SP BRAND HOLDING: what changed
SP BRAND HOLDING
Largest movements
- Intangible fixed assets -€8.8m
down €8.8m (-100%), from €8.8m to €0
- Cash -€129,849
down €129,849 (-100%), from €129,849 to €0
mainly Contributions, distributions and other (-€14.4m) and Short-term financial debts (-€255,243)
- Contributions -€8.7m
down €8.7m (-100.0%), from €8.7m to €1
- Short-term financial debts -€255,243
down €255,243 (-100%), from €255,243 to €0
- Other operating income +€69,545
up €69,545 (+1,346%), from €5,166 to €74,711
- Services and other goods +€48,497
up €48,497 (+1,180%), from €4,110 to €52,607
- Turnover +€37,883
new in 2025: €37,883
Change in the result, 2024 to 2025
The net result is not in both sets of accounts. Without it the difference cannot be explained line by line.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €8,972,508 | €20,637 | -€9.0m | -99.8% |
| Fixed assets | 21/28 | €8,776,375 | €0 | -€8.8m | -100% |
| Intangible fixed assets | 21 | €8,776,375 | €0 | -€8.8m | -100% |
| Current assets | 29/58 | €196,133 | €20,637 | -€175,496 | -89.5% |
| Stocks and contracts in progress | 3 | - | €0 | = | |
| Amounts receivable within one year | 40/41 | €66,284 | €20,637 | -€45,647 | -68.9% |
| Trade receivables | 40 | €66,284 | €20,636 | -€45,648 | -68.9% |
| Other amounts receivable | 41 | - | €1 | +€1 | |
| Cash at bank and in hand | 54/58 | €129,849 | €0 | -€129,849 | -100% |
| Total equity and liabilities | 10/49 | €8,972,508 | €20,637 | -€9.0m | -99.8% |
| Equity | 10/15 | €8,717,265 | €1 | -€8.7m | -100.0% |
| Contributions | 10/11 | €8,718,167 | €1 | -€8.7m | -100.0% |
| Capital | 10 | €8,718,167 | €1 | -€8.7m | -100.0% |
| Issued capital | 100 | €8,718,167 | €1 | -€8.7m | -100.0% |
| Profit (loss) carried forward | 14 | -€902 | €0 | +€902 | |
| Amounts payable | 17/49 | €255,243 | €20,636 | -€234,607 | -91.9% |
| Amounts payable within one year | 42/48 | €255,243 | €20,636 | -€234,607 | -91.9% |
| Financial debts | 43 | €255,243 | €0 | -€255,243 | -100% |
| Other loans | 439 | €255,243 | €0 | -€255,243 | -100% |
| Trade debts | 44 | - | €20,636 | +€20,636 | |
| Suppliers | 440/4 | - | €20,636 | +€20,636 | |
| Operating income | 70/76A | €5,166 | €5,752,592 | +€5.7m | +111,255% |
| Turnover | 70 | - | €37,883 | +€37,883 | |
| Other operating income | 74 | €5,166 | €74,711 | +€69,545 | +1,346% |
| Non-recurring operating income | 76A | - | €5,639,998 | +€5.6m | |
| Operating charges | 60/66A | €4,110 | €52,607 | +€48,497 | +1,180% |
| Services and other goods | 61 | €4,110 | €52,607 | +€48,497 | +1,180% |
| Operating profit (loss) | 9901 | €1,056 | €5,699,985 | +€5.7m | +539,671% |
| Financial charges | 65/66B | €1,056 | €879 | -€178 | -16.8% |
| Recurring financial charges | 65 | €1,056 | €879 | -€178 | -16.8% |
| Other financial charges | 652/9 | €1,056 | €879 | -€178 | -16.8% |
| Profit (loss) for the period before taxes | 9903 | - | €5,699,106 | +€5.7m | |
| Profit (loss) for the period | 9904 | - | €5,699,106 | +€5.7m | |
| Profit (loss) for the period to be appropriated | 9905 | - | €5,699,106 | +€5.7m |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.