Dr. G. Vanspringel: 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.
Dr. G. Vanspringel
Largest movements
- Receivables within one year +€92,788
up €92,788 (+48.8%), from €190,107 to €282,895
of which Other amounts receivable: +€92,788
- Tangible fixed assets -€16,008
down €16,008 (-7.6%), from €209,940 to €193,932
of which Land and buildings: -€15,300
- Current investments +€12,133
up €12,133 (+90.3%), from €13,431 to €25,564
- Cash -€9,641
down €9,641 (-36.8%), from €26,173 to €16,532
mainly Receivables within one year (-€92,788) and Other debts (-€41,457)
- Reserves +€84,840
up €84,840 (+22.4%), from €378,347 to €463,187
of which Distributable reserves: +€84,840
- Other debts -€41,457
down €41,457 (-100%), from €41,457 to €0
- Debts after one year +€34,766
up €34,766, from €0 to €34,766
- Tax, wage and social debts -€17,738
down €17,738 (-75.0%), from €23,647 to €5,909
- Current portion of long-term debt +€13,645
up €13,645 (+509%), from €2,681 to €16,326
- Gross operating margin +€48,919
up €48,919 (+31.9%), from €153,558 to €202,477
- Taxes +€31,916
up €31,916 (+70.8%), from €45,071 to €76,987
- Financial income -€18,342
down €18,342 (-71.3%), from €25,712 to €7,369
of which Financial income: -€18,342
- Financial charges +€17,358
up €17,358 (+268%), from €6,485 to €23,842
- Depreciation -€3,403
down €3,403 (-15.6%), from €21,771 to €18,367
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 | €469,172 | €546,948 | +€77,776 | +16.6% |
| Fixed assets | 21/28 | €209,940 | €193,932 | -€16,008 | -7.6% |
| Tangible fixed assets | 22/27 | €209,940 | €193,932 | -€16,008 | -7.6% |
| Land and buildings | 22 | €203,392 | €188,092 | -€15,300 | -7.5% |
| Furniture and vehicles | 24 | €6,548 | €5,840 | -€708 | -10.8% |
| Current assets | 29/58 | €259,233 | €353,017 | +€93,784 | +36.2% |
| Amounts receivable within one year | 40/41 | €190,107 | €282,895 | +€92,788 | +48.8% |
| Trade receivables | 40 | €21,000 | €21,000 | = | 0.0% |
| Other amounts receivable | 41 | €169,107 | €261,895 | +€92,788 | +54.9% |
| Current investments | 50/53 | €13,431 | €25,564 | +€12,133 | +90.3% |
| Cash at bank and in hand | 54/58 | €26,173 | €16,532 | -€9,641 | -36.8% |
| Deferred charges and accrued income | 490/1 | €29,521 | €28,025 | -€1,496 | -5.1% |
| Total equity and liabilities | 10/49 | €469,172 | €546,948 | +€77,776 | +16.6% |
| Equity | 10/15 | €378,347 | €463,187 | +€84,840 | +22.4% |
| Contributions | 10/11 | €0 | - | = | |
| Reserves | 13 | €378,347 | €463,187 | +€84,840 | +22.4% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €378,347 | €463,187 | +€84,840 | +22.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €90,826 | €83,762 | -€7,064 | -7.8% |
| Amounts payable after more than one year | 17 | €0 | €34,766 | +€34,766 | |
| Financial debts | 170/4 | €0 | €34,766 | +€34,766 | |
| Amounts payable within one year | 42/48 | €90,826 | €48,996 | -€41,830 | -46.1% |
| Current portion of amounts payable after more than one year | 42 | €2,681 | €16,326 | +€13,645 | +509% |
| Financial debts | 43 | €13,461 | €16,507 | +€3,046 | +22.6% |
| Credit institutions | 430/8 | €13,461 | €16,507 | +€3,046 | +22.6% |
| Trade debts | 44 | €9,580 | €10,254 | +€675 | +7.0% |
| Suppliers | 440/4 | €9,580 | €10,254 | +€675 | +7.0% |
| Taxes, remuneration and social security | 45 | €23,647 | €5,909 | -€17,738 | -75.0% |
| Taxes | 450/3 | €23,647 | €5,909 | -€17,738 | -75.0% |
| Other amounts payable | 47/48 | €41,457 | €0 | -€41,457 | -100% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,771 | €18,367 | -€3,403 | -15.6% |
| Other operating charges | 640/8 | €4,657 | €5,809 | +€1,152 | +24.7% |
| Non-recurring operating charges | 66A | €364 | €0 | -€364 | -100% |
| Gross operating margin | 9900 | €153,558 | €202,477 | +€48,919 | +31.9% |
| Operating profit (loss) | 9901 | €126,767 | €178,301 | +€51,534 | +40.7% |
| Financial income | 75/76B | €25,712 | €7,369 | -€18,342 | -71.3% |
| Recurring financial income | 75 | €25,712 | €7,369 | -€18,342 | -71.3% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €6,485 | €23,842 | +€17,358 | +268% |
| Recurring financial charges | 65 | €6,485 | €23,842 | +€17,358 | +268% |
| Profit (loss) for the period before taxes | 9903 | €145,994 | €161,827 | +€15,834 | +10.8% |
| Income taxes | 67/77 | €45,071 | €76,987 | +€31,916 | +70.8% |
| Profit (loss) for the period | 9904 | €100,923 | €84,840 | -€16,082 | -15.9% |
| Profit (loss) for the period to be appropriated | 9905 | €100,923 | €84,840 | -€16,082 | -15.9% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.