SPO2T: what changed
Two fiscal 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.
SPO2T
Largest movements
- Cash -€132,558
down €132,558 (-76.9%), from €172,384 to €39,826
mainly Contributions, distributions and other (-€340,000) and Current portion of long-term debt (-€13,445)
- Current investments -€100,000
down €100,000 (-100.0%), from €100,000 to €0
- Receivables within one year -€9,572
down €9,572 (-55.5%), from €17,252 to €7,680
of which Other amounts receivable: -€10,532
- Profit (loss) carried forward -€261,749
down €261,749 (-90.3%), from €289,738 to €27,989
- Other debts +€37,658
up €37,658 (+48.1%), from €78,220 to €115,878
- Current portion of long-term debt -€13,445
down €13,445 (-83.3%), from €16,146 to €2,702
- Gross operating margin +€7,042
up €7,042 (+7.1%), from €98,989 to €106,032
- Financial income -€3,486
down €3,486 (-75.0%), from €4,650 to €1,164
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.
Cash bridge derived
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 | €410,848 | €170,220 | -€240,628 | -58.6% |
| Fixed assets | 21/28 | €116,100 | €117,527 | +€1,428 | +1.2% |
| Tangible fixed assets | 22/27 | €3,823 | €5,250 | +€1,428 | +37.3% |
| Furniture and vehicles | 24 | €3,823 | €5,250 | +€1,428 | +37.3% |
| Financial fixed assets | 28 | €112,277 | €112,277 | = | 0.0% |
| Current assets | 29/58 | €294,749 | €52,693 | -€242,056 | -82.1% |
| Amounts receivable within one year | 40/41 | €17,252 | €7,680 | -€9,572 | -55.5% |
| Trade receivables | 40 | - | €960 | +€960 | |
| Other amounts receivable | 41 | €17,252 | €6,720 | -€10,532 | -61.0% |
| Current investments | 50/53 | €100,000 | €0 | -€100,000 | -100.0% |
| Cash at bank and in hand | 54/58 | €172,384 | €39,826 | -€132,558 | -76.9% |
| Deferred charges and accrued income | 490/1 | €5,113 | €5,187 | +€74 | +1.4% |
| Total equity and liabilities | 10/49 | €410,848 | €170,220 | -€240,628 | -58.6% |
| Equity | 10/15 | €308,338 | €46,589 | -€261,749 | -84.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €289,738 | €27,989 | -€261,749 | -90.3% |
| Amounts payable | 17/49 | €102,510 | €123,631 | +€21,121 | +20.6% |
| Amounts payable after more than one year | 17 | €2,677 | €0 | -€2,677 | -100.0% |
| Financial debts | 170/4 | €2,677 | €0 | -€2,677 | -100.0% |
| Amounts payable within one year | 42/48 | €98,324 | €123,000 | +€24,676 | +25.1% |
| Current portion of amounts payable after more than one year | 42 | €16,146 | €2,702 | -€13,445 | -83.3% |
| Trade debts | 44 | €3,508 | €3,970 | +€463 | +13.2% |
| Suppliers | 440/4 | €3,508 | €3,970 | +€463 | +13.2% |
| Taxes, remuneration and social security | 45 | €450 | €450 | = | 0.0% |
| Taxes | 450/3 | €450 | €450 | = | 0.0% |
| Other amounts payable | 47/48 | €78,220 | €115,878 | +€37,658 | +48.1% |
| Accrued charges and deferred income | 492/3 | €1,509 | €631 | -€878 | -58.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,461 | €1,572 | +€111 | +7.6% |
| Other operating charges | 640/8 | €792 | €400 | -€392 | -49.5% |
| Gross operating margin | 9900 | €98,989 | €106,032 | +€7,042 | +7.1% |
| Operating profit (loss) | 9901 | €96,736 | €104,060 | +€7,324 | +7.6% |
| Financial income | 75/76B | €4,650 | €1,164 | -€3,486 | -75.0% |
| Recurring financial income | 75 | €4,650 | €1,164 | -€3,486 | -75.0% |
| Financial charges | 65/66B | €690 | €599 | -€91 | -13.2% |
| Recurring financial charges | 65 | €690 | €599 | -€91 | -13.2% |
| Profit (loss) for the period before taxes | 9903 | €100,696 | €104,625 | +€3,929 | +3.9% |
| Income taxes | 67/77 | €25,809 | €26,374 | +€565 | +2.2% |
| Profit (loss) for the period | 9904 | €74,887 | €78,251 | +€3,364 | +4.5% |
| Profit (loss) for the period to be appropriated | 9905 | €74,887 | €78,251 | +€3,364 | +4.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.