SPAR LA FORGE: 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.
SPAR LA FORGE
Largest movements
- Current investments -€35,000
no longer reported in 2026 (was €35,000)
- Cash +€33,858
up €33,858 (+37.5%), from €90,394 to €124,252
mainly Current investments (+€35,000) and Depreciation (+€8,773)
- Tangible fixed assets -€4,066
down €4,066 (-25.9%), from €15,716 to €11,650
- Receivables within one year +€2,347
up €2,347 (+38.2%), from €6,141 to €8,487
of which Other amounts receivable: +€3,200
- Reserves -€4,000
down €4,000 (-3.5%), from €112,750 to €108,750
- Gross operating margin -€3,069
down €3,069 (-2.6%), from €118,701 to €115,631
- Staff costs +€2,252
up €2,252 (+3.2%), from €70,943 to €73,194
- Financial charges -€1,619
down €1,619 (-7.1%), from €22,825 to €21,205
- Financial income +€1,334
up €1,334 (+166%), from €804 to €2,138
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €209,318 | €208,178 | -€1,140 | -0.5% |
| Fixed assets | 21/28 | €15,806 | €11,740 | -€4,066 | -25.7% |
| Tangible fixed assets | 22/27 | €15,716 | €11,650 | -€4,066 | -25.9% |
| Plant, machinery and equipment | 23 | €15,716 | €11,650 | -€4,066 | -25.9% |
| Financial fixed assets | 28 | €90 | €90 | = | 0.0% |
| Current assets | 29/58 | €193,512 | €196,438 | +€2,926 | +1.5% |
| Stocks and contracts in progress | 3 | €59,598 | €60,950 | +€1,352 | +2.3% |
| Stocks | 30/36 | €59,598 | €60,950 | +€1,352 | +2.3% |
| Amounts receivable within one year | 40/41 | €6,141 | €8,487 | +€2,347 | +38.2% |
| Trade receivables | 40 | €1,325 | €471 | -€854 | -64.4% |
| Other amounts receivable | 41 | €4,816 | €8,016 | +€3,200 | +66.4% |
| Current investments | 50/53 | €35,000 | - | -€35,000 | |
| Cash at bank and in hand | 54/58 | €90,394 | €124,252 | +€33,858 | +37.5% |
| Deferred charges and accrued income | 490/1 | €2,379 | €2,748 | +€370 | +15.5% |
| Total equity and liabilities | 10/49 | €209,318 | €208,178 | -€1,140 | -0.5% |
| Equity | 10/15 | €157,287 | €153,317 | -€3,971 | -2.5% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €112,750 | €108,750 | -€4,000 | -3.5% |
| Distributable reserves | 133 | €112,750 | €108,750 | -€4,000 | -3.5% |
| Profit (loss) carried forward | 14 | €24,537 | €24,567 | +€29 | +0.1% |
| Amounts payable | 17/49 | €52,030 | €54,861 | +€2,830 | +5.4% |
| Amounts payable within one year | 42/48 | €52,030 | €54,861 | +€2,830 | +5.4% |
| Trade debts | 44 | €5,445 | €6,085 | +€639 | +11.7% |
| Suppliers | 440/4 | €5,445 | €6,085 | +€639 | +11.7% |
| Taxes, remuneration and social security | 45 | €8,821 | €8,976 | +€154 | +1.8% |
| Taxes | 450/3 | €656 | €500 | -€156 | -23.7% |
| Remuneration and social security | 454/9 | €8,165 | €8,476 | +€310 | +3.8% |
| Other amounts payable | 47/48 | €37,764 | €39,801 | +€2,037 | +5.4% |
| Non-recurring operating income | 76A | €31 | €33 | +€3 | +8.5% |
| Remuneration, social security and pensions | 62 | €70,943 | €73,194 | +€2,252 | +3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,962 | €8,773 | -€189 | -2.1% |
| Other operating charges | 640/8 | €5,213 | €4,634 | -€578 | -11.1% |
| Non-recurring operating charges | 66A | €72 | €72 | +€0 | 0.0% |
| Gross operating margin | 9900 | €118,701 | €115,631 | -€3,069 | -2.6% |
| Operating profit (loss) | 9901 | €33,511 | €28,958 | -€4,554 | -13.6% |
| Financial income | 75/76B | €804 | €2,138 | +€1,334 | +166% |
| Recurring financial income | 75 | €804 | €2,138 | +€1,334 | +166% |
| Financial charges | 65/66B | €22,825 | €21,205 | -€1,619 | -7.1% |
| Recurring financial charges | 65 | €22,825 | €21,205 | -€1,619 | -7.1% |
| Profit (loss) for the period before taxes | 9903 | €11,491 | €9,891 | -€1,600 | -13.9% |
| Income taxes | 67/77 | €4,326 | €3,861 | -€465 | -10.7% |
| Profit (loss) for the period | 9904 | €7,165 | €6,029 | -€1,135 | -15.8% |
| Profit (loss) for the period to be appropriated | 9905 | €7,165 | €6,029 | -€1,135 | -15.8% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.