S & P Consult: 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 Consult
Largest movements
- Cash -€252,971
down €252,971 (-93.3%), from €271,242 to €18,271
mainly Investment in fixed assets (net) (-€239,358) and Receivables within one year (-€23,338)
- Tangible fixed assets +€228,652
up €228,652 (+204%), from €112,046 to €340,699
of which Land and buildings: +€229,971
- Receivables within one year +€23,338
up €23,338 (+138%), from €16,878 to €40,216
of which Other amounts receivable: +€25,614
- Debts after one year -€11,726
down €11,726 (-4.1%), from €284,727 to €273,001
- Profit (loss) carried forward +€8,789
up €8,789 (+17.8%), from -€49,302 to -€40,513
- Depreciation +€8,766
up €8,766 (+391%), from €2,240 to €11,006
- Financial charges +€7,674
up €7,674 (+196%), from €3,907 to €11,581
- Gross operating margin +€4,306
up €4,306 (+15.8%), from €27,218 to €31,524
- Other operating charges -€351
down €351 (-52.3%), from €671 to €320
- Financial income +€347
up €347 (+396%), from €88 to €435
of which Financial income: +€350
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 | €402,775 | €400,575 | -€2,200 | -0.5% |
| Fixed assets | 21/28 | €112,842 | €341,194 | +€228,352 | +202% |
| Intangible fixed assets | 21 | €367 | €67 | -€300 | -81.7% |
| Tangible fixed assets | 22/27 | €112,046 | €340,699 | +€228,652 | +204% |
| Land and buildings | 22 | €108,697 | €338,668 | +€229,971 | +212% |
| Plant, machinery and equipment | 23 | €2,276 | €1,437 | -€839 | -36.9% |
| Furniture and vehicles | 24 | €1,073 | €594 | -€480 | -44.7% |
| Financial fixed assets | 28 | €428 | €428 | = | 0.0% |
| Current assets | 29/58 | €289,933 | €59,381 | -€230,553 | -79.5% |
| Amounts receivable within one year | 40/41 | €16,878 | €40,216 | +€23,338 | +138% |
| Trade receivables | 40 | €5,737 | €3,461 | -€2,276 | -39.7% |
| Other amounts receivable | 41 | €11,141 | €36,755 | +€25,614 | +230% |
| Cash at bank and in hand | 54/58 | €271,242 | €18,271 | -€252,971 | -93.3% |
| Deferred charges and accrued income | 490/1 | €1,813 | €894 | -€919 | -50.7% |
| Total equity and liabilities | 10/49 | €402,775 | €400,575 | -€2,200 | -0.5% |
| Equity | 10/15 | -€31,102 | -€22,313 | +€8,789 | +28.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €12,000 | €12,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €100 | €100 | = | 0.0% |
| Reserves not available under the articles | 1311 | €100 | €100 | = | 0.0% |
| Distributable reserves | 133 | €11,900 | €11,900 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€49,302 | -€40,513 | +€8,789 | +17.8% |
| Amounts payable | 17/49 | €433,877 | €422,888 | -€10,989 | -2.5% |
| Amounts payable after more than one year | 17 | €284,727 | €273,001 | -€11,726 | -4.1% |
| Financial debts | 170/4 | €284,727 | €273,001 | -€11,726 | -4.1% |
| Amounts payable within one year | 42/48 | €149,150 | €149,887 | +€737 | +0.5% |
| Current portion of amounts payable after more than one year | 42 | €11,273 | €11,726 | +€453 | +4.0% |
| Trade debts | 44 | €4,320 | €3,690 | -€631 | -14.6% |
| Suppliers | 440/4 | €4,320 | €3,690 | -€631 | -14.6% |
| Taxes, remuneration and social security | 45 | €3,818 | €3,134 | -€684 | -17.9% |
| Taxes | 450/3 | €2,333 | €1,684 | -€649 | -27.8% |
| Remuneration and social security | 454/9 | €1,485 | €1,450 | -€35 | -2.4% |
| Other amounts payable | 47/48 | €129,739 | €131,338 | +€1,598 | +1.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,240 | €11,006 | +€8,766 | +391% |
| Other operating charges | 640/8 | €671 | €320 | -€351 | -52.3% |
| Gross operating margin | 9900 | €27,218 | €31,524 | +€4,306 | +15.8% |
| Operating profit (loss) | 9901 | €24,307 | €20,198 | -€4,108 | -16.9% |
| Financial income | 75/76B | €88 | €435 | +€347 | +396% |
| Recurring financial income | 75 | €85 | €435 | +€350 | +411% |
| Non-recurring financial income | 76B | €3 | €0 | -€3 | -100% |
| Financial charges | 65/66B | €3,907 | €11,581 | +€7,674 | +196% |
| Recurring financial charges | 65 | €3,907 | €11,581 | +€7,674 | +196% |
| Profit (loss) for the period before taxes | 9903 | €20,487 | €9,052 | -€11,435 | -55.8% |
| Income taxes | 67/77 | €244 | €263 | +€20 | +8.1% |
| Profit (loss) for the period | 9904 | €20,244 | €8,789 | -€11,455 | -56.6% |
| Profit (loss) for the period to be appropriated | 9905 | €20,244 | €8,789 | -€11,455 | -56.6% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.