DE SPIRAAL: 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 SPIRAAL
Largest movements
- Tangible fixed assets +€17,123
up €17,123 (+3.1%), from €561,402 to €578,525
of which Leasing and similar rights: +€43,502
- Debts after one year +€28,655
up €28,655 (+916%), from €3,129 to €31,783
- Profit (loss) carried forward -€15,486
down €15,486 (-41.6%), from -€37,187 to -€52,674
- Other debts +€8,047
up €8,047 (+1.6%), from €500,322 to €508,369
- Accrued charges and deferred income -€7,500
down €7,500 (-100%), from €7,500 to €0
- Gross operating margin +€6,799
up €6,799 (+29.5%), from €23,060 to €29,860
- Depreciation -€5,134
down €5,134 (-12.2%), from €41,991 to €36,857
- Other operating charges +€649
up €649 (+10.8%), from €5,991 to €6,641
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 | €567,692 | €584,937 | +€17,244 | +3.0% |
| Fixed assets | 21/28 | €563,116 | €579,828 | +€16,712 | +3.0% |
| Intangible fixed assets | 21 | €1,364 | €953 | -€411 | -30.2% |
| Tangible fixed assets | 22/27 | €561,402 | €578,525 | +€17,123 | +3.1% |
| Land and buildings | 22 | €27,309 | €24,403 | -€2,906 | -10.6% |
| Plant, machinery and equipment | 23 | €23,585 | €19,229 | -€4,356 | -18.5% |
| Leasing and similar rights | 25 | €10,740 | €54,242 | +€43,502 | +405% |
| Other tangible fixed assets | 26 | €499,767 | €480,651 | -€19,116 | -3.8% |
| Financial fixed assets | 28 | €350 | €350 | = | 0.0% |
| Current assets | 29/58 | €4,577 | €5,109 | +€533 | +11.6% |
| Cash at bank and in hand | 54/58 | €2,352 | €215 | -€2,137 | -90.9% |
| Deferred charges and accrued income | 490/1 | €2,224 | €4,894 | +€2,670 | +120% |
| Total equity and liabilities | 10/49 | €567,692 | €584,937 | +€17,244 | +3.0% |
| Equity | 10/15 | €34,313 | €18,826 | -€15,486 | -45.1% |
| Contributions | 10/11 | €65,000 | €65,000 | = | 0.0% |
| Capital | 10 | €65,000 | €65,000 | = | 0.0% |
| Issued capital | 100 | €65,000 | €65,000 | = | 0.0% |
| Reserves | 13 | €6,500 | €6,500 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,500 | €6,500 | = | 0.0% |
| Legal reserve | 130 | €6,500 | €6,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€37,187 | -€52,674 | -€15,486 | -41.6% |
| Amounts payable | 17/49 | €533,380 | €566,111 | +€32,731 | +6.1% |
| Amounts payable after more than one year | 17 | €3,129 | €31,783 | +€28,655 | +916% |
| Financial debts | 170/4 | €3,129 | €31,783 | +€28,655 | +916% |
| Amounts payable within one year | 42/48 | €522,751 | €534,327 | +€11,576 | +2.2% |
| Current portion of amounts payable after more than one year | 42 | €21,983 | €25,427 | +€3,444 | +15.7% |
| Trade debts | 44 | €187 | €399 | +€212 | +114% |
| Suppliers | 440/4 | €187 | €399 | +€212 | +114% |
| Taxes, remuneration and social security | 45 | €259 | €132 | -€127 | -48.9% |
| Taxes | 450/3 | €259 | €132 | -€127 | -48.9% |
| Other amounts payable | 47/48 | €500,322 | €508,369 | +€8,047 | +1.6% |
| Accrued charges and deferred income | 492/3 | €7,500 | €0 | -€7,500 | -100% |
| Non-recurring operating income | 76A | - | €16,885 | +€16,885 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,991 | €36,857 | -€5,134 | -12.2% |
| Other operating charges | 640/8 | €5,991 | €6,641 | +€649 | +10.8% |
| Gross operating margin | 9900 | €23,060 | €29,860 | +€6,799 | +29.5% |
| Operating profit (loss) | 9901 | -€24,922 | -€13,638 | +€11,284 | +45.3% |
| Financial income | 75/76B | €6 | €0 | -€6 | -98.8% |
| Recurring financial income | 75 | €6 | €0 | -€6 | -98.8% |
| Financial charges | 65/66B | €1,520 | €1,716 | +€196 | +12.9% |
| Recurring financial charges | 65 | €1,520 | €1,716 | +€196 | +12.9% |
| Profit (loss) for the period before taxes | 9903 | -€26,435 | -€15,354 | +€11,081 | +41.9% |
| Income taxes | 67/77 | €134 | €132 | -€2 | -1.4% |
| Profit (loss) for the period | 9904 | -€26,569 | -€15,486 | +€11,083 | +41.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€26,569 | -€15,486 | +€11,083 | +41.7% |
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 1 November 2026 via checked.be.