SPIDER TELECOMS: 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.
SPIDER TELECOMS
Largest movements
- Cash +€40,570
up €40,570 (+11.5%), from €353,363 to €393,934
mainly Net result for the year (+€57,408) and Depreciation (+€583)
- Receivables within one year +€13,894
up €13,894 (+100%), from €13,880 to €27,774
of which Trade receivables: +€11,689
- Reserves +€57,300
up €57,300 (+17.2%), from €333,616 to €390,916
of which Distributable reserves: +€57,300
- Gross operating margin -€3,248
down €3,248 (-3.9%), from €83,433 to €80,185
- Taxes -€934
down €934 (-4.1%), from €22,518 to €21,583
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €367,918 | €423,931 | +€56,012 | +15.2% |
| Fixed assets | 21/28 | €420 | €2,010 | +€1,590 | +378% |
| Tangible fixed assets | 22/27 | €420 | €2,010 | +€1,590 | +378% |
| Furniture and vehicles | 24 | €420 | €2,010 | +€1,590 | +378% |
| Current assets | 29/58 | €367,498 | €421,921 | +€54,423 | +14.8% |
| Amounts receivable within one year | 40/41 | €13,880 | €27,774 | +€13,894 | +100% |
| Trade receivables | 40 | €13,880 | €25,569 | +€11,689 | +84.2% |
| Other amounts receivable | 41 | - | €2,205 | +€2,205 | |
| Cash at bank and in hand | 54/58 | €353,363 | €393,934 | +€40,570 | +11.5% |
| Deferred charges and accrued income | 490/1 | €254 | €213 | -€41 | -16.1% |
| Total equity and liabilities | 10/49 | €367,918 | €423,931 | +€56,012 | +15.2% |
| Equity | 10/15 | €352,887 | €410,295 | +€57,408 | +16.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €333,616 | €390,916 | +€57,300 | +17.2% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €331,756 | €389,056 | +€57,300 | +17.3% |
| Profit (loss) carried forward | 14 | €671 | €779 | +€108 | +16.2% |
| Amounts payable | 17/49 | €15,032 | €13,636 | -€1,396 | -9.3% |
| Amounts payable within one year | 42/48 | €14,966 | €13,569 | -€1,397 | -9.3% |
| Trade debts | 44 | €119 | €663 | +€544 | +456% |
| Suppliers | 440/4 | €119 | €663 | +€544 | +456% |
| Taxes, remuneration and social security | 45 | €14,320 | €12,905 | -€1,415 | -9.9% |
| Taxes | 450/3 | €14,320 | €12,905 | -€1,415 | -9.9% |
| Other amounts payable | 47/48 | €526 | €0 | -€526 | -100% |
| Accrued charges and deferred income | 492/3 | €66 | €67 | +€1 | +2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €450 | €583 | +€133 | +29.6% |
| Other operating charges | 640/8 | €502 | €494 | -€8 | -1.5% |
| Gross operating margin | 9900 | €83,433 | €80,185 | -€3,248 | -3.9% |
| Operating profit (loss) | 9901 | €82,481 | €79,108 | -€3,374 | -4.1% |
| Financial charges | 65/66B | €165 | €116 | -€49 | -29.9% |
| Recurring financial charges | 65 | €165 | €116 | -€49 | -29.9% |
| Profit (loss) for the period before taxes | 9903 | €82,316 | €78,992 | -€3,324 | -4.0% |
| Income taxes | 67/77 | €22,518 | €21,583 | -€934 | -4.1% |
| Profit (loss) for the period | 9904 | €59,798 | €57,408 | -€2,390 | -4.0% |
| Profit (loss) for the period to be appropriated | 9905 | €59,798 | €57,408 | -€2,390 | -4.0% |
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 20 October 2026 via checked.be.