S&P Constructions: 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.
S&P Constructions
Largest movements
- Deferred charges and accrued income +€22,206
up €22,206 (+14638.7%), from €152 to €22,357
- Receivables within one year +€10,987
up €10,987 (+33.0%), from €33,247 to €44,234
of which Other amounts receivable: +€17,320
- Tangible fixed assets -€9,034
no longer reported in 2025 (was €9,034)
of which Plant, machinery and equipment: -€4,856
- Cash +€4,206
up €4,206 (+9694.1%), from €43 to €4,250
mainly Trade debts (+€24,666) and Investment in fixed assets (net) (+€9,084)
- Trade debts +€24,666
up €24,666 (+269.9%), from €9,139 to €33,804
- Reserves +€3,117
up €3,117 (+24.6%), from €12,651 to €15,768
of which Distributable reserves: +€3,117
- Accrued charges and deferred income +€1,920
new in 2025: €1,920
- Tax, wage and social debts -€1,388
down €1,388 (-64.9%), from €2,137 to €750
of which Remuneration and social security: -€1,500
- Gross operating margin +€6,343
up €6,343 (+53.6%), from €11,842 to €18,185
- Financial charges +€6,209
up €6,209 (+483.4%), from €1,285 to €7,493
- Staff costs -€5,285
down €5,285 (-92.7%), from €5,702 to €417
- Other operating charges +€4,271
up €4,271 (+155.3%), from €2,750 to €7,021
- Depreciation -€3,318
no longer reported in 2025 (was €3,318)
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 | €42,527 | €70,841 | +€28,315 | +66.6% |
| Fixed assets | 21/28 | €9,084 | - | -€9,084 | |
| Tangible fixed assets | 22/27 | €9,034 | - | -€9,034 | |
| Plant, machinery and equipment | 23 | €4,856 | - | -€4,856 | |
| Furniture and vehicles | 24 | €4,178 | - | -€4,178 | |
| Financial fixed assets | 28 | €50 | - | -€50 | |
| Current assets | 29/58 | €33,442 | €70,841 | +€37,399 | +111.8% |
| Amounts receivable within one year | 40/41 | €33,247 | €44,234 | +€10,987 | +33.0% |
| Trade receivables | 40 | €17,557 | €11,224 | -€6,333 | -36.1% |
| Other amounts receivable | 41 | €15,690 | €33,010 | +€17,320 | +110.4% |
| Cash at bank and in hand | 54/58 | €43 | €4,250 | +€4,206 | +9694.1% |
| Deferred charges and accrued income | 490/1 | €152 | €22,357 | +€22,206 | +14638.7% |
| Total equity and liabilities | 10/49 | €42,527 | €70,841 | +€28,315 | +66.6% |
| Equity | 10/15 | €31,251 | €34,368 | +€3,117 | +10.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €12,651 | €15,768 | +€3,117 | +24.6% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €10,791 | €13,908 | +€3,117 | +28.9% |
| Amounts payable | 17/49 | €11,276 | €36,474 | +€25,198 | +223.5% |
| Amounts payable within one year | 42/48 | €11,276 | €34,554 | +€23,278 | +206.4% |
| Trade debts | 44 | €9,139 | €33,804 | +€24,666 | +269.9% |
| Suppliers | 440/4 | €9,139 | €33,804 | +€24,666 | +269.9% |
| Taxes, remuneration and social security | 45 | €2,137 | €750 | -€1,388 | -64.9% |
| Taxes | 450/3 | €637 | €750 | +€112 | +17.6% |
| Remuneration and social security | 454/9 | €1,500 | - | -€1,500 | |
| Accrued charges and deferred income | 492/3 | - | €1,920 | +€1,920 | |
| Remuneration, social security and pensions | 62 | €5,702 | €417 | -€5,285 | -92.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,318 | - | -€3,318 | |
| Other operating charges | 640/8 | €2,750 | €7,021 | +€4,271 | +155.3% |
| Gross operating margin | 9900 | €11,842 | €18,185 | +€6,343 | +53.6% |
| Operating profit (loss) | 9901 | €73 | €10,748 | +€10,675 | +14595.2% |
| Financial income | 75/76B | €636 | €3 | -€633 | -99.5% |
| Recurring financial income | 75 | €636 | €3 | -€633 | -99.5% |
| Financial charges | 65/66B | €1,285 | €7,493 | +€6,209 | +483.4% |
| Recurring financial charges | 65 | €1,285 | €7,493 | +€6,209 | +483.4% |
| Profit (loss) for the period before taxes | 9903 | -€575 | €3,258 | +€3,833 | |
| Income taxes | 67/77 | €128 | €141 | +€13 | +10.0% |
| Profit (loss) for the period | 9904 | -€703 | €3,117 | +€3,820 | |
| Profit (loss) for the period to be appropriated | 9905 | -€703 | €3,117 | +€3,820 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.