SPEI: 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.
SPEI
Largest movements
- Cash -€924
down €924 (-69.8%), from €1,324 to €400
mainly Net result for the year (-€787) and Receivables within one year (-€396)
- Receivables within one year +€396
up €396 (+11.9%), from €3,329 to €3,725
of which Other amounts receivable: +€396
- Tangible fixed assets -€273
down €273 (-33.4%), from €818 to €545
- Profit (loss) carried forward -€787
down €787 (-5.9%), from -€13,257 to -€14,044
- Turnover -€1,530
down €1,530 (-53.7%), from €2,850 to €1,320
- Purchases and services -€791
down €791 (-30.1%), from €2,625 to €1,834
- Gross operating margin -€739
down €739, from €225 to -€514
- Financial charges -€38
no longer reported in 2025 (was €38)
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 | €5,471 | €4,670 | -€801 | -14.6% |
| Fixed assets | 21/28 | €818 | €545 | -€273 | -33.4% |
| Tangible fixed assets | 22/27 | €818 | €545 | -€273 | -33.4% |
| Furniture and vehicles | 24 | €818 | €545 | -€273 | -33.4% |
| Current assets | 29/58 | €4,653 | €4,125 | -€528 | -11.3% |
| Amounts receivable within one year | 40/41 | €3,329 | €3,725 | +€396 | +11.9% |
| Trade receivables | 40 | €690 | €690 | = | 0.0% |
| Other amounts receivable | 41 | €2,639 | €3,035 | +€396 | +15.0% |
| Cash at bank and in hand | 54/58 | €1,324 | €400 | -€924 | -69.8% |
| Total equity and liabilities | 10/49 | €5,471 | €4,670 | -€801 | -14.6% |
| Equity | 10/15 | €5,343 | €4,556 | -€787 | -14.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€13,257 | -€14,044 | -€787 | -5.9% |
| Amounts payable | 17/49 | €128 | €114 | -€14 | -10.9% |
| Amounts payable within one year | 42/48 | €128 | €114 | -€14 | -10.9% |
| Trade debts | 44 | €128 | €114 | -€14 | -10.9% |
| Suppliers | 440/4 | €128 | €114 | -€14 | -10.9% |
| Turnover | 70 | €2,850 | €1,320 | -€1,530 | -53.7% |
| Goods, raw materials, services and sundry goods | 60/61 | €2,625 | €1,834 | -€791 | -30.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €273 | €273 | = | 0.0% |
| Gross operating margin | 9900 | €225 | -€514 | -€739 | |
| Operating profit (loss) | 9901 | -€48 | -€787 | -€739 | -1539.6% |
| Financial charges | 65/66B | €38 | - | -€38 | |
| Recurring financial charges | 65 | €38 | - | -€38 | |
| Profit (loss) for the period before taxes | 9903 | -€86 | -€787 | -€701 | -815.1% |
| Profit (loss) for the period | 9904 | -€86 | -€787 | -€701 | -815.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€86 | -€787 | -€701 | -815.1% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.