SPM SOLUTIONS: 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.
SPM SOLUTIONS
Largest movements
- Tangible fixed assets -€30,037
down €30,037 (-5.1%), from €594,541 to €564,504
- Receivables within one year -€10,909
down €10,909 (-33.0%), from €33,047 to €22,137
of which Trade receivables: -€12,221
- Other debts -€23,826
down €23,826 (-10.2%), from €234,030 to €210,204
- Debts after one year -€17,144
down €17,144 (-10.7%), from €159,628 to €142,484
- Reserves +€9,715
up €9,715 (+4.0%), from €242,510 to €252,225
- Gross operating margin -€14,139
down €14,139 (-19.7%), from €71,766 to €57,627
- Depreciation +€7,666
up €7,666 (+31.1%), from €24,641 to €32,307
- Taxes -€5,637
down €5,637 (-43.9%), from €12,827 to €7,190
- Staff costs -€2,010
no longer reported in 2025 (was €2,010)
- Financial income +€927
up €927 (+529%), from €175 to €1,102
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 | €680,053 | €645,806 | -€34,247 | -5.0% |
| Fixed assets | 21/28 | €600,989 | €570,953 | -€30,037 | -5.0% |
| Tangible fixed assets | 22/27 | €594,541 | €564,504 | -€30,037 | -5.1% |
| Land and buildings | 22 | €339,361 | €330,744 | -€8,617 | -2.5% |
| Plant, machinery and equipment | 23 | €69,084 | €59,140 | -€9,944 | -14.4% |
| Furniture and vehicles | 24 | €5,672 | €3,277 | -€2,395 | -42.2% |
| Leasing and similar rights | 25 | €180,423 | €171,342 | -€9,081 | -5.0% |
| Financial fixed assets | 28 | €6,448 | €6,448 | = | 0.0% |
| Current assets | 29/58 | €79,064 | €74,853 | -€4,210 | -5.3% |
| Amounts receivable within one year | 40/41 | €33,047 | €22,137 | -€10,909 | -33.0% |
| Trade receivables | 40 | €27,951 | €15,730 | -€12,221 | -43.7% |
| Other amounts receivable | 41 | €5,096 | €6,407 | +€1,312 | +25.7% |
| Cash at bank and in hand | 54/58 | €44,512 | €50,792 | +€6,281 | +14.1% |
| Deferred charges and accrued income | 490/1 | €1,506 | €1,924 | +€418 | +27.8% |
| Total equity and liabilities | 10/49 | €680,053 | €645,806 | -€34,247 | -5.0% |
| Equity | 10/15 | €250,570 | €260,285 | +€9,715 | +3.9% |
| Contributions | 10/11 | €8,060 | €8,060 | = | 0.0% |
| Reserves | 13 | €242,510 | €252,225 | +€9,715 | +4.0% |
| Distributable reserves | 133 | €242,510 | €252,225 | +€9,715 | +4.0% |
| Amounts payable | 17/49 | €429,483 | €385,521 | -€43,962 | -10.2% |
| Amounts payable after more than one year | 17 | €159,628 | €142,484 | -€17,144 | -10.7% |
| Financial debts | 170/4 | €159,628 | €142,484 | -€17,144 | -10.7% |
| Amounts payable within one year | 42/48 | €269,854 | €243,037 | -€26,818 | -9.9% |
| Current portion of amounts payable after more than one year | 42 | €16,959 | €17,144 | +€185 | +1.1% |
| Trade debts | 44 | €6,216 | €9,534 | +€3,317 | +53.4% |
| Suppliers | 440/4 | €6,216 | €9,534 | +€3,317 | +53.4% |
| Taxes, remuneration and social security | 45 | €12,649 | €6,155 | -€6,494 | -51.3% |
| Taxes | 450/3 | €9,855 | €974 | -€8,881 | -90.1% |
| Remuneration and social security | 454/9 | €2,794 | €5,181 | +€2,387 | +85.4% |
| Other amounts payable | 47/48 | €234,030 | €210,204 | -€23,826 | -10.2% |
| Non-recurring operating income | 76A | - | €77 | +€77 | |
| Remuneration, social security and pensions | 62 | €2,010 | - | -€2,010 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,641 | €32,307 | +€7,666 | +31.1% |
| Other operating charges | 640/8 | €3,171 | €3,426 | +€255 | +8.0% |
| Gross operating margin | 9900 | €71,766 | €57,627 | -€14,139 | -19.7% |
| Operating profit (loss) | 9901 | €41,943 | €21,893 | -€20,050 | -47.8% |
| Financial income | 75/76B | €175 | €1,102 | +€927 | +529% |
| Recurring financial income | 75 | €175 | €1,102 | +€927 | +529% |
| Financial charges | 65/66B | €5,912 | €6,091 | +€179 | +3.0% |
| Recurring financial charges | 65 | €5,912 | €6,091 | +€179 | +3.0% |
| Profit (loss) for the period before taxes | 9903 | €36,207 | €16,905 | -€19,302 | -53.3% |
| Income taxes | 67/77 | €12,827 | €7,190 | -€5,637 | -43.9% |
| Profit (loss) for the period | 9904 | €23,380 | €9,715 | -€13,665 | -58.4% |
| Profit (loss) for the period to be appropriated | 9905 | €23,380 | €9,715 | -€13,665 | -58.4% |
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 18 October 2026 via checked.be.