SPINAREA: 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.
SPINAREA
Largest movements
- Cash +€20,912
up €20,912 (+127.9%), from €16,349 to €37,262
mainly Other debts (+€40,587) and Depreciation (+€22,204)
- Tangible fixed assets -€14,911
down €14,911 (-26.4%), from €56,486 to €41,575
of which Furniture and vehicles: -€13,667
- Receivables within one year +€9,500
up €9,500 (+352.9%), from €2,692 to €12,192
of which Other amounts receivable: +€9,472
- Intangible fixed assets -€7,000
down €7,000 (-80.0%), from €8,750 to €1,750
- Other debts +€40,587
new in 2024: €40,587
- Profit (loss) carried forward -€19,096
down €19,096 (-81.7%), from €23,371 to €4,275
- Contributions +€12,400
up €12,400 (+200.0%), from €6,200 to €18,600
- Reserves -€11,906
down €11,906 (-55.2%), from €21,577 to €9,671
- Debts after one year -€8,059
down €8,059 (-39.5%), from €20,380 to €12,321
- Gross operating margin +€8,910
up €8,910 (+33.9%), from €26,303 to €35,214
- Taxes +€1,681
up €1,681 (+122.8%), from €1,369 to €3,050
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €85,494 | €93,843 | +€8,349 | +9.8% |
| Fixed assets | 21/28 | €65,236 | €43,325 | -€21,911 | -33.6% |
| Intangible fixed assets | 21 | €8,750 | €1,750 | -€7,000 | -80.0% |
| Tangible fixed assets | 22/27 | €56,486 | €41,575 | -€14,911 | -26.4% |
| Plant, machinery and equipment | 23 | €6,060 | €4,815 | -€1,245 | -20.5% |
| Furniture and vehicles | 24 | €50,426 | €36,760 | -€13,667 | -27.1% |
| Current assets | 29/58 | €20,258 | €50,518 | +€30,260 | +149.4% |
| Amounts receivable within one year | 40/41 | €2,692 | €12,192 | +€9,500 | +352.9% |
| Trade receivables | 40 | - | €28 | +€28 | |
| Other amounts receivable | 41 | €2,692 | €12,164 | +€9,472 | +351.9% |
| Cash at bank and in hand | 54/58 | €16,349 | €37,262 | +€20,912 | +127.9% |
| Deferred charges and accrued income | 490/1 | €1,217 | €1,064 | -€153 | -12.5% |
| Total equity and liabilities | 10/49 | €85,494 | €93,843 | +€8,349 | +9.8% |
| Equity | 10/15 | €51,148 | €32,546 | -€18,602 | -36.4% |
| Contributions | 10/11 | €6,200 | €18,600 | +€12,400 | +200.0% |
| Reserves | 13 | €21,577 | €9,671 | -€11,906 | -55.2% |
| Distributable reserves | 133 | €21,577 | €9,671 | -€11,906 | -55.2% |
| Profit (loss) carried forward | 14 | €23,371 | €4,275 | -€19,096 | -81.7% |
| Amounts payable | 17/49 | €34,346 | €61,297 | +€26,951 | +78.5% |
| Amounts payable after more than one year | 17 | €20,380 | €12,321 | -€8,059 | -39.5% |
| Financial debts | 170/4 | €20,380 | €12,321 | -€8,059 | -39.5% |
| Amounts payable within one year | 42/48 | €13,966 | €48,977 | +€35,010 | +250.7% |
| Current portion of amounts payable after more than one year | 42 | €7,938 | €7,938 | = | 0.0% |
| Trade debts | 44 | €3,089 | €452 | -€2,637 | -85.4% |
| Suppliers | 440/4 | €3,089 | €452 | -€2,637 | -85.4% |
| Taxes, remuneration and social security | 45 | €2,940 | - | -€2,940 | |
| Taxes | 450/3 | €1,440 | - | -€1,440 | |
| Remuneration and social security | 454/9 | €1,500 | - | -€1,500 | |
| Other amounts payable | 47/48 | - | €40,587 | +€40,587 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,274 | €22,204 | -€70 | -0.3% |
| Other operating charges | 640/8 | €126 | €279 | +€153 | +121.6% |
| Gross operating margin | 9900 | €26,303 | €35,214 | +€8,910 | +33.9% |
| Operating profit (loss) | 9901 | €3,903 | €12,730 | +€8,827 | +226.1% |
| Financial income | 75/76B | €14 | €349 | +€335 | +2443.1% |
| Recurring financial income | 75 | €14 | €349 | +€335 | +2443.1% |
| Financial charges | 65/66B | €624 | €444 | -€180 | -28.8% |
| Recurring financial charges | 65 | €624 | €444 | -€180 | -28.8% |
| Profit (loss) for the period before taxes | 9903 | €3,293 | €12,635 | +€9,342 | +283.7% |
| Income taxes | 67/77 | €1,369 | €3,050 | +€1,681 | +122.8% |
| Profit (loss) for the period | 9904 | €1,924 | €9,585 | +€7,661 | +398.2% |
| Profit (loss) for the period to be appropriated | 9905 | €1,924 | €9,585 | +€7,661 | +398.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.