SPODEN IMMO: 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.
SPODEN IMMO
Largest movements
- Cash +€124,376
up €124,376 (+111%), from €111,985 to €236,361
mainly Net result for the year (+€73,995) and Depreciation (+€41,113)
- Tangible fixed assets -€41,113
down €41,113 (-7.4%), from €554,447 to €513,334
- Reserves +€73,995
up €73,995 (+13.5%), from €548,593 to €622,587
of which Distributable reserves: +€73,995
- Tax, wage and social debts +€14,213
up €14,213 (+142%), from €10,021 to €24,234
- Gross operating margin +€95,082
up €95,082 (+153%), from €62,148 to €157,231
- Taxes +€29,996
up €29,996 (+753%), from €3,985 to €33,982
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 | €668,740 | €752,076 | +€83,336 | +12.5% |
| Fixed assets | 21/28 | €554,447 | €513,334 | -€41,113 | -7.4% |
| Tangible fixed assets | 22/27 | €554,447 | €513,334 | -€41,113 | -7.4% |
| Land and buildings | 22 | €554,447 | €513,334 | -€41,113 | -7.4% |
| Current assets | 29/58 | €114,293 | €238,742 | +€124,449 | +109% |
| Cash at bank and in hand | 54/58 | €111,985 | €236,361 | +€124,376 | +111% |
| Deferred charges and accrued income | 490/1 | €2,309 | €2,381 | +€72 | +3.1% |
| Total equity and liabilities | 10/49 | €668,740 | €752,076 | +€83,336 | +12.5% |
| Equity | 10/15 | €646,048 | €718,396 | +€72,348 | +11.2% |
| Contributions | 10/11 | €32,305 | €32,305 | = | 0.0% |
| Reserves | 13 | €548,593 | €622,587 | +€73,995 | +13.5% |
| Tax-exempt reserves | 132 | €132,627 | €132,627 | = | 0.0% |
| Distributable reserves | 133 | €415,966 | €489,960 | +€73,995 | +17.8% |
| Profit (loss) carried forward | 14 | €46,990 | €46,990 | = | 0.0% |
| Investment grants | 15 | €18,160 | €16,514 | -€1,647 | -9.1% |
| Amounts payable | 17/49 | €22,692 | €33,680 | +€10,988 | +48.4% |
| Amounts payable within one year | 42/48 | €22,692 | €33,680 | +€10,988 | +48.4% |
| Trade debts | 44 | €12,671 | €9,447 | -€3,225 | -25.4% |
| Suppliers | 440/4 | €12,671 | €9,447 | -€3,225 | -25.4% |
| Taxes, remuneration and social security | 45 | €10,021 | €24,234 | +€14,213 | +142% |
| Taxes | 450/3 | €10,021 | €24,234 | +€14,213 | +142% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,918 | €41,113 | -€805 | -1.9% |
| Other operating charges | 640/8 | €9,093 | €9,762 | +€668 | +7.3% |
| Gross operating margin | 9900 | €62,148 | €157,231 | +€95,082 | +153% |
| Operating profit (loss) | 9901 | €11,138 | €106,357 | +€95,219 | +855% |
| Financial income | 75/76B | €1,889 | €1,647 | -€242 | -12.8% |
| Recurring financial income | 75 | €1,889 | €1,647 | -€242 | -12.8% |
| Financial charges | 65/66B | - | €27 | +€27 | |
| Recurring financial charges | 65 | - | €27 | +€27 | |
| Profit (loss) for the period before taxes | 9903 | €13,026 | €107,977 | +€94,950 | +729% |
| Income taxes | 67/77 | €3,985 | €33,982 | +€29,996 | +753% |
| Profit (loss) for the period | 9904 | €9,041 | €73,995 | +€64,954 | +718% |
| Transfer from tax-exempt reserves | 789 | €4,912 | - | -€4,912 | |
| Profit (loss) for the period to be appropriated | 9905 | €13,953 | €73,995 | +€60,042 | +430% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.