SPARTAN: 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.
SPARTAN
Largest movements
- Tangible fixed assets +€42,259
up €42,259 (+63.5%), from €66,498 to €108,757
of which Plant, machinery and equipment: +€55,619
- Receivables within one year +€6,417
up €6,417 (+15.5%), from €41,529 to €47,945
of which Other amounts receivable: +€10,440
- Cash +€2,840
up €2,840 (+161%), from €1,762 to €4,602
mainly Trade debts (+€63,002) and Depreciation (+€40,958)
- Intangible fixed assets -€1,778
down €1,778 (-35.8%), from €4,960 to €3,182
- Trade debts +€63,002
up €63,002 (+601%), from €10,475 to €73,478
- Profit (loss) carried forward -€22,273
down €22,273 (-29.2%), from €76,302 to €54,029
- Accrued charges and deferred income +€5,655
up €5,655 (+10,282%), from €55 to €5,710
- Tax, wage and social debts +€1,955
up €1,955 (+12.9%), from €15,148 to €17,103
of which Taxes: +€995
- Depreciation +€14,814
up €14,814 (+56.7%), from €26,144 to €40,958
- Staff costs +€6,589
up €6,589 (+33.6%), from €19,608 to €26,197
- Gross operating margin +€4,696
up €4,696 (+10.4%), from €45,046 to €49,742
- Financial income -€1,058
down €1,058 (-89.3%), from €1,185 to €126
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 | €116,073 | €165,868 | +€49,795 | +42.9% |
| Fixed assets | 21/28 | €71,458 | €111,939 | +€40,481 | +56.6% |
| Intangible fixed assets | 21 | €4,960 | €3,182 | -€1,778 | -35.8% |
| Tangible fixed assets | 22/27 | €66,498 | €108,757 | +€42,259 | +63.5% |
| Land and buildings | 22 | €38,294 | €26,512 | -€11,781 | -30.8% |
| Plant, machinery and equipment | 23 | €23,782 | €79,401 | +€55,619 | +234% |
| Furniture and vehicles | 24 | €4,423 | €2,844 | -€1,579 | -35.7% |
| Current assets | 29/58 | €44,615 | €53,929 | +€9,315 | +20.9% |
| Amounts receivable within one year | 40/41 | €41,529 | €47,945 | +€6,417 | +15.5% |
| Trade receivables | 40 | €28,329 | €24,305 | -€4,023 | -14.2% |
| Other amounts receivable | 41 | €13,200 | €23,640 | +€10,440 | +79.1% |
| Cash at bank and in hand | 54/58 | €1,762 | €4,602 | +€2,840 | +161% |
| Deferred charges and accrued income | 490/1 | €1,324 | €1,382 | +€58 | +4.4% |
| Total equity and liabilities | 10/49 | €116,073 | €165,868 | +€49,795 | +42.9% |
| Equity | 10/15 | €84,362 | €62,089 | -€22,273 | -26.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €76,302 | €54,029 | -€22,273 | -29.2% |
| Amounts payable | 17/49 | €31,711 | €103,779 | +€72,069 | +227% |
| Amounts payable within one year | 42/48 | €31,656 | €98,069 | +€66,414 | +210% |
| Current portion of amounts payable after more than one year | 42 | €3,448 | €3,499 | +€51 | +1.5% |
| Trade debts | 44 | €10,475 | €73,478 | +€63,002 | +601% |
| Suppliers | 440/4 | €10,475 | €73,478 | +€63,002 | +601% |
| Taxes, remuneration and social security | 45 | €15,148 | €17,103 | +€1,955 | +12.9% |
| Taxes | 450/3 | €10,712 | €11,707 | +€995 | +9.3% |
| Remuneration and social security | 454/9 | €4,436 | €5,396 | +€961 | +21.7% |
| Other amounts payable | 47/48 | €2,585 | €3,990 | +€1,405 | +54.4% |
| Accrued charges and deferred income | 492/3 | €55 | €5,710 | +€5,655 | +10,282% |
| Remuneration, social security and pensions | 62 | €19,608 | €26,197 | +€6,589 | +33.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,144 | €40,958 | +€14,814 | +56.7% |
| Other operating charges | 640/8 | €2,655 | €2,683 | +€28 | +1.1% |
| Gross operating margin | 9900 | €45,046 | €49,742 | +€4,696 | +10.4% |
| Operating profit (loss) | 9901 | -€3,360 | -€20,096 | -€16,736 | -498% |
| Financial income | 75/76B | €1,185 | €126 | -€1,058 | -89.3% |
| Recurring financial income | 75 | €1,185 | €126 | -€1,058 | -89.3% |
| Financial charges | 65/66B | €1,973 | €2,303 | +€330 | +16.7% |
| Recurring financial charges | 65 | €1,973 | €2,303 | +€330 | +16.7% |
| Profit (loss) for the period before taxes | 9903 | -€4,149 | -€22,273 | -€18,124 | -437% |
| Income taxes | 67/77 | €0 | €0 | = | |
| Profit (loss) for the period | 9904 | -€4,149 | -€22,273 | -€18,124 | -437% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,149 | -€22,273 | -€18,124 | -437% |
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 20 October 2026 via checked.be.