SPELLA: 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.
SPELLA
Largest movements
- Receivables within one year +€17,503
up €17,503 (+92.3%), from €18,956 to €36,459
of which Trade receivables: +€17,500
- Cash +€6,924
up €6,924 (+13.8%), from €50,135 to €57,059
mainly Net result for the year (+€21,800) and Other debts (+€2,298)
- Profit (loss) carried forward +€21,800
up €21,800 (+0.7%), from -€3.0m to -€3.0m
- Other debts +€2,298
up €2,298 (+0.4%), from €517,801 to €520,099
- Gross operating margin -€10,087
down €10,087 (-29.0%), from €34,772 to €24,685
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 | €69,090 | €93,517 | +€24,427 | +35.4% |
| Current assets | 29/58 | €69,090 | €93,517 | +€24,427 | +35.4% |
| Amounts receivable within one year | 40/41 | €18,956 | €36,459 | +€17,503 | +92.3% |
| Trade receivables | 40 | €18,500 | €36,000 | +€17,500 | +94.6% |
| Other amounts receivable | 41 | €456 | €459 | +€3 | +0.6% |
| Cash at bank and in hand | 54/58 | €50,135 | €57,059 | +€6,924 | +13.8% |
| Total equity and liabilities | 10/49 | €69,090 | €93,517 | +€24,427 | +35.4% |
| Equity | 10/15 | -€456,498 | -€434,698 | +€21,800 | +4.8% |
| Contributions | 10/11 | €2,550,000 | €2,550,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,006,498 | -€2,984,698 | +€21,800 | +0.7% |
| Amounts payable | 17/49 | €525,588 | €528,216 | +€2,627 | +0.5% |
| Amounts payable within one year | 42/48 | €525,588 | €528,216 | +€2,627 | +0.5% |
| Trade debts | 44 | €7,787 | €8,116 | +€329 | +4.2% |
| Suppliers | 440/4 | €7,787 | €8,116 | +€329 | +4.2% |
| Other amounts payable | 47/48 | €517,801 | €520,099 | +€2,298 | +0.4% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €34,772 | €24,685 | -€10,087 | -29.0% |
| Operating profit (loss) | 9901 | €34,385 | €24,286 | -€10,099 | -29.4% |
| Financial charges | 65/66B | €2,753 | €2,486 | -€267 | -9.7% |
| Recurring financial charges | 65 | €2,753 | €2,486 | -€267 | -9.7% |
| Profit (loss) for the period before taxes | 9903 | €31,632 | €21,800 | -€9,832 | -31.1% |
| Profit (loss) for the period | 9904 | €31,632 | €21,800 | -€9,832 | -31.1% |
| Profit (loss) for the period to be appropriated | 9905 | €31,632 | €21,800 | -€9,832 | -31.1% |
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 4 October 2026 via checked.be.