SPC GROUP: 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 GROUP
Largest movements
- Receivables within one year +€12,111
up €12,111 (+506.9%), from €2,389 to €14,500
of which Trade receivables: +€9,770
- Cash -€2,685
down €2,685 (-72.4%), from €3,707 to €1,022
mainly Receivables within one year (-€12,111) and Other debts (-€1,368)
- Tangible fixed assets -€376
down €376 (-34.2%), from €1,101 to €725
- Financial fixed assets -€350
down €350 (-100.0%), from €350 to €0
- Profit (loss) carried forward +€6,221
up €6,221 (+287.6%), from €2,163 to €8,384
- Tax, wage and social debts +€3,779
up €3,779 (+688.4%), from €549 to €4,328
of which Taxes: +€2,127
- Other debts -€1,368
down €1,368 (-27.2%), from €5,024 to €3,656
- Trade debts +€201
up €201 (+29.8%), from €672 to €873
- Gross operating margin +€5,940
up €5,940 (+150.7%), from €3,943 to €9,884
- Taxes +€1,391
up €1,391 (+253.4%), from €549 to €1,940
- Depreciation +€349
up €349 (+1255.5%), from €28 to €376
- Financial charges +€249
up €249 (+22.6%), from €1,098 to €1,347
- Other operating charges -€105
down €105 (-100.0%), from €105 to €0
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 | €8,408 | €17,240 | +€8,832 | +105.0% |
| Fixed assets | 21/28 | €1,451 | €725 | -€726 | -50.0% |
| Tangible fixed assets | 22/27 | €1,101 | €725 | -€376 | -34.2% |
| Plant, machinery and equipment | 23 | €1,101 | €725 | -€376 | -34.2% |
| Financial fixed assets | 28 | €350 | €0 | -€350 | -100.0% |
| Current assets | 29/58 | €6,957 | €16,515 | +€9,558 | +137.4% |
| Amounts receivable within one year | 40/41 | €2,389 | €14,500 | +€12,111 | +506.9% |
| Trade receivables | 40 | €578 | €10,348 | +€9,770 | +1690.3% |
| Other amounts receivable | 41 | €1,811 | €4,152 | +€2,341 | +129.3% |
| Cash at bank and in hand | 54/58 | €3,707 | €1,022 | -€2,685 | -72.4% |
| Deferred charges and accrued income | 490/1 | €861 | €993 | +€133 | +15.4% |
| Total equity and liabilities | 10/49 | €8,408 | €17,240 | +€8,832 | +105.0% |
| Equity | 10/15 | €2,163 | €8,384 | +€6,221 | +287.6% |
| Profit (loss) carried forward | 14 | €2,163 | €8,384 | +€6,221 | +287.6% |
| Amounts payable | 17/49 | €6,245 | €8,857 | +€2,612 | +41.8% |
| Amounts payable within one year | 42/48 | €6,245 | €8,857 | +€2,612 | +41.8% |
| Trade debts | 44 | €672 | €873 | +€201 | +29.8% |
| Suppliers | 440/4 | €672 | €873 | +€201 | +29.8% |
| Taxes, remuneration and social security | 45 | €549 | €4,328 | +€3,779 | +688.4% |
| Taxes | 450/3 | €549 | €2,676 | +€2,127 | +387.5% |
| Remuneration and social security | 454/9 | - | €1,652 | +€1,652 | |
| Other amounts payable | 47/48 | €5,024 | €3,656 | -€1,368 | -27.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28 | €376 | +€349 | +1255.5% |
| Other operating charges | 640/8 | €105 | €0 | -€105 | -100.0% |
| Gross operating margin | 9900 | €3,943 | €9,884 | +€5,940 | +150.7% |
| Operating profit (loss) | 9901 | €3,810 | €9,507 | +€5,697 | +149.5% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €1,098 | €1,347 | +€249 | +22.6% |
| Recurring financial charges | 65 | €1,098 | €1,347 | +€249 | +22.6% |
| Profit (loss) for the period before taxes | 9903 | €2,712 | €8,161 | +€5,449 | +200.9% |
| Income taxes | 67/77 | €549 | €1,940 | +€1,391 | +253.4% |
| Profit (loss) for the period | 9904 | €2,163 | €6,221 | +€4,057 | +187.6% |
| Profit (loss) for the period to be appropriated | 9905 | €2,163 | €6,221 | +€4,057 | +187.6% |
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 5 October 2026 via checked.be.