SPIGAS: 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.
SPIGAS
Largest movements
- Tangible fixed assets +€9,189
up €9,189 (+45.8%), from €20,064 to €29,254
of which Other tangible fixed assets: +€13,782
- Receivables within one year +€2,443
up €2,443 (+17.2%), from €14,228 to €16,671
of which Trade receivables: +€9,984
- Cash +€2,001
up €2,001 (+6,385%), from €31 to €2,032
mainly Trade debts (+€12,923) and Depreciation (+€7,238)
- Deferred charges and accrued income +€1,000
new in 2025: €1,000
- Trade debts +€12,923
new in 2025: €12,923
- Debts after one year +€6,977
new in 2025: €6,977
- Tax, wage and social debts -€2,678
down €2,678 (-68.3%), from €3,920 to €1,242
- Profit (loss) carried forward -€2,119
new in 2025: -€2,119
- Current portion of long-term debt -€1,466
down €1,466 (-17.0%), from €8,622 to €7,156
- Gross operating margin -€14,239
down €14,239 (-64.2%), from €22,180 to €7,940
- Taxes -€2,505
no longer reported in 2025 (was €2,505)
- Depreciation +€1,373
up €1,373 (+23.4%), from €5,865 to €7,238
- Other operating charges -€704
down €704 (-37.6%), from €1,872 to €1,168
- Financial charges +€510
up €510 (+44.6%), from €1,143 to €1,653
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 | €51,809 | €66,457 | +€14,648 | +28.3% |
| Fixed assets | 21/28 | €23,064 | €32,254 | +€9,189 | +39.8% |
| Tangible fixed assets | 22/27 | €20,064 | €29,254 | +€9,189 | +45.8% |
| Plant, machinery and equipment | 23 | €19,812 | €15,321 | -€4,492 | -22.7% |
| Furniture and vehicles | 24 | €252 | €151 | -€101 | -40.0% |
| Other tangible fixed assets | 26 | - | €13,782 | +€13,782 | |
| Financial fixed assets | 28 | €3,000 | €3,000 | = | 0.0% |
| Current assets | 29/58 | €28,745 | €34,203 | +€5,458 | +19.0% |
| Stocks and contracts in progress | 3 | €14,486 | €14,500 | +€15 | +0.1% |
| Stocks | 30/36 | €14,486 | €14,500 | +€15 | +0.1% |
| Amounts receivable within one year | 40/41 | €14,228 | €16,671 | +€2,443 | +17.2% |
| Trade receivables | 40 | €2,251 | €12,235 | +€9,984 | +444% |
| Other amounts receivable | 41 | €11,977 | €4,436 | -€7,541 | -63.0% |
| Cash at bank and in hand | 54/58 | €31 | €2,032 | +€2,001 | +6,385% |
| Deferred charges and accrued income | 490/1 | - | €1,000 | +€1,000 | |
| Total equity and liabilities | 10/49 | €51,809 | €66,457 | +€14,648 | +28.3% |
| Equity | 10/15 | €34,508 | €32,390 | -€2,119 | -6.1% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €24,508 | €24,508 | = | 0.0% |
| Distributable reserves | 133 | €24,508 | €24,508 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€2,119 | -€2,119 | |
| Amounts payable | 17/49 | €17,301 | €34,068 | +€16,767 | +96.9% |
| Amounts payable after more than one year | 17 | - | €6,977 | +€6,977 | |
| Financial debts | 170/4 | - | €6,977 | +€6,977 | |
| Amounts payable within one year | 42/48 | €17,301 | €27,091 | +€9,790 | +56.6% |
| Current portion of amounts payable after more than one year | 42 | €8,622 | €7,156 | -€1,466 | -17.0% |
| Trade debts | 44 | - | €12,923 | +€12,923 | |
| Suppliers | 440/4 | - | €12,923 | +€12,923 | |
| Taxes, remuneration and social security | 45 | €3,920 | €1,242 | -€2,678 | -68.3% |
| Taxes | 450/3 | €3,920 | €1,242 | -€2,678 | -68.3% |
| Other amounts payable | 47/48 | €4,758 | €5,770 | +€1,012 | +21.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,865 | €7,238 | +€1,373 | +23.4% |
| Other operating charges | 640/8 | €1,872 | €1,168 | -€704 | -37.6% |
| Gross operating margin | 9900 | €22,180 | €7,940 | -€14,239 | -64.2% |
| Operating profit (loss) | 9901 | €14,443 | -€466 | -€14,909 | |
| Financial income | 75/76B | €0 | €0 | -€0 | -31.3% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -31.3% |
| Financial charges | 65/66B | €1,143 | €1,653 | +€510 | +44.6% |
| Recurring financial charges | 65 | €1,143 | €1,653 | +€510 | +44.6% |
| Profit (loss) for the period before taxes | 9903 | €13,300 | -€2,119 | -€15,419 | |
| Income taxes | 67/77 | €2,505 | - | -€2,505 | |
| Profit (loss) for the period | 9904 | €10,795 | -€2,119 | -€12,914 | |
| Profit (loss) for the period to be appropriated | 9905 | €10,795 | -€2,119 | -€12,914 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.