PATRICK VAN SPRINGEL: 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.
PATRICK VAN SPRINGEL
Largest movements
- Cash -€174,356
down €174,356 (-100%), from €174,356 to €0
- Receivables after one year +€45,000
up €45,000 (+32.1%), from €140,000 to €185,000
of which Other amounts receivable: +€185,000
- Debts after one year -€200,000
down €200,000 (-36.4%), from €550,000 to €350,000
- Trade debts +€78,009
up €78,009 (+2,144%), from €3,639 to €81,648
- Short-term financial debts +€58,865
up €58,865, from €0 to €58,865
- Gross operating margin -€160,502
down €160,502, from €97,809 to -€62,694
- Financial income +€66,712
up €66,712 (+125%), from €53,192 to €119,903
- Financial charges +€25,905
up €25,905 (+81.1%), from €31,950 to €57,855
- Taxes -€17,742
down €17,742 (-98.1%), from €18,077 to €335
- Depreciation +€16,238
up €16,238 (+526%), from €3,088 to €19,326
From the 2023 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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,602,167 | €2,458,259 | -€143,907 | -5.5% |
| Fixed assets | 21/28 | €2,238,261 | €2,242,536 | +€4,275 | +0.2% |
| Tangible fixed assets | 22/27 | €2,261 | €6,536 | +€4,275 | +189% |
| Furniture and vehicles | 24 | €2,261 | €6,536 | +€4,275 | +189% |
| Financial fixed assets | 28 | €2,236,000 | €2,236,000 | = | 0.0% |
| Current assets | 29/58 | €363,906 | €215,723 | -€148,182 | -40.7% |
| Amounts receivable after more than one year | 29 | €140,000 | €185,000 | +€45,000 | +32.1% |
| Trade receivables | 290 | €140,000 | €0 | -€140,000 | -100% |
| Other amounts receivable | 291 | - | €185,000 | +€185,000 | |
| Amounts receivable within one year | 40/41 | €45,619 | €28,752 | -€16,867 | -37.0% |
| Trade receivables | 40 | €36,777 | €0 | -€36,777 | -100% |
| Other amounts receivable | 41 | €8,842 | €28,752 | +€19,909 | +225% |
| Cash at bank and in hand | 54/58 | €174,356 | €0 | -€174,356 | -100% |
| Deferred charges and accrued income | 490/1 | €3,931 | €1,972 | -€1,960 | -49.8% |
| Total equity and liabilities | 10/49 | €2,602,167 | €2,458,259 | -€143,907 | -5.5% |
| Equity | 10/15 | €1,836,353 | €1,813,338 | -€23,015 | -1.3% |
| Contributions | 10/11 | €470,200 | €470,200 | = | 0.0% |
| Reserves | 13 | €36,869 | €36,869 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €36,869 | €36,869 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,329,284 | €1,306,269 | -€23,015 | -1.7% |
| Amounts payable | 17/49 | €765,814 | €644,922 | -€120,892 | -15.8% |
| Amounts payable after more than one year | 17 | €550,000 | €350,000 | -€200,000 | -36.4% |
| Financial debts | 170/4 | €550,000 | €350,000 | -€200,000 | -36.4% |
| Amounts payable within one year | 42/48 | €190,180 | €288,227 | +€98,047 | +51.6% |
| Current portion of amounts payable after more than one year | 42 | €125,000 | €100,000 | -€25,000 | -20.0% |
| Financial debts | 43 | €0 | €58,865 | +€58,865 | |
| Credit institutions | 430/8 | €0 | €58,865 | +€58,865 | |
| Trade debts | 44 | €3,639 | €81,648 | +€78,009 | +2,144% |
| Suppliers | 440/4 | €3,639 | €81,648 | +€78,009 | +2,144% |
| Taxes, remuneration and social security | 45 | €2,861 | €307 | -€2,554 | -89.3% |
| Taxes | 450/3 | €2,861 | €307 | -€2,554 | -89.3% |
| Other amounts payable | 47/48 | €58,680 | €47,407 | -€11,273 | -19.2% |
| Accrued charges and deferred income | 492/3 | €25,634 | €6,695 | -€18,939 | -73.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,088 | €19,326 | +€16,238 | +526% |
| Other operating charges | 640/8 | €2,098 | €2,708 | +€610 | +29.1% |
| Gross operating margin | 9900 | €97,809 | -€62,694 | -€160,502 | |
| Operating profit (loss) | 9901 | €92,623 | -€84,728 | -€177,351 | |
| Financial income | 75/76B | €53,192 | €119,903 | +€66,712 | +125% |
| Recurring financial income | 75 | €53,192 | €119,903 | +€66,712 | +125% |
| Financial charges | 65/66B | €31,950 | €57,855 | +€25,905 | +81.1% |
| Recurring financial charges | 65 | €31,950 | €57,855 | +€25,905 | +81.1% |
| Profit (loss) for the period before taxes | 9903 | €113,865 | -€22,680 | -€136,544 | |
| Income taxes | 67/77 | €18,077 | €335 | -€17,742 | -98.1% |
| Profit (loss) for the period | 9904 | €95,788 | -€23,015 | -€118,802 | |
| Profit (loss) for the period to be appropriated | 9905 | €95,788 | -€23,015 | -€118,802 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.