SP BOUW: 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 BOUW
Largest movements
- Receivables within one year +€142,149
up €142,149 (+57.0%), from €249,573 to €391,722
of which Trade receivables: +€135,776
- Cash +€44,132
up €44,132 (+19,856%), from €222 to €44,354
mainly Trade debts (+€212,896) and Tax, wage and social debts (+€2,710)
- Trade debts +€212,896
up €212,896 (+501%), from €42,474 to €255,369
- Current portion of long-term debt -€16,932
down €16,932 (-34.5%), from €49,072 to €32,140
- Other debts -€15,288
no longer reported in 2025 (was €15,288)
- Financial income -€64,949
down €64,949 (-89.3%), from €72,705 to €7,756
- Gross operating margin +€37,743
up €37,743, from -€24,740 to €13,003
- Financial charges -€14,714
down €14,714 (-48.3%), from €30,495 to €15,781
- Taxes -€2,750
down €2,750 (-62.3%), from €4,413 to €1,663
- Other operating charges -€285
down €285 (-40.5%), from €704 to €419
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 | €251,705 | €437,493 | +€185,788 | +73.8% |
| Fixed assets | 21/28 | €1,910 | €1,418 | -€493 | -25.8% |
| Tangible fixed assets | 22/27 | €1,910 | €1,418 | -€493 | -25.8% |
| Plant, machinery and equipment | 23 | €1,910 | €1,418 | -€493 | -25.8% |
| Current assets | 29/58 | €249,795 | €436,075 | +€186,280 | +74.6% |
| Amounts receivable within one year | 40/41 | €249,573 | €391,722 | +€142,149 | +57.0% |
| Trade receivables | 40 | €197,055 | €332,831 | +€135,776 | +68.9% |
| Other amounts receivable | 41 | €52,517 | €58,890 | +€6,373 | +12.1% |
| Cash at bank and in hand | 54/58 | €222 | €44,354 | +€44,132 | +19,856% |
| Total equity and liabilities | 10/49 | €251,705 | €437,493 | +€185,788 | +73.8% |
| Equity | 10/15 | €46,183 | €48,586 | +€2,403 | +5.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €19,660 | €19,660 | = | 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% |
| Distributable reserves | 133 | €17,800 | €17,800 | = | 0.0% |
| Profit (loss) carried forward | 14 | €7,923 | €10,326 | +€2,403 | +30.3% |
| Amounts payable | 17/49 | €205,522 | €388,907 | +€183,385 | +89.2% |
| Amounts payable after more than one year | 17 | €94,275 | €94,275 | = | 0.0% |
| Financial debts | 170/4 | €94,275 | €94,275 | = | 0.0% |
| Amounts payable within one year | 42/48 | €111,247 | €294,632 | +€183,385 | +165% |
| Current portion of amounts payable after more than one year | 42 | €49,072 | €32,140 | -€16,932 | -34.5% |
| Trade debts | 44 | €42,474 | €255,369 | +€212,896 | +501% |
| Suppliers | 440/4 | €42,474 | €255,369 | +€212,896 | +501% |
| Taxes, remuneration and social security | 45 | €4,413 | €7,122 | +€2,710 | +61.4% |
| Taxes | 450/3 | €4,413 | €7,122 | +€2,710 | +61.4% |
| Other amounts payable | 47/48 | €15,288 | - | -€15,288 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €267 | €493 | +€225 | +84.2% |
| Other operating charges | 640/8 | €704 | €419 | -€285 | -40.5% |
| Gross operating margin | 9900 | -€24,740 | €13,003 | +€37,743 | |
| Operating profit (loss) | 9901 | -€25,712 | €12,091 | +€37,803 | |
| Financial income | 75/76B | €72,705 | €7,756 | -€64,949 | -89.3% |
| Recurring financial income | 75 | €72,705 | €7,756 | -€64,949 | -89.3% |
| Financial charges | 65/66B | €30,495 | €15,781 | -€14,714 | -48.3% |
| Recurring financial charges | 65 | €30,495 | €15,781 | -€14,714 | -48.3% |
| Profit (loss) for the period before taxes | 9903 | €16,498 | €4,066 | -€12,432 | -75.4% |
| Income taxes | 67/77 | €4,413 | €1,663 | -€2,750 | -62.3% |
| Profit (loss) for the period | 9904 | €12,085 | €2,403 | -€9,682 | -80.1% |
| Profit (loss) for the period to be appropriated | 9905 | €12,085 | €2,403 | -€9,682 | -80.1% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.