CSPC: 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.
CSPC
Largest movements
- Cash -€15,666
down €15,666 (-43.0%), from €36,440 to €20,774
mainly Contributions, distributions and other (-€19,120) and Receivables within one year (-€6,751)
- Receivables within one year +€6,751
up €6,751 (+190.6%), from €3,542 to €10,293
of which Trade receivables: +€5,600
- Tangible fixed assets -€2,385
down €2,385 (-9.5%), from €25,154 to €22,769
of which Furniture and vehicles: -€5,189
- Deferred charges and accrued income +€2,158
up €2,158 (+5608.9%), from €38 to €2,197
- Reserves -€10,000
down €10,000 (-45.6%), from €21,928 to €11,928
- Other debts +€6,455
up €6,455 (+94.5%), from €6,833 to €13,288
- Debts after one year -€5,140
down €5,140 (-45.2%), from €11,367 to €6,226
- Tax, wage and social debts -€2,729
down €2,729 (-38.6%), from €7,080 to €4,351
- Trade debts +€1,514
up €1,514 (+240.5%), from €630 to €2,144
- Gross operating margin -€9,471
down €9,471 (-31.9%), from €29,722 to €20,252
- Taxes -€2,168
down €2,168 (-49.8%), from €4,351 to €2,182
- Depreciation +€495
up €495 (+7.3%), from €6,744 to €7,240
- Financial charges -€325
down €325 (-27.8%), from €1,167 to €842
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 | €77,262 | €67,370 | -€9,892 | -12.8% |
| Fixed assets | 21/28 | €25,154 | €22,769 | -€2,385 | -9.5% |
| Tangible fixed assets | 22/27 | €25,154 | €22,769 | -€2,385 | -9.5% |
| Land and buildings | 22 | €6,363 | €10,421 | +€4,057 | +63.8% |
| Plant, machinery and equipment | 23 | €3,109 | €1,856 | -€1,253 | -40.3% |
| Furniture and vehicles | 24 | €15,682 | €10,492 | -€5,189 | -33.1% |
| Current assets | 29/58 | €52,108 | €44,601 | -€7,507 | -14.4% |
| Stocks and contracts in progress | 3 | €12,087 | €11,336 | -€751 | -6.2% |
| Stocks | 30/36 | €12,087 | €11,336 | -€751 | -6.2% |
| Amounts receivable within one year | 40/41 | €3,542 | €10,293 | +€6,751 | +190.6% |
| Trade receivables | 40 | €2,706 | €8,305 | +€5,600 | +207.0% |
| Other amounts receivable | 41 | €836 | €1,988 | +€1,152 | +137.7% |
| Cash at bank and in hand | 54/58 | €36,440 | €20,774 | -€15,666 | -43.0% |
| Deferred charges and accrued income | 490/1 | €38 | €2,197 | +€2,158 | +5608.9% |
| Total equity and liabilities | 10/49 | €77,262 | €67,370 | -€9,892 | -12.8% |
| Equity | 10/15 | €45,928 | €35,928 | -€10,000 | -21.8% |
| Contributions | 10/11 | €24,000 | €24,000 | = | 0.0% |
| Reserves | 13 | €21,928 | €11,928 | -€10,000 | -45.6% |
| Distributable reserves | 133 | €21,928 | €11,928 | -€10,000 | -45.6% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €31,334 | €31,442 | +€108 | +0.3% |
| Amounts payable after more than one year | 17 | €11,367 | €6,226 | -€5,140 | -45.2% |
| Financial debts | 170/4 | €11,367 | €6,226 | -€5,140 | -45.2% |
| Amounts payable within one year | 42/48 | €19,508 | €24,923 | +€5,415 | +27.8% |
| Current portion of amounts payable after more than one year | 42 | €4,965 | €5,140 | +€175 | +3.5% |
| Trade debts | 44 | €630 | €2,144 | +€1,514 | +240.5% |
| Suppliers | 440/4 | €630 | €2,144 | +€1,514 | +240.5% |
| Taxes, remuneration and social security | 45 | €7,080 | €4,351 | -€2,729 | -38.6% |
| Taxes | 450/3 | €7,080 | €4,351 | -€2,729 | -38.6% |
| Other amounts payable | 47/48 | €6,833 | €13,288 | +€6,455 | +94.5% |
| Accrued charges and deferred income | 492/3 | €459 | €292 | -€167 | -36.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,744 | €7,240 | +€495 | +7.3% |
| Other operating charges | 640/8 | €851 | €868 | +€17 | +2.0% |
| Gross operating margin | 9900 | €29,722 | €20,252 | -€9,471 | -31.9% |
| Operating profit (loss) | 9901 | €22,127 | €12,144 | -€9,982 | -45.1% |
| Financial income | 75/76B | €0 | €0 | +€0 | +200.0% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +200.0% |
| Financial charges | 65/66B | €1,167 | €842 | -€325 | -27.8% |
| Recurring financial charges | 65 | €1,167 | €842 | -€325 | -27.8% |
| Profit (loss) for the period before taxes | 9903 | €20,960 | €11,302 | -€9,658 | -46.1% |
| Income taxes | 67/77 | €4,351 | €2,182 | -€2,168 | -49.8% |
| Profit (loss) for the period | 9904 | €16,609 | €9,120 | -€7,489 | -45.1% |
| Profit (loss) for the period to be appropriated | 9905 | €16,609 | €9,120 | -€7,489 | -45.1% |
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 12 October 2026 via checked.be.