SPC: what changed
Two fiscal 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.
SPC
Largest movements
- Receivables within one year -€8,845
down €8,845 (-33.8%), from €26,195 to €17,349
of which Trade receivables: -€13,113
- Cash +€6,821
up €6,821 (+27.7%), from €24,642 to €31,463
mainly Net result for the year (+€12,805) and Receivables within one year (+€8,845)
- Tangible fixed assets +€3,027
new in 2025: €3,027
of which Plant, machinery and equipment: +€1,615
- Deferred charges and accrued income -€2,586
down €2,586 (-45.8%), from €5,640 to €3,055
- Profit (loss) carried forward +€12,277
up €12,277, from -€7,134 to €5,144
- Other debts -€8,503
down €8,503 (-47.7%), from €17,829 to €9,325
- Tax, wage and social debts -€4,909
down €4,909 (-93.3%), from €5,258 to €350
- Short-term financial debts +€930
up €930 (+21.1%), from €4,411 to €5,341
of which Other loans: +€830
- Accrued charges and deferred income -€850
down €850 (-100.0%), from €850 to €0
- Other operating charges +€15,571
up €15,571 (+923.3%), from €1,686 to €17,258
- Gross operating margin +€9,170
up €9,170 (+30.1%), from €30,513 to €39,683
- Taxes -€1,779
down €1,779 (-22.9%), from €7,763 to €5,984
- Depreciation +€470
up €470, from €0 to €470
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.
Cash bridge derived
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 | €56,477 | €54,894 | -€1,583 | -2.8% |
| Fixed assets | 21/28 | €0 | €3,027 | +€3,027 | |
| Tangible fixed assets | 22/27 | - | €3,027 | +€3,027 | |
| Plant, machinery and equipment | 23 | - | €1,615 | +€1,615 | |
| Furniture and vehicles | 24 | - | €1,412 | +€1,412 | |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €56,477 | €51,867 | -€4,609 | -8.2% |
| Amounts receivable within one year | 40/41 | €26,195 | €17,349 | -€8,845 | -33.8% |
| Trade receivables | 40 | €23,173 | €10,060 | -€13,113 | -56.6% |
| Other amounts receivable | 41 | €3,022 | €7,289 | +€4,268 | +141.2% |
| Cash at bank and in hand | 54/58 | €24,642 | €31,463 | +€6,821 | +27.7% |
| Deferred charges and accrued income | 490/1 | €5,640 | €3,055 | -€2,586 | -45.8% |
| Total equity and liabilities | 10/49 | €56,477 | €54,894 | -€1,583 | -2.8% |
| Equity | 10/15 | €23,327 | €35,604 | +€12,277 | +52.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €11,860 | €11,860 | = | 0.0% |
| Distributable reserves | 133 | €11,860 | €11,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€7,134 | €5,144 | +€12,277 | |
| Amounts payable | 17/49 | €33,150 | €19,290 | -€13,860 | -41.8% |
| Amounts payable within one year | 42/48 | €32,300 | €19,290 | -€13,010 | -40.3% |
| Financial debts | 43 | €4,411 | €5,341 | +€930 | +21.1% |
| Credit institutions | 430/8 | €1,876 | €1,976 | +€100 | +5.3% |
| Other loans | 439 | €2,535 | €3,365 | +€830 | +32.7% |
| Trade debts | 44 | €4,802 | €4,273 | -€528 | -11.0% |
| Suppliers | 440/4 | €4,802 | €4,273 | -€528 | -11.0% |
| Taxes, remuneration and social security | 45 | €5,258 | €350 | -€4,909 | -93.3% |
| Taxes | 450/3 | €5,258 | €350 | -€4,909 | -93.3% |
| Other amounts payable | 47/48 | €17,829 | €9,325 | -€8,503 | -47.7% |
| Accrued charges and deferred income | 492/3 | €850 | €0 | -€850 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | €470 | +€470 | |
| Other operating charges | 640/8 | €1,686 | €17,258 | +€15,571 | +923.3% |
| Gross operating margin | 9900 | €30,513 | €39,683 | +€9,170 | +30.1% |
| Operating profit (loss) | 9901 | €28,827 | €21,955 | -€6,871 | -23.8% |
| Financial income | 75/76B | €3 | €40 | +€36 | +1062.8% |
| Recurring financial income | 75 | €3 | €40 | +€36 | +1062.8% |
| Financial charges | 65/66B | €3,350 | €3,206 | -€145 | -4.3% |
| Recurring financial charges | 65 | €3,350 | €3,206 | -€145 | -4.3% |
| Profit (loss) for the period before taxes | 9903 | €25,480 | €18,789 | -€6,690 | -26.3% |
| Income taxes | 67/77 | €7,763 | €5,984 | -€1,779 | -22.9% |
| Profit (loss) for the period | 9904 | €17,717 | €12,805 | -€4,912 | -27.7% |
| Profit (loss) for the period to be appropriated | 9905 | €17,717 | €12,805 | -€4,912 | -27.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.