SPIJKERSCRIPT: 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.
SPIJKERSCRIPT
Largest movements
- Current investments -€120,000
down €120,000 (-66.9%), from €179,306 to €59,306
- Cash +€89,272
up €89,272 (+56.9%), from €156,929 to €246,201
mainly Current investments (+€120,000) and Net result for the year (+€50,652)
- Tangible fixed assets +€60,507
up €60,507 (+404.8%), from €14,946 to €75,452
of which Land and buildings: +€69,829
- Receivables after one year -€38,420
down €38,420 (-17.4%), from €220,639 to €182,220
- Receivables within one year +€11,087
up €11,087 (+211.7%), from €5,238 to €16,325
of which Trade receivables: +€12,221
- Reserves +€10,210
up €10,210 (+2.3%), from €439,685 to €449,895
- Other debts -€7,224
down €7,224 (-55.5%), from €13,018 to €5,794
- Gross operating margin +€30,470
up €30,470 (+54.2%), from €56,176 to €86,645
- Taxes +€8,976
up €8,976 (+50.4%), from €17,807 to €26,782
- Depreciation +€5,325
up €5,325 (+69.8%), from €7,629 to €12,954
- Financial income +€2,216
up €2,216 (+59.5%), from €3,722 to €5,938
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 | €584,418 | €580,570 | -€3,848 | -0.7% |
| Fixed assets | 21/28 | €14,946 | €75,452 | +€60,507 | +404.8% |
| Tangible fixed assets | 22/27 | €14,946 | €75,452 | +€60,507 | +404.8% |
| Land and buildings | 22 | €933 | €70,762 | +€69,829 | +7484.6% |
| Furniture and vehicles | 24 | €14,013 | €4,691 | -€9,322 | -66.5% |
| Current assets | 29/58 | €569,472 | €505,117 | -€64,355 | -11.3% |
| Amounts receivable after more than one year | 29 | €220,639 | €182,220 | -€38,420 | -17.4% |
| Trade receivables | 290 | €220,639 | €182,220 | -€38,420 | -17.4% |
| Amounts receivable within one year | 40/41 | €5,238 | €16,325 | +€11,087 | +211.7% |
| Trade receivables | 40 | €3,025 | €15,246 | +€12,221 | +404.0% |
| Other amounts receivable | 41 | €2,213 | €1,079 | -€1,134 | -51.2% |
| Current investments | 50/53 | €179,306 | €59,306 | -€120,000 | -66.9% |
| Cash at bank and in hand | 54/58 | €156,929 | €246,201 | +€89,272 | +56.9% |
| Deferred charges and accrued income | 490/1 | €7,360 | €1,065 | -€6,295 | -85.5% |
| Total equity and liabilities | 10/49 | €584,418 | €580,570 | -€3,848 | -0.7% |
| Equity | 10/15 | €556,098 | €566,308 | +€10,210 | +1.8% |
| Contributions | 10/11 | €114,504 | €114,504 | = | 0.0% |
| Reserves | 13 | €439,685 | €449,895 | +€10,210 | +2.3% |
| Distributable reserves | 133 | €439,685 | €449,895 | +€10,210 | +2.3% |
| Profit (loss) carried forward | 14 | €1,909 | €1,909 | = | 0.0% |
| Amounts payable | 17/49 | €28,320 | €14,262 | -€14,058 | -49.6% |
| Amounts payable within one year | 42/48 | €28,320 | €14,262 | -€14,058 | -49.6% |
| Trade debts | 44 | €1,548 | - | -€1,548 | |
| Suppliers | 440/4 | €1,548 | - | -€1,548 | |
| Taxes, remuneration and social security | 45 | €13,754 | €8,467 | -€5,286 | -38.4% |
| Taxes | 450/3 | €13,754 | €8,467 | -€5,286 | -38.4% |
| Other amounts payable | 47/48 | €13,018 | €5,794 | -€7,224 | -55.5% |
| Non-recurring operating income | 76A | €1,474 | - | -€1,474 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,629 | €12,954 | +€5,325 | +69.8% |
| Other operating charges | 640/8 | €2,059 | €1,690 | -€369 | -17.9% |
| Gross operating margin | 9900 | €56,176 | €86,645 | +€30,470 | +54.2% |
| Operating profit (loss) | 9901 | €46,488 | €72,002 | +€25,514 | +54.9% |
| Financial income | 75/76B | €3,722 | €5,938 | +€2,216 | +59.5% |
| Recurring financial income | 75 | €3,722 | €5,938 | +€2,216 | +59.5% |
| Financial charges | 65/66B | €541 | €506 | -€36 | -6.6% |
| Recurring financial charges | 65 | €541 | €506 | -€36 | -6.6% |
| Profit (loss) for the period before taxes | 9903 | €49,668 | €77,434 | +€27,766 | +55.9% |
| Income taxes | 67/77 | €17,807 | €26,782 | +€8,976 | +50.4% |
| Profit (loss) for the period | 9904 | €31,861 | €50,652 | +€18,790 | +59.0% |
| Profit (loss) for the period to be appropriated | 9905 | €31,861 | €50,652 | +€18,790 | +59.0% |
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 11 October 2026 via checked.be.