SPICEE: 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.
SPICEE
Largest movements
- Cash -€63,090
down €63,090 (-95.1%), from €66,347 to €3,257
mainly Trade debts (-€39,782) and Receivables within one year (-€10,753)
- Receivables within one year +€10,753
up €10,753 (+6.7%), from €159,440 to €170,193
of which Trade receivables: +€21,678
- Trade debts -€39,782
down €39,782 (-31.0%), from €128,375 to €88,593
- Profit (loss) carried forward -€6,261
down €6,261 (-129.2%), from -€4,846 to -€11,106
- Other debts -€4,000
down €4,000 (-4.4%), from €91,563 to €87,563
- Tax, wage and social debts -€2,294
down €2,294 (-85.2%), from €2,694 to €400
of which Taxes: -€2,294
- Gross operating margin +€12,880
up €12,880 (+69.8%), from -€18,443 to -€5,563
- Financial charges -€2,596
down €2,596, from €265 to -€2,331
- Other operating charges +€2,530
up €2,530 (+500.7%), from €505 to €3,036
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 | €225,787 | €173,450 | -€52,337 | -23.2% |
| Current assets | 29/58 | €225,787 | €173,450 | -€52,337 | -23.2% |
| Amounts receivable within one year | 40/41 | €159,440 | €170,193 | +€10,753 | +6.7% |
| Trade receivables | 40 | €107,415 | €129,093 | +€21,678 | +20.2% |
| Other amounts receivable | 41 | €52,025 | €41,100 | -€10,925 | -21.0% |
| Cash at bank and in hand | 54/58 | €66,347 | €3,257 | -€63,090 | -95.1% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €225,787 | €173,450 | -€52,337 | -23.2% |
| Equity | 10/15 | €3,154 | -€3,106 | -€6,261 | |
| Contributions | 10/11 | €8,000 | €8,000 | = | 0.0% |
| Reserves | 13 | €0 | - | = | |
| Distributable reserves | 133 | €0 | - | = | |
| Profit (loss) carried forward | 14 | -€4,846 | -€11,106 | -€6,261 | -129.2% |
| Amounts payable | 17/49 | €222,633 | €176,556 | -€46,076 | -20.7% |
| Amounts payable within one year | 42/48 | €222,633 | €176,556 | -€46,076 | -20.7% |
| Trade debts | 44 | €128,375 | €88,593 | -€39,782 | -31.0% |
| Suppliers | 440/4 | €128,375 | €88,593 | -€39,782 | -31.0% |
| Taxes, remuneration and social security | 45 | €2,694 | €400 | -€2,294 | -85.2% |
| Taxes | 450/3 | €2,694 | €400 | -€2,294 | -85.2% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €91,563 | €87,563 | -€4,000 | -4.4% |
| Remuneration, social security and pensions | 62 | -€25 | €0 | +€25 | |
| Other operating charges | 640/8 | €505 | €3,036 | +€2,530 | +500.7% |
| Gross operating margin | 9900 | -€18,443 | -€5,563 | +€12,880 | +69.8% |
| Operating profit (loss) | 9901 | -€18,923 | -€8,598 | +€10,325 | +54.6% |
| Financial income | 75/76B | €58 | €6 | -€52 | -89.3% |
| Recurring financial income | 75 | €58 | €6 | -€52 | -89.3% |
| Financial charges | 65/66B | €265 | -€2,331 | -€2,596 | |
| Recurring financial charges | 65 | €265 | -€2,331 | -€2,596 | |
| Profit (loss) for the period before taxes | 9903 | -€19,130 | -€6,261 | +€12,869 | +67.3% |
| Income taxes | 67/77 | -€6 | €0 | +€6 | |
| Profit (loss) for the period | 9904 | -€19,124 | -€6,261 | +€12,863 | +67.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€19,124 | -€6,261 | +€12,863 | +67.3% |
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 9 October 2026 via checked.be.