SPELLEM: 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.
SPELLEM
Largest movements
- Tangible fixed assets +€387,226
up €387,226 (+135.5%), from €285,681 to €672,907
of which Land and buildings: +€365,347
- Current investments -€273,965
down €273,965 (-98.2%), from €278,965 to €5,000
- Cash -€8,123
down €8,123 (-86.8%), from €9,359 to €1,236
mainly Investment in fixed assets (net) (-€438,572)
- Other debts +€88,261
up €88,261 (+36.6%), from €241,224 to €329,485
- Profit (loss) carried forward +€15,950
up €15,950 (+11.0%), from €144,861 to €160,811
- Depreciation +€15,395
up €15,395 (+42.8%), from €35,951 to €51,346
- Other operating charges +€6,640
up €6,640 (+196.7%), from €3,375 to €10,015
- Gross operating margin +€4,871
up €4,871 (+5.5%), from €87,978 to €92,849
- Taxes -€3,580
down €3,580 (-32.2%), from €11,132 to €7,552
- Financial charges +€1,986
up €1,986 (+20.5%), from €9,698 to €11,684
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 | €574,005 | €679,143 | +€105,138 | +18.3% |
| Fixed assets | 21/28 | €285,681 | €672,907 | +€387,226 | +135.5% |
| Tangible fixed assets | 22/27 | €285,681 | €672,907 | +€387,226 | +135.5% |
| Land and buildings | 22 | €221,875 | €587,222 | +€365,347 | +164.7% |
| Plant, machinery and equipment | 23 | €1,433 | €1,093 | -€340 | -23.7% |
| Furniture and vehicles | 24 | €17,116 | €30,644 | +€13,528 | +79.0% |
| Other tangible fixed assets | 26 | €45,257 | €53,948 | +€8,691 | +19.2% |
| Current assets | 29/58 | €288,324 | €6,236 | -€282,088 | -97.8% |
| Current investments | 50/53 | €278,965 | €5,000 | -€273,965 | -98.2% |
| Cash at bank and in hand | 54/58 | €9,359 | €1,236 | -€8,123 | -86.8% |
| Total equity and liabilities | 10/49 | €574,005 | €679,143 | +€105,138 | +18.3% |
| Equity | 10/15 | €331,861 | €347,811 | +€15,950 | +4.8% |
| Contributions | 10/11 | €170,000 | €170,000 | = | 0.0% |
| Reserves | 13 | €17,000 | €17,000 | = | 0.0% |
| Distributable reserves | 133 | €17,000 | €17,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €144,861 | €160,811 | +€15,950 | +11.0% |
| Amounts payable | 17/49 | €242,144 | €331,332 | +€89,188 | +36.8% |
| Amounts payable within one year | 42/48 | €242,144 | €331,332 | +€89,188 | +36.8% |
| Taxes, remuneration and social security | 45 | €920 | €1,847 | +€927 | +100.8% |
| Taxes | 450/3 | €920 | €1,847 | +€927 | +100.8% |
| Other amounts payable | 47/48 | €241,224 | €329,485 | +€88,261 | +36.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,951 | €51,346 | +€15,395 | +42.8% |
| Other operating charges | 640/8 | €3,375 | €10,015 | +€6,640 | +196.7% |
| Gross operating margin | 9900 | €87,978 | €92,849 | +€4,871 | +5.5% |
| Operating profit (loss) | 9901 | €48,652 | €31,488 | -€17,164 | -35.3% |
| Financial income | 75/76B | €4,910 | €3,698 | -€1,212 | -24.7% |
| Recurring financial income | 75 | €4,910 | €3,698 | -€1,212 | -24.7% |
| Financial charges | 65/66B | €9,698 | €11,684 | +€1,986 | +20.5% |
| Recurring financial charges | 65 | €9,698 | €11,684 | +€1,986 | +20.5% |
| Profit (loss) for the period before taxes | 9903 | €43,864 | €23,502 | -€20,362 | -46.4% |
| Income taxes | 67/77 | €11,132 | €7,552 | -€3,580 | -32.2% |
| Profit (loss) for the period | 9904 | €32,732 | €15,950 | -€16,782 | -51.3% |
| Profit (loss) for the period to be appropriated | 9905 | €32,732 | €15,950 | -€16,782 | -51.3% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.