SPIDECO: what changed
What changed
SPIDECO
NACE 43.320, Joinery installation
filed annual accounts (NBB)
Net result for the year
€54,258
2024 · €10,750+€43,508
Equity
€122,475
2024 · €108,217+€14,258
Cash
€181,964
2024 · €67,277+€114,687
Balance sheet total
€446,683
2024 · €332,504+€114,179
Largest movements
Assets
- Cash +€114,687
up €114,687 (+170%), from €67,277 to €181,964
mainly Net result for the year (+€54,258) and Accrued charges and deferred income (+€41,176)
- Receivables within one year +€11,125
up €11,125 (+60.0%), from €18,540 to €29,665
of which Trade receivables: +€17,605
- Tangible fixed assets -€9,972
down €9,972 (-5.3%), from €187,011 to €177,039
of which Land and buildings: -€12,875
Equity and liabilities
- Accrued charges and deferred income +€41,176
up €41,176 (+177%), from €23,278 to €64,454
- Other debts +€30,265
up €30,265 (+303%), from €10,000 to €40,265
- Trade debts +€29,979
up €29,979 (+108%), from €27,882 to €57,861
- Profit (loss) carried forward +€14,258
up €14,258 (+1,151%), from €1,239 to €15,497
- Debts after one year -€13,081
down €13,081 (-9.1%), from €144,482 to €131,401
Income statement
- Gross operating margin +€55,251
up €55,251 (+66.0%), from €83,740 to €138,991
- Taxes +€15,087
up €15,087 (+434%), from €3,479 to €18,566
- Depreciation -€2,602
down €2,602 (-13.2%), from €19,642 to €17,040
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€10,750
Gross operating margin
+€55,251
Staff costs
+€231
Depreciation
+€2,602
Other operating charges
+€238
Financial income
+€2
Financial charges
+€270
Taxes
-€15,087
Result 2025
€54,258
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€174,786
Investment
-€7,351
Financing
-€52,748
Cash 2024
€67,277
From operations (derived)
+€174,786
Net result for the year
+€54,258
Depreciation
+€17,040
Stocks and contracts
+€2,107
Receivables within one year
-€11,125
Deferred charges and accrued income
-€163
Trade debts
+€29,979
Tax, wage and social debts
+€11,248
Other debts
+€30,265
Accrued charges and deferred income
+€41,176
Investment (derived)
-€7,351
Investment in fixed assets (net)
-€7,351
Financing
-€52,748
Debts after one year
-€13,081
Current portion of long-term debt
+€333
Contributions, distributions and other
-€40,000
Cash 2025
€181,964
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €332,504 | €446,683 | +€114,179 | +34.3% |
| Fixed assets | 21/28 | €188,558 | €178,869 | -€9,689 | -5.1% |
| Intangible fixed assets | 21 | €1,383 | €1,665 | +€282 | +20.4% |
| Tangible fixed assets | 22/27 | €187,011 | €177,039 | -€9,972 | -5.3% |
| Land and buildings | 22 | €167,747 | €154,872 | -€12,875 | -7.7% |
| Plant, machinery and equipment | 23 | €738 | €1,039 | +€301 | +40.8% |
| Furniture and vehicles | 24 | €1,072 | €1,258 | +€186 | +17.4% |
| Other tangible fixed assets | 26 | €17,454 | €19,870 | +€2,416 | +13.8% |
| Financial fixed assets | 28 | €165 | €165 | +€0 | +0.3% |
| Current assets | 29/58 | €143,946 | €267,814 | +€123,868 | +86.1% |
| Stocks and contracts in progress | 3 | €55,961 | €53,854 | -€2,107 | -3.8% |
| Stocks | 30/36 | €55,961 | €53,854 | -€2,107 | -3.8% |
| Amounts receivable within one year | 40/41 | €18,540 | €29,665 | +€11,125 | +60.0% |
| Trade receivables | 40 | €11,808 | €29,413 | +€17,605 | +149% |
| Other amounts receivable | 41 | €6,732 | €252 | -€6,480 | -96.3% |
| Cash at bank and in hand | 54/58 | €67,277 | €181,964 | +€114,687 | +170% |
| Deferred charges and accrued income | 490/1 | €2,168 | €2,331 | +€163 | +7.5% |
| Total equity and liabilities | 10/49 | €332,504 | €446,683 | +€114,179 | +34.3% |
| Equity | 10/15 | €108,217 | €122,475 | +€14,258 | +13.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €88,378 | €88,378 | +€0 | 0.0% |
| Non-distributable reserves | 130/1 | €2,418 | €2,418 | +€0 | 0.0% |
| Other | 1319 | €2,418 | €2,418 | +€0 | 0.0% |
| Distributable reserves | 133 | €85,960 | €85,960 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,239 | €15,497 | +€14,258 | +1,151% |
| Amounts payable | 17/49 | €224,287 | €324,208 | +€99,921 | +44.6% |
| Amounts payable after more than one year | 17 | €144,482 | €131,401 | -€13,081 | -9.1% |
| Financial debts | 170/4 | €144,482 | €131,401 | -€13,081 | -9.1% |
| Amounts payable within one year | 42/48 | €56,528 | €128,353 | +€71,825 | +127% |
| Current portion of amounts payable after more than one year | 42 | €13,681 | €14,014 | +€333 | +2.4% |
| Trade debts | 44 | €27,882 | €57,861 | +€29,979 | +108% |
| Suppliers | 440/4 | €27,882 | €57,861 | +€29,979 | +108% |
| Taxes, remuneration and social security | 45 | €4,965 | €16,213 | +€11,248 | +227% |
| Taxes | 450/3 | €1,514 | €10,882 | +€9,368 | +619% |
| Remuneration and social security | 454/9 | €3,451 | €5,331 | +€1,880 | +54.5% |
| Other amounts payable | 47/48 | €10,000 | €40,265 | +€30,265 | +303% |
| Accrued charges and deferred income | 492/3 | €23,278 | €64,454 | +€41,176 | +177% |
| Remuneration, social security and pensions | 62 | €42,763 | €42,532 | -€231 | -0.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,642 | €17,040 | -€2,602 | -13.2% |
| Other operating charges | 640/8 | €2,298 | €2,060 | -€238 | -10.4% |
| Gross operating margin | 9900 | €83,740 | €138,991 | +€55,251 | +66.0% |
| Operating profit (loss) | 9901 | €19,037 | €77,359 | +€58,322 | +306% |
| Financial income | 75/76B | €1 | €3 | +€2 | +341% |
| Recurring financial income | 75 | €1 | €3 | +€2 | +341% |
| Financial charges | 65/66B | €4,808 | €4,538 | -€270 | -5.6% |
| Recurring financial charges | 65 | €4,808 | €4,538 | -€270 | -5.6% |
| Profit (loss) for the period before taxes | 9903 | €14,229 | €72,824 | +€58,595 | +412% |
| Income taxes | 67/77 | €3,479 | €18,566 | +€15,087 | +434% |
| Profit (loss) for the period | 9904 | €10,750 | €54,258 | +€43,508 | +405% |
| Profit (loss) for the period to be appropriated | 9905 | €10,750 | €54,258 | +€43,508 | +405% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.