Spacompany: 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.
Spacompany
Largest movements
- Cash +€183,386
up €183,386 (+40.7%), from €450,244 to €633,630
mainly Net result for the year (+€249,083) and Other debts (+€94,819)
- Stocks and contracts +€83,378
up €83,378 (+17.6%), from €473,313 to €556,691
- Reserves +€140,415
up €140,415 (+16.6%), from €843,950 to €984,365
- Other debts +€94,819
up €94,819 (+72.0%), from €131,692 to €226,511
- Tax, wage and social debts +€37,784
up €37,784 (+92.5%), from €40,829 to €78,613
of which Taxes: +€48,075
- Debts after one year -€31,155
down €31,155 (-56.5%), from €55,163 to €24,008
- Gross operating margin +€179,767
up €179,767 (+53.6%), from €335,499 to €515,267
- Taxes +€50,803
up €50,803 (+168.8%), from €30,092 to €80,896
- Staff costs -€6,418
down €6,418 (-5.3%), from €120,004 to €113,586
- Depreciation -€5,465
down €5,465 (-11.3%), from €48,381 to €42,916
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 | €1,127,405 | €1,369,970 | +€242,565 | +21.5% |
| Fixed assets | 21/28 | €159,083 | €143,758 | -€15,325 | -9.6% |
| Intangible fixed assets | 21 | €13,592 | €8,917 | -€4,675 | -34.4% |
| Tangible fixed assets | 22/27 | €144,519 | €133,868 | -€10,650 | -7.4% |
| Plant, machinery and equipment | 23 | €12,326 | €30,925 | +€18,599 | +150.9% |
| Furniture and vehicles | 24 | €87,782 | €63,995 | -€23,787 | -27.1% |
| Other tangible fixed assets | 26 | €44,411 | €38,949 | -€5,462 | -12.3% |
| Financial fixed assets | 28 | €973 | €973 | = | 0.0% |
| Current assets | 29/58 | €968,322 | €1,226,212 | +€257,890 | +26.6% |
| Stocks and contracts in progress | 3 | €473,313 | €556,691 | +€83,378 | +17.6% |
| Stocks | 30/36 | €473,313 | €556,691 | +€83,378 | +17.6% |
| Amounts receivable within one year | 40/41 | €36,945 | €30,778 | -€6,166 | -16.7% |
| Trade receivables | 40 | €25,460 | €19,132 | -€6,327 | -24.9% |
| Other amounts receivable | 41 | €11,485 | €11,646 | +€161 | +1.4% |
| Cash at bank and in hand | 54/58 | €450,244 | €633,630 | +€183,386 | +40.7% |
| Deferred charges and accrued income | 490/1 | €7,820 | €5,112 | -€2,708 | -34.6% |
| Total equity and liabilities | 10/49 | €1,127,405 | €1,369,970 | +€242,565 | +21.5% |
| Equity | 10/15 | €848,950 | €989,365 | +€140,415 | +16.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €843,950 | €984,365 | +€140,415 | +16.6% |
| Distributable reserves | 133 | €843,950 | €984,365 | +€140,415 | +16.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €278,455 | €380,605 | +€102,149 | +36.7% |
| Amounts payable after more than one year | 17 | €55,163 | €24,008 | -€31,155 | -56.5% |
| Financial debts | 170/4 | €55,163 | €24,008 | -€31,155 | -56.5% |
| Amounts payable within one year | 42/48 | €211,466 | €356,576 | +€145,110 | +68.6% |
| Current portion of amounts payable after more than one year | 42 | €30,204 | €31,155 | +€951 | +3.1% |
| Trade debts | 44 | €8,740 | €20,298 | +€11,557 | +132.2% |
| Suppliers | 440/4 | €8,740 | €20,298 | +€11,557 | +132.2% |
| Taxes, remuneration and social security | 45 | €40,829 | €78,613 | +€37,784 | +92.5% |
| Taxes | 450/3 | €17,314 | €65,389 | +€48,075 | +277.7% |
| Remuneration and social security | 454/9 | €23,515 | €13,223 | -€10,292 | -43.8% |
| Other amounts payable | 47/48 | €131,692 | €226,511 | +€94,819 | +72.0% |
| Accrued charges and deferred income | 492/3 | €11,827 | €21 | -€11,806 | -99.8% |
| Remuneration, social security and pensions | 62 | €120,004 | €113,586 | -€6,418 | -5.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,381 | €42,916 | -€5,465 | -11.3% |
| Other operating charges | 640/8 | €10,803 | €12,771 | +€1,968 | +18.2% |
| Gross operating margin | 9900 | €335,499 | €515,267 | +€179,767 | +53.6% |
| Operating profit (loss) | 9901 | €156,311 | €345,994 | +€189,683 | +121.3% |
| Financial income | 75/76B | €125 | €0 | -€125 | -100.0% |
| Recurring financial income | 75 | €125 | €0 | -€125 | -100.0% |
| Financial charges | 65/66B | €17,872 | €16,015 | -€1,857 | -10.4% |
| Recurring financial charges | 65 | €17,872 | €16,015 | -€1,857 | -10.4% |
| Profit (loss) for the period before taxes | 9903 | €138,564 | €329,979 | +€191,415 | +138.1% |
| Income taxes | 67/77 | €30,092 | €80,896 | +€50,803 | +168.8% |
| Profit (loss) for the period | 9904 | €108,472 | €249,083 | +€140,611 | +129.6% |
| Profit (loss) for the period to be appropriated | 9905 | €108,472 | €249,083 | +€140,611 | +129.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.