SPIJS: 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.
SPIJS
Largest movements
- Receivables within one year +€112,644
up €112,644 (+135%), from €83,240 to €195,884
of which Trade receivables: +€95,828
- Cash -€30,325
down €30,325 (-82.3%), from €36,831 to €6,506
mainly Net result for the year (-€123,387) and Receivables within one year (-€112,644)
- Stocks and contracts +€8,303
up €8,303 (+23.1%), from €35,885 to €44,189
- Tangible fixed assets +€8,019
up €8,019 (+57.4%), from €13,982 to €22,000
of which Furniture and vehicles: +€9,955
- Deferred charges and accrued income +€3,376
up €3,376 (+394%), from €857 to €4,233
- Trade debts +€252,639
up €252,639 (+631%), from €40,049 to €292,687
- Profit (loss) carried forward -€123,387
down €123,387 (-775%), from -€15,921 to -€139,308
- Tax, wage and social debts -€17,518
down €17,518 (-59.0%), from €29,678 to €12,160
of which Taxes: -€10,418
- Debts after one year -€9,212
down €9,212 (-11.8%), from €77,885 to €68,673
- Gross operating margin -€79,018
down €79,018 (-55.3%), from €142,946 to €63,928
- Staff costs +€41,206
up €41,206 (+30.4%), from €135,329 to €176,535
- Write-downs -€3,104
down €3,104 (-100%), from €3,104 to €0
- Depreciation +€2,862
up €2,862 (+150%), from €1,903 to €4,765
- Financial charges +€2,214
up €2,214 (+137%), from €1,615 to €3,829
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 | €170,796 | €272,813 | +€102,017 | +59.7% |
| Fixed assets | 21/28 | €13,982 | €22,000 | +€8,019 | +57.4% |
| Tangible fixed assets | 22/27 | €13,982 | €22,000 | +€8,019 | +57.4% |
| Plant, machinery and equipment | 23 | €13,982 | €12,046 | -€1,936 | -13.8% |
| Furniture and vehicles | 24 | - | €9,955 | +€9,955 | |
| Current assets | 29/58 | €156,815 | €250,813 | +€93,998 | +59.9% |
| Stocks and contracts in progress | 3 | €35,885 | €44,189 | +€8,303 | +23.1% |
| Stocks | 30/36 | €35,885 | €44,189 | +€8,303 | +23.1% |
| Amounts receivable within one year | 40/41 | €83,240 | €195,884 | +€112,644 | +135% |
| Trade receivables | 40 | €74,681 | €170,509 | +€95,828 | +128% |
| Other amounts receivable | 41 | €8,560 | €25,375 | +€16,816 | +196% |
| Cash at bank and in hand | 54/58 | €36,831 | €6,506 | -€30,325 | -82.3% |
| Deferred charges and accrued income | 490/1 | €857 | €4,233 | +€3,376 | +394% |
| Total equity and liabilities | 10/49 | €170,796 | €272,813 | +€102,017 | +59.7% |
| Equity | 10/15 | €11,079 | -€112,308 | -€123,387 | |
| Contributions | 10/11 | €27,000 | €27,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€15,921 | -€139,308 | -€123,387 | -775% |
| Amounts payable | 17/49 | €159,717 | €385,121 | +€225,403 | +141% |
| Amounts payable after more than one year | 17 | €77,885 | €68,673 | -€9,212 | -11.8% |
| Financial debts | 170/4 | €77,885 | €68,673 | -€9,212 | -11.8% |
| Amounts payable within one year | 42/48 | €81,832 | €316,448 | +€234,616 | +287% |
| Current portion of amounts payable after more than one year | 42 | €8,809 | €9,212 | +€403 | +4.6% |
| Trade debts | 44 | €40,049 | €292,687 | +€252,639 | +631% |
| Suppliers | 440/4 | €40,049 | €292,687 | +€252,639 | +631% |
| Taxes, remuneration and social security | 45 | €29,678 | €12,160 | -€17,518 | -59.0% |
| Taxes | 450/3 | €14,492 | €4,074 | -€10,418 | -71.9% |
| Remuneration and social security | 454/9 | €15,186 | €8,086 | -€7,100 | -46.8% |
| Other amounts payable | 47/48 | €3,297 | €2,388 | -€909 | -27.6% |
| Remuneration, social security and pensions | 62 | €135,329 | €176,535 | +€41,206 | +30.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,903 | €4,765 | +€2,862 | +150% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €3,104 | €0 | -€3,104 | -100% |
| Other operating charges | 640/8 | €187 | €2,185 | +€1,998 | +1,067% |
| Non-recurring operating charges | 66A | €475 | €0 | -€475 | -100% |
| Gross operating margin | 9900 | €142,946 | €63,928 | -€79,018 | -55.3% |
| Operating profit (loss) | 9901 | €1,946 | -€119,558 | -€121,504 | |
| Financial income | 75/76B | €0 | €0 | +€0 | |
| Recurring financial income | 75 | €0 | €0 | +€0 | |
| Financial charges | 65/66B | €1,615 | €3,829 | +€2,214 | +137% |
| Recurring financial charges | 65 | €1,615 | €3,829 | +€2,214 | +137% |
| Profit (loss) for the period before taxes | 9903 | €332 | -€123,387 | -€123,718 | |
| Profit (loss) for the period | 9904 | €332 | -€123,387 | -€123,718 | |
| Profit (loss) for the period to be appropriated | 9905 | €332 | -€123,387 | -€123,718 |
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 15 October 2026 via checked.be.