't Spelt: 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.
't Spelt
Largest movements
- Tangible fixed assets -€8,520
down €8,520 (-24.2%), from €35,212 to €26,692
- Intangible fixed assets -€8,000
down €8,000 (-28.3%), from €28,230 to €20,230
- Receivables within one year -€6,684
down €6,684 (-80.8%), from €8,269 to €1,584
of which Trade receivables: -€6,937
- Stocks and contracts -€4,422
down €4,422 (-50.7%), from €8,719 to €4,297
- Cash +€1,119
up €1,119 (+68.3%), from €1,639 to €2,758
mainly Depreciation (+€18,085) and Other debts (+€11,001)
- Profit (loss) carried forward -€23,492
down €23,492 (-190%), from -€12,334 to -€35,826
- Other debts +€11,001
up €11,001 (+33.7%), from €32,666 to €43,667
- Debts after one year -€10,329
down €10,329 (-30.8%), from €33,512 to €23,183
- Trade debts -€7,826
down €7,826 (-52.6%), from €14,890 to €7,064
- Accrued charges and deferred income +€3,096
new in 2025: €3,096
- Gross operating margin -€6,875
down €6,875, from €5,621 to -€1,254
- Other operating charges +€288
up €288 (+47.3%), from €610 to €898
- Financial charges +€232
up €232 (+7.5%), from €3,085 to €3,317
- Depreciation +€147
up €147 (+0.8%), from €17,939 to €18,085
- Financial income -€83
down €83 (-56.9%), from €145 to €63
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 | €82,069 | €55,562 | -€26,507 | -32.3% |
| Fixed assets | 21/28 | €63,443 | €46,922 | -€16,520 | -26.0% |
| Intangible fixed assets | 21 | €28,230 | €20,230 | -€8,000 | -28.3% |
| Tangible fixed assets | 22/27 | €35,212 | €26,692 | -€8,520 | -24.2% |
| Plant, machinery and equipment | 23 | €35,212 | €26,692 | -€8,520 | -24.2% |
| Current assets | 29/58 | €18,626 | €8,639 | -€9,987 | -53.6% |
| Stocks and contracts in progress | 3 | €8,719 | €4,297 | -€4,422 | -50.7% |
| Stocks | 30/36 | €8,719 | €4,297 | -€4,422 | -50.7% |
| Amounts receivable within one year | 40/41 | €8,269 | €1,584 | -€6,684 | -80.8% |
| Trade receivables | 40 | €7,641 | €704 | -€6,937 | -90.8% |
| Other amounts receivable | 41 | €628 | €881 | +€253 | +40.3% |
| Cash at bank and in hand | 54/58 | €1,639 | €2,758 | +€1,119 | +68.3% |
| Total equity and liabilities | 10/49 | €82,069 | €55,562 | -€26,507 | -32.3% |
| Equity | 10/15 | -€9,834 | -€33,326 | -€23,492 | -239% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€12,334 | -€35,826 | -€23,492 | -190% |
| Amounts payable | 17/49 | €91,903 | €88,888 | -€3,015 | -3.3% |
| Amounts payable after more than one year | 17 | €33,512 | €23,183 | -€10,329 | -30.8% |
| Financial debts | 170/4 | €33,512 | €23,183 | -€10,329 | -30.8% |
| Amounts payable within one year | 42/48 | €58,391 | €62,609 | +€4,218 | +7.2% |
| Current portion of amounts payable after more than one year | 42 | €9,844 | €10,329 | +€486 | +4.9% |
| Trade debts | 44 | €14,890 | €7,064 | -€7,826 | -52.6% |
| Suppliers | 440/4 | €14,890 | €7,064 | -€7,826 | -52.6% |
| Taxes, remuneration and social security | 45 | €992 | €1,549 | +€557 | +56.2% |
| Taxes | 450/3 | €992 | €1,549 | +€557 | +56.2% |
| Other amounts payable | 47/48 | €32,666 | €43,667 | +€11,001 | +33.7% |
| Accrued charges and deferred income | 492/3 | - | €3,096 | +€3,096 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,939 | €18,085 | +€147 | +0.8% |
| Other operating charges | 640/8 | €610 | €898 | +€288 | +47.3% |
| Gross operating margin | 9900 | €5,621 | -€1,254 | -€6,875 | |
| Operating profit (loss) | 9901 | -€12,928 | -€20,238 | -€7,310 | -56.5% |
| Financial income | 75/76B | €145 | €63 | -€83 | -56.9% |
| Recurring financial income | 75 | €145 | €63 | -€83 | -56.9% |
| Financial charges | 65/66B | €3,085 | €3,317 | +€232 | +7.5% |
| Recurring financial charges | 65 | €3,085 | €3,317 | +€232 | +7.5% |
| Profit (loss) for the period before taxes | 9903 | -€15,867 | -€23,492 | -€7,625 | -48.1% |
| Profit (loss) for the period | 9904 | -€15,867 | -€23,492 | -€7,625 | -48.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€15,867 | -€23,492 | -€7,625 | -48.1% |
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 22 October 2026 via checked.be.