SPLICAR: 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.
SPLICAR
Largest movements
- Receivables within one year +€69,836
up €69,836 (+58.9%), from €118,616 to €188,452
of which Trade receivables: +€44,851
- Tangible fixed assets +€46,365
up €46,365 (+215.2%), from €21,543 to €67,908
of which Furniture and vehicles: +€50,833
- Cash +€35,284
up €35,284 (+281.0%), from €12,555 to €47,839
mainly Trade debts (+€71,244) and Debts after one year (+€37,940)
- Stocks and contracts -€21,766
down €21,766 (-25.6%), from €85,104 to €63,338
- Deferred charges and accrued income +€11,236
up €11,236 (+500.5%), from €2,245 to €13,481
- Trade debts +€71,244
up €71,244 (+217.7%), from €32,730 to €103,974
- Debts after one year +€37,940
up €37,940 (+383.1%), from €9,904 to €47,844
- Profit (loss) carried forward +€21,096
up €21,096 (+43.2%), from €48,836 to €69,932
- Accrued charges and deferred income +€20,824
up €20,824 (+1314.6%), from €1,584 to €22,408
- Short-term financial debts -€13,416
down €13,416 (-37.7%), from €35,577 to €22,161
- Gross operating margin +€85,874
up €85,874 (+50.9%), from €168,763 to €254,637
- Staff costs +€37,135
up €37,135 (+31.4%), from €118,347 to €155,482
- Other operating charges +€31,417
up €31,417 (+1100.8%), from €2,854 to €34,271
- Financial charges +€5,030
up €5,030 (+205.1%), from €2,453 to €7,483
- Write-downs +€3,730
new in 2025: €3,730
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 | €240,426 | €381,381 | +€140,955 | +58.6% |
| Fixed assets | 21/28 | €21,906 | €68,271 | +€46,365 | +211.7% |
| Tangible fixed assets | 22/27 | €21,543 | €67,908 | +€46,365 | +215.2% |
| Plant, machinery and equipment | 23 | €7,074 | €3,406 | -€3,668 | -51.9% |
| Furniture and vehicles | 24 | €12,936 | €63,769 | +€50,833 | +393.0% |
| Other tangible fixed assets | 26 | €1,533 | €733 | -€800 | -52.2% |
| Financial fixed assets | 28 | €363 | €363 | = | 0.0% |
| Current assets | 29/58 | €218,520 | €313,110 | +€94,590 | +43.3% |
| Stocks and contracts in progress | 3 | €85,104 | €63,338 | -€21,766 | -25.6% |
| Stocks | 30/36 | €85,104 | €63,338 | -€21,766 | -25.6% |
| Amounts receivable within one year | 40/41 | €118,616 | €188,452 | +€69,836 | +58.9% |
| Trade receivables | 40 | €101,402 | €146,253 | +€44,851 | +44.2% |
| Other amounts receivable | 41 | €17,214 | €42,199 | +€24,985 | +145.1% |
| Cash at bank and in hand | 54/58 | €12,555 | €47,839 | +€35,284 | +281.0% |
| Deferred charges and accrued income | 490/1 | €2,245 | €13,481 | +€11,236 | +500.5% |
| Total equity and liabilities | 10/49 | €240,426 | €381,381 | +€140,955 | +58.6% |
| Equity | 10/15 | €55,036 | €76,132 | +€21,096 | +38.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €48,836 | €69,932 | +€21,096 | +43.2% |
| Amounts payable | 17/49 | €185,390 | €305,249 | +€119,859 | +64.7% |
| Amounts payable after more than one year | 17 | €9,904 | €47,844 | +€37,940 | +383.1% |
| Financial debts | 170/4 | €9,904 | €47,844 | +€37,940 | +383.1% |
| Amounts payable within one year | 42/48 | €173,902 | €234,997 | +€61,095 | +35.1% |
| Current portion of amounts payable after more than one year | 42 | €9,821 | €19,745 | +€9,924 | +101.0% |
| Financial debts | 43 | €35,577 | €22,161 | -€13,416 | -37.7% |
| Credit institutions | 430/8 | €35,577 | €22,161 | -€13,416 | -37.7% |
| Trade debts | 44 | €32,730 | €103,974 | +€71,244 | +217.7% |
| Suppliers | 440/4 | €32,730 | €103,974 | +€71,244 | +217.7% |
| Taxes, remuneration and social security | 45 | €25,766 | €25,293 | -€473 | -1.8% |
| Taxes | 450/3 | €14,391 | €4,418 | -€9,973 | -69.3% |
| Remuneration and social security | 454/9 | €11,375 | €20,875 | +€9,500 | +83.5% |
| Other amounts payable | 47/48 | €70,008 | €63,824 | -€6,184 | -8.8% |
| Accrued charges and deferred income | 492/3 | €1,584 | €22,408 | +€20,824 | +1314.6% |
| Non-recurring operating income | 76A | €634 | - | -€634 | |
| Remuneration, social security and pensions | 62 | €118,347 | €155,482 | +€37,135 | +31.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,071 | €24,856 | +€2,785 | +12.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €3,730 | +€3,730 | |
| Other operating charges | 640/8 | €2,854 | €34,271 | +€31,417 | +1100.8% |
| Non-recurring operating charges | 66A | €1,379 | €50 | -€1,329 | -96.4% |
| Gross operating margin | 9900 | €168,763 | €254,637 | +€85,874 | +50.9% |
| Operating profit (loss) | 9901 | €24,112 | €36,248 | +€12,136 | +50.3% |
| Financial income | 75/76B | €15 | €1 | -€14 | -93.3% |
| Recurring financial income | 75 | €15 | €1 | -€14 | -93.3% |
| Financial charges | 65/66B | €2,453 | €7,483 | +€5,030 | +205.1% |
| Recurring financial charges | 65 | €2,453 | €7,483 | +€5,030 | +205.1% |
| Profit (loss) for the period before taxes | 9903 | €21,674 | €28,766 | +€7,092 | +32.7% |
| Income taxes | 67/77 | €7,787 | €7,670 | -€117 | -1.5% |
| Profit (loss) for the period | 9904 | €13,887 | €21,096 | +€7,209 | +51.9% |
| Profit (loss) for the period to be appropriated | 9905 | €13,887 | €21,096 | +€7,209 | +51.9% |
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 8 October 2026 via checked.be.