SPPS: 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.
SPPS
Largest movements
- Tangible fixed assets -€16,575
down €16,575 (-15.9%), from €103,937 to €87,362
of which Plant, machinery and equipment: -€10,036
- Deferred charges and accrued income +€5,284
up €5,284 (+146.2%), from €3,614 to €8,898
- Current investments -€2,900
down €2,900 (-100.0%), from €2,900 to €0
- Cash -€2,724
down €2,724 (-81.4%), from €3,345 to €621
mainly Trade debts (-€45,240) and Net result for the year (-€20,377)
- Stocks and contracts -€2,698
down €2,698 (-78.0%), from €3,458 to €760
- Trade debts -€45,240
down €45,240 (-44.5%), from €101,698 to €56,458
- Debts after one year +€39,501
up €39,501 (+299.5%), from €13,190 to €52,692
- Profit (loss) carried forward -€20,377
down €20,377 (-94.6%), from -€21,546 to -€41,924
- Current portion of long-term debt +€8,676
up €8,676 (+243.6%), from €3,562 to €12,239
- Gross operating margin +€12,718
up €12,718 (+58.1%), from €21,879 to €34,597
- Depreciation +€11,877
up €11,877 (+130.7%), from €9,090 to €20,967
- Staff costs -€2,608
down €2,608 (-10.0%), from €26,201 to €23,593
- Financial charges +€2,511
up €2,511 (+47.7%), from €5,260 to €7,770
- Other operating charges -€640
down €640 (-15.6%), from €4,097 to €3,457
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €142,096 | €124,040 | -€18,057 | -12.7% |
| Fixed assets | 21/28 | €103,937 | €87,362 | -€16,575 | -15.9% |
| Tangible fixed assets | 22/27 | €103,937 | €87,362 | -€16,575 | -15.9% |
| Plant, machinery and equipment | 23 | €75,859 | €65,823 | -€10,036 | -13.2% |
| Furniture and vehicles | 24 | €19,938 | €14,399 | -€5,540 | -27.8% |
| Other tangible fixed assets | 26 | €8,140 | €7,141 | -€999 | -12.3% |
| Current assets | 29/58 | €38,159 | €36,678 | -€1,482 | -3.9% |
| Stocks and contracts in progress | 3 | €3,458 | €760 | -€2,698 | -78.0% |
| Stocks | 30/36 | €3,458 | €760 | -€2,698 | -78.0% |
| Amounts receivable within one year | 40/41 | €24,843 | €26,399 | +€1,556 | +6.3% |
| Trade receivables | 40 | €4,552 | €4,052 | -€500 | -11.0% |
| Other amounts receivable | 41 | €20,291 | €22,347 | +€2,056 | +10.1% |
| Current investments | 50/53 | €2,900 | €0 | -€2,900 | -100.0% |
| Cash at bank and in hand | 54/58 | €3,345 | €621 | -€2,724 | -81.4% |
| Deferred charges and accrued income | 490/1 | €3,614 | €8,898 | +€5,284 | +146.2% |
| Total equity and liabilities | 10/49 | €142,096 | €124,040 | -€18,057 | -12.7% |
| Equity | 10/15 | €2,536 | -€17,842 | -€20,377 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €5,482 | €5,482 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €5,482 | €5,482 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€21,546 | -€41,924 | -€20,377 | -94.6% |
| Amounts payable | 17/49 | €139,561 | €141,882 | +€2,321 | +1.7% |
| Amounts payable after more than one year | 17 | €13,190 | €52,692 | +€39,501 | +299.5% |
| Financial debts | 170/4 | €13,190 | €52,692 | +€39,501 | +299.5% |
| Amounts payable within one year | 42/48 | €126,371 | €89,190 | -€37,180 | -29.4% |
| Current portion of amounts payable after more than one year | 42 | €3,562 | €12,239 | +€8,676 | +243.6% |
| Financial debts | 43 | €2,883 | €3,142 | +€259 | +9.0% |
| Credit institutions | 430/8 | €0 | - | = | |
| Other loans | 439 | €2,883 | €3,142 | +€259 | +9.0% |
| Trade debts | 44 | €101,698 | €56,458 | -€45,240 | -44.5% |
| Suppliers | 440/4 | €101,698 | €56,458 | -€45,240 | -44.5% |
| Advances received on contracts in progress | 46 | €10,890 | €11,326 | +€436 | +4.0% |
| Taxes, remuneration and social security | 45 | €7,337 | €6,026 | -€1,312 | -17.9% |
| Taxes | 450/3 | €5,197 | €5,323 | +€125 | +2.4% |
| Remuneration and social security | 454/9 | €2,140 | €703 | -€1,437 | -67.1% |
| Non-recurring operating income | 76A | €5,425 | €0 | -€5,425 | -100.0% |
| Remuneration, social security and pensions | 62 | €26,201 | €23,593 | -€2,608 | -10.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,090 | €20,967 | +€11,877 | +130.7% |
| Other operating charges | 640/8 | €4,097 | €3,457 | -€640 | -15.6% |
| Non-recurring operating charges | 66A | €5 | €0 | -€5 | -100.0% |
| Gross operating margin | 9900 | €21,879 | €34,597 | +€12,718 | +58.1% |
| Operating profit (loss) | 9901 | -€17,513 | -€13,420 | +€4,093 | +23.4% |
| Financial income | 75/76B | €1,509 | €1,131 | -€378 | -25.0% |
| Recurring financial income | 75 | €1,509 | €1,131 | -€378 | -25.0% |
| Financial charges | 65/66B | €5,260 | €7,770 | +€2,511 | +47.7% |
| Recurring financial charges | 65 | €5,260 | €7,770 | +€2,511 | +47.7% |
| Profit (loss) for the period before taxes | 9903 | -€21,264 | -€20,059 | +€1,204 | +5.7% |
| Income taxes | 67/77 | €282 | €318 | +€35 | +12.6% |
| Profit (loss) for the period | 9904 | -€21,546 | -€20,377 | +€1,169 | +5.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€21,546 | -€20,377 | +€1,169 | +5.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.