SPIKES: 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.
SPIKES
Largest movements
- Cash +€316,675
up €316,675 (+79.8%), from €396,686 to €713,361
mainly Other debts (+€538,568) and Net result for the year (+€403,457)
- Receivables within one year -€240,710
down €240,710 (-8.2%), from €2.9m to €2.7m
of which Trade receivables: -€941,970
- Intangible fixed assets +€51,342
up €51,342 (+12.5%), from €409,823 to €461,165
- Other debts +€538,568
up €538,568 (+27992.1%), from €1,924 to €540,492
- Tax, wage and social debts -€235,241
down €235,241 (-28.2%), from €835,226 to €599,985
of which Taxes: -€271,537
- Trade debts -€166,592
down €166,592 (-16.8%), from €990,682 to €824,090
- Gross operating margin -€366,178
down €366,178 (-9.3%), from €3.9m to €3.6m
- Staff costs +€225,870
up €225,870 (+9.0%), from €2.5m to €2.7m
- Taxes -€225,330
down €225,330 (-67.2%), from €335,202 to €109,872
- Financial income -€119,341
down €119,341 (-93.0%), from €128,358 to €9,017
of which Non-recurring financial income: -€121,254
- Depreciation +€53,710
up €53,710 (+26.9%), from €199,478 to €253,188
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 | €4,696,084 | €4,811,467 | +€115,383 | +2.5% |
| Fixed assets | 21/28 | €643,727 | €663,318 | +€19,591 | +3.0% |
| Intangible fixed assets | 21 | €409,823 | €461,165 | +€51,342 | +12.5% |
| Tangible fixed assets | 22/27 | €143,725 | €109,474 | -€34,251 | -23.8% |
| Plant, machinery and equipment | 23 | €44,865 | €36,773 | -€8,092 | -18.0% |
| Furniture and vehicles | 24 | €37,717 | €18,082 | -€19,635 | -52.1% |
| Other tangible fixed assets | 26 | €61,143 | €54,619 | -€6,524 | -10.7% |
| Financial fixed assets | 28 | €90,179 | €92,679 | +€2,500 | +2.8% |
| Current assets | 29/58 | €4,052,357 | €4,148,149 | +€95,792 | +2.4% |
| Amounts receivable within one year | 40/41 | €2,942,864 | €2,702,154 | -€240,710 | -8.2% |
| Trade receivables | 40 | €2,905,989 | €1,964,019 | -€941,970 | -32.4% |
| Other amounts receivable | 41 | €36,875 | €738,135 | +€701,260 | +1901.7% |
| Current investments | 50/53 | €604,117 | €604,117 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €396,686 | €713,361 | +€316,675 | +79.8% |
| Deferred charges and accrued income | 490/1 | €108,690 | €128,517 | +€19,827 | +18.2% |
| Total equity and liabilities | 10/49 | €4,696,084 | €4,811,467 | +€115,383 | +2.5% |
| Equity | 10/15 | €2,652,665 | €2,652,665 | = | 0.0% |
| Contributions | 10/11 | €137,000 | €137,000 | = | 0.0% |
| Capital | 10 | €137,000 | €137,000 | = | 0.0% |
| Issued capital | 100 | €137,000 | €137,000 | = | 0.0% |
| Reserves | 13 | €2,515,665 | €2,515,665 | = | 0.0% |
| Non-distributable reserves | 130/1 | €617,817 | €617,817 | = | 0.0% |
| Legal reserve | 130 | €13,700 | €13,700 | = | 0.0% |
| Own shares acquired | 1312 | €604,117 | €604,117 | = | 0.0% |
| Tax-exempt reserves | 132 | €62,584 | €62,584 | = | 0.0% |
| Distributable reserves | 133 | €1,835,264 | €1,835,264 | = | 0.0% |
| Amounts payable | 17/49 | €2,043,419 | €2,158,802 | +€115,383 | +5.6% |
| Amounts payable within one year | 42/48 | €1,970,040 | €2,077,530 | +€107,490 | +5.5% |
| Trade debts | 44 | €990,682 | €824,090 | -€166,592 | -16.8% |
| Suppliers | 440/4 | €990,682 | €824,090 | -€166,592 | -16.8% |
| Advances received on contracts in progress | 46 | €142,208 | €112,963 | -€29,245 | -20.6% |
| Taxes, remuneration and social security | 45 | €835,226 | €599,985 | -€235,241 | -28.2% |
| Taxes | 450/3 | €508,337 | €236,800 | -€271,537 | -53.4% |
| Remuneration and social security | 454/9 | €326,889 | €363,185 | +€36,296 | +11.1% |
| Other amounts payable | 47/48 | €1,924 | €540,492 | +€538,568 | +27992.1% |
| Accrued charges and deferred income | 492/3 | €73,379 | €81,272 | +€7,893 | +10.8% |
| Non-recurring operating income | 76A | €141,074 | €11,126 | -€129,948 | -92.1% |
| Remuneration, social security and pensions | 62 | €2,496,964 | €2,722,834 | +€225,870 | +9.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €199,478 | €253,188 | +€53,710 | +26.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €14,772 | +€14,772 | |
| Other operating charges | 640/8 | €26,818 | €27,076 | +€258 | +1.0% |
| Non-recurring operating charges | 66A | €72,649 | - | -€72,649 | |
| Gross operating margin | 9900 | €3,930,205 | €3,564,027 | -€366,178 | -9.3% |
| Operating profit (loss) | 9901 | €1,134,296 | €546,157 | -€588,139 | -51.9% |
| Financial income | 75/76B | €128,358 | €9,017 | -€119,341 | -93.0% |
| Recurring financial income | 75 | €7,104 | €9,017 | +€1,913 | +26.9% |
| Non-recurring financial income | 76B | €121,254 | - | -€121,254 | |
| Financial charges | 65/66B | €46,833 | €41,845 | -€4,988 | -10.7% |
| Recurring financial charges | 65 | €46,833 | €41,845 | -€4,988 | -10.7% |
| Profit (loss) for the period before taxes | 9903 | €1,215,821 | €513,329 | -€702,492 | -57.8% |
| Income taxes | 67/77 | €335,202 | €109,872 | -€225,330 | -67.2% |
| Profit (loss) for the period | 9904 | €880,619 | €403,457 | -€477,162 | -54.2% |
| Profit (loss) for the period to be appropriated | 9905 | €880,619 | €403,457 | -€477,162 | -54.2% |
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 10 October 2026 via checked.be.