SPEBER: 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.
SPEBER
Largest movements
- Cash +€101,225
up €101,225 (+90.3%), from €112,104 to €213,329
mainly Net result for the year (+€66,873) and Receivables within one year (+€26,431)
- Receivables within one year -€26,431
down €26,431 (-51.4%), from €51,407 to €24,976
of which Other amounts receivable: -€25,897
- Tangible fixed assets -€6,148
down €6,148 (-26.3%), from €23,419 to €17,271
- Reserves +€66,873
up €66,873 (+44.4%), from €150,716 to €217,589
- Tax, wage and social debts +€15,047
up €15,047 (+363%), from €4,149 to €19,196
of which Taxes: +€15,047
- Debts after one year -€12,584
down €12,584 (-74.6%), from €16,861 to €4,277
- Gross operating margin +€81,906
up €81,906 (+350%), from €23,434 to €105,339
- Taxes +€21,576
up €21,576 (+556%), from €3,881 to €25,457
- Financial income -€1,986
down €1,986 (-83.9%), from €2,367 to €382
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 | €189,552 | €258,344 | +€68,792 | +36.3% |
| Fixed assets | 21/28 | €23,419 | €17,271 | -€6,148 | -26.3% |
| Tangible fixed assets | 22/27 | €23,419 | €17,271 | -€6,148 | -26.3% |
| Furniture and vehicles | 24 | €23,419 | €17,271 | -€6,148 | -26.3% |
| Current assets | 29/58 | €166,133 | €241,073 | +€74,940 | +45.1% |
| Amounts receivable within one year | 40/41 | €51,407 | €24,976 | -€26,431 | -51.4% |
| Trade receivables | 40 | €19,166 | €18,631 | -€535 | -2.8% |
| Other amounts receivable | 41 | €32,241 | €6,345 | -€25,897 | -80.3% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €112,104 | €213,329 | +€101,225 | +90.3% |
| Deferred charges and accrued income | 490/1 | €2,622 | €2,768 | +€146 | +5.6% |
| Total equity and liabilities | 10/49 | €189,552 | €258,344 | +€68,792 | +36.3% |
| Equity | 10/15 | €153,216 | €220,089 | +€66,873 | +43.6% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €150,716 | €217,589 | +€66,873 | +44.4% |
| Distributable reserves | 133 | €150,716 | €217,589 | +€66,873 | +44.4% |
| Amounts payable | 17/49 | €36,336 | €38,255 | +€1,919 | +5.3% |
| Amounts payable after more than one year | 17 | €16,861 | €4,277 | -€12,584 | -74.6% |
| Financial debts | 170/4 | €16,861 | €4,277 | -€12,584 | -74.6% |
| Amounts payable within one year | 42/48 | €19,475 | €33,978 | +€14,503 | +74.5% |
| Current portion of amounts payable after more than one year | 42 | €12,224 | €12,584 | +€360 | +2.9% |
| Trade debts | 44 | €1,674 | €730 | -€945 | -56.4% |
| Suppliers | 440/4 | €1,674 | €730 | -€945 | -56.4% |
| Taxes, remuneration and social security | 45 | €4,149 | €19,196 | +€15,047 | +363% |
| Taxes | 450/3 | €1,949 | €16,996 | +€15,047 | +772% |
| Remuneration and social security | 454/9 | €2,200 | €2,200 | = | 0.0% |
| Other amounts payable | 47/48 | €1,428 | €1,469 | +€41 | +2.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,168 | €11,932 | +€764 | +6.8% |
| Other operating charges | 640/8 | €195 | €736 | +€540 | +277% |
| Gross operating margin | 9900 | €23,434 | €105,339 | +€81,906 | +350% |
| Operating profit (loss) | 9901 | €12,071 | €92,672 | +€80,601 | +668% |
| Financial income | 75/76B | €2,367 | €382 | -€1,986 | -83.9% |
| Recurring financial income | 75 | €2,367 | €382 | -€1,986 | -83.9% |
| Financial charges | 65/66B | €1,068 | €723 | -€346 | -32.4% |
| Recurring financial charges | 65 | €1,068 | €723 | -€346 | -32.4% |
| Profit (loss) for the period before taxes | 9903 | €13,369 | €92,330 | +€78,961 | +591% |
| Income taxes | 67/77 | €3,881 | €25,457 | +€21,576 | +556% |
| Profit (loss) for the period | 9904 | €9,489 | €66,873 | +€57,385 | +605% |
| Profit (loss) for the period to be appropriated | 9905 | €9,489 | €66,873 | +€57,385 | +605% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.