SPINA CURA: 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.
SPINA CURA
Largest movements
- Cash +€37,063
up €37,063 (+68.4%), from €54,180 to €91,244
mainly Net result for the year (+€28,401) and Tax, wage and social debts (+€8,322)
- Tangible fixed assets +€4,914
up €4,914 (+27.7%), from €17,741 to €22,654
of which Land and buildings: +€7,269
- Reserves +€28,401
up €28,401 (+86.2%), from €32,967 to €61,368
- Tax, wage and social debts +€8,322
up €8,322 (+131%), from €6,358 to €14,680
- Other debts +€4,130
up €4,130 (+14.4%), from €28,760 to €32,890
- Gross operating margin +€9,681
up €9,681 (+26.5%), from €36,486 to €46,167
- Financial charges +€2,047
up €2,047 (+1,270%), from €161 to €2,208
- Taxes +€2,012
up €2,012 (+35.3%), from €5,705 to €7,717
- Other operating charges -€1,368
down €1,368 (-49.5%), from €2,763 to €1,395
- Depreciation +€1,018
up €1,018 (+18.7%), from €5,428 to €6,445
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 | €72,192 | €113,898 | +€41,706 | +57.8% |
| Fixed assets | 21/28 | €17,741 | €22,654 | +€4,914 | +27.7% |
| Tangible fixed assets | 22/27 | €17,741 | €22,654 | +€4,914 | +27.7% |
| Land and buildings | 22 | €5,154 | €12,423 | +€7,269 | +141% |
| Plant, machinery and equipment | 23 | €12,587 | €10,232 | -€2,355 | -18.7% |
| Current assets | 29/58 | €54,451 | €91,244 | +€36,792 | +67.6% |
| Cash at bank and in hand | 54/58 | €54,180 | €91,244 | +€37,063 | +68.4% |
| Deferred charges and accrued income | 490/1 | €271 | €0 | -€271 | -100% |
| Total equity and liabilities | 10/49 | €72,192 | €113,898 | +€41,706 | +57.8% |
| Equity | 10/15 | €34,467 | €62,868 | +€28,401 | +82.4% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €32,967 | €61,368 | +€28,401 | +86.2% |
| Distributable reserves | 133 | €32,967 | €61,368 | +€28,401 | +86.2% |
| Amounts payable | 17/49 | €37,725 | €51,030 | +€13,305 | +35.3% |
| Amounts payable within one year | 42/48 | €37,725 | €51,030 | +€13,305 | +35.3% |
| Trade debts | 44 | €2,607 | €3,459 | +€852 | +32.7% |
| Suppliers | 440/4 | €2,607 | €3,459 | +€852 | +32.7% |
| Taxes, remuneration and social security | 45 | €6,358 | €14,680 | +€8,322 | +131% |
| Taxes | 450/3 | €6,358 | €14,680 | +€8,322 | +131% |
| Other amounts payable | 47/48 | €28,760 | €32,890 | +€4,130 | +14.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,428 | €6,445 | +€1,018 | +18.7% |
| Other operating charges | 640/8 | €2,763 | €1,395 | -€1,368 | -49.5% |
| Gross operating margin | 9900 | €36,486 | €46,167 | +€9,681 | +26.5% |
| Operating profit (loss) | 9901 | €28,296 | €38,326 | +€10,031 | +35.4% |
| Financial charges | 65/66B | €161 | €2,208 | +€2,047 | +1,270% |
| Recurring financial charges | 65 | €161 | €2,208 | +€2,047 | +1,270% |
| Profit (loss) for the period before taxes | 9903 | €28,134 | €36,118 | +€7,984 | +28.4% |
| Income taxes | 67/77 | €5,705 | €7,717 | +€2,012 | +35.3% |
| Profit (loss) for the period | 9904 | €22,430 | €28,401 | +€5,972 | +26.6% |
| Profit (loss) for the period to be appropriated | 9905 | €22,430 | €28,401 | +€5,972 | +26.6% |
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 26 October 2026 via checked.be.