SPCC: 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.
SPCC
Largest movements
- Cash -€4,764
down €4,764 (-36.5%), from €13,041 to €8,277
mainly Debts after one year (-€6,264) and Investment in fixed assets (net) (-€4,304)
- Deferred charges and accrued income +€3,000
up €3,000 (+273.0%), from €1,099 to €4,099
- Tangible fixed assets -€2,990
down €2,990 (-12.9%), from €23,239 to €20,249
of which Plant, machinery and equipment: -€3,374
- Receivables within one year -€1,704
down €1,704 (-13.9%), from €12,294 to €10,590
of which Trade receivables: -€2,039
- Debts after one year -€6,264
down €6,264 (-63.0%), from €9,939 to €3,675
- Tax, wage and social debts -€3,867
down €3,867 (-69.5%), from €5,567 to €1,700
- Reserves +€3,838
up €3,838 (+22.3%), from €17,238 to €21,076
- Other debts -€792
down €792 (-11.2%), from €7,084 to €6,292
- Trade debts +€580
up €580 (+51.4%), from €1,128 to €1,708
- Gross operating margin -€14,849
down €14,849 (-52.7%), from €28,173 to €13,324
- Depreciation +€3,844
up €3,844 (+111.4%), from €3,450 to €7,294
- Taxes -€2,634
down €2,634 (-61.3%), from €4,299 to €1,665
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 | €49,673 | €43,215 | -€6,458 | -13.0% |
| Fixed assets | 21/28 | €23,239 | €20,249 | -€2,990 | -12.9% |
| Tangible fixed assets | 22/27 | €23,239 | €20,249 | -€2,990 | -12.9% |
| Land and buildings | 22 | €10,693 | €9,931 | -€762 | -7.1% |
| Plant, machinery and equipment | 23 | €11,863 | €8,489 | -€3,374 | -28.4% |
| Furniture and vehicles | 24 | €683 | €1,829 | +€1,146 | +167.8% |
| Current assets | 29/58 | €26,434 | €22,966 | -€3,468 | -13.1% |
| Amounts receivable within one year | 40/41 | €12,294 | €10,590 | -€1,704 | -13.9% |
| Trade receivables | 40 | €12,294 | €10,255 | -€2,039 | -16.6% |
| Other amounts receivable | 41 | - | €335 | +€335 | |
| Cash at bank and in hand | 54/58 | €13,041 | €8,277 | -€4,764 | -36.5% |
| Deferred charges and accrued income | 490/1 | €1,099 | €4,099 | +€3,000 | +273.0% |
| Total equity and liabilities | 10/49 | €49,673 | €43,215 | -€6,458 | -13.0% |
| Equity | 10/15 | €19,738 | €23,576 | +€3,838 | +19.4% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €17,238 | €21,076 | +€3,838 | +22.3% |
| Distributable reserves | 133 | €17,238 | €21,076 | +€3,838 | +22.3% |
| Amounts payable | 17/49 | €29,935 | €19,639 | -€10,296 | -34.4% |
| Amounts payable after more than one year | 17 | €9,939 | €3,675 | -€6,264 | -63.0% |
| Financial debts | 170/4 | €9,939 | €3,675 | -€6,264 | -63.0% |
| Amounts payable within one year | 42/48 | €19,996 | €15,964 | -€4,032 | -20.2% |
| Current portion of amounts payable after more than one year | 42 | €6,217 | €6,264 | +€47 | +0.8% |
| Trade debts | 44 | €1,128 | €1,708 | +€580 | +51.4% |
| Suppliers | 440/4 | €1,128 | €1,708 | +€580 | +51.4% |
| Taxes, remuneration and social security | 45 | €5,567 | €1,700 | -€3,867 | -69.5% |
| Taxes | 450/3 | €5,567 | €1,700 | -€3,867 | -69.5% |
| Other amounts payable | 47/48 | €7,084 | €6,292 | -€792 | -11.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,450 | €7,294 | +€3,844 | +111.4% |
| Other operating charges | 640/8 | €118 | €120 | +€2 | +1.7% |
| Non-recurring operating charges | 66A | €6,958 | - | -€6,958 | |
| Gross operating margin | 9900 | €28,173 | €13,324 | -€14,849 | -52.7% |
| Operating profit (loss) | 9901 | €17,647 | €5,910 | -€11,737 | -66.5% |
| Financial charges | 65/66B | €513 | €407 | -€106 | -20.7% |
| Recurring financial charges | 65 | €513 | €407 | -€106 | -20.7% |
| Profit (loss) for the period before taxes | 9903 | €17,134 | €5,503 | -€11,631 | -67.9% |
| Income taxes | 67/77 | €4,299 | €1,665 | -€2,634 | -61.3% |
| Profit (loss) for the period | 9904 | €12,835 | €3,838 | -€8,997 | -70.1% |
| Profit (loss) for the period to be appropriated | 9905 | €12,835 | €3,838 | -€8,997 | -70.1% |
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 11 October 2026 via checked.be.