SPEYBROECK BART: 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.
SPEYBROECK BART
Largest movements
- Receivables within one year -€22,092
down €22,092 (-29.2%), from €75,693 to €53,601
of which Trade receivables: -€22,260
- Tangible fixed assets -€20,016
down €20,016 (-3.4%), from €596,031 to €576,015
of which Plant, machinery and equipment: -€16,470
- Stocks and contracts +€17,274
up €17,274 (+282%), from €6,135 to €23,410
of which Contracts in progress: +€18,980
- Cash -€14,665
down €14,665 (-14.1%), from €103,868 to €89,203
mainly Investment in fixed assets (net) (-€40,149) and Trade debts (-€22,521)
- Reserves +€30,314
up €30,314 (+6.4%), from €475,535 to €505,849
- Trade debts -€22,521
down €22,521 (-81.1%), from €27,755 to €5,234
- Current portion of long-term debt -€19,650
down €19,650 (-75.0%), from €26,200 to €6,550
- Tax, wage and social debts -€17,270
down €17,270 (-66.8%), from €25,864 to €8,594
of which Taxes: -€20,552
- Staff costs -€34,002
down €34,002 (-52.0%), from €65,450 to €31,448
- Depreciation -€13,318
down €13,318 (-18.1%), from €73,483 to €60,165
- Taxes +€5,357
up €5,357 (+2,997%), from €179 to €5,536
- Financial charges -€1,592
down €1,592 (-19.6%), from €8,126 to €6,534
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €791,981 | €753,020 | -€38,960 | -4.9% |
| Fixed assets | 21/28 | €596,191 | €576,175 | -€20,016 | -3.4% |
| Tangible fixed assets | 22/27 | €596,031 | €576,015 | -€20,016 | -3.4% |
| Land and buildings | 22 | €513,188 | €525,590 | +€12,402 | +2.4% |
| Plant, machinery and equipment | 23 | €49,142 | €32,672 | -€16,470 | -33.5% |
| Furniture and vehicles | 24 | €33,701 | €17,754 | -€15,947 | -47.3% |
| Financial fixed assets | 28 | €160 | €160 | = | 0.0% |
| Current assets | 29/58 | €195,790 | €176,845 | -€18,945 | -9.7% |
| Stocks and contracts in progress | 3 | €6,135 | €23,410 | +€17,274 | +282% |
| Stocks | 30/36 | €6,135 | €4,430 | -€1,706 | -27.8% |
| Contracts in progress | 37 | - | €18,980 | +€18,980 | |
| Amounts receivable within one year | 40/41 | €75,693 | €53,601 | -€22,092 | -29.2% |
| Trade receivables | 40 | €70,725 | €48,465 | -€22,260 | -31.5% |
| Other amounts receivable | 41 | €4,968 | €5,136 | +€168 | +3.4% |
| Cash at bank and in hand | 54/58 | €103,868 | €89,203 | -€14,665 | -14.1% |
| Deferred charges and accrued income | 490/1 | €10,093 | €10,631 | +€538 | +5.3% |
| Total equity and liabilities | 10/49 | €791,981 | €753,020 | -€38,960 | -4.9% |
| Equity | 10/15 | €594,467 | €624,599 | +€30,133 | +5.1% |
| Contributions | 10/11 | €118,750 | €118,750 | = | 0.0% |
| Reserves | 13 | €475,535 | €505,849 | +€30,314 | +6.4% |
| Distributable reserves | 133 | €475,535 | €505,849 | +€30,314 | +6.4% |
| Profit (loss) carried forward | 14 | €182 | €0 | -€182 | -100% |
| Amounts payable | 17/49 | €197,514 | €128,421 | -€69,093 | -35.0% |
| Amounts payable after more than one year | 17 | €66,274 | €59,000 | -€7,274 | -11.0% |
| Financial debts | 170/4 | €66,274 | €59,000 | -€7,274 | -11.0% |
| Amounts payable within one year | 42/48 | €122,417 | €61,187 | -€61,230 | -50.0% |
| Current portion of amounts payable after more than one year | 42 | €26,200 | €6,550 | -€19,650 | -75.0% |
| Trade debts | 44 | €27,755 | €5,234 | -€22,521 | -81.1% |
| Suppliers | 440/4 | €27,755 | €5,234 | -€22,521 | -81.1% |
| Taxes, remuneration and social security | 45 | €25,864 | €8,594 | -€17,270 | -66.8% |
| Taxes | 450/3 | €21,909 | €1,357 | -€20,552 | -93.8% |
| Remuneration and social security | 454/9 | €3,955 | €7,237 | +€3,282 | +83.0% |
| Other amounts payable | 47/48 | €42,598 | €40,809 | -€1,789 | -4.2% |
| Accrued charges and deferred income | 492/3 | €8,822 | €8,234 | -€588 | -6.7% |
| Remuneration, social security and pensions | 62 | €65,450 | €31,448 | -€34,002 | -52.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €73,483 | €60,165 | -€13,318 | -18.1% |
| Other operating charges | 640/8 | €2,942 | €2,834 | -€108 | -3.7% |
| Gross operating margin | 9900 | €137,277 | €135,995 | -€1,281 | -0.9% |
| Operating profit (loss) | 9901 | -€4,598 | €41,549 | +€46,147 | |
| Financial income | 75/76B | €995 | €654 | -€341 | -34.3% |
| Recurring financial income | 75 | €995 | €654 | -€341 | -34.3% |
| Financial charges | 65/66B | €8,126 | €6,534 | -€1,592 | -19.6% |
| Recurring financial charges | 65 | €8,126 | €6,534 | -€1,592 | -19.6% |
| Profit (loss) for the period before taxes | 9903 | -€11,729 | €35,668 | +€47,397 | |
| Income taxes | 67/77 | €179 | €5,536 | +€5,357 | +2,997% |
| Profit (loss) for the period | 9904 | -€11,908 | €30,133 | +€42,040 | |
| Profit (loss) for the period to be appropriated | 9905 | -€11,908 | €30,133 | +€42,040 |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.