SPARTAN PRO: 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 PRO
Largest movements
- Tangible fixed assets -€16,365
down €16,365 (-31.6%), from €51,793 to €35,428
of which Leasing and similar rights: -€9,409
- Cash -€5,116
down €5,116 (-70.5%), from €7,255 to €2,139
mainly Net result for the year (-€13,583) and Debts after one year (-€8,302)
- Receivables within one year -€1,416
down €1,416 (-9.5%), from €14,919 to €13,503
of which Trade receivables: -€1,427
- Profit (loss) carried forward -€13,583
down €13,583, from €3,417 to -€10,166
- Debts after one year -€8,302
down €8,302 (-50.6%), from €16,416 to €8,114
- Tax, wage and social debts -€1,521
down €1,521 (-13.9%), from €10,956 to €9,435
- Gross operating margin -€45,638
down €45,638 (-86.6%), from €52,698 to €7,060
- Taxes -€8,025
no longer reported in 2025 (was €8,025)
- Other operating charges +€1,513
up €1,513 (+139%), from €1,090 to €2,603
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 | €75,857 | €52,746 | -€23,111 | -30.5% |
| Fixed assets | 21/28 | €51,793 | €35,428 | -€16,365 | -31.6% |
| Tangible fixed assets | 22/27 | €51,793 | €35,428 | -€16,365 | -31.6% |
| Plant, machinery and equipment | 23 | €21,032 | €15,431 | -€5,601 | -26.6% |
| Furniture and vehicles | 24 | €3,410 | €2,056 | -€1,355 | -39.7% |
| Leasing and similar rights | 25 | €27,351 | €17,942 | -€9,409 | -34.4% |
| Current assets | 29/58 | €24,064 | €17,318 | -€6,746 | -28.0% |
| Amounts receivable within one year | 40/41 | €14,919 | €13,503 | -€1,416 | -9.5% |
| Trade receivables | 40 | €8,773 | €7,346 | -€1,427 | -16.3% |
| Other amounts receivable | 41 | €6,146 | €6,157 | +€11 | +0.2% |
| Cash at bank and in hand | 54/58 | €7,255 | €2,139 | -€5,116 | -70.5% |
| Deferred charges and accrued income | 490/1 | €1,890 | €1,676 | -€213 | -11.3% |
| Total equity and liabilities | 10/49 | €75,857 | €52,746 | -€23,111 | -30.5% |
| Equity | 10/15 | €40,411 | €26,828 | -€13,583 | -33.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €18,394 | €18,394 | = | 0.0% |
| Distributable reserves | 133 | €18,394 | €18,394 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,417 | -€10,166 | -€13,583 | |
| Amounts payable | 17/49 | €35,446 | €25,918 | -€9,528 | -26.9% |
| Amounts payable after more than one year | 17 | €16,416 | €8,114 | -€8,302 | -50.6% |
| Financial debts | 170/4 | €16,416 | €8,114 | -€8,302 | -50.6% |
| Amounts payable within one year | 42/48 | €18,964 | €17,737 | -€1,227 | -6.5% |
| Current portion of amounts payable after more than one year | 42 | €7,764 | €8,302 | +€538 | +6.9% |
| Trade debts | 44 | €244 | - | -€244 | |
| Suppliers | 440/4 | €244 | - | -€244 | |
| Taxes, remuneration and social security | 45 | €10,956 | €9,435 | -€1,521 | -13.9% |
| Taxes | 450/3 | €10,956 | €9,435 | -€1,521 | -13.9% |
| Accrued charges and deferred income | 492/3 | €66 | €67 | +€1 | +2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,077 | €16,448 | +€371 | +2.3% |
| Other operating charges | 640/8 | €1,090 | €2,603 | +€1,513 | +139% |
| Non-recurring operating charges | 66A | €7,407 | - | -€7,407 | |
| Gross operating margin | 9900 | €52,698 | €7,060 | -€45,638 | -86.6% |
| Operating profit (loss) | 9901 | €28,124 | -€11,990 | -€40,114 | |
| Financial income | 75/76B | €289 | - | -€289 | |
| Recurring financial income | 75 | €289 | - | -€289 | |
| Financial charges | 65/66B | €1,994 | €1,593 | -€401 | -20.1% |
| Recurring financial charges | 65 | €1,994 | €1,593 | -€401 | -20.1% |
| Profit (loss) for the period before taxes | 9903 | €26,419 | -€13,583 | -€40,002 | |
| Income taxes | 67/77 | €8,025 | - | -€8,025 | |
| Profit (loss) for the period | 9904 | €18,394 | -€13,583 | -€31,977 | |
| Profit (loss) for the period to be appropriated | 9905 | €18,394 | -€13,583 | -€31,977 |
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 27 October 2026 via checked.be.