SPINNAKER CONSULTANCY: 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.
SPINNAKER CONSULTANCY
Largest movements
- Receivables within one year +€78,999
up €78,999 (+641.9%), from €12,307 to €91,306
of which Trade receivables: +€76,777
- Cash +€6,468
up €6,468 (+42.0%), from €15,413 to €21,881
mainly Net result for the year (+€57,421) and Debts after one year (+€55,145)
- Debts after one year +€55,145
up €55,145 (+753.6%), from €7,317 to €62,462
- Reserves +€31,921
up €31,921 (+23.8%), from €134,076 to €165,997
- Current portion of long-term debt +€15,235
up €15,235 (+211.5%), from €7,203 to €22,438
- Tax, wage and social debts -€8,642
no longer reported in 2025 (was €8,642)
- Other debts -€7,127
down €7,127 (-71.1%), from €10,022 to €2,895
- Gross operating margin -€6,800
down €6,800 (-8.4%), from €81,352 to €74,552
- Financial income -€3,968
down €3,968 (-46.5%), from €8,532 to €4,564
- Taxes -€2,190
down €2,190 (-12.3%), from €17,740 to €15,550
- Depreciation -€1,999
down €1,999 (-36.5%), from €5,482 to €3,482
- Other operating charges -€831
down €831 (-40.6%), from €2,047 to €1,216
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 | €186,172 | €274,717 | +€88,545 | +47.6% |
| Fixed assets | 21/28 | €8,366 | €10,000 | +€1,635 | +19.5% |
| Tangible fixed assets | 22/27 | €8,366 | €10,000 | +€1,635 | +19.5% |
| Furniture and vehicles | 24 | €4,198 | €6,672 | +€2,474 | +58.9% |
| Other tangible fixed assets | 26 | €4,168 | €3,328 | -€839 | -20.1% |
| Current assets | 29/58 | €177,806 | €264,716 | +€86,910 | +48.9% |
| Amounts receivable after more than one year | 29 | €150,000 | €150,000 | = | 0.0% |
| Other amounts receivable | 291 | €150,000 | €150,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €12,307 | €91,306 | +€78,999 | +641.9% |
| Trade receivables | 40 | €12,307 | €89,085 | +€76,777 | +623.8% |
| Other amounts receivable | 41 | - | €2,221 | +€2,221 | |
| Cash at bank and in hand | 54/58 | €15,413 | €21,881 | +€6,468 | +42.0% |
| Deferred charges and accrued income | 490/1 | €86 | €1,530 | +€1,444 | +1670.7% |
| Total equity and liabilities | 10/49 | €186,172 | €274,717 | +€88,545 | +47.6% |
| Equity | 10/15 | €152,676 | €184,597 | +€31,921 | +20.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €134,076 | €165,997 | +€31,921 | +23.8% |
| Distributable reserves | 133 | €134,076 | €165,997 | +€31,921 | +23.8% |
| Amounts payable | 17/49 | €33,496 | €90,119 | +€56,623 | +169.0% |
| Amounts payable after more than one year | 17 | €7,317 | €62,462 | +€55,145 | +753.6% |
| Financial debts | 170/4 | €7,317 | €62,462 | +€55,145 | +753.6% |
| Amounts payable within one year | 42/48 | €26,178 | €27,657 | +€1,479 | +5.6% |
| Current portion of amounts payable after more than one year | 42 | €7,203 | €22,438 | +€15,235 | +211.5% |
| Trade debts | 44 | €313 | €2,325 | +€2,013 | +644.1% |
| Suppliers | 440/4 | €313 | €2,325 | +€2,013 | +644.1% |
| Taxes, remuneration and social security | 45 | €8,642 | - | -€8,642 | |
| Taxes | 450/3 | €8,642 | - | -€8,642 | |
| Other amounts payable | 47/48 | €10,022 | €2,895 | -€7,127 | -71.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,482 | €3,482 | -€1,999 | -36.5% |
| Other operating charges | 640/8 | €2,047 | €1,216 | -€831 | -40.6% |
| Gross operating margin | 9900 | €81,352 | €74,552 | -€6,800 | -8.4% |
| Operating profit (loss) | 9901 | €73,824 | €69,854 | -€3,970 | -5.4% |
| Financial income | 75/76B | €8,532 | €4,564 | -€3,968 | -46.5% |
| Recurring financial income | 75 | €8,532 | €4,564 | -€3,968 | -46.5% |
| Financial charges | 65/66B | €1,305 | €1,447 | +€143 | +10.9% |
| Recurring financial charges | 65 | €1,305 | €1,447 | +€143 | +10.9% |
| Profit (loss) for the period before taxes | 9903 | €81,052 | €72,971 | -€8,081 | -10.0% |
| Income taxes | 67/77 | €17,740 | €15,550 | -€2,190 | -12.3% |
| Profit (loss) for the period | 9904 | €63,312 | €57,421 | -€5,891 | -9.3% |
| Profit (loss) for the period to be appropriated | 9905 | €63,312 | €57,421 | -€5,891 | -9.3% |
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 7 October 2026 via checked.be.