SPITSUUR: what changed
Two fiscal 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.
SPITSUUR
Largest movements
- Receivables after one year +€51,748
up €51,748 (+258.7%), from €20,000 to €71,748
- Receivables within one year +€24,808
up €24,808 (+78.3%), from €31,698 to €56,506
of which Trade receivables: +€27,618
- Tangible fixed assets -€6,558
down €6,558 (-32.2%), from €20,390 to €13,832
of which Plant, machinery and equipment: -€9,881
- Cash -€4,365
down €4,365 (-5.8%), from €75,559 to €71,194
mainly Receivables after one year (-€51,748) and Contributions, distributions and other (-€29,357)
- Other debts +€54,304
up €54,304 (+103004.4%), from €53 to €54,357
- Reserves +€21,836
up €21,836 (+23.5%), from €92,825 to €114,661
- Accrued charges and deferred income -€20,205
down €20,205 (-66.0%), from €30,608 to €10,403
- Tax, wage and social debts +€9,851
up €9,851 (+69.8%), from €14,112 to €23,963
- Gross operating margin +€33,775
up €33,775 (+70.0%), from €48,277 to €82,051
- Taxes +€8,286
up €8,286 (+73.7%), from €11,243 to €19,529
- Depreciation +€6,520
up €6,520 (+156.3%), from €4,170 to €10,690
- Other operating charges -€3,835
down €3,835 (-96.8%), from €3,960 to €125
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 | €158,846 | €224,535 | +€65,689 | +41.4% |
| Fixed assets | 21/28 | €31,390 | €24,832 | -€6,558 | -20.9% |
| Tangible fixed assets | 22/27 | €20,390 | €13,832 | -€6,558 | -32.2% |
| Plant, machinery and equipment | 23 | €9,881 | - | -€9,881 | |
| Furniture and vehicles | 24 | - | €5,246 | +€5,246 | |
| Other tangible fixed assets | 26 | €10,509 | €8,587 | -€1,923 | -18.3% |
| Financial fixed assets | 28 | €11,000 | €11,000 | = | 0.0% |
| Current assets | 29/58 | €127,456 | €199,703 | +€72,247 | +56.7% |
| Amounts receivable after more than one year | 29 | €20,000 | €71,748 | +€51,748 | +258.7% |
| Other amounts receivable | 291 | €20,000 | €71,748 | +€51,748 | +258.7% |
| Amounts receivable within one year | 40/41 | €31,698 | €56,506 | +€24,808 | +78.3% |
| Trade receivables | 40 | €28,888 | €56,506 | +€27,618 | +95.6% |
| Other amounts receivable | 41 | €2,810 | - | -€2,810 | |
| Cash at bank and in hand | 54/58 | €75,559 | €71,194 | -€4,365 | -5.8% |
| Deferred charges and accrued income | 490/1 | €199 | €255 | +€55 | +27.7% |
| Total equity and liabilities | 10/49 | €158,846 | €224,535 | +€65,689 | +41.4% |
| Equity | 10/15 | €111,425 | €133,261 | +€21,836 | +19.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €92,825 | €114,661 | +€21,836 | +23.5% |
| Distributable reserves | 133 | €92,825 | €114,661 | +€21,836 | +23.5% |
| Amounts payable | 17/49 | €47,421 | €91,274 | +€43,853 | +92.5% |
| Amounts payable within one year | 42/48 | €16,813 | €80,871 | +€64,058 | +381.0% |
| Current portion of amounts payable after more than one year | 42 | €2,284 | €2,277 | -€7 | -0.3% |
| Trade debts | 44 | €364 | €275 | -€89 | -24.4% |
| Suppliers | 440/4 | €364 | €275 | -€89 | -24.4% |
| Taxes, remuneration and social security | 45 | €14,112 | €23,963 | +€9,851 | +69.8% |
| Taxes | 450/3 | €14,112 | €23,963 | +€9,851 | +69.8% |
| Other amounts payable | 47/48 | €53 | €54,357 | +€54,304 | +103004.4% |
| Accrued charges and deferred income | 492/3 | €30,608 | €10,403 | -€20,205 | -66.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,170 | €10,690 | +€6,520 | +156.3% |
| Other operating charges | 640/8 | €3,960 | €125 | -€3,835 | -96.8% |
| Non-recurring operating charges | 66A | €221 | - | -€221 | |
| Gross operating margin | 9900 | €48,277 | €82,051 | +€33,775 | +70.0% |
| Operating profit (loss) | 9901 | €39,925 | €71,236 | +€31,311 | +78.4% |
| Financial income | 75/76B | €26 | €3 | -€23 | -88.4% |
| Recurring financial income | 75 | €26 | €3 | -€23 | -88.4% |
| Financial charges | 65/66B | €573 | €517 | -€55 | -9.7% |
| Recurring financial charges | 65 | €573 | €517 | -€55 | -9.7% |
| Profit (loss) for the period before taxes | 9903 | €39,379 | €70,722 | +€31,343 | +79.6% |
| Income taxes | 67/77 | €11,243 | €19,529 | +€8,286 | +73.7% |
| Profit (loss) for the period | 9904 | €28,135 | €51,193 | +€23,057 | +82.0% |
| Profit (loss) for the period to be appropriated | 9905 | €28,135 | €51,193 | +€23,057 | +82.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.