SPIRITS: 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.
SPIRITS
Largest movements
- Cash +€5,197
up €5,197 (+120.1%), from €4,326 to €9,523
mainly Net result for the year (+€4,187) and Tax, wage and social debts (+€1,705)
- Tangible fixed assets +€849
new in 2025: €849
- Receivables within one year -€502
down €502 (-24.0%), from €2,091 to €1,589
of which Trade receivables: -€272
- Profit (loss) carried forward +€4,187
up €4,187 (+8.5%), from -€49,388 to -€45,200
- Tax, wage and social debts +€1,705
new in 2025: €1,705
- Trade debts -€342
no longer reported in 2025 (was €342)
- Gross operating margin +€3,984
up €3,984 (+139.2%), from €2,863 to €6,847
- Depreciation -€3,781
down €3,781 (-98.5%), from €3,840 to €59
- Taxes +€1,705
new in 2025: €1,705
- Other operating charges -€109
down €109 (-12.4%), from €875 to €766
- Financial income -€71
down €71 (-82.6%), from €86 to €15
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 | €6,554 | €12,104 | +€5,550 | +84.7% |
| Fixed assets | 21/28 | - | €849 | +€849 | |
| Tangible fixed assets | 22/27 | - | €849 | +€849 | |
| Plant, machinery and equipment | 23 | - | €849 | +€849 | |
| Current assets | 29/58 | €6,554 | €11,256 | +€4,701 | +71.7% |
| Amounts receivable within one year | 40/41 | €2,091 | €1,589 | -€502 | -24.0% |
| Trade receivables | 40 | €272 | - | -€272 | |
| Other amounts receivable | 41 | €1,819 | €1,589 | -€230 | -12.6% |
| Cash at bank and in hand | 54/58 | €4,326 | €9,523 | +€5,197 | +120.1% |
| Deferred charges and accrued income | 490/1 | €138 | €144 | +€6 | +4.7% |
| Total equity and liabilities | 10/49 | €6,554 | €12,104 | +€5,550 | +84.7% |
| Equity | 10/15 | €6,212 | €10,400 | +€4,187 | +67.4% |
| Contributions | 10/11 | €55,600 | €55,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€49,388 | -€45,200 | +€4,187 | +8.5% |
| Amounts payable | 17/49 | €342 | €1,705 | +€1,363 | +398.5% |
| Amounts payable within one year | 42/48 | €342 | €1,705 | +€1,363 | +398.5% |
| Trade debts | 44 | €342 | - | -€342 | |
| Suppliers | 440/4 | €342 | - | -€342 | |
| Taxes, remuneration and social security | 45 | - | €1,705 | +€1,705 | |
| Taxes | 450/3 | - | €1,705 | +€1,705 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,840 | €59 | -€3,781 | -98.5% |
| Other operating charges | 640/8 | €875 | €766 | -€109 | -12.4% |
| Gross operating margin | 9900 | €2,863 | €6,847 | +€3,984 | +139.2% |
| Operating profit (loss) | 9901 | -€1,852 | €6,022 | +€7,874 | |
| Financial income | 75/76B | €86 | €15 | -€71 | -82.6% |
| Recurring financial income | 75 | €86 | €15 | -€71 | -82.6% |
| Financial charges | 65/66B | €138 | €145 | +€6 | +4.6% |
| Recurring financial charges | 65 | €138 | €145 | +€6 | +4.6% |
| Profit (loss) for the period before taxes | 9903 | -€1,905 | €5,892 | +€7,797 | |
| Income taxes | 67/77 | - | €1,705 | +€1,705 | |
| Profit (loss) for the period | 9904 | -€1,905 | €4,187 | +€6,092 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,905 | €4,187 | +€6,092 |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.