SP: 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.
SP
Largest movements
- Receivables within one year +€21,905
up €21,905 (+23.9%), from €91,649 to €113,555
of which Other amounts receivable: +€16,083
- Tangible fixed assets -€6,708
down €6,708 (-100.0%), from €6,708 to €0
- Deferred charges and accrued income +€1,541
up €1,541 (+117.0%), from €1,317 to €2,858
- Reserves +€37,681
up €37,681 (+599.7%), from €6,284 to €43,965
- Profit (loss) carried forward -€26,169
no longer reported in 2025 (was €26,169)
- Tax, wage and social debts +€15,027
up €15,027 (+89.5%), from €16,793 to €31,820
of which Remuneration and social security: +€13,168
- Trade debts -€10,378
down €10,378 (-20.0%), from €51,957 to €41,579
of which Suppliers: -€10,378
- Gross operating margin +€16,803
up €16,803 (+68.6%), from €24,498 to €41,301
- Staff costs +€11,516
up €11,516 (+101.5%), from €11,348 to €22,864
- Depreciation -€4,641
down €4,641 (-80.8%), from €5,742 to €1,100
- Taxes +€2,547
up €2,547 (+113.6%), from €2,243 to €4,790
- Other operating charges -€2,140
down €2,140 (-64.6%), from €3,315 to €1,175
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 | €101,204 | €117,365 | +€16,161 | +16.0% |
| Fixed assets | 21/28 | €6,708 | €0 | -€6,708 | -100.0% |
| Tangible fixed assets | 22/27 | €6,708 | €0 | -€6,708 | -100.0% |
| Furniture and vehicles | 24 | €6,708 | €0 | -€6,708 | -100.0% |
| Current assets | 29/58 | €94,495 | €117,365 | +€22,870 | +24.2% |
| Amounts receivable within one year | 40/41 | €91,649 | €113,555 | +€21,905 | +23.9% |
| Trade receivables | 40 | €81,684 | €87,507 | +€5,822 | +7.1% |
| Other amounts receivable | 41 | €9,965 | €26,048 | +€16,083 | +161.4% |
| Cash at bank and in hand | 54/58 | €1,528 | €952 | -€577 | -37.7% |
| Deferred charges and accrued income | 490/1 | €1,317 | €2,858 | +€1,541 | +117.0% |
| Total equity and liabilities | 10/49 | €101,204 | €117,365 | +€16,161 | +16.0% |
| Equity | 10/15 | €32,454 | €43,966 | +€11,512 | +35.5% |
| Contributions | 10/11 | €1 | €1 | = | 0.0% |
| Reserves | 13 | €6,284 | €43,965 | +€37,681 | +599.7% |
| Distributable reserves | 133 | €6,284 | €43,965 | +€37,681 | +599.7% |
| Profit (loss) carried forward | 14 | €26,169 | - | -€26,169 | |
| Amounts payable | 17/49 | €68,749 | €73,399 | +€4,649 | +6.8% |
| Amounts payable within one year | 42/48 | €68,749 | €73,399 | +€4,649 | +6.8% |
| Trade debts | 44 | €51,957 | €41,579 | -€10,378 | -20.0% |
| Suppliers | 440/4 | €46,908 | €36,530 | -€10,378 | -22.1% |
| Bills of exchange payable | 441 | €5,049 | €5,049 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €16,793 | €31,820 | +€15,027 | +89.5% |
| Taxes | 450/3 | €16,364 | €18,224 | +€1,860 | +11.4% |
| Remuneration and social security | 454/9 | €429 | €13,596 | +€13,168 | +3071.8% |
| Remuneration, social security and pensions | 62 | €11,348 | €22,864 | +€11,516 | +101.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,742 | €1,100 | -€4,641 | -80.8% |
| Other operating charges | 640/8 | €3,315 | €1,175 | -€2,140 | -64.6% |
| Non-recurring operating charges | 66A | - | €236 | +€236 | |
| Gross operating margin | 9900 | €24,498 | €41,301 | +€16,803 | +68.6% |
| Operating profit (loss) | 9901 | €4,093 | €15,925 | +€11,832 | +289.1% |
| Financial income | 75/76B | €303 | €1,224 | +€921 | +304.4% |
| Recurring financial income | 75 | €303 | €1,224 | +€921 | +304.4% |
| Financial charges | 65/66B | €102 | €847 | +€746 | +733.6% |
| Recurring financial charges | 65 | €102 | €847 | +€746 | +733.6% |
| Profit (loss) for the period before taxes | 9903 | €4,294 | €16,302 | +€12,008 | +279.6% |
| Income taxes | 67/77 | €2,243 | €4,790 | +€2,547 | +113.6% |
| Profit (loss) for the period | 9904 | €2,051 | €11,512 | +€9,461 | +461.2% |
| Profit (loss) for the period to be appropriated | 9905 | €2,051 | €11,512 | +€9,461 | +461.2% |
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 7 October 2026 via checked.be.