SPINDLE: 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.
SPINDLE
Largest movements
- Receivables within one year -€21,990
down €21,990 (-46.7%), from €47,043 to €25,053
of which Trade receivables: -€25,249
- Cash +€21,756
up €21,756 (+93.6%), from €23,237 to €44,993
mainly Receivables within one year (+€21,990) and Trade debts (+€9,449)
- Debts after one year -€10,266
down €10,266 (-32.7%), from €31,421 to €21,155
- Trade debts +€9,449
up €9,449 (+906.8%), from €1,042 to €10,491
- Tax, wage and social debts -€4,536
down €4,536 (-59.9%), from €7,567 to €3,031
- Reserves +€3,694
up €3,694 (+3.4%), from €107,776 to €111,470
of which Distributable reserves: +€3,694
- Gross operating margin +€19,507
up €19,507, from -€7,325 to €12,182
- Depreciation +€419
up €419 (+8.8%), from €4,736 to €5,155
- Financial charges -€248
down €248 (-10.9%), from €2,265 to €2,017
- Financial income -€177
down €177 (-69.4%), from €255 to €78
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 | €178,435 | €177,236 | -€1,199 | -0.7% |
| Fixed assets | 21/28 | €108,155 | €107,190 | -€965 | -0.9% |
| Tangible fixed assets | 22/27 | €108,155 | €107,190 | -€965 | -0.9% |
| Land and buildings | 22 | €108,155 | €107,190 | -€965 | -0.9% |
| Current assets | 29/58 | €70,280 | €70,046 | -€234 | -0.3% |
| Amounts receivable within one year | 40/41 | €47,043 | €25,053 | -€21,990 | -46.7% |
| Trade receivables | 40 | €36,495 | €11,246 | -€25,249 | -69.2% |
| Other amounts receivable | 41 | €10,548 | €13,807 | +€3,259 | +30.9% |
| Cash at bank and in hand | 54/58 | €23,237 | €44,993 | +€21,756 | +93.6% |
| Total equity and liabilities | 10/49 | €178,435 | €177,236 | -€1,199 | -0.7% |
| Equity | 10/15 | €127,776 | €131,470 | +€3,694 | +2.9% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €107,776 | €111,470 | +€3,694 | +3.4% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €37,500 | €37,500 | = | 0.0% |
| Distributable reserves | 133 | €68,276 | €71,970 | +€3,694 | +5.4% |
| Amounts payable | 17/49 | €50,659 | €45,766 | -€4,893 | -9.7% |
| Amounts payable after more than one year | 17 | €31,421 | €21,155 | -€10,266 | -32.7% |
| Financial debts | 170/4 | €31,421 | €21,155 | -€10,266 | -32.7% |
| Amounts payable within one year | 42/48 | €18,876 | €23,789 | +€4,913 | +26.0% |
| Current portion of amounts payable after more than one year | 42 | €10,267 | €10,267 | = | 0.0% |
| Trade debts | 44 | €1,042 | €10,491 | +€9,449 | +906.8% |
| Suppliers | 440/4 | €1,042 | €10,491 | +€9,449 | +906.8% |
| Taxes, remuneration and social security | 45 | €7,567 | €3,031 | -€4,536 | -59.9% |
| Taxes | 450/3 | €7,567 | €3,031 | -€4,536 | -59.9% |
| Accrued charges and deferred income | 492/3 | €362 | €822 | +€460 | +127.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,736 | €5,155 | +€419 | +8.8% |
| Other operating charges | 640/8 | €1,353 | €1,394 | +€41 | +3.0% |
| Gross operating margin | 9900 | -€7,325 | €12,182 | +€19,507 | |
| Operating profit (loss) | 9901 | -€13,414 | €5,633 | +€19,047 | |
| Financial income | 75/76B | €255 | €78 | -€177 | -69.4% |
| Recurring financial income | 75 | €255 | €78 | -€177 | -69.4% |
| Financial charges | 65/66B | €2,265 | €2,017 | -€248 | -10.9% |
| Recurring financial charges | 65 | €2,265 | €2,017 | -€248 | -10.9% |
| Profit (loss) for the period before taxes | 9903 | -€15,424 | €3,694 | +€19,118 | |
| Income taxes | 67/77 | €0 | €0 | = | |
| Profit (loss) for the period | 9904 | -€15,424 | €3,694 | +€19,118 | |
| Profit (loss) for the period to be appropriated | 9905 | -€15,424 | €3,694 | +€19,118 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.