SPS-CONSTRUCT: 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.
SPS-CONSTRUCT
Largest movements
- Deferred charges and accrued income +€11,474
up €11,474 (+2108.5%), from €544 to €12,019
- Cash +€5,327
up €5,327 (+14.4%), from €36,984 to €42,310
mainly Trade debts (+€12,302) and Tax, wage and social debts (+€7,251)
- Tangible fixed assets +€4,896
up €4,896 (+194.8%), from €2,513 to €7,409
of which Furniture and vehicles: +€3,563
- Receivables within one year -€3,162
down €3,162 (-6.9%), from €45,948 to €42,786
of which Trade receivables: -€3,932
- Trade debts +€12,302
up €12,302 (+69.8%), from €17,634 to €29,935
- Tax, wage and social debts +€7,251
up €7,251 (+37.8%), from €19,178 to €26,429
of which Remuneration and social security: +€6,071
- Staff costs +€18,984
up €18,984 (+262.3%), from €7,238 to €26,221
- Gross operating margin +€12,752
up €12,752 (+52.4%), from €24,317 to €37,069
- Depreciation -€3,640
down €3,640 (-54.7%), from €6,648 to €3,008
- Taxes +€1,621
up €1,621 (+50.0%), from €3,242 to €4,863
- Other operating charges -€1,261
down €1,261 (-31.5%), from €3,997 to €2,736
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 | €86,159 | €104,694 | +€18,535 | +21.5% |
| Fixed assets | 21/28 | €2,683 | €7,579 | +€4,896 | +182.5% |
| Tangible fixed assets | 22/27 | €2,513 | €7,409 | +€4,896 | +194.8% |
| Plant, machinery and equipment | 23 | €230 | €893 | +€663 | +287.6% |
| Furniture and vehicles | 24 | - | €3,563 | +€3,563 | |
| Leasing and similar rights | 25 | €2,282 | €2,952 | +€670 | +29.3% |
| Financial fixed assets | 28 | €170 | €170 | = | 0.0% |
| Current assets | 29/58 | €83,476 | €97,115 | +€13,639 | +16.3% |
| Amounts receivable within one year | 40/41 | €45,948 | €42,786 | -€3,162 | -6.9% |
| Trade receivables | 40 | €40,151 | €36,219 | -€3,932 | -9.8% |
| Other amounts receivable | 41 | €5,797 | €6,567 | +€769 | +13.3% |
| Cash at bank and in hand | 54/58 | €36,984 | €42,310 | +€5,327 | +14.4% |
| Deferred charges and accrued income | 490/1 | €544 | €12,019 | +€11,474 | +2108.5% |
| Total equity and liabilities | 10/49 | €86,159 | €104,694 | +€18,535 | +21.5% |
| Equity | 10/15 | €43,365 | €43,187 | -€178 | -0.4% |
| Contributions | 10/11 | €1 | €1 | = | 0.0% |
| Reserves | 13 | €7,963 | €7,963 | = | 0.0% |
| Distributable reserves | 133 | €7,963 | €7,963 | = | 0.0% |
| Profit (loss) carried forward | 14 | €35,400 | €35,223 | -€178 | -0.5% |
| Amounts payable | 17/49 | €42,794 | €61,507 | +€18,713 | +43.7% |
| Amounts payable within one year | 42/48 | €42,664 | €61,507 | +€18,843 | +44.2% |
| Current portion of amounts payable after more than one year | 42 | €5,852 | €5,142 | -€710 | -12.1% |
| Trade debts | 44 | €17,634 | €29,935 | +€12,302 | +69.8% |
| Suppliers | 440/4 | €17,634 | €29,935 | +€12,302 | +69.8% |
| Taxes, remuneration and social security | 45 | €19,178 | €26,429 | +€7,251 | +37.8% |
| Taxes | 450/3 | €19,028 | €20,208 | +€1,180 | +6.2% |
| Remuneration and social security | 454/9 | €150 | €6,221 | +€6,071 | +4035.2% |
| Accrued charges and deferred income | 492/3 | €130 | - | -€130 | |
| Remuneration, social security and pensions | 62 | €7,238 | €26,221 | +€18,984 | +262.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,648 | €3,008 | -€3,640 | -54.7% |
| Other operating charges | 640/8 | €3,997 | €2,736 | -€1,261 | -31.5% |
| Gross operating margin | 9900 | €24,317 | €37,069 | +€12,752 | +52.4% |
| Operating profit (loss) | 9901 | €6,435 | €5,103 | -€1,332 | -20.7% |
| Financial income | 75/76B | €130 | €545 | +€416 | +319.9% |
| Recurring financial income | 75 | €130 | €545 | +€416 | +319.9% |
| Financial charges | 65/66B | €897 | €963 | +€66 | +7.4% |
| Recurring financial charges | 65 | €897 | €963 | +€66 | +7.4% |
| Profit (loss) for the period before taxes | 9903 | €5,668 | €4,685 | -€983 | -17.3% |
| Income taxes | 67/77 | €3,242 | €4,863 | +€1,621 | +50.0% |
| Profit (loss) for the period | 9904 | €2,426 | -€178 | -€2,604 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,426 | -€178 | -€2,604 |
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 7 October 2026 via checked.be.