SPQA: 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.
SPQA
Largest movements
- Tangible fixed assets -€46,895
down €46,895 (-87.7%), from €53,444 to €6,549
of which Land and buildings: -€43,551
- Cash +€23,649
up €23,649 (+155.1%), from €15,248 to €38,897
mainly Investment in fixed assets (net) (+€43,040) and Other debts (+€35,000)
- Receivables within one year +€14,819
up €14,819 (+433.7%), from €3,417 to €18,236
of which Trade receivables: +€9,075
- Profit (loss) carried forward -€37,645
down €37,645 (-96.1%), from €39,186 to €1,541
- Other debts +€35,000
new in 2025: €35,000
- Debts after one year -€7,154
down €7,154 (-41.9%), from €17,082 to €9,928
- Trade debts +€2,064
up €2,064 (+206.4%), from €1,000 to €3,064
- Tax, wage and social debts -€934
down €934 (-15.7%), from €5,929 to €4,995
- Gross operating margin +€4,719
up €4,719 (+36.6%), from €12,900 to €17,619
- Taxes -€814
down €814 (-40.7%), from €2,000 to €1,186
- Financial charges +€753
up €753 (+25.2%), from €2,990 to €3,742
- Depreciation -€562
down €562 (-12.7%), from €4,418 to €3,856
- Other operating charges +€458
up €458 (+447.3%), from €102 to €561
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 | €72,109 | €63,682 | -€8,427 | -11.7% |
| Fixed assets | 21/28 | €53,444 | €6,549 | -€46,895 | -87.7% |
| Tangible fixed assets | 22/27 | €53,444 | €6,549 | -€46,895 | -87.7% |
| Land and buildings | 22 | €43,551 | - | -€43,551 | |
| Plant, machinery and equipment | 23 | €3,360 | €1,908 | -€1,452 | -43.2% |
| Furniture and vehicles | 24 | €6,533 | €4,641 | -€1,892 | -29.0% |
| Current assets | 29/58 | €18,665 | €57,133 | +€38,468 | +206.1% |
| Amounts receivable within one year | 40/41 | €3,417 | €18,236 | +€14,819 | +433.7% |
| Trade receivables | 40 | - | €9,075 | +€9,075 | |
| Other amounts receivable | 41 | €3,417 | €9,161 | +€5,744 | +168.1% |
| Cash at bank and in hand | 54/58 | €15,248 | €38,897 | +€23,649 | +155.1% |
| Total equity and liabilities | 10/49 | €72,109 | €63,682 | -€8,427 | -11.7% |
| Equity | 10/15 | €41,186 | €3,541 | -€37,645 | -91.4% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €39,186 | €1,541 | -€37,645 | -96.1% |
| Amounts payable | 17/49 | €30,923 | €60,141 | +€29,218 | +94.5% |
| Amounts payable after more than one year | 17 | €17,082 | €9,928 | -€7,154 | -41.9% |
| Financial debts | 170/4 | €17,082 | €9,928 | -€7,154 | -41.9% |
| Amounts payable within one year | 42/48 | €13,841 | €50,213 | +€36,371 | +262.8% |
| Current portion of amounts payable after more than one year | 42 | €6,912 | €7,154 | +€241 | +3.5% |
| Trade debts | 44 | €1,000 | €3,064 | +€2,064 | +206.4% |
| Suppliers | 440/4 | €1,000 | €3,064 | +€2,064 | +206.4% |
| Taxes, remuneration and social security | 45 | €5,929 | €4,995 | -€934 | -15.7% |
| Taxes | 450/3 | €5,929 | €4,995 | -€934 | -15.7% |
| Other amounts payable | 47/48 | - | €35,000 | +€35,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,418 | €3,856 | -€562 | -12.7% |
| Other operating charges | 640/8 | €102 | €561 | +€458 | +447.3% |
| Non-recurring operating charges | 66A | - | €11,051 | +€11,051 | |
| Gross operating margin | 9900 | €12,900 | €17,619 | +€4,719 | +36.6% |
| Operating profit (loss) | 9901 | €8,379 | €2,151 | -€6,227 | -74.3% |
| Financial income | 75/76B | €59 | €132 | +€73 | +123.5% |
| Recurring financial income | 75 | €59 | €132 | +€73 | +123.5% |
| Financial charges | 65/66B | €2,990 | €3,742 | +€753 | +25.2% |
| Recurring financial charges | 65 | €2,990 | €3,742 | +€753 | +25.2% |
| Profit (loss) for the period before taxes | 9903 | €5,448 | -€1,459 | -€6,907 | |
| Income taxes | 67/77 | €2,000 | €1,186 | -€814 | -40.7% |
| Profit (loss) for the period | 9904 | €3,448 | -€2,645 | -€6,093 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,448 | -€2,645 | -€6,093 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.