Het Spinhuis: 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.
Het Spinhuis
Largest movements
- Current investments -€618,034
down €618,034 (-4.8%), from €12.9m to €12.3m
- Cash -€226,103
down €226,103 (-49.8%), from €453,752 to €227,649
mainly Net result for the year (-€844,137)
- Profit (loss) carried forward -€844,137
down €844,137, from €310,142 to -€533,995
- Financial charges +€377,762
up €377,762 (+488.3%), from €77,368 to €455,130
- Financial income -€353,524
down €353,524 (-51.1%), from €692,034 to €338,509
- Gross operating margin -€179,458
down €179,458 (-38.6%), from -€464,881 to -€644,338
- Taxes -€110,803
down €110,803 (-57.1%), from €193,981 to €83,178
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 | €13,371,589 | €12,527,452 | -€844,137 | -6.3% |
| Current assets | 29/58 | €13,371,589 | €12,527,452 | -€844,137 | -6.3% |
| Current investments | 50/53 | €12,917,837 | €12,299,803 | -€618,034 | -4.8% |
| Cash at bank and in hand | 54/58 | €453,752 | €227,649 | -€226,103 | -49.8% |
| Total equity and liabilities | 10/49 | €13,371,589 | €12,527,452 | -€844,137 | -6.3% |
| Equity | 10/15 | €13,371,589 | €12,527,452 | -€844,137 | -6.3% |
| Contributions | 10/11 | €13,061,447 | €13,061,447 | = | 0.0% |
| Capital | 10 | €13,061,447 | €13,061,447 | = | 0.0% |
| Profit (loss) carried forward | 14 | €310,142 | -€533,995 | -€844,137 | |
| Gross operating margin | 9900 | -€464,881 | -€644,338 | -€179,458 | -38.6% |
| Operating profit (loss) | 9901 | -€464,881 | -€644,338 | -€179,458 | -38.6% |
| Financial income | 75/76B | €692,034 | €338,509 | -€353,524 | -51.1% |
| Recurring financial income | 75 | €692,034 | €338,509 | -€353,524 | -51.1% |
| Financial charges | 65/66B | €77,368 | €455,130 | +€377,762 | +488.3% |
| Recurring financial charges | 65 | €77,368 | €455,130 | +€377,762 | +488.3% |
| Profit (loss) for the period before taxes | 9903 | €149,785 | -€760,959 | -€910,744 | |
| Income taxes | 67/77 | €193,981 | €83,178 | -€110,803 | -57.1% |
| Profit (loss) for the period | 9904 | -€44,196 | -€844,137 | -€799,941 | -1810.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€44,196 | -€844,137 | -€799,941 | -1810.0% |
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 11 October 2026 via checked.be.