SPICY: 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.
SPICY
Largest movements
- Receivables within one year -€6,868
down €6,868 (-54.5%), from €12,610 to €5,742
of which Trade receivables: -€6,868
- Stocks and contracts +€2,188
up €2,188 (+3.6%), from €60,858 to €63,046
- Cash -€773
down €773 (-41.5%), from €1,862 to €1,089
mainly Other debts (-€18,289) and Short-term financial debts (-€2,367)
- Other debts -€18,289
down €18,289 (-81.4%), from €22,470 to €4,181
- Trade debts +€13,879
up €13,879 (+20.6%), from €67,510 to €81,389
- Tax, wage and social debts +€2,837
up €2,837 (+70.1%), from €4,049 to €6,885
- Short-term financial debts -€2,367
no longer reported in 2025 (was €2,367)
- Profit (loss) carried forward -€1,372
down €1,372 (-3.3%), from -€41,087 to -€42,458
- Gross operating margin +€18,262
up €18,262, from -€14,572 to €3,691
- Other operating charges +€1,509
up €1,509 (+221.6%), from €681 to €2,189
- Financial charges +€1,126
up €1,126 (+64.4%), from €1,749 to €2,875
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 | €75,769 | €70,457 | -€5,313 | -7.0% |
| Current assets | 29/58 | €75,769 | €70,457 | -€5,313 | -7.0% |
| Stocks and contracts in progress | 3 | €60,858 | €63,046 | +€2,188 | +3.6% |
| Stocks | 30/36 | €60,858 | €63,046 | +€2,188 | +3.6% |
| Amounts receivable within one year | 40/41 | €12,610 | €5,742 | -€6,868 | -54.5% |
| Trade receivables | 40 | €12,607 | €5,738 | -€6,868 | -54.5% |
| Other amounts receivable | 41 | €3 | €3 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €1,862 | €1,089 | -€773 | -41.5% |
| Deferred charges and accrued income | 490/1 | €440 | €580 | +€141 | +32.0% |
| Total equity and liabilities | 10/49 | €75,769 | €70,457 | -€5,313 | -7.0% |
| Equity | 10/15 | -€20,627 | -€21,998 | -€1,372 | -6.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€41,087 | -€42,458 | -€1,372 | -3.3% |
| Amounts payable | 17/49 | €96,396 | €92,455 | -€3,941 | -4.1% |
| Amounts payable within one year | 42/48 | €96,396 | €92,455 | -€3,941 | -4.1% |
| Financial debts | 43 | €2,367 | - | -€2,367 | |
| Credit institutions | 430/8 | €2,367 | - | -€2,367 | |
| Trade debts | 44 | €67,510 | €81,389 | +€13,879 | +20.6% |
| Suppliers | 440/4 | €67,510 | €81,389 | +€13,879 | +20.6% |
| Taxes, remuneration and social security | 45 | €4,049 | €6,885 | +€2,837 | +70.1% |
| Taxes | 450/3 | €4,049 | €6,885 | +€2,837 | +70.1% |
| Other amounts payable | 47/48 | €22,470 | €4,181 | -€18,289 | -81.4% |
| Other operating charges | 640/8 | €681 | €2,189 | +€1,509 | +221.6% |
| Gross operating margin | 9900 | -€14,572 | €3,691 | +€18,262 | |
| Operating profit (loss) | 9901 | -€15,253 | €1,501 | +€16,754 | |
| Financial income | 75/76B | €1 | €2 | +€0 | +26.2% |
| Recurring financial income | 75 | €1 | €2 | +€0 | +26.2% |
| Financial charges | 65/66B | €1,749 | €2,875 | +€1,126 | +64.4% |
| Recurring financial charges | 65 | €1,749 | €2,875 | +€1,126 | +64.4% |
| Profit (loss) for the period before taxes | 9903 | -€17,000 | -€1,372 | +€15,628 | +91.9% |
| Profit (loss) for the period | 9904 | -€17,000 | -€1,372 | +€15,628 | +91.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€17,000 | -€1,372 | +€15,628 | +91.9% |
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 1 October 2026 via checked.be.