SPICY MIND: 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.
SPICY MIND
Largest movements
- Tangible fixed assets -€67,806
down €67,806 (-27.9%), from €243,243 to €175,437
of which Furniture and vehicles: -€60,925
- Cash +€16,997
up €16,997 (+189.2%), from €8,984 to €25,981
mainly Investment in fixed assets (net) (+€57,951) and Depreciation (+€10,030)
- Receivables within one year -€4,378
down €4,378 (-32.8%), from €13,342 to €8,964
of which Trade receivables: -€4,416
- Debts after one year -€31,693
down €31,693 (-34.9%), from €90,686 to €58,993
- Trade debts -€21,504
down €21,504 (-98.0%), from €21,945 to €441
- Gross operating margin -€25,718
down €25,718 (-48.7%), from €52,859 to €27,141
- Other operating charges +€13,250
up €13,250 (+538.8%), from €2,459 to €15,709
- Staff costs -€10,814
down €10,814 (-98.5%), from €10,983 to €169
- Depreciation -€6,408
down €6,408 (-39.0%), from €16,438 to €10,030
- Taxes -€3,636
no longer reported in 2025 (was €3,636)
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 | €270,285 | €211,946 | -€58,339 | -21.6% |
| Fixed assets | 21/28 | €243,724 | €175,743 | -€67,981 | -27.9% |
| Tangible fixed assets | 22/27 | €243,243 | €175,437 | -€67,806 | -27.9% |
| Land and buildings | 22 | €180,722 | €174,509 | -€6,213 | -3.4% |
| Plant, machinery and equipment | 23 | €889 | €221 | -€668 | -75.1% |
| Furniture and vehicles | 24 | €61,632 | €707 | -€60,925 | -98.9% |
| Financial fixed assets | 28 | €481 | €306 | -€175 | -36.4% |
| Current assets | 29/58 | €26,561 | €36,203 | +€9,642 | +36.3% |
| Amounts receivable within one year | 40/41 | €13,342 | €8,964 | -€4,378 | -32.8% |
| Trade receivables | 40 | €6,118 | €1,702 | -€4,416 | -72.2% |
| Other amounts receivable | 41 | €7,224 | €7,262 | +€38 | +0.5% |
| Current investments | 50/53 | €2,000 | €500 | -€1,500 | -75.0% |
| Cash at bank and in hand | 54/58 | €8,984 | €25,981 | +€16,997 | +189.2% |
| Deferred charges and accrued income | 490/1 | €2,235 | €758 | -€1,477 | -66.1% |
| Total equity and liabilities | 10/49 | €270,285 | €211,946 | -€58,339 | -21.6% |
| Equity | 10/15 | €121,391 | €120,416 | -€975 | -0.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €115,191 | €114,216 | -€975 | -0.8% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €3,500 | €3,500 | = | 0.0% |
| Distributable reserves | 133 | €109,691 | €108,716 | -€975 | -0.9% |
| Amounts payable | 17/49 | €148,894 | €91,530 | -€57,364 | -38.5% |
| Amounts payable after more than one year | 17 | €90,686 | €58,993 | -€31,693 | -34.9% |
| Financial debts | 170/4 | €90,686 | €58,993 | -€31,693 | -34.9% |
| Amounts payable within one year | 42/48 | €58,079 | €32,535 | -€25,544 | -44.0% |
| Current portion of amounts payable after more than one year | 42 | €31,944 | €31,694 | -€250 | -0.8% |
| Trade debts | 44 | €21,945 | €441 | -€21,504 | -98.0% |
| Suppliers | 440/4 | €21,945 | €441 | -€21,504 | -98.0% |
| Taxes, remuneration and social security | 45 | €2,291 | - | -€2,291 | |
| Taxes | 450/3 | €2,259 | - | -€2,259 | |
| Remuneration and social security | 454/9 | €32 | - | -€32 | |
| Other amounts payable | 47/48 | €1,899 | €400 | -€1,499 | -78.9% |
| Accrued charges and deferred income | 492/3 | €129 | €2 | -€127 | -98.4% |
| Non-recurring operating income | 76A | €35,272 | €11,692 | -€23,580 | -66.9% |
| Remuneration, social security and pensions | 62 | €10,983 | €169 | -€10,814 | -98.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,438 | €10,030 | -€6,408 | -39.0% |
| Other operating charges | 640/8 | €2,459 | €15,709 | +€13,250 | +538.8% |
| Gross operating margin | 9900 | €52,859 | €27,141 | -€25,718 | -48.7% |
| Operating profit (loss) | 9901 | €22,979 | €1,233 | -€21,746 | -94.6% |
| Financial income | 75/76B | €88 | €35 | -€53 | -60.2% |
| Recurring financial income | 75 | €88 | €35 | -€53 | -60.2% |
| Financial charges | 65/66B | €2,169 | €2,243 | +€74 | +3.4% |
| Recurring financial charges | 65 | €2,169 | €2,243 | +€74 | +3.4% |
| Profit (loss) for the period before taxes | 9903 | €20,898 | -€975 | -€21,873 | |
| Income taxes | 67/77 | €3,636 | - | -€3,636 | |
| Profit (loss) for the period | 9904 | €17,262 | -€975 | -€18,237 | |
| Profit (loss) for the period to be appropriated | 9905 | €17,262 | -€975 | -€18,237 |
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 10 October 2026 via checked.be.