SPOCS: 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.
SPOCS
Largest movements
- Receivables within one year +€20,176
up €20,176 (+116.9%), from €17,253 to €37,429
- Tangible fixed assets +€15,107
up €15,107 (+5.0%), from €303,673 to €318,780
of which Plant, machinery and equipment: +€28,287
- Cash +€13,902
up €13,902 (+24.4%), from €57,026 to €70,928
mainly Net result for the year (+€30,655) and Trade debts (+€17,408)
- Reserves +€30,655
up €30,655 (+80.9%), from €37,876 to €68,531
- Trade debts +€17,408
up €17,408 (+56.1%), from €31,016 to €48,424
- Tax, wage and social debts +€15,562
up €15,562 (+55.3%), from €28,133 to €43,695
of which Taxes: +€12,821
- Debts after one year -€14,055
down €14,055 (-5.5%), from €255,386 to €241,331
- Gross operating margin +€14,911
up €14,911 (+17.8%), from €83,863 to €98,774
- Taxes -€7,627
down €7,627 (-93.4%), from €8,166 to €539
- Financial charges +€5,983
up €5,983 (+127.0%), from €4,712 to €10,695
- Depreciation +€4,332
up €4,332 (+38.8%), from €11,173 to €15,505
- Staff costs +€4,297
up €4,297 (+11.9%), from €36,191 to €40,488
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 | €378,387 | €428,500 | +€50,113 | +13.2% |
| Fixed assets | 21/28 | €303,923 | €319,030 | +€15,107 | +5.0% |
| Tangible fixed assets | 22/27 | €303,673 | €318,780 | +€15,107 | +5.0% |
| Land and buildings | 22 | €297,246 | €285,246 | -€12,000 | -4.0% |
| Plant, machinery and equipment | 23 | €2,801 | €31,088 | +€28,287 | +1009.9% |
| Furniture and vehicles | 24 | €3,626 | €2,446 | -€1,180 | -32.5% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €74,464 | €109,470 | +€35,006 | +47.0% |
| Amounts receivable within one year | 40/41 | €17,253 | €37,429 | +€20,176 | +116.9% |
| Trade receivables | 40 | €17,253 | €37,429 | +€20,176 | +116.9% |
| Cash at bank and in hand | 54/58 | €57,026 | €70,928 | +€13,902 | +24.4% |
| Deferred charges and accrued income | 490/1 | €185 | €1,113 | +€928 | +501.6% |
| Total equity and liabilities | 10/49 | €378,387 | €428,500 | +€50,113 | +13.2% |
| Equity | 10/15 | €47,876 | €78,531 | +€30,655 | +64.0% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €37,876 | €68,531 | +€30,655 | +80.9% |
| Distributable reserves | 133 | €37,876 | €68,531 | +€30,655 | +80.9% |
| Amounts payable | 17/49 | €330,511 | €349,969 | +€19,458 | +5.9% |
| Amounts payable after more than one year | 17 | €255,386 | €241,331 | -€14,055 | -5.5% |
| Financial debts | 170/4 | €255,386 | €241,331 | -€14,055 | -5.5% |
| Amounts payable within one year | 42/48 | €75,125 | €108,638 | +€33,513 | +44.6% |
| Current portion of amounts payable after more than one year | 42 | €13,512 | €14,055 | +€543 | +4.0% |
| Trade debts | 44 | €31,016 | €48,424 | +€17,408 | +56.1% |
| Suppliers | 440/4 | €31,016 | €48,424 | +€17,408 | +56.1% |
| Taxes, remuneration and social security | 45 | €28,133 | €43,695 | +€15,562 | +55.3% |
| Taxes | 450/3 | €17,589 | €30,410 | +€12,821 | +72.9% |
| Remuneration and social security | 454/9 | €10,544 | €13,285 | +€2,741 | +26.0% |
| Other amounts payable | 47/48 | €2,464 | €2,464 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €36,191 | €40,488 | +€4,297 | +11.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,173 | €15,505 | +€4,332 | +38.8% |
| Other operating charges | 640/8 | €1,027 | €1,325 | +€298 | +29.0% |
| Gross operating margin | 9900 | €83,863 | €98,774 | +€14,911 | +17.8% |
| Operating profit (loss) | 9901 | €35,472 | €41,456 | +€5,984 | +16.9% |
| Financial income | 75/76B | €55 | €433 | +€378 | +687.3% |
| Recurring financial income | 75 | €55 | €433 | +€378 | +687.3% |
| Financial charges | 65/66B | €4,712 | €10,695 | +€5,983 | +127.0% |
| Recurring financial charges | 65 | €4,712 | €10,695 | +€5,983 | +127.0% |
| Profit (loss) for the period before taxes | 9903 | €30,815 | €31,194 | +€379 | +1.2% |
| Income taxes | 67/77 | €8,166 | €539 | -€7,627 | -93.4% |
| Profit (loss) for the period | 9904 | €22,649 | €30,655 | +€8,006 | +35.3% |
| Profit (loss) for the period to be appropriated | 9905 | €22,649 | €30,655 | +€8,006 | +35.3% |
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 12 October 2026 via checked.be.