Spin42: 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.
Spin42
Largest movements
- Receivables within one year +€53,723
up €53,723 (+392.2%), from €13,699 to €67,422
of which Trade receivables: +€59,877
- Tangible fixed assets -€21,783
down €21,783 (-58.9%), from €36,985 to €15,202
of which Furniture and vehicles: -€20,703
- Cash -€18,754
down €18,754 (-16.9%), from €111,010 to €92,256
mainly Contributions, distributions and other (-€151,000) and Receivables within one year (-€53,723)
- Intangible fixed assets -€5,950
down €5,950 (-23.8%), from €25,008 to €19,059
- Profit (loss) carried forward -€123,704
down €123,704 (-99.6%), from €124,200 to €496
- Other debts +€119,615
new in 2025: €119,615
- Tax, wage and social debts +€33,838
up €33,838 (+393.3%), from €8,603 to €42,441
- Debts after one year -€14,085
down €14,085 (-61.7%), from €22,831 to €8,746
- Current portion of long-term debt -€5,332
down €5,332 (-27.5%), from €19,417 to €14,085
- Gross operating margin +€41,919
up €41,919 (+142.5%), from €29,418 to €71,337
- Taxes +€12,471
up €12,471 (+670.6%), from €1,860 to €14,330
- Depreciation -€8,747
down €8,747 (-24.0%), from €36,479 to €27,732
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 | €201,850 | €207,992 | +€6,142 | +3.0% |
| Fixed assets | 21/28 | €71,227 | €43,495 | -€27,732 | -38.9% |
| Intangible fixed assets | 21 | €25,008 | €19,059 | -€5,950 | -23.8% |
| Tangible fixed assets | 22/27 | €36,985 | €15,202 | -€21,783 | -58.9% |
| Plant, machinery and equipment | 23 | €2,179 | €1,328 | -€851 | -39.1% |
| Furniture and vehicles | 24 | €34,166 | €13,463 | -€20,703 | -60.6% |
| Other tangible fixed assets | 26 | €640 | €412 | -€228 | -35.7% |
| Financial fixed assets | 28 | €9,234 | €9,234 | = | 0.0% |
| Current assets | 29/58 | €130,622 | €164,497 | +€33,874 | +25.9% |
| Amounts receivable within one year | 40/41 | €13,699 | €67,422 | +€53,723 | +392.2% |
| Trade receivables | 40 | €1,676 | €61,553 | +€59,877 | +3573.1% |
| Other amounts receivable | 41 | €12,023 | €5,869 | -€6,154 | -51.2% |
| Cash at bank and in hand | 54/58 | €111,010 | €92,256 | -€18,754 | -16.9% |
| Deferred charges and accrued income | 490/1 | €5,913 | €4,819 | -€1,094 | -18.5% |
| Total equity and liabilities | 10/49 | €201,850 | €207,992 | +€6,142 | +3.0% |
| Equity | 10/15 | €144,660 | €20,956 | -€123,704 | -85.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €124,200 | €496 | -€123,704 | -99.6% |
| Amounts payable | 17/49 | €57,189 | €187,036 | +€129,846 | +227.0% |
| Amounts payable after more than one year | 17 | €22,831 | €8,746 | -€14,085 | -61.7% |
| Financial debts | 170/4 | €22,831 | €8,746 | -€14,085 | -61.7% |
| Amounts payable within one year | 42/48 | €33,558 | €177,490 | +€143,931 | +428.9% |
| Current portion of amounts payable after more than one year | 42 | €19,417 | €14,085 | -€5,332 | -27.5% |
| Trade debts | 44 | €5,539 | €1,349 | -€4,190 | -75.6% |
| Suppliers | 440/4 | €5,539 | €1,349 | -€4,190 | -75.6% |
| Taxes, remuneration and social security | 45 | €8,603 | €42,441 | +€33,838 | +393.3% |
| Taxes | 450/3 | €8,603 | €42,441 | +€33,838 | +393.3% |
| Other amounts payable | 47/48 | - | €119,615 | +€119,615 | |
| Accrued charges and deferred income | 492/3 | €800 | €800 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,479 | €27,732 | -€8,747 | -24.0% |
| Other operating charges | 640/8 | €1,058 | €1,094 | +€36 | +3.4% |
| Gross operating margin | 9900 | €29,418 | €71,337 | +€41,919 | +142.5% |
| Operating profit (loss) | 9901 | -€8,119 | €42,511 | +€50,630 | |
| Financial income | 75/76B | €431 | €472 | +€41 | +9.5% |
| Recurring financial income | 75 | €431 | €472 | +€41 | +9.5% |
| Financial charges | 65/66B | €1,926 | €1,357 | -€569 | -29.5% |
| Recurring financial charges | 65 | €1,926 | €1,357 | -€569 | -29.5% |
| Profit (loss) for the period before taxes | 9903 | -€9,614 | €41,626 | +€51,240 | |
| Income taxes | 67/77 | €1,860 | €14,330 | +€12,471 | +670.6% |
| Profit (loss) for the period | 9904 | -€11,473 | €27,296 | +€38,769 | |
| Profit (loss) for the period to be appropriated | 9905 | -€11,473 | €27,296 | +€38,769 |
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.