Splendid: 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.
What changed
Splendid
NACE 81.100, Combined facilities support activities
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€655,573
2024 · -€754,243+€1.4m
Equity
€59.8m
2024 · €59.1m+€655,573
Cash
€126,955
2024 · €123,429+€3,526
Balance sheet total
€71.1m
2024 · €63.4m+€7.6m
Largest movements
Assets
- Financial fixed assets +€7.8m
up €7.8m (+12.7%), from €61.3m to €69.1m
Equity and liabilities
- Debts after one year +€7.1m
new in 2025: €7.1m
Income statement
- Financial charges -€1.1m
down €1.1m (-68.6%), from €1.6m to €509,764
of which Non-recurring financial charges: -€842,380
- Financial income +€265,833
up €265,833 (+2110.0%), from €12,599 to €278,432
- Services and other goods -€137,916
down €137,916 (-18.7%), from €737,093 to €599,177
- Turnover -€79,162
down €79,162 (-4.5%), from €1.8m to €1.7m
- Staff costs +€58,518
up €58,518 (+28.8%), from €203,256 to €261,774
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.
Result 2024
-€754,243
Turnover
-€79,162
Other operating income
-€10,340
Services and other goods
+€137,916
Staff costs
-€58,518
Depreciation
+€5,817
Other operating charges
-€177
Other operating items
+€83,276
Financial income
+€265,833
Financial charges
+€1.1m
Taxes
-€47,267
Result 2025
€655,573
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.
From operations
+€710,327
Investment
-€7.8m
Financing
+€7.1m
Cash 2024
€123,429
From operations (derived)
+€710,327
Net result for the year
+€655,573
Depreciation
+€48,796
Receivables within one year
+€118,619
Deferred charges and accrued income
+€4,449
Trade debts
-€100,704
Tax, wage and social debts
+€78,169
Other debts
+€175,433
Accrued charges and deferred income
-€270,009
Investment (derived)
-€7.8m
Investment in fixed assets (net)
-€7.8m
Financing
+€7.1m
Debts after one year
+€7.1m
Cash 2025
€126,955
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €63,411,767 | €71,050,230 | +€7.6m | +12.0% |
| Fixed assets | 21/28 | €61,560,798 | €69,318,803 | +€7.8m | +12.6% |
| Intangible fixed assets | 21 | €20,298 | €52,639 | +€32,341 | +159.3% |
| Tangible fixed assets | 22/27 | €253,437 | €179,100 | -€74,337 | -29.3% |
| Land and buildings | 22 | €97,571 | €97,571 | = | 0.0% |
| Furniture and vehicles | 24 | €119,622 | €81,529 | -€38,093 | -31.8% |
| Assets under construction and advance payments | 27 | €36,243 | - | -€36,243 | |
| Financial fixed assets | 28 | €61,287,064 | €69,087,064 | +€7.8m | +12.7% |
| Affiliated companies | 280/1 | €61,287,064 | €69,087,064 | +€7.8m | +12.7% |
| Participating interests | 280 | €61,287,064 | €69,087,064 | +€7.8m | +12.7% |
| Current assets | 29/58 | €1,850,969 | €1,731,427 | -€119,542 | -6.5% |
| Amounts receivable within one year | 40/41 | €1,697,168 | €1,578,549 | -€118,619 | -7.0% |
| Trade receivables | 40 | €707,054 | €675,551 | -€31,503 | -4.5% |
| Other amounts receivable | 41 | €990,114 | €902,998 | -€87,116 | -8.8% |
| Cash at bank and in hand | 54/58 | €123,429 | €126,955 | +€3,526 | +2.9% |
| Deferred charges and accrued income | 490/1 | €30,372 | €25,923 | -€4,449 | -14.6% |
| Total equity and liabilities | 10/49 | €63,411,767 | €71,050,230 | +€7.6m | +12.0% |
| Equity | 10/15 | €59,147,444 | €59,803,018 | +€655,573 | +1.1% |
| Contributions | 10/11 | €47,088,271 | €47,088,271 | = | 0.0% |
| Reserves | 13 | €277,081 | €277,081 | = | 0.0% |
| Non-distributable reserves | 130/1 | €59,542 | €59,542 | = | 0.0% |
| Reserves not available under the articles | 1311 | €59,542 | €59,542 | = | 0.0% |
| Tax-exempt reserves | 132 | €29,275 | €29,275 | = | 0.0% |
| Distributable reserves | 133 | €188,265 | €188,265 | = | 0.0% |
| Profit (loss) carried forward | 14 | €11,782,092 | €12,437,665 | +€655,573 | +5.6% |
| Amounts payable | 17/49 | €4,264,323 | €11,247,212 | +€7.0m | +163.8% |
| Amounts payable after more than one year | 17 | - | €7,100,000 | +€7.1m | |
| Financial debts | 170/4 | - | €7,100,000 | +€7.1m | |
| Other loans | 174 | - | €7,100,000 | +€7.1m | |
| Amounts payable within one year | 42/48 | €3,994,314 | €4,147,212 | +€152,898 | +3.8% |
| Trade debts | 44 | €148,800 | €48,096 | -€100,704 | -67.7% |
| Suppliers | 440/4 | €148,800 | €48,096 | -€100,704 | -67.7% |
| Taxes, remuneration and social security | 45 | €80,800 | €158,969 | +€78,169 | +96.7% |
| Taxes | 450/3 | €48,572 | €121,768 | +€73,196 | +150.7% |
| Remuneration and social security | 454/9 | €32,228 | €37,201 | +€4,973 | +15.4% |
| Other amounts payable | 47/48 | €3,764,714 | €3,940,147 | +€175,433 | +4.7% |
| Accrued charges and deferred income | 492/3 | €270,009 | - | -€270,009 | |
| Operating income | 70/76A | €1,861,571 | €1,855,345 | -€6,226 | -0.3% |
| Turnover | 70 | €1,775,361 | €1,696,200 | -€79,162 | -4.5% |
| Other operating income | 74 | €86,210 | €75,870 | -€10,340 | -12.0% |
| Non-recurring operating income | 76A | - | €83,276 | +€83,276 | |
| Operating charges | 60/66A | €1,000,335 | €915,297 | -€85,038 | -8.5% |
| Services and other goods | 61 | €737,093 | €599,177 | -€137,916 | -18.7% |
| Remuneration, social security and pensions | 62 | €203,256 | €261,774 | +€58,518 | +28.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €54,613 | €48,796 | -€5,817 | -10.7% |
| Other operating charges | 640/8 | €5,373 | €5,549 | +€177 | +3.3% |
| Operating profit (loss) | 9901 | €861,236 | €940,049 | +€78,813 | +9.2% |
| Financial income | 75/76B | €12,599 | €278,432 | +€265,833 | +2110.0% |
| Recurring financial income | 75 | €12,599 | €278,432 | +€265,833 | +2110.0% |
| Income from current assets | 751 | €12,597 | €8,423 | -€4,174 | -33.1% |
| Other financial income | 752/9 | €2 | €270,009 | +€270,007 | +13568204.0% |
| Financial charges | 65/66B | €1,622,202 | €509,764 | -€1.1m | -68.6% |
| Recurring financial charges | 65 | €270,315 | €258 | -€270,058 | -99.9% |
| Debt charges | 650 | €270,009 | - | -€270,009 | |
| Other financial charges | 652/9 | €306 | €258 | -€48 | -15.8% |
| Non-recurring financial charges | 66B | €1,351,886 | €509,506 | -€842,380 | -62.3% |
| Profit (loss) for the period before taxes | 9903 | -€748,367 | €708,717 | +€1.5m | |
| Income taxes | 67/77 | €5,876 | €53,144 | +€47,267 | +804.4% |
| Taxes | 670/3 | €5,876 | €53,144 | +€47,267 | +804.4% |
| Profit (loss) for the period | 9904 | -€754,243 | €655,573 | +€1.4m | |
| Profit (loss) for the period to be appropriated | 9905 | -€754,243 | €655,573 | +€1.4m |
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 8 October 2026 via checked.be.