SPIBA: what changed
SPIBA
Largest movements
- Receivables within one year +€135,281
up €135,281 (+70,174%), from €193 to €135,473
of which Trade receivables: +€74,827
- Cash -€79,654
down €79,654 (-80.7%), from €98,729 to €19,075
mainly Other debts (-€480,621) and Receivables within one year (-€135,281)
- Current investments +€45,010
up €45,010 (+1.4%), from €3.3m to €3.3m
- Reserves +€572,080
up €572,080 (+15.5%), from €3.7m to €4.3m
of which Distributable reserves: +€361,580
- Other debts -€480,621
down €480,621 (-98.7%), from €486,711 to €6,090
- Financial income +€74,602
up €74,602 (+144%), from €51,848 to €126,450
- Gross operating margin +€72,590
up €72,590 (+12.2%), from €595,044 to €667,634
- Taxes +€17,437
up €17,437 (+8.7%), from €201,517 to €218,954
- Financial charges -€8,302
down €8,302 (-87.8%), from €9,451 to €1,149
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,201,896 | €4,288,226 | +€86,329 | +2.1% |
| Fixed assets | 21/28 | €615,836 | €615,315 | -€521 | -0.1% |
| Tangible fixed assets | 22/27 | €1,679 | €1,158 | -€521 | -31.0% |
| Plant, machinery and equipment | 23 | €1,679 | €1,158 | -€521 | -31.0% |
| Financial fixed assets | 28 | €614,157 | €614,157 | = | 0.0% |
| Current assets | 29/58 | €3,586,061 | €3,672,910 | +€86,850 | +2.4% |
| Amounts receivable within one year | 40/41 | €193 | €135,473 | +€135,281 | +70,174% |
| Trade receivables | 40 | €193 | €75,020 | +€74,827 | +38,815% |
| Other amounts receivable | 41 | - | €60,453 | +€60,453 | |
| Current investments | 50/53 | €3,260,704 | €3,305,714 | +€45,010 | +1.4% |
| Cash at bank and in hand | 54/58 | €98,729 | €19,075 | -€79,654 | -80.7% |
| Deferred charges and accrued income | 490/1 | €226,435 | €212,648 | -€13,787 | -6.1% |
| Total equity and liabilities | 10/49 | €4,201,896 | €4,288,226 | +€86,329 | +2.1% |
| Equity | 10/15 | €3,705,557 | €4,277,635 | +€572,078 | +15.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €3,686,951 | €4,259,031 | +€572,080 | +15.5% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €134,720 | €345,220 | +€210,500 | +156% |
| Distributable reserves | 133 | €3,550,371 | €3,911,951 | +€361,580 | +10.2% |
| Profit (loss) carried forward | 14 | €6 | €3 | -€2 | -42.7% |
| Amounts payable | 17/49 | €496,340 | €10,591 | -€485,749 | -97.9% |
| Amounts payable within one year | 42/48 | €496,340 | €10,591 | -€485,749 | -97.9% |
| Trade debts | 44 | €873 | €1,713 | +€840 | +96.2% |
| Suppliers | 440/4 | €873 | €1,713 | +€840 | +96.2% |
| Taxes, remuneration and social security | 45 | €8,756 | €2,788 | -€5,967 | -68.2% |
| Taxes | 450/3 | €8,756 | €2,788 | -€5,967 | -68.2% |
| Other amounts payable | 47/48 | €486,711 | €6,090 | -€480,621 | -98.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €521 | €521 | = | 0.0% |
| Other operating charges | 640/8 | €1,514 | €1,383 | -€131 | -8.7% |
| Gross operating margin | 9900 | €595,044 | €667,634 | +€72,590 | +12.2% |
| Operating profit (loss) | 9901 | €593,009 | €665,730 | +€72,721 | +12.3% |
| Financial income | 75/76B | €51,848 | €126,450 | +€74,602 | +144% |
| Recurring financial income | 75 | €51,848 | €126,450 | +€74,602 | +144% |
| Financial charges | 65/66B | €9,451 | €1,149 | -€8,302 | -87.8% |
| Recurring financial charges | 65 | €9,451 | €1,149 | -€8,302 | -87.8% |
| Profit (loss) for the period before taxes | 9903 | €635,407 | €791,031 | +€155,625 | +24.5% |
| Income taxes | 67/77 | €201,517 | €218,954 | +€17,437 | +8.7% |
| Profit (loss) for the period | 9904 | €433,890 | €572,078 | +€138,188 | +31.8% |
| Transfer from tax-exempt reserves | 789 | €733,600 | - | -€733,600 | |
| Transfer to tax-exempt reserves | 689 | - | €210,500 | +€210,500 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,167,490 | €361,578 | -€805,912 | -69.0% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.