Spaar Consult: 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.
Spaar Consult
Largest movements
- Tangible fixed assets -€50,065
down €50,065 (-9.1%), from €548,211 to €498,146
of which Land and buildings: -€48,588
- Current investments -€29,707
down €29,707 (-47.0%), from €63,160 to €33,453
- Cash +€10,664
up €10,664 (+132%), from €8,101 to €18,765
mainly Depreciation (+€53,702) and Current investments (+€29,707)
- Debts after one year -€57,888
down €57,888 (-30.0%), from €192,849 to €134,961
- Profit (loss) carried forward -€7,342
down €7,342 (-14.5%), from -€50,506 to -€57,848
- Financial income -€24,002
down €24,002 (-87.6%), from €27,387 to €3,385
- Gross operating margin +€10,850
up €10,850 (+25.0%), from €43,446 to €54,296
- Financial charges +€5,415
up €5,415 (+507%), from €1,068 to €6,483
- Depreciation -€2,938
down €2,938 (-5.2%), from €56,640 to €53,702
- Other operating charges -€1,918
down €1,918 (-28.4%), from €6,755 to €4,837
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 | €630,107 | €557,709 | -€72,398 | -11.5% |
| Fixed assets | 21/28 | €548,211 | €498,146 | -€50,065 | -9.1% |
| Tangible fixed assets | 22/27 | €548,211 | €498,146 | -€50,065 | -9.1% |
| Land and buildings | 22 | €536,014 | €487,426 | -€48,588 | -9.1% |
| Plant, machinery and equipment | 23 | €701 | €419 | -€282 | -40.2% |
| Furniture and vehicles | 24 | €11,496 | €10,301 | -€1,195 | -10.4% |
| Current assets | 29/58 | €81,896 | €59,563 | -€22,333 | -27.3% |
| Amounts receivable within one year | 40/41 | €9,586 | €6,012 | -€3,575 | -37.3% |
| Trade receivables | 40 | €9,538 | €5,923 | -€3,615 | -37.9% |
| Other amounts receivable | 41 | €48 | €89 | +€40 | +83.2% |
| Current investments | 50/53 | €63,160 | €33,453 | -€29,707 | -47.0% |
| Cash at bank and in hand | 54/58 | €8,101 | €18,765 | +€10,664 | +132% |
| Deferred charges and accrued income | 490/1 | €1,049 | €1,333 | +€284 | +27.1% |
| Total equity and liabilities | 10/49 | €630,107 | €557,709 | -€72,398 | -11.5% |
| Equity | 10/15 | €328,434 | €315,412 | -€13,022 | -4.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €366,540 | €360,860 | -€5,680 | -1.5% |
| Distributable reserves | 133 | €366,540 | €360,860 | -€5,680 | -1.5% |
| Profit (loss) carried forward | 14 | -€50,506 | -€57,848 | -€7,342 | -14.5% |
| Amounts payable | 17/49 | €301,673 | €242,297 | -€59,377 | -19.7% |
| Amounts payable after more than one year | 17 | €192,849 | €134,961 | -€57,888 | -30.0% |
| Financial debts | 170/4 | €192,849 | €134,961 | -€57,888 | -30.0% |
| Amounts payable within one year | 42/48 | €105,000 | €107,335 | +€2,336 | +2.2% |
| Current portion of amounts payable after more than one year | 42 | €53,901 | €57,888 | +€3,987 | +7.4% |
| Financial debts | 43 | €3 | - | -€3 | |
| Credit institutions | 430/8 | €3 | - | -€3 | |
| Trade debts | 44 | €1,113 | €2,359 | +€1,246 | +112% |
| Suppliers | 440/4 | €1,113 | €2,359 | +€1,246 | +112% |
| Taxes, remuneration and social security | 45 | €4,043 | €4,965 | +€923 | +22.8% |
| Taxes | 450/3 | €4,043 | €4,965 | +€923 | +22.8% |
| Other amounts payable | 47/48 | €45,941 | €42,124 | -€3,817 | -8.3% |
| Accrued charges and deferred income | 492/3 | €3,825 | - | -€3,825 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €56,640 | €53,702 | -€2,938 | -5.2% |
| Other operating charges | 640/8 | €6,755 | €4,837 | -€1,918 | -28.4% |
| Gross operating margin | 9900 | €43,446 | €54,296 | +€10,850 | +25.0% |
| Operating profit (loss) | 9901 | -€19,949 | -€4,243 | +€15,705 | +78.7% |
| Financial income | 75/76B | €27,387 | €3,385 | -€24,002 | -87.6% |
| Recurring financial income | 75 | €27,387 | €3,385 | -€24,002 | -87.6% |
| Financial charges | 65/66B | €1,068 | €6,483 | +€5,415 | +507% |
| Recurring financial charges | 65 | €1,068 | €6,483 | +€5,415 | +507% |
| Profit (loss) for the period before taxes | 9903 | €6,370 | -€7,342 | -€13,711 | |
| Profit (loss) for the period | 9904 | €6,370 | -€7,342 | -€13,711 | |
| Profit (loss) for the period to be appropriated | 9905 | €6,370 | -€7,342 | -€13,711 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.