SPM TRANSPORT & LOGISTICS: 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 TRANSPORT & LOGISTICS
Largest movements
- Receivables within one year +€93,659
up €93,659 (+402%), from €23,317 to €116,975
- Intangible fixed assets +€16,789
up €16,789 (+6,199%), from €271 to €17,060
- Cash +€10,965
up €10,965 (+1,070%), from €1,025 to €11,989
mainly Trade debts (+€133,835) and Net result for the year (+€8,294)
- Deferred charges and accrued income +€2,367
up €2,367 (+83.7%), from €2,827 to €5,194
- Trade debts +€133,835
up €133,835 (+680%), from €19,683 to €153,518
- Other debts -€15,379
down €15,379 (-88.3%), from €17,409 to €2,030
- Profit (loss) carried forward +€8,294
up €8,294 (+5.9%), from -€140,403 to -€132,109
- Short-term financial debts -€5,521
down €5,521 (-38.0%), from €14,524 to €9,003
- Tax, wage and social debts +€4,312
up €4,312 (+18.6%), from €23,121 to €27,433
of which Taxes: +€2,165
- Gross operating margin +€81,377
up €81,377 (+57.1%), from €142,554 to €223,932
- Staff costs +€76,164
up €76,164 (+60.2%), from €126,465 to €202,630
- Financial charges -€2,264
down €2,264 (-21.3%), from €10,618 to €8,354
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 | €29,681 | €154,776 | +€125,095 | +421% |
| Fixed assets | 21/28 | €2,513 | €20,618 | +€18,105 | +720% |
| Intangible fixed assets | 21 | €271 | €17,060 | +€16,789 | +6,199% |
| Tangible fixed assets | 22/27 | €1,021 | €836 | -€185 | -18.1% |
| Furniture and vehicles | 24 | €1,021 | €836 | -€185 | -18.1% |
| Financial fixed assets | 28 | €1,222 | €2,722 | +€1,500 | +123% |
| Current assets | 29/58 | €27,168 | €134,158 | +€106,990 | +394% |
| Amounts receivable within one year | 40/41 | €23,317 | €116,975 | +€93,659 | +402% |
| Trade receivables | 40 | €23,317 | €116,975 | +€93,659 | +402% |
| Cash at bank and in hand | 54/58 | €1,025 | €11,989 | +€10,965 | +1,070% |
| Deferred charges and accrued income | 490/1 | €2,827 | €5,194 | +€2,367 | +83.7% |
| Total equity and liabilities | 10/49 | €29,681 | €154,776 | +€125,095 | +421% |
| Equity | 10/15 | -€45,993 | -€37,699 | +€8,294 | +18.0% |
| Contributions | 10/11 | €94,410 | €94,410 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€140,403 | -€132,109 | +€8,294 | +5.9% |
| Amounts payable | 17/49 | €75,675 | €192,476 | +€116,801 | +154% |
| Amounts payable within one year | 42/48 | €74,738 | €191,985 | +€117,247 | +157% |
| Financial debts | 43 | €14,524 | €9,003 | -€5,521 | -38.0% |
| Credit institutions | 430/8 | €14,524 | €9,003 | -€5,521 | -38.0% |
| Trade debts | 44 | €19,683 | €153,518 | +€133,835 | +680% |
| Suppliers | 440/4 | €19,683 | €153,518 | +€133,835 | +680% |
| Taxes, remuneration and social security | 45 | €23,121 | €27,433 | +€4,312 | +18.6% |
| Taxes | 450/3 | €9,143 | €11,308 | +€2,165 | +23.7% |
| Remuneration and social security | 454/9 | €13,978 | €16,125 | +€2,147 | +15.4% |
| Other amounts payable | 47/48 | €17,409 | €2,030 | -€15,379 | -88.3% |
| Accrued charges and deferred income | 492/3 | €937 | €491 | -€446 | -47.6% |
| Remuneration, social security and pensions | 62 | €126,465 | €202,630 | +€76,164 | +60.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3 | €976 | +€973 | +32,983% |
| Other operating charges | 640/8 | €2,178 | €400 | -€1,778 | -81.6% |
| Non-recurring operating charges | 66A | - | €1,035 | +€1,035 | |
| Gross operating margin | 9900 | €142,554 | €223,932 | +€81,377 | +57.1% |
| Operating profit (loss) | 9901 | €13,908 | €18,892 | +€4,983 | +35.8% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €10,618 | €8,354 | -€2,264 | -21.3% |
| Recurring financial charges | 65 | €10,618 | €8,354 | -€2,264 | -21.3% |
| Profit (loss) for the period before taxes | 9903 | €3,292 | €10,538 | +€7,246 | +220% |
| Income taxes | 67/77 | €38 | €2,244 | +€2,206 | +5,859% |
| Profit (loss) for the period | 9904 | €3,254 | €8,294 | +€5,040 | +155% |
| Profit (loss) for the period to be appropriated | 9905 | €3,254 | €8,294 | +€5,040 | +155% |
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.