WEB.SPICE: 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.
WEB.SPICE
Largest movements
- Cash +€17,078
up €17,078 (+38.2%), from €44,724 to €61,802
mainly Depreciation (+€22,697) and Receivables within one year (+€14,125)
- Tangible fixed assets -€16,196
down €16,196 (-14.0%), from €116,090 to €99,894
of which Furniture and vehicles: -€9,405
- Receivables within one year -€14,125
down €14,125 (-43.8%), from €32,264 to €18,139
of which Trade receivables: -€10,303
- Debts after one year -€17,391
down €17,391 (-17.0%), from €102,156 to €84,765
- Trade debts +€3,431
up €3,431 (+175%), from €1,959 to €5,390
- Reserves +€3,122
up €3,122 (+6.1%), from €51,516 to €54,638
of which Distributable reserves: +€3,122
- Gross operating margin -€4,441
down €4,441 (-8.0%), from €55,293 to €50,852
- Depreciation +€2,172
up €2,172 (+10.6%), from €20,525 to €22,697
- Taxes -€2,106
down €2,106 (-23.0%), from €9,151 to €7,046
- Other operating charges +€1,831
up €1,831 (+228%), from €803 to €2,634
- Financial charges -€750
down €750 (-13.7%), from €5,453 to €4,703
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 | €198,758 | €185,495 | -€13,263 | -6.7% |
| Fixed assets | 21/28 | €116,090 | €99,894 | -€16,196 | -14.0% |
| Tangible fixed assets | 22/27 | €116,090 | €99,894 | -€16,196 | -14.0% |
| Land and buildings | 22 | €54,211 | €47,421 | -€6,791 | -12.5% |
| Furniture and vehicles | 24 | €61,878 | €52,474 | -€9,405 | -15.2% |
| Current assets | 29/58 | €82,668 | €85,601 | +€2,932 | +3.5% |
| Amounts receivable within one year | 40/41 | €32,264 | €18,139 | -€14,125 | -43.8% |
| Trade receivables | 40 | €28,056 | €17,753 | -€10,303 | -36.7% |
| Other amounts receivable | 41 | €4,209 | €386 | -€3,822 | -90.8% |
| Cash at bank and in hand | 54/58 | €44,724 | €61,802 | +€17,078 | +38.2% |
| Deferred charges and accrued income | 490/1 | €5,680 | €5,659 | -€21 | -0.4% |
| Total equity and liabilities | 10/49 | €198,758 | €185,495 | -€13,263 | -6.7% |
| Equity | 10/15 | €51,514 | €54,635 | +€3,122 | +6.1% |
| Reserves | 13 | €51,516 | €54,638 | +€3,122 | +6.1% |
| Tax-exempt reserves | 132 | €199 | €199 | = | 0.0% |
| Distributable reserves | 133 | €51,317 | €54,439 | +€3,122 | +6.1% |
| Profit (loss) carried forward | 14 | -€2 | -€2 | = | 0.0% |
| Amounts payable | 17/49 | €147,244 | €130,859 | -€16,385 | -11.1% |
| Amounts payable after more than one year | 17 | €102,156 | €84,765 | -€17,391 | -17.0% |
| Financial debts | 170/4 | €102,156 | €84,765 | -€17,391 | -17.0% |
| Amounts payable within one year | 42/48 | €45,088 | €46,095 | +€1,006 | +2.2% |
| Current portion of amounts payable after more than one year | 42 | €16,844 | €17,391 | +€547 | +3.2% |
| Trade debts | 44 | €1,959 | €5,390 | +€3,431 | +175% |
| Suppliers | 440/4 | €1,959 | €5,390 | +€3,431 | +175% |
| Taxes, remuneration and social security | 45 | €14,440 | €12,529 | -€1,911 | -13.2% |
| Taxes | 450/3 | €14,440 | €12,529 | -€1,911 | -13.2% |
| Other amounts payable | 47/48 | €11,845 | €10,785 | -€1,060 | -8.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,525 | €22,697 | +€2,172 | +10.6% |
| Other operating charges | 640/8 | €803 | €2,634 | +€1,831 | +228% |
| Gross operating margin | 9900 | €55,293 | €50,852 | -€4,441 | -8.0% |
| Operating profit (loss) | 9901 | €33,964 | €25,520 | -€8,444 | -24.9% |
| Financial income | 75/76B | €43 | €1 | -€43 | -98.4% |
| Recurring financial income | 75 | €43 | €1 | -€43 | -98.4% |
| Financial charges | 65/66B | €5,453 | €4,703 | -€750 | -13.7% |
| Recurring financial charges | 65 | €5,453 | €4,703 | -€750 | -13.7% |
| Profit (loss) for the period before taxes | 9903 | €28,554 | €20,818 | -€7,737 | -27.1% |
| Income taxes | 67/77 | €9,151 | €7,046 | -€2,106 | -23.0% |
| Profit (loss) for the period | 9904 | €19,403 | €13,772 | -€5,631 | -29.0% |
| Profit (loss) for the period to be appropriated | 9905 | €19,403 | €13,772 | -€5,631 | -29.0% |
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.