SPD CONSULT: 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.
SPD CONSULT
Largest movements
- Receivables within one year -€179,080
down €179,080 (-47.1%), from €380,290 to €201,210
of which Trade receivables: -€160,728
- Cash +€63,124
up €63,124 (+8.7%), from €722,804 to €785,928
mainly Net result for the year (+€632,966) and Receivables within one year (+€179,080)
- Other debts -€727,763
no longer reported in 2025 (was €727,763)
- Profit (loss) carried forward +€632,966
up €632,966 (+33.6%), from €1.9m to €2.5m
- Reserves -€130,000
down €130,000 (-4.1%), from €3.1m to €3.0m
- Provisions +€108,706
new in 2025: €108,706
- Turnover +€1.2m
new in 2025: €1.2m
- Gross operating margin +€279,085
up €279,085 (+35.2%), from €793,530 to €1.1m
- Purchases and services +€191,364
new in 2025: €191,364
- Provisions +€108,706
new in 2025: €108,706
- Taxes +€28,768
up €28,768 (+13.0%), from €221,353 to €250,121
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 | €5,889,293 | €5,766,698 | -€122,595 | -2.1% |
| Fixed assets | 21/28 | €2,921,800 | €2,914,911 | -€6,890 | -0.2% |
| Tangible fixed assets | 22/27 | €19,140 | €12,251 | -€6,890 | -36.0% |
| Furniture and vehicles | 24 | €19,140 | €12,251 | -€6,890 | -36.0% |
| Financial fixed assets | 28 | €2,902,660 | €2,902,660 | = | 0.0% |
| Current assets | 29/58 | €2,967,493 | €2,851,788 | -€115,705 | -3.9% |
| Amounts receivable within one year | 40/41 | €380,290 | €201,210 | -€179,080 | -47.1% |
| Trade receivables | 40 | €361,938 | €201,210 | -€160,728 | -44.4% |
| Other amounts receivable | 41 | €18,352 | €0 | -€18,352 | -100% |
| Current investments | 50/53 | €1,862,788 | €1,862,788 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €722,804 | €785,928 | +€63,124 | +8.7% |
| Deferred charges and accrued income | 490/1 | €1,611 | €1,862 | +€251 | +15.6% |
| Total equity and liabilities | 10/49 | €5,889,293 | €5,766,698 | -€122,595 | -2.1% |
| Equity | 10/15 | €5,074,586 | €5,577,553 | +€502,966 | +9.9% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €3,141,800 | €3,011,800 | -€130,000 | -4.1% |
| Distributable reserves | 133 | €3,141,800 | €3,011,800 | -€130,000 | -4.1% |
| Profit (loss) carried forward | 14 | €1,882,786 | €2,515,753 | +€632,966 | +33.6% |
| Provisions and deferred taxes | 16 | - | €108,706 | +€108,706 | |
| Provisions for liabilities and charges | 160/5 | - | €108,706 | +€108,706 | |
| Other liabilities and charges | 164/5 | - | €108,706 | +€108,706 | |
| Amounts payable | 17/49 | €814,707 | €80,440 | -€734,267 | -90.1% |
| Amounts payable within one year | 42/48 | €814,707 | €80,393 | -€734,314 | -90.1% |
| Trade debts | 44 | €9,704 | €4,401 | -€5,303 | -54.6% |
| Suppliers | 440/4 | €9,704 | €4,401 | -€5,303 | -54.6% |
| Taxes, remuneration and social security | 45 | €77,240 | €75,992 | -€1,248 | -1.6% |
| Taxes | 450/3 | €77,240 | €75,992 | -€1,248 | -1.6% |
| Other amounts payable | 47/48 | €727,763 | - | -€727,763 | |
| Accrued charges and deferred income | 492/3 | - | €47 | +€47 | |
| Turnover | 70 | - | €1,224,475 | +€1.2m | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €191,364 | +€191,364 | |
| Remuneration, social security and pensions | 62 | - | €458 | +€458 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,890 | €6,890 | = | 0.0% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €108,706 | +€108,706 | |
| Other operating charges | 640/8 | €1,336 | €297 | -€1,039 | -77.8% |
| Gross operating margin | 9900 | €793,530 | €1,072,615 | +€279,085 | +35.2% |
| Operating profit (loss) | 9901 | €785,304 | €956,264 | +€170,960 | +21.8% |
| Financial income | 75/76B | €3,210 | €1,570 | -€1,640 | -51.1% |
| Recurring financial income | 75 | €3,210 | €1,570 | -€1,640 | -51.1% |
| Financial charges | 65/66B | €84,207 | €74,747 | -€9,460 | -11.2% |
| Recurring financial charges | 65 | €84,207 | €74,747 | -€9,460 | -11.2% |
| Profit (loss) for the period before taxes | 9903 | €704,306 | €883,087 | +€178,781 | +25.4% |
| Income taxes | 67/77 | €221,353 | €250,121 | +€28,768 | +13.0% |
| Profit (loss) for the period | 9904 | €482,953 | €632,966 | +€150,013 | +31.1% |
| Profit (loss) for the period to be appropriated | 9905 | €482,953 | €632,966 | +€150,013 | +31.1% |
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 19 October 2026 via checked.be.