SPLENDENS MANAGEMENT: 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.
SPLENDENS MANAGEMENT
Largest movements
- Cash +€116,304
up €116,304 (+148.3%), from €78,444 to €194,748
mainly Receivables within one year (+€100,536) and Net result for the year (+€20,153)
- Receivables within one year -€100,536
down €100,536 (-53.7%), from €187,341 to €86,805
of which Other amounts receivable: -€88,596
- Tangible fixed assets -€12,489
down €12,489 (-31.8%), from €39,268 to €26,780
of which Land and buildings: -€8,101
- Other debts +€7,247
up €7,247 (+71.3%), from €10,164 to €17,411
- Financial income -€8,547
down €8,547 (-56.6%), from €15,090 to €6,543
- Gross operating margin -€4,546
down €4,546 (-11.0%), from €41,449 to €36,903
- Taxes -€2,777
down €2,777 (-21.7%), from €12,789 to €10,012
- Staff costs -€1,760
down €1,760 (-100.0%), from €1,760 to €0
- Depreciation +€931
up €931 (+8.1%), from €11,558 to €12,489
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 | €555,133 | €565,563 | +€10,430 | +1.9% |
| Fixed assets | 21/28 | €289,268 | €276,780 | -€12,489 | -4.3% |
| Tangible fixed assets | 22/27 | €39,268 | €26,780 | -€12,489 | -31.8% |
| Land and buildings | 22 | €26,815 | €18,714 | -€8,101 | -30.2% |
| Furniture and vehicles | 24 | €7,349 | €5,514 | -€1,835 | -25.0% |
| Other tangible fixed assets | 26 | €5,104 | €2,552 | -€2,552 | -50.0% |
| Financial fixed assets | 28 | €250,000 | €250,000 | = | 0.0% |
| Current assets | 29/58 | €265,865 | €288,783 | +€22,918 | +8.6% |
| Amounts receivable within one year | 40/41 | €187,341 | €86,805 | -€100,536 | -53.7% |
| Trade receivables | 40 | €12,705 | €765 | -€11,940 | -94.0% |
| Other amounts receivable | 41 | €174,636 | €86,040 | -€88,596 | -50.7% |
| Current investments | 50/53 | - | €3,515 | +€3,515 | |
| Cash at bank and in hand | 54/58 | €78,444 | €194,748 | +€116,304 | +148.3% |
| Deferred charges and accrued income | 490/1 | €80 | €3,716 | +€3,636 | +4545.2% |
| Total equity and liabilities | 10/49 | €555,133 | €565,563 | +€10,430 | +1.9% |
| Equity | 10/15 | €530,110 | €532,852 | +€2,742 | +0.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €523,910 | €526,652 | +€2,742 | +0.5% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €522,050 | €524,792 | +€2,742 | +0.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €25,023 | €32,711 | +€7,688 | +30.7% |
| Amounts payable within one year | 42/48 | €25,023 | €32,711 | +€7,688 | +30.7% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €5,380 | €1,208 | -€4,172 | -77.5% |
| Suppliers | 440/4 | €5,380 | €1,208 | -€4,172 | -77.5% |
| Taxes, remuneration and social security | 45 | €9,479 | €14,092 | +€4,613 | +48.7% |
| Taxes | 450/3 | €9,479 | €14,092 | +€4,613 | +48.7% |
| Other amounts payable | 47/48 | €10,164 | €17,411 | +€7,247 | +71.3% |
| Remuneration, social security and pensions | 62 | €1,760 | €0 | -€1,760 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,558 | €12,489 | +€931 | +8.1% |
| Other operating charges | 640/8 | €426 | €573 | +€147 | +34.5% |
| Gross operating margin | 9900 | €41,449 | €36,903 | -€4,546 | -11.0% |
| Operating profit (loss) | 9901 | €27,706 | €23,842 | -€3,864 | -13.9% |
| Financial income | 75/76B | €15,090 | €6,543 | -€8,547 | -56.6% |
| Recurring financial income | 75 | €15,090 | €6,543 | -€8,547 | -56.6% |
| Financial charges | 65/66B | €137 | €221 | +€83 | +60.5% |
| Recurring financial charges | 65 | €137 | €221 | +€83 | +60.5% |
| Profit (loss) for the period before taxes | 9903 | €42,658 | €30,165 | -€12,494 | -29.3% |
| Income taxes | 67/77 | €12,789 | €10,012 | -€2,777 | -21.7% |
| Profit (loss) for the period | 9904 | €29,870 | €20,153 | -€9,717 | -32.5% |
| Profit (loss) for the period to be appropriated | 9905 | €29,870 | €20,153 | -€9,717 | -32.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.