SPIKE COMMUNICATIONS: 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.
SPIKE COMMUNICATIONS
Largest movements
- Cash -€78,166
down €78,166 (-73.5%), from €106,369 to €28,203
mainly Investment in fixed assets (net) (-€116,972) and Trade debts (-€51,048)
- Receivables within one year -€71,146
down €71,146 (-18.1%), from €392,649 to €321,504
of which Trade receivables: -€57,745
- Tangible fixed assets +€66,769
up €66,769 (+55.7%), from €119,943 to €186,712
of which Other tangible fixed assets: +€72,348
- Profit (loss) carried forward +€53,494
up €53,494 (+19.3%), from €276,520 to €330,014
- Trade debts -€51,048
down €51,048 (-42.4%), from €120,388 to €69,340
- Advances received -€30,239
down €30,239 (-27.5%), from €110,032 to €79,794
- Debts after one year -€18,103
down €18,103 (-33.9%), from €53,460 to €35,358
- Tax, wage and social debts -€17,969
down €17,969 (-28.0%), from €64,214 to €46,245
of which Remuneration and social security: -€14,209
- Staff costs -€58,655
down €58,655 (-29.1%), from €201,613 to €142,959
- Taxes +€16,824
up €16,824 (+306%), from €5,501 to €22,324
- Other operating charges -€11,952
down €11,952 (-80.5%), from €14,848 to €2,896
- Depreciation +€6,125
up €6,125 (+13.8%), from €44,323 to €50,448
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 | €951,999 | €867,380 | -€84,619 | -8.9% |
| Fixed assets | 21/28 | €120,188 | €186,712 | +€66,524 | +55.4% |
| Tangible fixed assets | 22/27 | €119,943 | €186,712 | +€66,769 | +55.7% |
| Furniture and vehicles | 24 | €15,905 | €10,326 | -€5,579 | -35.1% |
| Other tangible fixed assets | 26 | €104,037 | €176,385 | +€72,348 | +69.5% |
| Financial fixed assets | 28 | €245 | - | -€245 | |
| Current assets | 29/58 | €831,812 | €680,668 | -€151,144 | -18.2% |
| Amounts receivable within one year | 40/41 | €392,649 | €321,504 | -€71,146 | -18.1% |
| Trade receivables | 40 | €379,249 | €321,504 | -€57,745 | -15.2% |
| Other amounts receivable | 41 | €13,401 | - | -€13,401 | |
| Current investments | 50/53 | €325,810 | €329,403 | +€3,594 | +1.1% |
| Cash at bank and in hand | 54/58 | €106,369 | €28,203 | -€78,166 | -73.5% |
| Deferred charges and accrued income | 490/1 | €6,984 | €1,558 | -€5,426 | -77.7% |
| Total equity and liabilities | 10/49 | €951,999 | €867,380 | -€84,619 | -8.9% |
| Equity | 10/15 | €546,972 | €600,466 | +€53,494 | +9.8% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €251,859 | €251,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €251,859 | €251,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Own shares acquired | 1312 | €250,000 | €250,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €276,520 | €330,014 | +€53,494 | +19.3% |
| Amounts payable | 17/49 | €405,028 | €266,914 | -€138,113 | -34.1% |
| Amounts payable after more than one year | 17 | €53,460 | €35,358 | -€18,103 | -33.9% |
| Financial debts | 170/4 | €53,460 | €35,358 | -€18,103 | -33.9% |
| Amounts payable within one year | 42/48 | €348,125 | €231,557 | -€116,568 | -33.5% |
| Current portion of amounts payable after more than one year | 42 | €19,590 | €18,103 | -€1,487 | -7.6% |
| Trade debts | 44 | €120,388 | €69,340 | -€51,048 | -42.4% |
| Suppliers | 440/4 | €120,388 | €69,340 | -€51,048 | -42.4% |
| Advances received on contracts in progress | 46 | €110,032 | €79,794 | -€30,239 | -27.5% |
| Taxes, remuneration and social security | 45 | €64,214 | €46,245 | -€17,969 | -28.0% |
| Taxes | 450/3 | €33,811 | €30,052 | -€3,760 | -11.1% |
| Remuneration and social security | 454/9 | €30,403 | €16,194 | -€14,209 | -46.7% |
| Other amounts payable | 47/48 | €33,900 | €18,075 | -€15,825 | -46.7% |
| Accrued charges and deferred income | 492/3 | €3,443 | - | -€3,443 | |
| Remuneration, social security and pensions | 62 | €201,613 | €142,959 | -€58,655 | -29.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,323 | €50,448 | +€6,125 | +13.8% |
| Other operating charges | 640/8 | €14,848 | €2,896 | -€11,952 | -80.5% |
| Gross operating margin | 9900 | €275,650 | €273,943 | -€1,707 | -0.6% |
| Operating profit (loss) | 9901 | €14,866 | €77,640 | +€62,775 | +422% |
| Financial income | 75/76B | €1,255 | €732 | -€524 | -41.7% |
| Recurring financial income | 75 | €1,255 | €732 | -€524 | -41.7% |
| Financial charges | 65/66B | €3,758 | €2,554 | -€1,205 | -32.1% |
| Recurring financial charges | 65 | €3,758 | €2,554 | -€1,205 | -32.1% |
| Profit (loss) for the period before taxes | 9903 | €12,363 | €75,818 | +€63,456 | +513% |
| Income taxes | 67/77 | €5,501 | €22,324 | +€16,824 | +306% |
| Profit (loss) for the period | 9904 | €6,862 | €53,494 | +€46,632 | +680% |
| Profit (loss) for the period to be appropriated | 9905 | €6,862 | €53,494 | +€46,632 | +680% |
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 16 October 2026 via checked.be.