Spoed Bruneel: 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.
Spoed Bruneel
Largest movements
- Current investments +€150,000
new in 2025: €150,000
- Cash -€41,505
down €41,505 (-23.1%), from €179,548 to €138,043
mainly Current investments (-€150,000) and Other debts (-€1,648)
- Deferred charges and accrued income -€7,642
down €7,642 (-32.2%), from €23,717 to €16,075
- Reserves +€100,964
up €100,964 (+62.0%), from €162,803 to €263,767
No income-statement line moved by more than 1% of the activity.
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 | €204,605 | €304,626 | +€100,020 | +48.9% |
| Fixed assets | 21/28 | €1,135 | €508 | -€627 | -55.2% |
| Tangible fixed assets | 22/27 | €1,135 | €508 | -€627 | -55.2% |
| Plant, machinery and equipment | 23 | €1,135 | €508 | -€627 | -55.2% |
| Current assets | 29/58 | €203,471 | €304,117 | +€100,647 | +49.5% |
| Amounts receivable within one year | 40/41 | €206 | - | -€206 | |
| Trade receivables | 40 | €206 | - | -€206 | |
| Current investments | 50/53 | - | €150,000 | +€150,000 | |
| Cash at bank and in hand | 54/58 | €179,548 | €138,043 | -€41,505 | -23.1% |
| Deferred charges and accrued income | 490/1 | €23,717 | €16,075 | -€7,642 | -32.2% |
| Total equity and liabilities | 10/49 | €204,605 | €304,626 | +€100,020 | +48.9% |
| Equity | 10/15 | €163,803 | €264,767 | +€100,964 | +61.6% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €162,803 | €263,767 | +€100,964 | +62.0% |
| Distributable reserves | 133 | €162,803 | €263,767 | +€100,964 | +62.0% |
| Amounts payable | 17/49 | €40,802 | €39,858 | -€944 | -2.3% |
| Amounts payable within one year | 42/48 | €40,246 | €39,110 | -€1,136 | -2.8% |
| Trade debts | 44 | €1,385 | €1,542 | +€157 | +11.3% |
| Suppliers | 440/4 | €1,385 | €1,542 | +€157 | +11.3% |
| Taxes, remuneration and social security | 45 | €34,262 | €34,617 | +€355 | +1.0% |
| Taxes | 450/3 | €34,262 | €34,617 | +€355 | +1.0% |
| Other amounts payable | 47/48 | €4,599 | €2,951 | -€1,648 | -35.8% |
| Accrued charges and deferred income | 492/3 | €556 | €748 | +€192 | +34.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €627 | €627 | = | 0.0% |
| Other operating charges | 640/8 | - | €1,192 | +€1,192 | |
| Gross operating margin | 9900 | €139,081 | €140,416 | +€1,335 | +1.0% |
| Operating profit (loss) | 9901 | €138,454 | €138,597 | +€143 | +0.1% |
| Financial charges | 65/66B | €3,048 | €3,112 | +€64 | +2.1% |
| Recurring financial charges | 65 | €3,048 | €3,112 | +€64 | +2.1% |
| Profit (loss) for the period before taxes | 9903 | €135,406 | €135,485 | +€79 | +0.1% |
| Income taxes | 67/77 | €34,262 | €34,521 | +€259 | +0.8% |
| Profit (loss) for the period | 9904 | €101,144 | €100,964 | -€180 | -0.2% |
| Profit (loss) for the period to be appropriated | 9905 | €101,144 | €100,964 | -€180 | -0.2% |
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 13 October 2026 via checked.be.