SpineWise: 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.
SpineWise
Largest movements
- Intangible fixed assets +€82,820
up €82,820 (+26.3%), from €314,716 to €397,536
- Cash +€39,265
up €39,265 (+94.6%), from €41,487 to €80,752
mainly Debts after one year (+€239,230) and Depreciation (+€100,688)
- Receivables within one year -€14,741
down €14,741 (-42.2%), from €34,898 to €20,157
of which Trade receivables: -€14,619
- Debts after one year +€239,230
up €239,230 (+301.0%), from €79,482 to €318,713
- Profit (loss) carried forward -€135,785
down €135,785, from €99,637 to -€36,148
- Trade debts -€39,805
down €39,805 (-72.0%), from €55,290 to €15,485
- Other debts +€33,255
up €33,255 (+509.6%), from €6,526 to €39,780
- Accrued charges and deferred income +€8,504
up €8,504, from €0 to €8,504
- Gross operating margin -€46,818
down €46,818 (-32.2%), from €145,608 to €98,790
- Staff costs +€41,468
up €41,468 (+56.5%), from €73,387 to €114,855
- Depreciation +€36,029
up €36,029 (+55.7%), from €64,659 to €100,688
- Financial charges +€15,463
up €15,463 (+558.5%), from €2,769 to €18,232
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 | €408,441 | €519,575 | +€111,134 | +27.2% |
| Fixed assets | 21/28 | €318,087 | €405,008 | +€86,921 | +27.3% |
| Intangible fixed assets | 21 | €314,716 | €397,536 | +€82,820 | +26.3% |
| Tangible fixed assets | 22/27 | €3,371 | €5,522 | +€2,151 | +63.8% |
| Plant, machinery and equipment | 23 | €3,371 | €1,289 | -€2,082 | -61.8% |
| Furniture and vehicles | 24 | - | €4,233 | +€4,233 | |
| Financial fixed assets | 28 | - | €1,950 | +€1,950 | |
| Current assets | 29/58 | €90,354 | €114,567 | +€24,213 | +26.8% |
| Stocks and contracts in progress | 3 | €11,420 | €11,103 | -€317 | -2.8% |
| Stocks | 30/36 | €9,175 | €11,103 | +€1,928 | +21.0% |
| Contracts in progress | 37 | €2,245 | €0 | -€2,245 | -100.0% |
| Amounts receivable within one year | 40/41 | €34,898 | €20,157 | -€14,741 | -42.2% |
| Trade receivables | 40 | €34,776 | €20,157 | -€14,619 | -42.0% |
| Other amounts receivable | 41 | €123 | €0 | -€123 | -100.0% |
| Cash at bank and in hand | 54/58 | €41,487 | €80,752 | +€39,265 | +94.6% |
| Deferred charges and accrued income | 490/1 | €2,549 | €2,555 | +€6 | +0.3% |
| Total equity and liabilities | 10/49 | €408,441 | €519,575 | +€111,134 | +27.2% |
| Equity | 10/15 | €251,271 | €115,486 | -€135,785 | -54.0% |
| Contributions | 10/11 | €151,634 | €151,634 | = | 0.0% |
| Profit (loss) carried forward | 14 | €99,637 | -€36,148 | -€135,785 | |
| Amounts payable | 17/49 | €157,170 | €404,089 | +€246,919 | +157.1% |
| Amounts payable after more than one year | 17 | €79,482 | €318,713 | +€239,230 | +301.0% |
| Financial debts | 170/4 | €79,482 | €318,713 | +€239,230 | +301.0% |
| Amounts payable within one year | 42/48 | €77,688 | €76,872 | -€816 | -1.1% |
| Trade debts | 44 | €55,290 | €15,485 | -€39,805 | -72.0% |
| Suppliers | 440/4 | €55,290 | €15,485 | -€39,805 | -72.0% |
| Taxes, remuneration and social security | 45 | €15,873 | €21,607 | +€5,734 | +36.1% |
| Taxes | 450/3 | €592 | €4,099 | +€3,507 | +591.9% |
| Remuneration and social security | 454/9 | €15,280 | €17,508 | +€2,227 | +14.6% |
| Other amounts payable | 47/48 | €6,526 | €39,780 | +€33,255 | +509.6% |
| Accrued charges and deferred income | 492/3 | €0 | €8,504 | +€8,504 | |
| Non-recurring operating income | 76A | €8 | €0 | -€8 | -100.0% |
| Remuneration, social security and pensions | 62 | €73,387 | €114,855 | +€41,468 | +56.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €64,659 | €100,688 | +€36,029 | +55.7% |
| Other operating charges | 640/8 | €1,059 | €806 | -€253 | -23.9% |
| Gross operating margin | 9900 | €145,608 | €98,790 | -€46,818 | -32.2% |
| Operating profit (loss) | 9901 | €6,503 | -€117,559 | -€124,062 | |
| Financial income | 75/76B | €8 | €6 | -€2 | -21.8% |
| Recurring financial income | 75 | €8 | €6 | -€2 | -21.8% |
| Financial charges | 65/66B | €2,769 | €18,232 | +€15,463 | +558.5% |
| Recurring financial charges | 65 | €2,769 | €18,232 | +€15,463 | +558.5% |
| Profit (loss) for the period before taxes | 9903 | €3,742 | -€135,785 | -€139,527 | |
| Profit (loss) for the period | 9904 | €3,742 | -€135,785 | -€139,527 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,742 | -€135,785 | -€139,527 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.