Spapen BV: 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.
Spapen BV
Largest movements
- Tangible fixed assets +€162,023
up €162,023 (+623%), from €26,000 to €188,023
- Stocks and contracts -€35,248
down €35,248 (-100%), from €35,248 to €0
- Receivables within one year +€6,577
new in 2025: €6,577
- Other debts +€140,854
up €140,854 (+367%), from €38,363 to €179,217
- Profit (loss) carried forward -€25,664
down €25,664 (-100%), from €25,664 to €0
- Tax, wage and social debts +€18,614
up €18,614 (+305%), from €6,110 to €24,724
- Reserves +€9,829
new in 2025: €9,829
- Trade debts -€9,600
down €9,600 (-95.4%), from €10,067 to €468
- Financial charges +€7,480
up €7,480 (+4,581%), from €163 to €7,643
- Gross operating margin +€4,093
up €4,093, from -€2,080 to €2,014
- Depreciation +€2,490
new in 2025: €2,490
- Other operating charges +€212
up €212 (+90.0%), from €236 to €448
- Financial income +€118
up €118, from €0 to €118
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 | €82,205 | €216,238 | +€134,033 | +163% |
| Fixed assets | 21/28 | €26,325 | €188,023 | +€161,698 | +614% |
| Tangible fixed assets | 22/27 | €26,000 | €188,023 | +€162,023 | +623% |
| Land and buildings | 22 | €26,000 | €188,023 | +€162,023 | +623% |
| Financial fixed assets | 28 | €325 | - | -€325 | |
| Current assets | 29/58 | €55,880 | €28,215 | -€27,664 | -49.5% |
| Stocks and contracts in progress | 3 | €35,248 | €0 | -€35,248 | -100% |
| Stocks | 30/36 | €35,248 | €0 | -€35,248 | -100% |
| Amounts receivable within one year | 40/41 | - | €6,577 | +€6,577 | |
| Other amounts receivable | 41 | - | €6,577 | +€6,577 | |
| Cash at bank and in hand | 54/58 | €20,632 | €21,639 | +€1,007 | +4.9% |
| Total equity and liabilities | 10/49 | €82,205 | €216,238 | +€134,033 | +163% |
| Equity | 10/15 | €27,664 | €11,829 | -€15,835 | -57.2% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | - | €9,829 | +€9,829 | |
| Distributable reserves | 133 | - | €9,829 | +€9,829 | |
| Profit (loss) carried forward | 14 | €25,664 | €0 | -€25,664 | -100% |
| Amounts payable | 17/49 | €54,541 | €204,409 | +€149,868 | +275% |
| Amounts payable within one year | 42/48 | €54,541 | €204,409 | +€149,868 | +275% |
| Trade debts | 44 | €10,067 | €468 | -€9,600 | -95.4% |
| Suppliers | 440/4 | €10,067 | €468 | -€9,600 | -95.4% |
| Taxes, remuneration and social security | 45 | €6,110 | €24,724 | +€18,614 | +305% |
| Taxes | 450/3 | €6,110 | €24,724 | +€18,614 | +305% |
| Other amounts payable | 47/48 | €38,363 | €179,217 | +€140,854 | +367% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €2,490 | +€2,490 | |
| Other operating charges | 640/8 | €236 | €448 | +€212 | +90.0% |
| Non-recurring operating charges | 66A | €0 | €7,385 | +€7,385 | +10,549,900% |
| Gross operating margin | 9900 | -€2,080 | €2,014 | +€4,093 | |
| Operating profit (loss) | 9901 | -€2,316 | -€8,309 | -€5,994 | -259% |
| Financial income | 75/76B | €0 | €118 | +€118 | |
| Recurring financial income | 75 | €0 | €118 | +€118 | |
| Financial charges | 65/66B | €163 | €7,643 | +€7,480 | +4,581% |
| Recurring financial charges | 65 | €163 | €7,643 | +€7,480 | +4,581% |
| Profit (loss) for the period before taxes | 9903 | -€2,479 | -€15,835 | -€13,356 | -539% |
| Profit (loss) for the period | 9904 | -€2,479 | -€15,835 | -€13,356 | -539% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,479 | -€15,835 | -€13,356 | -539% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.