SPINAXIS BELGIUM: 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.
SPINAXIS BELGIUM
Largest movements
- Receivables within one year +€48,531
up €48,531 (+140%), from €34,582 to €83,112
of which Trade receivables: +€49,450
- Cash -€18,477
down €18,477 (-51.2%), from €36,083 to €17,607
mainly Receivables within one year (-€48,531) and Contributions, distributions and other (-€30,000)
- Other debts +€30,000
new in 2025: €30,000
- Tax, wage and social debts +€9,180
up €9,180 (+414%), from €2,220 to €11,400
- Trade debts -€5,711
down €5,711 (-24.1%), from €23,662 to €17,951
- Profit (loss) carried forward -€3,415
down €3,415 (-9.8%), from €34,783 to €31,368
- Gross operating margin +€29,334
up €29,334 (+305%), from €9,607 to €38,941
- Taxes +€9,173
up €9,173 (+413%), from €2,220 to €11,393
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 | €70,665 | €100,719 | +€30,054 | +42.5% |
| Current assets | 29/58 | €70,665 | €100,719 | +€30,054 | +42.5% |
| Amounts receivable within one year | 40/41 | €34,582 | €83,112 | +€48,531 | +140% |
| Trade receivables | 40 | €33,054 | €82,504 | +€49,450 | +150% |
| Other amounts receivable | 41 | €1,528 | €609 | -€919 | -60.2% |
| Cash at bank and in hand | 54/58 | €36,083 | €17,607 | -€18,477 | -51.2% |
| Total equity and liabilities | 10/49 | €70,665 | €100,719 | +€30,054 | +42.5% |
| Equity | 10/15 | €44,783 | €41,368 | -€3,415 | -7.6% |
| Contributions | 10/11 | €8,000 | €8,000 | = | 0.0% |
| Reserves | 13 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €34,783 | €31,368 | -€3,415 | -9.8% |
| Amounts payable | 17/49 | €25,882 | €59,351 | +€33,469 | +129% |
| Amounts payable within one year | 42/48 | €25,882 | €59,351 | +€33,469 | +129% |
| Trade debts | 44 | €23,662 | €17,951 | -€5,711 | -24.1% |
| Suppliers | 440/4 | €23,662 | €17,951 | -€5,711 | -24.1% |
| Taxes, remuneration and social security | 45 | €2,220 | €11,400 | +€9,180 | +414% |
| Taxes | 450/3 | €2,220 | €11,400 | +€9,180 | +414% |
| Other amounts payable | 47/48 | - | €30,000 | +€30,000 | |
| Other operating charges | 640/8 | €888 | €895 | +€7 | +0.8% |
| Gross operating margin | 9900 | €9,607 | €38,941 | +€29,334 | +305% |
| Operating profit (loss) | 9901 | €8,719 | €38,046 | +€29,327 | +336% |
| Financial income | 75/76B | - | €13 | +€13 | |
| Recurring financial income | 75 | - | €13 | +€13 | |
| Financial charges | 65/66B | €45 | €81 | +€36 | +80.7% |
| Recurring financial charges | 65 | €45 | €81 | +€36 | +80.7% |
| Profit (loss) for the period before taxes | 9903 | €8,674 | €37,978 | +€29,304 | +338% |
| Income taxes | 67/77 | €2,220 | €11,393 | +€9,173 | +413% |
| Profit (loss) for the period | 9904 | €6,454 | €26,585 | +€20,131 | +312% |
| Profit (loss) for the period to be appropriated | 9905 | €6,454 | €26,585 | +€20,131 | +312% |
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 20 October 2026 via checked.be.