SPIC & SPAN: what changed
Two fiscal 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.
SPIC & SPAN
Largest movements
- Tangible fixed assets -€117,650
down €117,650 (-55.0%), from €213,794 to €96,144
of which Furniture and vehicles: -€81,731
- Receivables within one year +€79,579
up €79,579 (+14.3%), from €557,687 to €637,266
of which Trade receivables: +€63,435
- Reserves +€63,389
up €63,389 (+11.7%), from €542,812 to €606,200
of which Distributable reserves: +€65,249
- Trade debts -€43,148
down €43,148 (-22.9%), from €188,050 to €144,902
- Debts after one year -€31,222
down €31,222 (-86.7%), from €36,008 to €4,786
- Tax, wage and social debts -€27,470
down €27,470 (-26.2%), from €105,001 to €77,531
of which Taxes: -€27,364
- Current portion of long-term debt -€18,011
down €18,011 (-23.8%), from €75,695 to €57,684
- Gross operating margin -€90,410
down €90,410 (-14.6%), from €620,840 to €530,430
- Staff costs -€61,047
down €61,047 (-12.7%), from €482,069 to €421,022
- Write-downs +€52,837
up €52,837, from -€52,837 to €0
- Other operating charges -€51,417
down €51,417 (-91.4%), from €56,259 to €4,842
- Depreciation -€16,170
down €16,170 (-28.2%), from €57,359 to €41,189
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 | €966,165 | €909,704 | -€56,462 | -5.8% |
| Fixed assets | 21/28 | €213,794 | €96,144 | -€117,650 | -55.0% |
| Tangible fixed assets | 22/27 | €213,794 | €96,144 | -€117,650 | -55.0% |
| Plant, machinery and equipment | 23 | €84,721 | €59,124 | -€25,597 | -30.2% |
| Furniture and vehicles | 24 | €100,975 | €19,244 | -€81,731 | -80.9% |
| Other tangible fixed assets | 26 | €28,098 | €17,776 | -€10,322 | -36.7% |
| Current assets | 29/58 | €752,371 | €813,560 | +€61,188 | +8.1% |
| Stocks and contracts in progress | 3 | €36,983 | €36,983 | = | 0.0% |
| Stocks | 30/36 | €36,983 | €36,983 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €557,687 | €637,266 | +€79,579 | +14.3% |
| Trade receivables | 40 | €83,748 | €147,183 | +€63,435 | +75.7% |
| Other amounts receivable | 41 | €473,939 | €490,083 | +€16,144 | +3.4% |
| Cash at bank and in hand | 54/58 | €148,442 | €138,906 | -€9,536 | -6.4% |
| Deferred charges and accrued income | 490/1 | €9,259 | €405 | -€8,855 | -95.6% |
| Total equity and liabilities | 10/49 | €966,165 | €909,704 | -€56,462 | -5.8% |
| Equity | 10/15 | €561,412 | €624,800 | +€63,389 | +11.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €542,812 | €606,200 | +€63,389 | +11.7% |
| Non-distributable reserves | 130/1 | €1,860 | €0 | -€1,860 | -100.0% |
| Reserves not available under the articles | 1311 | €1,860 | €0 | -€1,860 | -100.0% |
| Distributable reserves | 133 | €540,952 | €606,200 | +€65,249 | +12.1% |
| Amounts payable | 17/49 | €404,753 | €284,903 | -€119,850 | -29.6% |
| Amounts payable after more than one year | 17 | €36,008 | €4,786 | -€31,222 | -86.7% |
| Financial debts | 170/4 | €36,008 | €4,786 | -€31,222 | -86.7% |
| Amounts payable within one year | 42/48 | €368,746 | €280,117 | -€88,628 | -24.0% |
| Current portion of amounts payable after more than one year | 42 | €75,695 | €57,684 | -€18,011 | -23.8% |
| Trade debts | 44 | €188,050 | €144,902 | -€43,148 | -22.9% |
| Suppliers | 440/4 | €188,050 | €144,902 | -€43,148 | -22.9% |
| Taxes, remuneration and social security | 45 | €105,001 | €77,531 | -€27,470 | -26.2% |
| Taxes | 450/3 | €53,381 | €26,018 | -€27,364 | -51.3% |
| Remuneration and social security | 454/9 | €51,620 | €51,514 | -€106 | -0.2% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €482,069 | €421,022 | -€61,047 | -12.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €57,359 | €41,189 | -€16,170 | -28.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€52,837 | €0 | +€52,837 | |
| Other operating charges | 640/8 | €56,259 | €4,842 | -€51,417 | -91.4% |
| Non-recurring operating charges | 66A | - | €92 | +€92 | |
| Gross operating margin | 9900 | €620,840 | €530,430 | -€90,410 | -14.6% |
| Operating profit (loss) | 9901 | €77,989 | €63,285 | -€14,705 | -18.9% |
| Financial income | 75/76B | €10,253 | €11,394 | +€1,141 | +11.1% |
| Recurring financial income | 75 | €10,253 | €11,394 | +€1,141 | +11.1% |
| Financial charges | 65/66B | €13,520 | €11,290 | -€2,230 | -16.5% |
| Recurring financial charges | 65 | €13,520 | €11,290 | -€2,230 | -16.5% |
| Profit (loss) for the period before taxes | 9903 | €74,723 | €63,389 | -€11,334 | -15.2% |
| Income taxes | 67/77 | €471 | €0 | -€471 | -100.0% |
| Profit (loss) for the period | 9904 | €74,251 | €63,389 | -€10,863 | -14.6% |
| Profit (loss) for the period to be appropriated | 9905 | €74,251 | €63,389 | -€10,863 | -14.6% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.