SPLEEN CREATION: 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.
SPLEEN CREATION
Largest movements
- Cash +€27,886
up €27,886 (+236%), from €11,807 to €39,693
mainly Net result for the year (+€17,596) and Receivables within one year (+€8,488)
- Receivables within one year -€8,488
down €8,488 (-38.0%), from €22,315 to €13,827
of which Trade receivables: -€7,875
- Tangible fixed assets +€1,063
up €1,063 (+905%), from €117 to €1,180
- Profit (loss) carried forward +€15,022
up €15,022, from -€15,022 to €0
- Tax, wage and social debts +€6,925
up €6,925 (+34.1%), from €20,305 to €27,230
of which Remuneration and social security: +€7,205
- Other debts -€3,658
down €3,658 (-90.8%), from €4,029 to €371
- Reserves +€2,574
up €2,574 (+138%), from €1,860 to €4,434
- Trade debts -€1,318
down €1,318 (-37.4%), from €3,523 to €2,204
- Staff costs +€22,098
up €22,098 (+21.0%), from €105,021 to €127,119
- Other operating charges -€2,218
down €2,218 (-64.0%), from €3,467 to €1,249
- Taxes +€1,629
up €1,629 (+23.5%), from €6,924 to €8,553
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 | €36,916 | €56,834 | +€19,918 | +54.0% |
| Fixed assets | 21/28 | €117 | €1,180 | +€1,063 | +905% |
| Tangible fixed assets | 22/27 | €117 | €1,180 | +€1,063 | +905% |
| Furniture and vehicles | 24 | €117 | €1,180 | +€1,063 | +905% |
| Current assets | 29/58 | €36,799 | €55,654 | +€18,856 | +51.2% |
| Amounts receivable within one year | 40/41 | €22,315 | €13,827 | -€8,488 | -38.0% |
| Trade receivables | 40 | €19,933 | €12,058 | -€7,875 | -39.5% |
| Other amounts receivable | 41 | €2,382 | €1,769 | -€613 | -25.7% |
| Current investments | 50/53 | €0 | €0 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €11,807 | €39,693 | +€27,886 | +236% |
| Deferred charges and accrued income | 490/1 | €2,677 | €2,134 | -€543 | -20.3% |
| Total equity and liabilities | 10/49 | €36,916 | €56,834 | +€19,918 | +54.0% |
| Equity | 10/15 | €5,438 | €23,034 | +€17,596 | +324% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €4,434 | +€2,574 | +138% |
| Distributable reserves | 133 | €1,860 | €4,434 | +€2,574 | +138% |
| Profit (loss) carried forward | 14 | -€15,022 | €0 | +€15,022 | |
| Amounts payable | 17/49 | €31,478 | €33,801 | +€2,323 | +7.4% |
| Amounts payable within one year | 42/48 | €31,478 | €33,801 | +€2,323 | +7.4% |
| Financial debts | 43 | €3,621 | €3,995 | +€374 | +10.3% |
| Credit institutions | 430/8 | €581 | €680 | +€98 | +16.9% |
| Other loans | 439 | €3,040 | €3,316 | +€276 | +9.1% |
| Trade debts | 44 | €3,523 | €2,204 | -€1,318 | -37.4% |
| Suppliers | 440/4 | €3,523 | €2,204 | -€1,318 | -37.4% |
| Taxes, remuneration and social security | 45 | €20,305 | €27,230 | +€6,925 | +34.1% |
| Taxes | 450/3 | €8,282 | €8,002 | -€280 | -3.4% |
| Remuneration and social security | 454/9 | €12,023 | €19,228 | +€7,205 | +59.9% |
| Other amounts payable | 47/48 | €4,029 | €371 | -€3,658 | -90.8% |
| Remuneration, social security and pensions | 62 | €105,021 | €127,119 | +€22,098 | +21.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €476 | €631 | +€155 | +32.5% |
| Other operating charges | 640/8 | €3,467 | €1,249 | -€2,218 | -64.0% |
| Gross operating margin | 9900 | €156,314 | €155,702 | -€612 | -0.4% |
| Operating profit (loss) | 9901 | €47,350 | €26,703 | -€20,647 | -43.6% |
| Financial income | 75/76B | €81 | €0 | -€81 | -100.0% |
| Recurring financial income | 75 | €81 | €0 | -€81 | -100.0% |
| Financial charges | 65/66B | €1,306 | €554 | -€752 | -57.6% |
| Recurring financial charges | 65 | €1,306 | €554 | -€752 | -57.6% |
| Profit (loss) for the period before taxes | 9903 | €46,125 | €26,149 | -€19,976 | -43.3% |
| Income taxes | 67/77 | €6,924 | €8,553 | +€1,629 | +23.5% |
| Profit (loss) for the period | 9904 | €39,201 | €17,596 | -€21,605 | -55.1% |
| Profit (loss) for the period to be appropriated | 9905 | €39,201 | €17,596 | -€21,605 | -55.1% |
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 14 October 2026 via checked.be.