Spanoghe: 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.
Spanoghe
Largest movements
- Tangible fixed assets -€9,892
down €9,892 (-19.4%), from €50,941 to €41,049
of which Plant, machinery and equipment: -€5,808
- Cash +€2,146
up €2,146 (+4.6%), from €46,357 to €48,502
mainly Depreciation (+€11,775) and Trade debts (+€4,951)
- Other debts -€8,560
down €8,560 (-36.1%), from €23,679 to €15,119
- Debts after one year -€7,885
down €7,885 (-23.1%), from €34,157 to €26,271
- Trade debts +€4,951
up €4,951 (+38.5%), from €12,858 to €17,809
- Profit (loss) carried forward +€2,569
up €2,569 (+25.1%), from €10,253 to €12,822
- Tax, wage and social debts +€1,391
up €1,391 (+12.1%), from €11,510 to €12,900
of which Taxes: +€698
- Gross operating margin -€28,221
down €28,221 (-30.0%), from €94,004 to €65,783
- Depreciation +€2,066
up €2,066 (+21.3%), from €9,709 to €11,775
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 | €105,071 | €97,807 | -€7,264 | -6.9% |
| Fixed assets | 21/28 | €50,941 | €41,049 | -€9,892 | -19.4% |
| Tangible fixed assets | 22/27 | €50,941 | €41,049 | -€9,892 | -19.4% |
| Land and buildings | 22 | €30,904 | €26,820 | -€4,085 | -13.2% |
| Plant, machinery and equipment | 23 | €20,037 | €14,229 | -€5,808 | -29.0% |
| Current assets | 29/58 | €54,130 | €56,758 | +€2,628 | +4.9% |
| Stocks and contracts in progress | 3 | €7,115 | €7,583 | +€468 | +6.6% |
| Stocks | 30/36 | €7,115 | €7,583 | +€468 | +6.6% |
| Amounts receivable within one year | 40/41 | €0 | - | = | |
| Trade receivables | 40 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €46,357 | €48,502 | +€2,146 | +4.6% |
| Deferred charges and accrued income | 490/1 | €658 | €672 | +€14 | +2.2% |
| Total equity and liabilities | 10/49 | €105,071 | €97,807 | -€7,264 | -6.9% |
| Equity | 10/15 | €15,253 | €17,822 | +€2,569 | +16.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €10,253 | €12,822 | +€2,569 | +25.1% |
| Amounts payable | 17/49 | €89,818 | €79,985 | -€9,833 | -10.9% |
| Amounts payable after more than one year | 17 | €34,157 | €26,271 | -€7,885 | -23.1% |
| Financial debts | 170/4 | €34,157 | €26,271 | -€7,885 | -23.1% |
| Amounts payable within one year | 42/48 | €55,661 | €53,714 | -€1,947 | -3.5% |
| Current portion of amounts payable after more than one year | 42 | €7,614 | €7,885 | +€271 | +3.6% |
| Trade debts | 44 | €12,858 | €17,809 | +€4,951 | +38.5% |
| Suppliers | 440/4 | €12,858 | €17,809 | +€4,951 | +38.5% |
| Taxes, remuneration and social security | 45 | €11,510 | €12,900 | +€1,391 | +12.1% |
| Taxes | 450/3 | €4,083 | €4,781 | +€698 | +17.1% |
| Remuneration and social security | 454/9 | €7,427 | €8,120 | +€693 | +9.3% |
| Other amounts payable | 47/48 | €23,679 | €15,119 | -€8,560 | -36.1% |
| Remuneration, social security and pensions | 62 | €46,585 | €46,599 | +€14 | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,709 | €11,775 | +€2,066 | +21.3% |
| Other operating charges | 640/8 | €623 | €640 | +€16 | +2.6% |
| Gross operating margin | 9900 | €94,004 | €65,783 | -€28,221 | -30.0% |
| Operating profit (loss) | 9901 | €37,086 | €6,770 | -€30,316 | -81.7% |
| Financial income | 75/76B | €128 | €56 | -€72 | -56.0% |
| Recurring financial income | 75 | €128 | €56 | -€72 | -56.0% |
| Financial charges | 65/66B | €3,776 | €3,582 | -€194 | -5.1% |
| Recurring financial charges | 65 | €3,776 | €3,582 | -€194 | -5.1% |
| Profit (loss) for the period before taxes | 9903 | €33,438 | €3,244 | -€30,194 | -90.3% |
| Income taxes | 67/77 | - | €676 | +€676 | |
| Profit (loss) for the period | 9904 | €33,438 | €2,569 | -€30,870 | -92.3% |
| Profit (loss) for the period to be appropriated | 9905 | €33,438 | €2,569 | -€30,870 | -92.3% |
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 1 October 2026 via checked.be.