SPIES: what changed
SPIES
Largest movements
- Tangible fixed assets +€29,672
up €29,672 (+113%), from €26,280 to €55,951
of which Furniture and vehicles: +€34,364
- Cash +€13,458
up €13,458 (+250%), from €5,381 to €18,839
mainly Debts after one year (+€15,361) and Stocks and contracts (+€10,850)
- Stocks and contracts -€10,850
down €10,850 (-86.8%), from €12,500 to €1,650
of which Contracts in progress: -€10,500
- Receivables within one year -€3,487
down €3,487 (-54.1%), from €6,444 to €2,957
of which Other amounts receivable: -€2,458
- Debts after one year +€15,361
up €15,361, from €0 to €15,361
- Reserves +€4,707
up €4,707 (+21.9%), from €21,516 to €26,223
of which Distributable reserves: +€4,707
- Other debts +€3,776
up €3,776 (+38.4%), from €9,835 to €13,611
- Current portion of long-term debt +€2,932
up €2,932 (+368%), from €797 to €3,729
- Tax, wage and social debts +€1,848
up €1,848 (+1,938%), from €95 to €1,943
- Gross operating margin +€11,174
up €11,174 (+300%), from €3,726 to €14,900
- Taxes +€1,868
up €1,868, from €0 to €1,868
- Depreciation +€1,826
up €1,826 (+32.6%), from €5,606 to €7,432
- Financial charges +€1,268
up €1,268, from -€107 to €1,161
- Financial income -€434
down €434 (-31.6%), from €1,377 to €942
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €50,759 | €79,864 | +€29,104 | +57.3% |
| Fixed assets | 21/28 | €26,280 | €55,951 | +€29,672 | +113% |
| Tangible fixed assets | 22/27 | €26,280 | €55,951 | +€29,672 | +113% |
| Land and buildings | 22 | €25,513 | €20,821 | -€4,692 | -18.4% |
| Furniture and vehicles | 24 | €766 | €35,130 | +€34,364 | +4,484% |
| Current assets | 29/58 | €24,480 | €23,913 | -€567 | -2.3% |
| Stocks and contracts in progress | 3 | €12,500 | €1,650 | -€10,850 | -86.8% |
| Stocks | 30/36 | €2,000 | €1,650 | -€350 | -17.5% |
| Contracts in progress | 37 | €10,500 | €0 | -€10,500 | -100% |
| Amounts receivable within one year | 40/41 | €6,444 | €2,957 | -€3,487 | -54.1% |
| Trade receivables | 40 | €1,029 | €0 | -€1,029 | -100% |
| Other amounts receivable | 41 | €5,415 | €2,957 | -€2,458 | -45.4% |
| Cash at bank and in hand | 54/58 | €5,381 | €18,839 | +€13,458 | +250% |
| Deferred charges and accrued income | 490/1 | €154 | €466 | +€312 | +202% |
| Total equity and liabilities | 10/49 | €50,759 | €79,864 | +€29,104 | +57.3% |
| Equity | 10/15 | €33,916 | €38,623 | +€4,707 | +13.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €21,516 | €26,223 | +€4,707 | +21.9% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €21,516 | €26,223 | +€4,707 | +21.9% |
| Amounts payable | 17/49 | €16,843 | €41,241 | +€24,397 | +145% |
| Amounts payable after more than one year | 17 | €0 | €15,361 | +€15,361 | |
| Financial debts | 170/4 | €0 | €15,361 | +€15,361 | |
| Amounts payable within one year | 42/48 | €16,843 | €25,879 | +€9,036 | +53.6% |
| Current portion of amounts payable after more than one year | 42 | €797 | €3,729 | +€2,932 | +368% |
| Trade debts | 44 | €6,116 | €6,596 | +€480 | +7.9% |
| Suppliers | 440/4 | €6,116 | €6,596 | +€480 | +7.9% |
| Taxes, remuneration and social security | 45 | €95 | €1,943 | +€1,848 | +1,938% |
| Taxes | 450/3 | €95 | €1,943 | +€1,848 | +1,938% |
| Other amounts payable | 47/48 | €9,835 | €13,611 | +€3,776 | +38.4% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | - | €1,653 | +€1,653 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,606 | €7,432 | +€1,826 | +32.6% |
| Other operating charges | 640/8 | €623 | €675 | +€51 | +8.2% |
| Gross operating margin | 9900 | €3,726 | €14,900 | +€11,174 | +300% |
| Operating profit (loss) | 9901 | -€2,502 | €6,794 | +€9,296 | |
| Financial income | 75/76B | €1,377 | €942 | -€434 | -31.6% |
| Recurring financial income | 75 | €1,377 | €942 | -€434 | -31.6% |
| Financial charges | 65/66B | -€107 | €1,161 | +€1,268 | |
| Recurring financial charges | 65 | -€107 | €1,161 | +€1,268 | |
| Profit (loss) for the period before taxes | 9903 | -€1,018 | €6,575 | +€7,594 | |
| Income taxes | 67/77 | €0 | €1,868 | +€1,868 | |
| Profit (loss) for the period | 9904 | -€1,018 | €4,707 | +€5,725 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,018 | €4,707 | +€5,725 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.