SPLIMO: 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.
SPLIMO
Largest movements
- Receivables within one year +€1.2m
up €1.2m (+30.4%), from €3.9m to €5.1m
of which Other amounts receivable: +€900,738
- Tangible fixed assets -€295,462
down €295,462 (-13.8%), from €2.1m to €1.8m
of which Land and buildings: -€352,543
- Receivables after one year -€100,000
down €100,000 (-4.9%), from €2.1m to €2.0m
- Advances received +€1.4m
new in 2025: €1.4m
- Trade debts -€784,627
down €784,627 (-36.1%), from €2.2m to €1.4m
- Profit (loss) carried forward +€430,228
up €430,228 (+34.7%), from €1.2m to €1.7m
- Debts after one year -€319,306
down €319,306 (-12.4%), from €2.6m to €2.3m
- Current portion of long-term debt +€167,098
up €167,098 (+21.0%), from €796,568 to €963,666
- Gross operating margin -€527,403
down €527,403 (-32.7%), from €1.6m to €1.1m
- Financial charges -€66,447
down €66,447 (-34.7%), from €191,646 to €125,199
- Taxes +€38,246
up €38,246 (+29.7%), from €128,588 to €166,834
- Depreciation +€24,830
up €24,830 (+9.0%), from €275,506 to €300,336
- Financial income -€21,999
down €21,999 (-13.7%), from €160,252 to €138,253
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 | €8,990,257 | €9,805,998 | +€815,741 | +9.1% |
| Fixed assets | 21/28 | €2,945,266 | €2,649,804 | -€295,462 | -10.0% |
| Tangible fixed assets | 22/27 | €2,136,165 | €1,840,703 | -€295,462 | -13.8% |
| Land and buildings | 22 | €2,131,497 | €1,778,954 | -€352,543 | -16.5% |
| Furniture and vehicles | 24 | €4,668 | €698 | -€3,970 | -85.0% |
| Assets under construction and advance payments | 27 | - | €61,051 | +€61,051 | |
| Financial fixed assets | 28 | €809,101 | €809,101 | = | 0.0% |
| Current assets | 29/58 | €6,044,991 | €7,156,194 | +€1.1m | +18.4% |
| Amounts receivable after more than one year | 29 | €2,058,064 | €1,958,064 | -€100,000 | -4.9% |
| Trade receivables | 290 | €2,058,064 | €1,958,064 | -€100,000 | -4.9% |
| Amounts receivable within one year | 40/41 | €3,917,203 | €5,109,932 | +€1.2m | +30.4% |
| Trade receivables | 40 | €819,538 | €1,111,529 | +€291,991 | +35.6% |
| Other amounts receivable | 41 | €3,097,665 | €3,998,403 | +€900,738 | +29.1% |
| Cash at bank and in hand | 54/58 | €69,506 | €87,183 | +€17,677 | +25.4% |
| Deferred charges and accrued income | 490/1 | €218 | €1,015 | +€797 | +365.6% |
| Total equity and liabilities | 10/49 | €8,990,257 | €9,805,998 | +€815,741 | +9.1% |
| Equity | 10/15 | €2,468,348 | €2,873,302 | +€404,954 | +16.4% |
| Contributions | 10/11 | €1,000,000 | €1,000,000 | = | 0.0% |
| Capital | 10 | €1,000,000 | €1,000,000 | = | 0.0% |
| Issued capital | 100 | €1,000,000 | €1,000,000 | = | 0.0% |
| Reserves | 13 | €100,000 | €100,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €100,000 | €100,000 | = | 0.0% |
| Legal reserve | 130 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,238,076 | €1,668,304 | +€430,228 | +34.7% |
| Investment grants | 15 | €130,272 | €104,998 | -€25,274 | -19.4% |
| Amounts payable | 17/49 | €6,521,909 | €6,932,696 | +€410,787 | +6.3% |
| Amounts payable after more than one year | 17 | €2,574,167 | €2,254,861 | -€319,306 | -12.4% |
| Financial debts | 170/4 | €2,574,167 | €2,254,861 | -€319,306 | -12.4% |
| Amounts payable within one year | 42/48 | €3,837,721 | €4,570,039 | +€732,318 | +19.1% |
| Current portion of amounts payable after more than one year | 42 | €796,568 | €963,666 | +€167,098 | +21.0% |
| Trade debts | 44 | €2,176,210 | €1,391,583 | -€784,627 | -36.1% |
| Suppliers | 440/4 | €2,176,210 | €1,391,583 | -€784,627 | -36.1% |
| Advances received on contracts in progress | 46 | - | €1,384,985 | +€1.4m | |
| Taxes, remuneration and social security | 45 | €160,115 | €275,969 | +€115,854 | +72.4% |
| Taxes | 450/3 | €160,115 | €275,969 | +€115,854 | +72.4% |
| Other amounts payable | 47/48 | €704,828 | €553,836 | -€150,992 | -21.4% |
| Accrued charges and deferred income | 492/3 | €110,021 | €107,796 | -€2,225 | -2.0% |
| Non-recurring operating income | 76A | €667,179 | - | -€667,179 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €275,506 | €300,336 | +€24,830 | +9.0% |
| Other operating charges | 640/8 | €130,279 | €136,258 | +€5,979 | +4.6% |
| Non-recurring operating charges | 66A | €39,057 | €64,634 | +€25,577 | +65.5% |
| Gross operating margin | 9900 | €1,612,639 | €1,085,236 | -€527,403 | -32.7% |
| Operating profit (loss) | 9901 | €1,167,797 | €584,008 | -€583,789 | -50.0% |
| Financial income | 75/76B | €160,252 | €138,253 | -€21,999 | -13.7% |
| Recurring financial income | 75 | €160,252 | €138,253 | -€21,999 | -13.7% |
| Financial charges | 65/66B | €191,646 | €125,199 | -€66,447 | -34.7% |
| Recurring financial charges | 65 | €191,646 | €125,199 | -€66,447 | -34.7% |
| Profit (loss) for the period before taxes | 9903 | €1,136,403 | €597,062 | -€539,341 | -47.5% |
| Income taxes | 67/77 | €128,588 | €166,834 | +€38,246 | +29.7% |
| Profit (loss) for the period | 9904 | €1,007,815 | €430,228 | -€577,587 | -57.3% |
| Profit (loss) for the period to be appropriated | 9905 | €1,007,815 | €430,228 | -€577,587 | -57.3% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.