'T SPIJKER: 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.
'T SPIJKER
Largest movements
- Receivables within one year +€469,811
up €469,811 (+21.4%), from €2.2m to €2.7m
of which Other amounts receivable: +€256,745
- Tangible fixed assets -€153,987
down €153,987 (-4.2%), from €3.7m to €3.5m
of which Land and buildings: -€140,081
- Debts after one year -€257,185
down €257,185 (-11.0%), from €2.3m to €2.1m
- Reserves +€214,198
up €214,198 (+57.9%), from €369,730 to €583,929
of which Distributable reserves: +€214,198
- Other debts +€207,560
up €207,560 (+25.9%), from €801,391 to €1.0m
- Tax, wage and social debts +€155,347
up €155,347 (+52.8%), from €294,032 to €449,380
- Trade debts -€65,042
down €65,042 (-3.4%), from €1.9m to €1.9m
- Gross operating margin +€123,002
up €123,002 (+22.9%), from €536,977 to €659,979
- Taxes +€41,100
up €41,100 (+238539.1%), from €17 to €41,118
- Depreciation +€31,729
up €31,729 (+15.7%), from €201,535 to €233,264
- Other operating charges +€24,570
up €24,570 (+58.8%), from €41,793 to €66,363
- Financial charges +€16,957
up €16,957 (+14.0%), from €120,795 to €137,753
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.
Cash bridge derived
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 | €5,978,218 | €6,274,603 | +€296,385 | +5.0% |
| Formation expenses | 20 | €72,844 | €64,750 | -€8,094 | -11.1% |
| Fixed assets | 21/28 | €3,692,650 | €3,538,664 | -€153,987 | -4.2% |
| Tangible fixed assets | 22/27 | €3,692,500 | €3,538,514 | -€153,987 | -4.2% |
| Land and buildings | 22 | €3,638,006 | €3,497,925 | -€140,081 | -3.9% |
| Plant, machinery and equipment | 23 | €54,494 | €40,588 | -€13,906 | -25.5% |
| Financial fixed assets | 28 | €150 | €150 | = | 0.0% |
| Current assets | 29/58 | €2,212,725 | €2,671,189 | +€458,465 | +20.7% |
| Amounts receivable within one year | 40/41 | €2,200,304 | €2,670,115 | +€469,811 | +21.4% |
| Trade receivables | 40 | €1,129,105 | €1,342,171 | +€213,066 | +18.9% |
| Other amounts receivable | 41 | €1,071,199 | €1,327,944 | +€256,745 | +24.0% |
| Cash at bank and in hand | 54/58 | €2,213 | €1,074 | -€1,139 | -51.5% |
| Deferred charges and accrued income | 490/1 | €10,207 | - | -€10,207 | |
| Total equity and liabilities | 10/49 | €5,978,218 | €6,274,603 | +€296,385 | +5.0% |
| Equity | 10/15 | €388,330 | €602,529 | +€214,198 | +55.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €369,730 | €583,929 | +€214,198 | +57.9% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €367,870 | €582,069 | +€214,198 | +58.2% |
| Amounts payable | 17/49 | €5,589,888 | €5,672,074 | +€82,186 | +1.5% |
| Amounts payable after more than one year | 17 | €2,343,470 | €2,086,284 | -€257,185 | -11.0% |
| Financial debts | 170/4 | €2,343,470 | €2,086,284 | -€257,185 | -11.0% |
| Amounts payable within one year | 42/48 | €3,239,780 | €3,579,814 | +€340,034 | +10.5% |
| Current portion of amounts payable after more than one year | 42 | €204,915 | €247,084 | +€42,169 | +20.6% |
| Trade debts | 44 | €1,939,441 | €1,874,399 | -€65,042 | -3.4% |
| Suppliers | 440/4 | €1,939,441 | €1,874,399 | -€65,042 | -3.4% |
| Taxes, remuneration and social security | 45 | €294,032 | €449,380 | +€155,347 | +52.8% |
| Taxes | 450/3 | €294,032 | €449,380 | +€155,347 | +52.8% |
| Other amounts payable | 47/48 | €801,391 | €1,008,951 | +€207,560 | +25.9% |
| Accrued charges and deferred income | 492/3 | €6,639 | €5,976 | -€663 | -10.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €201,535 | €233,264 | +€31,729 | +15.7% |
| Other operating charges | 640/8 | €41,793 | €66,363 | +€24,570 | +58.8% |
| Gross operating margin | 9900 | €536,977 | €659,979 | +€123,002 | +22.9% |
| Operating profit (loss) | 9901 | €293,649 | €360,353 | +€66,704 | +22.7% |
| Financial income | 75/76B | €23,699 | €32,716 | +€9,016 | +38.0% |
| Recurring financial income | 75 | €23,699 | €32,716 | +€9,016 | +38.0% |
| Financial charges | 65/66B | €120,795 | €137,753 | +€16,957 | +14.0% |
| Recurring financial charges | 65 | €120,795 | €137,753 | +€16,957 | +14.0% |
| Profit (loss) for the period before taxes | 9903 | €196,553 | €255,316 | +€58,763 | +29.9% |
| Income taxes | 67/77 | €17 | €41,118 | +€41,100 | +238539.1% |
| Profit (loss) for the period | 9904 | €196,536 | €214,198 | +€17,662 | +9.0% |
| Profit (loss) for the period to be appropriated | 9905 | €196,536 | €214,198 | +€17,662 | +9.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.