Spatius: 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.
Spatius
Largest movements
- Tangible fixed assets +€1.4m
up €1.4m (+68.4%), from €2.0m to €3.4m
of which Land and buildings: +€1.2m
- Financial fixed assets -€500,000
no longer reported in 2025 (was €500,000)
- Cash +€377,477
up €377,477 (+787%), from €47,988 to €425,465
mainly Contributions, distributions and other (+€998,989) and Debts after one year (+€679,747)
- Receivables after one year +€351,344
up €351,344 (+3,150%), from €11,153 to €362,497
of which Other amounts receivable: +€347,256
- Contributions +€999,000
up €999,000 (+55.5%), from €1.8m to €2.8m
- Debts after one year +€679,747
up €679,747 (+81.8%), from €830,912 to €1.5m
- Profit (loss) carried forward -€46,235
down €46,235 (-133%), from -€34,736 to -€80,971
- Financial income -€58,212
down €58,212 (-77.1%), from €75,542 to €17,330
of which Non-recurring financial income: -€62,917
- Turnover +€32,670
up €32,670 (+83.6%), from €39,056 to €71,726
- Depreciation +€25,483
up €25,483 (+91.5%), from €27,865 to €53,348
- Financial charges +€19,053
up €19,053 (+192%), from €9,898 to €28,951
- Purchases and services +€18,003
up €18,003 (+54.3%), from €33,141 to €51,144
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 | €2,603,388 | €4,235,145 | +€1.6m | +62.7% |
| Formation expenses | 20 | - | €4,430 | +€4,430 | |
| Fixed assets | 21/28 | €2,544,247 | €3,442,753 | +€898,506 | +35.3% |
| Tangible fixed assets | 22/27 | €2,044,247 | €3,442,753 | +€1.4m | +68.4% |
| Land and buildings | 22 | €1,205,327 | €2,408,596 | +€1.2m | +99.8% |
| Plant, machinery and equipment | 23 | €5,058 | €4,853 | -€205 | -4.1% |
| Furniture and vehicles | 24 | €51,755 | €40,414 | -€11,341 | -21.9% |
| Assets under construction and advance payments | 27 | €782,107 | €988,890 | +€206,783 | +26.4% |
| Financial fixed assets | 28 | €500,000 | - | -€500,000 | |
| Current assets | 29/58 | €59,141 | €787,962 | +€728,821 | +1,232% |
| Amounts receivable after more than one year | 29 | €11,153 | €362,497 | +€351,344 | +3,150% |
| Trade receivables | 290 | €3,750 | €7,838 | +€4,088 | +109% |
| Other amounts receivable | 291 | €7,403 | €354,659 | +€347,256 | +4,691% |
| Cash at bank and in hand | 54/58 | €47,988 | €425,465 | +€377,477 | +787% |
| Total equity and liabilities | 10/49 | €2,603,388 | €4,235,145 | +€1.6m | +62.7% |
| Equity | 10/15 | €1,765,264 | €2,718,029 | +€952,765 | +54.0% |
| Contributions | 10/11 | €1,800,000 | €2,799,000 | +€999,000 | +55.5% |
| Profit (loss) carried forward | 14 | -€34,736 | -€80,971 | -€46,235 | -133% |
| Amounts payable | 17/49 | €838,124 | €1,517,116 | +€678,992 | +81.0% |
| Amounts payable after more than one year | 17 | €830,912 | €1,510,659 | +€679,747 | +81.8% |
| Financial debts | 170/4 | €830,912 | €1,510,659 | +€679,747 | +81.8% |
| Amounts payable within one year | 42/48 | €7,212 | €6,457 | -€755 | -10.5% |
| Financial debts | 43 | €450 | €1,196 | +€746 | +166% |
| Credit institutions | 430/8 | €450 | €1,196 | +€746 | +166% |
| Trade debts | 44 | €3,192 | €3,545 | +€353 | +11.1% |
| Suppliers | 440/4 | €3,192 | €3,545 | +€353 | +11.1% |
| Advances received on contracts in progress | 46 | - | €1,716 | +€1,716 | |
| Other amounts payable | 47/48 | €3,570 | - | -€3,570 | |
| Turnover | 70 | €39,056 | €71,726 | +€32,670 | +83.6% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Goods, raw materials, services and sundry goods | 60/61 | €33,141 | €51,144 | +€18,003 | +54.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,865 | €53,348 | +€25,483 | +91.5% |
| Other operating charges | 640/8 | €169 | €111 | -€58 | -34.3% |
| Gross operating margin | 9900 | €5,915 | €20,582 | +€14,667 | +248% |
| Operating profit (loss) | 9901 | -€22,119 | -€32,877 | -€10,758 | -48.6% |
| Financial income | 75/76B | €75,542 | €17,330 | -€58,212 | -77.1% |
| Recurring financial income | 75 | €12,625 | €17,330 | +€4,705 | +37.3% |
| Non-recurring financial income | 76B | €62,917 | €0 | -€62,917 | -100% |
| Financial charges | 65/66B | €9,898 | €28,951 | +€19,053 | +192% |
| Recurring financial charges | 65 | €9,898 | €28,951 | +€19,053 | +192% |
| Profit (loss) for the period before taxes | 9903 | €43,525 | -€44,498 | -€88,023 | |
| Income taxes | 67/77 | €3,788 | €1,726 | -€2,062 | -54.4% |
| Profit (loss) for the period | 9904 | €39,737 | -€46,224 | -€85,961 | |
| Profit (loss) for the period to be appropriated | 9905 | €39,737 | -€46,224 | -€85,961 |
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 19 October 2026 via checked.be.