Spiaggia: 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.
Spiaggia
Largest movements
- Receivables after one year -€60,000
down €60,000 (-100.0%), from €60,000 to €0
- Receivables within one year +€47,453
up €47,453 (+55.2%), from €85,960 to €133,413
of which Trade receivables: +€117,100
- Tangible fixed assets -€22,724
down €22,724 (-2.8%), from €806,396 to €783,672
of which Land and buildings: -€19,182
- Cash -€13,535
down €13,535 (-63.1%), from €21,435 to €7,900
mainly Contributions, distributions and other (-€70,868) and Receivables within one year (-€47,453)
- Other debts -€31,778
down €31,778 (-38.6%), from €82,353 to €50,575
- Debts after one year -€29,045
down €29,045 (-3.8%), from €764,935 to €735,890
- Tax, wage and social debts +€21,903
up €21,903 (+533.9%), from €4,102 to €26,006
- Reserves -€12,690
down €12,690 (-17.9%), from €70,868 to €58,178
- Gross operating margin +€144,983
up €144,983, from -€11,448 to €133,535
- Financial charges +€22,381
up €22,381 (+278.5%), from €8,035 to €30,416
- Taxes +€15,022
up €15,022 (+6357.8%), from €236 to €15,258
- Financial income -€4,896
down €4,896 (-95.9%), from €5,107 to €210
- Depreciation +€1,644
up €1,644 (+6.1%), from €27,025 to €28,669
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 | €979,400 | €927,209 | -€52,190 | -5.3% |
| Fixed assets | 21/28 | €806,396 | €783,672 | -€22,724 | -2.8% |
| Tangible fixed assets | 22/27 | €806,396 | €783,672 | -€22,724 | -2.8% |
| Land and buildings | 22 | €768,819 | €749,637 | -€19,182 | -2.5% |
| Furniture and vehicles | 24 | €33,388 | €28,638 | -€4,750 | -14.2% |
| Other tangible fixed assets | 26 | €4,190 | €5,398 | +€1,208 | +28.8% |
| Current assets | 29/58 | €173,004 | €143,538 | -€29,466 | -17.0% |
| Amounts receivable after more than one year | 29 | €60,000 | €0 | -€60,000 | -100.0% |
| Other amounts receivable | 291 | €60,000 | €0 | -€60,000 | -100.0% |
| Amounts receivable within one year | 40/41 | €85,960 | €133,413 | +€47,453 | +55.2% |
| Trade receivables | 40 | €10,000 | €127,100 | +€117,100 | +1171.0% |
| Other amounts receivable | 41 | €75,960 | €6,313 | -€69,647 | -91.7% |
| Cash at bank and in hand | 54/58 | €21,435 | €7,900 | -€13,535 | -63.1% |
| Deferred charges and accrued income | 490/1 | €5,610 | €2,225 | -€3,384 | -60.3% |
| Total equity and liabilities | 10/49 | €979,400 | €927,209 | -€52,190 | -5.3% |
| Equity | 10/15 | €73,868 | €61,178 | -€12,690 | -17.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €70,868 | €58,178 | -€12,690 | -17.9% |
| Distributable reserves | 133 | €70,868 | €58,178 | -€12,690 | -17.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €905,532 | €866,032 | -€39,500 | -4.4% |
| Amounts payable after more than one year | 17 | €764,935 | €735,890 | -€29,045 | -3.8% |
| Financial debts | 170/4 | €764,935 | €735,890 | -€29,045 | -3.8% |
| Amounts payable within one year | 42/48 | €140,597 | €128,642 | -€11,955 | -8.5% |
| Current portion of amounts payable after more than one year | 42 | €28,065 | €29,045 | +€980 | +3.5% |
| Financial debts | 43 | €1,913 | €5,780 | +€3,867 | +202.2% |
| Credit institutions | 430/8 | - | €4,518 | +€4,518 | |
| Other loans | 439 | €1,913 | €1,262 | -€651 | -34.0% |
| Trade debts | 44 | €24,163 | €17,236 | -€6,927 | -28.7% |
| Suppliers | 440/4 | €24,163 | €17,236 | -€6,927 | -28.7% |
| Taxes, remuneration and social security | 45 | €4,102 | €26,006 | +€21,903 | +533.9% |
| Taxes | 450/3 | €4,102 | €26,006 | +€21,903 | +533.9% |
| Other amounts payable | 47/48 | €82,353 | €50,575 | -€31,778 | -38.6% |
| Accrued charges and deferred income | 492/3 | - | €1,500 | +€1,500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,025 | €28,669 | +€1,644 | +6.1% |
| Other operating charges | 640/8 | €1,189 | €1,225 | +€36 | +3.0% |
| Gross operating margin | 9900 | -€11,448 | €133,535 | +€144,983 | |
| Operating profit (loss) | 9901 | -€39,662 | €103,642 | +€143,304 | |
| Financial income | 75/76B | €5,107 | €210 | -€4,896 | -95.9% |
| Recurring financial income | 75 | €5,107 | €210 | -€4,896 | -95.9% |
| Financial charges | 65/66B | €8,035 | €30,416 | +€22,381 | +278.5% |
| Recurring financial charges | 65 | €8,035 | €30,416 | +€22,381 | +278.5% |
| Profit (loss) for the period before taxes | 9903 | -€42,591 | €73,435 | +€116,026 | |
| Income taxes | 67/77 | €236 | €15,258 | +€15,022 | +6357.8% |
| Profit (loss) for the period | 9904 | -€42,827 | €58,178 | +€101,005 | |
| Profit (loss) for the period to be appropriated | 9905 | -€42,827 | €58,178 | +€101,005 |
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 11 October 2026 via checked.be.