | -€29,812 | -€59,623 | |
| Other operating charges | 640/8 | €4,159 | €34,181 | +€30,021 | +721.8% |
| Gross operating margin | 9900 | €841,020 | €1,230,793 | +€389,773 | +46.3% |
| Operating profit (loss) | 9901 | €104,045 | €541,082 | +€437,036 | +420.0% |
| Financial income | 75/76B | €84,153 | €143,454 | +€59,302 | +70.5% |
| Recurring financial income | 75 | €84,153 | €143,454 | +€59,302 | +70.5% |
| Financial charges | 65/66B | €16,987 | €28,495 | +€11,508 | +67.7% |
| Recurring financial charges | 65 | €16,987 | €28,495 | +€11,508 | +67.7% |
| Profit (loss) for the period before taxes | 9903 | €171,211 | €656,041 | +€484,830 | +283.2% |
| Transfer from deferred taxes | 780 | €947 | €947 | = | 0.0% |
| Income taxes | 67/77 | €61,689 | €137,018 | +€75,329 | +122.1% |
| Profit (loss) for the period | 9904 | €110,468 | €519,970 | +€409,502 | +370.7% |
| Transfer from tax-exempt reserves | 789 | €2,840 | €2,840 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €113,308 | €522,809 | +€409,502 | +361.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.