SPITS Construction: 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 Construction
Largest movements
- Receivables within one year -€430,769
down €430,769 (-69.6%), from €619,322 to €188,553
of which Trade receivables: -€507,841
- Cash +€378,790
up €378,790 (+175.4%), from €215,908 to €594,698
mainly Receivables within one year (+€430,769) and Trade debts (+€302,282)
- Stocks and contracts +€253,000
up €253,000 (+506.0%), from €50,000 to €303,000
- Tangible fixed assets +€205,318
up €205,318 (+71.1%), from €288,578 to €493,896
of which Plant, machinery and equipment: +€252,309
- Trade debts +€302,282
up €302,282 (+130.7%), from €231,345 to €533,627
- Profit (loss) carried forward +€165,875
up €165,875 (+45.3%), from €365,768 to €531,643
- Debts after one year -€38,812
down €38,812 (-26.6%), from €145,916 to €107,104
- Gross operating margin +€318,977
up €318,977 (+31.1%), from €1.0m to €1.3m
- Write-downs +€123,600
up €123,600 (+52.8%), from €234,000 to €357,600
- Taxes +€43,856
up €43,856 (+798.8%), from €5,490 to €49,347
- Depreciation -€35,075
down €35,075 (-22.2%), from €157,716 to €122,641
- Staff costs +€28,768
up €28,768 (+4.8%), from €594,357 to €623,126
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 | €1,203,470 | €1,616,542 | +€413,072 | +34.3% |
| Fixed assets | 21/28 | €290,836 | €499,646 | +€208,810 | +71.8% |
| Intangible fixed assets | 21 | €758 | €0 | -€758 | -100.0% |
| Tangible fixed assets | 22/27 | €288,578 | €493,896 | +€205,318 | +71.1% |
| Land and buildings | 22 | €20,950 | €11,294 | -€9,656 | -46.1% |
| Plant, machinery and equipment | 23 | €90,351 | €342,660 | +€252,309 | +279.3% |
| Furniture and vehicles | 24 | €53,926 | €60,588 | +€6,662 | +12.4% |
| Leasing and similar rights | 25 | €123,351 | €79,353 | -€43,997 | -35.7% |
| Financial fixed assets | 28 | €1,500 | €5,750 | +€4,250 | +283.3% |
| Current assets | 29/58 | €912,634 | €1,116,896 | +€204,262 | +22.4% |
| Stocks and contracts in progress | 3 | €50,000 | €303,000 | +€253,000 | +506.0% |
| Stocks | 30/36 | €50,000 | €303,000 | +€253,000 | +506.0% |
| Amounts receivable within one year | 40/41 | €619,322 | €188,553 | -€430,769 | -69.6% |
| Trade receivables | 40 | €528,442 | €20,601 | -€507,841 | -96.1% |
| Other amounts receivable | 41 | €90,880 | €167,952 | +€77,072 | +84.8% |
| Cash at bank and in hand | 54/58 | €215,908 | €594,698 | +€378,790 | +175.4% |
| Deferred charges and accrued income | 490/1 | €27,404 | €30,645 | +€3,241 | +11.8% |
| Total equity and liabilities | 10/49 | €1,203,470 | €1,616,542 | +€413,072 | +34.3% |
| Equity | 10/15 | €733,828 | €899,703 | +€165,875 | +22.6% |
| Contributions | 10/11 | €368,060 | €368,060 | = | 0.0% |
| Reserves | 13 | €0 | - | = | |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Profit (loss) carried forward | 14 | €365,768 | €531,643 | +€165,875 | +45.3% |
| Amounts payable | 17/49 | €469,641 | €716,839 | +€247,197 | +52.6% |
| Amounts payable after more than one year | 17 | €145,916 | €107,104 | -€38,812 | -26.6% |
| Financial debts | 170/4 | €145,916 | €107,104 | -€38,812 | -26.6% |
| Amounts payable within one year | 42/48 | €323,725 | €609,709 | +€285,984 | +88.3% |
| Current portion of amounts payable after more than one year | 42 | €57,977 | €64,695 | +€6,718 | +11.6% |
| Trade debts | 44 | €231,345 | €533,627 | +€302,282 | +130.7% |
| Suppliers | 440/4 | €231,345 | €533,627 | +€302,282 | +130.7% |
| Taxes, remuneration and social security | 45 | €19,156 | €11,106 | -€8,050 | -42.0% |
| Taxes | 450/3 | €4,464 | €2,550 | -€1,914 | -42.9% |
| Remuneration and social security | 454/9 | €14,692 | €8,556 | -€6,136 | -41.8% |
| Other amounts payable | 47/48 | €15,248 | €281 | -€14,967 | -98.2% |
| Accrued charges and deferred income | 492/3 | €0 | €25 | +€25 | |
| Remuneration, social security and pensions | 62 | €594,357 | €623,126 | +€28,768 | +4.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €157,716 | €122,641 | -€35,075 | -22.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €234,000 | €357,600 | +€123,600 | +52.8% |
| Other operating charges | 640/8 | €9,440 | €13,311 | +€3,871 | +41.0% |
| Gross operating margin | 9900 | €1,027,235 | €1,346,212 | +€318,977 | +31.1% |
| Operating profit (loss) | 9901 | €31,721 | €229,534 | +€197,813 | +623.6% |
| Financial income | 75/76B | €118 | €255 | +€137 | +116.6% |
| Recurring financial income | 75 | €118 | €255 | +€137 | +116.6% |
| Financial charges | 65/66B | €6,979 | €6,067 | -€912 | -13.1% |
| Recurring financial charges | 65 | €6,979 | €6,067 | -€912 | -13.1% |
| Profit (loss) for the period before taxes | 9903 | €24,860 | €223,722 | +€198,862 | +799.9% |
| Income taxes | 67/77 | €5,490 | €49,347 | +€43,856 | +798.8% |
| Profit (loss) for the period | 9904 | €19,370 | €174,375 | +€155,005 | +800.2% |
| Profit (loss) for the period to be appropriated | 9905 | €19,370 | €174,375 | +€155,005 | +800.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.