DR. SPRENGHERS JAN: 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. SPRENGHERS JAN
Largest movements
- Receivables within one year -€87,122
down €87,122 (-46.6%), from €187,122 to €100,000
- Cash +€65,208
up €65,208 (+54.0%), from €120,662 to €185,871
mainly Net result for the year (+€181,776) and Receivables within one year (+€87,122)
- Tangible fixed assets -€28,265
down €28,265 (-8.8%), from €319,971 to €291,706
of which Land and buildings: -€20,700
- Reserves -€88,224
down €88,224 (-31.5%), from €279,878 to €191,654
- Other debts +€61,997
new in 2025: €61,997
- Debts after one year -€35,409
down €35,409 (-13.3%), from €266,341 to €230,932
of which Financial debts: -€261,075
- Tax, wage and social debts +€6,925
up €6,925 (+27.3%), from €25,333 to €32,258
of which Taxes: +€6,951
- Gross operating margin +€78,004
up €78,004 (+35.9%), from €217,095 to €295,099
- Taxes +€20,763
up €20,763 (+58.0%), from €35,789 to €56,553
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 | €627,865 | €577,577 | -€50,288 | -8.0% |
| Fixed assets | 21/28 | €319,971 | €291,706 | -€28,265 | -8.8% |
| Tangible fixed assets | 22/27 | €319,971 | €291,706 | -€28,265 | -8.8% |
| Land and buildings | 22 | €273,700 | €253,000 | -€20,700 | -7.6% |
| Plant, machinery and equipment | 23 | €7,103 | €11,403 | +€4,299 | +60.5% |
| Furniture and vehicles | 24 | €39,167 | €27,303 | -€11,864 | -30.3% |
| Current assets | 29/58 | €307,894 | €285,871 | -€22,024 | -7.2% |
| Amounts receivable within one year | 40/41 | €187,122 | €100,000 | -€87,122 | -46.6% |
| Other amounts receivable | 41 | €187,122 | €100,000 | -€87,122 | -46.6% |
| Cash at bank and in hand | 54/58 | €120,662 | €185,871 | +€65,208 | +54.0% |
| Deferred charges and accrued income | 490/1 | €110 | - | -€110 | |
| Total equity and liabilities | 10/49 | €627,865 | €577,577 | -€50,288 | -8.0% |
| Equity | 10/15 | €292,278 | €204,054 | -€88,224 | -30.2% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €279,878 | €191,654 | -€88,224 | -31.5% |
| Distributable reserves | 133 | €279,878 | €191,654 | -€88,224 | -31.5% |
| Amounts payable | 17/49 | €335,587 | €373,523 | +€37,935 | +11.3% |
| Amounts payable after more than one year | 17 | €266,341 | €230,932 | -€35,409 | -13.3% |
| Financial debts | 170/4 | €266,341 | €5,266 | -€261,075 | -98.0% |
| Trade debts | 175 | - | €225,666 | +€225,666 | |
| Amounts payable within one year | 42/48 | €69,247 | €142,590 | +€73,344 | +106% |
| Current portion of amounts payable after more than one year | 42 | €42,582 | €47,209 | +€4,626 | +10.9% |
| Trade debts | 44 | €1,331 | €1,127 | -€205 | -15.4% |
| Suppliers | 440/4 | €1,331 | €1,127 | -€205 | -15.4% |
| Taxes, remuneration and social security | 45 | €25,333 | €32,258 | +€6,925 | +27.3% |
| Taxes | 450/3 | €25,016 | €31,967 | +€6,951 | +27.8% |
| Remuneration and social security | 454/9 | €317 | €291 | -€26 | -8.2% |
| Other amounts payable | 47/48 | - | €61,997 | +€61,997 | |
| Remuneration, social security and pensions | 62 | €8,681 | €7,022 | -€1,658 | -19.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,364 | €35,937 | +€1,573 | +4.6% |
| Other operating charges | 640/8 | €3,272 | €2,014 | -€1,258 | -38.4% |
| Gross operating margin | 9900 | €217,095 | €295,099 | +€78,004 | +35.9% |
| Operating profit (loss) | 9901 | €170,778 | €250,126 | +€79,348 | +46.5% |
| Financial charges | 65/66B | €10,784 | €11,797 | +€1,013 | +9.4% |
| Recurring financial charges | 65 | €10,784 | €11,797 | +€1,013 | +9.4% |
| Profit (loss) for the period before taxes | 9903 | €159,994 | €238,329 | +€78,335 | +49.0% |
| Income taxes | 67/77 | €35,789 | €56,553 | +€20,763 | +58.0% |
| Profit (loss) for the period | 9904 | €124,205 | €181,776 | +€57,571 | +46.4% |
| Profit (loss) for the period to be appropriated | 9905 | €124,205 | €181,776 | +€57,571 | +46.4% |
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 29 October 2026 via checked.be.