Spotify Belgium: 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.
Spotify Belgium
Largest movements
- Deferred charges and accrued income -€165,910
down €165,910 (-99.1%), from €167,490 to €1,580
- Receivables within one year +€154,997
up €154,997 (+7.0%), from €2.2m to €2.4m
of which Other amounts receivable: +€890,049
- Profit (loss) carried forward +€228,778
up €228,778 (+19.7%), from €1.2m to €1.4m
- Tax, wage and social debts -€191,231
down €191,231 (-23.6%), from €811,588 to €620,357
of which Remuneration and social security: -€185,617
- Other debts -€128,763
down €128,763 (-97.3%), from €132,309 to €3,546
- Trade debts +€65,715
up €65,715 (+35.1%), from €187,261 to €252,976
- Other operating income -€3.8m
no longer reported in 2025 (was €3.8m)
- Gross operating margin +€3.4m
new in 2025: €3.4m
- Turnover -€1.9m
no longer reported in 2025 (was €1.9m)
- Services and other goods -€1.4m
no longer reported in 2025 (was €1.4m)
- Staff costs -€903,831
down €903,831 (-21.8%), from €4.2m to €3.3m
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,401,844 | €2,374,001 | -€27,843 | -1.2% |
| Fixed assets | 21/28 | €16,930 | €0 | -€16,930 | -100% |
| Financial fixed assets | 28 | €16,930 | €0 | -€16,930 | -100% |
| Other financial fixed assets | 284/8 | €16,930 | - | -€16,930 | |
| Amounts receivable and cash guarantees | 285/8 | €16,930 | - | -€16,930 | |
| Current assets | 29/58 | €2,384,914 | €2,374,001 | -€10,913 | -0.5% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €2,217,424 | €2,372,421 | +€154,997 | +7.0% |
| Trade receivables | 40 | €1,825,731 | €1,090,678 | -€735,053 | -40.3% |
| Other amounts receivable | 41 | €391,693 | €1,281,742 | +€890,049 | +227% |
| Deferred charges and accrued income | 490/1 | €167,490 | €1,580 | -€165,910 | -99.1% |
| Total equity and liabilities | 10/49 | €2,401,844 | €2,374,001 | -€27,843 | -1.2% |
| Equity | 10/15 | €1,229,560 | €1,458,338 | +€228,778 | +18.6% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €6,150 | €6,150 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,161,910 | €1,390,688 | +€228,778 | +19.7% |
| Amounts payable | 17/49 | €1,172,284 | €915,663 | -€256,621 | -21.9% |
| Amounts payable within one year | 42/48 | €1,131,158 | €876,878 | -€254,280 | -22.5% |
| Trade debts | 44 | €187,261 | €252,976 | +€65,715 | +35.1% |
| Suppliers | 440/4 | €187,261 | €252,976 | +€65,715 | +35.1% |
| Taxes, remuneration and social security | 45 | €811,588 | €620,357 | -€191,231 | -23.6% |
| Taxes | 450/3 | €5,614 | €0 | -€5,614 | -100% |
| Remuneration and social security | 454/9 | €805,973 | €620,356 | -€185,617 | -23.0% |
| Other amounts payable | 47/48 | €132,309 | €3,546 | -€128,763 | -97.3% |
| Accrued charges and deferred income | 492/3 | €41,126 | €38,785 | -€2,341 | -5.7% |
| Operating income | 70/76A | €5,660,599 | - | -€5.7m | |
| Turnover | 70 | €1,874,014 | - | -€1.9m | |
| Other operating income | 74 | €3,786,585 | - | -€3.8m | |
| Operating charges | 60/66A | €5,588,920 | - | -€5.6m | |
| Services and other goods | 61 | €1,433,868 | - | -€1.4m | |
| Remuneration, social security and pensions | 62 | €4,155,052 | €3,251,221 | -€903,831 | -21.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | €0 | = | |
| Gross operating margin | 9900 | - | €3,375,353 | +€3.4m | |
| Operating profit (loss) | 9901 | €71,679 | €124,132 | +€52,453 | +73.2% |
| Financial income | 75/76B | €321,269 | €222,439 | -€98,830 | -30.8% |
| Recurring financial income | 75 | €321,269 | €222,439 | -€98,830 | -30.8% |
| Income from current assets | 751 | €321,269 | - | -€321,269 | |
| Financial charges | 65/66B | €14,741 | €30,368 | +€15,627 | +106% |
| Recurring financial charges | 65 | €14,741 | €30,368 | +€15,627 | +106% |
| Other financial charges | 652/9 | €14,741 | - | -€14,741 | |
| Profit (loss) for the period before taxes | 9903 | €378,207 | €316,203 | -€62,004 | -16.4% |
| Income taxes | 67/77 | €101,401 | €87,425 | -€13,976 | -13.8% |
| Taxes | 670/3 | €101,401 | - | -€101,401 | |
| Tax adjustments and reversals of tax provisions | 77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | €276,806 | €228,778 | -€48,028 | -17.4% |
| Profit (loss) for the period to be appropriated | 9905 | €276,806 | €228,778 | -€48,028 | -17.4% |
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 29 October 2026 via checked.be.