SPRAYSTREAM: 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.
SPRAYSTREAM
Largest movements
- Cash +€279,913
up €279,913 (+429.8%), from €65,124 to €345,037
mainly Debts after one year (+€287,347) and Receivables within one year (+€17,280)
- Tangible fixed assets +€17,915
up €17,915 (+3.0%), from €600,767 to €618,682
- Receivables within one year -€17,280
down €17,280 (-88.3%), from €19,574 to €2,294
of which Other amounts receivable: -€15,460
- Debts after one year +€287,347
up €287,347 (+47.9%), from €599,539 to €886,886
- Current portion of long-term debt +€16,202
new in 2025: €16,202
- Profit (loss) carried forward -€15,684
new in 2025: -€15,684
- Financial charges +€14,163
up €14,163 (+149.7%), from €9,460 to €23,623
- Gross operating margin +€4,298
up €4,298, from -€2,446 to €1,851
- Other operating charges +€762
up €762 (+95.4%), from €798 to €1,560
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 | €685,466 | €966,013 | +€280,548 | +40.9% |
| Fixed assets | 21/28 | €600,767 | €618,682 | +€17,915 | +3.0% |
| Tangible fixed assets | 22/27 | €600,767 | €618,682 | +€17,915 | +3.0% |
| Land and buildings | 22 | €600,767 | €618,682 | +€17,915 | +3.0% |
| Current assets | 29/58 | €84,698 | €347,331 | +€262,633 | +310.1% |
| Amounts receivable within one year | 40/41 | €19,574 | €2,294 | -€17,280 | -88.3% |
| Trade receivables | 40 | €4,114 | €2,294 | -€1,820 | -44.2% |
| Other amounts receivable | 41 | €15,460 | €0 | -€15,460 | -100.0% |
| Cash at bank and in hand | 54/58 | €65,124 | €345,037 | +€279,913 | +429.8% |
| Total equity and liabilities | 10/49 | €685,466 | €966,013 | +€280,548 | +40.9% |
| Equity | 10/15 | €85,336 | €61,994 | -€23,342 | -27.4% |
| Contributions | 10/11 | €70,000 | €70,000 | = | 0.0% |
| Capital | 10 | €70,000 | €70,000 | = | 0.0% |
| Issued capital | 100 | €70,000 | €70,000 | = | 0.0% |
| Reserves | 13 | €15,336 | €7,677 | -€7,658 | -49.9% |
| Non-distributable reserves | 130/1 | €7,000 | €7,000 | = | 0.0% |
| Legal reserve | 130 | €7,000 | €7,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €677 | €677 | = | 0.0% |
| Distributable reserves | 133 | €7,658 | €0 | -€7,658 | -100.0% |
| Profit (loss) carried forward | 14 | - | -€15,684 | -€15,684 | |
| Amounts payable | 17/49 | €600,130 | €904,020 | +€303,890 | +50.6% |
| Amounts payable after more than one year | 17 | €599,539 | €886,886 | +€287,347 | +47.9% |
| Financial debts | 170/4 | €599,539 | €886,886 | +€287,347 | +47.9% |
| Amounts payable within one year | 42/48 | €465 | €17,134 | +€16,669 | +3586.6% |
| Current portion of amounts payable after more than one year | 42 | - | €16,202 | +€16,202 | |
| Trade debts | 44 | €315 | €330 | +€16 | +5.0% |
| Suppliers | 440/4 | €315 | €330 | +€16 | +5.0% |
| Taxes, remuneration and social security | 45 | - | €451 | +€451 | |
| Taxes | 450/3 | - | €451 | +€451 | |
| Other amounts payable | 47/48 | €150 | €150 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €126 | €0 | -€126 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6 | €10 | +€4 | +66.7% |
| Other operating charges | 640/8 | €798 | €1,560 | +€762 | +95.4% |
| Gross operating margin | 9900 | -€2,446 | €1,851 | +€4,298 | |
| Operating profit (loss) | 9901 | -€3,251 | €281 | +€3,532 | |
| Financial charges | 65/66B | €9,460 | €23,623 | +€14,163 | +149.7% |
| Recurring financial charges | 65 | €9,460 | €23,623 | +€14,163 | +149.7% |
| Profit (loss) for the period before taxes | 9903 | -€12,711 | -€23,342 | -€10,631 | -83.6% |
| Profit (loss) for the period | 9904 | -€12,711 | -€23,342 | -€10,631 | -83.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€12,711 | -€23,342 | -€10,631 | -83.6% |
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 10 October 2026 via checked.be.