SPANASSUR: 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.
SPANASSUR
Largest movements
- Current investments -€477,399
down €477,399 (-88.3%), from €540,578 to €63,179
- Receivables within one year +€460,084
up €460,084 (+1674.5%), from €27,476 to €487,560
- Cash +€59,725
up €59,725 (+74.5%), from €80,208 to €139,933
mainly Current investments (+€477,399) and Net result for the year (+€200,555)
- Tangible fixed assets -€54,114
down €54,114 (-28.8%), from €187,718 to €133,604
of which Furniture and vehicles: -€38,606
- Other debts -€201,029
down €201,029 (-82.2%), from €244,449 to €43,420
- Reserves +€200,555
up €200,555 (+31.3%), from €641,219 to €841,775
- Debts after one year -€20,495
down €20,495 (-26.7%), from €76,812 to €56,317
- Tax, wage and social debts +€15,886
up €15,886 (+93.3%), from €17,025 to €32,910
- Gross operating margin +€53,401
up €53,401 (+41.4%), from €128,978 to €182,379
- Financial income +€23,682
up €23,682 (+17.7%), from €133,457 to €157,139
- Depreciation +€17,184
up €17,184 (+42.3%), from €40,626 to €57,811
- Taxes +€13,766
up €13,766 (+26.8%), from €51,455 to €65,220
- Financial charges -€6,183
down €6,183 (-59.9%), from €10,318 to €4,135
of which Financial charges: -€9,088
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 | €1,284,585 | €1,269,869 | -€14,717 | -1.1% |
| Fixed assets | 21/28 | €568,505 | €510,665 | -€57,840 | -10.2% |
| Tangible fixed assets | 22/27 | €187,718 | €133,604 | -€54,114 | -28.8% |
| Land and buildings | 22 | €49,171 | €33,663 | -€15,508 | -31.5% |
| Furniture and vehicles | 24 | €138,547 | €99,940 | -€38,606 | -27.9% |
| Financial fixed assets | 28 | €380,787 | €377,062 | -€3,725 | -1.0% |
| Current assets | 29/58 | €716,080 | €759,203 | +€43,123 | +6.0% |
| Amounts receivable after more than one year | 29 | €47,293 | €38,201 | -€9,092 | -19.2% |
| Other amounts receivable | 291 | €47,293 | €38,201 | -€9,092 | -19.2% |
| Amounts receivable within one year | 40/41 | €27,476 | €487,560 | +€460,084 | +1674.5% |
| Other amounts receivable | 41 | €27,476 | €487,560 | +€460,084 | +1674.5% |
| Current investments | 50/53 | €540,578 | €63,179 | -€477,399 | -88.3% |
| Cash at bank and in hand | 54/58 | €80,208 | €139,933 | +€59,725 | +74.5% |
| Deferred charges and accrued income | 490/1 | €20,525 | €30,330 | +€9,805 | +47.8% |
| Total equity and liabilities | 10/49 | €1,284,585 | €1,269,869 | -€14,717 | -1.1% |
| Equity | 10/15 | €898,719 | €1,099,275 | +€200,555 | +22.3% |
| Contributions | 10/11 | €257,500 | €257,500 | = | 0.0% |
| Reserves | 13 | €641,219 | €841,775 | +€200,555 | +31.3% |
| Distributable reserves | 133 | €641,219 | €841,775 | +€200,555 | +31.3% |
| Provisions and deferred taxes | 16 | - | €0 | = | |
| Amounts payable | 17/49 | €385,866 | €170,594 | -€215,272 | -55.8% |
| Amounts payable after more than one year | 17 | €76,812 | €56,317 | -€20,495 | -26.7% |
| Financial debts | 170/4 | €76,812 | €56,317 | -€20,495 | -26.7% |
| Amounts payable within one year | 42/48 | €301,527 | €106,431 | -€195,097 | -64.7% |
| Current portion of amounts payable after more than one year | 42 | €21,510 | €19,069 | -€2,440 | -11.3% |
| Trade debts | 44 | €18,544 | €11,031 | -€7,513 | -40.5% |
| Suppliers | 440/4 | €18,544 | €11,031 | -€7,513 | -40.5% |
| Taxes, remuneration and social security | 45 | €17,025 | €32,910 | +€15,886 | +93.3% |
| Taxes | 450/3 | €17,025 | €32,910 | +€15,886 | +93.3% |
| Other amounts payable | 47/48 | €244,449 | €43,420 | -€201,029 | -82.2% |
| Accrued charges and deferred income | 492/3 | €7,527 | €7,847 | +€320 | +4.2% |
| Non-recurring operating income | 76A | - | €12,000 | +€12,000 | |
| Remuneration, social security and pensions | 62 | - | €2,643 | +€2,643 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,626 | €57,811 | +€17,184 | +42.3% |
| Other operating charges | 640/8 | €6,111 | €9,153 | +€3,043 | +49.8% |
| Gross operating margin | 9900 | €128,978 | €182,379 | +€53,401 | +41.4% |
| Operating profit (loss) | 9901 | €82,241 | €112,772 | +€30,531 | +37.1% |
| Financial income | 75/76B | €133,457 | €157,139 | +€23,682 | +17.7% |
| Recurring financial income | 75 | €133,457 | €157,139 | +€23,682 | +17.7% |
| Financial charges | 65/66B | €10,318 | €4,135 | -€6,183 | -59.9% |
| Recurring financial charges | 65 | €9,498 | €410 | -€9,088 | -95.7% |
| Non-recurring financial charges | 66B | €820 | €3,725 | +€2,905 | +354.3% |
| Profit (loss) for the period before taxes | 9903 | €205,379 | €265,776 | +€60,396 | +29.4% |
| Income taxes | 67/77 | €51,455 | €65,220 | +€13,766 | +26.8% |
| Profit (loss) for the period | 9904 | €153,925 | €200,555 | +€46,631 | +30.3% |
| Profit (loss) for the period to be appropriated | 9905 | €153,925 | €200,555 | +€46,631 | +30.3% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.