Splendit: 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.
Splendit
Largest movements
- Tangible fixed assets +€1.6m
up €1.6m (+24.9%), from €6.3m to €7.9m
of which Leasing and similar rights: +€1.9m
- Cash +€413,118
up €413,118 (+51.8%), from €796,913 to €1.2m
mainly Depreciation (+€1.9m) and Debts after one year (+€1.0m)
- Receivables within one year +€304,948
up €304,948 (+14.4%), from €2.1m to €2.4m
of which Trade receivables: +€432,381
- Current investments +€264,741
up €264,741 (+2521.3%), from €10,500 to €275,241
- Debts after one year +€1.0m
up €1.0m (+29.6%), from €3.5m to €4.6m
- Other debts +€1.0m
up €1.0m (+492.3%), from €205,547 to €1.2m
- Profit (loss) carried forward -€299,224
down €299,224 (-12.7%), from €2.3m to €2.0m
- Current portion of long-term debt +€247,889
up €247,889 (+22.0%), from €1.1m to €1.4m
- Reserves +€210,500
up €210,500 (+66.7%), from €315,750 to €526,250
- Staff costs +€340,189
up €340,189 (+27.9%), from €1.2m to €1.6m
- Gross operating margin +€180,017
up €180,017 (+3.8%), from €4.7m to €4.9m
- Taxes -€165,913
down €165,913 (-43.5%), from €381,578 to €215,665
- Depreciation +€155,636
up €155,636 (+8.8%), from €1.8m to €1.9m
- Write-downs +€53,023
new in 2025: €53,023
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 | €9,481,493 | €12,044,393 | +€2.6m | +27.0% |
| Fixed assets | 21/28 | €6,474,897 | €8,000,898 | +€1.5m | +23.6% |
| Intangible fixed assets | 21 | €150,000 | €100,000 | -€50,000 | -33.3% |
| Tangible fixed assets | 22/27 | €6,324,897 | €7,900,413 | +€1.6m | +24.9% |
| Plant, machinery and equipment | 23 | €5,545,555 | €5,192,393 | -€353,161 | -6.4% |
| Furniture and vehicles | 24 | €3,225 | €2,900 | -€325 | -10.1% |
| Leasing and similar rights | 25 | €776,117 | €2,705,120 | +€1.9m | +248.5% |
| Financial fixed assets | 28 | €0 | €485 | +€485 | |
| Current assets | 29/58 | €3,006,596 | €4,043,495 | +€1.0m | +34.5% |
| Amounts receivable within one year | 40/41 | €2,115,671 | €2,420,618 | +€304,948 | +14.4% |
| Trade receivables | 40 | €1,108,030 | €1,540,410 | +€432,381 | +39.0% |
| Other amounts receivable | 41 | €1,007,641 | €880,208 | -€127,433 | -12.6% |
| Current investments | 50/53 | €10,500 | €275,241 | +€264,741 | +2521.3% |
| Cash at bank and in hand | 54/58 | €796,913 | €1,210,031 | +€413,118 | +51.8% |
| Deferred charges and accrued income | 490/1 | €83,512 | €137,604 | +€54,092 | +64.8% |
| Total equity and liabilities | 10/49 | €9,481,493 | €12,044,393 | +€2.6m | +27.0% |
| Equity | 10/15 | €3,767,883 | €3,679,159 | -€88,724 | -2.4% |
| Contributions | 10/11 | €1,105,099 | €1,105,099 | = | 0.0% |
| Reserves | 13 | €315,750 | €526,250 | +€210,500 | +66.7% |
| Tax-exempt reserves | 132 | €315,750 | €526,250 | +€210,500 | +66.7% |
| Profit (loss) carried forward | 14 | €2,347,034 | €2,047,810 | -€299,224 | -12.7% |
| Amounts payable | 17/49 | €5,713,610 | €8,365,234 | +€2.7m | +46.4% |
| Amounts payable after more than one year | 17 | €3,541,551 | €4,589,805 | +€1.0m | +29.6% |
| Financial debts | 170/4 | €3,541,551 | €4,589,805 | +€1.0m | +29.6% |
| Amounts payable within one year | 42/48 | €1,990,406 | €3,598,372 | +€1.6m | +80.8% |
| Current portion of amounts payable after more than one year | 42 | €1,128,230 | €1,376,119 | +€247,889 | +22.0% |
| Financial debts | 43 | €87,792 | €168,110 | +€80,318 | +91.5% |
| Credit institutions | 430/8 | €87,792 | €168,110 | +€80,318 | +91.5% |
| Trade debts | 44 | €310,393 | €456,416 | +€146,024 | +47.0% |
| Suppliers | 440/4 | €310,393 | €456,416 | +€146,024 | +47.0% |
| Taxes, remuneration and social security | 45 | €258,445 | €380,194 | +€121,749 | +47.1% |
| Taxes | 450/3 | €144,339 | €167,301 | +€22,961 | +15.9% |
| Remuneration and social security | 454/9 | €114,105 | €212,893 | +€98,788 | +86.6% |
| Other amounts payable | 47/48 | €205,547 | €1,217,533 | +€1.0m | +492.3% |
| Accrued charges and deferred income | 492/3 | €181,653 | €177,058 | -€4,595 | -2.5% |
| Non-recurring operating income | 76A | €41,214 | €0 | -€41,214 | -100.0% |
| Remuneration, social security and pensions | 62 | €1,218,358 | €1,558,547 | +€340,189 | +27.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,778,626 | €1,934,262 | +€155,636 | +8.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €53,023 | +€53,023 | |
| Other operating charges | 640/8 | €4,795 | €2,590 | -€2,205 | -46.0% |
| Gross operating margin | 9900 | €4,718,329 | €4,898,346 | +€180,017 | +3.8% |
| Operating profit (loss) | 9901 | €1,716,550 | €1,349,924 | -€366,626 | -21.4% |
| Financial income | 75/76B | €6,182 | €3,651 | -€2,531 | -40.9% |
| Recurring financial income | 75 | €6,182 | €3,651 | -€2,531 | -40.9% |
| Financial charges | 65/66B | €191,736 | €226,635 | +€34,899 | +18.2% |
| Recurring financial charges | 65 | €191,736 | €226,635 | +€34,899 | +18.2% |
| Profit (loss) for the period before taxes | 9903 | €1,530,996 | €1,126,941 | -€404,056 | -26.4% |
| Income taxes | 67/77 | €381,578 | €215,665 | -€165,913 | -43.5% |
| Profit (loss) for the period | 9904 | €1,149,418 | €911,276 | -€238,142 | -20.7% |
| Transfer to tax-exempt reserves | 689 | €105,250 | €210,500 | +€105,250 | +100.0% |
| Profit (loss) for the period to be appropriated | 9905 | €1,044,168 | €700,776 | -€343,392 | -32.9% |
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 2 October 2026 via checked.be.