SPY MOTOR: 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.
SPY MOTOR
Largest movements
- Receivables within one year +€19,605
up €19,605 (+11.9%), from €164,566 to €184,171
of which Trade receivables: +€14,361
- Deferred charges and accrued income -€1,939
down €1,939 (-24.5%), from €7,925 to €5,986
- Profit (loss) carried forward +€16,694
up €16,694 (+17.1%), from €97,437 to €114,132
- Trade debts +€2,051
up €2,051 (+153%), from €1,345 to €3,396
- Gross operating margin -€14,968
down €14,968 (-34.4%), from €43,538 to €28,569
- Purchases and services +€14,919
up €14,919 (+10.3%), from €144,762 to €159,681
- Financial charges -€2,432
down €2,432, from €646 to -€1,786
- Depreciation -€2,390
down €2,390 (-86.0%), from €2,779 to €389
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 | €175,940 | €193,648 | +€17,709 | +10.1% |
| Fixed assets | 21/28 | €1,300 | €1,749 | +€449 | +34.5% |
| Tangible fixed assets | 22/27 | - | €449 | +€449 | |
| Furniture and vehicles | 24 | - | €449 | +€449 | |
| Financial fixed assets | 28 | €1,300 | €1,300 | = | 0.0% |
| Current assets | 29/58 | €174,640 | €191,899 | +€17,260 | +9.9% |
| Amounts receivable within one year | 40/41 | €164,566 | €184,171 | +€19,605 | +11.9% |
| Trade receivables | 40 | €28,324 | €42,685 | +€14,361 | +50.7% |
| Other amounts receivable | 41 | €136,242 | €141,486 | +€5,244 | +3.8% |
| Cash at bank and in hand | 54/58 | €2,149 | €1,743 | -€406 | -18.9% |
| Deferred charges and accrued income | 490/1 | €7,925 | €5,986 | -€1,939 | -24.5% |
| Total equity and liabilities | 10/49 | €175,940 | €193,648 | +€17,709 | +10.1% |
| Equity | 10/15 | €159,718 | €176,412 | +€16,694 | +10.5% |
| Contributions | 10/11 | €62,079 | €62,079 | = | 0.0% |
| Capital | 10 | €62,079 | €62,079 | = | 0.0% |
| Issued capital | 100 | €62,079 | €62,079 | = | 0.0% |
| Reserves | 13 | €202 | €202 | = | 0.0% |
| Non-distributable reserves | 130/1 | €202 | €202 | = | 0.0% |
| Legal reserve | 130 | €202 | €202 | = | 0.0% |
| Profit (loss) carried forward | 14 | €97,437 | €114,132 | +€16,694 | +17.1% |
| Amounts payable | 17/49 | €16,221 | €17,236 | +€1,015 | +6.3% |
| Amounts payable within one year | 42/48 | €16,221 | €17,236 | +€1,015 | +6.3% |
| Financial debts | 43 | €694 | €835 | +€141 | +20.3% |
| Credit institutions | 430/8 | €694 | €835 | +€141 | +20.3% |
| Trade debts | 44 | €1,345 | €3,396 | +€2,051 | +153% |
| Suppliers | 440/4 | €1,345 | €3,396 | +€2,051 | +153% |
| Taxes, remuneration and social security | 45 | €14,183 | €13,006 | -€1,177 | -8.3% |
| Taxes | 450/3 | €14,183 | €13,006 | -€1,177 | -8.3% |
| Turnover | 70 | €188,299 | €188,250 | -€49 | 0.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €144,762 | €159,681 | +€14,919 | +10.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,779 | €389 | -€2,390 | -86.0% |
| Other operating charges | 640/8 | €204 | €156 | -€48 | -23.3% |
| Gross operating margin | 9900 | €43,538 | €28,569 | -€14,968 | -34.4% |
| Operating profit (loss) | 9901 | €40,555 | €28,024 | -€12,531 | -30.9% |
| Financial income | 75/76B | €7,925 | €6,278 | -€1,647 | -20.8% |
| Recurring financial income | 75 | €7,925 | €6,278 | -€1,647 | -20.8% |
| Financial charges | 65/66B | €646 | -€1,786 | -€2,432 | |
| Recurring financial charges | 65 | €646 | -€1,786 | -€2,432 | |
| Profit (loss) for the period before taxes | 9903 | €47,834 | €36,088 | -€11,747 | -24.6% |
| Income taxes | 67/77 | €12,000 | €11,000 | -€1,000 | -8.3% |
| Profit (loss) for the period | 9904 | €35,834 | €25,088 | -€10,747 | -30.0% |
| Profit (loss) for the period to be appropriated | 9905 | €35,834 | €25,088 | -€10,747 | -30.0% |
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 16 October 2026 via checked.be.