Spinsh: 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.
Spinsh
Largest movements
- Stocks and contracts -€18,459
no longer reported in 2025 (was €18,459)
- Tangible fixed assets -€15,435
no longer reported in 2025 (was €15,435)
of which Plant, machinery and equipment: -€14,133
- Financial fixed assets -€2,500
no longer reported in 2025 (was €2,500)
- Receivables within one year -€1,982
down €1,982 (-77.6%), from €2,555 to €573
of which Other amounts receivable: -€1,582
- Cash +€920
up €920 (+10.6%), from €8,680 to €9,600
mainly Stocks and contracts (+€18,459) and Investment in fixed assets (net) (+€17,935)
- Profit (loss) carried forward -€24,933
down €24,933 (-84.8%), from -€29,394 to -€54,327
- Other debts -€10,958
down €10,958 (-16.3%), from €67,057 to €56,099
- Tax, wage and social debts -€3,347
down €3,347 (-70.6%), from €4,739 to €1,392
- Trade debts +€908
up €908 (+53.4%), from €1,701 to €2,609
- Financial charges -€10,352
down €10,352 (-97.3%), from €10,638 to €286
of which Non-recurring financial charges: -€10,197
- Gross operating margin -€8,326
down €8,326 (-73.1%), from -€11,390 to -€19,716
- Depreciation -€4,517
down €4,517 (-95.7%), from €4,718 to €201
- Other operating charges +€2,816
up €2,816 (+146.1%), from €1,927 to €4,744
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 | €49,103 | €10,774 | -€38,329 | -78.1% |
| Formation expenses | 20 | €802 | €601 | -€201 | -25.1% |
| Fixed assets | 21/28 | €17,935 | - | -€17,935 | |
| Tangible fixed assets | 22/27 | €15,435 | - | -€15,435 | |
| Plant, machinery and equipment | 23 | €14,133 | - | -€14,133 | |
| Furniture and vehicles | 24 | €1,302 | - | -€1,302 | |
| Financial fixed assets | 28 | €2,500 | - | -€2,500 | |
| Current assets | 29/58 | €30,366 | €10,173 | -€20,193 | -66.5% |
| Stocks and contracts in progress | 3 | €18,459 | - | -€18,459 | |
| Stocks | 30/36 | €18,459 | - | -€18,459 | |
| Amounts receivable within one year | 40/41 | €2,555 | €573 | -€1,982 | -77.6% |
| Trade receivables | 40 | €400 | - | -€400 | |
| Other amounts receivable | 41 | €2,155 | €573 | -€1,582 | -73.4% |
| Cash at bank and in hand | 54/58 | €8,680 | €9,600 | +€920 | +10.6% |
| Deferred charges and accrued income | 490/1 | €672 | - | -€672 | |
| Total equity and liabilities | 10/49 | €49,103 | €10,774 | -€38,329 | -78.1% |
| Equity | 10/15 | -€24,394 | -€49,327 | -€24,933 | -102.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€29,394 | -€54,327 | -€24,933 | -84.8% |
| Amounts payable | 17/49 | €73,497 | €60,101 | -€13,396 | -18.2% |
| Amounts payable within one year | 42/48 | €73,497 | €60,101 | -€13,396 | -18.2% |
| Trade debts | 44 | €1,701 | €2,609 | +€908 | +53.4% |
| Suppliers | 440/4 | €1,701 | €2,609 | +€908 | +53.4% |
| Taxes, remuneration and social security | 45 | €4,739 | €1,392 | -€3,347 | -70.6% |
| Taxes | 450/3 | €4,739 | €1,392 | -€3,347 | -70.6% |
| Other amounts payable | 47/48 | €67,057 | €56,099 | -€10,958 | -16.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,718 | €201 | -€4,517 | -95.7% |
| Other operating charges | 640/8 | €1,927 | €4,744 | +€2,816 | +146.1% |
| Gross operating margin | 9900 | -€11,390 | -€19,716 | -€8,326 | -73.1% |
| Operating profit (loss) | 9901 | -€18,035 | -€24,661 | -€6,626 | -36.7% |
| Financial income | 75/76B | €0 | €14 | +€14 | +17287.5% |
| Recurring financial income | 75 | €0 | €14 | +€14 | +17287.5% |
| Financial charges | 65/66B | €10,638 | €286 | -€10,352 | -97.3% |
| Recurring financial charges | 65 | €324 | €170 | -€154 | -47.6% |
| Non-recurring financial charges | 66B | €10,313 | €116 | -€10,197 | -98.9% |
| Profit (loss) for the period before taxes | 9903 | -€28,673 | -€24,933 | +€3,740 | +13.0% |
| Profit (loss) for the period | 9904 | -€28,673 | -€24,933 | +€3,740 | +13.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€28,673 | -€24,933 | +€3,740 | +13.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.