SPS PUMPS: 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.
SPS PUMPS
Largest movements
- Receivables within one year +€64,608
up €64,608 (+33.6%), from €192,230 to €256,839
of which Trade receivables: +€66,948
- Cash +€25,185
up €25,185 (+15.7%), from €160,401 to €185,586
mainly Net result for the year (+€143,162) and Depreciation (+€33,092)
- Intangible fixed assets -€11,668
down €11,668 (-26.5%), from €43,954 to €32,286
- Tangible fixed assets -€10,645
down €10,645 (-4.8%), from €224,067 to €213,422
of which Furniture and vehicles: -€10,051
- Profit (loss) carried forward +€58,532
up €58,532 (+20.6%), from €284,748 to €343,280
- Other debts +€24,544
up €24,544 (+40.8%), from €60,086 to €84,630
- Debts after one year -€20,678
down €20,678 (-18.4%), from €112,558 to €91,881
- Trade debts +€9,939
up €9,939 (+11.1%), from €89,493 to €99,431
- Gross operating margin +€39,205
up €39,205 (+11.7%), from €333,850 to €373,055
- Taxes +€7,145
up €7,145 (+35.8%), from €19,952 to €27,097
- Staff costs -€4,876
down €4,876 (-2.9%), from €167,742 to €162,866
- Financial charges -€4,120
down €4,120 (-42.6%), from €9,682 to €5,562
of which Non-recurring financial charges: -€4,075
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 | €844,034 | €923,084 | +€79,050 | +9.4% |
| Fixed assets | 21/28 | €268,020 | €245,708 | -€22,312 | -8.3% |
| Intangible fixed assets | 21 | €43,954 | €32,286 | -€11,668 | -26.5% |
| Tangible fixed assets | 22/27 | €224,067 | €213,422 | -€10,645 | -4.8% |
| Land and buildings | 22 | €164,020 | €168,776 | +€4,756 | +2.9% |
| Plant, machinery and equipment | 23 | €36,033 | €30,684 | -€5,349 | -14.8% |
| Furniture and vehicles | 24 | €24,013 | €13,962 | -€10,051 | -41.9% |
| Current assets | 29/58 | €576,014 | €677,376 | +€101,362 | +17.6% |
| Stocks and contracts in progress | 3 | €222,826 | €230,482 | +€7,656 | +3.4% |
| Stocks | 30/36 | €222,826 | €230,482 | +€7,656 | +3.4% |
| Amounts receivable within one year | 40/41 | €192,230 | €256,839 | +€64,608 | +33.6% |
| Trade receivables | 40 | €184,711 | €251,659 | +€66,948 | +36.2% |
| Other amounts receivable | 41 | €7,519 | €5,180 | -€2,339 | -31.1% |
| Cash at bank and in hand | 54/58 | €160,401 | €185,586 | +€25,185 | +15.7% |
| Deferred charges and accrued income | 490/1 | €556 | €4,469 | +€3,913 | +703% |
| Total equity and liabilities | 10/49 | €844,034 | €923,084 | +€79,050 | +9.4% |
| Equity | 10/15 | €524,222 | €582,410 | +€58,188 | +11.1% |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Capital | 10 | €200,000 | €200,000 | = | 0.0% |
| Issued capital | 100 | €200,000 | €200,000 | = | 0.0% |
| Reserves | 13 | €20,000 | €20,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €20,000 | €20,000 | = | 0.0% |
| Legal reserve | 130 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €284,748 | €343,280 | +€58,532 | +20.6% |
| Investment grants | 15 | €19,474 | €19,129 | -€344 | -1.8% |
| Amounts payable | 17/49 | €319,812 | €340,674 | +€20,861 | +6.5% |
| Amounts payable after more than one year | 17 | €112,558 | €91,881 | -€20,678 | -18.4% |
| Financial debts | 170/4 | €112,558 | €91,881 | -€20,678 | -18.4% |
| Amounts payable within one year | 42/48 | €207,254 | €248,793 | +€41,539 | +20.0% |
| Current portion of amounts payable after more than one year | 42 | €35,593 | €42,274 | +€6,681 | +18.8% |
| Trade debts | 44 | €89,493 | €99,431 | +€9,939 | +11.1% |
| Suppliers | 440/4 | €89,493 | €99,431 | +€9,939 | +11.1% |
| Taxes, remuneration and social security | 45 | €22,083 | €22,458 | +€376 | +1.7% |
| Taxes | 450/3 | €1,332 | €5,226 | +€3,894 | +292% |
| Remuneration and social security | 454/9 | €20,751 | €17,232 | -€3,518 | -17.0% |
| Other amounts payable | 47/48 | €60,086 | €84,630 | +€24,544 | +40.8% |
| Remuneration, social security and pensions | 62 | €167,742 | €162,866 | -€4,876 | -2.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,164 | €33,092 | +€928 | +2.9% |
| Other operating charges | 640/8 | €4,293 | €5,157 | +€865 | +20.1% |
| Gross operating margin | 9900 | €333,850 | €373,055 | +€39,205 | +11.7% |
| Operating profit (loss) | 9901 | €129,651 | €171,939 | +€42,288 | +32.6% |
| Financial income | 75/76B | €416 | €3,881 | +€3,465 | +833% |
| Recurring financial income | 75 | €416 | €3,881 | +€3,465 | +833% |
| Financial charges | 65/66B | €9,682 | €5,562 | -€4,120 | -42.6% |
| Recurring financial charges | 65 | €5,607 | €5,562 | -€45 | -0.8% |
| Non-recurring financial charges | 66B | €4,075 | - | -€4,075 | |
| Profit (loss) for the period before taxes | 9903 | €120,385 | €170,259 | +€49,874 | +41.4% |
| Income taxes | 67/77 | €19,952 | €27,097 | +€7,145 | +35.8% |
| Profit (loss) for the period | 9904 | €100,434 | €143,162 | +€42,729 | +42.5% |
| Profit (loss) for the period to be appropriated | 9905 | €100,434 | €143,162 | +€42,729 | +42.5% |
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 15 October 2026 via checked.be.