SPIMAPRE - VEG: 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.
SPIMAPRE - VEG
Largest movements
- Tangible fixed assets -€9,000
down €9,000 (-18.0%), from €49,952 to €40,952
of which Furniture and vehicles: -€8,500
- Receivables within one year +€2,249
up €2,249 (+34.2%), from €6,567 to €8,816
of which Trade receivables: +€1,725
- Cash -€1,166
down €1,166 (-65.7%), from €1,773 to €608
mainly Net result for the year (-€13,927) and Current portion of long-term debt (-€5,575)
- Profit (loss) carried forward -€13,927
down €13,927 (-10.8%), from -€129,231 to -€143,158
- Other debts +€13,298
up €13,298 (+7.7%), from €172,879 to €186,176
- Current portion of long-term debt -€5,575
no longer reported in 2025 (was €5,575)
- Trade debts -€1,697
down €1,697 (-73.0%), from €2,324 to €627
- Gross operating margin +€6,520
up €6,520 (+60.2%), from -€10,839 to -€4,318
- Depreciation -€471
down €471 (-5.0%), from €9,471 to €9,000
- Other operating charges -€208
down €208 (-37.6%), from €553 to €345
- Financial charges -€111
down €111 (-29.6%), from €375 to €264
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 | €59,607 | €51,706 | -€7,902 | -13.3% |
| Fixed assets | 21/28 | €51,267 | €42,282 | -€8,985 | -17.5% |
| Tangible fixed assets | 22/27 | €49,952 | €40,952 | -€9,000 | -18.0% |
| Land and buildings | 22 | €2,946 | €2,446 | -€500 | -17.0% |
| Furniture and vehicles | 24 | €47,005 | €38,505 | -€8,500 | -18.1% |
| Financial fixed assets | 28 | €1,315 | €1,330 | +€15 | +1.1% |
| Current assets | 29/58 | €8,340 | €9,424 | +€1,083 | +13.0% |
| Amounts receivable within one year | 40/41 | €6,567 | €8,816 | +€2,249 | +34.2% |
| Trade receivables | 40 | €6,226 | €7,951 | +€1,725 | +27.7% |
| Other amounts receivable | 41 | €341 | €865 | +€524 | +154% |
| Cash at bank and in hand | 54/58 | €1,773 | €608 | -€1,166 | -65.7% |
| Total equity and liabilities | 10/49 | €59,607 | €51,706 | -€7,902 | -13.3% |
| Equity | 10/15 | -€121,171 | -€135,098 | -€13,927 | -11.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€129,231 | -€143,158 | -€13,927 | -10.8% |
| Amounts payable | 17/49 | €180,778 | €186,804 | +€6,026 | +3.3% |
| Amounts payable within one year | 42/48 | €180,778 | €186,804 | +€6,026 | +3.3% |
| Current portion of amounts payable after more than one year | 42 | €5,575 | - | -€5,575 | |
| Trade debts | 44 | €2,324 | €627 | -€1,697 | -73.0% |
| Suppliers | 440/4 | €2,324 | €627 | -€1,697 | -73.0% |
| Other amounts payable | 47/48 | €172,879 | €186,176 | +€13,298 | +7.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,471 | €9,000 | -€471 | -5.0% |
| Other operating charges | 640/8 | €553 | €345 | -€208 | -37.6% |
| Gross operating margin | 9900 | -€10,839 | -€4,318 | +€6,520 | +60.2% |
| Operating profit (loss) | 9901 | -€20,862 | -€13,663 | +€7,199 | +34.5% |
| Financial charges | 65/66B | €375 | €264 | -€111 | -29.6% |
| Recurring financial charges | 65 | €375 | €264 | -€111 | -29.6% |
| Profit (loss) for the period before taxes | 9903 | -€21,237 | -€13,927 | +€7,310 | +34.4% |
| Profit (loss) for the period | 9904 | -€21,237 | -€13,927 | +€7,310 | +34.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€21,237 | -€13,927 | +€7,310 | +34.4% |
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 19 October 2026 via checked.be.