SPLENDOUR HOUSE: 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.
SPLENDOUR HOUSE
Largest movements
- Receivables within one year +€37,146
up €37,146 (+14.2%), from €261,428 to €298,574
- Tangible fixed assets -€26,319
down €26,319 (-2.4%), from €1.1m to €1.1m
- Other debts +€23,722
up €23,722 (+97.9%), from €24,231 to €47,953
- Reserves -€15,168
down €15,168 (-4.2%), from €360,996 to €345,828
of which Tax-exempt reserves: -€15,168
- Financial income +€4,233
up €4,233 (+28.6%), from €14,813 to €19,046
- Purchases and services +€3,199
up €3,199 (+9.4%), from €33,913 to €37,112
- Turnover +€1,738
up €1,738 (+2.6%), from €65,709 to €67,447
- Gross operating margin -€1,461
down €1,461 (-4.6%), from €31,796 to €30,335
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 | €1,386,915 | €1,392,621 | +€5,706 | +0.4% |
| Fixed assets | 21/28 | €1,116,420 | €1,090,101 | -€26,319 | -2.4% |
| Tangible fixed assets | 22/27 | €1,116,420 | €1,090,101 | -€26,319 | -2.4% |
| Land and buildings | 22 | €1,116,420 | €1,090,101 | -€26,319 | -2.4% |
| Current assets | 29/58 | €270,495 | €302,520 | +€32,025 | +11.8% |
| Amounts receivable within one year | 40/41 | €261,428 | €298,574 | +€37,146 | +14.2% |
| Other amounts receivable | 41 | €261,428 | €298,574 | +€37,146 | +14.2% |
| Cash at bank and in hand | 54/58 | €496 | €1,425 | +€929 | +187.3% |
| Deferred charges and accrued income | 490/1 | €8,571 | €2,521 | -€6,050 | -70.6% |
| Total equity and liabilities | 10/49 | €1,386,915 | €1,392,621 | +€5,706 | +0.4% |
| Equity | 10/15 | €463,451 | €452,292 | -€11,159 | -2.4% |
| Contributions | 10/11 | €63,000 | €63,000 | = | 0.0% |
| Capital | 10 | €63,000 | €63,000 | = | 0.0% |
| Issued capital | 100 | €63,000 | €63,000 | = | 0.0% |
| Reserves | 13 | €360,996 | €345,828 | -€15,168 | -4.2% |
| Non-distributable reserves | 130/1 | €6,300 | €6,300 | = | 0.0% |
| Legal reserve | 130 | €6,300 | €6,300 | = | 0.0% |
| Tax-exempt reserves | 132 | €354,696 | €339,528 | -€15,168 | -4.3% |
| Profit (loss) carried forward | 14 | €39,455 | €43,464 | +€4,009 | +10.2% |
| Provisions and deferred taxes | 16 | €118,899 | €113,842 | -€5,057 | -4.3% |
| Deferred taxes | 168 | €118,899 | €113,842 | -€5,057 | -4.3% |
| Amounts payable | 17/49 | €804,565 | €826,487 | +€21,922 | +2.7% |
| Amounts payable after more than one year | 17 | €767,000 | €767,000 | = | 0.0% |
| Financial debts | 170/4 | €767,000 | €767,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €34,081 | €59,003 | +€24,922 | +73.1% |
| Trade debts | 44 | €2,400 | €2,400 | = | 0.0% |
| Suppliers | 440/4 | €2,400 | €2,400 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €7,450 | €8,650 | +€1,200 | +16.1% |
| Taxes | 450/3 | €7,450 | €8,650 | +€1,200 | +16.1% |
| Other amounts payable | 47/48 | €24,231 | €47,953 | +€23,722 | +97.9% |
| Accrued charges and deferred income | 492/3 | €3,484 | €484 | -€3,000 | -86.1% |
| Turnover | 70 | €65,709 | €67,447 | +€1,738 | +2.6% |
| Goods, raw materials, services and sundry goods | 60/61 | €33,913 | €37,112 | +€3,199 | +9.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,318 | €26,319 | +€1 | 0.0% |
| Other operating charges | 640/8 | €577 | €967 | +€390 | +67.6% |
| Gross operating margin | 9900 | €31,796 | €30,335 | -€1,461 | -4.6% |
| Operating profit (loss) | 9901 | €4,901 | €3,049 | -€1,852 | -37.8% |
| Financial income | 75/76B | €14,813 | €19,046 | +€4,233 | +28.6% |
| Recurring financial income | 75 | €14,813 | €19,046 | +€4,233 | +28.6% |
| Financial charges | 65/66B | €36,909 | €36,902 | -€7 | 0.0% |
| Recurring financial charges | 65 | €36,909 | €36,902 | -€7 | 0.0% |
| Profit (loss) for the period before taxes | 9903 | -€17,195 | -€14,807 | +€2,388 | +13.9% |
| Transfer from deferred taxes | 780 | €5,056 | €5,056 | = | 0.0% |
| Income taxes | 67/77 | €860 | €1,408 | +€548 | +63.7% |
| Profit (loss) for the period | 9904 | -€12,999 | -€11,159 | +€1,840 | +14.2% |
| Transfer from tax-exempt reserves | 789 | €15,168 | €15,168 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €2,169 | €4,009 | +€1,840 | +84.8% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.