SPLENDID PROJECTBEHEER: 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.
SPLENDID PROJECTBEHEER
Largest movements
- Cash -€78,728
down €78,728 (-89.5%), from €87,922 to €9,194
mainly Contributions, distributions and other (-€247,964) and Investment in fixed assets (net) (-€81,520)
- Receivables within one year +€42,170
up €42,170 (+41.8%), from €100,860 to €143,030
of which Other amounts receivable: +€36,596
- Tangible fixed assets +€37,449
up €37,449 (+3.8%), from €985,441 to €1.0m
of which Furniture and vehicles: +€30,524
- Reserves -€111,483
down €111,483 (-12.4%), from €895,837 to €784,354
of which Distributable reserves: -€111,483
- Tax, wage and social debts +€57,338
up €57,338 (+78.0%), from €73,523 to €130,861
- Other debts +€52,493
up €52,493 (+26.8%), from €196,065 to €248,558
- Gross operating margin -€95,657
down €95,657 (-27.4%), from €348,522 to €252,865
- Taxes -€25,682
down €25,682 (-27.4%), from €93,708 to €68,026
- Financial charges -€6,731
down €6,731 (-79.7%), from €8,441 to €1,710
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 | €1,174,223 | €1,175,115 | +€891 | +0.1% |
| Fixed assets | 21/28 | €985,441 | €1,022,891 | +€37,449 | +3.8% |
| Tangible fixed assets | 22/27 | €985,441 | €1,022,891 | +€37,449 | +3.8% |
| Land and buildings | 22 | €956,419 | €963,344 | +€6,926 | +0.7% |
| Furniture and vehicles | 24 | €29,023 | €59,547 | +€30,524 | +105% |
| Assets under construction and advance payments | 27 | €0 | - | = | |
| Current assets | 29/58 | €188,782 | €152,224 | -€36,558 | -19.4% |
| Amounts receivable within one year | 40/41 | €100,860 | €143,030 | +€42,170 | +41.8% |
| Trade receivables | 40 | €45,325 | €50,899 | +€5,574 | +12.3% |
| Other amounts receivable | 41 | €55,535 | €92,131 | +€36,596 | +65.9% |
| Cash at bank and in hand | 54/58 | €87,922 | €9,194 | -€78,728 | -89.5% |
| Total equity and liabilities | 10/49 | €1,174,223 | €1,175,115 | +€891 | +0.1% |
| Equity | 10/15 | €902,037 | €790,554 | -€111,483 | -12.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €895,837 | €784,354 | -€111,483 | -12.4% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €895,837 | €784,354 | -€111,483 | -12.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €272,187 | €384,561 | +€112,374 | +41.3% |
| Amounts payable within one year | 42/48 | €271,213 | €384,182 | +€112,969 | +41.7% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €1,625 | €4,763 | +€3,138 | +193% |
| Suppliers | 440/4 | €1,625 | €4,763 | +€3,138 | +193% |
| Taxes, remuneration and social security | 45 | €73,523 | €130,861 | +€57,338 | +78.0% |
| Taxes | 450/3 | €73,523 | €130,861 | +€57,338 | +78.0% |
| Other amounts payable | 47/48 | €196,065 | €248,558 | +€52,493 | +26.8% |
| Accrued charges and deferred income | 492/3 | €974 | €379 | -€595 | -61.1% |
| Non-recurring operating income | 76A | €152,165 | €58,544 | -€93,620 | -61.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,132 | €44,071 | -€2,061 | -4.5% |
| Other operating charges | 640/8 | €4,848 | €3,175 | -€1,673 | -34.5% |
| Gross operating margin | 9900 | €348,522 | €252,865 | -€95,657 | -27.4% |
| Operating profit (loss) | 9901 | €297,543 | €205,619 | -€91,924 | -30.9% |
| Financial income | 75/76B | €1,194 | €599 | -€596 | -49.9% |
| Recurring financial income | 75 | €1,194 | €599 | -€596 | -49.9% |
| Financial charges | 65/66B | €8,441 | €1,710 | -€6,731 | -79.7% |
| Recurring financial charges | 65 | €8,441 | €1,710 | -€6,731 | -79.7% |
| Profit (loss) for the period before taxes | 9903 | €290,296 | €204,508 | -€85,789 | -29.6% |
| Income taxes | 67/77 | €93,708 | €68,026 | -€25,682 | -27.4% |
| Profit (loss) for the period | 9904 | €196,588 | €136,481 | -€60,107 | -30.6% |
| Profit (loss) for the period to be appropriated | 9905 | €196,588 | €136,481 | -€60,107 | -30.6% |
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 20 October 2026 via checked.be.