SPAN74: 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.
SPAN74
Largest movements
- Tangible fixed assets +€108,942
up €108,942 (+23.4%), from €465,498 to €574,440
of which Leasing and similar rights: +€58,621
- Cash -€16,221
down €16,221 (-78.1%), from €20,764 to €4,543
mainly Investment in fixed assets (net) (-€130,845) and Contributions, distributions and other (-€121,868)
- Other debts +€84,988
up €84,988 (+942%), from €9,023 to €94,011
- Contributions -€18,500
down €18,500 (-99.7%), from €18,550 to €50
- Debts after one year +€17,531
up €17,531 (+4.2%), from €417,274 to €434,805
- Current portion of long-term debt +€13,372
up €13,372 (+57.4%), from €23,276 to €36,648
- Profit (loss) carried forward -€9,357
no longer reported in 2025 (was €9,357)
- Gross operating margin +€78,206
up €78,206 (+94.2%), from €82,984 to €161,190
- Other operating charges -€52,289
down €52,289 (-94.3%), from €55,478 to €3,189
- Taxes +€22,373
up €22,373 (+604%), from €3,703 to €26,075
- Depreciation +€15,217
up €15,217 (+228%), from €6,685 to €21,902
- Financial charges +€7,708
up €7,708 (+89.9%), from €8,573 to €16,281
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.
Derived cash bridge
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 | €494,528 | €585,896 | +€91,368 | +18.5% |
| Fixed assets | 21/28 | €465,498 | €574,440 | +€108,942 | +23.4% |
| Tangible fixed assets | 22/27 | €465,498 | €574,440 | +€108,942 | +23.4% |
| Land and buildings | 22 | €465,498 | €515,819 | +€50,321 | +10.8% |
| Leasing and similar rights | 25 | - | €58,621 | +€58,621 | |
| Current assets | 29/58 | €29,030 | €11,456 | -€17,574 | -60.5% |
| Amounts receivable within one year | 40/41 | €6,967 | €5,793 | -€1,174 | -16.8% |
| Trade receivables | 40 | €1,506 | €2,121 | +€615 | +40.8% |
| Other amounts receivable | 41 | €5,461 | €3,672 | -€1,789 | -32.8% |
| Cash at bank and in hand | 54/58 | €20,764 | €4,543 | -€16,221 | -78.1% |
| Deferred charges and accrued income | 490/1 | €1,299 | €1,120 | -€179 | -13.8% |
| Total equity and liabilities | 10/49 | €494,528 | €585,896 | +€91,368 | +18.5% |
| Equity | 10/15 | €27,907 | €50 | -€27,857 | -99.8% |
| Contributions | 10/11 | €18,550 | €50 | -€18,500 | -99.7% |
| Profit (loss) carried forward | 14 | €9,357 | - | -€9,357 | |
| Amounts payable | 17/49 | €466,620 | €585,846 | +€119,225 | +25.6% |
| Amounts payable after more than one year | 17 | €417,274 | €434,805 | +€17,531 | +4.2% |
| Financial debts | 170/4 | €417,274 | €434,805 | +€17,531 | +4.2% |
| Amounts payable within one year | 42/48 | €49,346 | €151,040 | +€101,694 | +206% |
| Current portion of amounts payable after more than one year | 42 | €23,276 | €36,648 | +€13,372 | +57.4% |
| Trade debts | 44 | €3,620 | €3,976 | +€357 | +9.9% |
| Suppliers | 440/4 | €3,620 | €3,976 | +€357 | +9.9% |
| Taxes, remuneration and social security | 45 | €13,428 | €16,405 | +€2,978 | +22.2% |
| Taxes | 450/3 | €11,039 | €14,001 | +€2,962 | +26.8% |
| Remuneration and social security | 454/9 | €2,388 | €2,404 | +€16 | +0.7% |
| Other amounts payable | 47/48 | €9,023 | €94,011 | +€84,988 | +942% |
| Non-recurring operating income | 76A | €173 | €7,719 | +€7,545 | +4,356% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,685 | €21,902 | +€15,217 | +228% |
| Other operating charges | 640/8 | €55,478 | €3,189 | -€52,289 | -94.3% |
| Gross operating margin | 9900 | €82,984 | €161,190 | +€78,206 | +94.2% |
| Operating profit (loss) | 9901 | €20,821 | €136,099 | +€115,278 | +554% |
| Financial income | 75/76B | €813 | €268 | -€544 | -67.0% |
| Recurring financial income | 75 | €813 | €268 | -€544 | -67.0% |
| Financial charges | 65/66B | €8,573 | €16,281 | +€7,708 | +89.9% |
| Recurring financial charges | 65 | €8,573 | €16,281 | +€7,708 | +89.9% |
| Profit (loss) for the period before taxes | 9903 | €13,060 | €120,086 | +€107,026 | +819% |
| Income taxes | 67/77 | €3,703 | €26,075 | +€22,373 | +604% |
| Profit (loss) for the period | 9904 | €9,357 | €94,011 | +€84,653 | +905% |
| Profit (loss) for the period to be appropriated | 9905 | €9,357 | €94,011 | +€84,653 | +905% |
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 25 October 2026 via checked.be.