SPURS INVEST: 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.
SPURS INVEST
Largest movements
- Receivables within one year -€727,437
down €727,437 (-77.9%), from €933,528 to €206,091
of which Other amounts receivable: -€801,135
- Cash +€77,894
up €77,894 (+155%), from €50,173 to €128,067
mainly Receivables within one year (+€727,437) and Contributions, distributions and other (+€400,000)
- Intangible fixed assets -€53,705
down €53,705 (-20.2%), from €266,396 to €212,691
- Tangible fixed assets +€17,160
up €17,160 (+68.9%), from €24,898 to €42,058
of which Furniture and vehicles: +€18,091
- Financial fixed assets +€15,882
new in 2025: €15,882
- Trade debts -€735,806
down €735,806 (-62.1%), from €1.2m to €449,644
- Profit (loss) carried forward -€431,233
down €431,233 (-96.6%), from -€446,265 to -€877,498
- Contributions +€400,000
up €400,000 (+80.0%), from €500,000 to €900,000
- Tax, wage and social debts +€57,300
up €57,300 (+343%), from €16,715 to €74,015
of which Remuneration and social security: +€69,383
- Accrued charges and deferred income +€41,661
up €41,661 (+189%), from €22,008 to €63,669
- Gross operating margin +€448,843
up €448,843 (+76.1%), from €589,710 to €1.0m
- Staff costs +€359,449
up €359,449 (+35.2%), from €1.0m to €1.4m
- Depreciation +€59,592
up €59,592 (+882%), from €6,759 to €66,350
- Financial charges +€13,180
up €13,180 (+217%), from €6,068 to €19,249
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 | €1,277,908 | €609,830 | -€668,078 | -52.3% |
| Fixed assets | 21/28 | €291,294 | €270,631 | -€20,664 | -7.1% |
| Intangible fixed assets | 21 | €266,396 | €212,691 | -€53,705 | -20.2% |
| Tangible fixed assets | 22/27 | €24,898 | €42,058 | +€17,160 | +68.9% |
| Plant, machinery and equipment | 23 | €20,433 | €19,502 | -€932 | -4.6% |
| Furniture and vehicles | 24 | €4,465 | €22,556 | +€18,091 | +405% |
| Financial fixed assets | 28 | - | €15,882 | +€15,882 | |
| Current assets | 29/58 | €986,614 | €339,199 | -€647,415 | -65.6% |
| Amounts receivable within one year | 40/41 | €933,528 | €206,091 | -€727,437 | -77.9% |
| Trade receivables | 40 | €39,908 | €113,605 | +€73,697 | +185% |
| Other amounts receivable | 41 | €893,621 | €92,486 | -€801,135 | -89.7% |
| Current investments | 50/53 | €2,628 | €5,042 | +€2,414 | +91.9% |
| Cash at bank and in hand | 54/58 | €50,173 | €128,067 | +€77,894 | +155% |
| Deferred charges and accrued income | 490/1 | €286 | €0 | -€286 | -100% |
| Total equity and liabilities | 10/49 | €1,277,908 | €609,830 | -€668,078 | -52.3% |
| Equity | 10/15 | €53,735 | €22,502 | -€31,233 | -58.1% |
| Contributions | 10/11 | €500,000 | €900,000 | +€400,000 | +80.0% |
| Profit (loss) carried forward | 14 | -€446,265 | -€877,498 | -€431,233 | -96.6% |
| Amounts payable | 17/49 | €1,224,174 | €587,328 | -€636,845 | -52.0% |
| Amounts payable within one year | 42/48 | €1,202,165 | €523,660 | -€678,506 | -56.4% |
| Trade debts | 44 | €1,185,450 | €449,644 | -€735,806 | -62.1% |
| Suppliers | 440/4 | €1,185,450 | €449,644 | -€735,806 | -62.1% |
| Taxes, remuneration and social security | 45 | €16,715 | €74,015 | +€57,300 | +343% |
| Taxes | 450/3 | €16,715 | €4,632 | -€12,083 | -72.3% |
| Remuneration and social security | 454/9 | - | €69,383 | +€69,383 | |
| Accrued charges and deferred income | 492/3 | €22,008 | €63,669 | +€41,661 | +189% |
| Remuneration, social security and pensions | 62 | €1,020,066 | €1,379,516 | +€359,449 | +35.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,759 | €66,350 | +€59,592 | +882% |
| Other operating charges | 640/8 | €2,108 | €2,049 | -€60 | -2.8% |
| Non-recurring operating charges | 66A | - | €168 | +€168 | |
| Gross operating margin | 9900 | €589,710 | €1,038,553 | +€448,843 | +76.1% |
| Operating profit (loss) | 9901 | -€439,224 | -€409,530 | +€29,693 | +6.8% |
| Financial income | 75/76B | €26 | €18 | -€9 | -33.3% |
| Recurring financial income | 75 | €26 | €18 | -€9 | -33.3% |
| Financial charges | 65/66B | €6,068 | €19,249 | +€13,180 | +217% |
| Recurring financial charges | 65 | €6,068 | €19,249 | +€13,180 | +217% |
| Profit (loss) for the period before taxes | 9903 | -€445,265 | -€428,761 | +€16,504 | +3.7% |
| Income taxes | 67/77 | €1,000 | €2,472 | +€1,472 | +147% |
| Profit (loss) for the period | 9904 | -€446,265 | -€431,233 | +€15,032 | +3.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€446,265 | -€431,233 | +€15,032 | +3.4% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.