SPANS: what changed
What changed
SPANS
NACE 43.211, General electrical installation work
filed annual accounts (NBB)
Net result for the year
€111,236
2023 · €93,100+€18,136
Equity
€718,788
2023 · €607,553+€111,236
Cash
€126,516
2023 · €207,839-€81,323
Balance sheet total
€1.3m
2023 · €1.1m+€202,858
Largest movements
Assets
- Receivables within one year +€280,846
up €280,846 (+36.8%), from €763,560 to €1.0m
of which Trade receivables: +€219,520
- Cash -€81,323
down €81,323 (-39.1%), from €207,839 to €126,516
mainly Receivables within one year (-€280,846) and Tax, wage and social debts (-€53,923)
- Stocks and contracts +€28,802
up €28,802 (+28.8%), from €100,129 to €128,931
- Tangible fixed assets -€14,142
down €14,142 (-43.1%), from €32,789 to €18,647
of which Plant, machinery and equipment: -€7,503
Equity and liabilities
- Reserves +€111,236
up €111,236 (+20.9%), from €532,553 to €643,788
of which Distributable reserves: +€111,236
- Accrued charges and deferred income +€85,281
up €85,281 (+42.5%), from €200,511 to €285,791
- Tax, wage and social debts -€53,923
down €53,923 (-39.8%), from €135,462 to €81,539
of which Taxes: -€29,658
- Trade debts +€37,983
up €37,983 (+21.0%), from €180,444 to €218,427
- Short-term financial debts +€22,281
new in 2024: €22,281
Income statement
- Staff costs -€337,527
down €337,527 (-49.8%), from €677,519 to €339,992
- Gross operating margin -€319,640
down €319,640 (-38.7%), from €825,456 to €505,816
Change in the result, 2023 to 2024
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2023
€93,100
Gross operating margin
-€319,640
Staff costs
+€337,527
Depreciation
-€200
Other operating charges
-€6,069
Other operating items
+€1,801
Financial income
+€5,694
Financial charges
-€1,014
Taxes
+€37
Result 2024
€111,236
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2023 and 2024 balance sheets and the 2024 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€107,292
Investment
+€3,688
Financing
+€22,281
Cash 2023
€207,839
From operations (derived)
-€107,292
Net result for the year
+€111,236
Depreciation
+€14,396
Stocks and contracts
-€28,802
Receivables within one year
-€280,846
Deferred charges and accrued income
+€7,382
Trade debts
+€37,983
Tax, wage and social debts
-€53,923
Accrued charges and deferred income
+€85,281
Investment (derived)
+€3,688
Investment in fixed assets (net)
+€3,688
Financing
+€22,281
Short-term financial debts
+€22,281
Cash 2024
€126,516
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,123,970 | €1,326,828 | +€202,858 | +18.0% |
| Fixed assets | 21/28 | €37,493 | €19,408 | -€18,084 | -48.2% |
| Intangible fixed assets | 21 | €394 | €139 | -€254 | -64.6% |
| Tangible fixed assets | 22/27 | €32,789 | €18,647 | -€14,142 | -43.1% |
| Land and buildings | 22 | €5,138 | €4,532 | -€606 | -11.8% |
| Plant, machinery and equipment | 23 | €15,758 | €8,256 | -€7,503 | -47.6% |
| Furniture and vehicles | 24 | €11,893 | €5,860 | -€6,033 | -50.7% |
| Financial fixed assets | 28 | €4,310 | €622 | -€3,688 | -85.6% |
| Current assets | 29/58 | €1,086,477 | €1,307,419 | +€220,942 | +20.3% |
| Stocks and contracts in progress | 3 | €100,129 | €128,931 | +€28,802 | +28.8% |
| Stocks | 30/36 | €100,129 | €128,931 | +€28,802 | +28.8% |
| Amounts receivable within one year | 40/41 | €763,560 | €1,044,405 | +€280,846 | +36.8% |
| Trade receivables | 40 | €347,993 | €567,513 | +€219,520 | +63.1% |
| Other amounts receivable | 41 | €415,567 | €476,893 | +€61,325 | +14.8% |
| Cash at bank and in hand | 54/58 | €207,839 | €126,516 | -€81,323 | -39.1% |
| Deferred charges and accrued income | 490/1 | €14,949 | €7,568 | -€7,382 | -49.4% |
| Total equity and liabilities | 10/49 | €1,123,970 | €1,326,828 | +€202,858 | +18.0% |
| Equity | 10/15 | €607,553 | €718,788 | +€111,236 | +18.3% |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Capital | 10 | €75,000 | €75,000 | = | 0.0% |
| Issued capital | 100 | €75,000 | €75,000 | = | 0.0% |
| Reserves | 13 | €532,553 | €643,788 | +€111,236 | +20.9% |
| Non-distributable reserves | 130/1 | €7,500 | €7,500 | = | 0.0% |
| Legal reserve | 130 | €7,500 | €7,500 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €506,303 | €617,538 | +€111,236 | +22.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €516,417 | €608,039 | +€91,622 | +17.7% |
| Amounts payable within one year | 42/48 | €315,906 | €322,248 | +€6,342 | +2.0% |
| Financial debts | 43 | - | €22,281 | +€22,281 | |
| Credit institutions | 430/8 | - | €22,281 | +€22,281 | |
| Trade debts | 44 | €180,444 | €218,427 | +€37,983 | +21.0% |
| Suppliers | 440/4 | €180,444 | €218,427 | +€37,983 | +21.0% |
| Taxes, remuneration and social security | 45 | €135,462 | €81,539 | -€53,923 | -39.8% |
| Taxes | 450/3 | €73,622 | €43,965 | -€29,658 | -40.3% |
| Remuneration and social security | 454/9 | €61,840 | €37,575 | -€24,265 | -39.2% |
| Accrued charges and deferred income | 492/3 | €200,511 | €285,791 | +€85,281 | +42.5% |
| Non-recurring operating income | 76A | €5,777 | €0 | -€5,777 | -100% |
| Remuneration, social security and pensions | 62 | €677,519 | €339,992 | -€337,527 | -49.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,196 | €14,396 | +€200 | +1.4% |
| Other operating charges | 640/8 | €1,370 | €7,439 | +€6,069 | +443% |
| Non-recurring operating charges | 66A | €1,801 | €0 | -€1,801 | -100% |
| Gross operating margin | 9900 | €825,456 | €505,816 | -€319,640 | -38.7% |
| Operating profit (loss) | 9901 | €130,570 | €143,989 | +€13,419 | +10.3% |
| Financial income | 75/76B | €4,855 | €10,549 | +€5,694 | +117% |
| Recurring financial income | 75 | €4,855 | €10,549 | +€5,694 | +117% |
| Financial charges | 65/66B | €1,707 | €2,721 | +€1,014 | +59.4% |
| Recurring financial charges | 65 | €1,707 | €2,721 | +€1,014 | +59.4% |
| Profit (loss) for the period before taxes | 9903 | €133,718 | €151,817 | +€18,099 | +13.5% |
| Income taxes | 67/77 | €40,618 | €40,581 | -€37 | -0.1% |
| Profit (loss) for the period | 9904 | €93,100 | €111,236 | +€18,136 | +19.5% |
| Profit (loss) for the period to be appropriated | 9905 | €93,100 | €111,236 | +€18,136 | +19.5% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.