SP-immo: 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-immo
Largest movements
- Current investments -€400,000
down €400,000 (-40.0%), from €1.0m to €600,000
- Cash -€153,883
down €153,883 (-97.6%), from €157,615 to €3,732
mainly Contributions, distributions and other (-€650,000) and Tax, wage and social debts (-€141)
- Receivables within one year -€49,864
down €49,864 (-99.3%), from €50,217 to €353
- Contributions -€650,000
down €650,000 (-98.0%), from €663,000 to €13,000
- Gross operating margin -€1,105
down €1,105 (-67.1%), from €1,648 to €543
- Taxes -€276
down €276 (-67.0%), from €412 to €136
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 | €3,837,127 | €3,220,891 | -€616,236 | -16.1% |
| Fixed assets | 21/28 | €10,000 | €10,000 | = | 0.0% |
| Financial fixed assets | 28 | €10,000 | €10,000 | = | 0.0% |
| Current assets | 29/58 | €3,827,127 | €3,210,891 | -€616,236 | -16.1% |
| Stocks and contracts in progress | 3 | €2,619,295 | €2,606,806 | -€12,489 | -0.5% |
| Stocks | 30/36 | €2,619,295 | €2,606,806 | -€12,489 | -0.5% |
| Amounts receivable within one year | 40/41 | €50,217 | €353 | -€49,864 | -99.3% |
| Other amounts receivable | 41 | €50,217 | €353 | -€49,864 | -99.3% |
| Current investments | 50/53 | €1,000,000 | €600,000 | -€400,000 | -40.0% |
| Cash at bank and in hand | 54/58 | €157,615 | €3,732 | -€153,883 | -97.6% |
| Total equity and liabilities | 10/49 | €3,837,127 | €3,220,891 | -€616,236 | -16.1% |
| Equity | 10/15 | €3,836,715 | €3,187,122 | -€649,593 | -16.9% |
| Contributions | 10/11 | €663,000 | €13,000 | -€650,000 | -98.0% |
| Reserves | 13 | €3,173,715 | €3,174,122 | +€407 | 0.0% |
| Distributable reserves | 133 | €3,173,715 | €3,174,122 | +€407 | 0.0% |
| Amounts payable | 17/49 | €412 | €33,769 | +€33,357 | +8096.4% |
| Amounts payable within one year | 42/48 | €412 | €33,769 | +€33,357 | +8096.4% |
| Trade debts | 44 | - | €3,498 | +€3,498 | |
| Suppliers | 440/4 | - | €3,498 | +€3,498 | |
| Taxes, remuneration and social security | 45 | €412 | €271 | -€141 | -34.2% |
| Taxes | 450/3 | €412 | €271 | -€141 | -34.2% |
| Other amounts payable | 47/48 | - | €30,000 | +€30,000 | |
| Gross operating margin | 9900 | €1,648 | €543 | -€1,105 | -67.1% |
| Operating profit (loss) | 9901 | €1,648 | €543 | -€1,105 | -67.1% |
| Profit (loss) for the period before taxes | 9903 | €1,648 | €543 | -€1,105 | -67.1% |
| Income taxes | 67/77 | €412 | €136 | -€276 | -67.0% |
| Profit (loss) for the period | 9904 | €1,236 | €407 | -€829 | -67.1% |
| Profit (loss) for the period to be appropriated | 9905 | €1,236 | €407 | -€829 | -67.1% |
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.