SPINEDOC: 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.
SPINEDOC
Largest movements
- Receivables within one year +€169,297
up €169,297 (+86.1%), from €196,722 to €366,019
of which Other amounts receivable: +€270,502
- Receivables after one year -€160,000
down €160,000 (-100%), from €160,000 to €0
- Deferred charges and accrued income +€133,553
up €133,553 (+713%), from €18,739 to €152,292
- Cash +€114,034
new in 2025: €114,034
mainly Other debts (+€360,478) and Net result for the year (+€320,250)
- Tangible fixed assets +€10,756
up €10,756 (+5.2%), from €206,732 to €217,488
of which Furniture and vehicles: +€18,809
- Other debts +€360,478
up €360,478, from €0 to €360,478
- Tax, wage and social debts +€46,590
up €46,590, from €0 to €46,590
- Reserves -€40,227
down €40,227 (-10.6%), from €379,132 to €338,905
of which Distributable reserves: -€40,227
- Current portion of long-term debt -€31,853
down €31,853 (-57.3%), from €55,570 to €23,717
- Accrued charges and deferred income -€30,505
down €30,505 (-99.6%), from €30,642 to €138
- Gross operating margin +€175,009
up €175,009 (+58.8%), from €297,712 to €472,720
- Taxes +€56,887
up €56,887 (+104%), from €54,703 to €111,590
- Financial income +€12,634
up €12,634 (+2,702%), from €468 to €13,101
- Financial charges -€6,299
down €6,299 (-32.7%), from €19,244 to €12,945
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 | €583,978 | €851,617 | +€267,639 | +45.8% |
| Fixed assets | 21/28 | €208,517 | €219,273 | +€10,756 | +5.2% |
| Tangible fixed assets | 22/27 | €206,732 | €217,488 | +€10,756 | +5.2% |
| Land and buildings | 22 | €142,411 | €134,769 | -€7,642 | -5.4% |
| Plant, machinery and equipment | 23 | €842 | €2,332 | +€1,490 | +177% |
| Furniture and vehicles | 24 | €61,578 | €80,387 | +€18,809 | +30.5% |
| Other tangible fixed assets | 26 | €1,901 | €0 | -€1,901 | -100% |
| Financial fixed assets | 28 | €1,785 | €1,785 | = | 0.0% |
| Current assets | 29/58 | €375,461 | €632,344 | +€256,883 | +68.4% |
| Amounts receivable after more than one year | 29 | €160,000 | €0 | -€160,000 | -100% |
| Other amounts receivable | 291 | €160,000 | €0 | -€160,000 | -100% |
| Amounts receivable within one year | 40/41 | €196,722 | €366,019 | +€169,297 | +86.1% |
| Trade receivables | 40 | €101,205 | €0 | -€101,205 | -100% |
| Other amounts receivable | 41 | €95,517 | €366,019 | +€270,502 | +283% |
| Cash at bank and in hand | 54/58 | - | €114,034 | +€114,034 | |
| Deferred charges and accrued income | 490/1 | €18,739 | €152,292 | +€133,553 | +713% |
| Total equity and liabilities | 10/49 | €583,978 | €851,617 | +€267,639 | +45.8% |
| Equity | 10/15 | €397,732 | €357,505 | -€40,227 | -10.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €379,132 | €338,905 | -€40,227 | -10.6% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €4,836 | €4,836 | = | 0.0% |
| Distributable reserves | 133 | €372,436 | €332,209 | -€40,227 | -10.8% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €186,245 | €494,112 | +€307,867 | +165% |
| Amounts payable after more than one year | 17 | €65,261 | €49,971 | -€15,290 | -23.4% |
| Financial debts | 170/4 | €65,261 | €49,971 | -€15,290 | -23.4% |
| Amounts payable within one year | 42/48 | €90,342 | €444,003 | +€353,662 | +391% |
| Current portion of amounts payable after more than one year | 42 | €55,570 | €23,717 | -€31,853 | -57.3% |
| Financial debts | 43 | €28,605 | €0 | -€28,605 | -100% |
| Credit institutions | 430/8 | €28,605 | €0 | -€28,605 | -100% |
| Trade debts | 44 | €6,166 | €13,219 | +€7,053 | +114% |
| Suppliers | 440/4 | €6,166 | €13,219 | +€7,053 | +114% |
| Taxes, remuneration and social security | 45 | €0 | €46,590 | +€46,590 | |
| Taxes | 450/3 | €0 | €46,590 | +€46,590 | |
| Other amounts payable | 47/48 | €0 | €360,478 | +€360,478 | |
| Accrued charges and deferred income | 492/3 | €30,642 | €138 | -€30,505 | -99.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,337 | €32,120 | +€2,783 | +9.5% |
| Other operating charges | 640/8 | €1,071 | €2,919 | +€1,848 | +173% |
| Non-recurring operating charges | 66A | - | €5,998 | +€5,998 | |
| Gross operating margin | 9900 | €297,712 | €472,720 | +€175,009 | +58.8% |
| Operating profit (loss) | 9901 | €267,304 | €431,684 | +€164,380 | +61.5% |
| Financial income | 75/76B | €468 | €13,101 | +€12,634 | +2,702% |
| Recurring financial income | 75 | €468 | €13,101 | +€12,634 | +2,702% |
| Financial charges | 65/66B | €19,244 | €12,945 | -€6,299 | -32.7% |
| Recurring financial charges | 65 | €19,244 | €12,945 | -€6,299 | -32.7% |
| Profit (loss) for the period before taxes | 9903 | €248,528 | €431,840 | +€183,312 | +73.8% |
| Income taxes | 67/77 | €54,703 | €111,590 | +€56,887 | +104% |
| Profit (loss) for the period | 9904 | €193,825 | €320,250 | +€126,425 | +65.2% |
| Profit (loss) for the period to be appropriated | 9905 | €193,825 | €320,250 | +€126,425 | +65.2% |
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 14 October 2026 via checked.be.