SPOETNIK11: 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.
SPOETNIK11
Largest movements
- Cash -€72,011
down €72,011 (-21.4%), from €336,777 to €264,766
mainly Investment in fixed assets (net) (-€70,194) and Net result for the year (-€30,459)
- Tangible fixed assets +€49,152
up €49,152 (+35.4%), from €138,824 to €187,976
of which Furniture and vehicles: +€53,675
- Receivables within one year -€12,698
down €12,698 (-17.3%), from €73,505 to €60,807
of which Trade receivables: -€10,000
- Profit (loss) carried forward -€30,459
down €30,459 (-6.9%), from €440,153 to €409,694
- Financial income -€20,637
no longer reported in 2026 (was €20,637)
- Depreciation +€16,838
up €16,838 (+400%), from €4,205 to €21,042
- Other operating charges -€1,519
down €1,519 (-44.4%), from €3,421 to €1,901
- Gross operating margin -€987
down €987 (-15.3%), from -€6,439 to -€7,426
- Financial charges -€771
down €771 (-89.6%), from €860 to €89
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €551,156 | €516,776 | -€34,380 | -6.2% |
| Fixed assets | 21/28 | €139,874 | €189,026 | +€49,152 | +35.1% |
| Tangible fixed assets | 22/27 | €138,824 | €187,976 | +€49,152 | +35.4% |
| Land and buildings | 22 | €136,757 | €132,468 | -€4,290 | -3.1% |
| Furniture and vehicles | 24 | €1,132 | €54,807 | +€53,675 | +4,741% |
| Other tangible fixed assets | 26 | €934 | €701 | -€234 | -25.0% |
| Financial fixed assets | 28 | €1,051 | €1,051 | = | 0.0% |
| Current assets | 29/58 | €411,282 | €327,750 | -€83,532 | -20.3% |
| Amounts receivable within one year | 40/41 | €73,505 | €60,807 | -€12,698 | -17.3% |
| Trade receivables | 40 | €70,142 | €60,142 | -€10,000 | -14.3% |
| Other amounts receivable | 41 | €3,363 | €665 | -€2,698 | -80.2% |
| Current investments | 50/53 | €1,000 | €1,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €336,777 | €264,766 | -€72,011 | -21.4% |
| Deferred charges and accrued income | 490/1 | - | €1,177 | +€1,177 | |
| Total equity and liabilities | 10/49 | €551,156 | €516,776 | -€34,380 | -6.2% |
| Equity | 10/15 | €535,613 | €505,154 | -€30,459 | -5.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €76,860 | €76,860 | = | 0.0% |
| Distributable reserves | 133 | €76,860 | €76,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €440,153 | €409,694 | -€30,459 | -6.9% |
| Amounts payable | 17/49 | €15,543 | €11,622 | -€3,921 | -25.2% |
| Amounts payable within one year | 42/48 | €15,543 | €11,622 | -€3,921 | -25.2% |
| Financial debts | 43 | €38 | - | -€38 | |
| Credit institutions | 430/8 | €38 | - | -€38 | |
| Trade debts | 44 | €14,856 | €10,149 | -€4,707 | -31.7% |
| Suppliers | 440/4 | €14,856 | €10,149 | -€4,707 | -31.7% |
| Taxes, remuneration and social security | 45 | €649 | €294 | -€355 | -54.7% |
| Taxes | 450/3 | €649 | €294 | -€355 | -54.7% |
| Other amounts payable | 47/48 | - | €1,179 | +€1,179 | |
| Non-recurring operating income | 76A | €711 | - | -€711 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,205 | €21,042 | +€16,838 | +400% |
| Other operating charges | 640/8 | €3,421 | €1,901 | -€1,519 | -44.4% |
| Gross operating margin | 9900 | -€6,439 | -€7,426 | -€987 | -15.3% |
| Operating profit (loss) | 9901 | -€14,064 | -€30,370 | -€16,306 | -116% |
| Financial income | 75/76B | €20,637 | - | -€20,637 | |
| Recurring financial income | 75 | €20,637 | - | -€20,637 | |
| Financial charges | 65/66B | €860 | €89 | -€771 | -89.6% |
| Recurring financial charges | 65 | €860 | €89 | -€771 | -89.6% |
| Profit (loss) for the period before taxes | 9903 | €5,713 | -€30,459 | -€36,172 | |
| Profit (loss) for the period | 9904 | €5,713 | -€30,459 | -€36,172 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,713 | -€30,459 | -€36,172 |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.