ERIC SPAAS: 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.
ERIC SPAAS
Largest movements
- Tangible fixed assets +€42,558
up €42,558 (+3.0%), from €1.4m to €1.5m
of which Land and buildings: +€35,833
- Receivables within one year +€36,201
up €36,201 (+201005.1%), from €18 to €36,219
of which Trade receivables: +€35,678
- Reserves -€429,623
down €429,623 (-66.1%), from €649,901 to €220,278
- Debts after one year +€353,858
up €353,858 (+1458.2%), from €24,266 to €378,124
- Other debts +€98,850
up €98,850 (+13.6%), from €728,133 to €826,983
- Short-term financial debts +€45,233
up €45,233 (+163.4%), from €27,682 to €72,915
- Current portion of long-term debt -€29,536
down €29,536 (-39.0%), from €75,678 to €46,142
- Gross operating margin -€29,156
down €29,156 (-14.5%), from €200,817 to €171,661
- Financial charges -€17,600
down €17,600 (-81.6%), from €21,574 to €3,974
- Taxes -€9,124
down €9,124 (-17.3%), from €52,755 to €43,631
- Other operating charges +€7,787
up €7,787 (+145.8%), from €5,342 to €13,129
- Depreciation +€3,543
up €3,543 (+15.3%), from €23,209 to €26,752
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 | €1,727,494 | €1,799,528 | +€72,034 | +4.2% |
| Fixed assets | 21/28 | €1,659,504 | €1,702,562 | +€43,058 | +2.6% |
| Tangible fixed assets | 22/27 | €1,431,504 | €1,474,062 | +€42,558 | +3.0% |
| Land and buildings | 22 | €1,309,075 | €1,344,908 | +€35,833 | +2.7% |
| Plant, machinery and equipment | 23 | €1,540 | €1,510 | -€30 | -1.9% |
| Furniture and vehicles | 24 | €91,245 | €96,250 | +€5,005 | +5.5% |
| Other tangible fixed assets | 26 | €29,644 | €31,394 | +€1,750 | +5.9% |
| Financial fixed assets | 28 | €228,000 | €228,500 | +€500 | +0.2% |
| Current assets | 29/58 | €67,990 | €96,966 | +€28,976 | +42.6% |
| Amounts receivable within one year | 40/41 | €18 | €36,219 | +€36,201 | +201005.1% |
| Trade receivables | 40 | €0 | €35,678 | +€35,678 | |
| Other amounts receivable | 41 | €18 | €541 | +€523 | +2904.3% |
| Cash at bank and in hand | 54/58 | €61,394 | €51,362 | -€10,032 | -16.3% |
| Deferred charges and accrued income | 490/1 | €6,578 | €9,385 | +€2,807 | +42.7% |
| Total equity and liabilities | 10/49 | €1,727,494 | €1,799,528 | +€72,034 | +4.2% |
| Equity | 10/15 | €656,101 | €226,478 | -€429,623 | -65.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €649,901 | €220,278 | -€429,623 | -66.1% |
| Distributable reserves | 133 | €649,901 | €220,278 | -€429,623 | -66.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €185,470 | €185,470 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €185,470 | €185,470 | = | 0.0% |
| Pensions and similar obligations | 160 | €185,470 | €185,470 | = | 0.0% |
| Amounts payable | 17/49 | €885,924 | €1,387,581 | +€501,657 | +56.6% |
| Amounts payable after more than one year | 17 | €24,266 | €378,124 | +€353,858 | +1458.2% |
| Financial debts | 170/4 | €24,266 | €378,124 | +€353,858 | +1458.2% |
| Amounts payable within one year | 42/48 | €848,812 | €979,970 | +€131,159 | +15.5% |
| Current portion of amounts payable after more than one year | 42 | €75,678 | €46,142 | -€29,536 | -39.0% |
| Financial debts | 43 | €27,682 | €72,915 | +€45,233 | +163.4% |
| Credit institutions | 430/8 | €27,682 | €72,915 | +€45,233 | +163.4% |
| Trade debts | 44 | €460 | €5,032 | +€4,573 | +995.1% |
| Suppliers | 440/4 | €460 | €5,032 | +€4,573 | +995.1% |
| Taxes, remuneration and social security | 45 | €16,860 | €28,899 | +€12,039 | +71.4% |
| Taxes | 450/3 | €11,760 | €28,899 | +€17,139 | +145.7% |
| Remuneration and social security | 454/9 | €5,100 | €0 | -€5,100 | -100.0% |
| Other amounts payable | 47/48 | €728,133 | €826,983 | +€98,850 | +13.6% |
| Accrued charges and deferred income | 492/3 | €12,845 | €29,486 | +€16,640 | +129.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,209 | €26,752 | +€3,543 | +15.3% |
| Other operating charges | 640/8 | €5,342 | €13,129 | +€7,787 | +145.8% |
| Gross operating margin | 9900 | €200,817 | €171,661 | -€29,156 | -14.5% |
| Operating profit (loss) | 9901 | €172,266 | €131,780 | -€40,486 | -23.5% |
| Financial income | 75/76B | €1,251 | €671 | -€580 | -46.4% |
| Recurring financial income | 75 | €1,251 | €671 | -€580 | -46.4% |
| Financial charges | 65/66B | €21,574 | €3,974 | -€17,600 | -81.6% |
| Recurring financial charges | 65 | €21,574 | €3,974 | -€17,600 | -81.6% |
| Profit (loss) for the period before taxes | 9903 | €151,943 | €128,477 | -€23,466 | -15.4% |
| Income taxes | 67/77 | €52,755 | €43,631 | -€9,124 | -17.3% |
| Profit (loss) for the period | 9904 | €99,189 | €84,846 | -€14,342 | -14.5% |
| Profit (loss) for the period to be appropriated | 9905 | €99,189 | €84,846 | -€14,342 | -14.5% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.