LO SPUNTINO: what changed
LO SPUNTINO
Largest movements
- Cash -€9,209
down €9,209 (-66.8%), from €13,788 to €4,580
mainly Contributions, distributions and other (-€13,761) and Debts after one year (-€12,282)
- Tangible fixed assets -€7,460
down €7,460 (-22.4%), from €33,334 to €25,874
of which Other tangible fixed assets: -€4,722
- Stocks and contracts -€2,003
down €2,003 (-20.4%), from €9,800 to €7,797
- Deferred charges and accrued income -€1,825
down €1,825 (-16.9%), from €10,812 to €8,986
- Debts after one year -€12,282
down €12,282 (-70.3%), from €17,463 to €5,181
- Contributions -€12,243
down €12,243 (-61.2%), from €20,000 to €7,757
- Trade debts +€9,716
up €9,716 (+120%), from €8,118 to €17,834
- Tax, wage and social debts -€5,374
down €5,374 (-41.1%), from €13,067 to €7,693
of which Taxes: -€5,242
- Other debts -€1,037
no longer reported in 2025 (was €1,037)
- Gross operating margin -€2,078
down €2,078 (-1.9%), from €107,731 to €105,653
- Staff costs +€1,590
up €1,590 (+1.8%), from €88,265 to €89,855
- Depreciation -€1,166
down €1,166 (-13.5%), from €8,627 to €7,460
- Taxes -€1,165
down €1,165 (-48.4%), from €2,404 to €1,240
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 | €74,235 | €54,216 | -€20,020 | -27.0% |
| Fixed assets | 21/28 | €37,239 | €29,779 | -€7,460 | -20.0% |
| Tangible fixed assets | 22/27 | €33,334 | €25,874 | -€7,460 | -22.4% |
| Plant, machinery and equipment | 23 | €4,046 | €1,307 | -€2,739 | -67.7% |
| Other tangible fixed assets | 26 | €29,288 | €24,567 | -€4,722 | -16.1% |
| Financial fixed assets | 28 | €3,905 | €3,905 | = | 0.0% |
| Current assets | 29/58 | €36,996 | €24,437 | -€12,559 | -33.9% |
| Stocks and contracts in progress | 3 | €9,800 | €7,797 | -€2,003 | -20.4% |
| Stocks | 30/36 | €9,800 | €7,797 | -€2,003 | -20.4% |
| Amounts receivable within one year | 40/41 | €2,596 | €3,073 | +€477 | +18.4% |
| Other amounts receivable | 41 | €2,596 | €3,073 | +€477 | +18.4% |
| Cash at bank and in hand | 54/58 | €13,788 | €4,580 | -€9,209 | -66.8% |
| Deferred charges and accrued income | 490/1 | €10,812 | €8,986 | -€1,825 | -16.9% |
| Total equity and liabilities | 10/49 | €74,235 | €54,216 | -€20,020 | -27.0% |
| Equity | 10/15 | €22,480 | €11,226 | -€11,254 | -50.1% |
| Contributions | 10/11 | €20,000 | €7,757 | -€12,243 | -61.2% |
| Profit (loss) carried forward | 14 | €2,480 | €3,469 | +€989 | +39.9% |
| Amounts payable | 17/49 | €51,756 | €42,990 | -€8,766 | -16.9% |
| Amounts payable after more than one year | 17 | €17,463 | €5,181 | -€12,282 | -70.3% |
| Financial debts | 170/4 | €17,463 | €5,181 | -€12,282 | -70.3% |
| Amounts payable within one year | 42/48 | €34,293 | €37,809 | +€3,516 | +10.3% |
| Current portion of amounts payable after more than one year | 42 | €12,071 | €12,282 | +€211 | +1.7% |
| Trade debts | 44 | €8,118 | €17,834 | +€9,716 | +120% |
| Suppliers | 440/4 | €8,118 | €17,834 | +€9,716 | +120% |
| Taxes, remuneration and social security | 45 | €13,067 | €7,693 | -€5,374 | -41.1% |
| Taxes | 450/3 | €5,709 | €467 | -€5,242 | -91.8% |
| Remuneration and social security | 454/9 | €7,358 | €7,226 | -€132 | -1.8% |
| Other amounts payable | 47/48 | €1,037 | - | -€1,037 | |
| Remuneration, social security and pensions | 62 | €88,265 | €89,855 | +€1,590 | +1.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,627 | €7,460 | -€1,166 | -13.5% |
| Other operating charges | 640/8 | €336 | €261 | -€75 | -22.3% |
| Gross operating margin | 9900 | €107,731 | €105,653 | -€2,078 | -1.9% |
| Operating profit (loss) | 9901 | €10,503 | €8,077 | -€2,427 | -23.1% |
| Financial income | 75/76B | €5 | €1 | -€3 | -70.2% |
| Recurring financial income | 75 | €5 | €1 | -€3 | -70.2% |
| Financial charges | 65/66B | €4,571 | €4,331 | -€240 | -5.3% |
| Recurring financial charges | 65 | €4,571 | €4,331 | -€240 | -5.3% |
| Profit (loss) for the period before taxes | 9903 | €5,937 | €3,747 | -€2,190 | -36.9% |
| Income taxes | 67/77 | €2,404 | €1,240 | -€1,165 | -48.4% |
| Profit (loss) for the period | 9904 | €3,533 | €2,507 | -€1,025 | -29.0% |
| Profit (loss) for the period to be appropriated | 9905 | €3,533 | €2,507 | -€1,025 | -29.0% |
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 3 November 2026 via checked.be.