Dr. van Sprundel: 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. van Sprundel
Largest movements
- Cash -€33,807
down €33,807 (-27.8%), from €121,596 to €87,789
mainly Contributions, distributions and other (-€54,089) and Debts after one year (-€34,109)
- Intangible fixed assets -€30,000
down €30,000 (-25.0%), from €120,000 to €90,000
- Deferred charges and accrued income +€21,029
up €21,029 (+128%), from €16,388 to €37,417
- Receivables within one year -€14,557
down €14,557 (-82.0%), from €17,751 to €3,194
- Tangible fixed assets -€6,592
down €6,592 (-16.2%), from €40,728 to €34,136
of which Plant, machinery and equipment: -€4,571
- Debts after one year -€34,109
down €34,109 (-26.0%), from €131,363 to €97,254
- Other debts -€18,768
down €18,768 (-25.4%), from €73,963 to €55,195
- Tax, wage and social debts -€5,506
down €5,506 (-100%), from €5,506 to €0
- Gross operating margin -€14,849
down €14,849 (-11.4%), from €130,180 to €115,331
- Taxes -€4,247
down €4,247 (-21.1%), from €20,137 to €15,890
- Other operating charges +€2,075
up €2,075 (+538%), from €386 to €2,461
- Depreciation +€1,607
up €1,607 (+4.1%), from €38,943 to €40,550
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 | €401,729 | €343,945 | -€57,784 | -14.4% |
| Fixed assets | 21/28 | €160,728 | €124,136 | -€36,592 | -22.8% |
| Intangible fixed assets | 21 | €120,000 | €90,000 | -€30,000 | -25.0% |
| Tangible fixed assets | 22/27 | €40,728 | €34,136 | -€6,592 | -16.2% |
| Plant, machinery and equipment | 23 | €33,532 | €28,961 | -€4,571 | -13.6% |
| Furniture and vehicles | 24 | €7,196 | €5,175 | -€2,021 | -28.1% |
| Current assets | 29/58 | €241,002 | €219,809 | -€21,193 | -8.8% |
| Amounts receivable within one year | 40/41 | €17,751 | €3,194 | -€14,557 | -82.0% |
| Other amounts receivable | 41 | €17,751 | €3,194 | -€14,557 | -82.0% |
| Current investments | 50/53 | €85,266 | €91,409 | +€6,143 | +7.2% |
| Cash at bank and in hand | 54/58 | €121,596 | €87,789 | -€33,807 | -27.8% |
| Deferred charges and accrued income | 490/1 | €16,388 | €37,417 | +€21,029 | +128% |
| Total equity and liabilities | 10/49 | €401,729 | €343,945 | -€57,784 | -14.4% |
| Equity | 10/15 | €156,650 | €156,650 | = | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €138,050 | €138,050 | = | 0.0% |
| Distributable reserves | 133 | €138,050 | €138,050 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €245,079 | €187,295 | -€57,784 | -23.6% |
| Amounts payable after more than one year | 17 | €131,363 | €97,254 | -€34,109 | -26.0% |
| Financial debts | 170/4 | €131,363 | €97,254 | -€34,109 | -26.0% |
| Amounts payable within one year | 42/48 | €113,209 | €89,304 | -€23,905 | -21.1% |
| Current portion of amounts payable after more than one year | 42 | €33,741 | €34,109 | +€368 | +1.1% |
| Trade debts | 44 | €0 | - | = | |
| Suppliers | 440/4 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €5,506 | €0 | -€5,506 | -100% |
| Taxes | 450/3 | €5,506 | €0 | -€5,506 | -100% |
| Other amounts payable | 47/48 | €73,963 | €55,195 | -€18,768 | -25.4% |
| Accrued charges and deferred income | 492/3 | €507 | €737 | +€230 | +45.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,943 | €40,550 | +€1,607 | +4.1% |
| Other operating charges | 640/8 | €386 | €2,461 | +€2,075 | +538% |
| Gross operating margin | 9900 | €130,180 | €115,331 | -€14,849 | -11.4% |
| Operating profit (loss) | 9901 | €90,851 | €72,320 | -€18,531 | -20.4% |
| Financial income | 75/76B | €539 | €279 | -€260 | -48.2% |
| Recurring financial income | 75 | €539 | €279 | -€260 | -48.2% |
| Financial charges | 65/66B | €2,678 | €2,620 | -€58 | -2.2% |
| Recurring financial charges | 65 | €2,678 | €2,620 | -€58 | -2.2% |
| Profit (loss) for the period before taxes | 9903 | €88,712 | €69,979 | -€18,733 | -21.1% |
| Income taxes | 67/77 | €20,137 | €15,890 | -€4,247 | -21.1% |
| Profit (loss) for the period | 9904 | €68,575 | €54,089 | -€14,486 | -21.1% |
| Profit (loss) for the period to be appropriated | 9905 | €68,575 | €54,089 | -€14,486 | -21.1% |
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 17 October 2026 via checked.be.