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 +€14,910
up €14,910 (+16.7%), from €89,307 to €104,216
of which Trade receivables: +€17,317
- Cash -€1,634
down €1,634 (-13.2%), from €12,368 to €10,733
mainly Receivables within one year (-€14,910) and Investment in fixed assets (net) (-€4,993)
- Profit (loss) carried forward +€5,886
up €5,886 (+57.5%), from €10,241 to €16,127
- Tax, wage and social debts +€5,499
up €5,499 (+9.7%), from €56,854 to €62,354
of which Taxes: +€4,556
- Trade debts +€1,958
up €1,958 (+25.5%), from €7,674 to €9,632
- Gross operating margin -€126,306
down €126,306 (-75.3%), from €167,660 to €41,354
- Turnover -€82,498
down €82,498 (-21.0%), from €392,821 to €310,324
- Financial income +€53,511
up €53,511 (+1008.2%), from €5,308 to €58,818
of which Financial income: +€53,511
- Staff costs -€50,601
down €50,601 (-48.5%), from €104,352 to €53,751
- Purchases and services +€43,808
up €43,808 (+19.5%), from €225,161 to €268,970
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €144,230 | €157,573 | +€13,343 | +9.3% |
| Fixed assets | 21/28 | €42,555 | €42,623 | +€68 | +0.2% |
| Tangible fixed assets | 22/27 | €8,430 | €8,498 | +€68 | +0.8% |
| Furniture and vehicles | 24 | €8,430 | €8,498 | +€68 | +0.8% |
| Financial fixed assets | 28 | €34,125 | €34,125 | = | 0.0% |
| Current assets | 29/58 | €101,674 | €114,950 | +€13,275 | +13.1% |
| Amounts receivable within one year | 40/41 | €89,307 | €104,216 | +€14,910 | +16.7% |
| Trade receivables | 40 | €27,610 | €44,927 | +€17,317 | +62.7% |
| Other amounts receivable | 41 | €61,697 | €59,290 | -€2,407 | -3.9% |
| Cash at bank and in hand | 54/58 | €12,368 | €10,733 | -€1,634 | -13.2% |
| Total equity and liabilities | 10/49 | €144,230 | €157,573 | +€13,343 | +9.3% |
| Equity | 10/15 | €30,701 | €36,587 | +€5,886 | +19.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Share premium | 1100/10 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €10,241 | €16,127 | +€5,886 | +57.5% |
| Amounts payable | 17/49 | €113,528 | €120,986 | +€7,457 | +6.6% |
| Amounts payable after more than one year | 17 | €24,000 | €24,000 | = | 0.0% |
| Other amounts payable | 178/9 | €24,000 | €24,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €89,528 | €96,986 | +€7,457 | +8.3% |
| Current portion of amounts payable after more than one year | 42 | €25,000 | €25,000 | = | 0.0% |
| Trade debts | 44 | €7,674 | €9,632 | +€1,958 | +25.5% |
| Suppliers | 440/4 | €7,674 | €9,632 | +€1,958 | +25.5% |
| Taxes, remuneration and social security | 45 | €56,854 | €62,354 | +€5,499 | +9.7% |
| Taxes | 450/3 | €52,595 | €57,151 | +€4,556 | +8.7% |
| Remuneration and social security | 454/9 | €4,259 | €5,202 | +€943 | +22.1% |
| Turnover | 70 | €392,821 | €310,324 | -€82,498 | -21.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €225,161 | €268,970 | +€43,808 | +19.5% |
| Remuneration, social security and pensions | 62 | €104,352 | €53,751 | -€50,601 | -48.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,025 | €4,925 | +€900 | +22.4% |
| Other operating charges | 640/8 | €34,706 | €27,655 | -€7,051 | -20.3% |
| Gross operating margin | 9900 | €167,660 | €41,354 | -€126,306 | -75.3% |
| Operating profit (loss) | 9901 | €24,577 | -€44,977 | -€69,554 | |
| Financial income | 75/76B | €5,308 | €58,818 | +€53,511 | +1008.2% |
| Recurring financial income | 75 | €5,308 | €58,818 | +€53,511 | +1008.2% |
| Non-recurring financial income | 76B | €5,308 | €58,818 | +€53,511 | +1008.2% |
| Financial charges | 65/66B | €6,794 | €3,810 | -€2,984 | -43.9% |
| Recurring financial charges | 65 | €6,625 | €3,809 | -€2,816 | -42.5% |
| Non-recurring financial charges | 66B | €169 | €1 | -€168 | -99.4% |
| Profit (loss) for the period before taxes | 9903 | €23,091 | €10,032 | -€13,060 | -56.6% |
| Income taxes | 67/77 | €6,500 | €4,146 | -€2,354 | -36.2% |
| Profit (loss) for the period | 9904 | €16,591 | €5,886 | -€10,705 | -64.5% |
| Profit (loss) for the period to be appropriated | 9905 | €16,591 | €5,886 | -€10,705 | -64.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.