Spéradès: 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.
Spéradès
Largest movements
- Cash -€102,004
down €102,004 (-32.1%), from €317,844 to €215,840
mainly Contributions, distributions and other (-€150,000) and Debts after one year (-€12,450)
- Tangible fixed assets -€11,151
down €11,151 (-30.2%), from €36,979 to €25,827
of which Land and buildings: -€9,746
- Receivables within one year -€10,253
down €10,253 (-69.1%), from €14,836 to €4,583
of which Other amounts receivable: -€10,253
- Profit (loss) carried forward -€150,000
down €150,000 (-79.0%), from €189,796 to €39,796
- Reserves +€38,106
up €38,106 (+38.6%), from €98,801 to €136,907
of which Distributable reserves: +€38,106
- Debts after one year -€12,450
down €12,450 (-23.2%), from €53,707 to €41,257
- Gross operating margin -€5,688
down €5,688 (-7.5%), from €76,336 to €70,649
- Depreciation -€916
down €916 (-7.6%), from €12,067 to €11,151
- Taxes -€830
down €830 (-5.1%), from €16,352 to €15,522
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 | €371,579 | €248,207 | -€123,372 | -33.2% |
| Fixed assets | 21/28 | €38,554 | €27,402 | -€11,151 | -28.9% |
| Tangible fixed assets | 22/27 | €36,979 | €25,827 | -€11,151 | -30.2% |
| Land and buildings | 22 | €34,923 | €25,177 | -€9,746 | -27.9% |
| Furniture and vehicles | 24 | €2,055 | €650 | -€1,405 | -68.4% |
| Financial fixed assets | 28 | €1,575 | €1,575 | = | 0.0% |
| Current assets | 29/58 | €333,026 | €220,805 | -€112,220 | -33.7% |
| Amounts receivable within one year | 40/41 | €14,836 | €4,583 | -€10,253 | -69.1% |
| Trade receivables | 40 | €670 | €670 | = | 0.0% |
| Other amounts receivable | 41 | €14,166 | €3,914 | -€10,253 | -72.4% |
| Cash at bank and in hand | 54/58 | €317,844 | €215,840 | -€102,004 | -32.1% |
| Deferred charges and accrued income | 490/1 | €345 | €382 | +€37 | +10.7% |
| Total equity and liabilities | 10/49 | €371,579 | €248,207 | -€123,372 | -33.2% |
| Equity | 10/15 | €300,997 | €189,103 | -€111,894 | -37.2% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €98,801 | €136,907 | +€38,106 | +38.6% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €96,941 | €135,047 | +€38,106 | +39.3% |
| Profit (loss) carried forward | 14 | €189,796 | €39,796 | -€150,000 | -79.0% |
| Amounts payable | 17/49 | €70,582 | €59,104 | -€11,478 | -16.3% |
| Amounts payable after more than one year | 17 | €53,707 | €41,257 | -€12,450 | -23.2% |
| Financial debts | 170/4 | €53,707 | €41,257 | -€12,450 | -23.2% |
| Amounts payable within one year | 42/48 | €16,875 | €17,847 | +€972 | +5.8% |
| Current portion of amounts payable after more than one year | 42 | €11,850 | €12,450 | +€600 | +5.1% |
| Trade debts | 44 | €931 | €836 | -€95 | -10.2% |
| Suppliers | 440/4 | €931 | €836 | -€95 | -10.2% |
| Taxes, remuneration and social security | 45 | €4,094 | €3,811 | -€283 | -6.9% |
| Taxes | 450/3 | €4,094 | €3,811 | -€283 | -6.9% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €0 | €751 | +€751 | |
| Remuneration, social security and pensions | 62 | €830 | €405 | -€425 | -51.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,067 | €11,151 | -€916 | -7.6% |
| Other operating charges | 640/8 | €2,395 | €2,474 | +€79 | +3.3% |
| Gross operating margin | 9900 | €76,336 | €70,649 | -€5,688 | -7.5% |
| Operating profit (loss) | 9901 | €61,044 | €56,619 | -€4,426 | -7.2% |
| Financial income | 75/76B | €643 | €650 | +€7 | +1.2% |
| Recurring financial income | 75 | €643 | €650 | +€7 | +1.2% |
| Financial charges | 65/66B | €4,394 | €3,640 | -€754 | -17.2% |
| Recurring financial charges | 65 | €4,394 | €3,640 | -€754 | -17.2% |
| Profit (loss) for the period before taxes | 9903 | €57,292 | €53,628 | -€3,664 | -6.4% |
| Income taxes | 67/77 | €16,352 | €15,522 | -€830 | -5.1% |
| Profit (loss) for the period | 9904 | €40,941 | €38,106 | -€2,835 | -6.9% |
| Profit (loss) for the period to be appropriated | 9905 | €40,941 | €38,106 | -€2,835 | -6.9% |
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 29 September 2026 via checked.be.