SPOKESMAN: 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.
SPOKESMAN
Largest movements
- Receivables within one year +€27,524
up €27,524 (+122%), from €22,568 to €50,092
of which Trade receivables: +€37,998
- Tangible fixed assets -€20,460
down €20,460 (-32.2%), from €63,446 to €42,986
of which Furniture and vehicles: -€15,627
- Deferred charges and accrued income -€2,902
down €2,902 (-51.2%), from €5,672 to €2,770
- Other debts -€10,582
down €10,582 (-15.8%), from €66,942 to €56,360
- Reserves +€8,885
up €8,885 (+52.1%), from €17,064 to €25,949
- Tax, wage and social debts +€4,238
new in 2025: €4,238
- Accrued charges and deferred income +€1,585
up €1,585 (+195%), from €814 to €2,398
- Gross operating margin +€7,183
up €7,183 (+34.3%), from €20,965 to €28,148
- Depreciation -€5,297
down €5,297 (-27.4%), from €19,346 to €14,050
- Taxes +€3,506
up €3,506 (+502%), from €698 to €4,204
- Other operating charges -€598
down €598 (-48.3%), from €1,239 to €641
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 | €114,652 | €119,004 | +€4,353 | +3.8% |
| Fixed assets | 21/28 | €63,446 | €42,986 | -€20,460 | -32.2% |
| Tangible fixed assets | 22/27 | €63,446 | €42,986 | -€20,460 | -32.2% |
| Plant, machinery and equipment | 23 | €14,536 | €12,463 | -€2,072 | -14.3% |
| Furniture and vehicles | 24 | €24,803 | €9,177 | -€15,627 | -63.0% |
| Other tangible fixed assets | 26 | €24,107 | €21,346 | -€2,761 | -11.5% |
| Current assets | 29/58 | €51,205 | €76,019 | +€24,813 | +48.5% |
| Amounts receivable within one year | 40/41 | €22,568 | €50,092 | +€27,524 | +122% |
| Trade receivables | 40 | €12,000 | €49,998 | +€37,998 | +317% |
| Other amounts receivable | 41 | €10,568 | €94 | -€10,474 | -99.1% |
| Cash at bank and in hand | 54/58 | €22,966 | €23,157 | +€191 | +0.8% |
| Deferred charges and accrued income | 490/1 | €5,672 | €2,770 | -€2,902 | -51.2% |
| Total equity and liabilities | 10/49 | €114,652 | €119,004 | +€4,353 | +3.8% |
| Equity | 10/15 | €46,727 | €55,949 | +€9,222 | +19.7% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €17,064 | €25,949 | +€8,885 | +52.1% |
| Distributable reserves | 133 | €17,064 | €25,949 | +€8,885 | +52.1% |
| Profit (loss) carried forward | 14 | -€337 | - | +€337 | |
| Amounts payable | 17/49 | €67,924 | €63,055 | -€4,869 | -7.2% |
| Amounts payable within one year | 42/48 | €67,111 | €60,657 | -€6,454 | -9.6% |
| Trade debts | 44 | €168 | €59 | -€110 | -65.1% |
| Suppliers | 440/4 | €168 | €59 | -€110 | -65.1% |
| Taxes, remuneration and social security | 45 | - | €4,238 | +€4,238 | |
| Taxes | 450/3 | - | €4,238 | +€4,238 | |
| Other amounts payable | 47/48 | €66,942 | €56,360 | -€10,582 | -15.8% |
| Accrued charges and deferred income | 492/3 | €814 | €2,398 | +€1,585 | +195% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,346 | €14,050 | -€5,297 | -27.4% |
| Other operating charges | 640/8 | €1,239 | €641 | -€598 | -48.3% |
| Gross operating margin | 9900 | €20,965 | €28,148 | +€7,183 | +34.3% |
| Operating profit (loss) | 9901 | €380 | €13,458 | +€13,078 | +3,445% |
| Financial income | 75/76B | €26 | €8 | -€18 | -68.2% |
| Recurring financial income | 75 | €26 | €8 | -€18 | -68.2% |
| Financial charges | 65/66B | €45 | €40 | -€4 | -9.2% |
| Recurring financial charges | 65 | €45 | €40 | -€4 | -9.2% |
| Profit (loss) for the period before taxes | 9903 | €361 | €13,426 | +€13,065 | +3,621% |
| Income taxes | 67/77 | €698 | €4,204 | +€3,506 | +502% |
| Profit (loss) for the period | 9904 | -€337 | €9,222 | +€9,559 | |
| Profit (loss) for the period to be appropriated | 9905 | -€337 | €9,222 | +€9,559 |
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 14 October 2026 via checked.be.