SPD WORKS: 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.
SPD WORKS
Largest movements
- Receivables within one year +€38,941
up €38,941 (+101.3%), from €38,455 to €77,396
of which Other amounts receivable: +€45,648
- Cash -€2,844
down €2,844 (-92.5%), from €3,076 to €232
mainly Receivables within one year (-€38,941)
- Profit (loss) carried forward +€17,711
up €17,711 (+76.6%), from €23,112 to €40,823
- Trade debts +€11,112
up €11,112 (+556.7%), from €1,996 to €13,108
- Tax, wage and social debts +€6,736
up €6,736 (+56.3%), from €11,961 to €18,697
of which Taxes: +€5,904
- Turnover +€62,130
up €62,130 (+61.2%), from €101,447 to €163,577
- Staff costs +€48,500
up €48,500 (+319.7%), from €15,170 to €63,670
- Gross operating margin +€39,243
up €39,243 (+85.5%), from €45,924 to €85,167
- Purchases and services +€22,887
up €22,887 (+41.2%), from €55,523 to €78,410
- Financial income +€2,198
up €2,198 (+338.7%), from €649 to €2,847
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €42,069 | €77,628 | +€35,559 | +84.5% |
| Fixed assets | 21/28 | €537 | - | -€537 | |
| Tangible fixed assets | 22/27 | €537 | - | -€537 | |
| Plant, machinery and equipment | 23 | €537 | - | -€537 | |
| Current assets | 29/58 | €41,532 | €77,628 | +€36,096 | +86.9% |
| Amounts receivable within one year | 40/41 | €38,455 | €77,396 | +€38,941 | +101.3% |
| Trade receivables | 40 | €13,681 | €6,974 | -€6,707 | -49.0% |
| Other amounts receivable | 41 | €24,774 | €70,422 | +€45,648 | +184.3% |
| Cash at bank and in hand | 54/58 | €3,076 | €232 | -€2,844 | -92.5% |
| Total equity and liabilities | 10/49 | €42,069 | €77,628 | +€35,559 | +84.5% |
| Equity | 10/15 | €28,112 | €45,823 | +€17,711 | +63.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Capital | 10 | €5,000 | - | -€5,000 | |
| Issued capital | 100 | €5,000 | - | -€5,000 | |
| Profit (loss) carried forward | 14 | €23,112 | €40,823 | +€17,711 | +76.6% |
| Amounts payable | 17/49 | €13,957 | €31,805 | +€17,848 | +127.9% |
| Amounts payable within one year | 42/48 | €13,957 | €31,805 | +€17,848 | +127.9% |
| Trade debts | 44 | €1,996 | €13,108 | +€11,112 | +556.7% |
| Suppliers | 440/4 | €1,996 | €13,108 | +€11,112 | +556.7% |
| Taxes, remuneration and social security | 45 | €11,961 | €18,697 | +€6,736 | +56.3% |
| Taxes | 450/3 | €7,704 | €13,608 | +€5,904 | +76.6% |
| Remuneration and social security | 454/9 | €4,257 | €5,089 | +€832 | +19.5% |
| Turnover | 70 | €101,447 | €163,577 | +€62,130 | +61.2% |
| Goods, raw materials, services and sundry goods | 60/61 | €55,523 | €78,410 | +€22,887 | +41.2% |
| Remuneration, social security and pensions | 62 | €15,170 | €63,670 | +€48,500 | +319.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €537 | €537 | -€0 | 0.0% |
| Other operating charges | 640/8 | - | €118 | +€118 | |
| Gross operating margin | 9900 | €45,924 | €85,167 | +€39,243 | +85.5% |
| Operating profit (loss) | 9901 | €30,216 | €20,842 | -€9,374 | -31.0% |
| Financial income | 75/76B | €649 | €2,847 | +€2,198 | +338.7% |
| Recurring financial income | 75 | €649 | €2,847 | +€2,198 | +338.7% |
| Financial charges | 65/66B | €49 | €75 | +€26 | +51.9% |
| Recurring financial charges | 65 | €49 | €75 | +€26 | +51.9% |
| Profit (loss) for the period before taxes | 9903 | €30,816 | €23,614 | -€7,202 | -23.4% |
| Income taxes | 67/77 | €7,704 | €5,904 | -€1,800 | -23.4% |
| Profit (loss) for the period | 9904 | €23,112 | €17,710 | -€5,402 | -23.4% |
| Profit (loss) for the period to be appropriated | 9905 | €23,112 | €17,710 | -€5,402 | -23.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.