SPIBOS: 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.
SPIBOS
Largest movements
- Tangible fixed assets -€66,311
down €66,311 (-12.9%), from €514,076 to €447,765
of which Furniture and vehicles: -€42,701
- Cash -€40,467
down €40,467 (-29.6%), from €136,736 to €96,269
mainly Other debts (-€63,421) and Debts after one year (-€59,380)
- Other debts -€63,421
down €63,421 (-66.4%), from €95,516 to €32,096
- Debts after one year -€59,380
down €59,380 (-21.7%), from €273,386 to €214,006
- Profit (loss) carried forward -€17,634
down €17,634 (-13.3%), from €132,359 to €114,725
- Trade debts +€15,935
up €15,935 (+18.0%), from €88,499 to €104,434
- Accrued charges and deferred income +€15,272
new in 2025: €15,272
- Gross operating margin -€45,337
down €45,337 (-12.4%), from €365,411 to €320,074
- Staff costs -€9,390
down €9,390 (-5.0%), from €187,312 to €177,922
- Taxes -€8,013
down €8,013 (-56.0%), from €14,313 to €6,300
- Financial charges +€6,805
up €6,805 (+37.7%), from €18,038 to €24,843
of which Financial charges: +€7,671
- Other operating charges -€6,409
down €6,409 (-29.2%), from €21,937 to €15,528
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 | €720,856 | €607,487 | -€113,369 | -15.7% |
| Fixed assets | 21/28 | €514,235 | €447,924 | -€66,311 | -12.9% |
| Tangible fixed assets | 22/27 | €514,076 | €447,765 | -€66,311 | -12.9% |
| Plant, machinery and equipment | 23 | €134,748 | €125,552 | -€9,197 | -6.8% |
| Furniture and vehicles | 24 | €339,298 | €296,596 | -€42,701 | -12.6% |
| Other tangible fixed assets | 26 | €40,030 | €25,616 | -€14,414 | -36.0% |
| Financial fixed assets | 28 | €159 | €159 | = | 0.0% |
| Current assets | 29/58 | €206,621 | €159,563 | -€47,058 | -22.8% |
| Stocks and contracts in progress | 3 | €14,115 | €13,090 | -€1,025 | -7.3% |
| Stocks | 30/36 | €14,115 | €13,090 | -€1,025 | -7.3% |
| Amounts receivable within one year | 40/41 | €55,770 | €50,204 | -€5,566 | -10.0% |
| Trade receivables | 40 | €35,270 | €34,704 | -€566 | -1.6% |
| Other amounts receivable | 41 | €20,500 | €15,500 | -€5,000 | -24.4% |
| Cash at bank and in hand | 54/58 | €136,736 | €96,269 | -€40,467 | -29.6% |
| Total equity and liabilities | 10/49 | €720,856 | €607,487 | -€113,369 | -15.7% |
| Equity | 10/15 | €150,959 | €133,325 | -€17,634 | -11.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €132,359 | €114,725 | -€17,634 | -13.3% |
| Amounts payable | 17/49 | €569,897 | €474,163 | -€95,735 | -16.8% |
| Amounts payable after more than one year | 17 | €273,386 | €214,006 | -€59,380 | -21.7% |
| Financial debts | 170/4 | €273,386 | €214,006 | -€59,380 | -21.7% |
| Amounts payable within one year | 42/48 | €296,512 | €244,885 | -€51,627 | -17.4% |
| Current portion of amounts payable after more than one year | 42 | €58,111 | €60,317 | +€2,206 | +3.8% |
| Financial debts | 43 | - | €57 | +€57 | |
| Credit institutions | 430/8 | - | €57 | +€57 | |
| Trade debts | 44 | €88,499 | €104,434 | +€15,935 | +18.0% |
| Suppliers | 440/4 | €88,499 | €104,434 | +€15,935 | +18.0% |
| Taxes, remuneration and social security | 45 | €54,384 | €47,981 | -€6,403 | -11.8% |
| Taxes | 450/3 | €38,115 | €25,968 | -€12,147 | -31.9% |
| Remuneration and social security | 454/9 | €16,269 | €22,013 | +€5,744 | +35.3% |
| Other amounts payable | 47/48 | €95,516 | €32,096 | -€63,421 | -66.4% |
| Accrued charges and deferred income | 492/3 | - | €15,272 | +€15,272 | |
| Remuneration, social security and pensions | 62 | €187,312 | €177,922 | -€9,390 | -5.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €112,822 | €115,860 | +€3,038 | +2.7% |
| Other operating charges | 640/8 | €21,937 | €15,528 | -€6,409 | -29.2% |
| Non-recurring operating charges | 66A | €14,473 | €58 | -€14,415 | -99.6% |
| Gross operating margin | 9900 | €365,411 | €320,074 | -€45,337 | -12.4% |
| Operating profit (loss) | 9901 | €28,868 | €10,707 | -€18,161 | -62.9% |
| Financial income | 75/76B | - | €2,801 | +€2,801 | |
| Recurring financial income | 75 | - | €98 | +€98 | |
| Non-recurring financial income | 76B | - | €2,703 | +€2,703 | |
| Financial charges | 65/66B | €18,038 | €24,843 | +€6,805 | +37.7% |
| Recurring financial charges | 65 | €17,172 | €24,843 | +€7,671 | +44.7% |
| Non-recurring financial charges | 66B | €866 | - | -€866 | |
| Profit (loss) for the period before taxes | 9903 | €10,830 | -€11,335 | -€22,165 | |
| Income taxes | 67/77 | €14,313 | €6,300 | -€8,013 | -56.0% |
| Profit (loss) for the period | 9904 | -€3,482 | -€17,634 | -€14,152 | -406.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,482 | -€17,634 | -€14,152 | -406.4% |
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.