Spinola: 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.
Spinola
Largest movements
- Cash +€174,788
up €174,788 (+32.2%), from €542,269 to €717,057
mainly Other debts (+€420,039) and Net result for the year (+€353,987)
- Receivables within one year -€78,950
down €78,950 (-62.0%), from €127,350 to €48,400
of which Other amounts receivable: -€85,000
- Other debts +€420,039
up €420,039 (+152.6%), from €275,237 to €695,276
- Reserves -€341,289
down €341,289 (-100.0%), from €341,289 to €0
- Tax, wage and social debts +€16,891
up €16,891 (+39.3%), from €42,950 to €59,841
- Gross operating margin +€94,596
up €94,596 (+24.9%), from €380,050 to €474,646
- Taxes +€33,797
up €33,797 (+39.3%), from €85,900 to €119,698
- Financial charges -€17,961
down €17,961 (-97.6%), from €18,409 to €448
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 | €670,122 | €766,054 | +€95,932 | +14.3% |
| Current assets | 29/58 | €670,122 | €766,054 | +€95,932 | +14.3% |
| Amounts receivable within one year | 40/41 | €127,350 | €48,400 | -€78,950 | -62.0% |
| Trade receivables | 40 | €42,350 | €48,400 | +€6,050 | +14.3% |
| Other amounts receivable | 41 | €85,000 | €0 | -€85,000 | -100.0% |
| Cash at bank and in hand | 54/58 | €542,269 | €717,057 | +€174,788 | +32.2% |
| Deferred charges and accrued income | 490/1 | €503 | €597 | +€94 | +18.7% |
| Total equity and liabilities | 10/49 | €670,122 | €766,054 | +€95,932 | +14.3% |
| Equity | 10/15 | €351,289 | €10,000 | -€341,289 | -97.2% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €341,289 | €0 | -€341,289 | -100.0% |
| Distributable reserves | 133 | €341,289 | €0 | -€341,289 | -100.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €318,833 | €756,054 | +€437,221 | +137.1% |
| Amounts payable within one year | 42/48 | €318,833 | €756,054 | +€437,221 | +137.1% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €646 | €937 | +€291 | +45.1% |
| Suppliers | 440/4 | €646 | €937 | +€291 | +45.1% |
| Taxes, remuneration and social security | 45 | €42,950 | €59,841 | +€16,891 | +39.3% |
| Taxes | 450/3 | €42,950 | €59,841 | +€16,891 | +39.3% |
| Other amounts payable | 47/48 | €275,237 | €695,276 | +€420,039 | +152.6% |
| Other operating charges | 640/8 | €504 | €513 | +€9 | +1.8% |
| Gross operating margin | 9900 | €380,050 | €474,646 | +€94,596 | +24.9% |
| Operating profit (loss) | 9901 | €379,546 | €474,133 | +€94,587 | +24.9% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €18,409 | €448 | -€17,961 | -97.6% |
| Recurring financial charges | 65 | €18,409 | €448 | -€17,961 | -97.6% |
| Profit (loss) for the period before taxes | 9903 | €361,137 | €473,685 | +€112,548 | +31.2% |
| Income taxes | 67/77 | €85,900 | €119,698 | +€33,797 | +39.3% |
| Profit (loss) for the period | 9904 | €275,237 | €353,987 | +€78,750 | +28.6% |
| Profit (loss) for the period to be appropriated | 9905 | €275,237 | €353,987 | +€78,750 | +28.6% |
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 30 September 2026 via checked.be.