Spoiano: 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.
Spoiano
Largest movements
- Tangible fixed assets +€873,976
up €873,976 (+142%), from €616,271 to €1.5m
- Current investments -€100,000
no longer reported in 2025 (was €100,000)
- Cash -€96,202
down €96,202 (-75.6%), from €127,256 to €31,054
mainly Investment in fixed assets (net) (-€1.0m) and Net result for the year (-€20,116)
- Debts after one year +€669,091
up €669,091 (+326%), from €205,000 to €874,091
of which Other amounts payable: +€689,091
- Current portion of long-term debt +€36,509
up €36,509 (+183%), from €20,000 to €56,509
- Reserves -€20,116
down €20,116 (-3.6%), from €559,435 to €539,319
- Depreciation +€110,029
up €110,029 (+346%), from €31,835 to €141,864
- Taxes -€32,084
no longer reported in 2025 (was €32,084)
- Gross operating margin -€5,032
down €5,032 (-3.5%), from €143,404 to €138,372
- Other operating charges +€2,377
up €2,377 (+26.9%), from €8,847 to €11,224
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 | €858,271 | €1,536,706 | +€678,436 | +79.0% |
| Fixed assets | 21/28 | €616,271 | €1,490,248 | +€873,976 | +142% |
| Tangible fixed assets | 22/27 | €616,271 | €1,490,248 | +€873,976 | +142% |
| Land and buildings | 22 | €616,271 | €1,490,248 | +€873,976 | +142% |
| Current assets | 29/58 | €242,000 | €46,459 | -€195,541 | -80.8% |
| Amounts receivable within one year | 40/41 | €12,340 | €15,220 | +€2,880 | +23.3% |
| Trade receivables | 40 | €12,340 | €14,246 | +€1,906 | +15.4% |
| Other amounts receivable | 41 | - | €974 | +€974 | |
| Current investments | 50/53 | €100,000 | - | -€100,000 | |
| Cash at bank and in hand | 54/58 | €127,256 | €31,054 | -€96,202 | -75.6% |
| Deferred charges and accrued income | 490/1 | €2,404 | €185 | -€2,219 | -92.3% |
| Total equity and liabilities | 10/49 | €858,271 | €1,536,706 | +€678,436 | +79.0% |
| Equity | 10/15 | €616,925 | €596,808 | -€20,116 | -3.3% |
| Contributions | 10/11 | €43,381 | €43,381 | = | 0.0% |
| Revaluation surpluses | 12 | €14,108 | €14,108 | = | 0.0% |
| Reserves | 13 | €559,435 | €539,319 | -€20,116 | -3.6% |
| Distributable reserves | 133 | €559,435 | €539,319 | -€20,116 | -3.6% |
| Amounts payable | 17/49 | €241,346 | €939,898 | +€698,552 | +289% |
| Amounts payable after more than one year | 17 | €205,000 | €874,091 | +€669,091 | +326% |
| Financial debts | 170/4 | €195,000 | €175,000 | -€20,000 | -10.3% |
| Other amounts payable | 178/9 | €10,000 | €699,091 | +€689,091 | +6,891% |
| Amounts payable within one year | 42/48 | €28,907 | €56,509 | +€27,603 | +95.5% |
| Current portion of amounts payable after more than one year | 42 | €20,000 | €56,509 | +€36,509 | +183% |
| Trade debts | 44 | €150 | - | -€150 | |
| Suppliers | 440/4 | €150 | - | -€150 | |
| Taxes, remuneration and social security | 45 | €6,955 | - | -€6,955 | |
| Taxes | 450/3 | €6,955 | - | -€6,955 | |
| Other amounts payable | 47/48 | €1,801 | - | -€1,801 | |
| Accrued charges and deferred income | 492/3 | €7,440 | €9,298 | +€1,858 | +25.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,835 | €141,864 | +€110,029 | +346% |
| Other operating charges | 640/8 | €8,847 | €11,224 | +€2,377 | +26.9% |
| Gross operating margin | 9900 | €143,404 | €138,372 | -€5,032 | -3.5% |
| Operating profit (loss) | 9901 | €102,722 | -€14,716 | -€117,438 | |
| Financial income | 75/76B | €3,762 | €3,248 | -€515 | -13.7% |
| Recurring financial income | 75 | €3,762 | €3,248 | -€515 | -13.7% |
| Financial charges | 65/66B | €8,874 | €8,648 | -€226 | -2.5% |
| Recurring financial charges | 65 | €8,874 | €8,648 | -€226 | -2.5% |
| Profit (loss) for the period before taxes | 9903 | €97,610 | -€20,116 | -€117,727 | |
| Income taxes | 67/77 | €32,084 | - | -€32,084 | |
| Profit (loss) for the period | 9904 | €65,526 | -€20,116 | -€85,643 | |
| Profit (loss) for the period to be appropriated | 9905 | €65,526 | -€20,116 | -€85,643 |
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 31 October 2026 via checked.be.