Splinter Invest: 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.
Splinter Invest
Largest movements
- Stocks and contracts +€23,288
new in 2025: €23,288
- Cash -€17,216
down €17,216 (-96.4%), from €17,860 to €645
mainly Stocks and contracts (-€23,288) and Debts after one year (-€9,146)
- Tangible fixed assets -€5,803
down €5,803 (-7.0%), from €82,796 to €76,994
of which Land and buildings: -€7,240
- Receivables within one year -€5,308
down €5,308 (-67.2%), from €7,903 to €2,595
- Debts after one year -€9,146
down €9,146 (-12.8%), from €71,644 to €62,498
- Other debts +€3,119
up €3,119 (+1,664%), from €187 to €3,307
- Profit (loss) carried forward +€1,404
up €1,404 (+30.9%), from -€4,542 to -€3,138
- Gross operating margin +€816
up €816 (+4.7%), from €17,400 to €18,217
- Financial charges -€480
down €480 (-10.4%), from €4,601 to €4,121
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 | €108,559 | €103,521 | -€5,038 | -4.6% |
| Fixed assets | 21/28 | €82,796 | €76,994 | -€5,803 | -7.0% |
| Tangible fixed assets | 22/27 | €82,796 | €76,994 | -€5,803 | -7.0% |
| Land and buildings | 22 | €81,919 | €74,679 | -€7,240 | -8.8% |
| Furniture and vehicles | 24 | €877 | €2,315 | +€1,437 | +164% |
| Current assets | 29/58 | €25,763 | €26,528 | +€765 | +3.0% |
| Stocks and contracts in progress | 3 | - | €23,288 | +€23,288 | |
| Stocks | 30/36 | - | €23,288 | +€23,288 | |
| Amounts receivable within one year | 40/41 | €7,903 | €2,595 | -€5,308 | -67.2% |
| Trade receivables | 40 | €7,903 | €2,595 | -€5,308 | -67.2% |
| Cash at bank and in hand | 54/58 | €17,860 | €645 | -€17,216 | -96.4% |
| Total equity and liabilities | 10/49 | €108,559 | €103,521 | -€5,038 | -4.6% |
| Equity | 10/15 | €25,487 | €26,891 | +€1,404 | +5.5% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €29 | €29 | = | 0.0% |
| Non-distributable reserves | 130/1 | €29 | €29 | = | 0.0% |
| Reserves not available under the articles | 1311 | €29 | €29 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,542 | -€3,138 | +€1,404 | +30.9% |
| Amounts payable | 17/49 | €83,072 | €76,631 | -€6,442 | -7.8% |
| Amounts payable after more than one year | 17 | €71,644 | €62,498 | -€9,146 | -12.8% |
| Financial debts | 170/4 | €71,644 | €62,498 | -€9,146 | -12.8% |
| Amounts payable within one year | 42/48 | €11,428 | €14,133 | +€2,704 | +23.7% |
| Current portion of amounts payable after more than one year | 42 | €9,146 | €9,146 | = | 0.0% |
| Trade debts | 44 | €169 | €773 | +€604 | +357% |
| Suppliers | 440/4 | €169 | €773 | +€604 | +357% |
| Taxes, remuneration and social security | 45 | €1,926 | €907 | -€1,018 | -52.9% |
| Taxes | 450/3 | €1,926 | €907 | -€1,018 | -52.9% |
| Other amounts payable | 47/48 | €187 | €3,307 | +€3,119 | +1,664% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,212 | €10,300 | +€88 | +0.9% |
| Other operating charges | 640/8 | €1,806 | €1,862 | +€56 | +3.1% |
| Gross operating margin | 9900 | €17,400 | €18,217 | +€816 | +4.7% |
| Operating profit (loss) | 9901 | €5,382 | €6,055 | +€673 | +12.5% |
| Financial income | 75/76B | €0 | €76 | +€76 | |
| Recurring financial income | 75 | €0 | €76 | +€76 | |
| Financial charges | 65/66B | €4,601 | €4,121 | -€480 | -10.4% |
| Recurring financial charges | 65 | €4,601 | €4,121 | -€480 | -10.4% |
| Profit (loss) for the period before taxes | 9903 | €780 | €2,010 | +€1,229 | +158% |
| Income taxes | 67/77 | €427 | €606 | +€179 | +41.9% |
| Profit (loss) for the period | 9904 | €353 | €1,404 | +€1,050 | +297% |
| Profit (loss) for the period to be appropriated | 9905 | €353 | €1,404 | +€1,050 | +297% |
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 13 October 2026 via checked.be.