S.P.S.: 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.
What changed
S.P.S.
NACE 70.200, Business and other management consultancy
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€7,945
2024 · €8,016-€70
Equity
€3.0m
2024 · €3.0m+€7,945
Cash
€26,110
2024 · €15,684+€10,426
Balance sheet total
€6.0m
2024 · €6.0m+€43,738
Largest movements
Assets
- Receivables within one year +€74,250
up €74,250 (+2.9%), from €2.5m to €2.6m
of which Other amounts receivable: +€157,266
Equity and liabilities
No liability line moved by more than 1% of the balance sheet total.
Income statement
- Staff costs +€16,785
up €16,785 (+8.9%), from €189,635 to €206,419
- Gross operating margin +€11,789
up €11,789 (+4.6%), from €256,115 to €267,903
- Depreciation -€6,162
down €6,162 (-11.6%), from €53,056 to €46,893
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.
Result 2024
€8,016
Gross operating margin
+€11,789
Staff costs
-€16,785
Depreciation
+€6,162
Other operating charges
-€226
Other operating items
+€250
Financial income
-€18
Financial charges
+€700
Taxes
-€1,943
Result 2025
€7,945
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€16,636
Investment
-€6,210
Financing
€0
Cash 2024
€15,684
From operations (derived)
+€16,636
Net result for the year
+€7,945
Depreciation
+€46,893
Receivables within one year
-€74,250
Deferred charges and accrued income
+€254
Trade debts
-€7,257
Tax, wage and social debts
+€6,199
Other debts
+€33,641
Accrued charges and deferred income
+€3,208
Investment (derived)
-€6,210
Investment in fixed assets (net)
-€6,210
Cash 2025
€26,110
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,959,711 | €6,003,449 | +€43,738 | +0.7% |
| Fixed assets | 21/28 | €3,416,593 | €3,375,909 | -€40,684 | -1.2% |
| Tangible fixed assets | 22/27 | €355,978 | €315,294 | -€40,684 | -11.4% |
| Land and buildings | 22 | €316,576 | €284,727 | -€31,849 | -10.1% |
| Plant, machinery and equipment | 23 | €22,207 | €15,761 | -€6,445 | -29.0% |
| Furniture and vehicles | 24 | €7,355 | €4,965 | -€2,390 | -32.5% |
| Other tangible fixed assets | 26 | €9,840 | €9,840 | = | 0.0% |
| Financial fixed assets | 28 | €3,060,615 | €3,060,615 | = | 0.0% |
| Current assets | 29/58 | €2,543,119 | €2,627,540 | +€84,422 | +3.3% |
| Amounts receivable within one year | 40/41 | €2,523,851 | €2,598,101 | +€74,250 | +2.9% |
| Trade receivables | 40 | €84,141 | €1,125 | -€83,016 | -98.7% |
| Other amounts receivable | 41 | €2,439,709 | €2,596,976 | +€157,266 | +6.4% |
| Cash at bank and in hand | 54/58 | €15,684 | €26,110 | +€10,426 | +66.5% |
| Deferred charges and accrued income | 490/1 | €3,584 | €3,330 | -€254 | -7.1% |
| Total equity and liabilities | 10/49 | €5,959,711 | €6,003,449 | +€43,738 | +0.7% |
| Equity | 10/15 | €2,987,035 | €2,994,980 | +€7,945 | +0.3% |
| Contributions | 10/11 | €314,000 | €314,000 | = | 0.0% |
| Capital | 10 | €314,000 | €314,000 | = | 0.0% |
| Issued capital | 100 | €314,000 | €314,000 | = | 0.0% |
| Reserves | 13 | €2,795,895 | €2,795,895 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €2,770,945 | €2,770,945 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€122,861 | -€114,915 | +€7,945 | +6.5% |
| Amounts payable | 17/49 | €2,972,677 | €3,008,469 | +€35,793 | +1.2% |
| Amounts payable after more than one year | 17 | €910,966 | €910,966 | = | 0.0% |
| Financial debts | 170/4 | €910,966 | €910,966 | = | 0.0% |
| Amounts payable within one year | 42/48 | €2,060,010 | €2,092,594 | +€32,584 | +1.6% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €18,709 | €11,452 | -€7,257 | -38.8% |
| Suppliers | 440/4 | €18,709 | €11,452 | -€7,257 | -38.8% |
| Taxes, remuneration and social security | 45 | €35,566 | €41,766 | +€6,199 | +17.4% |
| Taxes | 450/3 | €4,840 | €6,308 | +€1,467 | +30.3% |
| Remuneration and social security | 454/9 | €30,726 | €35,458 | +€4,732 | +15.4% |
| Other amounts payable | 47/48 | €2,005,735 | €2,039,376 | +€33,641 | +1.7% |
| Accrued charges and deferred income | 492/3 | €1,700 | €4,908 | +€3,208 | +189% |
| Non-recurring operating income | 76A | - | €2,752 | +€2,752 | |
| Remuneration, social security and pensions | 62 | €189,635 | €206,419 | +€16,785 | +8.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €53,056 | €46,893 | -€6,162 | -11.6% |
| Other operating charges | 640/8 | €4,355 | €4,581 | +€226 | +5.2% |
| Non-recurring operating charges | 66A | €250 | €0 | -€250 | -100% |
| Gross operating margin | 9900 | €256,115 | €267,903 | +€11,789 | +4.6% |
| Operating profit (loss) | 9901 | €8,820 | €10,010 | +€1,190 | +13.5% |
| Financial income | 75/76B | €18 | €0 | -€18 | -99.9% |
| Recurring financial income | 75 | €18 | €0 | -€18 | -99.9% |
| Financial charges | 65/66B | €822 | €122 | -€700 | -85.2% |
| Recurring financial charges | 65 | €822 | €122 | -€700 | -85.2% |
| Profit (loss) for the period before taxes | 9903 | €8,016 | €9,888 | +€1,872 | +23.4% |
| Income taxes | 67/77 | €0 | €1,943 | +€1,943 | |
| Profit (loss) for the period | 9904 | €8,016 | €7,945 | -€70 | -0.9% |
| Profit (loss) for the period to be appropriated | 9905 | €8,016 | €7,945 | -€70 | -0.9% |
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 27 October 2026 via checked.be.