SPIC3: 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.
SPIC3
Largest movements
- Cash +€84,839
up €84,839 (+123%), from €68,999 to €153,838
mainly Net result for the year (+€75,019) and Other debts (+€4,987)
- Reserves +€65,000
up €65,000 (+100%), from €65,000 to €130,000
- Profit (loss) carried forward +€10,019
up €10,019 (+670%), from €1,496 to €11,515
- Other debts +€4,987
new in 2025: €4,987
- Tax, wage and social debts +€4,020
up €4,020 (+27.8%), from €14,476 to €18,496
- Gross operating margin +€9,731
up €9,731 (+10.4%), from €93,447 to €103,178
- Taxes +€2,467
up €2,467 (+9.9%), from €25,000 to €27,467
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 | €84,072 | €168,498 | +€84,425 | +100% |
| Fixed assets | 21/28 | €1,361 | €866 | -€496 | -36.4% |
| Tangible fixed assets | 22/27 | €1,361 | €866 | -€496 | -36.4% |
| Furniture and vehicles | 24 | €1,361 | €866 | -€496 | -36.4% |
| Current assets | 29/58 | €82,711 | €167,632 | +€84,921 | +103% |
| Amounts receivable within one year | 40/41 | €11,925 | €13,139 | +€1,213 | +10.2% |
| Trade receivables | 40 | €3,515 | €606 | -€2,909 | -82.8% |
| Other amounts receivable | 41 | €8,410 | €12,533 | +€4,123 | +49.0% |
| Cash at bank and in hand | 54/58 | €68,999 | €153,838 | +€84,839 | +123% |
| Deferred charges and accrued income | 490/1 | €1,787 | €656 | -€1,131 | -63.3% |
| Total equity and liabilities | 10/49 | €84,072 | €168,498 | +€84,425 | +100% |
| Equity | 10/15 | €68,996 | €144,015 | +€75,019 | +109% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €65,000 | €130,000 | +€65,000 | +100% |
| Distributable reserves | 133 | €65,000 | €130,000 | +€65,000 | +100% |
| Profit (loss) carried forward | 14 | €1,496 | €11,515 | +€10,019 | +670% |
| Amounts payable | 17/49 | €15,076 | €24,483 | +€9,407 | +62.4% |
| Amounts payable within one year | 42/48 | €15,076 | €24,483 | +€9,407 | +62.4% |
| Trade debts | 44 | €600 | €1,000 | +€400 | +66.7% |
| Suppliers | 440/4 | €600 | €1,000 | +€400 | +66.7% |
| Taxes, remuneration and social security | 45 | €14,476 | €18,496 | +€4,020 | +27.8% |
| Taxes | 450/3 | €14,476 | €18,496 | +€4,020 | +27.8% |
| Other amounts payable | 47/48 | - | €4,987 | +€4,987 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,430 | €496 | -€934 | -65.3% |
| Other operating charges | 640/8 | €384 | - | -€384 | |
| Gross operating margin | 9900 | €93,447 | €103,178 | +€9,731 | +10.4% |
| Operating profit (loss) | 9901 | €91,633 | €102,682 | +€11,050 | +12.1% |
| Financial charges | 65/66B | €136 | €196 | +€60 | +44.3% |
| Recurring financial charges | 65 | €136 | €196 | +€60 | +44.3% |
| Profit (loss) for the period before taxes | 9903 | €91,496 | €102,486 | +€10,989 | +12.0% |
| Income taxes | 67/77 | €25,000 | €27,467 | +€2,467 | +9.9% |
| Profit (loss) for the period | 9904 | €66,496 | €75,019 | +€8,522 | +12.8% |
| Profit (loss) for the period to be appropriated | 9905 | €66,496 | €75,019 | +€8,522 | +12.8% |
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 13 October 2026 via checked.be.