SPECULOSE: 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.
SPECULOSE
Largest movements
- Intangible fixed assets +€8,002
up €8,002 (+29.5%), from €27,120 to €35,122
- Receivables within one year +€853
up €853 (+4.5%), from €19,096 to €19,949
of which Trade receivables: +€1,842
- Profit (loss) carried forward +€31,820
up €31,820 (+18.6%), from -€170,870 to -€139,050
- Other debts -€25,295
down €25,295 (-14.0%), from €180,441 to €155,146
- Trade debts +€1,845
up €1,845 (+7.2%), from €25,516 to €27,360
- Gross operating margin +€29,782
up €29,782 (+272.5%), from €10,928 to €40,710
- Other operating charges -€8,347
down €8,347 (-97.7%), from €8,547 to €200
- Depreciation +€4,777
up €4,777 (+127.7%), from €3,741 to €8,518
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 | €47,540 | €55,910 | +€8,369 | +17.6% |
| Fixed assets | 21/28 | €27,120 | €35,122 | +€8,002 | +29.5% |
| Intangible fixed assets | 21 | €27,120 | €35,122 | +€8,002 | +29.5% |
| Current assets | 29/58 | €20,421 | €20,788 | +€367 | +1.8% |
| Amounts receivable within one year | 40/41 | €19,096 | €19,949 | +€853 | +4.5% |
| Trade receivables | 40 | €17,509 | €19,351 | +€1,842 | +10.5% |
| Other amounts receivable | 41 | €1,587 | €598 | -€989 | -62.3% |
| Cash at bank and in hand | 54/58 | €951 | €463 | -€488 | -51.3% |
| Deferred charges and accrued income | 490/1 | €374 | €376 | +€2 | +0.6% |
| Total equity and liabilities | 10/49 | €47,540 | €55,910 | +€8,369 | +17.6% |
| Equity | 10/15 | -€158,416 | -€126,597 | +€31,820 | +20.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €54 | €54 | = | 0.0% |
| Distributable reserves | 133 | €54 | €54 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€170,870 | -€139,050 | +€31,820 | +18.6% |
| Amounts payable | 17/49 | €205,957 | €182,506 | -€23,450 | -11.4% |
| Amounts payable within one year | 42/48 | €205,957 | €182,506 | -€23,450 | -11.4% |
| Trade debts | 44 | €25,516 | €27,360 | +€1,845 | +7.2% |
| Suppliers | 440/4 | €25,516 | €27,360 | +€1,845 | +7.2% |
| Other amounts payable | 47/48 | €180,441 | €155,146 | -€25,295 | -14.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,741 | €8,518 | +€4,777 | +127.7% |
| Other operating charges | 640/8 | €8,547 | €200 | -€8,347 | -97.7% |
| Gross operating margin | 9900 | €10,928 | €40,710 | +€29,782 | +272.5% |
| Operating profit (loss) | 9901 | -€1,360 | €31,993 | +€33,352 | |
| Financial income | 75/76B | €180 | - | -€180 | |
| Recurring financial income | 75 | €180 | - | -€180 | |
| Financial charges | 65/66B | €200 | €173 | -€27 | -13.7% |
| Recurring financial charges | 65 | €200 | €173 | -€27 | -13.7% |
| Profit (loss) for the period before taxes | 9903 | -€1,380 | €31,820 | +€33,200 | |
| Profit (loss) for the period | 9904 | -€1,380 | €31,820 | +€33,200 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,380 | €31,820 | +€33,200 |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.