SPEQTA: 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.
SPEQTA
Largest movements
- Cash +€16,169
up €16,169 (+77.2%), from €20,932 to €37,101
mainly Net result for the year (+€30,892) and Receivables within one year (+€13,356)
- Receivables within one year -€13,356
down €13,356 (-24.2%), from €55,140 to €41,784
of which Trade receivables: -€13,408
- Tangible fixed assets +€1,641
up €1,641 (+4.9%), from €33,455 to €35,096
of which Furniture and vehicles: +€4,994
- Trade debts +€4,988
up €4,988 (+35.3%), from €14,126 to €19,114
- Tax, wage and social debts +€2,091
up €2,091 (+9.4%), from €22,301 to €24,392
of which Taxes: +€5,125
- Other operating charges -€2,838
down €2,838 (-55.6%), from €5,104 to €2,266
- Financial charges +€1,220
up €1,220 (+42.8%), from €2,851 to €4,071
- Depreciation +€875
up €875 (+18.5%), from €4,725 to €5,601
- Gross operating margin -€643
down €643 (-1.2%), from €52,961 to €52,318
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 | €109,527 | €114,813 | +€5,286 | +4.8% |
| Fixed assets | 21/28 | €33,455 | €35,096 | +€1,641 | +4.9% |
| Tangible fixed assets | 22/27 | €33,455 | €35,096 | +€1,641 | +4.9% |
| Furniture and vehicles | 24 | €5,994 | €10,987 | +€4,994 | +83.3% |
| Other tangible fixed assets | 26 | €27,461 | €24,108 | -€3,353 | -12.2% |
| Current assets | 29/58 | €76,072 | €79,718 | +€3,645 | +4.8% |
| Amounts receivable within one year | 40/41 | €55,140 | €41,784 | -€13,356 | -24.2% |
| Trade receivables | 40 | €55,140 | €41,732 | -€13,408 | -24.3% |
| Other amounts receivable | 41 | - | €52 | +€52 | |
| Cash at bank and in hand | 54/58 | €20,932 | €37,101 | +€16,169 | +77.2% |
| Deferred charges and accrued income | 490/1 | - | €832 | +€832 | |
| Total equity and liabilities | 10/49 | €109,527 | €114,813 | +€5,286 | +4.8% |
| Equity | 10/15 | €44,512 | €44,512 | = | 0.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €24,784 | €24,784 | = | 0.0% |
| Distributable reserves | 133 | €24,784 | €24,784 | = | 0.0% |
| Profit (loss) carried forward | 14 | €14,728 | €14,728 | = | 0.0% |
| Amounts payable | 17/49 | €65,016 | €70,302 | +€5,286 | +8.1% |
| Amounts payable within one year | 42/48 | €64,016 | €70,302 | +€6,286 | +9.8% |
| Trade debts | 44 | €14,126 | €19,114 | +€4,988 | +35.3% |
| Suppliers | 440/4 | €14,126 | €19,114 | +€4,988 | +35.3% |
| Taxes, remuneration and social security | 45 | €22,301 | €24,392 | +€2,091 | +9.4% |
| Taxes | 450/3 | €19,017 | €24,142 | +€5,125 | +26.9% |
| Remuneration and social security | 454/9 | €3,284 | €250 | -€3,034 | -92.4% |
| Other amounts payable | 47/48 | €27,588 | €26,795 | -€793 | -2.9% |
| Accrued charges and deferred income | 492/3 | €1,000 | - | -€1,000 | |
| Non-recurring operating income | 76A | €583 | - | -€583 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,725 | €5,601 | +€875 | +18.5% |
| Other operating charges | 640/8 | €5,104 | €2,266 | -€2,838 | -55.6% |
| Non-recurring operating charges | 66A | €242 | - | -€242 | |
| Gross operating margin | 9900 | €52,961 | €52,318 | -€643 | -1.2% |
| Operating profit (loss) | 9901 | €42,890 | €44,452 | +€1,562 | +3.6% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €2,851 | €4,071 | +€1,220 | +42.8% |
| Recurring financial charges | 65 | €2,851 | €4,071 | +€1,220 | +42.8% |
| Profit (loss) for the period before taxes | 9903 | €40,038 | €40,381 | +€343 | +0.9% |
| Income taxes | 67/77 | €9,444 | €9,489 | +€45 | +0.5% |
| Profit (loss) for the period | 9904 | €30,594 | €30,892 | +€298 | +1.0% |
| Profit (loss) for the period to be appropriated | 9905 | €30,594 | €30,892 | +€298 | +1.0% |
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 6 October 2026 via checked.be.