SPA3: 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.
SPA3
Largest movements
- Tangible fixed assets -€16,760
down €16,760 (-23.6%), from €70,898 to €54,138
of which Furniture and vehicles: -€16,539
- Cash +€8,026
up €8,026 (+102.7%), from €7,817 to €15,843
mainly Depreciation (+€20,295) and Tax, wage and social debts (+€15,936)
- Receivables within one year +€6,294
up €6,294 (+67.1%), from €9,379 to €15,673
of which Trade receivables: +€6,294
- Stocks and contracts +€3,850
new in 2025: €3,850
- Tax, wage and social debts +€15,936
up €15,936 (+152.4%), from €10,460 to €26,396
of which Taxes: +€16,978
- Other debts -€10,335
down €10,335 (-100.0%), from €10,339 to €4
- Debts after one year -€5,841
down €5,841 (-10.1%), from €57,570 to €51,729
- Profit (loss) carried forward +€1,458
up €1,458 (+11.2%), from -€12,983 to -€11,525
- Gross operating margin +€22,728
up €22,728 (+671.0%), from €3,387 to €26,116
- Depreciation +€3,102
up €3,102 (+18.0%), from €17,193 to €20,295
- Staff costs -€2,729
no longer reported in 2025 (was €2,729)
- Financial charges -€805
down €805 (-19.4%), from €4,152 to €3,347
- Other operating charges -€280
down €280 (-24.3%), from €1,157 to €876
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 | €89,594 | €91,005 | +€1,411 | +1.6% |
| Fixed assets | 21/28 | €72,248 | €55,488 | -€16,760 | -23.2% |
| Tangible fixed assets | 22/27 | €70,898 | €54,138 | -€16,760 | -23.6% |
| Plant, machinery and equipment | 23 | €964 | €1,755 | +€791 | +82.1% |
| Furniture and vehicles | 24 | €68,669 | €52,130 | -€16,539 | -24.1% |
| Other tangible fixed assets | 26 | €1,264 | €253 | -€1,011 | -80.0% |
| Financial fixed assets | 28 | €1,350 | €1,350 | = | 0.0% |
| Current assets | 29/58 | €17,346 | €35,517 | +€18,170 | +104.8% |
| Stocks and contracts in progress | 3 | - | €3,850 | +€3,850 | |
| Stocks | 30/36 | - | €3,850 | +€3,850 | |
| Amounts receivable within one year | 40/41 | €9,379 | €15,673 | +€6,294 | +67.1% |
| Trade receivables | 40 | €6,210 | €12,504 | +€6,294 | +101.4% |
| Other amounts receivable | 41 | €3,169 | €3,169 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €7,817 | €15,843 | +€8,026 | +102.7% |
| Deferred charges and accrued income | 490/1 | €150 | €150 | = | 0.0% |
| Total equity and liabilities | 10/49 | €89,594 | €91,005 | +€1,411 | +1.6% |
| Equity | 10/15 | -€7,983 | -€6,525 | +€1,458 | +18.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€12,983 | -€11,525 | +€1,458 | +11.2% |
| Amounts payable | 17/49 | €97,577 | €97,530 | -€47 | 0.0% |
| Amounts payable after more than one year | 17 | €57,570 | €51,729 | -€5,841 | -10.1% |
| Financial debts | 170/4 | €57,570 | €51,729 | -€5,841 | -10.1% |
| Amounts payable within one year | 42/48 | €40,007 | €45,801 | +€5,794 | +14.5% |
| Current portion of amounts payable after more than one year | 42 | €6,536 | €6,647 | +€112 | +1.7% |
| Trade debts | 44 | €12,673 | €12,754 | +€81 | +0.6% |
| Suppliers | 440/4 | €12,673 | €12,754 | +€81 | +0.6% |
| Taxes, remuneration and social security | 45 | €10,460 | €26,396 | +€15,936 | +152.4% |
| Taxes | 450/3 | €9,418 | €26,396 | +€16,978 | +180.3% |
| Remuneration and social security | 454/9 | €1,042 | - | -€1,042 | |
| Other amounts payable | 47/48 | €10,339 | €4 | -€10,335 | -100.0% |
| Remuneration, social security and pensions | 62 | €2,729 | - | -€2,729 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,193 | €20,295 | +€3,102 | +18.0% |
| Other operating charges | 640/8 | €1,157 | €876 | -€280 | -24.3% |
| Gross operating margin | 9900 | €3,387 | €26,116 | +€22,728 | +671.0% |
| Operating profit (loss) | 9901 | -€17,691 | €4,945 | +€22,636 | |
| Financial income | 75/76B | €45 | - | -€45 | |
| Recurring financial income | 75 | €45 | - | -€45 | |
| Financial charges | 65/66B | €4,152 | €3,347 | -€805 | -19.4% |
| Recurring financial charges | 65 | €4,152 | €3,347 | -€805 | -19.4% |
| Profit (loss) for the period before taxes | 9903 | -€21,799 | €1,598 | +€23,396 | |
| Income taxes | 67/77 | - | €140 | +€140 | |
| Profit (loss) for the period | 9904 | -€21,799 | €1,458 | +€23,257 | |
| Profit (loss) for the period to be appropriated | 9905 | -€21,799 | €1,458 | +€23,257 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.