SPLASHWASH: 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.
SPLASHWASH
Largest movements
- Tangible fixed assets +€175,931
up €175,931 (+7.6%), from €2.3m to €2.5m
of which Land and buildings: +€335,901
- Cash +€146,509
up €146,509 (+188.3%), from €77,809 to €224,319
mainly Debts after one year (+€353,947) and Depreciation (+€168,209)
- Receivables within one year -€39,428
down €39,428 (-28.7%), from €137,431 to €98,003
of which Other amounts receivable: -€51,128
- Debts after one year +€353,947
up €353,947 (+26.9%), from €1.3m to €1.7m
of which Other amounts payable: +€193,854
- Reserves -€130,015
down €130,015 (-27.7%), from €469,938 to €339,922
of which Distributable reserves: -€130,015
- Other debts +€53,200
new in 2025: €53,200
- Trade debts -€47,869
down €47,869 (-88.6%), from €54,053 to €6,183
- Write-downs +€88,538
new in 2025: €88,538
- Taxes -€65,288
down €65,288 (-61.0%), from €107,100 to €41,812
- Depreciation +€56,175
up €56,175 (+50.1%), from €112,034 to €168,209
- Financial charges +€17,151
up €17,151 (+58.8%), from €29,180 to €46,331
- Other operating charges +€6,748
up €6,748 (+53.6%), from €12,582 to €19,329
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 | €2,530,310 | €2,813,102 | +€282,792 | +11.2% |
| Fixed assets | 21/28 | €2,313,064 | €2,488,995 | +€175,931 | +7.6% |
| Intangible fixed assets | 21 | €1 | €1 | -€0 | -16.7% |
| Tangible fixed assets | 22/27 | €2,313,064 | €2,488,995 | +€175,931 | +7.6% |
| Land and buildings | 22 | €1,951,184 | €2,287,084 | +€335,901 | +17.2% |
| Plant, machinery and equipment | 23 | €126,737 | €108,707 | -€18,029 | -14.2% |
| Furniture and vehicles | 24 | €235,143 | €93,203 | -€141,940 | -60.4% |
| Current assets | 29/58 | €217,246 | €324,107 | +€106,861 | +49.2% |
| Amounts receivable within one year | 40/41 | €137,431 | €98,003 | -€39,428 | -28.7% |
| Trade receivables | 40 | €2,751 | €14,452 | +€11,700 | +425.3% |
| Other amounts receivable | 41 | €134,680 | €83,552 | -€51,128 | -38.0% |
| Cash at bank and in hand | 54/58 | €77,809 | €224,319 | +€146,509 | +188.3% |
| Deferred charges and accrued income | 490/1 | €2,006 | €1,785 | -€221 | -11.0% |
| Total equity and liabilities | 10/49 | €2,530,310 | €2,813,102 | +€282,792 | +11.2% |
| Equity | 10/15 | €873,938 | €743,922 | -€130,015 | -14.9% |
| Contributions | 10/11 | €67,000 | €67,000 | = | 0.0% |
| Revaluation surpluses | 12 | €337,000 | €337,000 | = | 0.0% |
| Reserves | 13 | €469,938 | €339,922 | -€130,015 | -27.7% |
| Non-distributable reserves | 130/1 | €3,937 | €3,937 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,937 | €3,937 | = | 0.0% |
| Tax-exempt reserves | 132 | €239 | €239 | = | 0.0% |
| Distributable reserves | 133 | €465,761 | €335,746 | -€130,015 | -27.9% |
| Amounts payable | 17/49 | €1,656,373 | €2,069,180 | +€412,807 | +24.9% |
| Amounts payable after more than one year | 17 | €1,313,927 | €1,667,875 | +€353,947 | +26.9% |
| Financial debts | 170/4 | €1,295,295 | €1,455,389 | +€160,094 | +12.4% |
| Other amounts payable | 178/9 | €18,632 | €212,486 | +€193,854 | +1040.4% |
| Amounts payable within one year | 42/48 | €341,149 | €381,447 | +€40,298 | +11.8% |
| Current portion of amounts payable after more than one year | 42 | €160,018 | €179,739 | +€19,721 | +12.3% |
| Trade debts | 44 | €54,053 | €6,183 | -€47,869 | -88.6% |
| Suppliers | 440/4 | €54,053 | €6,183 | -€47,869 | -88.6% |
| Advances received on contracts in progress | 46 | €20,000 | €20,000 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €107,078 | €122,325 | +€15,247 | +14.2% |
| Taxes | 450/3 | €107,078 | €122,325 | +€15,247 | +14.2% |
| Other amounts payable | 47/48 | - | €53,200 | +€53,200 | |
| Accrued charges and deferred income | 492/3 | €1,297 | €19,858 | +€18,562 | +1431.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €112,034 | €168,209 | +€56,175 | +50.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €88,538 | +€88,538 | |
| Other operating charges | 640/8 | €12,582 | €19,329 | +€6,748 | +53.6% |
| Gross operating margin | 9900 | €495,378 | €499,912 | +€4,533 | +0.9% |
| Operating profit (loss) | 9901 | €370,762 | €223,835 | -€146,927 | -39.6% |
| Financial income | 75/76B | €2,948 | €2,623 | -€325 | -11.0% |
| Recurring financial income | 75 | €2,948 | €2,623 | -€325 | -11.0% |
| Financial charges | 65/66B | €29,180 | €46,331 | +€17,151 | +58.8% |
| Recurring financial charges | 65 | €29,180 | €46,331 | +€17,151 | +58.8% |
| Profit (loss) for the period before taxes | 9903 | €344,531 | €180,127 | -€164,404 | -47.7% |
| Income taxes | 67/77 | €107,100 | €41,812 | -€65,288 | -61.0% |
| Profit (loss) for the period | 9904 | €237,431 | €138,315 | -€99,116 | -41.7% |
| Profit (loss) for the period to be appropriated | 9905 | €237,431 | €138,315 | -€99,116 | -41.7% |
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 9 October 2026 via checked.be.