IMMO SPINNOY: what changed
IMMO SPINNOY
Largest movements
- Cash +€161,865
up €161,865 (+155%), from €104,209 to €266,075
mainly Receivables within one year (+€145,000) and Net result for the year (+€72,861)
- Receivables within one year -€145,000
no longer reported in 2025 (was €145,000)
- Tangible fixed assets +€29,037
up €29,037 (+13.6%), from €213,295 to €242,332
of which Land and buildings: +€48,939
- Reserves +€72,861
up €72,861 (+52.7%), from €138,208 to €211,069
of which Distributable reserves: +€72,861
- Debts after one year -€15,000
down €15,000 (-17.6%), from €85,000 to €70,000
- Tax, wage and social debts -€11,142
down €11,142 (-61.2%), from €18,192 to €7,050
- Financial income +€11,776
new in 2025: €11,776
of which Financial income: +€11,776
- Gross operating margin +€9,334
up €9,334 (+8.5%), from €110,236 to €119,570
- Depreciation +€4,934
up €4,934 (+28.2%), from €17,500 to €22,434
- Taxes +€3,642
up €3,642 (+17.1%), from €21,281 to €24,922
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €463,423 | €509,943 | +€46,521 | +10.0% |
| Fixed assets | 21/28 | €213,295 | €242,332 | +€29,037 | +13.6% |
| Tangible fixed assets | 22/27 | €213,295 | €242,332 | +€29,037 | +13.6% |
| Land and buildings | 22 | €46,000 | €94,939 | +€48,939 | +106% |
| Plant, machinery and equipment | 23 | €91,152 | €71,250 | -€19,902 | -21.8% |
| Other tangible fixed assets | 26 | €76,143 | €76,143 | = | 0.0% |
| Current assets | 29/58 | €250,128 | €267,612 | +€17,483 | +7.0% |
| Amounts receivable within one year | 40/41 | €145,000 | - | -€145,000 | |
| Other amounts receivable | 41 | €145,000 | - | -€145,000 | |
| Cash at bank and in hand | 54/58 | €104,209 | €266,075 | +€161,865 | +155% |
| Deferred charges and accrued income | 490/1 | €919 | €1,537 | +€618 | +67.3% |
| Total equity and liabilities | 10/49 | €463,423 | €509,943 | +€46,521 | +10.0% |
| Equity | 10/15 | €338,208 | €411,069 | +€72,861 | +21.5% |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Capital | 10 | €200,000 | €200,000 | = | 0.0% |
| Issued capital | 100 | €200,000 | €200,000 | = | 0.0% |
| Reserves | 13 | €138,208 | €211,069 | +€72,861 | +52.7% |
| Non-distributable reserves | 130/1 | €4,675 | €4,675 | = | 0.0% |
| Legal reserve | 130 | €4,675 | €4,675 | = | 0.0% |
| Distributable reserves | 133 | €133,533 | €206,394 | +€72,861 | +54.6% |
| Amounts payable | 17/49 | €125,214 | €98,874 | -€26,340 | -21.0% |
| Amounts payable after more than one year | 17 | €85,000 | €70,000 | -€15,000 | -17.6% |
| Financial debts | 170/4 | €85,000 | €70,000 | -€15,000 | -17.6% |
| Amounts payable within one year | 42/48 | €40,214 | €28,874 | -€11,340 | -28.2% |
| Current portion of amounts payable after more than one year | 42 | €15,000 | €15,000 | = | 0.0% |
| Trade debts | 44 | €3,422 | €3,225 | -€198 | -5.8% |
| Suppliers | 440/4 | €3,422 | €3,225 | -€198 | -5.8% |
| Taxes, remuneration and social security | 45 | €18,192 | €7,050 | -€11,142 | -61.2% |
| Taxes | 450/3 | €18,192 | €7,050 | -€11,142 | -61.2% |
| Other amounts payable | 47/48 | €3,600 | €3,600 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,500 | €22,434 | +€4,934 | +28.2% |
| Other operating charges | 640/8 | €9,310 | €9,598 | +€288 | +3.1% |
| Gross operating margin | 9900 | €110,236 | €119,570 | +€9,334 | +8.5% |
| Operating profit (loss) | 9901 | €83,426 | €87,537 | +€4,111 | +4.9% |
| Financial income | 75/76B | - | €11,776 | +€11,776 | |
| Recurring financial income | 75 | - | €11,776 | +€11,776 | |
| Non-recurring financial income | 76B | - | €11,776 | +€11,776 | |
| Financial charges | 65/66B | €1,762 | €1,530 | -€231 | -13.1% |
| Recurring financial charges | 65 | €1,762 | €1,530 | -€231 | -13.1% |
| Profit (loss) for the period before taxes | 9903 | €81,665 | €97,783 | +€16,119 | +19.7% |
| Income taxes | 67/77 | €21,281 | €24,922 | +€3,642 | +17.1% |
| Profit (loss) for the period | 9904 | €60,384 | €72,861 | +€12,477 | +20.7% |
| Profit (loss) for the period to be appropriated | 9905 | €60,384 | €72,861 | +€12,477 | +20.7% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.