SPB & Co: 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.
SPB & Co
Largest movements
- Stocks and contracts -€2,475
down €2,475 (-9.3%), from €26,756 to €24,280
- Receivables within one year -€1,265
down €1,265 (-69.5%), from €1,820 to €555
- Other debts -€3,812
down €3,812 (-10.5%), from €36,381 to €32,569
- Profit (loss) carried forward +€2,517
up €2,517 (+16.0%), from -€15,682 to -€13,165
- Trade debts -€2,399
down €2,399 (-58.5%), from €4,103 to €1,704
- Gross operating margin +€7,834
up €7,834, from -€2,879 to €4,955
- Financial charges +€1,000
up €1,000 (+107%), from €933 to €1,933
- Depreciation +€72
up €72 (+86.2%), from €84 to €156
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 | €34,223 | €30,529 | -€3,695 | -10.8% |
| Fixed assets | 21/28 | €2,695 | €2,540 | -€156 | -5.8% |
| Tangible fixed assets | 22/27 | €695 | €540 | -€156 | -22.4% |
| Furniture and vehicles | 24 | €695 | €540 | -€156 | -22.4% |
| Financial fixed assets | 28 | €2,000 | €2,000 | = | 0.0% |
| Current assets | 29/58 | €31,528 | €27,989 | -€3,539 | -11.2% |
| Stocks and contracts in progress | 3 | €26,756 | €24,280 | -€2,475 | -9.3% |
| Stocks | 30/36 | €26,756 | €24,280 | -€2,475 | -9.3% |
| Amounts receivable within one year | 40/41 | €1,820 | €555 | -€1,265 | -69.5% |
| Other amounts receivable | 41 | €1,820 | €555 | -€1,265 | -69.5% |
| Cash at bank and in hand | 54/58 | €2,953 | €3,153 | +€201 | +6.8% |
| Total equity and liabilities | 10/49 | €34,223 | €30,529 | -€3,695 | -10.8% |
| Equity | 10/15 | -€6,482 | -€3,965 | +€2,517 | +38.8% |
| Contributions | 10/11 | €9,200 | €9,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€15,682 | -€13,165 | +€2,517 | +16.0% |
| Amounts payable | 17/49 | €40,705 | €34,494 | -€6,211 | -15.3% |
| Amounts payable within one year | 42/48 | €40,705 | €34,494 | -€6,211 | -15.3% |
| Trade debts | 44 | €4,103 | €1,704 | -€2,399 | -58.5% |
| Suppliers | 440/4 | €4,103 | €1,704 | -€2,399 | -58.5% |
| Taxes, remuneration and social security | 45 | €221 | €221 | = | 0.0% |
| Taxes | 450/3 | €169 | €169 | = | 0.0% |
| Remuneration and social security | 454/9 | €53 | €53 | = | 0.0% |
| Other amounts payable | 47/48 | €36,381 | €32,569 | -€3,812 | -10.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €84 | €156 | +€72 | +86.2% |
| Other operating charges | 640/8 | €343 | €350 | +€7 | +2.0% |
| Gross operating margin | 9900 | -€2,879 | €4,955 | +€7,834 | |
| Operating profit (loss) | 9901 | -€3,306 | €4,449 | +€7,755 | |
| Financial charges | 65/66B | €933 | €1,933 | +€1,000 | +107% |
| Recurring financial charges | 65 | €933 | €1,933 | +€1,000 | +107% |
| Profit (loss) for the period before taxes | 9903 | -€4,239 | €2,517 | +€6,755 | |
| Profit (loss) for the period | 9904 | -€4,239 | €2,517 | +€6,755 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,239 | €2,517 | +€6,755 |
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 16 October 2026 via checked.be.