SPANJE: 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.
SPANJE
Largest movements
- Tangible fixed assets -€17,447
down €17,447 (-13.1%), from €133,561 to €116,114
of which Furniture and vehicles: -€20,454
- Deferred charges and accrued income -€3,240
down €3,240 (-38.8%), from €8,350 to €5,110
- Cash +€2,730
up €2,730 (+17.8%), from €15,365 to €18,095
mainly Depreciation (+€30,049) and Other debts (+€26,235)
- Reserves -€26,500
down €26,500 (-46.1%), from €57,500 to €31,000
- Other debts +€26,235
up €26,235 (+3,370%), from €779 to €27,014
- Debts after one year -€19,506
down €19,506 (-35.9%), from €54,304 to €34,798
- Trade debts +€10,862
up €10,862 (+39.3%), from €27,648 to €38,510
- Profit (loss) carried forward -€7,458
down €7,458 (-47.8%), from -€15,600 to -€23,059
- Gross operating margin +€34,051
up €34,051 (+35.3%), from €96,554 to €130,605
- Staff costs +€21,095
up €21,095 (+38.3%), from €55,093 to €76,189
- Depreciation -€1,776
down €1,776 (-5.6%), from €31,825 to €30,049
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 | €189,715 | €172,247 | -€17,468 | -9.2% |
| Fixed assets | 21/28 | €133,561 | €116,114 | -€17,447 | -13.1% |
| Tangible fixed assets | 22/27 | €133,561 | €116,114 | -€17,447 | -13.1% |
| Land and buildings | 22 | €4,290 | €4,200 | -€90 | -2.1% |
| Plant, machinery and equipment | 23 | €18,132 | €26,046 | +€7,913 | +43.6% |
| Furniture and vehicles | 24 | €97,774 | €77,321 | -€20,454 | -20.9% |
| Other tangible fixed assets | 26 | €13,364 | €8,547 | -€4,817 | -36.0% |
| Current assets | 29/58 | €56,154 | €56,133 | -€21 | 0.0% |
| Amounts receivable after more than one year | 29 | €12,500 | €12,500 | = | 0.0% |
| Other amounts receivable | 291 | €12,500 | €12,500 | = | 0.0% |
| Stocks and contracts in progress | 3 | €19,487 | €18,906 | -€581 | -3.0% |
| Stocks | 30/36 | €19,487 | €18,906 | -€581 | -3.0% |
| Amounts receivable within one year | 40/41 | €452 | €1,522 | +€1,070 | +237% |
| Trade receivables | 40 | €163 | €1,358 | +€1,195 | +733% |
| Other amounts receivable | 41 | €289 | €164 | -€125 | -43.2% |
| Cash at bank and in hand | 54/58 | €15,365 | €18,095 | +€2,730 | +17.8% |
| Deferred charges and accrued income | 490/1 | €8,350 | €5,110 | -€3,240 | -38.8% |
| Total equity and liabilities | 10/49 | €189,715 | €172,247 | -€17,468 | -9.2% |
| Equity | 10/15 | €60,500 | €26,541 | -€33,958 | -56.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €57,500 | €31,000 | -€26,500 | -46.1% |
| Distributable reserves | 133 | €57,500 | €31,000 | -€26,500 | -46.1% |
| Profit (loss) carried forward | 14 | -€15,600 | -€23,059 | -€7,458 | -47.8% |
| Amounts payable | 17/49 | €129,216 | €145,706 | +€16,490 | +12.8% |
| Amounts payable after more than one year | 17 | €54,304 | €34,798 | -€19,506 | -35.9% |
| Financial debts | 170/4 | €54,304 | €34,798 | -€19,506 | -35.9% |
| Amounts payable within one year | 42/48 | €74,912 | €110,908 | +€35,996 | +48.1% |
| Current portion of amounts payable after more than one year | 42 | €31,145 | €29,877 | -€1,268 | -4.1% |
| Trade debts | 44 | €27,648 | €38,510 | +€10,862 | +39.3% |
| Suppliers | 440/4 | €27,648 | €38,510 | +€10,862 | +39.3% |
| Taxes, remuneration and social security | 45 | €15,340 | €15,506 | +€166 | +1.1% |
| Taxes | 450/3 | €7,118 | €7,453 | +€335 | +4.7% |
| Remuneration and social security | 454/9 | €8,222 | €8,053 | -€168 | -2.0% |
| Other amounts payable | 47/48 | €779 | €27,014 | +€26,235 | +3,370% |
| Non-recurring operating income | 76A | €5,194 | - | -€5,194 | |
| Remuneration, social security and pensions | 62 | €55,093 | €76,189 | +€21,095 | +38.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,825 | €30,049 | -€1,776 | -5.6% |
| Other operating charges | 640/8 | €4,044 | €4,784 | +€740 | +18.3% |
| Non-recurring operating charges | 66A | - | €23,864 | +€23,864 | |
| Gross operating margin | 9900 | €96,554 | €130,605 | +€34,051 | +35.3% |
| Operating profit (loss) | 9901 | €5,591 | -€4,281 | -€9,872 | |
| Financial income | 75/76B | €368 | €376 | +€8 | +2.3% |
| Recurring financial income | 75 | €368 | €376 | +€8 | +2.3% |
| Financial charges | 65/66B | €3,604 | €3,218 | -€386 | -10.7% |
| Recurring financial charges | 65 | €3,604 | €3,218 | -€386 | -10.7% |
| Profit (loss) for the period before taxes | 9903 | €2,355 | -€7,122 | -€9,477 | |
| Income taxes | 67/77 | €1,255 | €336 | -€919 | -73.2% |
| Profit (loss) for the period | 9904 | €1,100 | -€7,458 | -€8,558 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,100 | -€7,458 | -€8,558 |
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 15 October 2026 via checked.be.