SP ELEC: 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.
SP ELEC
Largest movements
- Cash -€2,142
no longer reported in 2024 (was €2,142)
mainly Other debts (-€12,673) and Receivables within one year (-€1,694)
- Receivables within one year +€1,694
up €1,694 (+9.0%), from €18,887 to €20,580
of which Trade receivables: +€4,562
- Tangible fixed assets -€407
down €407 (-34.7%), from €1,175 to €768
- Other debts -€12,673
down €12,673 (-75.5%), from €16,792 to €4,119
- Profit (loss) carried forward +€7,694
up €7,694, from -€5,887 to €1,807
- Short-term financial debts +€1,543
new in 2024: €1,543
- Trade debts +€1,431
up €1,431 (+179.1%), from €799 to €2,230
- Tax, wage and social debts +€1,150
up €1,150 (+46.0%), from €2,500 to €3,650
of which Taxes: +€1,150
- Gross operating margin +€27,496
up €27,496, from -€17,522 to €9,974
- Depreciation -€928
down €928 (-69.5%), from €1,336 to €407
- Taxes +€650
new in 2024: €650
- Other operating charges -€445
down €445 (-43.9%), from €1,013 to €569
- Financial charges +€413
up €413 (+171.9%), from €240 to €654
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €24,204 | €23,348 | -€855 | -3.5% |
| Fixed assets | 21/28 | €3,175 | €2,768 | -€407 | -12.8% |
| Tangible fixed assets | 22/27 | €1,175 | €768 | -€407 | -34.7% |
| Furniture and vehicles | 24 | €1,175 | €768 | -€407 | -34.7% |
| Financial fixed assets | 28 | €2,000 | €2,000 | = | 0.0% |
| Current assets | 29/58 | €21,028 | €20,580 | -€448 | -2.1% |
| Amounts receivable within one year | 40/41 | €18,887 | €20,580 | +€1,694 | +9.0% |
| Trade receivables | 40 | €14,555 | €19,117 | +€4,562 | +31.3% |
| Other amounts receivable | 41 | €4,331 | €1,463 | -€2,868 | -66.2% |
| Cash at bank and in hand | 54/58 | €2,142 | - | -€2,142 | |
| Total equity and liabilities | 10/49 | €24,204 | €23,348 | -€855 | -3.5% |
| Equity | 10/15 | €4,113 | €11,807 | +€7,694 | +187.1% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€5,887 | €1,807 | +€7,694 | |
| Amounts payable | 17/49 | €20,091 | €11,542 | -€8,549 | -42.6% |
| Amounts payable within one year | 42/48 | €20,091 | €11,542 | -€8,549 | -42.6% |
| Financial debts | 43 | - | €1,543 | +€1,543 | |
| Credit institutions | 430/8 | - | €1,543 | +€1,543 | |
| Trade debts | 44 | €799 | €2,230 | +€1,431 | +179.1% |
| Suppliers | 440/4 | €799 | €2,230 | +€1,431 | +179.1% |
| Taxes, remuneration and social security | 45 | €2,500 | €3,650 | +€1,150 | +46.0% |
| Taxes | 450/3 | €1,000 | €2,150 | +€1,150 | +115.0% |
| Remuneration and social security | 454/9 | €1,500 | €1,500 | = | 0.0% |
| Other amounts payable | 47/48 | €16,792 | €4,119 | -€12,673 | -75.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,336 | €407 | -€928 | -69.5% |
| Other operating charges | 640/8 | €1,013 | €569 | -€445 | -43.9% |
| Gross operating margin | 9900 | -€17,522 | €9,974 | +€27,496 | |
| Operating profit (loss) | 9901 | -€19,871 | €8,997 | +€28,869 | |
| Financial income | 75/76B | €2 | - | -€2 | |
| Recurring financial income | 75 | €2 | - | -€2 | |
| Financial charges | 65/66B | €240 | €654 | +€413 | +171.9% |
| Recurring financial charges | 65 | €240 | €654 | +€413 | +171.9% |
| Profit (loss) for the period before taxes | 9903 | -€20,110 | €8,344 | +€28,454 | |
| Income taxes | 67/77 | - | €650 | +€650 | |
| Profit (loss) for the period | 9904 | -€20,110 | €7,694 | +€27,803 | |
| Profit (loss) for the period to be appropriated | 9905 | -€20,110 | €7,694 | +€27,803 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.