SPYGLASS: 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.
SPYGLASS
Largest movements
- Cash +€17,441
up €17,441 (+48.3%), from €36,143 to €53,584
mainly Depreciation (+€21,803) and Net result for the year (+€15,604)
- Tangible fixed assets -€9,150
down €9,150 (-11.5%), from €79,611 to €70,461
of which Furniture and vehicles: -€8,775
- Receivables within one year -€7,704
down €7,704 (-12.9%), from €59,801 to €52,098
of which Trade receivables: -€4,486
- Debts after one year -€17,609
down €17,609 (-41.6%), from €42,347 to €24,738
- Profit (loss) carried forward +€15,604
up €15,604 (+17.5%), from €89,207 to €104,811
- Tax, wage and social debts -€3,294
down €3,294 (-27.6%), from €11,923 to €8,629
- Trade debts +€2,548
up €2,548 (+181%), from €1,408 to €3,956
- Gross operating margin -€27,724
down €27,724 (-35.5%), from €78,143 to €50,418
- Depreciation +€6,628
up €6,628 (+43.7%), from €15,174 to €21,803
- Taxes -€3,381
down €3,381 (-37.9%), from €8,913 to €5,532
- Other operating charges -€2,232
down €2,232 (-42.5%), from €5,255 to €3,023
- Financial charges +€856
up €856 (+23.7%), from €3,605 to €4,461
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €182,216 | €180,203 | -€2,013 | -1.1% |
| Fixed assets | 21/28 | €79,745 | €70,595 | -€9,150 | -11.5% |
| Tangible fixed assets | 22/27 | €79,611 | €70,461 | -€9,150 | -11.5% |
| Furniture and vehicles | 24 | €78,574 | €69,799 | -€8,775 | -11.2% |
| Other tangible fixed assets | 26 | €1,038 | €663 | -€375 | -36.1% |
| Financial fixed assets | 28 | €133 | €133 | = | 0.0% |
| Current assets | 29/58 | €102,471 | €109,608 | +€7,137 | +7.0% |
| Amounts receivable within one year | 40/41 | €59,801 | €52,098 | -€7,704 | -12.9% |
| Trade receivables | 40 | €38,486 | €34,000 | -€4,486 | -11.7% |
| Other amounts receivable | 41 | €21,316 | €18,098 | -€3,218 | -15.1% |
| Current investments | 50/53 | €2,334 | €782 | -€1,552 | -66.5% |
| Cash at bank and in hand | 54/58 | €36,143 | €53,584 | +€17,441 | +48.3% |
| Deferred charges and accrued income | 490/1 | €4,192 | €3,144 | -€1,048 | -25.0% |
| Total equity and liabilities | 10/49 | €182,216 | €180,203 | -€2,013 | -1.1% |
| Equity | 10/15 | €109,667 | €125,271 | +€15,604 | +14.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €89,207 | €104,811 | +€15,604 | +17.5% |
| Amounts payable | 17/49 | €72,549 | €54,932 | -€17,617 | -24.3% |
| Amounts payable after more than one year | 17 | €42,347 | €24,738 | -€17,609 | -41.6% |
| Financial debts | 170/4 | €42,347 | €24,738 | -€17,609 | -41.6% |
| Amounts payable within one year | 42/48 | €30,202 | €30,194 | -€8 | 0.0% |
| Current portion of amounts payable after more than one year | 42 | €16,839 | €17,609 | +€770 | +4.6% |
| Trade debts | 44 | €1,408 | €3,956 | +€2,548 | +181% |
| Suppliers | 440/4 | €1,408 | €3,956 | +€2,548 | +181% |
| Taxes, remuneration and social security | 45 | €11,923 | €8,629 | -€3,294 | -27.6% |
| Taxes | 450/3 | €11,923 | €8,629 | -€3,294 | -27.6% |
| Other amounts payable | 47/48 | €33 | - | -€33 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,174 | €21,803 | +€6,628 | +43.7% |
| Other operating charges | 640/8 | €5,255 | €3,023 | -€2,232 | -42.5% |
| Gross operating margin | 9900 | €78,143 | €50,418 | -€27,724 | -35.5% |
| Operating profit (loss) | 9901 | €57,714 | €25,593 | -€32,121 | -55.7% |
| Financial income | 75/76B | - | €4 | +€4 | |
| Recurring financial income | 75 | - | €4 | +€4 | |
| Financial charges | 65/66B | €3,605 | €4,461 | +€856 | +23.7% |
| Recurring financial charges | 65 | €3,605 | €4,461 | +€856 | +23.7% |
| Profit (loss) for the period before taxes | 9903 | €54,109 | €21,136 | -€32,973 | -60.9% |
| Income taxes | 67/77 | €8,913 | €5,532 | -€3,381 | -37.9% |
| Profit (loss) for the period | 9904 | €45,196 | €15,604 | -€29,592 | -65.5% |
| Profit (loss) for the period to be appropriated | 9905 | €45,196 | €15,604 | -€29,592 | -65.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.