SPE: what changed
SPE
Largest movements
- Tangible fixed assets +€171,480
up €171,480 (+459%), from €37,369 to €208,849
- Cash +€35,426
up €35,426 (+631%), from €5,612 to €41,038
mainly Debts after one year (+€140,214) and Other debts (+€29,793)
- Debts after one year +€140,214
up €140,214 (+1,237%), from €11,334 to €151,548
- Other debts +€29,793
up €29,793 (+542%), from €5,500 to €35,293
- Current portion of long-term debt +€23,302
up €23,302 (+95.9%), from €24,299 to €47,601
- Trade debts +€10,074
up €10,074 (+35.3%), from €28,549 to €38,623
- Tax, wage and social debts +€4,564
up €4,564 (+130%), from €3,519 to €8,083
- Staff costs +€46,370
up €46,370 (+10.5%), from €441,532 to €487,902
- Depreciation -€24,249
down €24,249 (-95.5%), from €25,400 to €1,151
- Gross operating margin +€17,014
up €17,014 (+3.6%), from €476,124 to €493,138
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €134,444 | €342,916 | +€208,472 | +155% |
| Fixed assets | 21/28 | €37,369 | €208,849 | +€171,480 | +459% |
| Tangible fixed assets | 22/27 | €37,369 | €208,849 | +€171,480 | +459% |
| Plant, machinery and equipment | 23 | €37,369 | €208,849 | +€171,480 | +459% |
| Current assets | 29/58 | €97,075 | €134,067 | +€36,992 | +38.1% |
| Amounts receivable within one year | 40/41 | €91,463 | €93,029 | +€1,566 | +1.7% |
| Trade receivables | 40 | €91,255 | €93,029 | +€1,774 | +1.9% |
| Other amounts receivable | 41 | €208 | - | -€208 | |
| Cash at bank and in hand | 54/58 | €5,612 | €41,038 | +€35,426 | +631% |
| Total equity and liabilities | 10/49 | €134,444 | €342,916 | +€208,472 | +155% |
| Equity | 10/15 | €61,243 | €61,768 | +€525 | +0.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €42,643 | €43,168 | +€525 | +1.2% |
| 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 | €40,783 | €41,308 | +€525 | +1.3% |
| Amounts payable | 17/49 | €73,201 | €281,148 | +€207,947 | +284% |
| Amounts payable after more than one year | 17 | €11,334 | €151,548 | +€140,214 | +1,237% |
| Financial debts | 170/4 | €11,334 | €151,548 | +€140,214 | +1,237% |
| Amounts payable within one year | 42/48 | €61,867 | €129,600 | +€67,733 | +109% |
| Current portion of amounts payable after more than one year | 42 | €24,299 | €47,601 | +€23,302 | +95.9% |
| Trade debts | 44 | €28,549 | €38,623 | +€10,074 | +35.3% |
| Suppliers | 440/4 | €28,549 | €38,623 | +€10,074 | +35.3% |
| Taxes, remuneration and social security | 45 | €3,519 | €8,083 | +€4,564 | +130% |
| Taxes | 450/3 | €3,519 | €8,083 | +€4,564 | +130% |
| Other amounts payable | 47/48 | €5,500 | €35,293 | +€29,793 | +542% |
| Remuneration, social security and pensions | 62 | €441,532 | €487,902 | +€46,370 | +10.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,400 | €1,151 | -€24,249 | -95.5% |
| Other operating charges | 640/8 | €627 | €2,438 | +€1,811 | +289% |
| Gross operating margin | 9900 | €476,124 | €493,138 | +€17,014 | +3.6% |
| Operating profit (loss) | 9901 | €8,565 | €1,647 | -€6,918 | -80.8% |
| Financial charges | 65/66B | €777 | €1,123 | +€346 | +44.5% |
| Recurring financial charges | 65 | €777 | €1,123 | +€346 | +44.5% |
| Profit (loss) for the period before taxes | 9903 | €7,788 | €524 | -€7,264 | -93.3% |
| Income taxes | 67/77 | €1,803 | - | -€1,803 | |
| Profit (loss) for the period | 9904 | €5,985 | €524 | -€5,461 | -91.2% |
| Profit (loss) for the period to be appropriated | 9905 | €5,985 | €524 | -€5,461 | -91.2% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.