SPROJEX: 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.
SPROJEX
Largest movements
- Tangible fixed assets -€22,436
down €22,436 (-19.8%), from €113,420 to €90,983
of which Leasing and similar rights: -€18,983
- Cash +€19,214
up €19,214 (+25.7%), from €74,889 to €94,102
mainly Depreciation (+€27,480) and Net result for the year (+€21,145)
- Receivables within one year -€3,555
down €3,555 (-14.0%), from €25,394 to €21,839
of which Other amounts receivable: -€4,280
- Reserves +€21,145
up €21,145 (+11.6%), from €182,119 to €203,263
- Other debts -€13,555
down €13,555 (-93.5%), from €14,493 to €939
- Debts after one year -€12,886
down €12,886 (-24.8%), from €52,016 to €39,130
- Depreciation +€15,441
up €15,441 (+128.3%), from €12,039 to €27,480
- Gross operating margin +€4,874
up €4,874 (+8.3%), from €58,817 to €63,690
- Taxes -€2,015
down €2,015 (-15.8%), from €12,742 to €10,727
- Other operating charges -€1,746
down €1,746 (-43.1%), from €4,050 to €2,304
- Financial charges -€851
down €851 (-24.9%), from €3,411 to €2,560
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 | €276,476 | €270,070 | -€6,406 | -2.3% |
| Fixed assets | 21/28 | €113,420 | €90,983 | -€22,436 | -19.8% |
| Tangible fixed assets | 22/27 | €113,420 | €90,983 | -€22,436 | -19.8% |
| Plant, machinery and equipment | 23 | €5,690 | €5,028 | -€662 | -11.6% |
| Furniture and vehicles | 24 | €15,615 | €12,823 | -€2,792 | -17.9% |
| Leasing and similar rights | 25 | €92,115 | €73,132 | -€18,983 | -20.6% |
| Current assets | 29/58 | €163,056 | €179,086 | +€16,030 | +9.8% |
| Amounts receivable within one year | 40/41 | €25,394 | €21,839 | -€3,555 | -14.0% |
| Trade receivables | 40 | €16,776 | €17,501 | +€725 | +4.3% |
| Other amounts receivable | 41 | €8,618 | €4,338 | -€4,280 | -49.7% |
| Current investments | 50/53 | €51,423 | €51,423 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €74,889 | €94,102 | +€19,214 | +25.7% |
| Deferred charges and accrued income | 490/1 | €11,351 | €11,722 | +€372 | +3.3% |
| Total equity and liabilities | 10/49 | €276,476 | €270,070 | -€6,406 | -2.3% |
| Equity | 10/15 | €188,319 | €209,463 | +€21,145 | +11.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €182,119 | €203,263 | +€21,145 | +11.6% |
| Distributable reserves | 133 | €182,119 | €203,263 | +€21,145 | +11.6% |
| Amounts payable | 17/49 | €88,157 | €60,606 | -€27,551 | -31.3% |
| Amounts payable after more than one year | 17 | €52,016 | €39,130 | -€12,886 | -24.8% |
| Financial debts | 170/4 | €52,016 | €39,130 | -€12,886 | -24.8% |
| Amounts payable within one year | 42/48 | €36,141 | €21,476 | -€14,665 | -40.6% |
| Current portion of amounts payable after more than one year | 42 | €12,431 | €12,886 | +€455 | +3.7% |
| Trade debts | 44 | €3,145 | €2,639 | -€506 | -16.1% |
| Suppliers | 440/4 | €3,145 | €2,639 | -€506 | -16.1% |
| Taxes, remuneration and social security | 45 | €6,072 | €5,012 | -€1,060 | -17.5% |
| Taxes | 450/3 | €6,072 | €5,012 | -€1,060 | -17.5% |
| Other amounts payable | 47/48 | €14,493 | €939 | -€13,555 | -93.5% |
| Non-recurring operating income | 76A | €17,526 | - | -€17,526 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,039 | €27,480 | +€15,441 | +128.3% |
| Other operating charges | 640/8 | €4,050 | €2,304 | -€1,746 | -43.1% |
| Non-recurring operating charges | 66A | - | €986 | +€986 | |
| Gross operating margin | 9900 | €58,817 | €63,690 | +€4,874 | +8.3% |
| Operating profit (loss) | 9901 | €42,727 | €32,921 | -€9,806 | -23.0% |
| Financial income | 75/76B | €833 | €1,511 | +€678 | +81.3% |
| Recurring financial income | 75 | €833 | €1,511 | +€678 | +81.3% |
| Financial charges | 65/66B | €3,411 | €2,560 | -€851 | -24.9% |
| Recurring financial charges | 65 | €3,411 | €2,560 | -€851 | -24.9% |
| Profit (loss) for the period before taxes | 9903 | €40,150 | €31,872 | -€8,278 | -20.6% |
| Income taxes | 67/77 | €12,742 | €10,727 | -€2,015 | -15.8% |
| Profit (loss) for the period | 9904 | €27,407 | €21,145 | -€6,262 | -22.8% |
| Profit (loss) for the period to be appropriated | 9905 | €27,407 | €21,145 | -€6,262 | -22.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.