SPJ Nothomb: 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.
SPJ Nothomb
Largest movements
- Cash +€25,118
up €25,118 (+39.1%), from €64,269 to €89,388
mainly Net result for the year (+€36,113) and Other debts (+€13,034)
- Other debts +€13,034
up €13,034 (+55.1%), from €23,672 to €36,705
- Accrued charges and deferred income +€8,450
new in 2025: €8,450
- Tax, wage and social debts +€4,180
up €4,180 (+52.7%), from €7,931 to €12,110
- Gross operating margin +€7,070
up €7,070 (+16.4%), from €43,023 to €50,092
- Taxes +€3,055
up €3,055 (+33.7%), from €9,070 to €12,126
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 | €66,049 | €91,438 | +€25,389 | +38.4% |
| Fixed assets | 21/28 | €1,779 | €2,044 | +€265 | +14.9% |
| Tangible fixed assets | 22/27 | €1,779 | €2,044 | +€265 | +14.9% |
| Plant, machinery and equipment | 23 | - | €1,118 | +€1,118 | |
| Furniture and vehicles | 24 | €1,779 | €926 | -€853 | -47.9% |
| Current assets | 29/58 | €64,269 | €89,394 | +€25,124 | +39.1% |
| Amounts receivable within one year | 40/41 | - | €6 | +€6 | |
| Trade receivables | 40 | - | €6 | +€6 | |
| Cash at bank and in hand | 54/58 | €64,269 | €89,388 | +€25,118 | +39.1% |
| Total equity and liabilities | 10/49 | €66,049 | €91,438 | +€25,389 | +38.4% |
| Equity | 10/15 | €34,172 | €34,172 | = | 0.0% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €32,172 | €32,172 | = | 0.0% |
| Distributable reserves | 133 | €32,172 | €32,172 | = | 0.0% |
| Amounts payable | 17/49 | €31,877 | €57,266 | +€25,389 | +79.6% |
| Amounts payable within one year | 42/48 | €31,877 | €48,816 | +€16,939 | +53.1% |
| Trade debts | 44 | €275 | - | -€275 | |
| Suppliers | 440/4 | €275 | - | -€275 | |
| Taxes, remuneration and social security | 45 | €7,931 | €12,110 | +€4,180 | +52.7% |
| Taxes | 450/3 | €7,931 | €12,110 | +€4,180 | +52.7% |
| Other amounts payable | 47/48 | €23,672 | €36,705 | +€13,034 | +55.1% |
| Accrued charges and deferred income | 492/3 | - | €8,450 | +€8,450 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,733 | €1,378 | -€354 | -20.4% |
| Other operating charges | 640/8 | - | €400 | +€400 | |
| Gross operating margin | 9900 | €43,023 | €50,092 | +€7,070 | +16.4% |
| Operating profit (loss) | 9901 | €41,290 | €48,314 | +€7,024 | +17.0% |
| Financial charges | 65/66B | €48 | €76 | +€29 | +60.4% |
| Recurring financial charges | 65 | €48 | €76 | +€29 | +60.4% |
| Profit (loss) for the period before taxes | 9903 | €41,243 | €48,238 | +€6,995 | +17.0% |
| Income taxes | 67/77 | €9,070 | €12,126 | +€3,055 | +33.7% |
| Profit (loss) for the period | 9904 | €32,172 | €36,113 | +€3,940 | +12.2% |
| Profit (loss) for the period to be appropriated | 9905 | €32,172 | €36,113 | +€3,940 | +12.2% |
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.