SPEENGHAR: 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.
SPEENGHAR
Largest movements
- Receivables within one year +€249,050
up €249,050 (+42.4%), from €587,876 to €836,925
of which Trade receivables: +€206,180
- Tangible fixed assets +€217,484
up €217,484 (+208.5%), from €104,300 to €321,784
of which Land and buildings: +€177,717
- Cash -€120,724
down €120,724 (-64.5%), from €187,283 to €66,559
mainly Investment in fixed assets (net) (-€263,055) and Receivables within one year (-€249,050)
- Stocks and contracts +€48,520
up €48,520 (+21.1%), from €230,000 to €278,520
- Financial fixed assets +€16,225
up €16,225 (+584.7%), from €2,775 to €19,000
- Current portion of long-term debt +€228,344
up €228,344 (+2413.4%), from €9,462 to €237,806
- Profit (loss) carried forward +€138,711
up €138,711 (+52.4%), from €264,774 to €403,484
- Other debts -€63,600
down €63,600 (-41.6%), from €152,871 to €89,271
- Tax, wage and social debts +€54,326
up €54,326 (+99.4%), from €54,637 to €108,963
of which Remuneration and social security: +€39,997
- Debts after one year +€49,861
up €49,861 (+28.6%), from €174,377 to €224,237
- Gross operating margin +€119,314
up €119,314 (+39.5%), from €302,313 to €421,627
- Staff costs +€54,281
up €54,281 (+58.3%), from €93,123 to €147,404
- Financial charges +€17,353
up €17,353 (+204.7%), from €8,479 to €25,833
- Depreciation +€16,284
up €16,284 (+124.7%), from €13,062 to €29,346
- Other operating charges +€4,937
up €4,937 (+204.8%), from €2,410 to €7,347
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,115,882 | €1,533,423 | +€417,541 | +37.4% |
| Fixed assets | 21/28 | €107,075 | €340,784 | +€233,709 | +218.3% |
| Tangible fixed assets | 22/27 | €104,300 | €321,784 | +€217,484 | +208.5% |
| Land and buildings | 22 | €1,270 | €178,988 | +€177,717 | +13990.0% |
| Plant, machinery and equipment | 23 | €19,514 | €77,480 | +€57,965 | +297.0% |
| Furniture and vehicles | 24 | €83,516 | €65,317 | -€18,199 | -21.8% |
| Financial fixed assets | 28 | €2,775 | €19,000 | +€16,225 | +584.7% |
| Current assets | 29/58 | €1,008,807 | €1,192,639 | +€183,832 | +18.2% |
| Stocks and contracts in progress | 3 | €230,000 | €278,520 | +€48,520 | +21.1% |
| Stocks | 30/36 | €230,000 | €278,520 | +€48,520 | +21.1% |
| Amounts receivable within one year | 40/41 | €587,876 | €836,925 | +€249,050 | +42.4% |
| Trade receivables | 40 | €541,987 | €748,167 | +€206,180 | +38.0% |
| Other amounts receivable | 41 | €45,889 | €88,758 | +€42,869 | +93.4% |
| Cash at bank and in hand | 54/58 | €187,283 | €66,559 | -€120,724 | -64.5% |
| Deferred charges and accrued income | 490/1 | €3,649 | €10,635 | +€6,986 | +191.5% |
| Total equity and liabilities | 10/49 | €1,115,882 | €1,533,423 | +€417,541 | +37.4% |
| Equity | 10/15 | €330,774 | €469,484 | +€138,711 | +41.9% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Contributions outside capital | 11 | €10,000 | €10,000 | = | 0.0% |
| Other | 1109/19 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €56,000 | €56,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,000 | €1,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,000 | €1,000 | = | 0.0% |
| Distributable reserves | 133 | €55,000 | €55,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €264,774 | €403,484 | +€138,711 | +52.4% |
| Amounts payable | 17/49 | €785,109 | €1,063,939 | +€278,830 | +35.5% |
| Amounts payable after more than one year | 17 | €174,377 | €224,237 | +€49,861 | +28.6% |
| Financial debts | 170/4 | €174,377 | €224,237 | +€49,861 | +28.6% |
| Amounts payable within one year | 42/48 | €610,732 | €839,702 | +€228,970 | +37.5% |
| Current portion of amounts payable after more than one year | 42 | €9,462 | €237,806 | +€228,344 | +2413.4% |
| Financial debts | 43 | €29,993 | €25,781 | -€4,211 | -14.0% |
| Credit institutions | 430/8 | €29,993 | €25,781 | -€4,211 | -14.0% |
| Trade debts | 44 | €363,769 | €377,880 | +€14,111 | +3.9% |
| Suppliers | 440/4 | €363,769 | €377,880 | +€14,111 | +3.9% |
| Taxes, remuneration and social security | 45 | €54,637 | €108,963 | +€54,326 | +99.4% |
| Taxes | 450/3 | €41,264 | €55,594 | +€14,330 | +34.7% |
| Remuneration and social security | 454/9 | €13,373 | €53,369 | +€39,997 | +299.1% |
| Other amounts payable | 47/48 | €152,871 | €89,271 | -€63,600 | -41.6% |
| Remuneration, social security and pensions | 62 | €93,123 | €147,404 | +€54,281 | +58.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,062 | €29,346 | +€16,284 | +124.7% |
| Other operating charges | 640/8 | €2,410 | €7,347 | +€4,937 | +204.8% |
| Non-recurring operating charges | 66A | €9,125 | €2,071 | -€7,054 | -77.3% |
| Gross operating margin | 9900 | €302,313 | €421,627 | +€119,314 | +39.5% |
| Operating profit (loss) | 9901 | €184,592 | €235,460 | +€50,868 | +27.6% |
| Financial income | 75/76B | €652 | €284 | -€368 | -56.5% |
| Recurring financial income | 75 | €652 | €284 | -€368 | -56.5% |
| Financial charges | 65/66B | €8,479 | €25,833 | +€17,353 | +204.7% |
| Recurring financial charges | 65 | €8,479 | €25,833 | +€17,353 | +204.7% |
| Profit (loss) for the period before taxes | 9903 | €176,765 | €209,911 | +€33,146 | +18.8% |
| Income taxes | 67/77 | €39,000 | €36,200 | -€2,800 | -7.2% |
| Profit (loss) for the period | 9904 | €137,765 | €173,711 | +€35,946 | +26.1% |
| Profit (loss) for the period to be appropriated | 9905 | €137,765 | €173,711 | +€35,946 | +26.1% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.