SPAYEMONT: 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.
SPAYEMONT
Largest movements
- Tangible fixed assets +€530,131
up €530,131 (+1,169%), from €45,358 to €575,489
of which Land and buildings: +€489,836
- Cash +€104,000
up €104,000 (+357%), from €29,130 to €133,131
mainly Debts after one year (+€403,934) and Other debts (+€301,486)
- Debts after one year +€403,934
new in 2025: €403,934
- Other debts +€301,486
up €301,486 (+603%), from €50,000 to €351,486
- Profit (loss) carried forward -€77,461
down €77,461 (-183%), from -€42,255 to -€119,716
- Gross operating margin -€28,515
down €28,515 (-565%), from -€5,044 to -€33,559
- Depreciation +€25,865
up €25,865 (+717%), from €3,608 to €29,473
- Financial charges +€11,649
up €11,649 (+3,061%), from €381 to €12,030
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 | €76,268 | €716,196 | +€639,928 | +839% |
| Fixed assets | 21/28 | €45,358 | €575,489 | +€530,131 | +1,169% |
| Tangible fixed assets | 22/27 | €45,358 | €575,489 | +€530,131 | +1,169% |
| Land and buildings | 22 | €45,358 | €535,194 | +€489,836 | +1,080% |
| Furniture and vehicles | 24 | - | €40,295 | +€40,295 | |
| Current assets | 29/58 | €30,910 | €140,707 | +€109,797 | +355% |
| Amounts receivable within one year | 40/41 | €1,546 | €7,396 | +€5,850 | +378% |
| Other amounts receivable | 41 | €1,546 | €7,396 | +€5,850 | +378% |
| Cash at bank and in hand | 54/58 | €29,130 | €133,131 | +€104,000 | +357% |
| Deferred charges and accrued income | 490/1 | €234 | €181 | -€53 | -22.7% |
| Total equity and liabilities | 10/49 | €76,268 | €716,196 | +€639,928 | +839% |
| Equity | 10/15 | €23,130 | -€54,332 | -€77,461 | |
| Contributions | 10/11 | €62,620 | €62,620 | = | 0.0% |
| Capital | 10 | €62,000 | - | -€62,000 | |
| Issued capital | 100 | €62,000 | - | -€62,000 | |
| Uncalled capital | 101 | €0 | - | = | |
| Contributions outside capital | 11 | €620 | - | -€620 | |
| Share premium | 1100/10 | €620 | - | -€620 | |
| Reserves | 13 | €2,765 | €2,765 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,765 | €2,765 | = | 0.0% |
| Legal reserve | 130 | €2,765 | - | -€2,765 | |
| Reserves not available under the articles | 1311 | - | €2,765 | +€2,765 | |
| Profit (loss) carried forward | 14 | -€42,255 | -€119,716 | -€77,461 | -183% |
| Provisions and deferred taxes | 16 | €0 | - | = | |
| Provisions for liabilities and charges | 160/5 | €0 | - | = | |
| Major repairs and maintenance | 162 | €0 | - | = | |
| Amounts payable | 17/49 | €53,138 | €770,528 | +€717,389 | +1,350% |
| Amounts payable after more than one year | 17 | - | €403,934 | +€403,934 | |
| Financial debts | 170/4 | - | €403,934 | +€403,934 | |
| Amounts payable within one year | 42/48 | €51,201 | €358,531 | +€307,330 | +600% |
| Trade debts | 44 | €1,201 | €7,046 | +€5,845 | +487% |
| Suppliers | 440/4 | €1,201 | €7,046 | +€5,845 | +487% |
| Other amounts payable | 47/48 | €50,000 | €351,486 | +€301,486 | +603% |
| Accrued charges and deferred income | 492/3 | €1,938 | €8,063 | +€6,125 | +316% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,608 | €29,473 | +€25,865 | +717% |
| Other operating charges | 640/8 | €2,316 | €2,419 | +€102 | +4.4% |
| Gross operating margin | 9900 | -€5,044 | -€33,559 | -€28,515 | -565% |
| Operating profit (loss) | 9901 | -€10,969 | -€65,451 | -€54,482 | -497% |
| Financial income | 75/76B | €1 | €19 | +€19 | +2,285% |
| Recurring financial income | 75 | €1 | €19 | +€19 | +2,285% |
| Financial charges | 65/66B | €381 | €12,030 | +€11,649 | +3,061% |
| Recurring financial charges | 65 | €381 | €12,030 | +€11,649 | +3,061% |
| Profit (loss) for the period before taxes | 9903 | -€11,349 | -€77,461 | -€66,113 | -583% |
| Profit (loss) for the period | 9904 | -€11,349 | -€77,461 | -€66,113 | -583% |
| Profit (loss) for the period to be appropriated | 9905 | -€11,349 | -€77,461 | -€66,113 | -583% |
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 22 October 2026 via checked.be.