SPACIT: 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.
SPACIT
Largest movements
- Receivables within one year -€306,766
down €306,766 (-67.5%), from €454,698 to €147,932
of which Other amounts receivable: -€306,766
- Tangible fixed assets -€286,988
down €286,988 (-3.6%), from €8.0m to €7.8m
of which Land and buildings: -€171,397
- Formation expenses -€174,657
down €174,657 (-20.0%), from €871,942 to €697,285
- Profit (loss) carried forward -€2.6m
down €2.6m (-104.8%), from -€2.4m to -€5.0m
- Short-term financial debts +€2.0m
up €2.0m (+1669.0%), from €119,187 to €2.1m
of which Other loans: +€1.7m
- Contributions +€1.9m
up €1.9m (+127.1%), from €1.5m to €3.4m
- Trade debts -€1.1m
down €1.1m (-45.6%), from €2.5m to €1.3m
- Debts after one year -€1.1m
down €1.1m (-15.7%), from €7.1m to €6.0m
- Staff costs +€371,983
up €371,983 (+148.9%), from €249,746 to €621,728
- Depreciation +€333,546
up €333,546 (+175.9%), from €189,661 to €523,206
- Financial charges +€248,859
up €248,859 (+173.4%), from €143,548 to €392,407
- Gross operating margin +€161,851
up €161,851 (+13.8%), from -€1.2m to -€1.0m
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €9,395,603 | €8,620,390 | -€775,213 | -8.3% |
| Formation expenses | 20 | €871,942 | €697,285 | -€174,657 | -20.0% |
| Fixed assets | 21/28 | €8,049,932 | €7,762,944 | -€286,988 | -3.6% |
| Tangible fixed assets | 22/27 | €8,049,606 | €7,762,619 | -€286,988 | -3.6% |
| Land and buildings | 22 | €7,462,765 | €7,291,367 | -€171,397 | -2.3% |
| Plant, machinery and equipment | 23 | €3,268 | €13,893 | +€10,626 | +325.2% |
| Furniture and vehicles | 24 | €370,109 | €289,179 | -€80,931 | -21.9% |
| Leasing and similar rights | 25 | €213,465 | €168,180 | -€45,285 | -21.2% |
| Assets under construction and advance payments | 27 | €0 | - | = | |
| Financial fixed assets | 28 | €326 | €326 | = | 0.0% |
| Current assets | 29/58 | €473,729 | €160,161 | -€313,568 | -66.2% |
| Amounts receivable within one year | 40/41 | €454,698 | €147,932 | -€306,766 | -67.5% |
| Trade receivables | 40 | €9,001 | €9,001 | = | 0.0% |
| Other amounts receivable | 41 | €445,697 | €138,931 | -€306,766 | -68.8% |
| Cash at bank and in hand | 54/58 | €16,854 | €10,052 | -€6,803 | -40.4% |
| Deferred charges and accrued income | 490/1 | €2,176 | €2,176 | = | 0.0% |
| Total equity and liabilities | 10/49 | €9,395,603 | €8,620,390 | -€775,213 | -8.3% |
| Equity | 10/15 | -€938,017 | -€1,587,257 | -€649,240 | -69.2% |
| Contributions | 10/11 | €1,500,000 | €3,405,783 | +€1.9m | +127.1% |
| Profit (loss) carried forward | 14 | -€2,438,017 | -€4,993,039 | -€2.6m | -104.8% |
| Amounts payable | 17/49 | €10,333,619 | €10,207,646 | -€125,973 | -1.2% |
| Amounts payable after more than one year | 17 | €7,063,494 | €5,951,490 | -€1.1m | -15.7% |
| Financial debts | 170/4 | €7,063,494 | €5,951,490 | -€1.1m | -15.7% |
| Amounts payable within one year | 42/48 | €3,168,567 | €4,198,199 | +€1.0m | +32.5% |
| Current portion of amounts payable after more than one year | 42 | €338,417 | €358,185 | +€19,768 | +5.8% |
| Financial debts | 43 | €119,187 | €2,108,440 | +€2.0m | +1669.0% |
| Credit institutions | 430/8 | €119,187 | €404,254 | +€285,067 | +239.2% |
| Other loans | 439 | - | €1,704,186 | +€1.7m | |
| Trade debts | 44 | €2,480,514 | €1,349,199 | -€1.1m | -45.6% |
| Suppliers | 440/4 | €2,480,514 | €1,349,199 | -€1.1m | -45.6% |
| Taxes, remuneration and social security | 45 | €48,904 | €208,817 | +€159,912 | +327.0% |
| Taxes | 450/3 | €26,249 | €81,208 | +€54,959 | +209.4% |
| Remuneration and social security | 454/9 | €22,655 | €127,609 | +€104,954 | +463.3% |
| Other amounts payable | 47/48 | €181,545 | €173,560 | -€7,985 | -4.4% |
| Accrued charges and deferred income | 492/3 | €101,558 | €57,957 | -€43,601 | -42.9% |
| Remuneration, social security and pensions | 62 | €249,746 | €621,728 | +€371,983 | +148.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €189,661 | €523,206 | +€333,546 | +175.9% |
| Other operating charges | 640/8 | €5,514 | €11,707 | +€6,193 | +112.3% |
| Non-recurring operating charges | 66A | €2,264 | €0 | -€2,264 | -100.0% |
| Gross operating margin | 9900 | -€1,172,652 | -€1,010,801 | +€161,851 | +13.8% |
| Operating profit (loss) | 9901 | -€1,619,837 | -€2,167,443 | -€547,606 | -33.8% |
| Financial income | 75/76B | €661 | €4,705 | +€4,044 | +612.0% |
| Recurring financial income | 75 | €661 | €4,705 | +€4,044 | +612.0% |
| Financial charges | 65/66B | €143,548 | €392,407 | +€248,859 | +173.4% |
| Recurring financial charges | 65 | €143,548 | €392,407 | +€248,859 | +173.4% |
| Profit (loss) for the period before taxes | 9903 | -€1,762,724 | -€2,555,145 | -€792,421 | -45.0% |
| Income taxes | 67/77 | €2,974 | -€123 | -€3,097 | |
| Profit (loss) for the period | 9904 | -€1,765,698 | -€2,555,023 | -€789,325 | -44.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,765,698 | -€2,555,023 | -€789,325 | -44.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.