SPQR SOLUTIONS: 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.
SPQR SOLUTIONS
Largest movements
- Receivables within one year +€74,778
up €74,778 (+379%), from €19,732 to €94,510
of which Trade receivables: +€64,591
- Stocks and contracts -€59,686
down €59,686 (-86.8%), from €68,737 to €9,051
- Tangible fixed assets -€9,814
down €9,814 (-31.0%), from €31,618 to €21,804
- Cash +€6,268
up €6,268 (+17.2%), from €36,524 to €42,792
mainly Stocks and contracts (+€59,686) and Net result for the year (+€52,612)
- Deferred charges and accrued income +€2,730
up €2,730 (+871%), from €313 to €3,044
- Accrued charges and deferred income -€67,239
down €67,239 (-100%), from €67,239 to €0
- Profit (loss) carried forward +€52,612
up €52,612 (+816%), from €6,447 to €59,059
- Trade debts +€24,766
up €24,766 (+70.1%), from €35,329 to €60,095
- Tax, wage and social debts +€15,141
up €15,141 (+157%), from €9,660 to €24,800
of which Taxes: +€18,882
- Debts after one year -€11,148
down €11,148 (-64.6%), from €17,246 to €6,098
- Gross operating margin +€121,648
up €121,648 (+102%), from €119,012 to €240,660
- Staff costs +€50,030
up €50,030 (+49.4%), from €101,350 to €151,381
- Taxes +€14,193
up €14,193 (+2,114%), from €671 to €14,864
- Depreciation +€10,061
up €10,061 (+117%), from €8,631 to €18,693
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 | €156,924 | €171,200 | +€14,276 | +9.1% |
| Fixed assets | 21/28 | €31,618 | €21,804 | -€9,814 | -31.0% |
| Tangible fixed assets | 22/27 | €31,618 | €21,804 | -€9,814 | -31.0% |
| Furniture and vehicles | 24 | €31,618 | €21,804 | -€9,814 | -31.0% |
| Current assets | 29/58 | €125,306 | €149,396 | +€24,090 | +19.2% |
| Stocks and contracts in progress | 3 | €68,737 | €9,051 | -€59,686 | -86.8% |
| Stocks | 30/36 | €68,737 | €9,051 | -€59,686 | -86.8% |
| Amounts receivable within one year | 40/41 | €19,732 | €94,510 | +€74,778 | +379% |
| Trade receivables | 40 | €18,083 | €82,674 | +€64,591 | +357% |
| Other amounts receivable | 41 | €1,649 | €11,836 | +€10,187 | +618% |
| Cash at bank and in hand | 54/58 | €36,524 | €42,792 | +€6,268 | +17.2% |
| Deferred charges and accrued income | 490/1 | €313 | €3,044 | +€2,730 | +871% |
| Total equity and liabilities | 10/49 | €156,924 | €171,200 | +€14,276 | +9.1% |
| Equity | 10/15 | €16,447 | €69,059 | +€52,612 | +320% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,447 | €59,059 | +€52,612 | +816% |
| Amounts payable | 17/49 | €140,477 | €102,141 | -€38,336 | -27.3% |
| Amounts payable after more than one year | 17 | €17,246 | €6,098 | -€11,148 | -64.6% |
| Financial debts | 170/4 | €17,246 | €6,098 | -€11,148 | -64.6% |
| Amounts payable within one year | 42/48 | €55,993 | €96,043 | +€40,050 | +71.5% |
| Current portion of amounts payable after more than one year | 42 | €10,634 | €11,148 | +€514 | +4.8% |
| Trade debts | 44 | €35,329 | €60,095 | +€24,766 | +70.1% |
| Suppliers | 440/4 | €35,329 | €60,095 | +€24,766 | +70.1% |
| Taxes, remuneration and social security | 45 | €9,660 | €24,800 | +€15,141 | +157% |
| Taxes | 450/3 | €1,580 | €20,462 | +€18,882 | +1,195% |
| Remuneration and social security | 454/9 | €8,080 | €4,338 | -€3,741 | -46.3% |
| Other amounts payable | 47/48 | €370 | €0 | -€370 | -100% |
| Accrued charges and deferred income | 492/3 | €67,239 | €0 | -€67,239 | -100% |
| Remuneration, social security and pensions | 62 | €101,350 | €151,381 | +€50,030 | +49.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,631 | €18,693 | +€10,061 | +117% |
| Other operating charges | 640/8 | €821 | €1,741 | +€920 | +112% |
| Non-recurring operating charges | 66A | - | €105 | +€105 | |
| Gross operating margin | 9900 | €119,012 | €240,660 | +€121,648 | +102% |
| Operating profit (loss) | 9901 | €8,210 | €68,741 | +€60,531 | +737% |
| Financial income | 75/76B | €359 | €223 | -€135 | -37.7% |
| Recurring financial income | 75 | €359 | €223 | -€135 | -37.7% |
| Financial charges | 65/66B | €1,450 | €1,488 | +€37 | +2.6% |
| Recurring financial charges | 65 | €1,450 | €1,488 | +€37 | +2.6% |
| Profit (loss) for the period before taxes | 9903 | €7,118 | €67,476 | +€60,358 | +848% |
| Income taxes | 67/77 | €671 | €14,864 | +€14,193 | +2,114% |
| Profit (loss) for the period | 9904 | €6,447 | €52,612 | +€46,166 | +716% |
| Profit (loss) for the period to be appropriated | 9905 | €6,447 | €52,612 | +€46,166 | +716% |
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 13 October 2026 via checked.be.