Spierpunt: 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.
Spierpunt
Largest movements
- Cash +€63,132
up €63,132 (+88.2%), from €71,597 to €134,730
mainly Net result for the year (+€66,682) and Depreciation (+€6,121)
- Tangible fixed assets -€3,168
down €3,168 (-13.6%), from €23,225 to €20,057
of which Plant, machinery and equipment: -€2,493
- Reserves +€66,682
up €66,682 (+101.2%), from €65,877 to €132,559
- Other debts -€10,986
down €10,986 (-56.3%), from €19,510 to €8,523
- Tax, wage and social debts +€3,627
up €3,627 (+89.9%), from €4,035 to €7,663
- Gross operating margin -€3,192
down €3,192 (-3.3%), from €97,218 to €94,027
- Depreciation -€2,198
down €2,198 (-26.4%), from €8,319 to €6,121
- Other operating charges -€996
down €996 (-49.7%), from €2,005 to €1,009
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 | €98,432 | €158,412 | +€59,980 | +60.9% |
| Fixed assets | 21/28 | €23,225 | €20,057 | -€3,168 | -13.6% |
| Tangible fixed assets | 22/27 | €23,225 | €20,057 | -€3,168 | -13.6% |
| Land and buildings | 22 | €5,907 | €5,232 | -€675 | -11.4% |
| Plant, machinery and equipment | 23 | €17,318 | €14,825 | -€2,493 | -14.4% |
| Current assets | 29/58 | €75,207 | €138,354 | +€63,148 | +84.0% |
| Amounts receivable within one year | 40/41 | €3,117 | €2,403 | -€714 | -22.9% |
| Trade receivables | 40 | €3,117 | €2,403 | -€714 | -22.9% |
| Cash at bank and in hand | 54/58 | €71,597 | €134,730 | +€63,132 | +88.2% |
| Deferred charges and accrued income | 490/1 | €492 | €1,221 | +€729 | +148.1% |
| Total equity and liabilities | 10/49 | €98,432 | €158,412 | +€59,980 | +60.9% |
| Equity | 10/15 | €70,877 | €137,559 | +€66,682 | +94.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €65,877 | €132,559 | +€66,682 | +101.2% |
| Distributable reserves | 133 | €65,877 | €132,559 | +€66,682 | +101.2% |
| Amounts payable | 17/49 | €27,554 | €20,852 | -€6,702 | -24.3% |
| Amounts payable within one year | 42/48 | €25,027 | €18,652 | -€6,375 | -25.5% |
| Trade debts | 44 | €1,483 | €2,466 | +€984 | +66.3% |
| Suppliers | 440/4 | €1,483 | €2,466 | +€984 | +66.3% |
| Taxes, remuneration and social security | 45 | €4,035 | €7,663 | +€3,627 | +89.9% |
| Taxes | 450/3 | €4,035 | €7,663 | +€3,627 | +89.9% |
| Other amounts payable | 47/48 | €19,510 | €8,523 | -€10,986 | -56.3% |
| Accrued charges and deferred income | 492/3 | €2,527 | €2,200 | -€327 | -12.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,319 | €6,121 | -€2,198 | -26.4% |
| Other operating charges | 640/8 | €2,005 | €1,009 | -€996 | -49.7% |
| Gross operating margin | 9900 | €97,218 | €94,027 | -€3,192 | -3.3% |
| Operating profit (loss) | 9901 | €86,894 | €86,897 | +€3 | 0.0% |
| Financial income | 75/76B | €3 | €2 | -€0 | -16.6% |
| Recurring financial income | 75 | €3 | €2 | -€0 | -16.6% |
| Financial charges | 65/66B | €1,984 | €1,589 | -€394 | -19.9% |
| Recurring financial charges | 65 | €1,984 | €1,589 | -€394 | -19.9% |
| Profit (loss) for the period before taxes | 9903 | €84,912 | €85,309 | +€397 | +0.5% |
| Income taxes | 67/77 | €19,035 | €18,627 | -€408 | -2.1% |
| Profit (loss) for the period | 9904 | €65,877 | €66,682 | +€805 | +1.2% |
| Profit (loss) for the period to be appropriated | 9905 | €65,877 | €66,682 | +€805 | +1.2% |
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 6 October 2026 via checked.be.