SpanCircle: 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.
SpanCircle
Largest movements
- Current investments +€886,786
up €886,786 (+63.3%), from €1.4m to €2.3m
- Cash -€108,709
down €108,709 (-31.2%), from €348,970 to €240,261
mainly Current investments (-€886,786) and Contributions, distributions and other (-€60,000)
- Tangible fixed assets -€81,574
down €81,574 (-8.1%), from €1.0m to €926,487
of which Furniture and vehicles: -€42,108
- Receivables after one year -€41,243
down €41,243 (-44.1%), from €93,521 to €52,278
- Profit (loss) carried forward +€726,333
up €726,333 (+55.9%), from €1.3m to €2.0m
- Reserves -€60,000
down €60,000 (-4.3%), from €1.4m to €1.3m
- Other debts +€52,324
up €52,324 (+113%), from €46,438 to €98,762
- Gross operating margin -€63,952
down €63,952 (-27.8%), from €229,943 to €165,991
- Financial charges +€34,609
up €34,609 (+203%), from €17,008 to €51,617
- Financial income +€25,370
up €25,370 (+3.6%), from €695,405 to €720,775
- Taxes -€13,864
down €13,864 (-33.9%), from €40,920 to €27,056
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 | €2,996,462 | €3,673,835 | +€677,373 | +22.6% |
| Fixed assets | 21/28 | €1,119,561 | €1,037,987 | -€81,574 | -7.3% |
| Tangible fixed assets | 22/27 | €1,008,061 | €926,487 | -€81,574 | -8.1% |
| Land and buildings | 22 | €950,562 | €911,097 | -€39,465 | -4.2% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | 0.0% |
| Furniture and vehicles | 24 | €57,499 | €15,390 | -€42,108 | -73.2% |
| Financial fixed assets | 28 | €111,500 | €111,500 | = | 0.0% |
| Current assets | 29/58 | €1,876,901 | €2,635,848 | +€758,947 | +40.4% |
| Amounts receivable after more than one year | 29 | €93,521 | €52,278 | -€41,243 | -44.1% |
| Other amounts receivable | 291 | €93,521 | €52,278 | -€41,243 | -44.1% |
| Amounts receivable within one year | 40/41 | €21,561 | €42,726 | +€21,165 | +98.2% |
| Trade receivables | 40 | €20,833 | €16,667 | -€4,167 | -20.0% |
| Other amounts receivable | 41 | €728 | €26,059 | +€25,332 | +3,482% |
| Current investments | 50/53 | €1,401,327 | €2,288,113 | +€886,786 | +63.3% |
| Cash at bank and in hand | 54/58 | €348,970 | €240,261 | -€108,709 | -31.2% |
| Deferred charges and accrued income | 490/1 | €11,522 | €12,470 | +€948 | +8.2% |
| Total equity and liabilities | 10/49 | €2,996,462 | €3,673,835 | +€677,373 | +22.6% |
| Equity | 10/15 | €2,727,087 | €3,393,420 | +€666,333 | +24.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,409,860 | €1,349,860 | -€60,000 | -4.3% |
| Distributable reserves | 133 | €1,409,860 | €1,349,860 | -€60,000 | -4.3% |
| Profit (loss) carried forward | 14 | €1,298,627 | €2,024,960 | +€726,333 | +55.9% |
| Amounts payable | 17/49 | €269,375 | €280,415 | +€11,040 | +4.1% |
| Amounts payable after more than one year | 17 | €166,732 | €133,715 | -€33,017 | -19.8% |
| Financial debts | 170/4 | €166,732 | €132,720 | -€34,012 | -20.4% |
| Other amounts payable | 178/9 | - | €995 | +€995 | |
| Amounts payable within one year | 42/48 | €102,644 | €146,700 | +€44,057 | +42.9% |
| Current portion of amounts payable after more than one year | 42 | €33,597 | €34,012 | +€415 | +1.2% |
| Trade debts | 44 | €11,117 | €10,927 | -€190 | -1.7% |
| Suppliers | 440/4 | €11,117 | €10,927 | -€190 | -1.7% |
| Taxes, remuneration and social security | 45 | €11,492 | €3,000 | -€8,492 | -73.9% |
| Taxes | 450/3 | €11,492 | €3,000 | -€8,492 | -73.9% |
| Other amounts payable | 47/48 | €46,438 | €98,762 | +€52,324 | +113% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €81,180 | €81,574 | +€394 | +0.5% |
| Other operating charges | 640/8 | €179 | €186 | +€7 | +4.0% |
| Gross operating margin | 9900 | €229,943 | €165,991 | -€63,952 | -27.8% |
| Operating profit (loss) | 9901 | €148,584 | €84,231 | -€64,353 | -43.3% |
| Financial income | 75/76B | €695,405 | €720,775 | +€25,370 | +3.6% |
| Recurring financial income | 75 | €695,405 | €720,775 | +€25,370 | +3.6% |
| Financial charges | 65/66B | €17,008 | €51,617 | +€34,609 | +203% |
| Recurring financial charges | 65 | €17,008 | €51,617 | +€34,609 | +203% |
| Profit (loss) for the period before taxes | 9903 | €826,982 | €753,389 | -€73,592 | -8.9% |
| Income taxes | 67/77 | €40,920 | €27,056 | -€13,864 | -33.9% |
| Profit (loss) for the period | 9904 | €786,061 | €726,333 | -€59,728 | -7.6% |
| Profit (loss) for the period to be appropriated | 9905 | €786,061 | €726,333 | -€59,728 | -7.6% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.