SPOR: 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.
SPOR
Largest movements
- Tangible fixed assets -€38,127
down €38,127 (-3.1%), from €1.2m to €1.2m
of which Land and buildings: -€31,469
- Debts after one year -€63,632
down €63,632 (-5.6%), from €1.1m to €1.1m
- Reserves +€15,740
up €15,740 (+23.0%), from €68,300 to €84,040
- Gross operating margin -€20,961
down €20,961 (-18.2%), from €115,103 to €94,142
- Taxes -€4,275
down €4,275 (-45.5%), from €9,396 to €5,121
- Other operating charges -€3,018
down €3,018 (-37.0%), from €8,149 to €5,131
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 | €1,294,394 | €1,245,262 | -€49,132 | -3.8% |
| Fixed assets | 21/28 | €1,224,245 | €1,186,118 | -€38,127 | -3.1% |
| Tangible fixed assets | 22/27 | €1,224,245 | €1,186,118 | -€38,127 | -3.1% |
| Land and buildings | 22 | €1,185,260 | €1,153,791 | -€31,469 | -2.7% |
| Plant, machinery and equipment | 23 | €4,245 | €2,470 | -€1,774 | -41.8% |
| Furniture and vehicles | 24 | €34,740 | €29,856 | -€4,884 | -14.1% |
| Current assets | 29/58 | €70,149 | €59,145 | -€11,005 | -15.7% |
| Amounts receivable within one year | 40/41 | €25,422 | €26,094 | +€672 | +2.6% |
| Trade receivables | 40 | €1,735 | €2,288 | +€553 | +31.8% |
| Other amounts receivable | 41 | €23,687 | €23,807 | +€120 | +0.5% |
| Cash at bank and in hand | 54/58 | €42,862 | €31,102 | -€11,760 | -27.4% |
| Deferred charges and accrued income | 490/1 | €1,865 | €1,948 | +€83 | +4.5% |
| Total equity and liabilities | 10/49 | €1,294,394 | €1,245,262 | -€49,132 | -3.8% |
| Equity | 10/15 | €74,506 | €90,247 | +€15,741 | +21.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €68,300 | €84,040 | +€15,740 | +23.0% |
| Distributable reserves | 133 | €68,300 | €84,040 | +€15,740 | +23.0% |
| Profit (loss) carried forward | 14 | €6 | €7 | +€1 | +25.9% |
| Amounts payable | 17/49 | €1,219,888 | €1,155,015 | -€64,873 | -5.3% |
| Amounts payable after more than one year | 17 | €1,145,075 | €1,081,443 | -€63,632 | -5.6% |
| Financial debts | 170/4 | €1,145,075 | €1,081,443 | -€63,632 | -5.6% |
| Amounts payable within one year | 42/48 | €74,813 | €73,573 | -€1,241 | -1.7% |
| Current portion of amounts payable after more than one year | 42 | €69,104 | €70,223 | +€1,119 | +1.6% |
| Trade debts | 44 | €3,679 | €1,319 | -€2,359 | -64.1% |
| Suppliers | 440/4 | €3,679 | €1,319 | -€2,359 | -64.1% |
| Other amounts payable | 47/48 | €2,031 | €2,031 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49,245 | €48,876 | -€369 | -0.7% |
| Other operating charges | 640/8 | €8,149 | €5,131 | -€3,018 | -37.0% |
| Gross operating margin | 9900 | €115,103 | €94,142 | -€20,961 | -18.2% |
| Operating profit (loss) | 9901 | €57,709 | €40,135 | -€17,574 | -30.5% |
| Financial income | 75/76B | €1,060 | €894 | -€167 | -15.7% |
| Recurring financial income | 75 | €1,060 | €894 | -€167 | -15.7% |
| Financial charges | 65/66B | €21,287 | €20,166 | -€1,121 | -5.3% |
| Recurring financial charges | 65 | €21,287 | €20,166 | -€1,121 | -5.3% |
| Profit (loss) for the period before taxes | 9903 | €37,482 | €20,863 | -€16,619 | -44.3% |
| Income taxes | 67/77 | €9,396 | €5,121 | -€4,275 | -45.5% |
| Profit (loss) for the period | 9904 | €28,086 | €15,741 | -€12,344 | -44.0% |
| Profit (loss) for the period to be appropriated | 9905 | €28,086 | €15,741 | -€12,344 | -44.0% |
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.