DE SPANUIT: 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.
DE SPANUIT
Largest movements
- Current investments -€50,000
no longer reported in 2025 (was €50,000)
- Receivables within one year -€9,633
down €9,633 (-52.3%), from €18,427 to €8,793
of which Trade receivables: -€7,903
- Cash +€4,878
up €4,878 (+45.6%), from €10,706 to €15,584
mainly Current investments (+€50,000) and Depreciation (+€39,442)
- Profit (loss) carried forward -€29,622
down €29,622 (-42.7%), from €69,298 to €39,675
- Debts after one year -€15,950
down €15,950 (-9.1%), from €175,424 to €159,475
of which Financial debts: -€14,000
- Trade debts -€11,145
down €11,145 (-53.6%), from €20,791 to €9,646
- Depreciation +€18,617
up €18,617 (+89.4%), from €20,826 to €39,442
- Gross operating margin -€12,120
down €12,120 (-5.6%), from €216,286 to €204,165
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 | €385,225 | €332,416 | -€52,809 | -13.7% |
| Fixed assets | 21/28 | €283,519 | €285,424 | +€1,904 | +0.7% |
| Tangible fixed assets | 22/27 | €282,601 | €284,506 | +€1,904 | +0.7% |
| Land and buildings | 22 | €243,590 | €225,100 | -€18,490 | -7.6% |
| Plant, machinery and equipment | 23 | €29,707 | €24,725 | -€4,983 | -16.8% |
| Furniture and vehicles | 24 | €9,304 | €34,681 | +€25,377 | +273% |
| Financial fixed assets | 28 | €918 | €918 | = | 0.0% |
| Current assets | 29/58 | €101,705 | €46,992 | -€54,713 | -53.8% |
| Stocks and contracts in progress | 3 | €19,582 | €17,970 | -€1,612 | -8.2% |
| Stocks | 30/36 | €19,582 | €17,970 | -€1,612 | -8.2% |
| Amounts receivable within one year | 40/41 | €18,427 | €8,793 | -€9,633 | -52.3% |
| Trade receivables | 40 | €9,460 | €1,556 | -€7,903 | -83.6% |
| Other amounts receivable | 41 | €8,967 | €7,237 | -€1,730 | -19.3% |
| Current investments | 50/53 | €50,000 | - | -€50,000 | |
| Cash at bank and in hand | 54/58 | €10,706 | €15,584 | +€4,878 | +45.6% |
| Deferred charges and accrued income | 490/1 | €2,991 | €4,645 | +€1,654 | +55.3% |
| Total equity and liabilities | 10/49 | €385,225 | €332,416 | -€52,809 | -13.7% |
| Equity | 10/15 | €157,970 | €128,347 | -€29,622 | -18.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €70,072 | €70,072 | = | 0.0% |
| Tax-exempt reserves | 132 | €345 | €345 | = | 0.0% |
| Distributable reserves | 133 | €69,727 | €69,727 | = | 0.0% |
| Profit (loss) carried forward | 14 | €69,298 | €39,675 | -€29,622 | -42.7% |
| Amounts payable | 17/49 | €227,255 | €204,068 | -€23,187 | -10.2% |
| Amounts payable after more than one year | 17 | €175,424 | €159,475 | -€15,950 | -9.1% |
| Financial debts | 170/4 | €173,474 | €159,475 | -€14,000 | -8.1% |
| Other amounts payable | 178/9 | €1,950 | - | -€1,950 | |
| Amounts payable within one year | 42/48 | €51,831 | €44,093 | -€7,737 | -14.9% |
| Current portion of amounts payable after more than one year | 42 | €13,825 | €14,000 | +€175 | +1.3% |
| Trade debts | 44 | €20,791 | €9,646 | -€11,145 | -53.6% |
| Suppliers | 440/4 | €20,791 | €9,646 | -€11,145 | -53.6% |
| Taxes, remuneration and social security | 45 | €3,939 | €4,006 | +€68 | +1.7% |
| Taxes | 450/3 | - | €1,411 | +€1,411 | |
| Remuneration and social security | 454/9 | €3,939 | €2,595 | -€1,344 | -34.1% |
| Other amounts payable | 47/48 | €13,277 | €16,441 | +€3,165 | +23.8% |
| Accrued charges and deferred income | 492/3 | - | €500 | +€500 | |
| Remuneration, social security and pensions | 62 | €190,197 | €188,212 | -€1,985 | -1.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,826 | €39,442 | +€18,617 | +89.4% |
| Other operating charges | 640/8 | €1,232 | €1,810 | +€578 | +46.9% |
| Gross operating margin | 9900 | €216,286 | €204,165 | -€12,120 | -5.6% |
| Operating profit (loss) | 9901 | €4,031 | -€25,299 | -€29,330 | |
| Financial income | 75/76B | €1,594 | €826 | -€769 | -48.2% |
| Recurring financial income | 75 | €1,594 | €826 | -€769 | -48.2% |
| Financial charges | 65/66B | €5,135 | €5,149 | +€14 | +0.3% |
| Recurring financial charges | 65 | €5,135 | €5,149 | +€14 | +0.3% |
| Profit (loss) for the period before taxes | 9903 | €491 | -€29,622 | -€30,113 | |
| Income taxes | 67/77 | €840 | - | -€840 | |
| Profit (loss) for the period | 9904 | -€349 | -€29,622 | -€29,273 | -8,379% |
| Profit (loss) for the period to be appropriated | 9905 | -€349 | -€29,622 | -€29,273 | -8,379% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.