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
- Financial fixed assets +€300,000
new in 2025: €300,000
- Receivables within one year -€69,305
down €69,305 (-59.8%), from €115,952 to €46,648
of which Trade receivables: -€69,701
- Cash +€26,725
up €26,725 (+4442.7%), from €602 to €27,326
mainly Debts after one year (+€219,289) and Receivables within one year (+€69,305)
- Debts after one year +€219,289
new in 2025: €219,289
- Current portion of long-term debt +€34,209
new in 2025: €34,209
- Profit (loss) carried forward +€24,680
up €24,680 (+65.3%), from €37,809 to €62,489
- Trade debts -€22,545
down €22,545 (-32.5%), from €69,436 to €46,890
- Financial charges +€2,178
up €2,178 (+2491.2%), from €87 to €2,265
- Taxes +€1,417
up €1,417 (+20.8%), from €6,809 to €8,227
- Gross operating margin +€1,204
up €1,204 (+3.5%), from €34,583 to €35,786
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 | €116,554 | €373,974 | +€257,420 | +220.9% |
| Fixed assets | 21/28 | - | €300,000 | +€300,000 | |
| Financial fixed assets | 28 | - | €300,000 | +€300,000 | |
| Current assets | 29/58 | €116,554 | €73,974 | -€42,580 | -36.5% |
| Amounts receivable within one year | 40/41 | €115,952 | €46,648 | -€69,305 | -59.8% |
| Trade receivables | 40 | €115,904 | €46,203 | -€69,701 | -60.1% |
| Other amounts receivable | 41 | €48 | €445 | +€396 | +819.3% |
| Cash at bank and in hand | 54/58 | €602 | €27,326 | +€26,725 | +4442.7% |
| Total equity and liabilities | 10/49 | €116,554 | €373,974 | +€257,420 | +220.9% |
| Equity | 10/15 | €40,309 | €64,989 | +€24,680 | +61.2% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €37,809 | €62,489 | +€24,680 | +65.3% |
| Amounts payable | 17/49 | €76,245 | €308,985 | +€232,740 | +305.3% |
| Amounts payable after more than one year | 17 | - | €219,289 | +€219,289 | |
| Financial debts | 170/4 | - | €219,289 | +€219,289 | |
| Amounts payable within one year | 42/48 | €76,245 | €89,325 | +€13,080 | +17.2% |
| Current portion of amounts payable after more than one year | 42 | - | €34,209 | +€34,209 | |
| Trade debts | 44 | €69,436 | €46,890 | -€22,545 | -32.5% |
| Suppliers | 440/4 | €69,436 | €46,890 | -€22,545 | -32.5% |
| Taxes, remuneration and social security | 45 | €6,809 | €8,227 | +€1,417 | +20.8% |
| Taxes | 450/3 | €6,809 | €8,227 | +€1,417 | +20.8% |
| Accrued charges and deferred income | 492/3 | - | €371 | +€371 | |
| Other operating charges | 640/8 | €448 | €614 | +€166 | +37.1% |
| Gross operating margin | 9900 | €34,583 | €35,786 | +€1,204 | +3.5% |
| Operating profit (loss) | 9901 | €34,135 | €35,172 | +€1,037 | +3.0% |
| Financial charges | 65/66B | €87 | €2,265 | +€2,178 | +2491.2% |
| Recurring financial charges | 65 | €87 | €2,265 | +€2,178 | +2491.2% |
| Profit (loss) for the period before taxes | 9903 | €34,047 | €32,907 | -€1,140 | -3.3% |
| Income taxes | 67/77 | €6,809 | €8,227 | +€1,417 | +20.8% |
| Profit (loss) for the period | 9904 | €27,238 | €24,680 | -€2,558 | -9.4% |
| Profit (loss) for the period to be appropriated | 9905 | €27,238 | €24,680 | -€2,558 | -9.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.