SPAKUR: 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.
SPAKUR
Largest movements
- Tangible fixed assets -€4,942
down €4,942 (-19.2%), from €25,706 to €20,764
of which Land and buildings: -€3,790
- Cash -€800
down €800 (-86.5%), from €925 to €125
mainly Current portion of long-term debt (-€15,995) and Debts after one year (-€4,129)
- Intangible fixed assets -€406
down €406 (-75.4%), from €539 to €132
- Contributions -€35,000
no longer reported in 2025 (was €35,000)
- Reserves +€35,000
new in 2025: €35,000
- Current portion of long-term debt -€15,995
down €15,995 (-54.6%), from €29,274 to €13,279
- Profit (loss) carried forward +€13,602
up €13,602 (+33.5%), from -€40,554 to -€26,952
- Debts after one year -€4,129
down €4,129 (-100.0%), from €4,129 to €0
- Depreciation -€11,024
down €11,024 (-67.3%), from €16,372 to €5,348
- Financial charges -€563
down €563 (-21.3%), from €2,649 to €2,086
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 | €29,183 | €23,139 | -€6,044 | -20.7% |
| Fixed assets | 21/28 | €27,932 | €22,584 | -€5,348 | -19.1% |
| Intangible fixed assets | 21 | €539 | €132 | -€406 | -75.4% |
| Tangible fixed assets | 22/27 | €25,706 | €20,764 | -€4,942 | -19.2% |
| Land and buildings | 22 | €24,118 | €20,328 | -€3,790 | -15.7% |
| Plant, machinery and equipment | 23 | €1,588 | €436 | -€1,151 | -72.5% |
| Financial fixed assets | 28 | €1,688 | €1,688 | = | 0.0% |
| Current assets | 29/58 | €1,250 | €554 | -€696 | -55.7% |
| Amounts receivable within one year | 40/41 | €255 | €356 | +€101 | +39.6% |
| Trade receivables | 40 | - | €101 | +€101 | |
| Other amounts receivable | 41 | €255 | €255 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €925 | €125 | -€800 | -86.5% |
| Deferred charges and accrued income | 490/1 | €70 | €73 | +€3 | +4.7% |
| Total equity and liabilities | 10/49 | €29,183 | €23,139 | -€6,044 | -20.7% |
| Equity | 10/15 | -€5,554 | €8,048 | +€13,602 | |
| Contributions | 10/11 | €35,000 | - | -€35,000 | |
| Reserves | 13 | - | €35,000 | +€35,000 | |
| Distributable reserves | 133 | - | €35,000 | +€35,000 | |
| Profit (loss) carried forward | 14 | -€40,554 | -€26,952 | +€13,602 | +33.5% |
| Amounts payable | 17/49 | €34,736 | €15,090 | -€19,646 | -56.6% |
| Amounts payable after more than one year | 17 | €4,129 | €0 | -€4,129 | -100.0% |
| Financial debts | 170/4 | €4,129 | €0 | -€4,129 | -100.0% |
| Amounts payable within one year | 42/48 | €30,607 | €14,826 | -€15,781 | -51.6% |
| Current portion of amounts payable after more than one year | 42 | €29,274 | €13,279 | -€15,995 | -54.6% |
| Trade debts | 44 | €221 | €418 | +€197 | +88.9% |
| Suppliers | 440/4 | €221 | €418 | +€197 | +88.9% |
| Taxes, remuneration and social security | 45 | €1,111 | €1,129 | +€17 | +1.6% |
| Taxes | 450/3 | €1,111 | €1,129 | +€17 | +1.6% |
| Accrued charges and deferred income | 492/3 | - | €264 | +€264 | |
| Non-recurring operating income | 76A | €1,500 | €0 | -€1,500 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,372 | €5,348 | -€11,024 | -67.3% |
| Other operating charges | 640/8 | €513 | €462 | -€51 | -10.0% |
| Gross operating margin | 9900 | €21,295 | €21,498 | +€203 | +1.0% |
| Operating profit (loss) | 9901 | €4,410 | €15,688 | +€11,278 | +255.8% |
| Financial charges | 65/66B | €2,649 | €2,086 | -€563 | -21.3% |
| Recurring financial charges | 65 | €2,649 | €2,086 | -€563 | -21.3% |
| Profit (loss) for the period before taxes | 9903 | €1,761 | €13,602 | +€11,842 | +672.6% |
| Profit (loss) for the period | 9904 | €1,761 | €13,602 | +€11,842 | +672.6% |
| Profit (loss) for the period to be appropriated | 9905 | €1,761 | €13,602 | +€11,842 | +672.6% |
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 6 October 2026 via checked.be.