SPL PAINT: what changed
Two fiscal 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.
SPL PAINT
Largest movements
- Receivables within one year +€30,769
up €30,769 (+28.5%), from €108,095 to €138,864
of which Other amounts receivable: +€29,935
- Tangible fixed assets +€11,113
up €11,113, from €0 to €11,113
of which Furniture and vehicles: +€9,718
- Reserves +€44,600
up €44,600 (+30.5%), from €146,400 to €191,000
of which Distributable reserves: +€44,600
- Debts after one year -€6,000
down €6,000 (-38.7%), from €15,500 to €9,500
- Tax, wage and social debts +€3,565
up €3,565 (+34.9%), from €10,205 to €13,770
- Depreciation +€1,732
up €1,732 (+555.0%), from €312 to €2,044
- Financial charges +€1,415
up €1,415 (+48.3%), from €2,928 to €4,343
- Other operating charges -€1,377
down €1,377 (-61.1%), from €2,254 to €877
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.
Cash bridge derived
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 | €251,976 | €292,434 | +€40,458 | +16.1% |
| Fixed assets | 21/28 | €0 | €11,113 | +€11,113 | |
| Tangible fixed assets | 22/27 | €0 | €11,113 | +€11,113 | |
| Plant, machinery and equipment | 23 | €0 | €1,395 | +€1,395 | |
| Furniture and vehicles | 24 | - | €9,718 | +€9,718 | |
| Current assets | 29/58 | €251,976 | €281,321 | +€29,345 | +11.6% |
| Amounts receivable after more than one year | 29 | €102,132 | €102,132 | -€0 | 0.0% |
| Other amounts receivable | 291 | €102,132 | €102,132 | -€0 | 0.0% |
| Amounts receivable within one year | 40/41 | €108,095 | €138,864 | +€30,769 | +28.5% |
| Trade receivables | 40 | €0 | €834 | +€834 | |
| Other amounts receivable | 41 | €108,095 | €138,030 | +€29,935 | +27.7% |
| Cash at bank and in hand | 54/58 | €27,058 | €28,327 | +€1,269 | +4.7% |
| Deferred charges and accrued income | 490/1 | €14,691 | €11,998 | -€2,693 | -18.3% |
| Total equity and liabilities | 10/49 | €251,976 | €292,434 | +€40,458 | +16.1% |
| Equity | 10/15 | €197,445 | €241,125 | +€43,680 | +22.1% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €146,400 | €191,000 | +€44,600 | +30.5% |
| Non-distributable reserves | 130/1 | €2,500 | €2,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,500 | €2,500 | = | 0.0% |
| Distributable reserves | 133 | €143,900 | €188,500 | +€44,600 | +31.0% |
| Profit (loss) carried forward | 14 | €1,045 | €125 | -€920 | -88.0% |
| Amounts payable | 17/49 | €54,531 | €51,309 | -€3,222 | -5.9% |
| Amounts payable after more than one year | 17 | €15,500 | €9,500 | -€6,000 | -38.7% |
| Financial debts | 170/4 | €15,500 | €9,500 | -€6,000 | -38.7% |
| Amounts payable within one year | 42/48 | €38,378 | €40,704 | +€2,326 | +6.1% |
| Trade debts | 44 | €2,864 | €268 | -€2,596 | -90.7% |
| Suppliers | 440/4 | €2,864 | €268 | -€2,596 | -90.7% |
| Advances received on contracts in progress | 46 | €1,091 | €0 | -€1,091 | -100.0% |
| Taxes, remuneration and social security | 45 | €10,205 | €13,770 | +€3,565 | +34.9% |
| Taxes | 450/3 | €10,205 | €13,770 | +€3,565 | +34.9% |
| Other amounts payable | 47/48 | €24,218 | €26,666 | +€2,448 | +10.1% |
| Accrued charges and deferred income | 492/3 | €653 | €1,105 | +€452 | +69.2% |
| Non-recurring operating income | 76A | - | €826 | +€826 | |
| Remuneration, social security and pensions | 62 | €596 | €601 | +€5 | +0.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €312 | €2,044 | +€1,732 | +555.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €2,254 | €877 | -€1,377 | -61.1% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €71,489 | €71,310 | -€179 | -0.3% |
| Operating profit (loss) | 9901 | €68,327 | €67,788 | -€539 | -0.8% |
| Financial income | 75/76B | €11,451 | €11,547 | +€96 | +0.8% |
| Recurring financial income | 75 | €11,451 | €11,547 | +€96 | +0.8% |
| Financial charges | 65/66B | €2,928 | €4,343 | +€1,415 | +48.3% |
| Recurring financial charges | 65 | €2,928 | €4,343 | +€1,415 | +48.3% |
| Profit (loss) for the period before taxes | 9903 | €76,850 | €74,992 | -€1,858 | -2.4% |
| Income taxes | 67/77 | €4,900 | €4,646 | -€254 | -5.2% |
| Profit (loss) for the period | 9904 | €71,950 | €70,346 | -€1,604 | -2.2% |
| Profit (loss) for the period to be appropriated | 9905 | €71,950 | €70,346 | -€1,604 | -2.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 October 2024 and 31 October 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.