SPCON: 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.
SPCON
Largest movements
- Cash +€32,597
up €32,597 (+11009.2%), from €296 to €32,893
mainly Net result for the year (+€39,016) and Other debts (+€7,717)
- Tangible fixed assets +€10,459
up €10,459 (+38.0%), from €27,512 to €37,971
- Receivables within one year +€3,566
up €3,566 (+23.9%), from €14,914 to €18,480
of which Trade receivables: +€2,779
- Deferred charges and accrued income -€1,757
down €1,757 (-51.8%), from €3,392 to €1,635
- Reserves +€39,000
up €39,000 (+123.8%), from €31,500 to €70,500
- Other debts +€7,717
up €7,717 (+221.2%), from €3,489 to €11,206
- Tax, wage and social debts -€2,789
down €2,789 (-29.6%), from €9,436 to €6,648
- Gross operating margin +€14,828
up €14,828 (+29.3%), from €50,608 to €65,437
- Other operating charges +€5,997
up €5,997 (+696.0%), from €862 to €6,859
- Taxes +€2,725
up €2,725 (+28.7%), from €9,498 to €12,224
- Financial charges -€2,051
down €2,051 (-92.9%), from €2,207 to €156
- Depreciation +€849
up €849 (+13.3%), from €6,369 to €7,218
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 | €46,613 | €90,979 | +€44,366 | +95.2% |
| Fixed assets | 21/28 | €28,012 | €37,971 | +€9,959 | +35.6% |
| Tangible fixed assets | 22/27 | €27,512 | €37,971 | +€10,459 | +38.0% |
| Furniture and vehicles | 24 | €27,512 | €37,971 | +€10,459 | +38.0% |
| Financial fixed assets | 28 | €500 | - | -€500 | |
| Current assets | 29/58 | €18,601 | €53,008 | +€34,407 | +185.0% |
| Amounts receivable within one year | 40/41 | €14,914 | €18,480 | +€3,566 | +23.9% |
| Trade receivables | 40 | €14,662 | €17,441 | +€2,779 | +19.0% |
| Other amounts receivable | 41 | €252 | €1,038 | +€787 | +312.8% |
| Cash at bank and in hand | 54/58 | €296 | €32,893 | +€32,597 | +11009.2% |
| Deferred charges and accrued income | 490/1 | €3,392 | €1,635 | -€1,757 | -51.8% |
| Total equity and liabilities | 10/49 | €46,613 | €90,979 | +€44,366 | +95.2% |
| Equity | 10/15 | €32,702 | €71,718 | +€39,016 | +119.3% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €31,500 | €70,500 | +€39,000 | +123.8% |
| Distributable reserves | 133 | €31,500 | €70,500 | +€39,000 | +123.8% |
| Profit (loss) carried forward | 14 | €202 | €218 | +€16 | +8.1% |
| Amounts payable | 17/49 | €13,912 | €19,261 | +€5,350 | +38.5% |
| Amounts payable within one year | 42/48 | €13,162 | €18,261 | +€5,100 | +38.7% |
| Trade debts | 44 | €236 | €408 | +€172 | +72.8% |
| Suppliers | 440/4 | €236 | €408 | +€172 | +72.8% |
| Taxes, remuneration and social security | 45 | €9,436 | €6,648 | -€2,789 | -29.6% |
| Taxes | 450/3 | €9,436 | €6,648 | -€2,789 | -29.6% |
| Other amounts payable | 47/48 | €3,489 | €11,206 | +€7,717 | +221.2% |
| Accrued charges and deferred income | 492/3 | €750 | €1,000 | +€250 | +33.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,369 | €7,218 | +€849 | +13.3% |
| Other operating charges | 640/8 | €862 | €6,859 | +€5,997 | +696.0% |
| Gross operating margin | 9900 | €50,608 | €65,437 | +€14,828 | +29.3% |
| Operating profit (loss) | 9901 | €43,378 | €51,360 | +€7,982 | +18.4% |
| Financial income | 75/76B | €29 | €36 | +€7 | +23.8% |
| Recurring financial income | 75 | €29 | €36 | +€7 | +23.8% |
| Financial charges | 65/66B | €2,207 | €156 | -€2,051 | -92.9% |
| Recurring financial charges | 65 | €2,207 | €156 | -€2,051 | -92.9% |
| Profit (loss) for the period before taxes | 9903 | €41,200 | €51,240 | +€10,040 | +24.4% |
| Income taxes | 67/77 | €9,498 | €12,224 | +€2,725 | +28.7% |
| Profit (loss) for the period | 9904 | €31,702 | €39,016 | +€7,315 | +23.1% |
| Profit (loss) for the period to be appropriated | 9905 | €31,702 | €39,016 | +€7,315 | +23.1% |
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.