SPINGHAR: 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.
SPINGHAR
Largest movements
- Cash -€29,820
down €29,820 (-64.1%), from €46,487 to €16,667
mainly Other debts (-€31,593) and Tax, wage and social debts (-€11,605)
- Receivables within one year -€9,068
down €9,068 (-13.4%), from €67,681 to €58,614
of which Trade receivables: -€10,199
- Stocks and contracts -€9,016
down €9,016 (-19.2%), from €46,997 to €37,982
- Tangible fixed assets +€3,525
up €3,525 (+112%), from €3,136 to €6,661
of which Other tangible fixed assets: +€2,926
- Other debts -€31,593
down €31,593 (-40.7%), from €77,700 to €46,107
- Tax, wage and social debts -€11,605
down €11,605 (-53.2%), from €21,820 to €10,214
of which Taxes: -€18,305
- Profit (loss) carried forward -€4,870
down €4,870 (-10.4%), from €47,036 to €42,167
- Trade debts +€4,034
up €4,034 (+356%), from €1,133 to €5,167
- Gross operating margin -€41,808
down €41,808 (-50.5%), from €82,730 to €40,922
- Staff costs +€24,651
up €24,651 (+257%), from €9,581 to €34,232
- Taxes -€8,470
down €8,470 (-99.8%), from €8,488 to €19
- Other operating charges -€5,978
down €5,978 (-51.6%), from €11,580 to €5,601
- Financial charges -€1,060
down €1,060 (-25.2%), from €4,214 to €3,154
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €175,848 | €131,165 | -€44,683 | -25.4% |
| Fixed assets | 21/28 | €14,101 | €17,626 | +€3,525 | +25.0% |
| Tangible fixed assets | 22/27 | €3,136 | €6,661 | +€3,525 | +112% |
| Plant, machinery and equipment | 23 | €1,869 | €1,219 | -€650 | -34.8% |
| Furniture and vehicles | 24 | €1,140 | €2,389 | +€1,249 | +109% |
| Other tangible fixed assets | 26 | €127 | €3,053 | +€2,926 | +2,308% |
| Financial fixed assets | 28 | €10,965 | €10,965 | = | 0.0% |
| Current assets | 29/58 | €161,747 | €113,540 | -€48,207 | -29.8% |
| Stocks and contracts in progress | 3 | €46,997 | €37,982 | -€9,016 | -19.2% |
| Stocks | 30/36 | €46,997 | €37,982 | -€9,016 | -19.2% |
| Amounts receivable within one year | 40/41 | €67,681 | €58,614 | -€9,068 | -13.4% |
| Trade receivables | 40 | €65,713 | €55,515 | -€10,199 | -15.5% |
| Other amounts receivable | 41 | €1,968 | €3,099 | +€1,131 | +57.5% |
| Cash at bank and in hand | 54/58 | €46,487 | €16,667 | -€29,820 | -64.1% |
| Deferred charges and accrued income | 490/1 | €582 | €278 | -€304 | -52.2% |
| Total equity and liabilities | 10/49 | €175,848 | €131,165 | -€44,683 | -25.4% |
| Equity | 10/15 | €74,546 | €69,677 | -€4,870 | -6.5% |
| Contributions | 10/11 | €16,250 | €16,250 | = | 0.0% |
| Contributions outside capital | 11 | €16,250 | - | -€16,250 | |
| Other | 1109/19 | €16,250 | - | -€16,250 | |
| Reserves | 13 | €11,260 | €11,260 | = | 0.0% |
| 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 | €9,400 | €9,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | €47,036 | €42,167 | -€4,870 | -10.4% |
| Amounts payable | 17/49 | €101,301 | €61,488 | -€39,813 | -39.3% |
| Amounts payable within one year | 42/48 | €101,301 | €61,488 | -€39,813 | -39.3% |
| Current portion of amounts payable after more than one year | 42 | €649 | - | -€649 | |
| Trade debts | 44 | €1,133 | €5,167 | +€4,034 | +356% |
| Suppliers | 440/4 | €1,133 | €5,167 | +€4,034 | +356% |
| Taxes, remuneration and social security | 45 | €21,820 | €10,214 | -€11,605 | -53.2% |
| Taxes | 450/3 | €20,616 | €2,311 | -€18,305 | -88.8% |
| Remuneration and social security | 454/9 | €1,204 | €7,904 | +€6,700 | +556% |
| Other amounts payable | 47/48 | €77,700 | €46,107 | -€31,593 | -40.7% |
| Non-recurring operating income | 76A | - | €5,718 | +€5,718 | |
| Remuneration, social security and pensions | 62 | €9,581 | €34,232 | +€24,651 | +257% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,972 | €2,785 | +€814 | +41.3% |
| Other operating charges | 640/8 | €11,580 | €5,601 | -€5,978 | -51.6% |
| Gross operating margin | 9900 | €82,730 | €40,922 | -€41,808 | -50.5% |
| Operating profit (loss) | 9901 | €59,598 | -€1,697 | -€61,294 | |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €4,214 | €3,154 | -€1,060 | -25.2% |
| Recurring financial charges | 65 | €4,214 | €3,154 | -€1,060 | -25.2% |
| Profit (loss) for the period before taxes | 9903 | €55,384 | -€4,851 | -€60,235 | |
| Income taxes | 67/77 | €8,488 | €19 | -€8,470 | -99.8% |
| Profit (loss) for the period | 9904 | €46,895 | -€4,870 | -€51,765 | |
| Profit (loss) for the period to be appropriated | 9905 | €46,895 | -€4,870 | -€51,765 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.