Spentys: 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.
Spentys
Largest movements
- Cash -€244,951
down €244,951 (-68.8%), from €356,031 to €111,079
mainly Investment in fixed assets (net) (-€1.1m) and Net result for the year (-€1.0m)
- Receivables within one year +€154,217
up €154,217 (+29.9%), from €515,262 to €669,479
of which Trade receivables: +€251,279
- Intangible fixed assets -€126,159
down €126,159 (-3.9%), from €3.3m to €3.1m
- Profit (loss) carried forward -€1.0m
down €1.0m (-28.1%), from -€3.7m to -€4.7m
- Debts after one year +€597,939
up €597,939 (+71.4%), from €837,822 to €1.4m
- Investment grants +€84,151
up €84,151 (+31.9%), from €263,481 to €347,631
- Current portion of long-term debt +€70,366
up €70,366 (+55.8%), from €126,130 to €196,496
- Trade debts +€43,054
up €43,054 (+27.9%), from €154,328 to €197,383
- Gross operating margin +€444,546
up €444,546 (+140.5%), from €316,382 to €760,928
- Depreciation +€208,892
up €208,892 (+20.3%), from €1.0m to €1.2m
- Staff costs -€114,427
down €114,427 (-14.1%), from €812,948 to €698,521
- Financial income +€91,628
up €91,628 (+81.3%), from €112,752 to €204,380
of which Financial income: +€97,473
- Taxes -€35,041
down €35,041 (-80.4%), from -€43,567 to -€78,608
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.
Cash bridge derived
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 | €4,223,686 | €3,992,249 | -€231,438 | -5.5% |
| Fixed assets | 21/28 | €3,336,097 | €3,180,493 | -€155,604 | -4.7% |
| Intangible fixed assets | 21 | €3,273,654 | €3,147,495 | -€126,159 | -3.9% |
| Tangible fixed assets | 22/27 | €62,397 | €31,998 | -€30,399 | -48.7% |
| Plant, machinery and equipment | 23 | €38,177 | €22,962 | -€15,215 | -39.9% |
| Furniture and vehicles | 24 | €14,547 | €1,339 | -€13,208 | -90.8% |
| Other tangible fixed assets | 26 | €9,673 | €7,697 | -€1,976 | -20.4% |
| Financial fixed assets | 28 | €46 | €1,000 | +€954 | +2081.5% |
| Current assets | 29/58 | €887,589 | €811,756 | -€75,834 | -8.5% |
| Stocks and contracts in progress | 3 | €7,081 | €609 | -€6,472 | -91.4% |
| Stocks | 30/36 | €7,081 | €609 | -€6,472 | -91.4% |
| Amounts receivable within one year | 40/41 | €515,262 | €669,479 | +€154,217 | +29.9% |
| Trade receivables | 40 | €129,072 | €380,352 | +€251,279 | +194.7% |
| Other amounts receivable | 41 | €386,190 | €289,127 | -€97,062 | -25.1% |
| Cash at bank and in hand | 54/58 | €356,031 | €111,079 | -€244,951 | -68.8% |
| Deferred charges and accrued income | 490/1 | €9,216 | €30,588 | +€21,372 | +231.9% |
| Total equity and liabilities | 10/49 | €4,223,686 | €3,992,249 | -€231,438 | -5.5% |
| Equity | 10/15 | €2,916,129 | €1,959,889 | -€956,240 | -32.8% |
| Contributions | 10/11 | €6,353,460 | €6,353,460 | = | 0.0% |
| Capital | 10 | €6,353,460 | €6,353,460 | = | 0.0% |
| Issued capital | 100 | €6,365,710 | €6,365,710 | = | 0.0% |
| Uncalled capital | 101 | €12,250 | €12,250 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,700,812 | -€4,741,203 | -€1.0m | -28.1% |
| Investment grants | 15 | €263,481 | €347,631 | +€84,151 | +31.9% |
| Amounts payable | 17/49 | €1,307,557 | €2,032,360 | +€724,802 | +55.4% |
| Amounts payable after more than one year | 17 | €837,822 | €1,435,761 | +€597,939 | +71.4% |
| Financial debts | 170/4 | €837,822 | €1,435,761 | +€597,939 | +71.4% |
| Amounts payable within one year | 42/48 | €367,697 | €517,611 | +€149,913 | +40.8% |
| Current portion of amounts payable after more than one year | 42 | €126,130 | €196,496 | +€70,366 | +55.8% |
| Financial debts | 43 | - | €24,683 | +€24,683 | |
| Credit institutions | 430/8 | - | €24,683 | +€24,683 | |
| Trade debts | 44 | €154,328 | €197,383 | +€43,054 | +27.9% |
| Suppliers | 440/4 | €154,328 | €197,383 | +€43,054 | +27.9% |
| Taxes, remuneration and social security | 45 | €87,239 | €94,231 | +€6,992 | +8.0% |
| Taxes | 450/3 | €6,815 | €5,115 | -€1,700 | -24.9% |
| Remuneration and social security | 454/9 | €80,424 | €89,116 | +€8,692 | +10.8% |
| Other amounts payable | 47/48 | €0 | €4,819 | +€4,819 | |
| Accrued charges and deferred income | 492/3 | €102,038 | €78,988 | -€23,050 | -22.6% |
| Non-recurring operating income | 76A | €238 | €0 | -€238 | -100.0% |
| Remuneration, social security and pensions | 62 | €812,948 | €698,521 | -€114,427 | -14.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,028,232 | €1,237,124 | +€208,892 | +20.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €10,108 | €19,065 | +€8,957 | +88.6% |
| Other operating charges | 640/8 | €3,929 | €3,948 | +€19 | +0.5% |
| Non-recurring operating charges | 66A | €3,000 | €12,696 | +€9,696 | +323.2% |
| Gross operating margin | 9900 | €316,382 | €760,928 | +€444,546 | +140.5% |
| Operating profit (loss) | 9901 | -€1,541,834 | -€1,210,425 | +€331,409 | +21.5% |
| Financial income | 75/76B | €112,752 | €204,380 | +€91,628 | +81.3% |
| Recurring financial income | 75 | €106,906 | €204,380 | +€97,473 | +91.2% |
| Non-recurring financial income | 76B | €5,846 | €0 | -€5,846 | -100.0% |
| Financial charges | 65/66B | €80,377 | €112,953 | +€32,577 | +40.5% |
| Recurring financial charges | 65 | €74,531 | €112,953 | +€38,422 | +51.6% |
| Non-recurring financial charges | 66B | €5,846 | €0 | -€5,846 | -100.0% |
| Profit (loss) for the period before taxes | 9903 | -€1,509,459 | -€1,118,999 | +€390,460 | +25.9% |
| Income taxes | 67/77 | -€43,567 | -€78,608 | -€35,041 | -80.4% |
| Profit (loss) for the period | 9904 | -€1,465,892 | -€1,040,391 | +€425,501 | +29.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,465,892 | -€1,040,391 | +€425,501 | +29.0% |
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 9 October 2026 via checked.be.