SP Advies: 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 Advies
Largest movements
- Cash -€9,897
down €9,897 (-5.0%), from €198,539 to €188,641
mainly Contributions, distributions and other (-€96,000) and Other debts (-€8,753)
- Receivables within one year -€2,841
down €2,841 (-7.4%), from €38,221 to €35,380
of which Trade receivables: -€6,333
- Other debts -€8,753
down €8,753 (-9.7%), from €90,476 to €81,723
- Tax, wage and social debts -€5,085
down €5,085 (-22.6%), from €22,545 to €17,461
- Gross operating margin +€11,235
up €11,235 (+9.4%), from €119,182 to €130,417
- Taxes +€10,040
up €10,040 (+43.8%), from €22,911 to €32,952
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 | €237,562 | €225,731 | -€11,831 | -5.0% |
| Fixed assets | 21/28 | €372 | €880 | +€508 | +137% |
| Tangible fixed assets | 22/27 | €372 | €880 | +€508 | +137% |
| Furniture and vehicles | 24 | €88 | €880 | +€792 | +902% |
| Other tangible fixed assets | 26 | €284 | - | -€284 | |
| Current assets | 29/58 | €237,190 | €224,851 | -€12,339 | -5.2% |
| Amounts receivable within one year | 40/41 | €38,221 | €35,380 | -€2,841 | -7.4% |
| Trade receivables | 40 | €38,221 | €31,888 | -€6,333 | -16.6% |
| Other amounts receivable | 41 | - | €3,492 | +€3,492 | |
| Cash at bank and in hand | 54/58 | €198,539 | €188,641 | -€9,897 | -5.0% |
| Deferred charges and accrued income | 490/1 | €430 | €830 | +€400 | +93.0% |
| Total equity and liabilities | 10/49 | €237,562 | €225,731 | -€11,831 | -5.0% |
| Equity | 10/15 | €123,813 | €123,980 | +€167 | +0.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €105,213 | €105,380 | +€167 | +0.2% |
| Non-distributable reserves | 130/1 | €1,800 | €1,800 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,800 | €1,800 | = | 0.0% |
| Distributable reserves | 133 | €103,413 | €103,580 | +€167 | +0.2% |
| Amounts payable | 17/49 | €113,749 | €101,752 | -€11,997 | -10.5% |
| Amounts payable within one year | 42/48 | €113,749 | €101,752 | -€11,997 | -10.5% |
| Trade debts | 44 | €728 | €2,568 | +€1,840 | +253% |
| Suppliers | 440/4 | €728 | €2,568 | +€1,840 | +253% |
| Taxes, remuneration and social security | 45 | €22,545 | €17,461 | -€5,085 | -22.6% |
| Taxes | 450/3 | €22,545 | €17,461 | -€5,085 | -22.6% |
| Other amounts payable | 47/48 | €90,476 | €81,723 | -€8,753 | -9.7% |
| Non-recurring operating income | 76A | €10,797 | - | -€10,797 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €466 | €431 | -€35 | -7.4% |
| Other operating charges | 640/8 | €2,018 | €1,422 | -€596 | -29.5% |
| Gross operating margin | 9900 | €119,182 | €130,417 | +€11,235 | +9.4% |
| Operating profit (loss) | 9901 | €116,698 | €128,563 | +€11,865 | +10.2% |
| Financial income | 75/76B | €749 | €709 | -€40 | -5.4% |
| Recurring financial income | 75 | €749 | €709 | -€40 | -5.4% |
| Financial charges | 65/66B | €504 | €154 | -€350 | -69.5% |
| Recurring financial charges | 65 | €504 | €154 | -€350 | -69.5% |
| Profit (loss) for the period before taxes | 9903 | €116,943 | €129,118 | +€12,176 | +10.4% |
| Income taxes | 67/77 | €22,911 | €32,952 | +€10,040 | +43.8% |
| Profit (loss) for the period | 9904 | €94,031 | €96,167 | +€2,135 | +2.3% |
| Profit (loss) for the period to be appropriated | 9905 | €94,031 | €96,167 | +€2,135 | +2.3% |
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 18 October 2026 via checked.be.