SPIT'UP: 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.
SPIT'UP
Largest movements
- Tangible fixed assets +€55,144
up €55,144 (+12.3%), from €447,212 to €502,356
of which Land and buildings: +€45,545
- Receivables within one year +€18,120
up €18,120 (+15.2%), from €119,124 to €137,244
of which Trade receivables: +€19,137
- Cash -€15,804
down €15,804 (-7.4%), from €213,816 to €198,012
mainly Contributions, distributions and other (-€150,000) and Investment in fixed assets (net) (-€89,744)
- Profit (loss) carried forward -€149,522
down €149,522 (-63.7%), from €234,710 to €85,188
- Reserves +€124,000
new in 2025: €124,000
- Tax, wage and social debts +€68,612
up €68,612 (+36.9%), from €185,722 to €254,334
of which Taxes: +€49,196
- Debts after one year +€12,278
up €12,278 (+4.2%), from €292,837 to €305,115
- Accrued charges and deferred income +€9,126
up €9,126 (+2,282%), from €400 to €9,526
- Gross operating margin +€150,122
up €150,122 (+20.3%), from €738,541 to €888,663
- Staff costs +€104,216
up €104,216 (+19.2%), from €541,984 to €646,200
- Taxes +€20,833
up €20,833 (+52.5%), from €39,656 to €60,489
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 | €798,210 | €848,972 | +€50,762 | +6.4% |
| Fixed assets | 21/28 | €452,212 | €507,356 | +€55,144 | +12.2% |
| Tangible fixed assets | 22/27 | €447,212 | €502,356 | +€55,144 | +12.3% |
| Land and buildings | 22 | €443,501 | €489,046 | +€45,545 | +10.3% |
| Furniture and vehicles | 24 | €3,711 | €13,310 | +€9,599 | +259% |
| Financial fixed assets | 28 | €5,000 | €5,000 | = | 0.0% |
| Current assets | 29/58 | €345,998 | €341,616 | -€4,382 | -1.3% |
| Amounts receivable within one year | 40/41 | €119,124 | €137,244 | +€18,120 | +15.2% |
| Trade receivables | 40 | €113,108 | €132,245 | +€19,137 | +16.9% |
| Other amounts receivable | 41 | €6,016 | €4,999 | -€1,017 | -16.9% |
| Cash at bank and in hand | 54/58 | €213,816 | €198,012 | -€15,804 | -7.4% |
| Deferred charges and accrued income | 490/1 | €13,058 | €6,360 | -€6,698 | -51.3% |
| Total equity and liabilities | 10/49 | €798,210 | €848,972 | +€50,762 | +6.4% |
| Equity | 10/15 | €253,260 | €227,738 | -€25,522 | -10.1% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | - | €124,000 | +€124,000 | |
| Distributable reserves | 133 | - | €124,000 | +€124,000 | |
| Profit (loss) carried forward | 14 | €234,710 | €85,188 | -€149,522 | -63.7% |
| Amounts payable | 17/49 | €544,950 | €621,234 | +€76,284 | +14.0% |
| Amounts payable after more than one year | 17 | €292,837 | €305,115 | +€12,278 | +4.2% |
| Financial debts | 170/4 | €292,837 | €305,115 | +€12,278 | +4.2% |
| Amounts payable within one year | 42/48 | €251,713 | €306,593 | +€54,880 | +21.8% |
| Current portion of amounts payable after more than one year | 42 | €37,696 | €35,629 | -€2,067 | -5.5% |
| Trade debts | 44 | €21,291 | €16,630 | -€4,661 | -21.9% |
| Suppliers | 440/4 | €21,291 | €16,630 | -€4,661 | -21.9% |
| Taxes, remuneration and social security | 45 | €185,722 | €254,334 | +€68,612 | +36.9% |
| Taxes | 450/3 | €101,476 | €150,672 | +€49,196 | +48.5% |
| Remuneration and social security | 454/9 | €84,246 | €103,662 | +€19,416 | +23.0% |
| Other amounts payable | 47/48 | €7,004 | - | -€7,004 | |
| Accrued charges and deferred income | 492/3 | €400 | €9,526 | +€9,126 | +2,282% |
| Remuneration, social security and pensions | 62 | €541,984 | €646,200 | +€104,216 | +19.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,834 | €34,600 | +€4,766 | +16.0% |
| Other operating charges | 640/8 | €8,394 | €7,611 | -€783 | -9.3% |
| Gross operating margin | 9900 | €738,541 | €888,663 | +€150,122 | +20.3% |
| Operating profit (loss) | 9901 | €158,329 | €200,252 | +€41,923 | +26.5% |
| Financial income | 75/76B | €1,010 | €1,152 | +€142 | +14.1% |
| Recurring financial income | 75 | €1,010 | €1,152 | +€142 | +14.1% |
| Financial charges | 65/66B | €18,192 | €16,437 | -€1,755 | -9.6% |
| Recurring financial charges | 65 | €18,192 | €16,437 | -€1,755 | -9.6% |
| Profit (loss) for the period before taxes | 9903 | €141,147 | €184,967 | +€43,820 | +31.0% |
| Income taxes | 67/77 | €39,656 | €60,489 | +€20,833 | +52.5% |
| Profit (loss) for the period | 9904 | €101,491 | €124,478 | +€22,987 | +22.6% |
| Profit (loss) for the period to be appropriated | 9905 | €101,491 | €124,478 | +€22,987 | +22.6% |
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 24 October 2026 via checked.be.