'T SPIT: 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 SPIT
Largest movements
- Cash -€240,589
down €240,589 (-76.7%), from €313,859 to €73,269
mainly Other debts (-€191,084) and Current investments (-€150,000)
- Current investments +€150,000
new in 2025: €150,000
- Intangible fixed assets -€49,071
down €49,071 (-36.4%), from €134,846 to €85,774
- Tangible fixed assets -€12,295
down €12,295 (-25.7%), from €47,777 to €35,482
of which Furniture and vehicles: -€10,183
- Financial fixed assets -€12,060
down €12,060 (-100%), from €12,060 to €0
- Other debts -€191,084
down €191,084 (-57.6%), from €331,472 to €140,388
- Tax, wage and social debts +€7,787
up €7,787 (+209%), from €3,729 to €11,516
of which Taxes: +€8,710
- Trade debts +€7,612
up €7,612 (+213%), from €3,566 to €11,178
- Gross operating margin +€40,193
up €40,193 (+13.0%), from €308,880 to €349,073
- Taxes +€15,135
up €15,135 (+58.8%), from €25,720 to €40,855
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 | €539,412 | €368,285 | -€171,126 | -31.7% |
| Fixed assets | 21/28 | €194,683 | €121,256 | -€73,427 | -37.7% |
| Intangible fixed assets | 21 | €134,846 | €85,774 | -€49,071 | -36.4% |
| Tangible fixed assets | 22/27 | €47,777 | €35,482 | -€12,295 | -25.7% |
| Plant, machinery and equipment | 23 | €31,072 | €29,656 | -€1,416 | -4.6% |
| Furniture and vehicles | 24 | €12,471 | €2,287 | -€10,183 | -81.7% |
| Other tangible fixed assets | 26 | €4,235 | €3,539 | -€696 | -16.4% |
| Financial fixed assets | 28 | €12,060 | €0 | -€12,060 | -100% |
| Current assets | 29/58 | €344,729 | €247,029 | -€97,700 | -28.3% |
| Stocks and contracts in progress | 3 | €1,974 | €5,087 | +€3,113 | +158% |
| Stocks | 30/36 | €1,974 | €5,087 | +€3,113 | +158% |
| Amounts receivable within one year | 40/41 | €19,211 | €12,939 | -€6,272 | -32.6% |
| Trade receivables | 40 | €70 | €8,659 | +€8,589 | +12,271% |
| Other amounts receivable | 41 | €19,141 | €4,280 | -€14,861 | -77.6% |
| Current investments | 50/53 | - | €150,000 | +€150,000 | |
| Cash at bank and in hand | 54/58 | €313,859 | €73,269 | -€240,589 | -76.7% |
| Deferred charges and accrued income | 490/1 | €9,685 | €5,734 | -€3,952 | -40.8% |
| Total equity and liabilities | 10/49 | €539,412 | €368,285 | -€171,126 | -31.7% |
| Equity | 10/15 | €200,644 | €205,203 | +€4,559 | +2.3% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €170,644 | €175,203 | +€4,559 | +2.7% |
| Distributable reserves | 133 | €170,644 | €175,203 | +€4,559 | +2.7% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €338,768 | €163,082 | -€175,685 | -51.9% |
| Amounts payable within one year | 42/48 | €338,768 | €163,082 | -€175,685 | -51.9% |
| Trade debts | 44 | €3,566 | €11,178 | +€7,612 | +213% |
| Suppliers | 440/4 | €3,566 | €11,178 | +€7,612 | +213% |
| Taxes, remuneration and social security | 45 | €3,729 | €11,516 | +€7,787 | +209% |
| Taxes | 450/3 | €2,709 | €11,419 | +€8,710 | +322% |
| Remuneration and social security | 454/9 | €1,020 | €96 | -€924 | -90.6% |
| Other amounts payable | 47/48 | €331,472 | €140,388 | -€191,084 | -57.6% |
| Non-recurring operating income | 76A | - | €585 | +€585 | |
| Remuneration, social security and pensions | 62 | €113,248 | €115,837 | +€2,589 | +2.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €68,163 | €65,706 | -€2,457 | -3.6% |
| Other operating charges | 640/8 | €1,563 | €1,496 | -€67 | -4.3% |
| Gross operating margin | 9900 | €308,880 | €349,073 | +€40,193 | +13.0% |
| Operating profit (loss) | 9901 | €125,907 | €166,035 | +€40,128 | +31.9% |
| Financial income | 75/76B | €24 | €7 | -€17 | -71.4% |
| Recurring financial income | 75 | €24 | €7 | -€17 | -71.4% |
| Financial charges | 65/66B | €4,554 | €4,128 | -€426 | -9.4% |
| Recurring financial charges | 65 | €4,554 | €4,128 | -€426 | -9.4% |
| Profit (loss) for the period before taxes | 9903 | €121,377 | €161,914 | +€40,537 | +33.4% |
| Income taxes | 67/77 | €25,720 | €40,855 | +€15,135 | +58.8% |
| Profit (loss) for the period | 9904 | €95,657 | €121,059 | +€25,402 | +26.6% |
| Profit (loss) for the period to be appropriated | 9905 | €95,657 | €121,059 | +€25,402 | +26.6% |
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 29 October 2026 via checked.be.