SPOTTS: 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.
SPOTTS
Largest movements
- Financial fixed assets -€7.3m
down €7.3m (-70.1%), from €10.4m to €3.1m
- Cash +€7.2m
up €7.2m (+3622.2%), from €199,885 to €7.4m
mainly Investment in fixed assets (net) (+€7.3m) and Net result for the year (+€3.7m)
- Receivables within one year +€3.9m
up €3.9m (+2474.2%), from €159,640 to €4.1m
of which Other amounts receivable: +€4.0m
- Profit (loss) carried forward +€3.7m
up €3.7m (+492.2%), from €754,987 to €4.5m
- Other debts +€1.3m
up €1.3m (+393.1%), from €331,612 to €1.6m
- Debts after one year -€606,179
down €606,179 (-10.0%), from €6.1m to €5.5m
- Current portion of long-term debt -€581,486
down €581,486 (-26.5%), from €2.2m to €1.6m
- Financial income +€3.2m
up €3.2m (+3018.7%), from €105,640 to €3.3m
of which Non-recurring financial income: +€2.4m
- Gross operating margin +€228,715
up €228,715 (+29.3%), from €780,396 to €1.0m
- Taxes +€86,495
up €86,495 (+81.5%), from €106,132 to €192,628
- Financial charges +€30,978
up €30,978 (+8.6%), from €360,636 to €391,614
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.
Cash bridge derived
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 | €10,774,968 | €14,675,749 | +€3.9m | +36.2% |
| Fixed assets | 21/28 | €10,403,613 | €3,112,454 | -€7.3m | -70.1% |
| Intangible fixed assets | 21 | €3,213 | €4,454 | +€1,241 | +38.6% |
| Financial fixed assets | 28 | €10,400,400 | €3,108,000 | -€7.3m | -70.1% |
| Current assets | 29/58 | €371,355 | €11,563,295 | +€11.2m | +3013.8% |
| Amounts receivable within one year | 40/41 | €159,640 | €4,109,403 | +€3.9m | +2474.2% |
| Trade receivables | 40 | €60,000 | €35,054 | -€24,946 | -41.6% |
| Other amounts receivable | 41 | €99,640 | €4,074,349 | +€4.0m | +3989.1% |
| Cash at bank and in hand | 54/58 | €199,885 | €7,440,019 | +€7.2m | +3622.2% |
| Deferred charges and accrued income | 490/1 | €11,830 | €13,872 | +€2,042 | +17.3% |
| Total equity and liabilities | 10/49 | €10,774,968 | €14,675,749 | +€3.9m | +36.2% |
| Equity | 10/15 | €1,820,142 | €5,536,266 | +€3.7m | +204.2% |
| Contributions | 10/11 | €1,060,000 | €1,060,000 | = | 0.0% |
| Reserves | 13 | €5,155 | €5,155 | = | 0.0% |
| Distributable reserves | 133 | €5,155 | €5,155 | = | 0.0% |
| Profit (loss) carried forward | 14 | €754,987 | €4,471,111 | +€3.7m | +492.2% |
| Amounts payable | 17/49 | €8,954,826 | €9,139,483 | +€184,657 | +2.1% |
| Amounts payable after more than one year | 17 | €6,084,127 | €5,477,948 | -€606,179 | -10.0% |
| Financial debts | 170/4 | €6,084,127 | €5,477,948 | -€606,179 | -10.0% |
| Amounts payable within one year | 42/48 | €2,770,422 | €3,565,017 | +€794,596 | +28.7% |
| Current portion of amounts payable after more than one year | 42 | €2,196,991 | €1,615,505 | -€581,486 | -26.5% |
| Financial debts | 43 | €167,372 | €75,190 | -€92,182 | -55.1% |
| Credit institutions | 430/8 | €167,372 | €75,190 | -€92,182 | -55.1% |
| Trade debts | 44 | €39 | €26,972 | +€26,933 | +68865.6% |
| Suppliers | 440/4 | €39 | €26,972 | +€26,933 | +68865.6% |
| Taxes, remuneration and social security | 45 | €74,408 | €212,209 | +€137,801 | +185.2% |
| Taxes | 450/3 | €74,408 | €212,209 | +€137,801 | +185.2% |
| Other amounts payable | 47/48 | €331,612 | €1,635,141 | +€1.3m | +393.1% |
| Accrued charges and deferred income | 492/3 | €100,278 | €96,517 | -€3,761 | -3.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €182 | €2,155 | +€1,972 | +1080.9% |
| Other operating charges | 640/8 | €684 | €1,144 | +€459 | +67.1% |
| Gross operating margin | 9900 | €780,396 | €1,009,111 | +€228,715 | +29.3% |
| Operating profit (loss) | 9901 | €779,529 | €1,005,813 | +€226,284 | +29.0% |
| Financial income | 75/76B | €105,640 | €3,294,552 | +€3.2m | +3018.7% |
| Recurring financial income | 75 | €105,640 | €889,980 | +€784,340 | +742.5% |
| Non-recurring financial income | 76B | - | €2,404,572 | +€2.4m | |
| Financial charges | 65/66B | €360,636 | €391,614 | +€30,978 | +8.6% |
| Recurring financial charges | 65 | €360,636 | €391,614 | +€30,978 | +8.6% |
| Profit (loss) for the period before taxes | 9903 | €524,533 | €3,908,752 | +€3.4m | +645.2% |
| Income taxes | 67/77 | €106,132 | €192,628 | +€86,495 | +81.5% |
| Profit (loss) for the period | 9904 | €418,400 | €3,716,124 | +€3.3m | +788.2% |
| Profit (loss) for the period to be appropriated | 9905 | €418,400 | €3,716,124 | +€3.3m | +788.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.