SPOTABLE: 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.
SPOTABLE
Largest movements
- Receivables within one year +€386,369
up €386,369 (+4572.8%), from €8,449 to €394,818
of which Other amounts receivable: +€298,144
- Cash +€324,110
up €324,110 (+2458.6%), from €13,183 to €337,292
mainly Debts after one year (+€815,062) and Contributions, distributions and other (+€276,388)
- Tangible fixed assets +€25,100
new in 2025: €25,100
- Debts after one year +€815,062
new in 2025: €815,062
- Profit (loss) carried forward -€705,312
new in 2025: -€705,312
- Investment grants +€276,388
new in 2025: €276,388
- Accrued charges and deferred income +€179,031
up €179,031 (+32261.9%), from €555 to €179,586
- Trade debts +€126,506
up €126,506 (+1217.7%), from €10,389 to €136,895
- Gross operating margin -€658,000
down €658,000, from €7,676 to -€650,324
- Staff costs +€188,082
new in 2025: €188,082
- Financial income +€183,033
new in 2025: €183,033
- Financial charges +€52,451
up €52,451 (+42625.6%), from €123 to €52,574
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 | €22,068 | €758,511 | +€736,443 | +3337.2% |
| Formation expenses | 20 | €436 | €0 | -€436 | -100.0% |
| Fixed assets | 21/28 | - | €25,100 | +€25,100 | |
| Tangible fixed assets | 22/27 | - | €25,100 | +€25,100 | |
| Furniture and vehicles | 24 | - | €25,100 | +€25,100 | |
| Current assets | 29/58 | €21,632 | €733,411 | +€711,779 | +3290.4% |
| Amounts receivable within one year | 40/41 | €8,449 | €394,818 | +€386,369 | +4572.8% |
| Trade receivables | 40 | €3,169 | €91,393 | +€88,225 | +2784.4% |
| Other amounts receivable | 41 | €5,281 | €303,425 | +€298,144 | +5645.9% |
| Cash at bank and in hand | 54/58 | €13,183 | €337,292 | +€324,110 | +2458.6% |
| Deferred charges and accrued income | 490/1 | - | €1,301 | +€1,301 | |
| Total equity and liabilities | 10/49 | €22,068 | €758,511 | +€736,443 | +3337.2% |
| Equity | 10/15 | €9,701 | -€423,924 | -€433,625 | |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €4,701 | €0 | -€4,701 | -100.0% |
| Distributable reserves | 133 | €4,701 | €0 | -€4,701 | -100.0% |
| Profit (loss) carried forward | 14 | - | -€705,312 | -€705,312 | |
| Investment grants | 15 | - | €276,388 | +€276,388 | |
| Amounts payable | 17/49 | €12,367 | €1,182,435 | +€1.2m | +9461.4% |
| Amounts payable after more than one year | 17 | - | €815,062 | +€815,062 | |
| Financial debts | 170/4 | - | €815,062 | +€815,062 | |
| Amounts payable within one year | 42/48 | €11,812 | €187,787 | +€175,975 | +1489.8% |
| Current portion of amounts payable after more than one year | 42 | - | €8,219 | +€8,219 | |
| Trade debts | 44 | €10,389 | €136,895 | +€126,506 | +1217.7% |
| Suppliers | 440/4 | €10,389 | €136,895 | +€126,506 | +1217.7% |
| Taxes, remuneration and social security | 45 | €1,423 | €42,672 | +€41,250 | +2899.5% |
| Taxes | 450/3 | €1,423 | €1,423 | = | 0.0% |
| Remuneration and social security | 454/9 | - | €41,250 | +€41,250 | |
| Accrued charges and deferred income | 492/3 | €555 | €179,586 | +€179,031 | +32261.9% |
| Remuneration, social security and pensions | 62 | - | €188,082 | +€188,082 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,041 | €2,066 | +€1,025 | +98.4% |
| Other operating charges | 640/8 | €387 | €0 | -€387 | -100.0% |
| Gross operating margin | 9900 | €7,676 | -€650,324 | -€658,000 | |
| Operating profit (loss) | 9901 | €6,247 | -€840,472 | -€846,719 | |
| Financial income | 75/76B | - | €183,033 | +€183,033 | |
| Recurring financial income | 75 | - | €183,033 | +€183,033 | |
| Financial charges | 65/66B | €123 | €52,574 | +€52,451 | +42625.6% |
| Recurring financial charges | 65 | €123 | €52,574 | +€52,451 | +42625.6% |
| Profit (loss) for the period before taxes | 9903 | €6,124 | -€710,013 | -€716,137 | |
| Income taxes | 67/77 | €1,423 | €0 | -€1,423 | -100.0% |
| Profit (loss) for the period | 9904 | €4,701 | -€710,013 | -€714,714 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,701 | -€710,013 | -€714,714 |
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.