SpéciFisc: 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.
SpéciFisc
Largest movements
- Intangible fixed assets -€50,335
down €50,335 (-18.2%), from €276,099 to €225,764
- Tangible fixed assets +€14,028
up €14,028 (+285.1%), from €4,920 to €18,949
- Receivables within one year +€7,910
up €7,910 (+9.2%), from €86,161 to €94,071
of which Trade receivables: +€12,100
- Cash -€4,762
down €4,762 (-10.5%), from €45,528 to €40,766
mainly Debts after one year (-€47,746) and Investment in fixed assets (net) (-€24,940)
- Debts after one year -€47,746
down €47,746 (-17.7%), from €270,357 to €222,611
- Trade debts +€8,914
up €8,914 (+10.5%), from €84,982 to €93,896
- Gross operating margin +€20,795
up €20,795 (+30.0%), from €69,376 to €90,171
- Depreciation +€8,568
up €8,568 (+16.3%), from €52,680 to €61,247
- Staff costs +€7,175
up €7,175 (+104.9%), from €6,843 to €14,018
- Financial charges +€1,112
up €1,112 (+11.5%), from €9,634 to €10,746
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 | €414,024 | €380,041 | -€33,983 | -8.2% |
| Fixed assets | 21/28 | €281,020 | €244,712 | -€36,307 | -12.9% |
| Intangible fixed assets | 21 | €276,099 | €225,764 | -€50,335 | -18.2% |
| Tangible fixed assets | 22/27 | €4,920 | €18,949 | +€14,028 | +285.1% |
| Furniture and vehicles | 24 | €4,920 | €18,949 | +€14,028 | +285.1% |
| Current assets | 29/58 | €133,004 | €135,328 | +€2,325 | +1.7% |
| Amounts receivable within one year | 40/41 | €86,161 | €94,071 | +€7,910 | +9.2% |
| Trade receivables | 40 | €81,834 | €93,934 | +€12,100 | +14.8% |
| Other amounts receivable | 41 | €4,328 | €137 | -€4,190 | -96.8% |
| Cash at bank and in hand | 54/58 | €45,528 | €40,766 | -€4,762 | -10.5% |
| Deferred charges and accrued income | 490/1 | €1,314 | €491 | -€824 | -62.7% |
| Total equity and liabilities | 10/49 | €414,024 | €380,041 | -€33,983 | -8.2% |
| Equity | 10/15 | €6,738 | €9,908 | +€3,170 | +47.0% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €738 | €3,908 | +€3,170 | +429.4% |
| Amounts payable | 17/49 | €407,285 | €370,132 | -€37,153 | -9.1% |
| Amounts payable after more than one year | 17 | €270,357 | €222,611 | -€47,746 | -17.7% |
| Financial debts | 170/4 | €270,357 | €222,611 | -€47,746 | -17.7% |
| Amounts payable within one year | 42/48 | €135,964 | €146,695 | +€10,732 | +7.9% |
| Current portion of amounts payable after more than one year | 42 | €49,876 | €51,650 | +€1,774 | +3.6% |
| Trade debts | 44 | €84,982 | €93,896 | +€8,914 | +10.5% |
| Suppliers | 440/4 | €84,982 | €93,896 | +€8,914 | +10.5% |
| Taxes, remuneration and social security | 45 | €1,105 | €1,149 | +€44 | +3.9% |
| Taxes | 450/3 | - | €556 | +€556 | |
| Remuneration and social security | 454/9 | €1,105 | €593 | -€512 | -46.3% |
| Accrued charges and deferred income | 492/3 | €965 | €827 | -€139 | -14.4% |
| Remuneration, social security and pensions | 62 | €6,843 | €14,018 | +€7,175 | +104.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €52,680 | €61,247 | +€8,568 | +16.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €653 | +€653 | |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €69,376 | €90,171 | +€20,795 | +30.0% |
| Operating profit (loss) | 9901 | €9,466 | €13,853 | +€4,387 | +46.3% |
| Financial income | 75/76B | €87 | €237 | +€150 | +171.0% |
| Recurring financial income | 75 | €87 | €237 | +€150 | +171.0% |
| Financial charges | 65/66B | €9,634 | €10,746 | +€1,112 | +11.5% |
| Recurring financial charges | 65 | €9,634 | €10,746 | +€1,112 | +11.5% |
| Profit (loss) for the period before taxes | 9903 | -€80 | €3,344 | +€3,424 | |
| Income taxes | 67/77 | - | €174 | +€174 | |
| Profit (loss) for the period | 9904 | -€80 | €3,170 | +€3,250 | |
| Profit (loss) for the period to be appropriated | 9905 | -€80 | €3,170 | +€3,250 |
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 29 September 2026 via checked.be.