SPLASH: 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.
SPLASH
Largest movements
- Current investments +€50,000
new in 2025: €50,000
- Receivables within one year +€11,809
up €11,809 (+24.6%), from €47,987 to €59,797
of which Other amounts receivable: +€8,921
- Stocks and contracts +€11,687
up €11,687 (+15.5%), from €75,426 to €87,113
- Cash -€9,385
down €9,385 (-8.5%), from €110,179 to €100,794
mainly Contributions, distributions and other (-€98,000) and Current investments (-€50,000)
- Tangible fixed assets -€4,723
down €4,723 (-2.8%), from €166,856 to €162,133
of which Other tangible fixed assets: -€16,967
- Other debts +€98,000
up €98,000 (+256343.2%), from €38 to €98,038
- Reserves -€45,000
down €45,000 (-16.8%), from €267,195 to €222,195
of which Distributable reserves: -€45,000
- Trade debts +€19,605
up €19,605 (+104.7%), from €18,732 to €38,337
- Tax, wage and social debts -€13,448
down €13,448 (-42.1%), from €31,959 to €18,512
of which Taxes: -€12,612
- Gross operating margin +€5,905
up €5,905 (+3.0%), from €198,630 to €204,535
- Staff costs +€4,765
up €4,765 (+5.8%), from €82,789 to €87,554
- Depreciation -€3,494
down €3,494 (-8.0%), from €43,641 to €40,147
- Financial income +€2,866
up €2,866 (+67.5%), from €4,248 to €7,114
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 | €405,939 | €466,267 | +€60,328 | +14.9% |
| Fixed assets | 21/28 | €166,856 | €162,133 | -€4,723 | -2.8% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €166,856 | €162,133 | -€4,723 | -2.8% |
| Land and buildings | 22 | €103,902 | €97,922 | -€5,981 | -5.8% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €22,254 | €40,479 | +€18,225 | +81.9% |
| Other tangible fixed assets | 26 | €40,700 | €23,733 | -€16,967 | -41.7% |
| Current assets | 29/58 | €239,083 | €304,134 | +€65,051 | +27.2% |
| Stocks and contracts in progress | 3 | €75,426 | €87,113 | +€11,687 | +15.5% |
| Stocks | 30/36 | €75,426 | €87,113 | +€11,687 | +15.5% |
| Amounts receivable within one year | 40/41 | €47,987 | €59,797 | +€11,809 | +24.6% |
| Trade receivables | 40 | €0 | €2,888 | +€2,888 | |
| Other amounts receivable | 41 | €47,987 | €56,909 | +€8,921 | +18.6% |
| Current investments | 50/53 | - | €50,000 | +€50,000 | |
| Cash at bank and in hand | 54/58 | €110,179 | €100,794 | -€9,385 | -8.5% |
| Deferred charges and accrued income | 490/1 | €5,490 | €6,430 | +€940 | +17.1% |
| Total equity and liabilities | 10/49 | €405,939 | €466,267 | +€60,328 | +14.9% |
| Equity | 10/15 | €354,494 | €310,643 | -€43,851 | -12.4% |
| Contributions | 10/11 | €16,197 | €16,197 | = | 0.0% |
| Reserves | 13 | €267,195 | €222,195 | -€45,000 | -16.8% |
| Non-distributable reserves | 130/1 | €1,875 | €1,875 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,875 | €1,875 | = | 0.0% |
| Tax-exempt reserves | 132 | €34,920 | €34,920 | = | 0.0% |
| Distributable reserves | 133 | €230,400 | €185,400 | -€45,000 | -19.5% |
| Profit (loss) carried forward | 14 | €71,102 | €72,251 | +€1,149 | +1.6% |
| Amounts payable | 17/49 | €51,444 | €155,624 | +€104,180 | +202.5% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €50,730 | €154,887 | +€104,157 | +205.3% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €18,732 | €38,337 | +€19,605 | +104.7% |
| Suppliers | 440/4 | €18,732 | €38,337 | +€19,605 | +104.7% |
| Taxes, remuneration and social security | 45 | €31,959 | €18,512 | -€13,448 | -42.1% |
| Taxes | 450/3 | €20,742 | €8,130 | -€12,612 | -60.8% |
| Remuneration and social security | 454/9 | €11,218 | €10,382 | -€836 | -7.5% |
| Other amounts payable | 47/48 | €38 | €98,038 | +€98,000 | +256343.2% |
| Accrued charges and deferred income | 492/3 | €715 | €737 | +€22 | +3.1% |
| Remuneration, social security and pensions | 62 | €82,789 | €87,554 | +€4,765 | +5.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,641 | €40,147 | -€3,494 | -8.0% |
| Other operating charges | 640/8 | €2,411 | €2,544 | +€133 | +5.5% |
| Gross operating margin | 9900 | €198,630 | €204,535 | +€5,905 | +3.0% |
| Operating profit (loss) | 9901 | €69,788 | €74,290 | +€4,502 | +6.5% |
| Financial income | 75/76B | €4,248 | €7,114 | +€2,866 | +67.5% |
| Recurring financial income | 75 | €4,248 | €7,114 | +€2,866 | +67.5% |
| Financial charges | 65/66B | €488 | €326 | -€162 | -33.2% |
| Recurring financial charges | 65 | €488 | €326 | -€162 | -33.2% |
| Profit (loss) for the period before taxes | 9903 | €73,548 | €81,078 | +€7,530 | +10.2% |
| Income taxes | 67/77 | €25,391 | €26,929 | +€1,538 | +6.1% |
| Profit (loss) for the period | 9904 | €48,157 | €54,149 | +€5,992 | +12.4% |
| Profit (loss) for the period to be appropriated | 9905 | €48,157 | €54,149 | +€5,992 | +12.4% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.