SPENDEHOEVE: 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.
SPENDEHOEVE
Largest movements
- Current investments +€1.9m
up €1.9m (+88.5%), from €2.2m to €4.1m
- Cash +€872,397
up €872,397 (+96.4%), from €905,444 to €1.8m
mainly Net result for the year (+€2.9m) and Depreciation (+€245,807)
- Financial fixed assets +€400,000
new in 2025: €400,000
- Tangible fixed assets -€274,639
down €274,639 (-19.6%), from €1.4m to €1.1m
of which Plant, machinery and equipment: -€366,193
- Deferred charges and accrued income +€202,932
up €202,932 (+1,746%), from €11,626 to €214,558
- Reserves +€3.1m
up €3.1m (+74.4%), from €4.2m to €7.4m
of which Distributable reserves: +€2.3m
- Profit (loss) carried forward -€251,161
down €251,161 (-100%), from €251,161 to €0
- Other debts +€204,999
up €204,999, from €0 to €204,999
- Tax, wage and social debts +€180,958
up €180,958 (+209%), from €86,376 to €267,334
of which Taxes: +€144,649
- Debts after one year -€99,695
down €99,695 (-58.9%), from €169,231 to €69,537
- Gross operating margin +€1.4m
up €1.4m (+57.3%), from €2.4m to €3.8m
- Financial income +€755,098
up €755,098 (+22,338%), from €3,380 to €758,479
of which Non-recurring financial income: +€652,641
- Taxes +€622,145
up €622,145 (+101%), from €614,322 to €1.2m
- Depreciation -€52,408
down €52,408 (-17.6%), from €298,216 to €245,807
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 | €5,159,902 | €8,368,719 | +€3.2m | +62.2% |
| Fixed assets | 21/28 | €1,403,425 | €1,553,760 | +€150,335 | +10.7% |
| Intangible fixed assets | 21 | - | €24,974 | +€24,974 | |
| Tangible fixed assets | 22/27 | €1,403,425 | €1,128,786 | -€274,639 | -19.6% |
| Land and buildings | 22 | €700,938 | €770,771 | +€69,833 | +10.0% |
| Plant, machinery and equipment | 23 | €625,529 | €259,337 | -€366,193 | -58.5% |
| Furniture and vehicles | 24 | €76,958 | €98,679 | +€21,721 | +28.2% |
| Financial fixed assets | 28 | - | €400,000 | +€400,000 | |
| Current assets | 29/58 | €3,756,477 | €6,814,959 | +€3.1m | +81.4% |
| Stocks and contracts in progress | 3 | €509,927 | €509,000 | -€927 | -0.2% |
| Stocks | 30/36 | €509,927 | €509,000 | -€927 | -0.2% |
| Amounts receivable within one year | 40/41 | €129,481 | €165,496 | +€36,016 | +27.8% |
| Trade receivables | 40 | €46,534 | €165,496 | +€118,963 | +256% |
| Other amounts receivable | 41 | €82,947 | €0 | -€82,947 | -100% |
| Current investments | 50/53 | €2,200,000 | €4,148,064 | +€1.9m | +88.5% |
| Cash at bank and in hand | 54/58 | €905,444 | €1,777,841 | +€872,397 | +96.4% |
| Deferred charges and accrued income | 490/1 | €11,626 | €214,558 | +€202,932 | +1,746% |
| Total equity and liabilities | 10/49 | €5,159,902 | €8,368,719 | +€3.2m | +62.2% |
| Equity | 10/15 | €4,836,927 | €7,733,581 | +€2.9m | +59.9% |
| Contributions | 10/11 | €353,200 | €353,200 | = | 0.0% |
| Reserves | 13 | €4,232,566 | €7,380,381 | +€3.1m | +74.4% |
| Tax-exempt reserves | 132 | - | €842,000 | +€842,000 | |
| Distributable reserves | 133 | €4,232,566 | €6,538,381 | +€2.3m | +54.5% |
| Profit (loss) carried forward | 14 | €251,161 | €0 | -€251,161 | -100% |
| Amounts payable | 17/49 | €322,975 | €635,137 | +€312,162 | +96.7% |
| Amounts payable after more than one year | 17 | €169,231 | €69,537 | -€99,695 | -58.9% |
| Financial debts | 170/4 | €169,231 | €69,537 | -€99,695 | -58.9% |
| Amounts payable within one year | 42/48 | €153,744 | €565,601 | +€411,857 | +268% |
| Current portion of amounts payable after more than one year | 42 | €33,028 | €16,362 | -€16,667 | -50.5% |
| Trade debts | 44 | €34,339 | €76,906 | +€42,567 | +124% |
| Suppliers | 440/4 | €34,339 | €76,906 | +€42,567 | +124% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €86,376 | €267,334 | +€180,958 | +209% |
| Taxes | 450/3 | €73,218 | €217,866 | +€144,649 | +198% |
| Remuneration and social security | 454/9 | €13,159 | €49,468 | +€36,309 | +276% |
| Other amounts payable | 47/48 | €0 | €204,999 | +€204,999 | |
| Remuneration, social security and pensions | 62 | €131,789 | €100,033 | -€31,756 | -24.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €298,216 | €245,807 | -€52,408 | -17.6% |
| Other operating charges | 640/8 | €36,971 | €24,576 | -€12,395 | -33.5% |
| Non-recurring operating charges | 66A | - | €5,120 | +€5,120 | |
| Gross operating margin | 9900 | €2,410,799 | €3,791,626 | +€1.4m | +57.3% |
| Operating profit (loss) | 9901 | €1,943,824 | €3,416,090 | +€1.5m | +75.7% |
| Financial income | 75/76B | €3,380 | €758,479 | +€755,098 | +22,338% |
| Recurring financial income | 75 | €3,380 | €105,838 | +€102,457 | +3,031% |
| Non-recurring financial income | 76B | €0 | €652,641 | +€652,641 | |
| Financial charges | 65/66B | €7,020 | €3,712 | -€3,308 | -47.1% |
| Recurring financial charges | 65 | €7,020 | €3,712 | -€3,308 | -47.1% |
| Profit (loss) for the period before taxes | 9903 | €1,940,184 | €4,170,857 | +€2.2m | +115% |
| Income taxes | 67/77 | €614,322 | €1,236,467 | +€622,145 | +101% |
| Profit (loss) for the period | 9904 | €1,325,862 | €2,934,390 | +€1.6m | +121% |
| Transfer to tax-exempt reserves | 689 | - | €842,000 | +€842,000 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,325,862 | €2,092,390 | +€766,528 | +57.8% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.