SPOT GROUP: what changed
Two fiscal 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.
SPOT GROUP
Largest movements
- Receivables within one year -€150,920
down €150,920 (-41.0%), from €367,738 to €216,818
of which Other amounts receivable: -€218,302
- Financial fixed assets +€137,533
up €137,533 (+85.9%), from €160,186 to €297,719
- Stocks and contracts +€100,217
up €100,217 (+43.8%), from €228,630 to €328,847
- Cash +€82,649
up €82,649 (+315.3%), from €26,217 to €108,866
mainly Net result for the year (+€176,331) and Receivables within one year (+€150,920)
- Tangible fixed assets +€47,659
up €47,659 (+73.7%), from €64,647 to €112,306
of which Furniture and vehicles: +€38,999
- Reserves +€176,331
up €176,331 (+27.2%), from €647,404 to €823,734
- Trade debts +€46,682
up €46,682 (+146.0%), from €31,983 to €78,665
- Other debts -€32,527
down €32,527 (-73.7%), from €44,130 to €11,603
- Gross operating margin +€368,860
up €368,860 (+210.3%), from €175,415 to €544,275
- Staff costs +€114,462
up €114,462 (+75.9%), from €150,862 to €265,323
- Taxes +€75,861
up €75,861 (+1001.2%), from €7,577 to €83,438
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 | €866,102 | €1,073,998 | +€207,896 | +24.0% |
| Fixed assets | 21/28 | €228,745 | €417,310 | +€188,565 | +82.4% |
| Intangible fixed assets | 21 | €3,912 | €7,285 | +€3,373 | +86.2% |
| Tangible fixed assets | 22/27 | €64,647 | €112,306 | +€47,659 | +73.7% |
| Land and buildings | 22 | €48,822 | €44,751 | -€4,072 | -8.3% |
| Plant, machinery and equipment | 23 | €4,181 | €18,293 | +€14,112 | +337.5% |
| Furniture and vehicles | 24 | €3,780 | €42,779 | +€38,999 | +1031.8% |
| Other tangible fixed assets | 26 | €7,863 | €6,483 | -€1,381 | -17.6% |
| Financial fixed assets | 28 | €160,186 | €297,719 | +€137,533 | +85.9% |
| Current assets | 29/58 | €637,357 | €656,688 | +€19,331 | +3.0% |
| Stocks and contracts in progress | 3 | €228,630 | €328,847 | +€100,217 | +43.8% |
| Stocks | 30/36 | €228,630 | €328,847 | +€100,217 | +43.8% |
| Amounts receivable within one year | 40/41 | €367,738 | €216,818 | -€150,920 | -41.0% |
| Trade receivables | 40 | €138,567 | €205,950 | +€67,383 | +48.6% |
| Other amounts receivable | 41 | €229,171 | €10,868 | -€218,302 | -95.3% |
| Cash at bank and in hand | 54/58 | €26,217 | €108,866 | +€82,649 | +315.3% |
| Deferred charges and accrued income | 490/1 | €14,772 | €2,157 | -€12,615 | -85.4% |
| Total equity and liabilities | 10/49 | €866,102 | €1,073,998 | +€207,896 | +24.0% |
| Equity | 10/15 | €657,404 | €833,734 | +€176,331 | +26.8% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Outside capital | 11 | €10,000 | €10,000 | = | 0.0% |
| Other | 1109/19 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €647,404 | €823,734 | +€176,331 | +27.2% |
| Distributable reserves | 133 | €647,404 | €823,734 | +€176,331 | +27.2% |
| Amounts payable | 17/49 | €208,698 | €240,264 | +€31,566 | +15.1% |
| Amounts payable within one year | 42/48 | €197,205 | €224,845 | +€27,639 | +14.0% |
| Trade debts | 44 | €31,983 | €78,665 | +€46,682 | +146.0% |
| Suppliers | 440/4 | €31,983 | €78,665 | +€46,682 | +146.0% |
| Advances received on contracts in progress | 46 | - | €6,374 | +€6,374 | |
| Taxes, remuneration and social security | 45 | €121,092 | €128,202 | +€7,110 | +5.9% |
| Taxes | 450/3 | €78,134 | €61,324 | -€16,811 | -21.5% |
| Remuneration and social security | 454/9 | €42,958 | €66,879 | +€23,921 | +55.7% |
| Other amounts payable | 47/48 | €44,130 | €11,603 | -€32,527 | -73.7% |
| Accrued charges and deferred income | 492/3 | €11,493 | €15,420 | +€3,927 | +34.2% |
| Non-recurring operating income | 76A | €740 | - | -€740 | |
| Remuneration, social security and pensions | 62 | €150,862 | €265,323 | +€114,462 | +75.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,547 | €14,988 | +€5,441 | +57.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€258 | -€2,174 | -€1,916 | -741.9% |
| Other operating charges | 640/8 | €4,839 | €2,965 | -€1,874 | -38.7% |
| Non-recurring operating charges | 66A | €341 | €2,493 | +€2,152 | +631.4% |
| Gross operating margin | 9900 | €175,415 | €544,275 | +€368,860 | +210.3% |
| Operating profit (loss) | 9901 | €10,085 | €260,679 | +€250,594 | +2484.9% |
| Financial income | 75/76B | €1,624 | - | -€1,624 | |
| Recurring financial income | 75 | €1,624 | - | -€1,624 | |
| Financial charges | 65/66B | €673 | €911 | +€238 | +35.4% |
| Recurring financial charges | 65 | €673 | €911 | +€238 | +35.4% |
| Profit (loss) for the period before taxes | 9903 | €11,036 | €259,768 | +€248,733 | +2253.9% |
| Income taxes | 67/77 | €7,577 | €83,438 | +€75,861 | +1001.2% |
| Profit (loss) for the period | 9904 | €3,459 | €176,331 | +€172,872 | +4998.0% |
| Profit (loss) for the period to be appropriated | 9905 | €3,459 | €176,331 | +€172,872 | +4998.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.