SP BEHEER: 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 BEHEER
Largest movements
- Tangible fixed assets -€24,211
down €24,211 (-8.0%), from €304,415 to €280,204
of which Land and buildings: -€15,913
- Receivables within one year +€5,216
up €5,216 (+118010.0%), from €4 to €5,220
of which Trade receivables: +€5,030
- Debts after one year -€18,217
down €18,217 (-7.7%), from €235,275 to €217,058
- Profit (loss) carried forward -€5,322
down €5,322 (-5.7%), from -€92,576 to -€97,898
- Gross operating margin +€6,387
up €6,387 (+34.2%), from €18,672 to €25,059
- Depreciation -€717
down €717 (-2.9%), from €24,928 to €24,211
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 | €308,603 | €288,014 | -€20,589 | -6.7% |
| Fixed assets | 21/28 | €304,415 | €280,204 | -€24,211 | -8.0% |
| Tangible fixed assets | 22/27 | €304,415 | €280,204 | -€24,211 | -8.0% |
| Land and buildings | 22 | €289,522 | €273,609 | -€15,913 | -5.5% |
| Furniture and vehicles | 24 | €14,894 | €6,596 | -€8,298 | -55.7% |
| Current assets | 29/58 | €4,188 | €7,810 | +€3,622 | +86.5% |
| Amounts receivable within one year | 40/41 | €4 | €5,220 | +€5,216 | +118010.0% |
| Trade receivables | 40 | - | €5,030 | +€5,030 | |
| Other amounts receivable | 41 | €4 | €190 | +€186 | +4209.0% |
| Cash at bank and in hand | 54/58 | €2,863 | - | -€2,863 | |
| Deferred charges and accrued income | 490/1 | €1,320 | €2,589 | +€1,269 | +96.1% |
| Total equity and liabilities | 10/49 | €308,603 | €288,014 | -€20,589 | -6.7% |
| Equity | 10/15 | -€64,110 | -€69,432 | -€5,322 | -8.3% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €9,916 | €9,916 | = | 0.0% |
| Distributable reserves | 133 | €9,916 | €9,916 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€92,576 | -€97,898 | -€5,322 | -5.7% |
| Amounts payable | 17/49 | €372,714 | €357,446 | -€15,267 | -4.1% |
| Amounts payable after more than one year | 17 | €235,275 | €217,058 | -€18,217 | -7.7% |
| Financial debts | 170/4 | €235,275 | €217,058 | -€18,217 | -7.7% |
| Amounts payable within one year | 42/48 | €137,439 | €140,389 | +€2,950 | +2.1% |
| Current portion of amounts payable after more than one year | 42 | €17,930 | €18,916 | +€985 | +5.5% |
| Financial debts | 43 | - | €1,239 | +€1,239 | |
| Credit institutions | 430/8 | - | €1,239 | +€1,239 | |
| Trade debts | 44 | €466 | €648 | +€182 | +39.1% |
| Suppliers | 440/4 | €466 | €648 | +€182 | +39.1% |
| Taxes, remuneration and social security | 45 | €0 | €452 | +€451 | +128900.0% |
| Taxes | 450/3 | €0 | €452 | +€451 | +128900.0% |
| Other amounts payable | 47/48 | €119,042 | €119,134 | +€92 | +0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,928 | €24,211 | -€717 | -2.9% |
| Other operating charges | 640/8 | €2,119 | €2,300 | +€182 | +8.6% |
| Gross operating margin | 9900 | €18,672 | €25,059 | +€6,387 | +34.2% |
| Operating profit (loss) | 9901 | -€8,374 | -€1,453 | +€6,922 | +82.7% |
| Financial charges | 65/66B | €3,951 | €3,869 | -€82 | -2.1% |
| Recurring financial charges | 65 | €3,951 | €3,869 | -€82 | -2.1% |
| Profit (loss) for the period before taxes | 9903 | -€12,325 | -€5,322 | +€7,004 | +56.8% |
| Profit (loss) for the period | 9904 | -€12,325 | -€5,322 | +€7,004 | +56.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€12,325 | -€5,322 | +€7,004 | +56.8% |
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 10 October 2026 via checked.be.