CSPD: 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.
CSPD
Largest movements
- Cash +€37,807
up €37,807 (+11,393%), from €332 to €38,139
mainly Net result for the year (+€58,132) and Depreciation (+€13,398)
- Profit (loss) carried forward +€58,132
up €58,132 (+23.5%), from €247,777 to €305,909
- Provisions -€37,984
down €37,984 (-6.2%), from €610,221 to €572,237
- Financial income +€15,996
up €15,996 (+42.4%), from €37,683 to €53,679
- Gross operating margin +€4,566
up €4,566 (+9.2%), from €49,380 to €53,947
- Financial charges -€2,263
down €2,263 (-6.2%), from €36,353 to €34,090
- Other operating charges -€1,563
down €1,563 (-47.2%), from €3,313 to €1,750
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 | €2,908,114 | €2,937,071 | +€28,957 | +1.0% |
| Fixed assets | 21/28 | €2,804,631 | €2,794,482 | -€10,148 | -0.4% |
| Tangible fixed assets | 22/27 | €33,567 | €23,418 | -€10,148 | -30.2% |
| Plant, machinery and equipment | 23 | €1,507 | €1,400 | -€106 | -7.1% |
| Furniture and vehicles | 24 | €23,429 | €15,605 | -€7,824 | -33.4% |
| Other tangible fixed assets | 26 | €8,631 | €6,413 | -€2,218 | -25.7% |
| Financial fixed assets | 28 | €2,771,064 | €2,771,064 | = | 0.0% |
| Current assets | 29/58 | €103,483 | €142,588 | +€39,105 | +37.8% |
| Amounts receivable after more than one year | 29 | €18,500 | €13,500 | -€5,000 | -27.0% |
| Other amounts receivable | 291 | €18,500 | €13,500 | -€5,000 | -27.0% |
| Amounts receivable within one year | 40/41 | €78,035 | €80,374 | +€2,339 | +3.0% |
| Trade receivables | 40 | €26,123 | €27,463 | +€1,339 | +5.1% |
| Other amounts receivable | 41 | €51,912 | €52,911 | +€1,000 | +1.9% |
| Cash at bank and in hand | 54/58 | €332 | €38,139 | +€37,807 | +11,393% |
| Deferred charges and accrued income | 490/1 | €6,616 | €10,575 | +€3,959 | +59.8% |
| Total equity and liabilities | 10/49 | €2,908,114 | €2,937,071 | +€28,957 | +1.0% |
| Equity | 10/15 | €2,265,034 | €2,323,166 | +€58,132 | +2.6% |
| Contributions | 10/11 | €2,015,000 | €2,015,000 | = | 0.0% |
| Reserves | 13 | €2,256 | €2,256 | = | 0.0% |
| Distributable reserves | 133 | €2,256 | €2,256 | = | 0.0% |
| Profit (loss) carried forward | 14 | €247,777 | €305,909 | +€58,132 | +23.5% |
| Provisions and deferred taxes | 16 | €610,221 | €572,237 | -€37,984 | -6.2% |
| Provisions for liabilities and charges | 160/5 | €610,221 | €572,237 | -€37,984 | -6.2% |
| Other liabilities and charges | 164/5 | €610,221 | €572,237 | -€37,984 | -6.2% |
| Amounts payable | 17/49 | €32,859 | €41,668 | +€8,809 | +26.8% |
| Amounts payable within one year | 42/48 | €19,169 | €28,810 | +€9,642 | +50.3% |
| Trade debts | 44 | €9,208 | €18,545 | +€9,337 | +101% |
| Suppliers | 440/4 | €9,208 | €18,545 | +€9,337 | +101% |
| Taxes, remuneration and social security | 45 | €9,960 | €10,265 | +€305 | +3.1% |
| Taxes | 450/3 | €9,960 | €10,265 | +€305 | +3.1% |
| Accrued charges and deferred income | 492/3 | €13,690 | €12,857 | -€833 | -6.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,626 | €13,398 | -€229 | -1.7% |
| Other operating charges | 640/8 | €3,313 | €1,750 | -€1,563 | -47.2% |
| Gross operating margin | 9900 | €49,380 | €53,947 | +€4,566 | +9.2% |
| Operating profit (loss) | 9901 | €32,441 | €38,799 | +€6,358 | +19.6% |
| Financial income | 75/76B | €37,683 | €53,679 | +€15,996 | +42.4% |
| Recurring financial income | 75 | €37,683 | €53,679 | +€15,996 | +42.4% |
| Financial charges | 65/66B | €36,353 | €34,090 | -€2,263 | -6.2% |
| Recurring financial charges | 65 | €36,353 | €34,090 | -€2,263 | -6.2% |
| Profit (loss) for the period before taxes | 9903 | €33,771 | €58,389 | +€24,618 | +72.9% |
| Income taxes | 67/77 | €570 | €257 | -€313 | -54.9% |
| Profit (loss) for the period | 9904 | €33,201 | €58,132 | +€24,931 | +75.1% |
| Profit (loss) for the period to be appropriated | 9905 | €33,201 | €58,132 | +€24,931 | +75.1% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.