SPIDER-PROJECTS: 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.
SPIDER-PROJECTS
Largest movements
- Cash +€31,855
up €31,855 (+22.5%), from €141,884 to €173,740
mainly Net result for the year (+€75,093) and Depreciation (+€16,093)
- Tangible fixed assets -€13,013
down €13,013 (-16.1%), from €80,762 to €67,750
of which Furniture and vehicles: -€12,333
- Receivables within one year -€7,875
down €7,875 (-19.5%), from €40,414 to €32,539
- Other debts +€9,801
up €9,801 (+37.4%), from €26,234 to €36,035
- Reserves -€8,391
down €8,391 (-3.9%), from €212,578 to €204,187
- Tax, wage and social debts +€7,977
up €7,977 (+76.7%), from €10,399 to €18,376
- Depreciation +€8,426
up €8,426 (+109.9%), from €7,667 to €16,093
- Gross operating margin +€3,605
up €3,605 (+3.1%), from €117,993 to €121,597
- Other operating charges -€1,565
down €1,565 (-61.9%), from €2,528 to €963
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 | €266,122 | €275,426 | +€9,304 | +3.5% |
| Fixed assets | 21/28 | €80,762 | €67,750 | -€13,013 | -16.1% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €80,762 | €67,750 | -€13,013 | -16.1% |
| Plant, machinery and equipment | 23 | €1,988 | €1,563 | -€425 | -21.4% |
| Furniture and vehicles | 24 | €56,307 | €43,974 | -€12,333 | -21.9% |
| Other tangible fixed assets | 26 | €22,468 | €22,214 | -€254 | -1.1% |
| Current assets | 29/58 | €185,360 | €207,676 | +€22,316 | +12.0% |
| Amounts receivable within one year | 40/41 | €40,414 | €32,539 | -€7,875 | -19.5% |
| Trade receivables | 40 | €40,414 | €32,539 | -€7,875 | -19.5% |
| Cash at bank and in hand | 54/58 | €141,884 | €173,740 | +€31,855 | +22.5% |
| Deferred charges and accrued income | 490/1 | €3,062 | €1,398 | -€1,664 | -54.3% |
| Total equity and liabilities | 10/49 | €266,122 | €275,426 | +€9,304 | +3.5% |
| Equity | 10/15 | €228,778 | €220,387 | -€8,391 | -3.7% |
| Contributions | 10/11 | €16,200 | €16,200 | = | 0.0% |
| Reserves | 13 | €212,578 | €204,187 | -€8,391 | -3.9% |
| Distributable reserves | 133 | €212,578 | €204,187 | -€8,391 | -3.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €37,344 | €55,039 | +€17,695 | +47.4% |
| Amounts payable within one year | 42/48 | €37,344 | €55,039 | +€17,695 | +47.4% |
| Financial debts | 43 | €0 | - | = | |
| Other loans | 439 | €0 | - | = | |
| Trade debts | 44 | €711 | €628 | -€83 | -11.7% |
| Suppliers | 440/4 | €711 | €628 | -€83 | -11.7% |
| Taxes, remuneration and social security | 45 | €10,399 | €18,376 | +€7,977 | +76.7% |
| Taxes | 450/3 | €10,399 | €18,376 | +€7,977 | +76.7% |
| Other amounts payable | 47/48 | €26,234 | €36,035 | +€9,801 | +37.4% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,667 | €16,093 | +€8,426 | +109.9% |
| Other operating charges | 640/8 | €2,528 | €963 | -€1,565 | -61.9% |
| Gross operating margin | 9900 | €117,993 | €121,597 | +€3,605 | +3.1% |
| Operating profit (loss) | 9901 | €107,798 | €104,542 | -€3,256 | -3.0% |
| Financial income | 75/76B | €2 | €0 | -€2 | -99.2% |
| Recurring financial income | 75 | €2 | €0 | -€2 | -99.2% |
| Financial charges | 65/66B | €259 | €186 | -€73 | -28.2% |
| Recurring financial charges | 65 | €259 | €186 | -€73 | -28.2% |
| Profit (loss) for the period before taxes | 9903 | €107,541 | €104,356 | -€3,185 | -3.0% |
| Income taxes | 67/77 | €30,397 | €29,263 | -€1,134 | -3.7% |
| Profit (loss) for the period | 9904 | €77,144 | €75,093 | -€2,051 | -2.7% |
| Profit (loss) for the period to be appropriated | 9905 | €77,144 | €75,093 | -€2,051 | -2.7% |
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 8 October 2026 via checked.be.