SPL TRANSPORT: 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.
SPL TRANSPORT
Largest movements
- Tangible fixed assets -€30,294
down €30,294 (-27.4%), from €110,540 to €80,246
of which Leasing and similar rights: -€31,280
- Cash -€7,134
down €7,134 (-32.4%), from €22,006 to €14,872
mainly Debts after one year (-€31,910) and Trade debts (-€25,743)
- Receivables within one year -€6,943
down €6,943 (-4.3%), from €163,123 to €156,180
of which Trade receivables: -€17,370
- Debts after one year -€31,910
down €31,910 (-39.6%), from €80,525 to €48,615
- Trade debts -€25,743
down €25,743 (-32.3%), from €79,821 to €54,079
- Tax, wage and social debts +€9,445
up €9,445 (+19.6%), from €48,190 to €57,635
of which Remuneration and social security: +€6,870
- Short-term financial debts +€4,000
new in 2025: €4,000
- Staff costs +€68,480
up €68,480 (+41.8%), from €163,664 to €232,144
- Gross operating margin +€39,538
up €39,538 (+16.5%), from €239,357 to €278,895
- Financial charges -€4,801
down €4,801 (-30.5%), from €15,732 to €10,932
- Taxes -€4,681
down €4,681 (-87.3%), from €5,361 to €680
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 | €296,451 | €253,909 | -€42,543 | -14.4% |
| Fixed assets | 21/28 | €110,540 | €80,389 | -€30,150 | -27.3% |
| Tangible fixed assets | 22/27 | €110,540 | €80,246 | -€30,294 | -27.4% |
| Furniture and vehicles | 24 | €1,874 | €2,860 | +€986 | +52.6% |
| Leasing and similar rights | 25 | €108,666 | €77,386 | -€31,280 | -28.8% |
| Financial fixed assets | 28 | - | €143 | +€143 | |
| Current assets | 29/58 | €185,911 | €173,519 | -€12,392 | -6.7% |
| Amounts receivable within one year | 40/41 | €163,123 | €156,180 | -€6,943 | -4.3% |
| Trade receivables | 40 | €151,124 | €133,755 | -€17,370 | -11.5% |
| Other amounts receivable | 41 | €11,999 | €22,425 | +€10,427 | +86.9% |
| Cash at bank and in hand | 54/58 | €22,006 | €14,872 | -€7,134 | -32.4% |
| Deferred charges and accrued income | 490/1 | €783 | €2,467 | +€1,684 | +215% |
| Total equity and liabilities | 10/49 | €296,451 | €253,909 | -€42,543 | -14.4% |
| Equity | 10/15 | €55,938 | €56,889 | +€951 | +1.7% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €45,938 | €46,889 | +€951 | +2.1% |
| Amounts payable | 17/49 | €240,514 | €197,020 | -€43,494 | -18.1% |
| Amounts payable after more than one year | 17 | €80,525 | €48,615 | -€31,910 | -39.6% |
| Financial debts | 170/4 | €80,525 | €48,615 | -€31,910 | -39.6% |
| Amounts payable within one year | 42/48 | €159,989 | €148,311 | -€11,678 | -7.3% |
| Current portion of amounts payable after more than one year | 42 | €31,425 | €31,910 | +€485 | +1.5% |
| Financial debts | 43 | - | €4,000 | +€4,000 | |
| Credit institutions | 430/8 | - | €4,000 | +€4,000 | |
| Trade debts | 44 | €79,821 | €54,079 | -€25,743 | -32.3% |
| Suppliers | 440/4 | €79,821 | €54,079 | -€25,743 | -32.3% |
| Taxes, remuneration and social security | 45 | €48,190 | €57,635 | +€9,445 | +19.6% |
| Taxes | 450/3 | €21,084 | €23,660 | +€2,576 | +12.2% |
| Remuneration and social security | 454/9 | €27,106 | €33,975 | +€6,870 | +25.3% |
| Other amounts payable | 47/48 | €553 | €687 | +€134 | +24.3% |
| Accrued charges and deferred income | 492/3 | - | €94 | +€94 | |
| Remuneration, social security and pensions | 62 | €163,664 | €232,144 | +€68,480 | +41.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,896 | €31,960 | +€64 | +0.2% |
| Other operating charges | 640/8 | €1,149 | €2,235 | +€1,086 | +94.5% |
| Gross operating margin | 9900 | €239,357 | €278,895 | +€39,538 | +16.5% |
| Operating profit (loss) | 9901 | €42,648 | €12,556 | -€30,092 | -70.6% |
| Financial income | 75/76B | €7 | €7 | +€0 | +1.7% |
| Recurring financial income | 75 | €7 | €7 | +€0 | +1.7% |
| Financial charges | 65/66B | €15,732 | €10,932 | -€4,801 | -30.5% |
| Recurring financial charges | 65 | €15,732 | €10,932 | -€4,801 | -30.5% |
| Profit (loss) for the period before taxes | 9903 | €26,922 | €1,631 | -€25,291 | -93.9% |
| Income taxes | 67/77 | €5,361 | €680 | -€4,681 | -87.3% |
| Profit (loss) for the period | 9904 | €21,562 | €951 | -€20,611 | -95.6% |
| Profit (loss) for the period to be appropriated | 9905 | €21,562 | €951 | -€20,611 | -95.6% |
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 25 October 2026 via checked.be.