Spinemed: 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.
Spinemed
Largest movements
- Receivables within one year +€211,339
new in 2025: €211,339
of which Other amounts receivable: +€200,000
- Cash -€12,618
down €12,618 (-55.2%), from €22,861 to €10,243
mainly Receivables within one year (-€211,339) and Net result for the year (-€32,010)
- Tangible fixed assets -€4,960
down €4,960 (-23.5%), from €21,104 to €16,144
- Other debts +€229,924
up €229,924 (+60095.0%), from €383 to €230,306
- Profit (loss) carried forward -€32,010
new in 2025: -€32,010
- Tax, wage and social debts -€2,922
down €2,922 (-33.3%), from €8,768 to €5,845
- Gross operating margin -€79,076
down €79,076, from €46,113 to -€32,963
- Financial income +€9,952
up €9,952 (+6594.3%), from €151 to €10,103
- Taxes -€8,391
down €8,391 (-93.9%), from €8,939 to €548
- Depreciation -€1,413
down €1,413 (-22.2%), from €6,373 to €4,960
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 | €43,964 | €237,725 | +€193,761 | +440.7% |
| Fixed assets | 21/28 | €21,104 | €16,144 | -€4,960 | -23.5% |
| Tangible fixed assets | 22/27 | €21,104 | €16,144 | -€4,960 | -23.5% |
| Furniture and vehicles | 24 | €21,104 | €16,144 | -€4,960 | -23.5% |
| Current assets | 29/58 | €22,861 | €221,582 | +€198,721 | +869.3% |
| Amounts receivable within one year | 40/41 | - | €211,339 | +€211,339 | |
| Trade receivables | 40 | - | €11,339 | +€11,339 | |
| Other amounts receivable | 41 | - | €200,000 | +€200,000 | |
| Cash at bank and in hand | 54/58 | €22,861 | €10,243 | -€12,618 | -55.2% |
| Total equity and liabilities | 10/49 | €43,964 | €237,725 | +€193,761 | +440.7% |
| Equity | 10/15 | €31,721 | -€289 | -€32,010 | |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €30,721 | €30,721 | = | 0.0% |
| Distributable reserves | 133 | €30,721 | €30,721 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€32,010 | -€32,010 | |
| Amounts payable | 17/49 | €12,243 | €238,014 | +€225,771 | +1844.1% |
| Amounts payable within one year | 42/48 | €12,243 | €238,014 | +€225,771 | +1844.1% |
| Trade debts | 44 | €3,093 | €1,863 | -€1,230 | -39.8% |
| Suppliers | 440/4 | €3,093 | €1,863 | -€1,230 | -39.8% |
| Taxes, remuneration and social security | 45 | €8,768 | €5,845 | -€2,922 | -33.3% |
| Taxes | 450/3 | €8,768 | €5,845 | -€2,922 | -33.3% |
| Other amounts payable | 47/48 | €383 | €230,306 | +€229,924 | +60095.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,373 | €4,960 | -€1,413 | -22.2% |
| Other operating charges | 640/8 | €165 | - | -€165 | |
| Non-recurring operating charges | 66A | - | €3,600 | +€3,600 | |
| Gross operating margin | 9900 | €46,113 | -€32,963 | -€79,076 | |
| Operating profit (loss) | 9901 | €39,575 | -€41,523 | -€81,099 | |
| Financial income | 75/76B | €151 | €10,103 | +€9,952 | +6594.3% |
| Recurring financial income | 75 | €151 | €10,103 | +€9,952 | +6594.3% |
| Financial charges | 65/66B | €66 | €41 | -€24 | -36.8% |
| Recurring financial charges | 65 | €66 | €41 | -€24 | -36.8% |
| Profit (loss) for the period before taxes | 9903 | €39,660 | -€31,462 | -€71,122 | |
| Income taxes | 67/77 | €8,939 | €548 | -€8,391 | -93.9% |
| Profit (loss) for the period | 9904 | €30,721 | -€32,010 | -€62,731 | |
| Profit (loss) for the period to be appropriated | 9905 | €30,721 | -€32,010 | -€62,731 |
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 5 October 2026 via checked.be.