S.PIRON: 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.
S.PIRON
Largest movements
- Receivables within one year +€281,414
up €281,414 (+139%), from €202,440 to €483,854
of which Other amounts receivable: +€279,058
- Cash +€53,859
up €53,859 (+139%), from €38,879 to €92,738
mainly Net result for the year (+€385,163) and Other debts (+€362,016)
- Deferred charges and accrued income +€22,360
up €22,360 (+599%), from €3,730 to €26,090
- Other debts +€362,016
up €362,016 (+235%), from €154,311 to €516,327
- Gross operating margin +€415,754
up €415,754 (+595%), from €69,883 to €485,638
- Taxes +€106,677
up €106,677 (+708%), from €15,060 to €121,737
- Financial income +€16,402
up €16,402 (+275%), from €5,958 to €22,360
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.
Derived cash bridge
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 | €245,049 | €607,183 | +€362,134 | +148% |
| Fixed assets | 21/28 | - | €4,501 | +€4,501 | |
| Intangible fixed assets | 21 | - | €1 | +€1 | |
| Tangible fixed assets | 22/27 | - | €4,500 | +€4,500 | |
| Plant, machinery and equipment | 23 | - | €4,500 | +€4,500 | |
| Current assets | 29/58 | €245,049 | €602,682 | +€357,633 | +146% |
| Amounts receivable within one year | 40/41 | €202,440 | €483,854 | +€281,414 | +139% |
| Trade receivables | 40 | €0 | €2,356 | +€2,356 | |
| Other amounts receivable | 41 | €202,440 | €481,498 | +€279,058 | +138% |
| Cash at bank and in hand | 54/58 | €38,879 | €92,738 | +€53,859 | +139% |
| Deferred charges and accrued income | 490/1 | €3,730 | €26,090 | +€22,360 | +599% |
| Total equity and liabilities | 10/49 | €245,049 | €607,183 | +€362,134 | +148% |
| Equity | 10/15 | €86,482 | €86,482 | = | 0.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €81,482 | €81,482 | = | 0.0% |
| Distributable reserves | 133 | €81,482 | €81,482 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €158,567 | €520,701 | +€362,134 | +228% |
| Amounts payable within one year | 42/48 | €158,567 | €520,701 | +€362,134 | +228% |
| Trade debts | 44 | €0 | €174 | +€174 | |
| Suppliers | 440/4 | €0 | €174 | +€174 | |
| Taxes, remuneration and social security | 45 | €4,256 | €4,200 | -€56 | -1.3% |
| Taxes | 450/3 | €4,256 | €4,200 | -€56 | -1.3% |
| Other amounts payable | 47/48 | €154,311 | €516,327 | +€362,016 | +235% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €499 | +€499 | |
| Other operating charges | 640/8 | €465 | €518 | +€53 | +11.4% |
| Gross operating margin | 9900 | €69,883 | €485,638 | +€415,754 | +595% |
| Operating profit (loss) | 9901 | €69,418 | €484,621 | +€415,203 | +598% |
| Financial income | 75/76B | €5,958 | €22,360 | +€16,402 | +275% |
| Recurring financial income | 75 | €5,958 | €22,360 | +€16,402 | +275% |
| Financial charges | 65/66B | €77 | €82 | +€4 | +5.8% |
| Recurring financial charges | 65 | €77 | €82 | +€4 | +5.8% |
| Profit (loss) for the period before taxes | 9903 | €75,299 | €506,899 | +€431,601 | +573% |
| Income taxes | 67/77 | €15,060 | €121,737 | +€106,677 | +708% |
| Profit (loss) for the period | 9904 | €60,239 | €385,163 | +€324,924 | +539% |
| Profit (loss) for the period to be appropriated | 9905 | €60,239 | €385,163 | +€324,924 | +539% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.