Spivi: 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.
Spivi
Largest movements
- Cash +€41,856
up €41,856 (+74.1%), from €56,483 to €98,339
mainly Other debts (+€90,295) and Net result for the year (+€46,667)
- Tangible fixed assets -€7,954
down €7,954 (-29.9%), from €26,584 to €18,629
of which Other tangible fixed assets: -€5,824
- Other debts +€90,295
up €90,295 (+683%), from €13,215 to €103,510
- Reserves -€58,333
down €58,333 (-82.8%), from €70,443 to €12,111
- Accrued charges and deferred income +€2,909
up €2,909 (+366%), from €794 to €3,703
- Gross operating margin +€27,964
up €27,964 (+67.5%), from €41,419 to €69,382
- Taxes +€4,934
up €4,934 (+66.9%), from €7,372 to €12,306
- Financial charges +€1,070
up €1,070 (+114%), from €934 to €2,004
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 | €96,250 | €130,299 | +€34,049 | +35.4% |
| Fixed assets | 21/28 | €26,584 | €18,629 | -€7,954 | -29.9% |
| Tangible fixed assets | 22/27 | €26,584 | €18,629 | -€7,954 | -29.9% |
| Furniture and vehicles | 24 | €3,767 | €1,637 | -€2,130 | -56.5% |
| Other tangible fixed assets | 26 | €22,816 | €16,992 | -€5,824 | -25.5% |
| Current assets | 29/58 | €69,667 | €111,670 | +€42,003 | +60.3% |
| Amounts receivable within one year | 40/41 | €13,184 | €13,331 | +€147 | +1.1% |
| Trade receivables | 40 | €13,002 | €8,906 | -€4,096 | -31.5% |
| Other amounts receivable | 41 | €182 | €4,425 | +€4,243 | +2,331% |
| Cash at bank and in hand | 54/58 | €56,483 | €98,339 | +€41,856 | +74.1% |
| Total equity and liabilities | 10/49 | €96,250 | €130,299 | +€34,049 | +35.4% |
| Equity | 10/15 | €71,443 | €13,111 | -€58,333 | -81.6% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €70,443 | €12,111 | -€58,333 | -82.8% |
| Distributable reserves | 133 | €70,443 | €12,111 | -€58,333 | -82.8% |
| Amounts payable | 17/49 | €24,807 | €117,189 | +€92,381 | +372% |
| Amounts payable within one year | 42/48 | €24,013 | €113,486 | +€89,473 | +373% |
| Trade debts | 44 | €657 | €680 | +€23 | +3.4% |
| Suppliers | 440/4 | €657 | €680 | +€23 | +3.4% |
| Taxes, remuneration and social security | 45 | €10,141 | €9,297 | -€845 | -8.3% |
| Taxes | 450/3 | €10,141 | €9,297 | -€845 | -8.3% |
| Other amounts payable | 47/48 | €13,215 | €103,510 | +€90,295 | +683% |
| Accrued charges and deferred income | 492/3 | €794 | €3,703 | +€2,909 | +366% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,954 | €7,954 | = | 0.0% |
| Other operating charges | 640/8 | €449 | €462 | +€12 | +2.8% |
| Gross operating margin | 9900 | €41,419 | €69,382 | +€27,964 | +67.5% |
| Operating profit (loss) | 9901 | €33,015 | €60,966 | +€27,951 | +84.7% |
| Financial income | 75/76B | - | €11 | +€11 | |
| Recurring financial income | 75 | - | €11 | +€11 | |
| Financial charges | 65/66B | €934 | €2,004 | +€1,070 | +114% |
| Recurring financial charges | 65 | €934 | €2,004 | +€1,070 | +114% |
| Profit (loss) for the period before taxes | 9903 | €32,081 | €58,973 | +€26,892 | +83.8% |
| Income taxes | 67/77 | €7,372 | €12,306 | +€4,934 | +66.9% |
| Profit (loss) for the period | 9904 | €24,709 | €46,667 | +€21,958 | +88.9% |
| Profit (loss) for the period to be appropriated | 9905 | €24,709 | €46,667 | +€21,958 | +88.9% |
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 18 October 2026 via checked.be.