S.P.B.L.: 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.
S.P.B.L.
Largest movements
- Deferred charges and accrued income -€8,099
down €8,099 (-42.9%), from €18,869 to €10,770
- Debts after one year -€11,582
down €11,582 (-4.9%), from €238,345 to €226,763
- Gross operating margin +€1,914
up €1,914 (+32.9%), from €5,824 to €7,738
- Financial charges +€956
up €956 (+6.7%), from €14,322 to €15,278
- Financial income +€956
up €956 (+9.7%), from €9,815 to €10,770
- Other operating charges +€339
up €339 (+23.1%), from €1,470 to €1,809
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €210,933 | €201,587 | -€9,346 | -4.4% |
| Fixed assets | 21/28 | €22,075 | €22,075 | = | 0.0% |
| Tangible fixed assets | 22/27 | €22,075 | €22,075 | = | 0.0% |
| Land and buildings | 22 | €17,675 | €17,675 | = | 0.0% |
| Furniture and vehicles | 24 | €4,400 | €4,400 | = | 0.0% |
| Current assets | 29/58 | €188,858 | €179,512 | -€9,346 | -4.9% |
| Amounts receivable within one year | 40/41 | €169,989 | €168,742 | -€1,248 | -0.7% |
| Other amounts receivable | 41 | €169,989 | €168,742 | -€1,248 | -0.7% |
| Deferred charges and accrued income | 490/1 | €18,869 | €10,770 | -€8,099 | -42.9% |
| Total equity and liabilities | 10/49 | €210,933 | €201,587 | -€9,346 | -4.4% |
| Equity | 10/15 | -€45,150 | -€43,730 | +€1,421 | +3.1% |
| Contributions | 10/11 | €17,550 | €17,550 | = | 0.0% |
| Reserves | 13 | €154,963 | €154,963 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €41,903 | €41,903 | = | 0.0% |
| Distributable reserves | 133 | €111,200 | €111,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€217,663 | -€216,242 | +€1,421 | +0.7% |
| Amounts payable | 17/49 | €256,084 | €245,317 | -€10,767 | -4.2% |
| Amounts payable after more than one year | 17 | €238,345 | €226,763 | -€11,582 | -4.9% |
| Financial debts | 170/4 | €238,345 | €226,763 | -€11,582 | -4.9% |
| Amounts payable within one year | 42/48 | €17,739 | €18,554 | +€814 | +4.6% |
| Current portion of amounts payable after more than one year | 42 | €10,931 | €11,582 | +€650 | +5.9% |
| Financial debts | 43 | €4,727 | €4,626 | -€102 | -2.1% |
| Credit institutions | 430/8 | €4,727 | €4,626 | -€102 | -2.1% |
| Trade debts | 44 | €2,080 | €2,346 | +€266 | +12.8% |
| Suppliers | 440/4 | €2,080 | €2,346 | +€266 | +12.8% |
| Other operating charges | 640/8 | €1,470 | €1,809 | +€339 | +23.1% |
| Gross operating margin | 9900 | €5,824 | €7,738 | +€1,914 | +32.9% |
| Operating profit (loss) | 9901 | €4,354 | €5,928 | +€1,575 | +36.2% |
| Financial income | 75/76B | €9,815 | €10,770 | +€956 | +9.7% |
| Recurring financial income | 75 | €9,815 | €10,770 | +€956 | +9.7% |
| Financial charges | 65/66B | €14,322 | €15,278 | +€956 | +6.7% |
| Recurring financial charges | 65 | €14,322 | €15,278 | +€956 | +6.7% |
| Profit (loss) for the period before taxes | 9903 | -€153 | €1,421 | +€1,574 | |
| Profit (loss) for the period | 9904 | -€153 | €1,421 | +€1,574 | |
| Profit (loss) for the period to be appropriated | 9905 | -€153 | €1,421 | +€1,574 |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.