SPADACCINI G.: 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.
SPADACCINI G.
Largest movements
- Receivables within one year +€187,870
up €187,870 (+166.3%), from €112,968 to €300,838
of which Other amounts receivable: +€99,793
- Cash +€45,204
new in 2025: €45,204
mainly Accrued charges and deferred income (+€137,400) and Net result for the year (+€52,362)
- Tangible fixed assets -€26,216
down €26,216 (-13.2%), from €198,014 to €171,798
of which Land and buildings: -€31,753
- Deferred charges and accrued income -€7,842
down €7,842 (-92.2%), from €8,508 to €666
- Accrued charges and deferred income +€137,400
new in 2025: €137,400
- Tax, wage and social debts +€32,226
new in 2025: €32,226
of which Taxes: +€29,538
- Profit (loss) carried forward +€22,362
up €22,362 (+9.6%), from €232,409 to €254,771
- Other debts +€21,000
new in 2025: €21,000
- Debts after one year -€18,177
down €18,177 (-100.0%), from €18,177 to €0
- Turnover -€553,067
no longer reported in 2025 (was €553,067)
- Purchases and services -€541,603
no longer reported in 2025 (was €541,603)
- Gross operating margin +€118,598
up €118,598 (+397.3%), from €29,854 to €148,452
- Taxes +€26,538
new in 2025: €26,538
- Staff costs +€19,545
new in 2025: €19,545
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 | €319,552 | €518,567 | +€199,015 | +62.3% |
| Fixed assets | 21/28 | €198,076 | €171,860 | -€26,216 | -13.2% |
| Tangible fixed assets | 22/27 | €198,014 | €171,798 | -€26,216 | -13.2% |
| Land and buildings | 22 | €194,172 | €162,419 | -€31,753 | -16.4% |
| Plant, machinery and equipment | 23 | €3,692 | €2,773 | -€919 | -24.9% |
| Furniture and vehicles | 24 | €150 | €1,255 | +€1,105 | +736.9% |
| Leasing and similar rights | 25 | - | €5,351 | +€5,351 | |
| Financial fixed assets | 28 | €62 | €62 | -€0 | -0.5% |
| Current assets | 29/58 | €121,476 | €346,707 | +€225,231 | +185.4% |
| Amounts receivable within one year | 40/41 | €112,968 | €300,838 | +€187,870 | +166.3% |
| Trade receivables | 40 | €50,780 | €138,858 | +€88,078 | +173.4% |
| Other amounts receivable | 41 | €62,188 | €161,981 | +€99,793 | +160.5% |
| Cash at bank and in hand | 54/58 | - | €45,204 | +€45,204 | |
| Deferred charges and accrued income | 490/1 | €8,508 | €666 | -€7,842 | -92.2% |
| Total equity and liabilities | 10/49 | €319,552 | €518,567 | +€199,015 | +62.3% |
| Equity | 10/15 | €301,375 | €323,737 | +€22,362 | +7.4% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | €49,966 | €49,966 | -€0 | 0.0% |
| Non-distributable reserves | 130/1 | €1,900 | €1,900 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,900 | €1,900 | = | 0.0% |
| Tax-exempt reserves | 132 | €17,452 | €17,452 | -€0 | 0.0% |
| Distributable reserves | 133 | €30,614 | €30,614 | -€0 | 0.0% |
| Profit (loss) carried forward | 14 | €232,409 | €254,771 | +€22,362 | +9.6% |
| Amounts payable | 17/49 | €18,177 | €194,831 | +€176,654 | +971.9% |
| Amounts payable after more than one year | 17 | €18,177 | €0 | -€18,177 | -100.0% |
| Financial debts | 170/4 | €18,177 | €0 | -€18,177 | -100.0% |
| Amounts payable within one year | 42/48 | - | €57,431 | +€57,431 | |
| Current portion of amounts payable after more than one year | 42 | - | €607 | +€607 | |
| Trade debts | 44 | - | €3,597 | +€3,597 | |
| Suppliers | 440/4 | - | €3,597 | +€3,597 | |
| Taxes, remuneration and social security | 45 | - | €32,226 | +€32,226 | |
| Taxes | 450/3 | - | €29,538 | +€29,538 | |
| Remuneration and social security | 454/9 | - | €2,688 | +€2,688 | |
| Other amounts payable | 47/48 | - | €21,000 | +€21,000 | |
| Accrued charges and deferred income | 492/3 | - | €137,400 | +€137,400 | |
| Turnover | 70 | €553,067 | - | -€553,067 | |
| Goods, raw materials, services and sundry goods | 60/61 | €541,603 | - | -€541,603 | |
| Remuneration, social security and pensions | 62 | - | €19,545 | +€19,545 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,609 | €32,961 | +€16,352 | +98.4% |
| Other operating charges | 640/8 | €2,181 | €5,943 | +€3,762 | +172.5% |
| Non-recurring operating charges | 66A | - | €4,965 | +€4,965 | |
| Gross operating margin | 9900 | €29,854 | €148,452 | +€118,598 | +397.3% |
| Operating profit (loss) | 9901 | €11,064 | €85,037 | +€73,973 | +668.6% |
| Financial income | 75/76B | €3,658 | €127 | -€3,531 | -96.5% |
| Recurring financial income | 75 | €3,658 | €127 | -€3,531 | -96.5% |
| Financial charges | 65/66B | €12,196 | €6,264 | -€5,932 | -48.6% |
| Recurring financial charges | 65 | €12,196 | €6,264 | -€5,932 | -48.6% |
| Profit (loss) for the period before taxes | 9903 | €2,526 | €78,900 | +€76,374 | +3023.5% |
| Income taxes | 67/77 | - | €26,538 | +€26,538 | |
| Profit (loss) for the period | 9904 | €2,526 | €52,362 | +€49,836 | +1972.9% |
| Profit (loss) for the period to be appropriated | 9905 | €2,526 | €52,362 | +€49,836 | +1972.9% |
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 9 October 2026 via checked.be.