SP INVEST: what changed
What changed
SP INVEST
NACE 66.300, Activities auxiliary to financial services and insurance activities
filed annual accounts (NBB)
Net result for the year
-€4,915
2024 · -€58,352+€53,437
Equity
€366,722
2024 · €371,637-€4,915
Cash
€10,524
2024 · €13,855-€3,331
Balance sheet total
€3.4m
2024 · €3.4m-€9,753
Largest movements
Assets
No asset line moved by more than 1% of the balance sheet total.
Equity and liabilities
No liability line moved by more than 1% of the balance sheet total.
Income statement
- Financial charges -€28,301
down €28,301 (-22.1%), from €128,054 to €99,754
- Gross operating margin +€18,339
up €18,339 (+26.3%), from €69,702 to €88,042
- Financial income +€6,797
new in 2025: €6,797
- Purchases and services +€1,958
new in 2025: €1,958
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€58,352
Gross operating margin
+€18,339
Financial income
+€6,797
Financial charges
+€28,301
Result 2025
-€4,915
raises the result
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.
From operations
-€3,331
Investment
€0
Financing
€0
Cash 2024
€13,855
From operations (derived)
-€3,331
Net result for the year
-€4,915
Receivables within one year
+€6,423
Trade debts
-€1,214
Tax, wage and social debts
+€3,778
Accrued charges and deferred income
-€7,402
Cash 2025
€10,524
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,406,978 | €3,397,225 | -€9,753 | -0.3% |
| Fixed assets | 21/28 | €3,198,430 | €3,198,430 | = | 0.0% |
| Financial fixed assets | 28 | €3,198,430 | €3,198,430 | = | 0.0% |
| Current assets | 29/58 | €208,549 | €198,795 | -€9,753 | -4.7% |
| Amounts receivable within one year | 40/41 | €194,694 | €188,271 | -€6,423 | -3.3% |
| Trade receivables | 40 | €7,260 | €29,040 | +€21,780 | +300% |
| Other amounts receivable | 41 | €187,434 | €159,231 | -€28,203 | -15.0% |
| Cash at bank and in hand | 54/58 | €13,855 | €10,524 | -€3,331 | -24.0% |
| Total equity and liabilities | 10/49 | €3,406,978 | €3,397,225 | -€9,753 | -0.3% |
| Equity | 10/15 | €371,637 | €366,722 | -€4,915 | -1.3% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | - | €10,000 | +€10,000 | |
| Non-distributable reserves | 130/1 | - | €10,000 | +€10,000 | |
| Reserves not available under the articles | 1311 | - | €10,000 | +€10,000 | |
| Profit (loss) carried forward | 14 | €271,637 | €256,722 | -€14,915 | -5.5% |
| Amounts payable | 17/49 | €3,035,341 | €3,030,502 | -€4,839 | -0.2% |
| Amounts payable after more than one year | 17 | €260,000 | €260,000 | = | 0.0% |
| Financial debts | 170/4 | €260,000 | €260,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €2,755,031 | €2,757,595 | +€2,564 | +0.1% |
| Financial debts | 43 | €2,460,000 | €2,460,000 | = | 0.0% |
| Credit institutions | 430/8 | €2,460,000 | €2,460,000 | = | 0.0% |
| Trade debts | 44 | €1,264 | €50 | -€1,214 | -96.0% |
| Suppliers | 440/4 | €1,264 | €50 | -€1,214 | -96.0% |
| Taxes, remuneration and social security | 45 | €3,767 | €7,545 | +€3,778 | +100% |
| Taxes | 450/3 | €3,767 | €7,545 | +€3,778 | +100% |
| Other amounts payable | 47/48 | €290,000 | €290,000 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €20,309 | €12,907 | -€7,402 | -36.4% |
| Goods, raw materials, services and sundry goods | 60/61 | - | €1,958 | +€1,958 | |
| Other operating charges | 640/8 | - | €0 | = | |
| Gross operating margin | 9900 | €69,702 | €88,042 | +€18,339 | +26.3% |
| Operating profit (loss) | 9901 | €69,702 | €88,042 | +€18,339 | +26.3% |
| Financial income | 75/76B | - | €6,797 | +€6,797 | |
| Recurring financial income | 75 | - | €6,797 | +€6,797 | |
| Financial charges | 65/66B | €128,054 | €99,754 | -€28,301 | -22.1% |
| Recurring financial charges | 65 | €128,054 | €99,754 | -€28,301 | -22.1% |
| Profit (loss) for the period before taxes | 9903 | -€58,352 | -€4,915 | +€53,437 | +91.6% |
| Profit (loss) for the period | 9904 | -€58,352 | -€4,915 | +€53,437 | +91.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€58,352 | -€4,915 | +€53,437 | +91.6% |
Next steps
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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 8 November 2026 via checked.be.