SPITS: 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.
SPITS
Largest movements
- Receivables within one year +€5,002
up €5,002 (+233.7%), from €2,140 to €7,142
of which Trade receivables: +€4,329
- Cash +€4,505
up €4,505 (+23.0%), from €19,585 to €24,090
mainly Net result for the year (+€4,159) and Other debts (+€4,148)
- Stocks and contracts -€2,250
down €2,250 (-7.3%), from €30,730 to €28,480
- Tangible fixed assets -€2,101
down €2,101 (-16.1%), from €13,036 to €10,935
of which Plant, machinery and equipment: -€1,436
- Trade debts -€4,435
down €4,435 (-62.3%), from €7,120 to €2,685
- Other debts +€4,148
up €4,148 (+139.9%), from €2,965 to €7,113
- Reserves +€4,000
up €4,000 (+11.8%), from €33,884 to €37,884
of which Distributable reserves: +€4,000
- Tax, wage and social debts +€1,933
up €1,933 (+103.9%), from €1,860 to €3,793
of which Taxes: +€1,799
- Gross operating margin +€7,797
up €7,797 (+82.1%), from €9,502 to €17,299
- Depreciation -€2,433
down €2,433 (-53.7%), from €4,534 to €2,101
- Staff costs -€1,935
down €1,935 (-21.4%), from €9,024 to €7,089
- Taxes +€400
new in 2024: €400
- Other operating charges +€212
up €212 (+6.5%), from €3,273 to €3,485
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €65,516 | €71,321 | +€5,805 | +8.9% |
| Fixed assets | 21/28 | €13,061 | €10,960 | -€2,101 | -16.1% |
| Tangible fixed assets | 22/27 | €13,036 | €10,935 | -€2,101 | -16.1% |
| Land and buildings | 22 | €10,542 | €10,542 | = | 0.0% |
| Plant, machinery and equipment | 23 | €1,436 | - | -€1,436 | |
| Furniture and vehicles | 24 | €1,058 | €393 | -€665 | -62.9% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €52,455 | €60,361 | +€7,906 | +15.1% |
| Stocks and contracts in progress | 3 | €30,730 | €28,480 | -€2,250 | -7.3% |
| Stocks | 30/36 | €30,730 | €28,480 | -€2,250 | -7.3% |
| Amounts receivable within one year | 40/41 | €2,140 | €7,142 | +€5,002 | +233.7% |
| Trade receivables | 40 | €1,713 | €6,042 | +€4,329 | +252.7% |
| Other amounts receivable | 41 | €427 | €1,100 | +€673 | +157.6% |
| Cash at bank and in hand | 54/58 | €19,585 | €24,090 | +€4,505 | +23.0% |
| Deferred charges and accrued income | 490/1 | - | €649 | +€649 | |
| Total equity and liabilities | 10/49 | €65,516 | €71,321 | +€5,805 | +8.9% |
| Equity | 10/15 | €53,571 | €57,730 | +€4,159 | +7.8% |
| Contributions | 10/11 | €19,832 | €19,832 | = | 0.0% |
| Reserves | 13 | €33,884 | €37,884 | +€4,000 | +11.8% |
| Non-distributable reserves | 130/1 | €1,984 | €1,984 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,984 | €1,984 | = | 0.0% |
| Distributable reserves | 133 | €31,900 | €35,900 | +€4,000 | +12.5% |
| Profit (loss) carried forward | 14 | -€145 | €14 | +€159 | |
| Amounts payable | 17/49 | €11,945 | €13,591 | +€1,646 | +13.8% |
| Amounts payable within one year | 42/48 | €11,945 | €13,591 | +€1,646 | +13.8% |
| Trade debts | 44 | €7,120 | €2,685 | -€4,435 | -62.3% |
| Suppliers | 440/4 | €7,120 | €2,685 | -€4,435 | -62.3% |
| Taxes, remuneration and social security | 45 | €1,860 | €3,793 | +€1,933 | +103.9% |
| Taxes | 450/3 | €501 | €2,300 | +€1,799 | +359.1% |
| Remuneration and social security | 454/9 | €1,359 | €1,493 | +€134 | +9.9% |
| Other amounts payable | 47/48 | €2,965 | €7,113 | +€4,148 | +139.9% |
| Remuneration, social security and pensions | 62 | €9,024 | €7,089 | -€1,935 | -21.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,534 | €2,101 | -€2,433 | -53.7% |
| Other operating charges | 640/8 | €3,273 | €3,485 | +€212 | +6.5% |
| Gross operating margin | 9900 | €9,502 | €17,299 | +€7,797 | +82.1% |
| Operating profit (loss) | 9901 | -€7,329 | €4,624 | +€11,953 | |
| Financial income | 75/76B | €129 | €108 | -€21 | -16.3% |
| Recurring financial income | 75 | €129 | €108 | -€21 | -16.3% |
| Financial charges | 65/66B | €119 | €173 | +€54 | +45.4% |
| Recurring financial charges | 65 | €119 | €173 | +€54 | +45.4% |
| Profit (loss) for the period before taxes | 9903 | -€7,319 | €4,559 | +€11,878 | |
| Income taxes | 67/77 | - | €400 | +€400 | |
| Profit (loss) for the period | 9904 | -€7,319 | €4,159 | +€11,478 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,319 | €4,159 | +€11,478 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.