SP2D: 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.
SP2D
Largest movements
- Deferred charges and accrued income +€2,626
up €2,626 (+126%), from €2,086 to €4,712
- Tangible fixed assets -€2,245
down €2,245 (-46.8%), from €4,791 to €2,546
- Cash +€2,156
up €2,156 (+7.9%), from €27,283 to €29,438
mainly Net result for the year (+€18,965) and Depreciation (+€2,245)
- Receivables within one year -€1,203
down €1,203 (-11.1%), from €10,811 to €9,608
of which Trade receivables: -€4,168
- Reserves +€18,965
up €18,965 (+130%), from €14,638 to €33,602
- Trade debts -€11,930
down €11,930 (-93.2%), from €12,806 to €876
- Short-term financial debts -€3,018
down €3,018 (-100%), from €3,018 to €0
- Tax, wage and social debts -€2,458
down €2,458 (-32.0%), from €7,686 to €5,228
- Depreciation -€3,832
down €3,832 (-63.1%), from €6,077 to €2,245
- Financial charges +€3,603
up €3,603 (+49.5%), from €7,285 to €10,888
- Gross operating margin +€2,541
up €2,541 (+7.4%), from €34,277 to €36,818
- Financial income +€837
up €837 (+677%), from €124 to €961
- Taxes -€717
down €717 (-11.5%), from €6,227 to €5,510
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.
Derived cash bridge
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 | €44,970 | €46,305 | +€1,334 | +3.0% |
| Fixed assets | 21/28 | €4,791 | €2,546 | -€2,245 | -46.8% |
| Tangible fixed assets | 22/27 | €4,791 | €2,546 | -€2,245 | -46.8% |
| Plant, machinery and equipment | 23 | €4,791 | €2,546 | -€2,245 | -46.8% |
| Current assets | 29/58 | €40,179 | €43,758 | +€3,579 | +8.9% |
| Amounts receivable within one year | 40/41 | €10,811 | €9,608 | -€1,203 | -11.1% |
| Trade receivables | 40 | €4,168 | €0 | -€4,168 | -100% |
| Other amounts receivable | 41 | €6,643 | €9,608 | +€2,964 | +44.6% |
| Cash at bank and in hand | 54/58 | €27,283 | €29,438 | +€2,156 | +7.9% |
| Deferred charges and accrued income | 490/1 | €2,086 | €4,712 | +€2,626 | +126% |
| Total equity and liabilities | 10/49 | €44,970 | €46,305 | +€1,334 | +3.0% |
| Equity | 10/15 | €19,638 | €38,602 | +€18,965 | +96.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €14,638 | €33,602 | +€18,965 | +130% |
| Distributable reserves | 133 | €14,638 | €33,602 | +€18,965 | +130% |
| Amounts payable | 17/49 | €25,333 | €7,702 | -€17,631 | -69.6% |
| Amounts payable within one year | 42/48 | €23,511 | €6,105 | -€17,406 | -74.0% |
| Financial debts | 43 | €3,018 | €0 | -€3,018 | -100% |
| Credit institutions | 430/8 | €3,018 | €0 | -€3,018 | -100% |
| Trade debts | 44 | €12,806 | €876 | -€11,930 | -93.2% |
| Suppliers | 440/4 | €12,806 | €876 | -€11,930 | -93.2% |
| Taxes, remuneration and social security | 45 | €7,686 | €5,228 | -€2,458 | -32.0% |
| Taxes | 450/3 | €7,686 | €5,228 | -€2,458 | -32.0% |
| Accrued charges and deferred income | 492/3 | €1,822 | €1,598 | -€224 | -12.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,077 | €2,245 | -€3,832 | -63.1% |
| Other operating charges | 640/8 | €174 | €171 | -€4 | -2.1% |
| Gross operating margin | 9900 | €34,277 | €36,818 | +€2,541 | +7.4% |
| Operating profit (loss) | 9901 | €28,026 | €34,402 | +€6,377 | +22.8% |
| Financial income | 75/76B | €124 | €961 | +€837 | +677% |
| Recurring financial income | 75 | €124 | €961 | +€837 | +677% |
| Financial charges | 65/66B | €7,285 | €10,888 | +€3,603 | +49.5% |
| Recurring financial charges | 65 | €7,285 | €10,888 | +€3,603 | +49.5% |
| Profit (loss) for the period before taxes | 9903 | €20,865 | €24,475 | +€3,610 | +17.3% |
| Income taxes | 67/77 | €6,227 | €5,510 | -€717 | -11.5% |
| Profit (loss) for the period | 9904 | €14,638 | €18,965 | +€4,327 | +29.6% |
| Profit (loss) for the period to be appropriated | 9905 | €14,638 | €18,965 | +€4,327 | +29.6% |
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 22 October 2026 via checked.be.