SpineO: 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.
SpineO
Largest movements
- Cash +€35,172
up €35,172 (+162.1%), from €21,700 to €56,872
mainly Net result for the year (+€41,841) and Other debts (+€833)
- Deferred charges and accrued income +€1,995
new in 2025: €1,995
- Tangible fixed assets +€1,969
new in 2025: €1,969
- Profit (loss) carried forward +€41,010
up €41,010 (+67696.3%), from €61 to €41,071
- Tax, wage and social debts -€2,802
down €2,802 (-37.6%), from €7,450 to €4,648
of which Taxes: -€1,466
- Gross operating margin -€25,911
down €25,911 (-31.6%), from €81,993 to €56,082
- Taxes -€11,407
down €11,407 (-43.7%), from €26,114 to €14,707
- Financial income +€2,275
new in 2025: €2,275
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 | €62,539 | €101,586 | +€39,047 | +62.4% |
| Fixed assets | 21/28 | - | €1,969 | +€1,969 | |
| Tangible fixed assets | 22/27 | - | €1,969 | +€1,969 | |
| Plant, machinery and equipment | 23 | - | €1,969 | +€1,969 | |
| Current assets | 29/58 | €62,539 | €99,617 | +€37,078 | +59.3% |
| Amounts receivable within one year | 40/41 | €40,839 | €40,750 | -€89 | -0.2% |
| Trade receivables | 40 | - | €500 | +€500 | |
| Other amounts receivable | 41 | €40,839 | €40,250 | -€589 | -1.4% |
| Cash at bank and in hand | 54/58 | €21,700 | €56,872 | +€35,172 | +162.1% |
| Deferred charges and accrued income | 490/1 | - | €1,995 | +€1,995 | |
| Total equity and liabilities | 10/49 | €62,539 | €101,586 | +€39,047 | +62.4% |
| Equity | 10/15 | €54,861 | €95,871 | +€41,010 | +74.8% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Capital | 10 | €1,000 | - | -€1,000 | |
| Issued capital | 100 | €1,000 | - | -€1,000 | |
| Reserves | 13 | €53,800 | €53,800 | = | 0.0% |
| Distributable reserves | 133 | €53,800 | €53,800 | = | 0.0% |
| Profit (loss) carried forward | 14 | €61 | €41,071 | +€41,010 | +67696.3% |
| Amounts payable | 17/49 | €7,678 | €5,715 | -€1,963 | -25.6% |
| Amounts payable within one year | 42/48 | €7,678 | €5,715 | -€1,963 | -25.6% |
| Trade debts | 44 | €229 | €234 | +€5 | +2.3% |
| Suppliers | 440/4 | €229 | €234 | +€5 | +2.3% |
| Taxes, remuneration and social security | 45 | €7,450 | €4,648 | -€2,802 | -37.6% |
| Taxes | 450/3 | €6,114 | €4,648 | -€1,466 | -24.0% |
| Remuneration and social security | 454/9 | €1,335 | - | -€1,335 | |
| Other amounts payable | 47/48 | - | €833 | +€833 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €475 | +€475 | |
| Other operating charges | 640/8 | €1,154 | €885 | -€269 | -23.3% |
| Non-recurring operating charges | 66A | €189 | - | -€189 | |
| Gross operating margin | 9900 | €81,993 | €56,082 | -€25,911 | -31.6% |
| Operating profit (loss) | 9901 | €80,650 | €54,722 | -€25,928 | -32.1% |
| Financial income | 75/76B | - | €2,275 | +€2,275 | |
| Recurring financial income | 75 | - | €2,275 | +€2,275 | |
| Financial charges | 65/66B | €676 | €449 | -€227 | -33.5% |
| Recurring financial charges | 65 | €676 | €449 | -€227 | -33.5% |
| Profit (loss) for the period before taxes | 9903 | €79,975 | €56,548 | -€23,427 | -29.3% |
| Income taxes | 67/77 | €26,114 | €14,707 | -€11,407 | -43.7% |
| Profit (loss) for the period | 9904 | €53,861 | €41,841 | -€12,020 | -22.3% |
| Profit (loss) for the period to be appropriated | 9905 | €53,861 | €41,841 | -€12,020 | -22.3% |
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 9 October 2026 via checked.be.