SP MANAGEMENT & CONSULTING: what changed
SP MANAGEMENT & CONSULTING
Largest movements
- Tangible fixed assets +€34,549
up €34,549 (+1,313%), from €2,632 to €37,181
- Cash +€8,239
up €8,239 (+34.2%), from €24,113 to €32,352
mainly Debts after one year (+€22,534) and Current portion of long-term debt (+€8,449)
- Receivables within one year -€3,922
down €3,922 (-20.3%), from €19,328 to €15,406
of which Trade receivables: -€4,305
- Debts after one year +€22,534
new in 2025: €22,534
- Current portion of long-term debt +€8,449
new in 2025: €8,449
- Reserves +€6,299
up €6,299 (+26.1%), from €24,116 to €30,415
- Trade debts +€1,757
up €1,757 (+61.1%), from €2,875 to €4,632
- Gross operating margin -€10,491
down €10,491 (-32.5%), from €32,244 to €21,753
- Depreciation +€7,807
up €7,807 (+1,806%), from €432 to €8,240
- Taxes -€3,424
down €3,424 (-44.5%), from €7,689 to €4,265
- Other operating charges +€1,762
up €1,762 (+1,399%), from €126 to €1,888
- Financial charges +€946
up €946 (+429%), from €220 to €1,166
of which Financial charges: +€969
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.
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 | €46,552 | €85,953 | +€39,401 | +84.6% |
| Fixed assets | 21/28 | €2,632 | €37,181 | +€34,549 | +1,313% |
| Tangible fixed assets | 22/27 | €2,632 | €37,181 | +€34,549 | +1,313% |
| Furniture and vehicles | 24 | €2,632 | €37,181 | +€34,549 | +1,313% |
| Current assets | 29/58 | €43,920 | €48,772 | +€4,852 | +11.0% |
| Amounts receivable within one year | 40/41 | €19,328 | €15,406 | -€3,922 | -20.3% |
| Trade receivables | 40 | €19,328 | €15,023 | -€4,305 | -22.3% |
| Other amounts receivable | 41 | - | €383 | +€383 | |
| Cash at bank and in hand | 54/58 | €24,113 | €32,352 | +€8,239 | +34.2% |
| Deferred charges and accrued income | 490/1 | €479 | €1,013 | +€535 | +112% |
| Total equity and liabilities | 10/49 | €46,552 | €85,953 | +€39,401 | +84.6% |
| Equity | 10/15 | €29,116 | €35,415 | +€6,299 | +21.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €24,116 | €30,415 | +€6,299 | +26.1% |
| Distributable reserves | 133 | €24,116 | €30,415 | +€6,299 | +26.1% |
| Amounts payable | 17/49 | €17,436 | €50,537 | +€33,102 | +190% |
| Amounts payable after more than one year | 17 | - | €22,534 | +€22,534 | |
| Financial debts | 170/4 | - | €22,534 | +€22,534 | |
| Amounts payable within one year | 42/48 | €17,436 | €28,003 | +€10,567 | +60.6% |
| Current portion of amounts payable after more than one year | 42 | - | €8,449 | +€8,449 | |
| Trade debts | 44 | €2,875 | €4,632 | +€1,757 | +61.1% |
| Suppliers | 440/4 | €2,875 | €4,632 | +€1,757 | +61.1% |
| Taxes, remuneration and social security | 45 | €14,535 | €14,922 | +€387 | +2.7% |
| Taxes | 450/3 | €14,535 | €14,922 | +€387 | +2.7% |
| Other amounts payable | 47/48 | €26 | €0 | -€26 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €432 | €8,240 | +€7,807 | +1,806% |
| Other operating charges | 640/8 | €126 | €1,888 | +€1,762 | +1,399% |
| Gross operating margin | 9900 | €32,244 | €21,753 | -€10,491 | -32.5% |
| Operating profit (loss) | 9901 | €31,685 | €11,625 | -€20,060 | -63.3% |
| Financial income | 75/76B | €340 | €106 | -€234 | -68.9% |
| Recurring financial income | 75 | €340 | €106 | -€234 | -68.9% |
| Financial charges | 65/66B | €220 | €1,166 | +€946 | +429% |
| Recurring financial charges | 65 | €197 | €1,166 | +€969 | +491% |
| Non-recurring financial charges | 66B | €23 | €0 | -€23 | -100% |
| Profit (loss) for the period before taxes | 9903 | €31,805 | €10,565 | -€21,240 | -66.8% |
| Income taxes | 67/77 | €7,689 | €4,265 | -€3,424 | -44.5% |
| Profit (loss) for the period | 9904 | €24,116 | €6,299 | -€17,816 | -73.9% |
| Profit (loss) for the period to be appropriated | 9905 | €24,116 | €6,299 | -€17,816 | -73.9% |
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 4 November 2026 via checked.be.