SPED PARTNERS: 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.
SPED PARTNERS
Largest movements
- Cash +€15,675
up €15,675 (+74.3%), from €21,090 to €36,764
mainly Net result for the year (+€23,672) and Other debts (+€14,158)
- Tangible fixed assets +€7,127
new in 2025: €7,127
- Receivables within one year +€6,282
up €6,282 (+461.2%), from €1,362 to €7,644
- Deferred charges and accrued income -€3,933
down €3,933 (-83.7%), from €4,700 to €767
- Other debts +€14,158
up €14,158 (+710.6%), from €1,992 to €16,150
- Tax, wage and social debts +€5,729
up €5,729 (+974.8%), from €588 to €6,317
- Profit (loss) carried forward +€4,672
up €4,672, from -€4,309 to €363
- Trade debts +€657
up €657 (+169.5%), from €387 to €1,044
- Gross operating margin +€32,472
up €32,472, from -€2,901 to €29,571
- Taxes +€5,492
new in 2025: €5,492
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 | €27,152 | €52,368 | +€25,216 | +92.9% |
| Fixed assets | 21/28 | - | €7,192 | +€7,192 | |
| Tangible fixed assets | 22/27 | - | €7,127 | +€7,127 | |
| Other tangible fixed assets | 26 | - | €7,127 | +€7,127 | |
| Financial fixed assets | 28 | - | €65 | +€65 | |
| Current assets | 29/58 | €27,152 | €45,175 | +€18,024 | +66.4% |
| Amounts receivable within one year | 40/41 | €1,362 | €7,644 | +€6,282 | +461.2% |
| Other amounts receivable | 41 | €1,362 | €7,644 | +€6,282 | +461.2% |
| Cash at bank and in hand | 54/58 | €21,090 | €36,764 | +€15,675 | +74.3% |
| Deferred charges and accrued income | 490/1 | €4,700 | €767 | -€3,933 | -83.7% |
| Total equity and liabilities | 10/49 | €27,152 | €52,368 | +€25,216 | +92.9% |
| Equity | 10/15 | €24,184 | €28,857 | +€4,672 | +19.3% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €24,493 | €24,493 | = | 0.0% |
| Distributable reserves | 133 | €24,493 | €24,493 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,309 | €363 | +€4,672 | |
| Amounts payable | 17/49 | €2,967 | €23,511 | +€20,544 | +692.3% |
| Amounts payable within one year | 42/48 | €2,967 | €23,511 | +€20,544 | +692.3% |
| Trade debts | 44 | €387 | €1,044 | +€657 | +169.5% |
| Suppliers | 440/4 | €387 | €1,044 | +€657 | +169.5% |
| Taxes, remuneration and social security | 45 | €588 | €6,317 | +€5,729 | +974.8% |
| Taxes | 450/3 | €588 | €6,317 | +€5,729 | +974.8% |
| Other amounts payable | 47/48 | €1,992 | €16,150 | +€14,158 | +710.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €374 | €123 | -€252 | -67.3% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | -€2,901 | €29,571 | +€32,472 | |
| Operating profit (loss) | 9901 | -€3,663 | €29,048 | +€32,711 | |
| Financial income | 75/76B | - | €286 | +€286 | |
| Recurring financial income | 75 | - | €286 | +€286 | |
| Financial charges | 65/66B | €114 | €170 | +€56 | +48.5% |
| Recurring financial charges | 65 | €114 | €170 | +€56 | +48.5% |
| Profit (loss) for the period before taxes | 9903 | -€3,777 | €29,164 | +€32,942 | |
| Income taxes | 67/77 | - | €5,492 | +€5,492 | |
| Profit (loss) for the period | 9904 | -€3,777 | €23,672 | +€27,450 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,777 | €23,672 | +€27,450 |
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 8 October 2026 via checked.be.