DE SPOREN: what changed
Two fiscal 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 SPOREN
Largest movements
- Receivables within one year +€60,986
up €60,986 (+77.5%), from €78,646 to €139,632
of which Trade receivables: +€55,410
- Tangible fixed assets -€5,789
down €5,789 (-41.4%), from €13,991 to €8,202
- Advances received +€47,311
up €47,311 (+88.9%), from €53,205 to €100,516
- Other debts -€24,121
no longer reported in 2025 (was €24,121)
- Profit (loss) carried forward +€17,673
up €17,673 (+6.9%), from -€254,304 to -€236,631
- Tax, wage and social debts +€8,781
up €8,781 (+97.6%), from €9,001 to €17,782
- Trade debts +€5,199
up €5,199 (+48.9%), from €10,623 to €15,822
- Gross operating margin +€1,394
up €1,394 (+6.1%), from €22,820 to €24,214
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.
Cash bridge derived
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 | €92,995 | €147,837 | +€54,843 | +59.0% |
| Fixed assets | 21/28 | €13,991 | €8,202 | -€5,789 | -41.4% |
| Tangible fixed assets | 22/27 | €13,991 | €8,202 | -€5,789 | -41.4% |
| Furniture and vehicles | 24 | €13,991 | €8,202 | -€5,789 | -41.4% |
| Current assets | 29/58 | €79,004 | €139,636 | +€60,632 | +76.7% |
| Amounts receivable within one year | 40/41 | €78,646 | €139,632 | +€60,986 | +77.5% |
| Trade receivables | 40 | €77,789 | €133,199 | +€55,410 | +71.2% |
| Other amounts receivable | 41 | €857 | €6,433 | +€5,576 | +650.5% |
| Cash at bank and in hand | 54/58 | €358 | €4 | -€354 | -99.0% |
| Total equity and liabilities | 10/49 | €92,995 | €147,837 | +€54,843 | +59.0% |
| Equity | 10/15 | -€3,956 | €13,717 | +€17,673 | |
| Contributions | 10/11 | €144,000 | €144,000 | = | 0.0% |
| Outside capital | 11 | €144,000 | €144,000 | = | 0.0% |
| Share premium | 1100/10 | €144,000 | €144,000 | = | 0.0% |
| Reserves | 13 | €106,348 | €106,348 | = | 0.0% |
| Non-distributable reserves | 130/1 | €14,400 | €14,400 | = | 0.0% |
| Reserves not available under the articles | 1311 | €14,400 | €14,400 | = | 0.0% |
| Distributable reserves | 133 | €91,948 | €91,948 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€254,304 | -€236,631 | +€17,673 | +6.9% |
| Amounts payable | 17/49 | €96,951 | €134,120 | +€37,169 | +38.3% |
| Amounts payable within one year | 42/48 | €96,951 | €134,120 | +€37,169 | +38.3% |
| Trade debts | 44 | €10,623 | €15,822 | +€5,199 | +48.9% |
| Suppliers | 440/4 | €10,623 | €15,822 | +€5,199 | +48.9% |
| Advances received on contracts in progress | 46 | €53,205 | €100,516 | +€47,311 | +88.9% |
| Taxes, remuneration and social security | 45 | €9,001 | €17,782 | +€8,781 | +97.6% |
| Taxes | 450/3 | €9,001 | €17,782 | +€8,781 | +97.6% |
| Other amounts payable | 47/48 | €24,121 | - | -€24,121 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,789 | €5,789 | = | 0.0% |
| Other operating charges | 640/8 | €421 | €434 | +€13 | +3.1% |
| Gross operating margin | 9900 | €22,820 | €24,214 | +€1,394 | +6.1% |
| Operating profit (loss) | 9901 | €16,609 | €17,990 | +€1,381 | +8.3% |
| Financial charges | 65/66B | €69 | €80 | +€11 | +15.9% |
| Recurring financial charges | 65 | €69 | €80 | +€11 | +15.9% |
| Profit (loss) for the period before taxes | 9903 | €16,540 | €17,910 | +€1,370 | +8.3% |
| Income taxes | 67/77 | €282 | €237 | -€45 | -16.0% |
| Profit (loss) for the period | 9904 | €16,258 | €17,673 | +€1,415 | +8.7% |
| Profit (loss) for the period to be appropriated | 9905 | €16,258 | €17,673 | +€1,415 | +8.7% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.