SPU CONSULT: 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.
SPU CONSULT
Largest movements
- Receivables within one year +€5,727
up €5,727 (+43.6%), from €13,125 to €18,851
of which Other amounts receivable: +€4,145
- Cash +€4,638
up €4,638 (+13.3%), from €34,789 to €39,426
mainly Net result for the year (+€13,876) and Depreciation (+€1,836)
- Reserves +€13,043
up €13,043 (+30.7%), from €42,469 to €55,512
- Tax, wage and social debts -€4,517
down €4,517 (-33.1%), from €13,655 to €9,138
- Short-term financial debts +€1,389
up €1,389 (+153%), from €910 to €2,299
- Gross operating margin +€3,021
up €3,021 (+14.0%), from €21,516 to €24,536
- Taxes +€1,681
up €1,681 (+27.9%), from €6,023 to €7,704
- Financial charges -€1,389
down €1,389 (-89.6%), from €1,550 to €161
- Other operating charges +€580
up €580 (+113%), from €514 to €1,095
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €62,240 | €72,473 | +€10,233 | +16.4% |
| Formation expenses | 20 | €387 | €170 | -€217 | -56.0% |
| Fixed assets | 21/28 | €3,127 | €2,664 | -€464 | -14.8% |
| Tangible fixed assets | 22/27 | €3,127 | €2,664 | -€464 | -14.8% |
| Furniture and vehicles | 24 | €3,127 | €2,664 | -€464 | -14.8% |
| Current assets | 29/58 | €58,726 | €69,639 | +€10,913 | +18.6% |
| Amounts receivable within one year | 40/41 | €13,125 | €18,851 | +€5,727 | +43.6% |
| Trade receivables | 40 | €11,798 | €13,379 | +€1,582 | +13.4% |
| Other amounts receivable | 41 | €1,327 | €5,472 | +€4,145 | +312% |
| Current investments | 50/53 | €10,000 | €10,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €34,789 | €39,426 | +€4,638 | +13.3% |
| Deferred charges and accrued income | 490/1 | €813 | €1,362 | +€549 | +67.6% |
| Total equity and liabilities | 10/49 | €62,240 | €72,473 | +€10,233 | +16.4% |
| Equity | 10/15 | €45,469 | €58,512 | +€13,043 | +28.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €42,469 | €55,512 | +€13,043 | +30.7% |
| Distributable reserves | 133 | €42,469 | €55,512 | +€13,043 | +30.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €16,771 | €13,961 | -€2,810 | -16.8% |
| Amounts payable within one year | 42/48 | €16,771 | €13,961 | -€2,810 | -16.8% |
| Financial debts | 43 | €910 | €2,299 | +€1,389 | +153% |
| Credit institutions | 430/8 | €910 | €2,299 | +€1,389 | +153% |
| Trade debts | 44 | €1,623 | €1,905 | +€282 | +17.3% |
| Suppliers | 440/4 | €1,623 | €1,905 | +€282 | +17.3% |
| Taxes, remuneration and social security | 45 | €13,655 | €9,138 | -€4,517 | -33.1% |
| Taxes | 450/3 | €13,655 | €9,138 | -€4,517 | -33.1% |
| Other amounts payable | 47/48 | €583 | €620 | +€36 | +6.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,978 | €1,836 | -€142 | -7.2% |
| Other operating charges | 640/8 | €514 | €1,095 | +€580 | +113% |
| Non-recurring operating charges | 66A | €718 | €0 | -€718 | -100% |
| Gross operating margin | 9900 | €21,516 | €24,536 | +€3,021 | +14.0% |
| Operating profit (loss) | 9901 | €18,305 | €21,605 | +€3,300 | +18.0% |
| Financial income | 75/76B | €90 | €135 | +€45 | +49.8% |
| Recurring financial income | 75 | €90 | €135 | +€45 | +49.8% |
| Financial charges | 65/66B | €1,550 | €161 | -€1,389 | -89.6% |
| Recurring financial charges | 65 | €1,550 | €161 | -€1,389 | -89.6% |
| Profit (loss) for the period before taxes | 9903 | €16,845 | €21,580 | +€4,734 | +28.1% |
| Income taxes | 67/77 | €6,023 | €7,704 | +€1,681 | +27.9% |
| Profit (loss) for the period | 9904 | €10,822 | €13,876 | +€3,054 | +28.2% |
| Profit (loss) for the period to be appropriated | 9905 | €10,822 | €13,876 | +€3,054 | +28.2% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.