AB Spinecare: 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.
AB Spinecare
Largest movements
- Receivables after one year -€30,000
down €30,000 (-52.2%), from €57,512 to €27,512
- Cash -€27,267
down €27,267 (-72.8%), from €37,463 to €10,196
mainly Contributions, distributions and other (-€32,513) and Investment in fixed assets (net) (-€12,482)
- Receivables within one year +€10,927
up €10,927 (+2,580%), from €423 to €11,351
- Tangible fixed assets +€7,966
up €7,966 (+72.6%), from €10,968 to €18,934
of which Plant, machinery and equipment: +€5,263
- Deferred charges and accrued income -€5,467
down €5,467 (-13.3%), from €41,181 to €35,714
- Reserves -€32,513
down €32,513 (-50.4%), from €64,461 to €31,947
of which Distributable reserves: -€32,513
- Tax, wage and social debts -€6,213
no longer reported in 2025 (was €6,213)
- Trade debts -€2,927
down €2,927 (-44.4%), from €6,591 to €3,664
- Gross operating margin -€17,432
down €17,432 (-77.3%), from €22,557 to €5,124
- Taxes -€9,985
down €9,985 (-92.1%), from €10,843 to €858
- Financial charges -€2,971
down €2,971 (-83.0%), from €3,578 to €607
of which Non-recurring financial charges: -€3,003
- Depreciation +€509
up €509 (+12.7%), from €4,007 to €4,516
- Other operating charges -€438
down €438 (-39.3%), from €1,114 to €676
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 | €158,185 | €115,844 | -€42,341 | -26.8% |
| Fixed assets | 21/28 | €10,968 | €18,934 | +€7,966 | +72.6% |
| Tangible fixed assets | 22/27 | €10,968 | €18,934 | +€7,966 | +72.6% |
| Plant, machinery and equipment | 23 | €8,077 | €13,340 | +€5,263 | +65.2% |
| Furniture and vehicles | 24 | €2,890 | €5,594 | +€2,703 | +93.5% |
| Current assets | 29/58 | €147,217 | €96,910 | -€50,307 | -34.2% |
| Amounts receivable after more than one year | 29 | €57,512 | €27,512 | -€30,000 | -52.2% |
| Trade receivables | 290 | €57,512 | €27,512 | -€30,000 | -52.2% |
| Amounts receivable within one year | 40/41 | €423 | €11,351 | +€10,927 | +2,580% |
| Other amounts receivable | 41 | €423 | €11,351 | +€10,927 | +2,580% |
| Current investments | 50/53 | €10,637 | €12,137 | +€1,500 | +14.1% |
| Cash at bank and in hand | 54/58 | €37,463 | €10,196 | -€27,267 | -72.8% |
| Deferred charges and accrued income | 490/1 | €41,181 | €35,714 | -€5,467 | -13.3% |
| Total equity and liabilities | 10/49 | €158,185 | €115,844 | -€42,341 | -26.8% |
| Equity | 10/15 | €143,596 | €110,498 | -€33,099 | -23.0% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €64,461 | €31,947 | -€32,513 | -50.4% |
| 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 | €62,601 | €30,087 | -€32,513 | -51.9% |
| Profit (loss) carried forward | 14 | €69,136 | €68,550 | -€585 | -0.8% |
| Amounts payable | 17/49 | €14,588 | €5,346 | -€9,242 | -63.4% |
| Amounts payable within one year | 42/48 | €14,588 | €5,346 | -€9,242 | -63.4% |
| Financial debts | 43 | €1,690 | €1,682 | -€8 | -0.5% |
| Credit institutions | 430/8 | €1,690 | €1,682 | -€8 | -0.5% |
| Trade debts | 44 | €6,591 | €3,664 | -€2,927 | -44.4% |
| Suppliers | 440/4 | €6,591 | €3,664 | -€2,927 | -44.4% |
| Taxes, remuneration and social security | 45 | €6,213 | - | -€6,213 | |
| Taxes | 450/3 | €6,213 | - | -€6,213 | |
| Other amounts payable | 47/48 | €94 | - | -€94 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,007 | €4,516 | +€509 | +12.7% |
| Other operating charges | 640/8 | €1,114 | €676 | -€438 | -39.3% |
| Gross operating margin | 9900 | €22,557 | €5,124 | -€17,432 | -77.3% |
| Operating profit (loss) | 9901 | €17,436 | -€67 | -€17,503 | |
| Financial income | 75/76B | €1,350 | €947 | -€403 | -29.8% |
| Recurring financial income | 75 | €1,350 | €947 | -€403 | -29.8% |
| Financial charges | 65/66B | €3,578 | €607 | -€2,971 | -83.0% |
| Recurring financial charges | 65 | €575 | €607 | +€32 | +5.6% |
| Non-recurring financial charges | 66B | €3,003 | - | -€3,003 | |
| Profit (loss) for the period before taxes | 9903 | €15,208 | €273 | -€14,935 | -98.2% |
| Income taxes | 67/77 | €10,843 | €858 | -€9,985 | -92.1% |
| Profit (loss) for the period | 9904 | €4,365 | -€585 | -€4,950 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,365 | -€585 | -€4,950 |
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 1 November 2026 via checked.be.