SPODEN TH.: 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 TH.
Largest movements
- Cash +€131,880
up €131,880 (+17.8%), from €740,964 to €872,845
mainly Net result for the year (+€281,316) and Depreciation (+€105,245)
- Receivables within one year +€67,623
up €67,623 (+6.1%), from €1.1m to €1.2m
of which Other amounts receivable: +€48,887
- Tangible fixed assets +€36,941
up €36,941 (+15.5%), from €238,042 to €274,983
of which Furniture and vehicles: +€21,483
- Stocks and contracts -€33,144
down €33,144 (-8.0%), from €413,579 to €380,435
- Current investments +€30,297
up €30,297 (+13.1%), from €231,049 to €261,346
- Reserves +€281,316
up €281,316 (+14.5%), from €1.9m to €2.2m
of which Tax-exempt reserves: +€168,400
- Trade debts +€65,524
up €65,524 (+76.3%), from €85,825 to €151,349
- Tax, wage and social debts -€44,743
down €44,743 (-54.7%), from €81,821 to €37,078
of which Taxes: -€45,710
- Other debts -€35,811
down €35,811 (-9.0%), from €397,771 to €361,960
- Current portion of long-term debt -€33,334
no longer reported in 2025 (was €33,334)
- Staff costs +€44,231
up €44,231 (+25.2%), from €175,247 to €219,477
- Taxes -€41,606
down €41,606 (-31.6%), from €131,632 to €90,025
- Gross operating margin -€32,111
down €32,111 (-4.3%), from €746,253 to €714,142
- Financial charges +€21,220
up €21,220 (+165%), from €12,853 to €34,074
- Depreciation +€21,069
up €21,069 (+25.0%), from €84,176 to €105,245
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 | €2,762,704 | €2,995,738 | +€233,034 | +8.4% |
| Fixed assets | 21/28 | €248,135 | €279,682 | +€31,547 | +12.7% |
| Intangible fixed assets | 21 | €10,093 | €4,699 | -€5,394 | -53.4% |
| Tangible fixed assets | 22/27 | €238,042 | €274,983 | +€36,941 | +15.5% |
| Plant, machinery and equipment | 23 | €65,650 | €81,108 | +€15,458 | +23.5% |
| Furniture and vehicles | 24 | €172,392 | €193,875 | +€21,483 | +12.5% |
| Current assets | 29/58 | €2,514,569 | €2,716,056 | +€201,487 | +8.0% |
| Stocks and contracts in progress | 3 | €413,579 | €380,435 | -€33,144 | -8.0% |
| Stocks | 30/36 | €413,579 | €380,435 | -€33,144 | -8.0% |
| Amounts receivable within one year | 40/41 | €1,100,010 | €1,167,633 | +€67,623 | +6.1% |
| Trade receivables | 40 | €1,100,010 | €1,118,746 | +€18,736 | +1.7% |
| Other amounts receivable | 41 | - | €48,887 | +€48,887 | |
| Current investments | 50/53 | €231,049 | €261,346 | +€30,297 | +13.1% |
| Cash at bank and in hand | 54/58 | €740,964 | €872,845 | +€131,880 | +17.8% |
| Deferred charges and accrued income | 490/1 | €28,966 | €33,797 | +€4,831 | +16.7% |
| Total equity and liabilities | 10/49 | €2,762,704 | €2,995,738 | +€233,034 | +8.4% |
| Equity | 10/15 | €2,163,471 | €2,444,685 | +€281,214 | +13.0% |
| Contributions | 10/11 | €92,695 | €92,695 | = | 0.0% |
| Reserves | 13 | €1,935,731 | €2,217,048 | +€281,316 | +14.5% |
| Tax-exempt reserves | 132 | €583,073 | €751,473 | +€168,400 | +28.9% |
| Distributable reserves | 133 | €1,352,658 | €1,465,575 | +€112,916 | +8.3% |
| Profit (loss) carried forward | 14 | €134,831 | €134,831 | = | 0.0% |
| Investment grants | 15 | €214 | €111 | -€102 | -47.8% |
| Amounts payable | 17/49 | €599,233 | €551,053 | -€48,180 | -8.0% |
| Amounts payable within one year | 42/48 | €598,751 | €550,387 | -€48,364 | -8.1% |
| Current portion of amounts payable after more than one year | 42 | €33,334 | - | -€33,334 | |
| Trade debts | 44 | €85,825 | €151,349 | +€65,524 | +76.3% |
| Suppliers | 440/4 | €85,825 | €151,349 | +€65,524 | +76.3% |
| Taxes, remuneration and social security | 45 | €81,821 | €37,078 | -€44,743 | -54.7% |
| Taxes | 450/3 | €62,630 | €16,920 | -€45,710 | -73.0% |
| Remuneration and social security | 454/9 | €19,191 | €20,158 | +€967 | +5.0% |
| Other amounts payable | 47/48 | €397,771 | €361,960 | -€35,811 | -9.0% |
| Accrued charges and deferred income | 492/3 | €482 | €666 | +€183 | +38.0% |
| Remuneration, social security and pensions | 62 | €175,247 | €219,477 | +€44,231 | +25.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €84,176 | €105,245 | +€21,069 | +25.0% |
| Other operating charges | 640/8 | €18,761 | €9,084 | -€9,677 | -51.6% |
| Gross operating margin | 9900 | €746,253 | €714,142 | -€32,111 | -4.3% |
| Operating profit (loss) | 9901 | €468,069 | €380,336 | -€87,734 | -18.7% |
| Financial income | 75/76B | €6,767 | €25,080 | +€18,312 | +271% |
| Recurring financial income | 75 | €6,767 | €25,080 | +€18,312 | +271% |
| Financial charges | 65/66B | €12,853 | €34,074 | +€21,220 | +165% |
| Recurring financial charges | 65 | €12,853 | €34,074 | +€21,220 | +165% |
| Profit (loss) for the period before taxes | 9903 | €461,983 | €371,342 | -€90,642 | -19.6% |
| Income taxes | 67/77 | €131,632 | €90,025 | -€41,606 | -31.6% |
| Profit (loss) for the period | 9904 | €330,352 | €281,316 | -€49,035 | -14.8% |
| Transfer from tax-exempt reserves | 789 | €16,138 | - | -€16,138 | |
| Transfer to tax-exempt reserves | 689 | €147,350 | €168,400 | +€21,050 | +14.3% |
| Profit (loss) for the period to be appropriated | 9905 | €199,140 | €112,916 | -€86,223 | -43.3% |
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 21 October 2026 via checked.be.