SPEYEN: 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.
SPEYEN
Largest movements
- Cash +€45,725
up €45,725 (+862%), from €5,303 to €51,028
mainly Net result for the year (+€95,450) and Tax, wage and social debts (+€11,516)
- Deferred charges and accrued income +€43,980
up €43,980 (+4,312%), from €1,020 to €45,000
- Receivables within one year +€5,014
up €5,014 (+21.6%), from €23,203 to €28,217
of which Trade receivables: +€4,832
- Profit (loss) carried forward +€74,503
up €74,503 (+356%), from €20,947 to €95,450
- Reserves +€20,947
new in 2025: €20,947
- Tax, wage and social debts +€11,516
up €11,516 (+402%), from €2,861 to €14,377
- Other debts -€8,656
down €8,656 (-59.2%), from €14,613 to €5,957
- Trade debts -€5,356
down €5,356 (-98.5%), from €5,436 to €79
- Gross operating margin +€101,971
up €101,971 (+335%), from €30,407 to €132,378
- Taxes +€26,775
up €26,775 (+420%), from €6,372 to €33,147
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 | €55,098 | €148,362 | +€93,263 | +169% |
| Fixed assets | 21/28 | €25,572 | €24,116 | -€1,456 | -5.7% |
| Tangible fixed assets | 22/27 | €25,572 | €24,116 | -€1,456 | -5.7% |
| Land and buildings | 22 | €23,289 | €22,328 | -€961 | -4.1% |
| Plant, machinery and equipment | 23 | €2,284 | €1,788 | -€496 | -21.7% |
| Current assets | 29/58 | €29,526 | €124,246 | +€94,720 | +321% |
| Amounts receivable within one year | 40/41 | €23,203 | €28,217 | +€5,014 | +21.6% |
| Trade receivables | 40 | €19,575 | €24,407 | +€4,832 | +24.7% |
| Other amounts receivable | 41 | €3,628 | €3,810 | +€182 | +5.0% |
| Cash at bank and in hand | 54/58 | €5,303 | €51,028 | +€45,725 | +862% |
| Deferred charges and accrued income | 490/1 | €1,020 | €45,000 | +€43,980 | +4,312% |
| Total equity and liabilities | 10/49 | €55,098 | €148,362 | +€93,263 | +169% |
| Equity | 10/15 | €25,947 | €121,397 | +€95,450 | +368% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | - | €20,947 | +€20,947 | |
| Distributable reserves | 133 | - | €20,947 | +€20,947 | |
| Profit (loss) carried forward | 14 | €20,947 | €95,450 | +€74,503 | +356% |
| Amounts payable | 17/49 | €29,151 | €26,965 | -€2,187 | -7.5% |
| Amounts payable after more than one year | 17 | €6,242 | €6,551 | +€309 | +5.0% |
| Other amounts payable | 178/9 | €6,242 | €6,551 | +€309 | +5.0% |
| Amounts payable within one year | 42/48 | €22,910 | €20,414 | -€2,496 | -10.9% |
| Trade debts | 44 | €5,436 | €79 | -€5,356 | -98.5% |
| Suppliers | 440/4 | €5,436 | €79 | -€5,356 | -98.5% |
| Taxes, remuneration and social security | 45 | €2,861 | €14,377 | +€11,516 | +402% |
| Taxes | 450/3 | €2,861 | €14,377 | +€11,516 | +402% |
| Other amounts payable | 47/48 | €14,613 | €5,957 | -€8,656 | -59.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €922 | €1,456 | +€534 | +58.0% |
| Other operating charges | 640/8 | €772 | €708 | -€64 | -8.3% |
| Gross operating margin | 9900 | €30,407 | €132,378 | +€101,971 | +335% |
| Operating profit (loss) | 9901 | €28,713 | €130,213 | +€101,501 | +354% |
| Financial income | 75/76B | €150 | €30 | -€121 | -80.2% |
| Recurring financial income | 75 | €150 | €30 | -€121 | -80.2% |
| Financial charges | 65/66B | €1,544 | €1,646 | +€101 | +6.6% |
| Recurring financial charges | 65 | €1,544 | €1,646 | +€101 | +6.6% |
| Profit (loss) for the period before taxes | 9903 | €27,319 | €128,598 | +€101,279 | +371% |
| Income taxes | 67/77 | €6,372 | €33,147 | +€26,775 | +420% |
| Profit (loss) for the period | 9904 | €20,947 | €95,450 | +€74,503 | +356% |
| Profit (loss) for the period to be appropriated | 9905 | €20,947 | €95,450 | +€74,503 | +356% |
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 15 October 2026 via checked.be.