SP.CORP: what changed
Two fiscal 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.
What changed
SP.CORP
NACE 46.900, Non-specialised wholesale trade
fiscal year 2020 against 2021filed annual accounts (NBB)
Net result for the year
€8,374
2020 · €2,104+€6,271
Equity
€9.7m
2020 · €9.7m+€8,374
Cash
€27,188
2020 · €14,005+€13,183
Balance sheet total
€13.0m
2020 · €12.8m+€231,775
Largest movements
Assets
- Receivables within one year +€135,444
up €135,444 (+2.2%), from €6.0m to €6.2m
of which Other amounts receivable: +€254,991
Equity and liabilities
- Other debts +€729,792
up €729,792 (+53.0%), from €1.4m to €2.1m
- Short-term financial debts -€300,000
no longer reported in 2021 (was €300,000)
Income statement
- Gross operating margin -€146,312
down €146,312 (-75.1%), from €194,895 to €48,583
- Staff costs -€128,151
down €128,151 (-99.3%), from €129,101 to €950
- Financial charges -€33,079
down €33,079 (-64.1%), from €51,620 to €18,541
- Taxes +€10,765
up €10,765 (+174.1%), from €6,183 to €16,948
- Financial income -€3,551
down €3,551 (-19.7%), from €18,058 to €14,507
From the 2020 result to the 2021 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.
Result 2020
€2,104
Gross operating margin
-€146,312
Staff costs
+€128,151
Depreciation
+€342
Other operating charges
+€2,871
Other operating items
+€2,456
Financial income
-€3,551
Financial charges
+€33,079
Taxes
-€10,765
Result 2021
€8,374
Cash bridge derived
Derived from the 2020 and 2021 balance sheets and the 2021 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€420,823
Investment
-€8,931
Financing
-€398,709
Cash 2020
€14,005
From operations (derived)
+€420,823
Net result for the year
+€8,374
Depreciation
+€13,035
Stocks and contracts
-€84,522
Receivables within one year
-€135,444
Deferred charges and accrued income
-€2,730
Trade debts
-€98,256
Tax, wage and social debts
-€9,426
Other debts
+€729,792
Investment (derived)
-€8,931
Investment in fixed assets (net)
-€8,931
Financing
-€398,709
Debts after one year
-€90,013
Current portion of long-term debt
-€8,697
Short-term financial debts
-€300,000
Cash 2021
€27,188
Every line side by side
| Line | Code | 2020 | 2021 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €12,807,744 | €13,039,519 | +€231,775 | +1.8% |
| Fixed assets | 21/28 | €5,938,479 | €5,934,374 | -€4,104 | -0.1% |
| Intangible fixed assets | 21 | €21,594 | €25,249 | +€3,655 | +16.9% |
| Tangible fixed assets | 22/27 | €21,948 | €12,189 | -€9,760 | -44.5% |
| Furniture and vehicles | 24 | €5,813 | - | -€5,813 | |
| Other tangible fixed assets | 26 | €16,135 | €12,189 | -€3,946 | -24.5% |
| Financial fixed assets | 28 | €5,894,936 | €5,896,936 | +€2,000 | 0.0% |
| Current assets | 29/58 | €6,869,265 | €7,105,145 | +€235,880 | +3.4% |
| Stocks and contracts in progress | 3 | €828,740 | €913,262 | +€84,522 | +10.2% |
| Stocks | 30/36 | €828,740 | €913,262 | +€84,522 | +10.2% |
| Amounts receivable within one year | 40/41 | €6,023,601 | €6,159,046 | +€135,444 | +2.2% |
| Trade receivables | 40 | €1,449,044 | €1,329,498 | -€119,547 | -8.3% |
| Other amounts receivable | 41 | €4,574,557 | €4,829,548 | +€254,991 | +5.6% |
| Cash at bank and in hand | 54/58 | €14,005 | €27,188 | +€13,183 | +94.1% |
| Deferred charges and accrued income | 490/1 | €2,919 | €5,649 | +€2,730 | +93.6% |
| Total equity and liabilities | 10/49 | €12,807,744 | €13,039,519 | +€231,775 | +1.8% |
| Equity | 10/15 | €9,708,736 | €9,717,110 | +€8,374 | +0.1% |
| Contributions | 10/11 | €5,200,600 | €5,200,600 | = | 0.0% |
| Reserves | 13 | €226,650 | €226,650 | = | 0.0% |
| Non-distributable reserves | 130/1 | €226,650 | €226,650 | = | 0.0% |
| Reserves not available under the articles | 1311 | €226,650 | €226,650 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,281,486 | €4,289,860 | +€8,374 | +0.2% |
| Amounts payable | 17/49 | €3,099,008 | €3,322,409 | +€223,401 | +7.2% |
| Amounts payable after more than one year | 17 | €319,602 | €229,589 | -€90,013 | -28.2% |
| Financial debts | 170/4 | €319,602 | €229,589 | -€90,013 | -28.2% |
| Amounts payable within one year | 42/48 | €2,779,406 | €3,092,820 | +€313,414 | +11.3% |
| Current portion of amounts payable after more than one year | 42 | €98,709 | €90,013 | -€8,697 | -8.8% |
| Financial debts | 43 | €300,000 | - | -€300,000 | |
| Credit institutions | 430/8 | €300,000 | - | -€300,000 | |
| Trade debts | 44 | €944,998 | €846,742 | -€98,256 | -10.4% |
| Suppliers | 440/4 | €944,998 | €846,742 | -€98,256 | -10.4% |
| Taxes, remuneration and social security | 45 | €59,769 | €50,343 | -€9,426 | -15.8% |
| Taxes | 450/3 | €21,348 | €43,332 | +€21,984 | +103.0% |
| Remuneration and social security | 454/9 | €38,421 | €7,011 | -€31,410 | -81.8% |
| Other amounts payable | 47/48 | €1,375,931 | €2,105,723 | +€729,792 | +53.0% |
| Non-recurring operating income | 76A | €1,881 | €1,492 | -€389 | -20.7% |
| Remuneration, social security and pensions | 62 | €129,101 | €950 | -€128,151 | -99.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,378 | €13,035 | -€342 | -2.6% |
| Other operating charges | 640/8 | €5,081 | €2,210 | -€2,871 | -56.5% |
| Non-recurring operating charges | 66A | €5,488 | €3,032 | -€2,456 | -44.8% |
| Gross operating margin | 9900 | €194,895 | €48,583 | -€146,312 | -75.1% |
| Operating profit (loss) | 9901 | €41,848 | €29,356 | -€12,492 | -29.9% |
| Financial income | 75/76B | €18,058 | €14,507 | -€3,551 | -19.7% |
| Recurring financial income | 75 | €18,058 | €14,507 | -€3,551 | -19.7% |
| Financial charges | 65/66B | €51,620 | €18,541 | -€33,079 | -64.1% |
| Recurring financial charges | 65 | €51,620 | €18,541 | -€33,079 | -64.1% |
| Profit (loss) for the period before taxes | 9903 | €8,286 | €25,322 | +€17,036 | +205.6% |
| Income taxes | 67/77 | €6,183 | €16,948 | +€10,765 | +174.1% |
| Profit (loss) for the period | 9904 | €2,104 | €8,374 | +€6,271 | +298.1% |
| Profit (loss) for the period to be appropriated | 9905 | €2,104 | €8,374 | +€6,271 | +298.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2020 and 31 December 2021. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.