S-pertise: 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-pertise
Largest movements
- Cash -€38,204
down €38,204 (-21.1%), from €181,413 to €143,209
mainly Receivables within one year (-€18,141) and Other debts (-€14,589)
- Receivables within one year +€18,141
up €18,141 (+246%), from €7,364 to €25,506
of which Trade receivables: +€18,392
- Other debts -€14,589
down €14,589 (-58.9%), from €24,786 to €10,197
- Profit (loss) carried forward -€3,826
new in 2025: -€3,826
- Gross operating margin -€14,088
down €14,088, from €12,091 to -€1,998
- Financial charges -€3,061
down €3,061 (-94.3%), from €3,244 to €183
- Taxes -€2,385
down €2,385 (-90.5%), from €2,636 to €251
- Other operating charges -€353
down €353 (-20.2%), from €1,747 to €1,394
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 | €188,777 | €168,715 | -€20,062 | -10.6% |
| Current assets | 29/58 | €188,777 | €168,715 | -€20,062 | -10.6% |
| Amounts receivable within one year | 40/41 | €7,364 | €25,506 | +€18,141 | +246% |
| Trade receivables | 40 | - | €18,392 | +€18,392 | |
| Other amounts receivable | 41 | €7,364 | €7,114 | -€251 | -3.4% |
| Cash at bank and in hand | 54/58 | €181,413 | €143,209 | -€38,204 | -21.1% |
| Total equity and liabilities | 10/49 | €188,777 | €168,715 | -€20,062 | -10.6% |
| Equity | 10/15 | €158,470 | €154,644 | -€3,826 | -2.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €152,270 | €152,270 | = | 0.0% |
| Distributable reserves | 133 | €152,270 | €152,270 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€3,826 | -€3,826 | |
| Amounts payable | 17/49 | €30,307 | €14,071 | -€16,236 | -53.6% |
| Amounts payable within one year | 42/48 | €29,981 | €14,071 | -€15,910 | -53.1% |
| Trade debts | 44 | €117 | €421 | +€304 | +260% |
| Suppliers | 440/4 | €117 | €421 | +€304 | +260% |
| Taxes, remuneration and social security | 45 | €5,079 | €3,453 | -€1,626 | -32.0% |
| Taxes | 450/3 | €5,079 | €3,453 | -€1,626 | -32.0% |
| Other amounts payable | 47/48 | €24,786 | €10,197 | -€14,589 | -58.9% |
| Accrued charges and deferred income | 492/3 | €326 | €0 | -€326 | -100% |
| Other operating charges | 640/8 | €1,747 | €1,394 | -€353 | -20.2% |
| Gross operating margin | 9900 | €12,091 | -€1,998 | -€14,088 | |
| Operating profit (loss) | 9901 | €10,344 | -€3,392 | -€13,736 | |
| Financial charges | 65/66B | €3,244 | €183 | -€3,061 | -94.3% |
| Recurring financial charges | 65 | €3,244 | €183 | -€3,061 | -94.3% |
| Profit (loss) for the period before taxes | 9903 | €7,100 | -€3,575 | -€10,675 | |
| Income taxes | 67/77 | €2,636 | €251 | -€2,385 | -90.5% |
| Profit (loss) for the period | 9904 | €4,464 | -€3,826 | -€8,290 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,464 | -€3,826 | -€8,290 |
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 16 October 2026 via checked.be.