SPAHIJA: 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.
SPAHIJA
Largest movements
- Receivables within one year +€171,111
up €171,111 (+272%), from €62,816 to €233,927
of which Trade receivables: +€153,442
- Cash -€94,520
down €94,520 (-55.8%), from €169,410 to €74,890
mainly Receivables within one year (-€171,111) and Other debts (-€23,461)
- Tangible fixed assets -€36,648
down €36,648 (-35.9%), from €102,111 to €65,463
of which Furniture and vehicles: -€36,372
- Trade debts +€28,757
up €28,757 (+27.5%), from €104,465 to €133,222
- Other debts -€23,461
down €23,461 (-45.8%), from €51,172 to €27,711
- Tax, wage and social debts +€21,834
up €21,834 (+134%), from €16,244 to €38,078
- Reserves +€9,533
up €9,533 (+16.2%), from €58,797 to €68,331
- Gross operating margin +€14,215
up €14,215 (+25.0%), from €56,896 to €71,111
- Depreciation +€10,520
up €10,520 (+35.0%), from €30,093 to €40,613
- Other operating charges +€2,536
up €2,536 (+64.7%), from €3,922 to €6,458
- Taxes -€2,231
down €2,231 (-13.7%), from €16,332 to €14,102
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.
Derived cash bridge
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 | €342,663 | €379,327 | +€36,664 | +10.7% |
| Fixed assets | 21/28 | €102,111 | €65,463 | -€36,648 | -35.9% |
| Tangible fixed assets | 22/27 | €102,111 | €65,463 | -€36,648 | -35.9% |
| Plant, machinery and equipment | 23 | €5,824 | €5,549 | -€275 | -4.7% |
| Furniture and vehicles | 24 | €96,287 | €59,914 | -€36,372 | -37.8% |
| Current assets | 29/58 | €240,553 | €313,864 | +€73,311 | +30.5% |
| Amounts receivable within one year | 40/41 | €62,816 | €233,927 | +€171,111 | +272% |
| Trade receivables | 40 | €50,269 | €203,710 | +€153,442 | +305% |
| Other amounts receivable | 41 | €12,548 | €30,217 | +€17,669 | +141% |
| Cash at bank and in hand | 54/58 | €169,410 | €74,890 | -€94,520 | -55.8% |
| Deferred charges and accrued income | 490/1 | €8,327 | €5,047 | -€3,280 | -39.4% |
| Total equity and liabilities | 10/49 | €342,663 | €379,327 | +€36,664 | +10.7% |
| Equity | 10/15 | €170,783 | €180,316 | +€9,533 | +5.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €58,797 | €68,331 | +€9,533 | +16.2% |
| Distributable reserves | 133 | €58,797 | €68,331 | +€9,533 | +16.2% |
| Profit (loss) carried forward | 14 | €93,385 | €93,385 | = | 0.0% |
| Amounts payable | 17/49 | €171,881 | €199,011 | +€27,130 | +15.8% |
| Amounts payable within one year | 42/48 | €171,881 | €199,011 | +€27,130 | +15.8% |
| Trade debts | 44 | €104,465 | €133,222 | +€28,757 | +27.5% |
| Suppliers | 440/4 | €104,465 | €133,222 | +€28,757 | +27.5% |
| Taxes, remuneration and social security | 45 | €16,244 | €38,078 | +€21,834 | +134% |
| Taxes | 450/3 | €16,244 | €38,078 | +€21,834 | +134% |
| Other amounts payable | 47/48 | €51,172 | €27,711 | -€23,461 | -45.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,093 | €40,613 | +€10,520 | +35.0% |
| Other operating charges | 640/8 | €3,922 | €6,458 | +€2,536 | +64.7% |
| Gross operating margin | 9900 | €56,896 | €71,111 | +€14,215 | +25.0% |
| Operating profit (loss) | 9901 | €22,881 | €24,040 | +€1,159 | +5.1% |
| Financial income | 75/76B | €0 | €3 | +€3 | +13,750% |
| Recurring financial income | 75 | €0 | €3 | +€3 | +13,750% |
| Financial charges | 65/66B | €92 | €407 | +€316 | +344% |
| Recurring financial charges | 65 | €92 | €407 | +€316 | +344% |
| Profit (loss) for the period before taxes | 9903 | €22,789 | €23,635 | +€846 | +3.7% |
| Income taxes | 67/77 | €16,332 | €14,102 | -€2,231 | -13.7% |
| Profit (loss) for the period | 9904 | €6,457 | €9,533 | +€3,076 | +47.6% |
| Profit (loss) for the period to be appropriated | 9905 | €6,457 | €9,533 | +€3,076 | +47.6% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.