Spinsel: 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.
Spinsel
Largest movements
- Cash -€87,091
down €87,091 (-60.3%), from €144,328 to €57,237
mainly Other debts (-€74,058) and Current investments (-€68,000)
- Current investments +€68,000
up €68,000 (+115%), from €58,962 to €126,962
- Receivables within one year +€11,913
up €11,913 (+81.8%), from €14,569 to €26,482
of which Trade receivables: +€12,258
- Other debts -€74,058
down €74,058 (-96.3%), from €76,925 to €2,867
- Reserves +€62,901
up €62,901 (+50.4%), from €124,793 to €187,693
of which Distributable reserves: +€62,901
- Tax, wage and social debts +€5,712
new in 2025: €5,712
- Gross operating margin -€4,074
down €4,074 (-4.8%), from €84,911 to €80,838
- Financial income +€1,629
up €1,629 (+256%), from €636 to €2,265
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.
Derived cash bridge
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 | €222,002 | €215,966 | -€6,036 | -2.7% |
| Fixed assets | 21/28 | €1,612 | €3,064 | +€1,453 | +90.1% |
| Tangible fixed assets | 22/27 | €1,612 | €3,064 | +€1,453 | +90.1% |
| Furniture and vehicles | 24 | €474 | €2,133 | +€1,658 | +350% |
| Other tangible fixed assets | 26 | €1,138 | €932 | -€206 | -18.1% |
| Current assets | 29/58 | €220,390 | €212,901 | -€7,489 | -3.4% |
| Amounts receivable within one year | 40/41 | €14,569 | €26,482 | +€11,913 | +81.8% |
| Trade receivables | 40 | €13,340 | €25,598 | +€12,258 | +91.9% |
| Other amounts receivable | 41 | €1,229 | €884 | -€345 | -28.1% |
| Current investments | 50/53 | €58,962 | €126,962 | +€68,000 | +115% |
| Cash at bank and in hand | 54/58 | €144,328 | €57,237 | -€87,091 | -60.3% |
| Deferred charges and accrued income | 490/1 | €2,532 | €2,221 | -€311 | -12.3% |
| Total equity and liabilities | 10/49 | €222,002 | €215,966 | -€6,036 | -2.7% |
| Equity | 10/15 | €143,393 | €206,293 | +€62,901 | +43.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €124,793 | €187,693 | +€62,901 | +50.4% |
| Tax-exempt reserves | 132 | €256 | €256 | = | 0.0% |
| Distributable reserves | 133 | €124,537 | €187,437 | +€62,901 | +50.5% |
| Amounts payable | 17/49 | €78,609 | €9,672 | -€68,937 | -87.7% |
| Amounts payable within one year | 42/48 | €78,609 | €9,672 | -€68,937 | -87.7% |
| Trade debts | 44 | €1,684 | €1,093 | -€591 | -35.1% |
| Suppliers | 440/4 | €1,684 | €1,093 | -€591 | -35.1% |
| Taxes, remuneration and social security | 45 | - | €5,712 | +€5,712 | |
| Taxes | 450/3 | - | €5,712 | +€5,712 | |
| Other amounts payable | 47/48 | €76,925 | €2,867 | -€74,058 | -96.3% |
| Non-recurring operating income | 76A | - | €307 | +€307 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,218 | €1,125 | -€93 | -7.6% |
| Other operating charges | 640/8 | €525 | €531 | +€7 | +1.2% |
| Gross operating margin | 9900 | €84,911 | €80,838 | -€4,074 | -4.8% |
| Operating profit (loss) | 9901 | €83,168 | €79,181 | -€3,987 | -4.8% |
| Financial income | 75/76B | €636 | €2,265 | +€1,629 | +256% |
| Recurring financial income | 75 | €636 | €2,265 | +€1,629 | +256% |
| Financial charges | 65/66B | €54 | €76 | +€22 | +40.9% |
| Recurring financial charges | 65 | €54 | €76 | +€22 | +40.9% |
| Profit (loss) for the period before taxes | 9903 | €83,751 | €81,371 | -€2,380 | -2.8% |
| Income taxes | 67/77 | €17,444 | €16,752 | -€691 | -4.0% |
| Profit (loss) for the period | 9904 | €66,307 | €64,619 | -€1,689 | -2.5% |
| Profit (loss) for the period to be appropriated | 9905 | €66,307 | €64,619 | -€1,689 | -2.5% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.