't SPEIENHOF: what changed
't SPEIENHOF
Largest movements
- Cash +€136,947
up €136,947 (+73.5%), from €186,279 to €323,226
mainly Net result for the year (+€126,107) and Depreciation (+€101,972)
- Receivables within one year -€40,522
down €40,522 (-71.0%), from €57,042 to €16,520
of which Trade receivables: -€32,903
- Tangible fixed assets -€16,359
down €16,359 (-1.9%), from €849,794 to €833,435
of which Land and buildings: -€65,946
- Reserves +€126,107
up €126,107 (+22.7%), from €554,380 to €680,487
- Debts after one year -€43,558
down €43,558 (-20.2%), from €215,331 to €171,773
- Accrued charges and deferred income +€23,470
up €23,470 (+55.8%), from €42,061 to €65,531
- Trade debts -€22,688
down €22,688 (-90.5%), from €25,069 to €2,381
- Gross operating margin +€67,155
up €67,155 (+26.0%), from €258,702 to €325,857
- Other operating charges +€17,476
new in 2025: €17,476
- Taxes +€9,595
up €9,595 (+25.9%), from €37,068 to €46,663
- Financial charges +€9,585
up €9,585 (+27.3%), from €35,116 to €44,701
of which Financial charges: +€9,192
- Financial income +€5,954
up €5,954 (+117%), from €5,107 to €11,061
of which Non-recurring financial income: +€3,500
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,451,600 | €1,538,691 | +€87,091 | +6.0% |
| Fixed assets | 21/28 | €867,629 | €851,195 | -€16,434 | -1.9% |
| Intangible fixed assets | 21 | €17,761 | €17,761 | -€0 | 0.0% |
| Tangible fixed assets | 22/27 | €849,794 | €833,435 | -€16,359 | -1.9% |
| Land and buildings | 22 | €777,340 | €711,394 | -€65,946 | -8.5% |
| Plant, machinery and equipment | 23 | €36,474 | €87,607 | +€51,133 | +140% |
| Furniture and vehicles | 24 | €35,980 | €34,433 | -€1,547 | -4.3% |
| Financial fixed assets | 28 | €74 | - | -€74 | |
| Current assets | 29/58 | €583,971 | €687,496 | +€103,525 | +17.7% |
| Stocks and contracts in progress | 3 | €1,605 | €4,000 | +€2,395 | +149% |
| Stocks | 30/36 | €1,605 | €4,000 | +€2,395 | +149% |
| Amounts receivable within one year | 40/41 | €57,042 | €16,520 | -€40,522 | -71.0% |
| Trade receivables | 40 | €49,388 | €16,485 | -€32,903 | -66.6% |
| Other amounts receivable | 41 | €7,654 | €35 | -€7,619 | -99.5% |
| Current investments | 50/53 | €335,487 | €340,000 | +€4,513 | +1.3% |
| Cash at bank and in hand | 54/58 | €186,279 | €323,226 | +€136,947 | +73.5% |
| Deferred charges and accrued income | 490/1 | €3,558 | €3,750 | +€192 | +5.4% |
| Total equity and liabilities | 10/49 | €1,451,600 | €1,538,691 | +€87,091 | +6.0% |
| Equity | 10/15 | €584,380 | €710,487 | +€126,107 | +21.6% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €554,380 | €680,487 | +€126,107 | +22.7% |
| Distributable reserves | 133 | €554,380 | €680,487 | +€126,107 | +22.7% |
| Amounts payable | 17/49 | €867,220 | €828,204 | -€39,016 | -4.5% |
| Amounts payable after more than one year | 17 | €215,331 | €171,773 | -€43,558 | -20.2% |
| Financial debts | 170/4 | €215,331 | €171,773 | -€43,558 | -20.2% |
| Amounts payable within one year | 42/48 | €609,828 | €590,900 | -€18,928 | -3.1% |
| Current portion of amounts payable after more than one year | 42 | €58,558 | €43,558 | -€15,000 | -25.6% |
| Trade debts | 44 | €25,069 | €2,381 | -€22,688 | -90.5% |
| Suppliers | 440/4 | €25,069 | €2,381 | -€22,688 | -90.5% |
| Taxes, remuneration and social security | 45 | €14,178 | €20,304 | +€6,126 | +43.2% |
| Taxes | 450/3 | €14,178 | €20,304 | +€6,126 | +43.2% |
| Other amounts payable | 47/48 | €512,023 | €524,657 | +€12,634 | +2.5% |
| Accrued charges and deferred income | 492/3 | €42,061 | €65,531 | +€23,470 | +55.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €99,048 | €101,972 | +€2,924 | +3.0% |
| Other operating charges | 640/8 | - | €17,476 | +€17,476 | |
| Gross operating margin | 9900 | €258,702 | €325,857 | +€67,155 | +26.0% |
| Operating profit (loss) | 9901 | €159,654 | €206,409 | +€46,755 | +29.3% |
| Financial income | 75/76B | €5,107 | €11,061 | +€5,954 | +117% |
| Recurring financial income | 75 | €5,107 | €7,561 | +€2,454 | +48.1% |
| Non-recurring financial income | 76B | - | €3,500 | +€3,500 | |
| Financial charges | 65/66B | €35,116 | €44,701 | +€9,585 | +27.3% |
| Recurring financial charges | 65 | €35,116 | €44,308 | +€9,192 | +26.2% |
| Non-recurring financial charges | 66B | - | €393 | +€393 | |
| Profit (loss) for the period before taxes | 9903 | €129,645 | €172,770 | +€43,125 | +33.3% |
| Income taxes | 67/77 | €37,068 | €46,663 | +€9,595 | +25.9% |
| Profit (loss) for the period | 9904 | €92,577 | €126,107 | +€33,530 | +36.2% |
| Profit (loss) for the period to be appropriated | 9905 | €92,577 | €126,107 | +€33,530 | +36.2% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.