Spes: 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.
What changed
Spes
NACE 85.326, Education
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€76,677
2024 · €80,175-€3,498
Equity
€2.0m
2024 · €2.0m+€14,301
Cash
€287,566
2024 · €289,693-€2,127
Balance sheet total
€4.8m
2024 · €4.9m-€115,823
Largest movements
Assets
- Tangible fixed assets -€172,319
down €172,319 (-4.0%), from €4.3m to €4.1m
of which Land and buildings: -€130,559
- Receivables within one year +€55,127
up €55,127 (+16.9%), from €325,507 to €380,634
of which Trade receivables: +€33,745
Equity and liabilities
- Debts after one year -€128,442
down €128,442 (-4.7%), from €2.7m to €2.6m
of which Financial debts: -€116,957
- Profit (loss) carried forward +€76,677
up €76,677 (+7.9%), from €975,951 to €1.1m
- Investment grants -€62,376
down €62,376 (-6.3%), from €989,049 to €926,673
Income statement
- Staff costs +€83,584
up €83,584 (+1.3%), from €6.4m to €6.4m
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.
Result 2024
€80,175
Staff costs
-€83,584
Depreciation
+€10,668
Other operating charges
-€3,779
Other operating items
+€76,680
Financial income
+€456
Financial charges
-€3,938
Result 2025
€76,677
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.
From operations
+€189,357
Investment
-€667
Financing
-€190,818
Cash 2024
€289,693
From operations (derived)
+€189,357
Net result for the year
+€76,677
Depreciation
+€172,986
Receivables within one year
-€55,127
Deferred charges and accrued income
-€3,497
Debts within one year
-€1,695
Accrued charges and deferred income
+€13
Investment (derived)
-€667
Investment in fixed assets (net)
-€667
Financing
-€190,818
Debts after one year
-€128,442
Contributions, distributions and other
-€62,376
Cash 2025
€287,566
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,945,445 | €4,829,623 | -€115,823 | -2.3% |
| Fixed assets | 21/28 | €4,311,820 | €4,139,501 | -€172,319 | -4.0% |
| Tangible fixed assets | 22/27 | €4,311,820 | €4,139,501 | -€172,319 | -4.0% |
| Land and buildings | 22 | €4,145,759 | €4,015,200 | -€130,559 | -3.1% |
| Plant, machinery and equipment | 23 | €154,289 | €116,533 | -€37,756 | -24.5% |
| Furniture and vehicles | 24 | €11,772 | €7,768 | -€4,004 | -34.0% |
| Current assets | 29/58 | €633,626 | €690,122 | +€56,496 | +8.9% |
| Amounts receivable within one year | 40/41 | €325,507 | €380,634 | +€55,127 | +16.9% |
| Trade receivables | 40 | €142,610 | €176,355 | +€33,745 | +23.7% |
| Other amounts receivable | 41 | €182,897 | €204,280 | +€21,382 | +11.7% |
| Cash at bank and in hand | 54/58 | €289,693 | €287,566 | -€2,127 | -0.7% |
| Deferred charges and accrued income | 490/1 | €18,426 | €21,922 | +€3,497 | +19.0% |
| Total equity and liabilities | 10/49 | €4,945,445 | €4,829,623 | -€115,823 | -2.3% |
| Equity | 10/15 | €1,975,819 | €1,990,120 | +€14,301 | +0.7% |
| Contributions | 10/11 | €10,819 | €10,819 | = | 0.0% |
| Capital | 10 | €10,819 | €10,819 | = | 0.0% |
| Profit (loss) carried forward | 14 | €975,951 | €1,052,628 | +€76,677 | +7.9% |
| Investment grants | 15 | €989,049 | €926,673 | -€62,376 | -6.3% |
| Amounts payable | 17/49 | €2,969,627 | €2,839,503 | -€130,124 | -4.4% |
| Amounts payable after more than one year | 17 | €2,727,269 | €2,598,827 | -€128,442 | -4.7% |
| Financial debts | 170/4 | €2,050,645 | €1,933,689 | -€116,957 | -5.7% |
| Credit institutions | 173 | €2,050,645 | €1,933,689 | -€116,957 | -5.7% |
| Other amounts payable | 178/9 | €676,624 | €665,139 | -€11,485 | -1.7% |
| Amounts payable within one year | 42/48 | €236,679 | €234,983 | -€1,695 | -0.7% |
| Current portion of amounts payable after more than one year | 42 | €154,624 | €137,908 | -€16,716 | -10.8% |
| Trade debts | 44 | €49,737 | €59,873 | +€10,135 | +20.4% |
| Suppliers | 440/4 | €49,737 | €59,873 | +€10,135 | +20.4% |
| Taxes, remuneration and social security | 45 | €24,317 | €29,202 | +€4,885 | +20.1% |
| Taxes | 450/3 | €2,244 | €1,576 | -€669 | -29.8% |
| Remuneration and social security | 454/9 | €22,073 | €27,627 | +€5,554 | +25.2% |
| Accrued charges and deferred income | 492/3 | €5,679 | €5,692 | +€13 | +0.2% |
| Operating income | 70/76A | €6,944,698 | €7,014,668 | +€69,970 | +1.0% |
| Membership fees, donations, legacies and grants | 73 | €6,917,869 | €6,992,932 | +€75,063 | +1.1% |
| Other operating income | 74 | €26,829 | €21,736 | -€5,093 | -19.0% |
| Operating charges | 60/66A | €6,844,217 | €6,914,203 | +€69,985 | +1.0% |
| Services and other goods | 61 | €289,720 | €286,929 | -€2,791 | -1.0% |
| Remuneration, social security and pensions | 62 | €6,365,790 | €6,449,374 | +€83,584 | +1.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €183,653 | €172,986 | -€10,668 | -5.8% |
| Other operating charges | 640/8 | €1,135 | €4,913 | +€3,779 | +333.1% |
| Non-recurring operating charges | 66A | €3,919 | - | -€3,919 | |
| Operating profit (loss) | 9901 | €100,480 | €100,465 | -€15 | 0.0% |
| Financial income | 75/76B | €985 | €1,440 | +€456 | +46.2% |
| Recurring financial income | 75 | €985 | €1,440 | +€456 | +46.2% |
| Other financial income | 752/9 | €985 | €1,440 | +€456 | +46.2% |
| Financial charges | 65/66B | €21,290 | €25,228 | +€3,938 | +18.5% |
| Recurring financial charges | 65 | €21,290 | €25,228 | +€3,938 | +18.5% |
| Debt charges | 650 | €21,060 | €24,978 | +€3,918 | +18.6% |
| Other financial charges | 652/9 | €230 | €250 | +€20 | +8.9% |
| Profit (loss) for the period before taxes | 9903 | €80,175 | €76,677 | -€3,498 | -4.4% |
| Profit (loss) for the period | 9904 | €80,175 | €76,677 | -€3,498 | -4.4% |
| Profit (loss) for the period to be appropriated | 9905 | €80,175 | €76,677 | -€3,498 | -4.4% |
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 12 October 2026 via checked.be.