Spich: 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.
What changed
Spich
NACE 90.391, Promotion and organisation of arts and performing arts events
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€17,959
2024 · -€4,236-€13,722
Equity
€218,045
2024 · €295,901-€77,856
Cash
€14,963
2024 · €20,862-€5,899
Balance sheet total
€886,031
2024 · €950,182-€64,152
Largest movements
Assets
- Tangible fixed assets -€62,729
down €62,729 (-8.3%), from €755,493 to €692,764
of which Land and buildings: -€41,030
Equity and liabilities
- Reserves -€70,929
down €70,929 (-26.8%), from €264,901 to €193,972
of which Distributable reserves: -€56,578
- Other debts +€55,794
up €55,794 (+306%), from €18,205 to €73,998
- Trade debts -€29,006
down €29,006 (-33.9%), from €85,661 to €56,655
- Debts after one year -€27,096
down €27,096 (-5.7%), from €474,472 to €447,376
of which Financial debts: -€57,096
- Tax, wage and social debts +€20,741
up €20,741 (+191%), from €10,867 to €31,608
Income statement
- Gross operating margin -€30,665
down €30,665 (-29.4%), from €104,358 to €73,693
- Taxes -€5,141
down €5,141 (-39.6%), from €12,991 to €7,850
- Financial charges -€1,898
down €1,898 (-13.1%), from €14,482 to €12,584
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.
Result 2024
-€4,236
Gross operating margin
-€30,665
Depreciation
+€360
Write-downs
-€409
Other operating charges
-€933
Other operating items
+€10,623
Financial income
+€263
Financial charges
+€1,898
Taxes
+€5,141
Result 2025
-€17,959
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€88,474
Investment
-€652
Financing
-€93,721
Cash 2024
€20,862
From operations (derived)
+€88,474
Net result for the year
-€17,959
Depreciation
+€63,382
Receivables after one year
+€1,000
Stocks and contracts
-€405
Receivables within one year
-€5,320
Deferred charges and accrued income
+€248
Trade debts
-€29,006
Tax, wage and social debts
+€20,741
Other debts
+€55,794
Investment (derived)
-€652
Investment in fixed assets (net)
-€652
Financing
-€93,721
Debts after one year
-€27,096
Current portion of long-term debt
-€6,735
Short-term financial debts
+€7
Contributions, distributions and other
-€59,898
Cash 2025
€14,963
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €950,182 | €886,031 | -€64,152 | -6.8% |
| Fixed assets | 21/28 | €755,493 | €692,764 | -€62,729 | -8.3% |
| Tangible fixed assets | 22/27 | €755,493 | €692,764 | -€62,729 | -8.3% |
| Land and buildings | 22 | €697,201 | €656,171 | -€41,030 | -5.9% |
| Plant, machinery and equipment | 23 | €50,372 | €31,156 | -€19,217 | -38.1% |
| Furniture and vehicles | 24 | €7,920 | €5,438 | -€2,483 | -31.3% |
| Current assets | 29/58 | €194,689 | €193,267 | -€1,422 | -0.7% |
| Amounts receivable after more than one year | 29 | €84,430 | €83,430 | -€1,000 | -1.2% |
| Other amounts receivable | 291 | €84,430 | €83,430 | -€1,000 | -1.2% |
| Stocks and contracts in progress | 3 | €5,567 | €5,972 | +€405 | +7.3% |
| Stocks | 30/36 | €5,567 | €5,972 | +€405 | +7.3% |
| Amounts receivable within one year | 40/41 | €81,735 | €87,055 | +€5,320 | +6.5% |
| Trade receivables | 40 | €12,368 | €40,935 | +€28,566 | +231% |
| Other amounts receivable | 41 | €69,367 | €46,120 | -€23,246 | -33.5% |
| Cash at bank and in hand | 54/58 | €20,862 | €14,963 | -€5,899 | -28.3% |
| Deferred charges and accrued income | 490/1 | €2,095 | €1,847 | -€248 | -11.8% |
| Total equity and liabilities | 10/49 | €950,182 | €886,031 | -€64,152 | -6.8% |
| Equity | 10/15 | €295,901 | €218,045 | -€77,856 | -26.3% |
| Contributions | 10/11 | €31,000 | €31,000 | = | 0.0% |
| Reserves | 13 | €264,901 | €193,972 | -€70,929 | -26.8% |
| Non-distributable reserves | 130/1 | €6,197 | €2,877 | -€3,320 | -53.6% |
| Reserves not available under the articles | 1311 | €6,197 | €2,877 | -€3,320 | -53.6% |
| Tax-exempt reserves | 132 | €195,167 | €184,136 | -€11,031 | -5.7% |
| Distributable reserves | 133 | €63,537 | €6,959 | -€56,578 | -89.0% |
| Profit (loss) carried forward | 14 | - | -€6,927 | -€6,927 | |
| Amounts payable | 17/49 | €654,281 | €667,986 | +€13,705 | +2.1% |
| Amounts payable after more than one year | 17 | €474,472 | €447,376 | -€27,096 | -5.7% |
| Financial debts | 170/4 | €404,472 | €347,376 | -€57,096 | -14.1% |
| Other amounts payable | 178/9 | €70,000 | €100,000 | +€30,000 | +42.9% |
| Amounts payable within one year | 42/48 | €179,809 | €220,610 | +€40,800 | +22.7% |
| Current portion of amounts payable after more than one year | 42 | €65,076 | €58,342 | -€6,735 | -10.3% |
| Financial debts | 43 | - | €7 | +€7 | |
| Credit institutions | 430/8 | - | €7 | +€7 | |
| Trade debts | 44 | €85,661 | €56,655 | -€29,006 | -33.9% |
| Suppliers | 440/4 | €85,661 | €56,655 | -€29,006 | -33.9% |
| Taxes, remuneration and social security | 45 | €10,867 | €31,608 | +€20,741 | +191% |
| Taxes | 450/3 | €10,867 | €31,608 | +€20,741 | +191% |
| Other amounts payable | 47/48 | €18,205 | €73,998 | +€55,794 | +306% |
| Non-recurring operating income | 76A | - | €652 | +€652 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €63,742 | €63,382 | -€360 | -0.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€409 | €0 | +€409 | |
| Other operating charges | 640/8 | €11,848 | €12,781 | +€933 | +7.9% |
| Non-recurring operating charges | 66A | €10,623 | €0 | -€10,623 | -100% |
| Gross operating margin | 9900 | €104,358 | €73,693 | -€30,665 | -29.4% |
| Operating profit (loss) | 9901 | €18,555 | -€2,470 | -€21,025 | |
| Financial income | 75/76B | €4,681 | €4,944 | +€263 | +5.6% |
| Recurring financial income | 75 | €4,681 | €4,944 | +€263 | +5.6% |
| Financial charges | 65/66B | €14,482 | €12,584 | -€1,898 | -13.1% |
| Recurring financial charges | 65 | €14,482 | €12,584 | -€1,898 | -13.1% |
| Profit (loss) for the period before taxes | 9903 | €8,754 | -€10,109 | -€18,864 | |
| Income taxes | 67/77 | €12,991 | €7,850 | -€5,141 | -39.6% |
| Profit (loss) for the period | 9904 | -€4,236 | -€17,959 | -€13,722 | -324% |
| Transfer from tax-exempt reserves | 789 | €11,031 | €11,031 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €6,795 | -€6,927 | -€13,722 |
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.