SPA - Smart Project Agency: what changed
What changed
SPA - Smart Project Agency
NACE 73.300, Public relations and communication consultancy
filed annual accounts (NBB)
Net result for the year
-€8,941
2023 · -€3,471-€5,470
Equity
-€10,463
2023 · -€1,522-€8,941
Cash
€5
2023 · €9-€4
Balance sheet total
€18,530
2023 · €29,840-€11,310
Largest movements
Assets
- Receivables within one year -€5,572
down €5,572 (-36.9%), from €15,090 to €9,518
of which Other amounts receivable: -€7,261
- Tangible fixed assets -€5,375
down €5,375 (-39.5%), from €13,602 to €8,227
Equity and liabilities
- Profit (loss) carried forward -€8,941
down €8,941 (-254%), from -€3,522 to -€12,463
- Debts after one year -€4,849
down €4,849 (-62.1%), from €7,812 to €2,963
- Advances received +€4,510
new in 2024: €4,510
- Trade debts -€1,866
down €1,866 (-38.8%), from €4,814 to €2,948
- Other debts -€745
down €745 (-5.2%), from €14,256 to €13,511
Income statement
- Depreciation +€2,583
up €2,583 (+84.6%), from €3,052 to €5,635
- Gross operating margin -€2,122
down €2,122, from €198 to -€1,924
- Financial charges +€503
up €503 (+85.0%), from €592 to €1,095
- Other operating charges +€395
up €395 (+284%), from €139 to €534
- Financial income +€184
up €184 (+94.3%), from €195 to €379
Change in the result, 2023 to 2024
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 2023
-€3,471
Gross operating margin
-€2,122
Depreciation
-€2,583
Other operating charges
-€395
Financial income
+€184
Financial charges
-€503
Taxes
-€51
Result 2024
-€8,941
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2023 and 2024 balance sheets and the 2024 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€4,437
Investment
-€0
Financing
-€4,441
Cash 2023
€9
From operations (derived)
+€4,437
Net result for the year
-€8,941
Depreciation
+€5,635
Receivables within one year
+€5,572
Deferred charges and accrued income
+€99
Trade debts
-€1,866
Tax, wage and social debts
+€174
Advances received
+€4,510
Other debts
-€745
Investment (derived)
-€0
Investment in fixed assets (net)
-€0
Financing
-€4,441
Debts after one year
-€4,849
Current portion of long-term debt
+€408
Contributions, distributions and other
-€0
Cash 2024
€5
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €29,840 | €18,530 | -€11,310 | -37.9% |
| Formation expenses | 20 | €1,040 | €780 | -€260 | -25.0% |
| Fixed assets | 21/28 | €13,602 | €8,227 | -€5,375 | -39.5% |
| Tangible fixed assets | 22/27 | €13,602 | €8,227 | -€5,375 | -39.5% |
| Furniture and vehicles | 24 | €13,602 | €8,227 | -€5,375 | -39.5% |
| Current assets | 29/58 | €15,198 | €9,523 | -€5,675 | -37.3% |
| Amounts receivable within one year | 40/41 | €15,090 | €9,518 | -€5,572 | -36.9% |
| Trade receivables | 40 | €5,372 | €7,062 | +€1,690 | +31.5% |
| Other amounts receivable | 41 | €9,718 | €2,457 | -€7,261 | -74.7% |
| Cash at bank and in hand | 54/58 | €9 | €5 | -€4 | -48.8% |
| Deferred charges and accrued income | 490/1 | €99 | - | -€99 | |
| Total equity and liabilities | 10/49 | €29,840 | €18,530 | -€11,310 | -37.9% |
| Equity | 10/15 | -€1,522 | -€10,463 | -€8,941 | -587% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,522 | -€12,463 | -€8,941 | -254% |
| Amounts payable | 17/49 | €31,362 | €28,993 | -€2,369 | -7.6% |
| Amounts payable after more than one year | 17 | €7,812 | €2,963 | -€4,849 | -62.1% |
| Financial debts | 170/4 | €7,812 | €2,963 | -€4,849 | -62.1% |
| Amounts payable within one year | 42/48 | €23,550 | €26,031 | +€2,481 | +10.5% |
| Current portion of amounts payable after more than one year | 42 | €4,441 | €4,849 | +€408 | +9.2% |
| Trade debts | 44 | €4,814 | €2,948 | -€1,866 | -38.8% |
| Suppliers | 440/4 | €4,814 | €2,948 | -€1,866 | -38.8% |
| Advances received on contracts in progress | 46 | - | €4,510 | +€4,510 | |
| Taxes, remuneration and social security | 45 | €39 | €213 | +€174 | +445% |
| Taxes | 450/3 | €39 | €213 | +€174 | +445% |
| Other amounts payable | 47/48 | €14,256 | €13,511 | -€745 | -5.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,052 | €5,635 | +€2,583 | +84.6% |
| Other operating charges | 640/8 | €139 | €534 | +€395 | +284% |
| Gross operating margin | 9900 | €198 | -€1,924 | -€2,122 | |
| Operating profit (loss) | 9901 | -€2,993 | -€8,092 | -€5,099 | -170% |
| Financial income | 75/76B | €195 | €379 | +€184 | +94.3% |
| Recurring financial income | 75 | €195 | €379 | +€184 | +94.3% |
| Financial charges | 65/66B | €592 | €1,095 | +€503 | +85.0% |
| Recurring financial charges | 65 | €592 | €1,095 | +€503 | +85.0% |
| Profit (loss) for the period before taxes | 9903 | -€3,390 | -€8,809 | -€5,419 | -160% |
| Income taxes | 67/77 | €81 | €132 | +€51 | +63.0% |
| Profit (loss) for the period | 9904 | -€3,471 | -€8,941 | -€5,470 | -158% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,471 | -€8,941 | -€5,470 | -158% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.