GROUP SP: 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.
GROUP SP
Largest movements
- Cash +€63,780
up €63,780 (+372.3%), from €17,130 to €80,910
mainly Depreciation (+€33,425) and Other debts (+€31,059)
- Tangible fixed assets -€31,469
down €31,469 (-26.2%), from €120,005 to €88,536
of which Plant, machinery and equipment: -€16,206
- Stocks and contracts -€23,600
down €23,600 (-58.9%), from €40,100 to €16,500
of which Stocks: -€15,100
- Receivables within one year -€6,577
down €6,577 (-81.4%), from €8,084 to €1,508
of which Other amounts receivable: -€6,229
- Other debts +€31,059
up €31,059 (+218.0%), from €14,250 to €45,310
- Debts after one year -€30,210
down €30,210 (-42.5%), from €71,149 to €40,939
- Reserves -€14,192
down €14,192 (-34.8%), from €40,772 to €26,580
- Tax, wage and social debts +€12,578
up €12,578 (+76.1%), from €16,532 to €29,111
of which Remuneration and social security: +€6,994
- Trade debts +€3,015
up €3,015 (+52.2%), from €5,781 to €8,797
- Gross operating margin +€47,073
up €47,073 (+57.2%), from €82,290 to €129,363
- Staff costs +€10,815
up €10,815 (+26.5%), from €40,792 to €51,607
- Taxes +€6,568
up €6,568 (+255.2%), from €2,573 to €9,141
- Depreciation +€4,198
up €4,198 (+14.4%), from €29,227 to €33,425
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 | €185,534 | €187,745 | +€2,211 | +1.2% |
| Fixed assets | 21/28 | €120,005 | €88,536 | -€31,469 | -26.2% |
| Tangible fixed assets | 22/27 | €120,005 | €88,536 | -€31,469 | -26.2% |
| Land and buildings | 22 | €1,648 | €1,128 | -€521 | -31.6% |
| Plant, machinery and equipment | 23 | €60,445 | €44,239 | -€16,206 | -26.8% |
| Furniture and vehicles | 24 | €57,911 | €43,169 | -€14,742 | -25.5% |
| Current assets | 29/58 | €65,530 | €99,210 | +€33,680 | +51.4% |
| Stocks and contracts in progress | 3 | €40,100 | €16,500 | -€23,600 | -58.9% |
| Stocks | 30/36 | €25,600 | €10,500 | -€15,100 | -59.0% |
| Contracts in progress | 37 | €14,500 | €6,000 | -€8,500 | -58.6% |
| Amounts receivable within one year | 40/41 | €8,084 | €1,508 | -€6,577 | -81.4% |
| Trade receivables | 40 | €1,402 | €1,054 | -€348 | -24.8% |
| Other amounts receivable | 41 | €6,683 | €454 | -€6,229 | -93.2% |
| Cash at bank and in hand | 54/58 | €17,130 | €80,910 | +€63,780 | +372.3% |
| Deferred charges and accrued income | 490/1 | €215 | €293 | +€77 | +35.8% |
| Total equity and liabilities | 10/49 | €185,534 | €187,745 | +€2,211 | +1.2% |
| Equity | 10/15 | €46,772 | €32,580 | -€14,192 | -30.3% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €40,772 | €26,580 | -€14,192 | -34.8% |
| Distributable reserves | 133 | €40,772 | €26,580 | -€14,192 | -34.8% |
| Amounts payable | 17/49 | €138,762 | €155,166 | +€16,403 | +11.8% |
| Amounts payable after more than one year | 17 | €71,149 | €40,939 | -€30,210 | -42.5% |
| Financial debts | 170/4 | €71,149 | €40,939 | -€30,210 | -42.5% |
| Amounts payable within one year | 42/48 | €67,613 | €114,226 | +€46,613 | +68.9% |
| Current portion of amounts payable after more than one year | 42 | €30,053 | €31,009 | +€956 | +3.2% |
| Trade debts | 44 | €5,781 | €8,797 | +€3,015 | +52.2% |
| Suppliers | 440/4 | €5,781 | €8,797 | +€3,015 | +52.2% |
| Advances received on contracts in progress | 46 | €996 | - | -€996 | |
| Taxes, remuneration and social security | 45 | €16,532 | €29,111 | +€12,578 | +76.1% |
| Taxes | 450/3 | €12,008 | €17,592 | +€5,585 | +46.5% |
| Remuneration and social security | 454/9 | €4,525 | €11,518 | +€6,994 | +154.6% |
| Other amounts payable | 47/48 | €14,250 | €45,310 | +€31,059 | +218.0% |
| Non-recurring operating income | 76A | €3,635 | - | -€3,635 | |
| Remuneration, social security and pensions | 62 | €40,792 | €51,607 | +€10,815 | +26.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,227 | €33,425 | +€4,198 | +14.4% |
| Other operating charges | 640/8 | €977 | €1,209 | +€232 | +23.7% |
| Gross operating margin | 9900 | €82,290 | €129,363 | +€47,073 | +57.2% |
| Operating profit (loss) | 9901 | €11,295 | €43,123 | +€31,828 | +281.8% |
| Financial income | 75/76B | €39 | €21 | -€19 | -47.8% |
| Recurring financial income | 75 | €39 | €21 | -€19 | -47.8% |
| Financial charges | 65/66B | €2,709 | €3,194 | +€486 | +17.9% |
| Recurring financial charges | 65 | €2,709 | €3,194 | +€486 | +17.9% |
| Profit (loss) for the period before taxes | 9903 | €8,625 | €39,949 | +€31,323 | +363.2% |
| Income taxes | 67/77 | €2,573 | €9,141 | +€6,568 | +255.2% |
| Profit (loss) for the period | 9904 | €6,052 | €30,808 | +€24,755 | +409.0% |
| Profit (loss) for the period to be appropriated | 9905 | €6,052 | €30,808 | +€24,755 | +409.0% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.