SPOORMANS MARC: 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.
SPOORMANS MARC
Largest movements
- Current investments +€48,502
up €48,502 (+65.7%), from €73,779 to €122,281
- Cash -€8,867
down €8,867 (-6.6%), from €134,318 to €125,451
mainly Current investments (-€48,502) and Contributions, distributions and other (-€35,714)
- Tangible fixed assets -€8,129
down €8,129 (-14.5%), from €56,107 to €47,978
of which Land and buildings: -€5,160
- Receivables within one year -€5,008
down €5,008 (-28.1%), from €17,803 to €12,795
of which Other amounts receivable: -€5,623
- Receivables after one year -€3,750
down €3,750 (-25.0%), from €15,000 to €11,250
- Other debts +€19,001
up €19,001 (+113.7%), from €16,713 to €35,714
- Reserves +€9,321
up €9,321 (+3.6%), from €258,765 to €268,086
- Tax, wage and social debts -€5,406
down €5,406 (-32.6%), from €16,577 to €11,171
of which Taxes: -€6,113
- Gross operating margin -€8,281
down €8,281 (-5.4%), from €152,187 to €143,906
- Staff costs +€6,760
up €6,760 (+13.5%), from €49,936 to €56,696
- Taxes -€5,018
down €5,018 (-21.1%), from €23,757 to €18,739
- Depreciation +€4,094
up €4,094 (+24.4%), from €16,794 to €20,888
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.
Cash bridge derived
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 | €312,678 | €335,775 | +€23,098 | +7.4% |
| Fixed assets | 21/28 | €56,183 | €48,054 | -€8,129 | -14.5% |
| Tangible fixed assets | 22/27 | €56,107 | €47,978 | -€8,129 | -14.5% |
| Land and buildings | 22 | €15,358 | €10,198 | -€5,160 | -33.6% |
| Plant, machinery and equipment | 23 | €18,967 | €14,971 | -€3,995 | -21.1% |
| Furniture and vehicles | 24 | €21,783 | €22,809 | +€1,026 | +4.7% |
| Financial fixed assets | 28 | €75 | €75 | = | 0.0% |
| Current assets | 29/58 | €256,495 | €287,721 | +€31,227 | +12.2% |
| Amounts receivable after more than one year | 29 | €15,000 | €11,250 | -€3,750 | -25.0% |
| Other amounts receivable | 291 | €15,000 | €11,250 | -€3,750 | -25.0% |
| Amounts receivable within one year | 40/41 | €17,803 | €12,795 | -€5,008 | -28.1% |
| Trade receivables | 40 | - | €615 | +€615 | |
| Other amounts receivable | 41 | €17,803 | €12,179 | -€5,623 | -31.6% |
| Current investments | 50/53 | €73,779 | €122,281 | +€48,502 | +65.7% |
| Cash at bank and in hand | 54/58 | €134,318 | €125,451 | -€8,867 | -6.6% |
| Deferred charges and accrued income | 490/1 | €15,595 | €15,944 | +€349 | +2.2% |
| Total equity and liabilities | 10/49 | €312,678 | €335,775 | +€23,098 | +7.4% |
| Equity | 10/15 | €277,357 | €286,678 | +€9,321 | +3.4% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €258,765 | €268,086 | +€9,321 | +3.6% |
| Distributable reserves | 133 | €258,765 | €268,086 | +€9,321 | +3.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €35,321 | €49,098 | +€13,777 | +39.0% |
| Amounts payable within one year | 42/48 | €35,178 | €48,952 | +€13,774 | +39.2% |
| Trade debts | 44 | €1,888 | €2,066 | +€179 | +9.5% |
| Suppliers | 440/4 | €1,888 | €2,066 | +€179 | +9.5% |
| Taxes, remuneration and social security | 45 | €16,577 | €11,171 | -€5,406 | -32.6% |
| Taxes | 450/3 | €8,544 | €2,430 | -€6,113 | -71.6% |
| Remuneration and social security | 454/9 | €8,033 | €8,740 | +€707 | +8.8% |
| Other amounts payable | 47/48 | €16,713 | €35,714 | +€19,001 | +113.7% |
| Accrued charges and deferred income | 492/3 | €143 | €146 | +€3 | +2.1% |
| Remuneration, social security and pensions | 62 | €49,936 | €56,696 | +€6,760 | +13.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,794 | €20,888 | +€4,094 | +24.4% |
| Other operating charges | 640/8 | €1,591 | €1,800 | +€209 | +13.1% |
| Gross operating margin | 9900 | €152,187 | €143,906 | -€8,281 | -5.4% |
| Operating profit (loss) | 9901 | €83,866 | €64,522 | -€19,344 | -23.1% |
| Financial income | 75/76B | €1,861 | €1,899 | +€38 | +2.1% |
| Recurring financial income | 75 | €1,861 | €1,899 | +€38 | +2.1% |
| Financial charges | 65/66B | €3,084 | €2,647 | -€436 | -14.1% |
| Recurring financial charges | 65 | €3,084 | €2,647 | -€436 | -14.1% |
| Profit (loss) for the period before taxes | 9903 | €82,644 | €63,774 | -€18,869 | -22.8% |
| Income taxes | 67/77 | €23,757 | €18,739 | -€5,018 | -21.1% |
| Profit (loss) for the period | 9904 | €58,887 | €45,035 | -€13,851 | -23.5% |
| Profit (loss) for the period to be appropriated | 9905 | €58,887 | €45,035 | -€13,851 | -23.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.