SPIVATRA: 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.
SPIVATRA
Largest movements
- Receivables within one year -€215,010
down €215,010 (-64.8%), from €331,972 to €116,963
of which Trade receivables: -€226,094
- Cash -€91,889
down €91,889 (-31.7%), from €290,014 to €198,126
mainly Contributions, distributions and other (-€260,000) and Other debts (-€220,000)
- Tangible fixed assets +€40,625
up €40,625 (+14.5%), from €279,357 to €319,982
of which Furniture and vehicles: +€24,136
- Deferred charges and accrued income +€14,065
up €14,065 (+86.4%), from €16,279 to €30,343
- Other debts -€220,000
down €220,000 (-45.7%), from €480,984 to €260,984
- Tax, wage and social debts -€52,263
down €52,263 (-57.0%), from €91,680 to €39,417
of which Taxes: -€57,115
- Reserves +€28,855
up €28,855 (+10.0%), from €287,165 to €316,020
- Gross operating margin -€122,948
down €122,948 (-12.9%), from €951,613 to €828,665
- Staff costs +€86,808
up €86,808 (+25.2%), from €344,877 to €431,685
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.
Derived cash bridge
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 | €919,315 | €668,392 | -€250,923 | -27.3% |
| Fixed assets | 21/28 | €279,357 | €319,982 | +€40,625 | +14.5% |
| Tangible fixed assets | 22/27 | €279,357 | €319,982 | +€40,625 | +14.5% |
| Plant, machinery and equipment | 23 | €29,037 | €45,526 | +€16,490 | +56.8% |
| Furniture and vehicles | 24 | €250,320 | €274,456 | +€24,136 | +9.6% |
| Current assets | 29/58 | €639,958 | €348,410 | -€291,548 | -45.6% |
| Stocks and contracts in progress | 3 | €1,693 | €2,978 | +€1,286 | +75.9% |
| Stocks | 30/36 | €1,693 | €2,978 | +€1,286 | +75.9% |
| Amounts receivable within one year | 40/41 | €331,972 | €116,963 | -€215,010 | -64.8% |
| Trade receivables | 40 | €286,382 | €60,288 | -€226,094 | -78.9% |
| Other amounts receivable | 41 | €45,590 | €56,675 | +€11,085 | +24.3% |
| Cash at bank and in hand | 54/58 | €290,014 | €198,126 | -€91,889 | -31.7% |
| Deferred charges and accrued income | 490/1 | €16,279 | €30,343 | +€14,065 | +86.4% |
| Total equity and liabilities | 10/49 | €919,315 | €668,392 | -€250,923 | -27.3% |
| Equity | 10/15 | €305,765 | €334,620 | +€28,855 | +9.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €287,165 | €316,020 | +€28,855 | +10.0% |
| Distributable reserves | 133 | €287,165 | €316,020 | +€28,855 | +10.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €613,550 | €333,773 | -€279,778 | -45.6% |
| Amounts payable within one year | 42/48 | €613,163 | €333,373 | -€279,790 | -45.6% |
| Trade debts | 44 | €40,499 | €32,973 | -€7,527 | -18.6% |
| Suppliers | 440/4 | €40,499 | €32,973 | -€7,527 | -18.6% |
| Taxes, remuneration and social security | 45 | €91,680 | €39,417 | -€52,263 | -57.0% |
| Taxes | 450/3 | €66,540 | €9,425 | -€57,115 | -85.8% |
| Remuneration and social security | 454/9 | €25,140 | €29,991 | +€4,851 | +19.3% |
| Other amounts payable | 47/48 | €480,984 | €260,984 | -€220,000 | -45.7% |
| Accrued charges and deferred income | 492/3 | €387 | €400 | +€12 | +3.2% |
| Remuneration, social security and pensions | 62 | €344,877 | €431,685 | +€86,808 | +25.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €94,404 | €95,875 | +€1,471 | +1.6% |
| Other operating charges | 640/8 | €9,246 | €8,362 | -€884 | -9.6% |
| Gross operating margin | 9900 | €951,613 | €828,665 | -€122,948 | -12.9% |
| Operating profit (loss) | 9901 | €503,086 | €292,743 | -€210,343 | -41.8% |
| Financial income | 75/76B | - | €3,967 | +€3,967 | |
| Recurring financial income | 75 | - | €3,967 | +€3,967 | |
| Financial charges | 65/66B | €1,457 | €72 | -€1,385 | -95.1% |
| Recurring financial charges | 65 | €1,457 | €72 | -€1,385 | -95.1% |
| Profit (loss) for the period before taxes | 9903 | €501,629 | €296,639 | -€204,990 | -40.9% |
| Income taxes | 67/77 | €7,351 | €7,784 | +€433 | +5.9% |
| Profit (loss) for the period | 9904 | €494,278 | €288,855 | -€205,423 | -41.6% |
| Profit (loss) for the period to be appropriated | 9905 | €494,278 | €288,855 | -€205,423 | -41.6% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.