TSPIE: 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.
TSPIE
Largest movements
- Receivables within one year +€15,176
up €15,176 (+81.8%), from €18,550 to €33,727
of which Other amounts receivable: +€12,030
- Tangible fixed assets -€11,536
down €11,536 (-40.9%), from €28,209 to €16,674
of which Furniture and vehicles: -€6,632
- Stocks and contracts -€4,257
down €4,257 (-28.8%), from €14,757 to €10,500
- Deferred charges and accrued income +€2,956
up €2,956 (+60.9%), from €4,853 to €7,809
- Cash -€1,239
no longer reported in 2025 (was €1,239)
mainly Receivables within one year (-€15,176) and Deferred charges and accrued income (-€2,956)
- Trade debts +€3,423
up €3,423 (+62.1%), from €5,510 to €8,933
- Tax, wage and social debts -€2,617
down €2,617 (-24.7%), from €10,605 to €7,988
- Gross operating margin -€3,810
down €3,810 (-15.4%), from €24,789 to €20,978
- Taxes -€2,762
down €2,762 (-55.3%), from €4,998 to €2,235
- Financial charges +€1,519
up €1,519 (+210%), from €722 to €2,241
- Staff costs +€1,204
up €1,204 (+82.6%), from €1,458 to €2,662
- Other operating charges +€1,110
up €1,110 (+121%), from €920 to €2,029
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 | €67,833 | €68,934 | +€1,101 | +1.6% |
| Fixed assets | 21/28 | €28,434 | €16,899 | -€11,536 | -40.6% |
| Tangible fixed assets | 22/27 | €28,209 | €16,674 | -€11,536 | -40.9% |
| Land and buildings | 22 | €13,079 | €8,877 | -€4,202 | -32.1% |
| Plant, machinery and equipment | 23 | €3,510 | €2,808 | -€702 | -20.0% |
| Furniture and vehicles | 24 | €11,621 | €4,989 | -€6,632 | -57.1% |
| Financial fixed assets | 28 | €225 | €225 | = | 0.0% |
| Current assets | 29/58 | €39,399 | €52,035 | +€12,636 | +32.1% |
| Stocks and contracts in progress | 3 | €14,757 | €10,500 | -€4,257 | -28.8% |
| Stocks | 30/36 | €14,757 | €10,500 | -€4,257 | -28.8% |
| Amounts receivable within one year | 40/41 | €18,550 | €33,727 | +€15,176 | +81.8% |
| Trade receivables | 40 | €9,026 | €12,172 | +€3,146 | +34.9% |
| Other amounts receivable | 41 | €9,524 | €21,554 | +€12,030 | +126% |
| Cash at bank and in hand | 54/58 | €1,239 | - | -€1,239 | |
| Deferred charges and accrued income | 490/1 | €4,853 | €7,809 | +€2,956 | +60.9% |
| Total equity and liabilities | 10/49 | €67,833 | €68,934 | +€1,101 | +1.6% |
| Equity | 10/15 | €51,718 | €51,993 | +€275 | +0.5% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €14,555 | €14,830 | +€275 | +1.9% |
| Non-distributable reserves | 130/1 | €1,321 | €1,321 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,321 | €1,321 | = | 0.0% |
| Distributable reserves | 133 | €13,234 | €13,509 | +€275 | +2.1% |
| Profit (loss) carried forward | 14 | €12,163 | €12,163 | = | 0.0% |
| Amounts payable | 17/49 | €16,115 | €16,941 | +€826 | +5.1% |
| Amounts payable within one year | 42/48 | €16,115 | €16,941 | +€826 | +5.1% |
| Financial debts | 43 | - | €20 | +€20 | |
| Credit institutions | 430/8 | - | €20 | +€20 | |
| Trade debts | 44 | €5,510 | €8,933 | +€3,423 | +62.1% |
| Suppliers | 440/4 | €5,510 | €8,933 | +€3,423 | +62.1% |
| Taxes, remuneration and social security | 45 | €10,605 | €7,988 | -€2,617 | -24.7% |
| Taxes | 450/3 | €10,605 | €7,988 | -€2,617 | -24.7% |
| Remuneration, social security and pensions | 62 | €1,458 | €2,662 | +€1,204 | +82.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,940 | €11,536 | -€404 | -3.4% |
| Other operating charges | 640/8 | €920 | €2,029 | +€1,110 | +121% |
| Gross operating margin | 9900 | €24,789 | €20,978 | -€3,810 | -15.4% |
| Operating profit (loss) | 9901 | €10,471 | €4,751 | -€5,720 | -54.6% |
| Financial income | 75/76B | €388 | €0 | -€388 | -100.0% |
| Recurring financial income | 75 | €388 | €0 | -€388 | -100.0% |
| Financial charges | 65/66B | €722 | €2,241 | +€1,519 | +210% |
| Recurring financial charges | 65 | €722 | €2,241 | +€1,519 | +210% |
| Profit (loss) for the period before taxes | 9903 | €10,137 | €2,510 | -€7,627 | -75.2% |
| Income taxes | 67/77 | €4,998 | €2,235 | -€2,762 | -55.3% |
| Profit (loss) for the period | 9904 | €5,140 | €275 | -€4,865 | -94.7% |
| Profit (loss) for the period to be appropriated | 9905 | €5,140 | €275 | -€4,865 | -94.7% |
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 17 October 2026 via checked.be.