SPIDERS: 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.
SPIDERS
Largest movements
- Receivables within one year +€40,358
up €40,358 (+29.1%), from €138,672 to €179,030
of which Other amounts receivable: +€58,508
- Reserves +€36,626
up €36,626 (+11.4%), from €321,959 to €358,585
- Gross operating margin -€34,742
down €34,742 (-44.1%), from €78,724 to €43,982
- Financial income +€25,469
up €25,469 (+621191.5%), from €4 to €25,473
- Financial charges +€6,896
up €6,896 (+639.7%), from €1,078 to €7,974
- Taxes -€6,070
down €6,070 (-26.5%), from €22,944 to €16,873
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 | €2,464,135 | €2,498,928 | +€34,793 | +1.4% |
| Fixed assets | 21/28 | €2,313,478 | €2,309,973 | -€3,505 | -0.2% |
| Tangible fixed assets | 22/27 | €59,210 | €55,705 | -€3,505 | -5.9% |
| Land and buildings | 22 | €59,210 | €55,705 | -€3,505 | -5.9% |
| Financial fixed assets | 28 | €2,254,269 | €2,254,269 | = | 0.0% |
| Current assets | 29/58 | €150,657 | €188,954 | +€38,298 | +25.4% |
| Amounts receivable within one year | 40/41 | €138,672 | €179,030 | +€40,358 | +29.1% |
| Trade receivables | 40 | €18,150 | €0 | -€18,150 | -100.0% |
| Other amounts receivable | 41 | €120,522 | €179,030 | +€58,508 | +48.5% |
| Cash at bank and in hand | 54/58 | €11,985 | €9,924 | -€2,060 | -17.2% |
| Total equity and liabilities | 10/49 | €2,464,135 | €2,498,928 | +€34,793 | +1.4% |
| Equity | 10/15 | €2,422,959 | €2,459,585 | +€36,626 | +1.5% |
| Contributions | 10/11 | €2,101,000 | €2,101,000 | = | 0.0% |
| Reserves | 13 | €321,959 | €358,585 | +€36,626 | +11.4% |
| Distributable reserves | 133 | €321,959 | €358,585 | +€36,626 | +11.4% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €41,176 | €39,343 | -€1,833 | -4.5% |
| Amounts payable within one year | 42/48 | €41,069 | €39,012 | -€2,057 | -5.0% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €222 | €840 | +€619 | +278.7% |
| Suppliers | 440/4 | €222 | €840 | +€619 | +278.7% |
| Taxes, remuneration and social security | 45 | €23,682 | €22,553 | -€1,129 | -4.8% |
| Taxes | 450/3 | €23,682 | €22,553 | -€1,129 | -4.8% |
| Other amounts payable | 47/48 | €17,166 | €15,619 | -€1,547 | -9.0% |
| Accrued charges and deferred income | 492/3 | €107 | €331 | +€224 | +209.9% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,505 | €3,505 | = | 0.0% |
| Other operating charges | 640/8 | €4,159 | €4,477 | +€318 | +7.7% |
| Gross operating margin | 9900 | €78,724 | €43,982 | -€34,742 | -44.1% |
| Operating profit (loss) | 9901 | €71,060 | €36,000 | -€35,060 | -49.3% |
| Financial income | 75/76B | €4 | €25,473 | +€25,469 | +621191.5% |
| Recurring financial income | 75 | €4 | €25,473 | +€25,469 | +621191.5% |
| Financial charges | 65/66B | €1,078 | €7,974 | +€6,896 | +639.7% |
| Recurring financial charges | 65 | €1,078 | €7,974 | +€6,896 | +639.7% |
| Profit (loss) for the period before taxes | 9903 | €69,986 | €53,499 | -€16,487 | -23.6% |
| Income taxes | 67/77 | €22,944 | €16,873 | -€6,070 | -26.5% |
| Profit (loss) for the period | 9904 | €47,043 | €36,626 | -€10,417 | -22.1% |
| Profit (loss) for the period to be appropriated | 9905 | €47,043 | €36,626 | -€10,417 | -22.1% |
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 5 October 2026 via checked.be.