SPYKE: 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.
What changed
SPYKE
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€21.3m
2024 · €677,633+€20.6m
Equity
€77.7m
2024 · €56.4m+€21.3m
Cash
€872,917
2024 · €425,436+€447,481
Balance sheet total
€79.7m
2024 · €59.5m+€20.2m
Largest movements
Assets
- Receivables within one year +€19.5m
up €19.5m (+74251.5%), from €26,303 to €19.6m
- Current investments +€8.5m
up €8.5m (+186.0%), from €4.6m to €13.0m
- Financial fixed assets -€8.2m
down €8.2m (-15.1%), from €54.4m to €46.3m
of which Affiliated companies: -€7.2m
Equity and liabilities
- Reserves +€21.3m
up €21.3m (+52.1%), from €40.9m to €62.2m
of which Distributable reserves: +€21.3m
- Debts after one year -€1.1m
down €1.1m (-42.4%), from €2.5m to €1.5m
Income statement
No income-statement line moved by more than 1% of the activity.
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.
Result 2024
€677,633
Other operating charges
-€31
Other operating items
+€20.6m
Financial income
-€40,909
Financial charges
+€39,142
Taxes
-€21,472
Result 2025
€21.3m
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.
From operations
+€1.8m
Investment
-€269,330
Financing
-€1.1m
Cash 2024
€425,436
From operations (derived)
+€1.8m
Net result for the year
+€21.3m
Receivables within one year
-€19.5m
Trade debts
-€50,692
Accrued charges and deferred income
+€72,074
Investment (derived)
-€269,330
Investment in fixed assets (net)
+€8.2m
Current investments
-€8.5m
Financing
-€1.1m
Debts after one year
-€1.1m
Cash 2025
€872,917
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €59,452,775 | €79,699,967 | +€20.2m | +34.1% |
| Fixed assets | 21/28 | €54,449,588 | €46,252,153 | -€8.2m | -15.1% |
| Financial fixed assets | 28 | €54,449,588 | €46,252,153 | -€8.2m | -15.1% |
| Affiliated companies | 280/1 | €41,276,385 | €34,098,686 | -€7.2m | -17.4% |
| Participating interests | 280 | €24,858,804 | €16,696,050 | -€8.2m | -32.8% |
| Amounts receivable | 281 | €16,417,581 | €17,402,636 | +€985,055 | +6.0% |
| Other financial fixed assets | 284/8 | €13,173,203 | €12,153,467 | -€1.0m | -7.7% |
| Amounts receivable and cash guarantees | 285/8 | €13,173,203 | €12,153,467 | -€1.0m | -7.7% |
| Current assets | 29/58 | €5,003,187 | €33,447,814 | +€28.4m | +568.5% |
| Amounts receivable within one year | 40/41 | €26,303 | €19,556,683 | +€19.5m | +74251.5% |
| Other amounts receivable | 41 | €26,303 | €19,556,683 | +€19.5m | +74251.5% |
| Current investments | 50/53 | €4,551,448 | €13,018,213 | +€8.5m | +186.0% |
| Other investments | 51/53 | €4,551,448 | €13,018,213 | +€8.5m | +186.0% |
| Cash at bank and in hand | 54/58 | €425,436 | €872,917 | +€447,481 | +105.2% |
| Total equity and liabilities | 10/49 | €59,452,775 | €79,699,967 | +€20.2m | +34.1% |
| Equity | 10/15 | €56,433,456 | €77,734,980 | +€21.3m | +37.7% |
| Contributions | 10/11 | €15,543,454 | €15,543,454 | = | 0.0% |
| Capital | 10 | €15,543,454 | €15,543,454 | = | 0.0% |
| Issued capital | 100 | €15,918,454 | €15,918,454 | = | 0.0% |
| Uncalled capital | 101 | €375,000 | €375,000 | = | 0.0% |
| Reserves | 13 | €40,890,002 | €62,191,526 | +€21.3m | +52.1% |
| Non-distributable reserves | 130/1 | €2,469,345 | €2,469,345 | = | 0.0% |
| Legal reserve | 130 | €2,469,345 | €2,469,345 | = | 0.0% |
| Distributable reserves | 133 | €38,420,657 | €59,722,180 | +€21.3m | +55.4% |
| Amounts payable | 17/49 | €3,019,319 | €1,964,987 | -€1.1m | -34.9% |
| Amounts payable after more than one year | 17 | €2,534,519 | €1,458,805 | -€1.1m | -42.4% |
| Financial debts | 170/4 | €2,534,519 | €1,458,805 | -€1.1m | -42.4% |
| Other loans | 174 | €2,534,519 | €1,458,805 | -€1.1m | -42.4% |
| Amounts payable within one year | 42/48 | €101,647 | €50,955 | -€50,692 | -49.9% |
| Trade debts | 44 | €64,482 | €13,790 | -€50,692 | -78.6% |
| Suppliers | 440/4 | €64,482 | €13,790 | -€50,692 | -78.6% |
| Other amounts payable | 47/48 | €37,165 | €37,165 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €383,153 | €455,228 | +€72,074 | +18.8% |
| Operating income | 70/76A | - | €20,565,691 | +€20.6m | |
| Non-recurring operating income | 76A | - | €20,565,691 | +€20.6m | |
| Operating charges | 60/66A | €339,421 | €257,983 | -€81,439 | -24.0% |
| Services and other goods | 61 | €336,435 | €256,922 | -€79,513 | -23.6% |
| Other operating charges | 640/8 | €1,030 | €1,060 | +€31 | +3.0% |
| Non-recurring operating charges | 66A | €1,957 | - | -€1,957 | |
| Operating profit (loss) | 9901 | -€339,421 | €20,307,708 | +€20.6m | |
| Financial income | 75/76B | €1,355,752 | €1,314,843 | -€40,909 | -3.0% |
| Recurring financial income | 75 | €1,355,752 | €1,314,843 | -€40,909 | -3.0% |
| Income from financial fixed assets | 750 | €1,187,874 | €1,233,542 | +€45,668 | +3.8% |
| Income from current assets | 751 | €167,878 | €81,301 | -€86,577 | -51.6% |
| Financial charges | 65/66B | €112,726 | €73,583 | -€39,142 | -34.7% |
| Recurring financial charges | 65 | €112,726 | €73,583 | -€39,142 | -34.7% |
| Debt charges | 650 | €112,510 | €72,074 | -€40,436 | -35.9% |
| Other financial charges | 652/9 | €215 | €1,509 | +€1,294 | +600.5% |
| Profit (loss) for the period before taxes | 9903 | €903,605 | €21,548,968 | +€20.6m | +2284.8% |
| Income taxes | 67/77 | €225,972 | €247,444 | +€21,472 | +9.5% |
| Taxes | 670/3 | €225,972 | €247,444 | +€21,472 | +9.5% |
| Profit (loss) for the period | 9904 | €677,633 | €21,301,523 | +€20.6m | +3043.5% |
| Profit (loss) for the period to be appropriated | 9905 | €677,633 | €21,301,523 | +€20.6m | +3043.5% |
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 3 October 2026 via checked.be.