SPIBOU: 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.
SPIBOU
Largest movements
- Receivables within one year -€10,029
down €10,029 (-18.3%), from €54,662 to €44,632
of which Trade receivables: -€10,135
- Tangible fixed assets -€8,900
down €8,900 (-100%), from €8,900 to €0
of which Furniture and vehicles: -€6,780
- Cash +€7,951
up €7,951 (+107%), from €7,447 to €15,398
mainly Receivables within one year (+€10,029) and Investment in fixed assets (net) (+€8,900)
- Deferred charges and accrued income -€1,265
down €1,265 (-100%), from €1,265 to €0
- Profit (loss) carried forward -€16,334
down €16,334 (-18.6%), from -€87,609 to -€103,942
- Tax, wage and social debts +€4,842
up €4,842 (+628%), from €771 to €5,612
- Other debts +€3,767
up €3,767 (+7.1%), from €53,140 to €56,907
- Current portion of long-term debt -€2,883
down €2,883 (-100%), from €2,883 to €0
- Trade debts -€1,635
down €1,635 (-74.4%), from €2,199 to €564
- Gross operating margin -€41,761
down €41,761 (-93.3%), from €44,766 to €3,005
- Staff costs -€6,485
down €6,485 (-31.6%), from €20,546 to €14,062
- Depreciation -€3,893
down €3,893 (-100%), from €3,893 to €0
- Other operating charges -€1,336
down €1,336 (-80.7%), from €1,656 to €320
- Financial charges +€1,034
up €1,034 (+26.4%), from €3,923 to €4,957
of which Non-recurring financial charges: +€4,865
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 | €72,273 | €60,031 | -€12,242 | -16.9% |
| Fixed assets | 21/28 | €8,900 | €0 | -€8,900 | -100% |
| Tangible fixed assets | 22/27 | €8,900 | €0 | -€8,900 | -100% |
| Plant, machinery and equipment | 23 | €2,120 | €0 | -€2,120 | -100% |
| Furniture and vehicles | 24 | €6,780 | €0 | -€6,780 | -100% |
| Current assets | 29/58 | €63,373 | €60,031 | -€3,343 | -5.3% |
| Amounts receivable within one year | 40/41 | €54,662 | €44,632 | -€10,029 | -18.3% |
| Trade receivables | 40 | €54,659 | €44,524 | -€10,135 | -18.5% |
| Other amounts receivable | 41 | €3 | €108 | +€105 | +3,625% |
| Cash at bank and in hand | 54/58 | €7,447 | €15,398 | +€7,951 | +107% |
| Deferred charges and accrued income | 490/1 | €1,265 | €0 | -€1,265 | -100% |
| Total equity and liabilities | 10/49 | €72,273 | €60,031 | -€12,242 | -16.9% |
| Equity | 10/15 | €13,281 | -€3,052 | -€16,334 | |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €82,298 | €82,298 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €9,300 | €9,300 | = | 0.0% |
| Distributable reserves | 133 | €71,139 | €71,139 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€87,609 | -€103,942 | -€16,334 | -18.6% |
| Amounts payable | 17/49 | €58,992 | €63,083 | +€4,091 | +6.9% |
| Amounts payable within one year | 42/48 | €58,992 | €63,083 | +€4,091 | +6.9% |
| Current portion of amounts payable after more than one year | 42 | €2,883 | €0 | -€2,883 | -100% |
| Trade debts | 44 | €2,199 | €564 | -€1,635 | -74.4% |
| Suppliers | 440/4 | €2,199 | €564 | -€1,635 | -74.4% |
| Taxes, remuneration and social security | 45 | €771 | €5,612 | +€4,842 | +628% |
| Remuneration and social security | 454/9 | €771 | €5,612 | +€4,842 | +628% |
| Other amounts payable | 47/48 | €53,140 | €56,907 | +€3,767 | +7.1% |
| Remuneration, social security and pensions | 62 | €20,546 | €14,062 | -€6,485 | -31.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,893 | €0 | -€3,893 | -100% |
| Other operating charges | 640/8 | €1,656 | €320 | -€1,336 | -80.7% |
| Gross operating margin | 9900 | €44,766 | €3,005 | -€41,761 | -93.3% |
| Operating profit (loss) | 9901 | €18,671 | -€11,376 | -€30,047 | |
| Financial income | 75/76B | €26 | €0 | -€26 | -100% |
| Recurring financial income | 75 | €26 | €0 | -€26 | -100% |
| Financial charges | 65/66B | €3,923 | €4,957 | +€1,034 | +26.4% |
| Recurring financial charges | 65 | €3,923 | €92 | -€3,831 | -97.6% |
| Non-recurring financial charges | 66B | - | €4,865 | +€4,865 | |
| Profit (loss) for the period before taxes | 9903 | €14,774 | -€16,334 | -€31,107 | |
| Profit (loss) for the period | 9904 | €14,774 | -€16,334 | -€31,107 | |
| Profit (loss) for the period to be appropriated | 9905 | €14,774 | -€16,334 | -€31,107 |
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 16 October 2026 via checked.be.