SPICE POT: what changed
Two fiscal 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.
SPICE POT
Largest movements
- Stocks and contracts -€40,321
down €40,321 (-30.7%), from €131,254 to €90,932
- Cash -€9,406
down €9,406 (-40.7%), from €23,098 to €13,692
mainly Trade debts (-€51,628) and Contributions, distributions and other (-€13,457)
- Receivables within one year -€7,576
down €7,576 (-14.9%), from €50,907 to €43,330
of which Trade receivables: -€20,265
- Tangible fixed assets -€6,701
down €6,701 (-22.2%), from €30,218 to €23,517
- Financial fixed assets +€5,250
up €5,250 (+77.8%), from €6,750 to €12,000
- Trade debts -€51,628
down €51,628 (-78.4%), from €65,894 to €14,266
- Debts after one year -€9,555
down €9,555 (-36.9%), from €25,901 to €16,345
- Reserves +€4,188
up €4,188 (+10.5%), from €39,769 to €43,957
- Gross operating margin +€40,440
up €40,440 (+814.0%), from €4,968 to €45,409
- Taxes +€8,764
new in 2025: €8,764
- Staff costs +€8,353
up €8,353 (+1676.4%), from €498 to €8,851
- Depreciation +€3,415
up €3,415 (+79.7%), from €4,286 to €7,701
- Financial income +€1,015
up €1,015 (+2104.6%), from €48 to €1,063
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 | €246,816 | €190,217 | -€56,599 | -22.9% |
| Fixed assets | 21/28 | €39,968 | €37,517 | -€2,451 | -6.1% |
| Intangible fixed assets | 21 | €3,000 | €2,000 | -€1,000 | -33.3% |
| Tangible fixed assets | 22/27 | €30,218 | €23,517 | -€6,701 | -22.2% |
| Furniture and vehicles | 24 | €30,218 | €23,517 | -€6,701 | -22.2% |
| Financial fixed assets | 28 | €6,750 | €12,000 | +€5,250 | +77.8% |
| Current assets | 29/58 | €206,848 | €152,699 | -€54,148 | -26.2% |
| Stocks and contracts in progress | 3 | €131,254 | €90,932 | -€40,321 | -30.7% |
| Stocks | 30/36 | €131,254 | €90,932 | -€40,321 | -30.7% |
| Amounts receivable within one year | 40/41 | €50,907 | €43,330 | -€7,576 | -14.9% |
| Trade receivables | 40 | €21,884 | €1,619 | -€20,265 | -92.6% |
| Other amounts receivable | 41 | €29,023 | €41,712 | +€12,689 | +43.7% |
| Cash at bank and in hand | 54/58 | €23,098 | €13,692 | -€9,406 | -40.7% |
| Deferred charges and accrued income | 490/1 | €1,589 | €4,744 | +€3,155 | +198.6% |
| Total equity and liabilities | 10/49 | €246,816 | €190,217 | -€56,599 | -22.9% |
| Equity | 10/15 | €44,577 | €50,157 | +€5,580 | +12.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €39,769 | €43,957 | +€4,188 | +10.5% |
| Distributable reserves | 133 | €39,769 | €43,957 | +€4,188 | +10.5% |
| Profit (loss) carried forward | 14 | -€1,392 | - | +€1,392 | |
| Amounts payable | 17/49 | €202,239 | €140,060 | -€62,179 | -30.7% |
| Amounts payable after more than one year | 17 | €25,901 | €16,345 | -€9,555 | -36.9% |
| Financial debts | 170/4 | €25,901 | €16,345 | -€9,555 | -36.9% |
| Amounts payable within one year | 42/48 | €175,748 | €122,314 | -€53,434 | -30.4% |
| Current portion of amounts payable after more than one year | 42 | €5,752 | €6,025 | +€273 | +4.8% |
| Financial debts | 43 | €12,543 | €12,455 | -€88 | -0.7% |
| Credit institutions | 430/8 | €12,543 | €12,455 | -€88 | -0.7% |
| Trade debts | 44 | €65,894 | €14,266 | -€51,628 | -78.4% |
| Suppliers | 440/4 | €65,894 | €14,266 | -€51,628 | -78.4% |
| Taxes, remuneration and social security | 45 | €3,560 | €1,462 | -€2,097 | -58.9% |
| Taxes | 450/3 | €3,170 | €1,265 | -€1,905 | -60.1% |
| Remuneration and social security | 454/9 | €389 | €197 | -€192 | -49.3% |
| Other amounts payable | 47/48 | €88,000 | €88,105 | +€105 | +0.1% |
| Accrued charges and deferred income | 492/3 | €590 | €1,400 | +€810 | +137.3% |
| Remuneration, social security and pensions | 62 | €498 | €8,851 | +€8,353 | +1676.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,286 | €7,701 | +€3,415 | +79.7% |
| Other operating charges | 640/8 | €479 | €463 | -€16 | -3.3% |
| Gross operating margin | 9900 | €4,968 | €45,409 | +€40,440 | +814.0% |
| Operating profit (loss) | 9901 | -€295 | €28,394 | +€28,688 | |
| Financial income | 75/76B | €48 | €1,063 | +€1,015 | +2104.6% |
| Recurring financial income | 75 | €48 | €1,063 | +€1,015 | +2104.6% |
| Financial charges | 65/66B | €1,146 | €1,655 | +€509 | +44.4% |
| Recurring financial charges | 65 | €1,146 | €1,655 | +€509 | +44.4% |
| Profit (loss) for the period before taxes | 9903 | -€1,392 | €27,801 | +€29,194 | |
| Income taxes | 67/77 | - | €8,764 | +€8,764 | |
| Profit (loss) for the period | 9904 | -€1,392 | €19,037 | +€20,429 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,392 | €19,037 | +€20,429 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.