SPLIETHOFF BELGIUM: 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.
SPLIETHOFF BELGIUM
Largest movements
- Receivables within one year -€689,322
down €689,322 (-67.0%), from €1.0m to €339,960
of which Trade receivables: -€678,477
- Cash -€248,620
down €248,620 (-60.7%), from €409,676 to €161,056
mainly Trade debts (-€877,779) and Advances received (-€46,777)
- Tangible fixed assets +€31,268
up €31,268 (+388%), from €8,053 to €39,321
of which Furniture and vehicles: +€32,417
- Trade debts -€877,779
down €877,779 (-77.2%), from €1.1m to €259,812
- Advances received -€46,777
down €46,777 (-57.6%), from €81,227 to €34,451
- Profit (loss) carried forward +€21,173
up €21,173 (+12.0%), from €176,787 to €197,960
- Financial charges +€105,587
up €105,587 (+1,233%), from €8,566 to €114,153
- Financial income +€88,512
up €88,512 (+1,183%), from €7,485 to €95,996
- Gross operating margin +€32,485
up €32,485 (+7.0%), from €462,578 to €495,062
- Staff costs +€11,171
up €11,171 (+2.6%), from €423,124 to €434,295
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 | €1,447,051 | €540,377 | -€906,674 | -62.7% |
| Fixed assets | 21/28 | €8,093 | €39,361 | +€31,268 | +386% |
| Tangible fixed assets | 22/27 | €8,053 | €39,321 | +€31,268 | +388% |
| Plant, machinery and equipment | 23 | €4,246 | €3,097 | -€1,149 | -27.1% |
| Furniture and vehicles | 24 | €3,806 | €36,224 | +€32,417 | +852% |
| Financial fixed assets | 28 | €40 | €40 | = | 0.0% |
| Current assets | 29/58 | €1,438,958 | €501,016 | -€937,942 | -65.2% |
| Amounts receivable within one year | 40/41 | €1,029,283 | €339,960 | -€689,322 | -67.0% |
| Trade receivables | 40 | €999,670 | €321,193 | -€678,477 | -67.9% |
| Other amounts receivable | 41 | €29,612 | €18,767 | -€10,846 | -36.6% |
| Cash at bank and in hand | 54/58 | €409,676 | €161,056 | -€248,620 | -60.7% |
| Total equity and liabilities | 10/49 | €1,447,051 | €540,377 | -€906,674 | -62.7% |
| Equity | 10/15 | €184,847 | €206,020 | +€21,173 | +11.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €176,787 | €197,960 | +€21,173 | +12.0% |
| Amounts payable | 17/49 | €1,262,204 | €334,357 | -€927,847 | -73.5% |
| Amounts payable within one year | 42/48 | €1,262,204 | €334,357 | -€927,847 | -73.5% |
| Trade debts | 44 | €1,137,591 | €259,812 | -€877,779 | -77.2% |
| Suppliers | 440/4 | €1,137,591 | €259,812 | -€877,779 | -77.2% |
| Advances received on contracts in progress | 46 | €81,227 | €34,451 | -€46,777 | -57.6% |
| Taxes, remuneration and social security | 45 | €43,385 | €40,094 | -€3,291 | -7.6% |
| Taxes | 450/3 | €6,283 | €1,867 | -€4,416 | -70.3% |
| Remuneration and social security | 454/9 | €37,102 | €38,227 | +€1,125 | +3.0% |
| Non-recurring operating income | 76A | - | €7,934 | +€7,934 | |
| Remuneration, social security and pensions | 62 | €423,124 | €434,295 | +€11,171 | +2.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,840 | €6,104 | -€737 | -10.8% |
| Other operating charges | 640/8 | €597 | €1,895 | +€1,297 | +217% |
| Gross operating margin | 9900 | €462,578 | €495,062 | +€32,485 | +7.0% |
| Operating profit (loss) | 9901 | €32,016 | €52,769 | +€20,753 | +64.8% |
| Financial income | 75/76B | €7,485 | €95,996 | +€88,512 | +1,183% |
| Recurring financial income | 75 | €7,485 | €95,996 | +€88,512 | +1,183% |
| Financial charges | 65/66B | €8,566 | €114,153 | +€105,587 | +1,233% |
| Recurring financial charges | 65 | €8,566 | €114,153 | +€105,587 | +1,233% |
| Profit (loss) for the period before taxes | 9903 | €30,934 | €34,612 | +€3,678 | +11.9% |
| Income taxes | 67/77 | €13,178 | €13,439 | +€262 | +2.0% |
| Profit (loss) for the period | 9904 | €17,756 | €21,173 | +€3,416 | +19.2% |
| Profit (loss) for the period to be appropriated | 9905 | €17,756 | €21,173 | +€3,416 | +19.2% |
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 28 October 2026 via checked.be.