SPIESSENS: 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.
SPIESSENS
Largest movements
- Receivables within one year +€18,566
up €18,566 (+42.3%), from €43,869 to €62,435
of which Trade receivables: +€28,821
- Intangible fixed assets -€15,770
down €15,770 (-25.0%), from €63,081 to €47,311
- Tangible fixed assets -€4,361
no longer reported in 2025 (was €4,361)
- Cash +€2,275
up €2,275 (+1,670%), from €136 to €2,411
mainly Depreciation (+€20,131) and Trade debts (+€5,318)
- Deferred charges and accrued income -€1,633
down €1,633 (-72.5%), from €2,252 to €619
- Profit (loss) carried forward -€10,986
down €10,986, from €1,719 to -€9,267
- Trade debts +€5,318
up €5,318 (+15.1%), from €35,215 to €40,533
- Debts after one year +€3,702
up €3,702 (+18.8%), from €19,662 to €23,364
- Other debts +€1,789
new in 2025: €1,789
- Other operating charges +€10,364
up €10,364 (+725%), from €1,429 to €11,792
- Write-downs -€6,094
no longer reported in 2025 (was €6,094)
- Financial charges +€4,686
up €4,686 (+675%), from €694 to €5,380
- Depreciation -€2,127
down €2,127 (-9.6%), from €22,258 to €20,131
- Gross operating margin -€616
down €616 (-2.3%), from €27,151 to €26,535
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 | €128,686 | €127,767 | -€919 | -0.7% |
| Fixed assets | 21/28 | €69,929 | €49,802 | -€20,127 | -28.8% |
| Intangible fixed assets | 21 | €63,081 | €47,311 | -€15,770 | -25.0% |
| Tangible fixed assets | 22/27 | €4,361 | - | -€4,361 | |
| Furniture and vehicles | 24 | €4,361 | - | -€4,361 | |
| Financial fixed assets | 28 | €2,487 | €2,491 | +€4 | +0.2% |
| Current assets | 29/58 | €58,757 | €77,965 | +€19,208 | +32.7% |
| Stocks and contracts in progress | 3 | €12,500 | €12,500 | = | 0.0% |
| Stocks | 30/36 | €12,500 | €12,500 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €43,869 | €62,435 | +€18,566 | +42.3% |
| Trade receivables | 40 | €31,600 | €60,421 | +€28,821 | +91.2% |
| Other amounts receivable | 41 | €12,269 | €2,014 | -€10,255 | -83.6% |
| Cash at bank and in hand | 54/58 | €136 | €2,411 | +€2,275 | +1,670% |
| Deferred charges and accrued income | 490/1 | €2,252 | €619 | -€1,633 | -72.5% |
| Total equity and liabilities | 10/49 | €128,686 | €127,767 | -€919 | -0.7% |
| Equity | 10/15 | €56,015 | €45,029 | -€10,986 | -19.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €35,695 | €35,695 | = | 0.0% |
| Distributable reserves | 133 | €35,695 | €35,695 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,719 | -€9,267 | -€10,986 | |
| Amounts payable | 17/49 | €72,671 | €82,739 | +€10,067 | +13.9% |
| Amounts payable after more than one year | 17 | €19,662 | €23,364 | +€3,702 | +18.8% |
| Financial debts | 170/4 | €19,662 | €23,364 | +€3,702 | +18.8% |
| Amounts payable within one year | 42/48 | €53,010 | €59,375 | +€6,365 | +12.0% |
| Current portion of amounts payable after more than one year | 42 | €16,304 | €16,520 | +€215 | +1.3% |
| Trade debts | 44 | €35,215 | €40,533 | +€5,318 | +15.1% |
| Suppliers | 440/4 | €35,215 | €40,533 | +€5,318 | +15.1% |
| Taxes, remuneration and social security | 45 | €1,490 | €533 | -€957 | -64.2% |
| Taxes | 450/3 | €1,490 | €533 | -€957 | -64.2% |
| Other amounts payable | 47/48 | - | €1,789 | +€1,789 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,258 | €20,131 | -€2,127 | -9.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €6,094 | - | -€6,094 | |
| Other operating charges | 640/8 | €1,429 | €11,792 | +€10,364 | +725% |
| Gross operating margin | 9900 | €27,151 | €26,535 | -€616 | -2.3% |
| Operating profit (loss) | 9901 | -€2,629 | -€5,388 | -€2,759 | -105% |
| Financial income | 75/76B | €115 | €8 | -€107 | -92.9% |
| Recurring financial income | 75 | €115 | €8 | -€107 | -92.9% |
| Financial charges | 65/66B | €694 | €5,380 | +€4,686 | +675% |
| Recurring financial charges | 65 | €694 | €5,380 | +€4,686 | +675% |
| Profit (loss) for the period before taxes | 9903 | -€3,208 | -€10,760 | -€7,552 | -235% |
| Income taxes | 67/77 | €536 | €226 | -€310 | -57.9% |
| Profit (loss) for the period | 9904 | -€3,745 | -€10,986 | -€7,241 | -193% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,745 | -€10,986 | -€7,241 | -193% |
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 17 October 2026 via checked.be.