SPENCER CONSULTING: 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.
SPENCER CONSULTING
Largest movements
- Cash -€24,118
down €24,118 (-18.2%), from €132,391 to €108,273
mainly Receivables within one year (-€23,259) and Tax, wage and social debts (-€20,842)
- Receivables within one year +€23,259
up €23,259 (+21.5%), from €108,398 to €131,657
of which Other amounts receivable: +€24,744
- Tax, wage and social debts -€20,842
down €20,842 (-59.8%), from €34,863 to €14,022
of which Taxes: -€17,842
- Profit (loss) carried forward +€19,396
up €19,396, from -€18,049 to €1,347
- Trade debts -€2,516
down €2,516 (-58.4%), from €4,308 to €1,792
- Gross operating margin +€45,552
up €45,552, from -€20,257 to €25,296
- Taxes +€6,424
up €6,424 (+4,957%), from €130 to €6,553
- Other operating charges +€3,302
up €3,302 (+2,752%), from €120 to €3,422
- Financial income +€3,162
up €3,162 (+99.9%), from €3,166 to €6,328
- Depreciation +€854
up €854 (+84.0%), from €1,017 to €1,871
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 | €247,724 | €243,969 | -€3,754 | -1.5% |
| Fixed assets | 21/28 | €5,911 | €4,040 | -€1,871 | -31.7% |
| Tangible fixed assets | 22/27 | €5,911 | €4,040 | -€1,871 | -31.7% |
| Furniture and vehicles | 24 | €5,911 | €4,040 | -€1,871 | -31.7% |
| Current assets | 29/58 | €241,813 | €239,929 | -€1,883 | -0.8% |
| Amounts receivable within one year | 40/41 | €108,398 | €131,657 | +€23,259 | +21.5% |
| Trade receivables | 40 | €3,798 | €2,313 | -€1,485 | -39.1% |
| Other amounts receivable | 41 | €104,600 | €129,344 | +€24,744 | +23.7% |
| Cash at bank and in hand | 54/58 | €132,391 | €108,273 | -€24,118 | -18.2% |
| Deferred charges and accrued income | 490/1 | €1,024 | - | -€1,024 | |
| Total equity and liabilities | 10/49 | €247,724 | €243,969 | -€3,754 | -1.5% |
| Equity | 10/15 | €207,951 | €227,347 | +€19,396 | +9.3% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €222,000 | €222,000 | = | 0.0% |
| Distributable reserves | 133 | €222,000 | €222,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€18,049 | €1,347 | +€19,396 | |
| Amounts payable | 17/49 | €39,772 | €16,622 | -€23,150 | -58.2% |
| Amounts payable within one year | 42/48 | €39,772 | €16,426 | -€23,346 | -58.7% |
| Financial debts | 43 | €601 | €612 | +€11 | +1.9% |
| Credit institutions | 430/8 | €601 | €612 | +€11 | +1.9% |
| Trade debts | 44 | €4,308 | €1,792 | -€2,516 | -58.4% |
| Suppliers | 440/4 | €4,308 | €1,792 | -€2,516 | -58.4% |
| Taxes, remuneration and social security | 45 | €34,863 | €14,022 | -€20,842 | -59.8% |
| Taxes | 450/3 | €31,863 | €14,022 | -€17,842 | -56.0% |
| Remuneration and social security | 454/9 | €3,000 | - | -€3,000 | |
| Accrued charges and deferred income | 492/3 | - | €196 | +€196 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,017 | €1,871 | +€854 | +84.0% |
| Other operating charges | 640/8 | €120 | €3,422 | +€3,302 | +2,752% |
| Gross operating margin | 9900 | -€20,257 | €25,296 | +€45,552 | |
| Operating profit (loss) | 9901 | -€21,394 | €20,003 | +€41,396 | |
| Financial income | 75/76B | €3,166 | €6,328 | +€3,162 | +99.9% |
| Recurring financial income | 75 | €3,166 | €6,328 | +€3,162 | +99.9% |
| Financial charges | 65/66B | €112 | €381 | +€270 | +242% |
| Recurring financial charges | 65 | €112 | €381 | +€270 | +242% |
| Profit (loss) for the period before taxes | 9903 | -€18,340 | €25,949 | +€44,289 | |
| Income taxes | 67/77 | €130 | €6,553 | +€6,424 | +4,957% |
| Profit (loss) for the period | 9904 | -€18,469 | €19,396 | +€37,865 | |
| Profit (loss) for the period to be appropriated | 9905 | -€18,469 | €19,396 | +€37,865 |
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 30 October 2026 via checked.be.