SPILCO: 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.
SPILCO
Largest movements
- Tangible fixed assets -€34,680
down €34,680 (-6.2%), from €555,049 to €520,369
of which Land and buildings: -€25,608
- Other debts -€34,677
down €34,677 (-10.7%), from €324,046 to €289,369
- Gross operating margin -€2,989
down €2,989 (-4.2%), from €71,482 to €68,494
- Depreciation -€2,871
down €2,871 (-4.9%), from €58,104 to €55,233
- Financial charges +€778
up €778 (+93.8%), from €829 to €1,607
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €605,991 | €574,610 | -€31,381 | -5.2% |
| Fixed assets | 21/28 | €555,049 | €520,369 | -€34,680 | -6.2% |
| Tangible fixed assets | 22/27 | €555,049 | €520,369 | -€34,680 | -6.2% |
| Land and buildings | 22 | €138,810 | €113,202 | -€25,608 | -18.4% |
| Plant, machinery and equipment | 23 | €36,401 | €44,670 | +€8,269 | +22.7% |
| Other tangible fixed assets | 26 | €379,838 | €362,497 | -€17,342 | -4.6% |
| Current assets | 29/58 | €50,942 | €54,242 | +€3,300 | +6.5% |
| Amounts receivable within one year | 40/41 | €11,468 | €10,581 | -€887 | -7.7% |
| Trade receivables | 40 | €1,918 | - | -€1,918 | |
| Other amounts receivable | 41 | €9,550 | €10,581 | +€1,031 | +10.8% |
| Cash at bank and in hand | 54/58 | €18,608 | €17,096 | -€1,513 | -8.1% |
| Deferred charges and accrued income | 490/1 | €20,866 | €26,565 | +€5,699 | +27.3% |
| Total equity and liabilities | 10/49 | €605,991 | €574,610 | -€31,381 | -5.2% |
| Equity | 10/15 | €278,907 | €279,599 | +€692 | +0.2% |
| Contributions | 10/11 | €115,000 | €115,000 | = | 0.0% |
| Capital | 10 | €115,000 | €115,000 | = | 0.0% |
| Issued capital | 100 | €115,000 | €115,000 | = | 0.0% |
| Reserves | 13 | €136,328 | €136,328 | = | 0.0% |
| Non-distributable reserves | 130/1 | €11,500 | €11,500 | = | 0.0% |
| Legal reserve | 130 | €11,500 | €11,500 | = | 0.0% |
| Tax-exempt reserves | 132 | €13,150 | €13,150 | = | 0.0% |
| Distributable reserves | 133 | €111,678 | €111,678 | = | 0.0% |
| Profit (loss) carried forward | 14 | €27,579 | €28,271 | +€692 | +2.5% |
| Amounts payable | 17/49 | €327,084 | €295,012 | -€32,072 | -9.8% |
| Amounts payable within one year | 42/48 | €326,294 | €293,865 | -€32,429 | -9.9% |
| Trade debts | 44 | €2,242 | €4,496 | +€2,255 | +101% |
| Suppliers | 440/4 | €2,242 | €4,496 | +€2,255 | +101% |
| Taxes, remuneration and social security | 45 | €7 | - | -€7 | |
| Taxes | 450/3 | €7 | - | -€7 | |
| Other amounts payable | 47/48 | €324,046 | €289,369 | -€34,677 | -10.7% |
| Accrued charges and deferred income | 492/3 | €790 | €1,147 | +€357 | +45.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €58,104 | €55,233 | -€2,871 | -4.9% |
| Other operating charges | 640/8 | €10,521 | €10,850 | +€329 | +3.1% |
| Gross operating margin | 9900 | €71,482 | €68,494 | -€2,989 | -4.2% |
| Operating profit (loss) | 9901 | €2,858 | €2,411 | -€447 | -15.6% |
| Financial charges | 65/66B | €829 | €1,607 | +€778 | +93.8% |
| Recurring financial charges | 65 | €829 | €1,607 | +€778 | +93.8% |
| Profit (loss) for the period before taxes | 9903 | €2,029 | €804 | -€1,225 | -60.4% |
| Income taxes | 67/77 | €632 | €112 | -€520 | -82.2% |
| Profit (loss) for the period | 9904 | €1,397 | €692 | -€705 | -50.5% |
| Profit (loss) for the period to be appropriated | 9905 | €1,397 | €692 | -€705 | -50.5% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.