SPELLBOND: 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.
SPELLBOND
Largest movements
- Receivables within one year -€254,173
down €254,173 (-88.1%), from €288,364 to €34,191
of which Trade receivables: -€232,961
- Stocks and contracts -€183,971
no longer reported in 2025 (was €183,971)
- Cash +€160,266
up €160,266 (+91.1%), from €175,973 to €336,238
mainly Receivables within one year (+€254,173) and Stocks and contracts (+€183,971)
- Receivables after one year +€75,000
new in 2025: €75,000
- Deferred charges and accrued income -€16,000
no longer reported in 2025 (was €16,000)
- Trade debts -€285,074
down €285,074 (-66.4%), from €429,115 to €144,041
- Profit (loss) carried forward +€70,030
up €70,030 (+44.5%), from €157,465 to €227,495
- Gross operating margin -€117,616
down €117,616 (-53.5%), from €219,651 to €102,035
- Taxes -€38,426
down €38,426 (-67.1%), from €57,230 to €18,804
- Financial charges +€6,897
up €6,897 (+640%), from €1,078 to €7,975
of which Financial charges: +€6,959
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.
Derived cash bridge
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 | €674,723 | €454,514 | -€220,209 | -32.6% |
| Fixed assets | 21/28 | €10,416 | €9,085 | -€1,332 | -12.8% |
| Tangible fixed assets | 22/27 | €10,416 | €9,085 | -€1,332 | -12.8% |
| Plant, machinery and equipment | 23 | €2,515 | €3,527 | +€1,012 | +40.2% |
| Furniture and vehicles | 24 | €6,837 | €4,523 | -€2,313 | -33.8% |
| Other tangible fixed assets | 26 | €1,064 | €1,034 | -€31 | -2.9% |
| Current assets | 29/58 | €664,307 | €445,429 | -€218,878 | -32.9% |
| Amounts receivable after more than one year | 29 | - | €75,000 | +€75,000 | |
| Trade receivables | 290 | - | €75,000 | +€75,000 | |
| Stocks and contracts in progress | 3 | €183,971 | - | -€183,971 | |
| Contracts in progress | 37 | €183,971 | - | -€183,971 | |
| Amounts receivable within one year | 40/41 | €288,364 | €34,191 | -€254,173 | -88.1% |
| Trade receivables | 40 | €264,596 | €31,636 | -€232,961 | -88.0% |
| Other amounts receivable | 41 | €23,767 | €2,555 | -€21,212 | -89.2% |
| Cash at bank and in hand | 54/58 | €175,973 | €336,238 | +€160,266 | +91.1% |
| Deferred charges and accrued income | 490/1 | €16,000 | - | -€16,000 | |
| Total equity and liabilities | 10/49 | €674,723 | €454,514 | -€220,209 | -32.6% |
| Equity | 10/15 | €158,465 | €228,495 | +€70,030 | +44.2% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €157,465 | €227,495 | +€70,030 | +44.5% |
| Amounts payable | 17/49 | €516,258 | €226,019 | -€290,239 | -56.2% |
| Amounts payable after more than one year | 17 | €1,772 | - | -€1,772 | |
| Financial debts | 170/4 | €1,772 | - | -€1,772 | |
| Amounts payable within one year | 42/48 | €514,486 | €226,019 | -€288,467 | -56.1% |
| Current portion of amounts payable after more than one year | 42 | €3,246 | €1,638 | -€1,608 | -49.5% |
| Trade debts | 44 | €429,115 | €144,041 | -€285,074 | -66.4% |
| Suppliers | 440/4 | €429,115 | €144,041 | -€285,074 | -66.4% |
| Taxes, remuneration and social security | 45 | €82,125 | €76,824 | -€5,301 | -6.5% |
| Taxes | 450/3 | €82,125 | €76,824 | -€5,301 | -6.5% |
| Other amounts payable | 47/48 | - | €3,515 | +€3,515 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,947 | €4,082 | -€865 | -17.5% |
| Other operating charges | 640/8 | €539 | €1,145 | +€606 | +113% |
| Gross operating margin | 9900 | €219,651 | €102,035 | -€117,616 | -53.5% |
| Operating profit (loss) | 9901 | €214,166 | €96,809 | -€117,357 | -54.8% |
| Financial charges | 65/66B | €1,078 | €7,975 | +€6,897 | +640% |
| Recurring financial charges | 65 | €1,015 | €7,975 | +€6,959 | +685% |
| Non-recurring financial charges | 66B | €62 | - | -€62 | |
| Profit (loss) for the period before taxes | 9903 | €213,088 | €88,834 | -€124,254 | -58.3% |
| Income taxes | 67/77 | €57,230 | €18,804 | -€38,426 | -67.1% |
| Profit (loss) for the period | 9904 | €155,859 | €70,030 | -€85,829 | -55.1% |
| Profit (loss) for the period to be appropriated | 9905 | €155,859 | €70,030 | -€85,829 | -55.1% |
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 16 October 2026 via checked.be.