SPLV Management: 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.
SPLV Management
Largest movements
- Tangible fixed assets -€12,498
down €12,498 (-36.1%), from €34,654 to €22,156
- Cash +€11,788
up €11,788 (+21.4%), from €55,168 to €66,956
mainly Other debts (+€29,986) and Depreciation (+€13,771)
- Receivables within one year +€11,734
up €11,734 (+202.6%), from €5,793 to €17,527
of which Trade receivables: +€11,734
- Other debts +€29,986
up €29,986 (+200.5%), from €14,957 to €44,944
- Debts after one year -€14,277
down €14,277 (-62.6%), from €22,803 to €8,526
- Tax, wage and social debts -€7,786
down €7,786 (-46.8%), from €16,646 to €8,860
of which Taxes: -€7,745
- Profit (loss) carried forward +€2,038
up €2,038 (+15.3%), from €13,349 to €15,387
- Gross operating margin +€25,573
up €25,573 (+58.1%), from €44,018 to €69,591
- Financial charges +€24,567
up €24,567 (+90.4%), from €27,187 to €51,754
- Other operating charges -€1,347
down €1,347 (-64.7%), from €2,081 to €734
- Taxes +€737
up €737 (+132.2%), from €558 to €1,295
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.
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 | €96,655 | €107,684 | +€11,029 | +11.4% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €35,433 | €22,935 | -€12,498 | -35.3% |
| Tangible fixed assets | 22/27 | €34,654 | €22,156 | -€12,498 | -36.1% |
| Furniture and vehicles | 24 | €34,654 | €22,156 | -€12,498 | -36.1% |
| Financial fixed assets | 28 | €779 | €779 | = | 0.0% |
| Current assets | 29/58 | €61,223 | €84,750 | +€23,527 | +38.4% |
| Amounts receivable within one year | 40/41 | €5,793 | €17,527 | +€11,734 | +202.6% |
| Trade receivables | 40 | €4,826 | €16,560 | +€11,734 | +243.1% |
| Other amounts receivable | 41 | €967 | €967 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €55,168 | €66,956 | +€11,788 | +21.4% |
| Deferred charges and accrued income | 490/1 | €262 | €267 | +€5 | +2.0% |
| Total equity and liabilities | 10/49 | €96,655 | €107,684 | +€11,029 | +11.4% |
| Equity | 10/15 | €18,349 | €20,387 | +€2,038 | +11.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €13,349 | €15,387 | +€2,038 | +15.3% |
| Amounts payable | 17/49 | €78,306 | €87,297 | +€8,991 | +11.5% |
| Amounts payable after more than one year | 17 | €22,803 | €8,526 | -€14,277 | -62.6% |
| Financial debts | 170/4 | €22,803 | €8,526 | -€14,277 | -62.6% |
| Amounts payable within one year | 42/48 | €55,503 | €78,772 | +€23,268 | +41.9% |
| Current portion of amounts payable after more than one year | 42 | €13,861 | €14,277 | +€416 | +3.0% |
| Trade debts | 44 | €10,038 | €10,691 | +€652 | +6.5% |
| Suppliers | 440/4 | €10,038 | €10,691 | +€652 | +6.5% |
| Taxes, remuneration and social security | 45 | €16,646 | €8,860 | -€7,786 | -46.8% |
| Taxes | 450/3 | €14,494 | €6,749 | -€7,745 | -53.4% |
| Remuneration and social security | 454/9 | €2,152 | €2,111 | -€41 | -1.9% |
| Other amounts payable | 47/48 | €14,957 | €44,944 | +€29,986 | +200.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,704 | €13,771 | +€67 | +0.5% |
| Other operating charges | 640/8 | €2,081 | €734 | -€1,347 | -64.7% |
| Gross operating margin | 9900 | €44,018 | €69,591 | +€25,573 | +58.1% |
| Operating profit (loss) | 9901 | €28,233 | €55,087 | +€26,854 | +95.1% |
| Financial income | 75/76B | €0 | €0 | +€0 | +900.0% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +900.0% |
| Financial charges | 65/66B | €27,187 | €51,754 | +€24,567 | +90.4% |
| Recurring financial charges | 65 | €27,187 | €51,754 | +€24,567 | +90.4% |
| Profit (loss) for the period before taxes | 9903 | €1,046 | €3,333 | +€2,287 | +218.6% |
| Income taxes | 67/77 | €558 | €1,295 | +€737 | +132.2% |
| Profit (loss) for the period | 9904 | €489 | €2,038 | +€1,550 | +317.2% |
| Profit (loss) for the period to be appropriated | 9905 | €489 | €2,038 | +€1,550 | +317.2% |
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.