SPLENDID SERVICE: 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.
SPLENDID SERVICE
Largest movements
- Receivables within one year +€15,616
up €15,616 (+97.5%), from €16,024 to €31,640
of which Other amounts receivable: +€10,298
- Tangible fixed assets -€2,033
down €2,033 (-41.9%), from €4,854 to €2,821
of which Plant, machinery and equipment: -€1,612
- Intangible fixed assets -€870
no longer reported in 2025 (was €870)
- Trade debts -€33,192
down €33,192 (-84.5%), from €39,263 to €6,070
- Debts after one year +€26,284
up €26,284 (+126.8%), from €20,727 to €47,011
- Profit (loss) carried forward +€13,894
up €13,894 (+12.0%), from -€116,080 to -€102,186
- Current portion of long-term debt +€5,560
up €5,560 (+20.3%), from €27,447 to €33,007
- Short-term financial debts -€1,341
down €1,341 (-6.4%), from €21,060 to €19,719
- Staff costs -€9,562
down €9,562 (-16.4%), from €58,316 to €48,754
- Gross operating margin +€8,863
up €8,863 (+11.8%), from €75,206 to €84,069
- Financial charges +€6,915
up €6,915 (+76.4%), from €9,051 to €15,965
- Depreciation -€2,740
down €2,740 (-48.6%), from €5,643 to €2,903
- Other operating charges +€1,355
up €1,355 (+138.9%), from €976 to €2,331
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 | €29,577 | €42,049 | +€12,471 | +42.2% |
| Fixed assets | 21/28 | €5,724 | €2,821 | -€2,903 | -50.7% |
| Intangible fixed assets | 21 | €870 | - | -€870 | |
| Tangible fixed assets | 22/27 | €4,854 | €2,821 | -€2,033 | -41.9% |
| Plant, machinery and equipment | 23 | €2,706 | €1,095 | -€1,612 | -59.6% |
| Furniture and vehicles | 24 | €2,148 | €1,727 | -€421 | -19.6% |
| Current assets | 29/58 | €23,853 | €39,227 | +€15,375 | +64.5% |
| Stocks and contracts in progress | 3 | €1,522 | €1,472 | -€50 | -3.3% |
| Stocks | 30/36 | €1,522 | €1,472 | -€50 | -3.3% |
| Amounts receivable within one year | 40/41 | €16,024 | €31,640 | +€15,616 | +97.5% |
| Trade receivables | 40 | €9,822 | €15,140 | +€5,318 | +54.1% |
| Other amounts receivable | 41 | €6,202 | €16,501 | +€10,298 | +166.0% |
| Cash at bank and in hand | 54/58 | €6,307 | €6,115 | -€192 | -3.0% |
| Total equity and liabilities | 10/49 | €29,577 | €42,049 | +€12,471 | +42.2% |
| Equity | 10/15 | -€97,480 | -€83,586 | +€13,894 | +14.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€116,080 | -€102,186 | +€13,894 | +12.0% |
| Amounts payable | 17/49 | €127,057 | €125,635 | -€1,422 | -1.1% |
| Amounts payable after more than one year | 17 | €20,727 | €47,011 | +€26,284 | +126.8% |
| Financial debts | 170/4 | €20,727 | €47,011 | +€26,284 | +126.8% |
| Amounts payable within one year | 42/48 | €106,330 | €78,623 | -€27,707 | -26.1% |
| Current portion of amounts payable after more than one year | 42 | €27,447 | €33,007 | +€5,560 | +20.3% |
| Financial debts | 43 | €21,060 | €19,719 | -€1,341 | -6.4% |
| Credit institutions | 430/8 | €21,060 | €19,719 | -€1,341 | -6.4% |
| Trade debts | 44 | €39,263 | €6,070 | -€33,192 | -84.5% |
| Suppliers | 440/4 | €39,263 | €6,070 | -€33,192 | -84.5% |
| Taxes, remuneration and social security | 45 | €18,561 | €19,827 | +€1,266 | +6.8% |
| Taxes | 450/3 | €14,788 | €15,438 | +€650 | +4.4% |
| Remuneration and social security | 454/9 | €3,772 | €4,389 | +€616 | +16.3% |
| Remuneration, social security and pensions | 62 | €58,316 | €48,754 | -€9,562 | -16.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,643 | €2,903 | -€2,740 | -48.6% |
| Other operating charges | 640/8 | €976 | €2,331 | +€1,355 | +138.9% |
| Gross operating margin | 9900 | €75,206 | €84,069 | +€8,863 | +11.8% |
| Operating profit (loss) | 9901 | €10,271 | €30,080 | +€19,809 | +192.9% |
| Financial income | 75/76B | €0 | €3 | +€3 | +7500.0% |
| Recurring financial income | 75 | €0 | €3 | +€3 | +7500.0% |
| Financial charges | 65/66B | €9,051 | €15,965 | +€6,915 | +76.4% |
| Recurring financial charges | 65 | €9,051 | €15,965 | +€6,915 | +76.4% |
| Profit (loss) for the period before taxes | 9903 | €1,221 | €14,118 | +€12,898 | +1056.7% |
| Income taxes | 67/77 | €230 | €224 | -€5 | -2.4% |
| Profit (loss) for the period | 9904 | €991 | €13,894 | +€12,903 | +1302.2% |
| Profit (loss) for the period to be appropriated | 9905 | €991 | €13,894 | +€12,903 | +1302.2% |
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 5 October 2026 via checked.be.