Spitsvogel: 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.
Spitsvogel
Largest movements
- Tangible fixed assets -€10,025
down €10,025 (-25.9%), from €38,752 to €28,727
- Cash +€9,964
up €9,964 (+24.8%), from €40,191 to €50,155
mainly Depreciation (+€10,025) and Receivables within one year (+€5,748)
- Receivables within one year -€5,748
down €5,748 (-50.0%), from €11,499 to €5,751
of which Trade receivables: -€8,630
- Other debts -€5,983
down €5,983 (-15.7%), from €38,143 to €32,160
- Tax, wage and social debts -€2,771
down €2,771 (-52.4%), from €5,289 to €2,518
- Profit (loss) carried forward +€1,346
up €1,346 (+4.5%), from €29,649 to €30,995
- Gross operating margin -€35,309
down €35,309 (-72.8%), from €48,480 to €13,171
- Taxes -€6,569
down €6,569 (-84.7%), from €7,756 to €1,187
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 | €92,638 | €86,018 | -€6,620 | -7.1% |
| Fixed assets | 21/28 | €38,752 | €28,727 | -€10,025 | -25.9% |
| Tangible fixed assets | 22/27 | €38,752 | €28,727 | -€10,025 | -25.9% |
| Furniture and vehicles | 24 | €38,752 | €28,727 | -€10,025 | -25.9% |
| Current assets | 29/58 | €53,886 | €57,291 | +€3,406 | +6.3% |
| Amounts receivable within one year | 40/41 | €11,499 | €5,751 | -€5,748 | -50.0% |
| Trade receivables | 40 | €11,499 | €2,869 | -€8,630 | -75.1% |
| Other amounts receivable | 41 | - | €2,882 | +€2,882 | |
| Cash at bank and in hand | 54/58 | €40,191 | €50,155 | +€9,964 | +24.8% |
| Deferred charges and accrued income | 490/1 | €2,196 | €1,385 | -€810 | -36.9% |
| Total equity and liabilities | 10/49 | €92,638 | €86,018 | -€6,620 | -7.1% |
| Equity | 10/15 | €49,098 | €50,444 | +€1,346 | +2.7% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €17,449 | €17,449 | = | 0.0% |
| Distributable reserves | 133 | €17,449 | €17,449 | = | 0.0% |
| Profit (loss) carried forward | 14 | €29,649 | €30,995 | +€1,346 | +4.5% |
| Amounts payable | 17/49 | €43,540 | €35,575 | -€7,965 | -18.3% |
| Amounts payable within one year | 42/48 | €43,540 | €35,575 | -€7,965 | -18.3% |
| Financial debts | 43 | - | €118 | +€118 | |
| Credit institutions | 430/8 | - | €118 | +€118 | |
| Trade debts | 44 | €108 | €779 | +€671 | +623.8% |
| Suppliers | 440/4 | €108 | €779 | +€671 | +623.8% |
| Taxes, remuneration and social security | 45 | €5,289 | €2,518 | -€2,771 | -52.4% |
| Taxes | 450/3 | €5,289 | €2,518 | -€2,771 | -52.4% |
| Other amounts payable | 47/48 | €38,143 | €32,160 | -€5,983 | -15.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,927 | €10,025 | +€98 | +1.0% |
| Other operating charges | 640/8 | €1,234 | €788 | -€446 | -36.2% |
| Gross operating margin | 9900 | €48,480 | €13,171 | -€35,309 | -72.8% |
| Operating profit (loss) | 9901 | €37,319 | €2,358 | -€34,961 | -93.7% |
| Financial income | 75/76B | €144 | €230 | +€86 | +59.2% |
| Recurring financial income | 75 | €144 | €230 | +€86 | +59.2% |
| Financial charges | 65/66B | €59 | €55 | -€3 | -5.3% |
| Recurring financial charges | 65 | €59 | €55 | -€3 | -5.3% |
| Profit (loss) for the period before taxes | 9903 | €37,405 | €2,533 | -€34,872 | -93.2% |
| Income taxes | 67/77 | €7,756 | €1,187 | -€6,569 | -84.7% |
| Profit (loss) for the period | 9904 | €29,649 | €1,346 | -€28,304 | -95.5% |
| Profit (loss) for the period to be appropriated | 9905 | €29,649 | €1,346 | -€28,304 | -95.5% |
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 5 October 2026 via checked.be.