SPINNOVATION: 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.
SPINNOVATION
Largest movements
- Receivables within one year +€38,125
up €38,125 (+9.9%), from €385,131 to €423,256
of which Other amounts receivable: +€37,794
- Cash -€8,428
down €8,428 (-21.0%), from €40,217 to €31,788
mainly Contributions, distributions and other (-€40,000) and Receivables within one year (-€38,125)
- Deferred charges and accrued income +€6,486
up €6,486 (+42.6%), from €15,238 to €21,724
- Reserves +€33,000
up €33,000 (+7.9%), from €417,000 to €450,000
of which Distributable reserves: +€33,000
- Other debts +€20,000
up €20,000 (+100.0%), from €20,000 to €40,000
- Trade debts -€11,751
down €11,751 (-30.3%), from €38,816 to €27,065
- Gross operating margin +€10,522
up €10,522 (+10.5%), from €100,547 to €111,068
- Staff costs -€8,151
down €8,151 (-19.9%), from €41,038 to €32,887
- Financial income +€1,687
up €1,687 (+14.3%), from €11,794 to €13,481
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 | €493,733 | €530,232 | +€36,499 | +7.4% |
| Fixed assets | 21/28 | €4,854 | €5,171 | +€317 | +6.5% |
| Tangible fixed assets | 22/27 | €4,854 | €5,171 | +€317 | +6.5% |
| Land and buildings | 22 | €965 | €772 | -€193 | -20.0% |
| Furniture and vehicles | 24 | €3,889 | €4,399 | +€510 | +13.1% |
| Current assets | 29/58 | €488,878 | €525,061 | +€36,182 | +7.4% |
| Amounts receivable within one year | 40/41 | €385,131 | €423,256 | +€38,125 | +9.9% |
| Trade receivables | 40 | €26,479 | €26,811 | +€331 | +1.3% |
| Other amounts receivable | 41 | €358,652 | €396,445 | +€37,794 | +10.5% |
| Current investments | 50/53 | €48,292 | €48,292 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €40,217 | €31,788 | -€8,428 | -21.0% |
| Deferred charges and accrued income | 490/1 | €15,238 | €21,724 | +€6,486 | +42.6% |
| Total equity and liabilities | 10/49 | €493,733 | €530,232 | +€36,499 | +7.4% |
| Equity | 10/15 | €424,128 | €456,583 | +€32,454 | +7.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €417,000 | €450,000 | +€33,000 | +7.9% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Tax-exempt reserves | 132 | €17 | €17 | = | 0.0% |
| Distributable reserves | 133 | €415,128 | €448,128 | +€33,000 | +7.9% |
| Profit (loss) carried forward | 14 | €928 | €383 | -€546 | -58.8% |
| Amounts payable | 17/49 | €69,604 | €73,649 | +€4,045 | +5.8% |
| Amounts payable within one year | 42/48 | €64,660 | €70,178 | +€5,518 | +8.5% |
| Trade debts | 44 | €38,816 | €27,065 | -€11,751 | -30.3% |
| Suppliers | 440/4 | €38,816 | €27,065 | -€11,751 | -30.3% |
| Taxes, remuneration and social security | 45 | €5,843 | €3,113 | -€2,731 | -46.7% |
| Taxes | 450/3 | €104 | - | -€104 | |
| Remuneration and social security | 454/9 | €5,739 | €3,113 | -€2,626 | -45.8% |
| Other amounts payable | 47/48 | €20,000 | €40,000 | +€20,000 | +100.0% |
| Accrued charges and deferred income | 492/3 | €4,944 | €3,472 | -€1,473 | -29.8% |
| Remuneration, social security and pensions | 62 | €41,038 | €32,887 | -€8,151 | -19.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,101 | €2,174 | +€72 | +3.4% |
| Other operating charges | 640/8 | €1,185 | €674 | -€511 | -43.1% |
| Non-recurring operating charges | 66A | €535 | €394 | -€141 | -26.3% |
| Gross operating margin | 9900 | €100,547 | €111,068 | +€10,522 | +10.5% |
| Operating profit (loss) | 9901 | €55,688 | €74,939 | +€19,252 | +34.6% |
| Financial income | 75/76B | €11,794 | €13,481 | +€1,687 | +14.3% |
| Recurring financial income | 75 | €11,794 | €13,481 | +€1,687 | +14.3% |
| Financial charges | 65/66B | €165 | €421 | +€256 | +155.4% |
| Recurring financial charges | 65 | €165 | €421 | +€256 | +155.4% |
| Profit (loss) for the period before taxes | 9903 | €67,317 | €87,999 | +€20,683 | +30.7% |
| Income taxes | 67/77 | €15,880 | €15,545 | -€335 | -2.1% |
| Profit (loss) for the period | 9904 | €51,437 | €72,454 | +€21,018 | +40.9% |
| Profit (loss) for the period to be appropriated | 9905 | €51,437 | €72,454 | +€21,018 | +40.9% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.