LA TABLE DE SPA: 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.
LA TABLE DE SPA
Largest movements
- Cash +€244,482
up €244,482 (+138.5%), from €176,548 to €421,029
mainly Net result for the year (+€138,393) and Tax, wage and social debts (+€91,359)
- Receivables within one year +€33,346
up €33,346 (+135.4%), from €24,628 to €57,975
of which Trade receivables: +€27,707
- Tangible fixed assets +€5,898
up €5,898 (+24.9%), from €23,712 to €29,610
- Reserves +€100,000
up €100,000 (+76.9%), from €130,000 to €230,000
- Tax, wage and social debts +€91,359
up €91,359 (+97.4%), from €93,779 to €185,138
of which Remuneration and social security: +€46,108
- Trade debts +€73,785
up €73,785 (+264.9%), from €27,854 to €101,638
- Profit (loss) carried forward +€38,393
up €38,393 (+342.3%), from €11,216 to €49,609
- Other debts -€21,079
down €21,079 (-98.2%), from €21,474 to €395
- Gross operating margin +€520,242
up €520,242 (+129.4%), from €402,139 to €922,381
- Staff costs +€419,801
up €419,801 (+147.4%), from €284,811 to €704,612
- Taxes +€29,236
up €29,236 (+113.0%), from €25,869 to €55,105
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 | €287,322 | €569,780 | +€282,458 | +98.3% |
| Fixed assets | 21/28 | €69,696 | €70,593 | +€898 | +1.3% |
| Intangible fixed assets | 21 | €39,583 | €34,583 | -€5,000 | -12.6% |
| Tangible fixed assets | 22/27 | €23,712 | €29,610 | +€5,898 | +24.9% |
| Furniture and vehicles | 24 | €23,712 | €29,610 | +€5,898 | +24.9% |
| Financial fixed assets | 28 | €6,400 | €6,400 | = | 0.0% |
| Current assets | 29/58 | €217,627 | €499,186 | +€281,560 | +129.4% |
| Stocks and contracts in progress | 3 | €16,000 | €20,000 | +€4,000 | +25.0% |
| Stocks | 30/36 | €16,000 | €20,000 | +€4,000 | +25.0% |
| Amounts receivable within one year | 40/41 | €24,628 | €57,975 | +€33,346 | +135.4% |
| Trade receivables | 40 | - | €27,707 | +€27,707 | |
| Other amounts receivable | 41 | €24,628 | €30,268 | +€5,639 | +22.9% |
| Cash at bank and in hand | 54/58 | €176,548 | €421,029 | +€244,482 | +138.5% |
| Deferred charges and accrued income | 490/1 | €451 | €183 | -€268 | -59.5% |
| Total equity and liabilities | 10/49 | €287,322 | €569,780 | +€282,458 | +98.3% |
| Equity | 10/15 | €144,216 | €282,609 | +€138,393 | +96.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €130,000 | €230,000 | +€100,000 | +76.9% |
| Distributable reserves | 133 | €130,000 | €230,000 | +€100,000 | +76.9% |
| Profit (loss) carried forward | 14 | €11,216 | €49,609 | +€38,393 | +342.3% |
| Amounts payable | 17/49 | €143,106 | €287,171 | +€144,065 | +100.7% |
| Amounts payable within one year | 42/48 | €143,106 | €287,171 | +€144,065 | +100.7% |
| Trade debts | 44 | €27,854 | €101,638 | +€73,785 | +264.9% |
| Suppliers | 440/4 | €27,854 | €101,638 | +€73,785 | +264.9% |
| Taxes, remuneration and social security | 45 | €93,779 | €185,138 | +€91,359 | +97.4% |
| Taxes | 450/3 | €58,505 | €103,756 | +€45,251 | +77.3% |
| Remuneration and social security | 454/9 | €35,274 | €81,382 | +€46,108 | +130.7% |
| Other amounts payable | 47/48 | €21,474 | €395 | -€21,079 | -98.2% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €284,811 | €704,612 | +€419,801 | +147.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,381 | €16,485 | +€5,104 | +44.8% |
| Other operating charges | 640/8 | €6,885 | €4,840 | -€2,046 | -29.7% |
| Gross operating margin | 9900 | €402,139 | €922,381 | +€520,242 | +129.4% |
| Operating profit (loss) | 9901 | €99,062 | €196,445 | +€97,383 | +98.3% |
| Financial income | 75/76B | €552 | €2,464 | +€1,912 | +346.1% |
| Recurring financial income | 75 | €552 | €2,464 | +€1,912 | +346.1% |
| Financial charges | 65/66B | €1,793 | €5,410 | +€3,617 | +201.7% |
| Recurring financial charges | 65 | €1,793 | €5,410 | +€3,617 | +201.7% |
| Profit (loss) for the period before taxes | 9903 | €97,821 | €193,498 | +€95,677 | +97.8% |
| Income taxes | 67/77 | €25,869 | €55,105 | +€29,236 | +113.0% |
| Profit (loss) for the period | 9904 | €71,951 | €138,393 | +€66,441 | +92.3% |
| Profit (loss) for the period to be appropriated | 9905 | €71,951 | €138,393 | +€66,441 | +92.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.