SP Accountancy: 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.
SP Accountancy
Largest movements
- Current investments +€217,000
up €217,000 (+217%), from €100,000 to €317,000
- Cash -€67,078
down €67,078 (-98.3%), from €68,237 to €1,160
mainly Current investments (-€217,000) and Receivables within one year (-€10,951)
- Tangible fixed assets -€25,812
down €25,812 (-30.9%), from €83,477 to €57,665
of which Furniture and vehicles: -€20,867
- Receivables within one year +€10,951
up €10,951 (+27.4%), from €40,009 to €50,959
of which Trade receivables: +€9,678
- Reserves +€146,365
up €146,365 (+59.4%), from €246,561 to €392,926
- Other debts -€8,287
down €8,287 (-36.6%), from €22,648 to €14,361
- Gross operating margin +€21,491
up €21,491 (+10.1%), from €212,662 to €234,153
- Staff costs +€17,590
new in 2025: €17,590
- Taxes -€11,969
down €11,969 (-21.4%), from €56,005 to €44,036
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 | €299,644 | €437,193 | +€137,549 | +45.9% |
| Fixed assets | 21/28 | €83,487 | €57,675 | -€25,812 | -30.9% |
| Tangible fixed assets | 22/27 | €83,477 | €57,665 | -€25,812 | -30.9% |
| Furniture and vehicles | 24 | €66,557 | €45,690 | -€20,867 | -31.4% |
| Other tangible fixed assets | 26 | €16,920 | €11,975 | -€4,945 | -29.2% |
| Financial fixed assets | 28 | €10 | €10 | = | 0.0% |
| Current assets | 29/58 | €216,157 | €379,518 | +€163,361 | +75.6% |
| Amounts receivable within one year | 40/41 | €40,009 | €50,959 | +€10,951 | +27.4% |
| Trade receivables | 40 | €40,009 | €49,687 | +€9,678 | +24.2% |
| Other amounts receivable | 41 | - | €1,273 | +€1,273 | |
| Current investments | 50/53 | €100,000 | €317,000 | +€217,000 | +217% |
| Cash at bank and in hand | 54/58 | €68,237 | €1,160 | -€67,078 | -98.3% |
| Deferred charges and accrued income | 490/1 | €7,911 | €10,399 | +€2,488 | +31.4% |
| Total equity and liabilities | 10/49 | €299,644 | €437,193 | +€137,549 | +45.9% |
| Equity | 10/15 | €251,561 | €397,926 | +€146,365 | +58.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €246,561 | €392,926 | +€146,365 | +59.4% |
| Distributable reserves | 133 | €246,561 | €392,926 | +€146,365 | +59.4% |
| Amounts payable | 17/49 | €48,083 | €39,267 | -€8,817 | -18.3% |
| Amounts payable within one year | 42/48 | €48,083 | €39,267 | -€8,817 | -18.3% |
| Trade debts | 44 | €1,781 | €1,551 | -€230 | -12.9% |
| Suppliers | 440/4 | €1,781 | €1,551 | -€230 | -12.9% |
| Taxes, remuneration and social security | 45 | €23,654 | €23,354 | -€299 | -1.3% |
| Taxes | 450/3 | €23,654 | €19,305 | -€4,349 | -18.4% |
| Remuneration and social security | 454/9 | - | €4,049 | +€4,049 | |
| Other amounts payable | 47/48 | €22,648 | €14,361 | -€8,287 | -36.6% |
| Remuneration, social security and pensions | 62 | - | €17,590 | +€17,590 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,544 | €25,812 | +€2,269 | +9.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €275 | +€275 | |
| Other operating charges | 640/8 | €1,149 | €980 | -€170 | -14.8% |
| Gross operating margin | 9900 | €212,662 | €234,153 | +€21,491 | +10.1% |
| Operating profit (loss) | 9901 | €187,969 | €189,496 | +€1,526 | +0.8% |
| Financial income | 75/76B | €542 | €1,039 | +€497 | +91.6% |
| Recurring financial income | 75 | €542 | €1,039 | +€497 | +91.6% |
| Financial charges | 65/66B | €120 | €133 | +€13 | +11.2% |
| Recurring financial charges | 65 | €120 | €133 | +€13 | +11.2% |
| Profit (loss) for the period before taxes | 9903 | €188,392 | €190,401 | +€2,010 | +1.1% |
| Income taxes | 67/77 | €56,005 | €44,036 | -€11,969 | -21.4% |
| Profit (loss) for the period | 9904 | €132,387 | €146,365 | +€13,979 | +10.6% |
| Profit (loss) for the period to be appropriated | 9905 | €132,387 | €146,365 | +€13,979 | +10.6% |
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 31 October 2026 via checked.be.