SPRENGEL: 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.
SPRENGEL
Largest movements
- Cash -€320,498
down €320,498 (-73.4%), from €436,752 to €116,253
mainly Debts after one year (-€140,403) and Receivables after one year (-€105,967)
- Receivables after one year +€105,967
up €105,967 (+6.2%), from €1.7m to €1.8m
- Debts after one year -€140,403
down €140,403 (-33.1%), from €424,509 to €284,106
- Trade debts -€72,056
down €72,056 (-83.6%), from €86,233 to €14,177
- Turnover +€35,769
up €35,769 (+12.3%), from €289,731 to €325,500
- Depreciation +€23,356
up €23,356 (+151.9%), from €15,379 to €38,734
- Purchases and services +€21,668
up €21,668 (+9.0%), from €241,595 to €263,263
- Gross operating margin +€14,186
up €14,186 (+20.2%), from €70,321 to €84,507
- Financial income -€10,756
down €10,756 (-39.0%), from €27,608 to €16,852
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 | €3,233,522 | €3,032,415 | -€201,107 | -6.2% |
| Fixed assets | 21/28 | €1,071,204 | €1,068,974 | -€2,229 | -0.2% |
| Tangible fixed assets | 22/27 | €1,071,204 | €1,068,974 | -€2,229 | -0.2% |
| Land and buildings | 22 | €645,172 | €1,049,433 | +€404,261 | +62.7% |
| Assets under construction and advance payments | 27 | €426,032 | €19,541 | -€406,490 | -95.4% |
| Current assets | 29/58 | €2,162,318 | €1,963,441 | -€198,878 | -9.2% |
| Amounts receivable after more than one year | 29 | €1,703,945 | €1,809,912 | +€105,967 | +6.2% |
| Trade receivables | 290 | €1,703,945 | €1,809,912 | +€105,967 | +6.2% |
| Amounts receivable within one year | 40/41 | €2,278 | €17,852 | +€15,574 | +683.7% |
| Trade receivables | 40 | - | €16,853 | +€16,853 | |
| Other amounts receivable | 41 | €2,278 | €999 | -€1,279 | -56.1% |
| Cash at bank and in hand | 54/58 | €436,752 | €116,253 | -€320,498 | -73.4% |
| Deferred charges and accrued income | 490/1 | €19,343 | €19,423 | +€80 | +0.4% |
| Total equity and liabilities | 10/49 | €3,233,522 | €3,032,415 | -€201,107 | -6.2% |
| Equity | 10/15 | €2,581,354 | €2,583,015 | +€1,661 | +0.1% |
| Contributions | 10/11 | €120,000 | €120,000 | = | 0.0% |
| Capital | 10 | €120,000 | €120,000 | = | 0.0% |
| Issued capital | 100 | €120,000 | €120,000 | = | 0.0% |
| Reserves | 13 | €2,461,354 | €2,463,015 | +€1,661 | +0.1% |
| Non-distributable reserves | 130/1 | €112,000 | €112,000 | = | 0.0% |
| Legal reserve | 130 | €112,000 | €112,000 | = | 0.0% |
| Distributable reserves | 133 | €2,349,354 | €2,351,015 | +€1,661 | +0.1% |
| Amounts payable | 17/49 | €652,168 | €449,399 | -€202,769 | -31.1% |
| Amounts payable after more than one year | 17 | €424,509 | €284,106 | -€140,403 | -33.1% |
| Financial debts | 170/4 | €424,509 | €284,106 | -€140,403 | -33.1% |
| Amounts payable within one year | 42/48 | €225,034 | €162,117 | -€62,917 | -28.0% |
| Current portion of amounts payable after more than one year | 42 | €134,929 | €140,403 | +€5,474 | +4.1% |
| Trade debts | 44 | €86,233 | €14,177 | -€72,056 | -83.6% |
| Suppliers | 440/4 | €86,233 | €14,177 | -€72,056 | -83.6% |
| Taxes, remuneration and social security | 45 | €3,873 | €7,538 | +€3,665 | +94.6% |
| Taxes | 450/3 | €3,873 | €7,538 | +€3,665 | +94.6% |
| Accrued charges and deferred income | 492/3 | €2,625 | €3,176 | +€551 | +21.0% |
| Turnover | 70 | €289,731 | €325,500 | +€35,769 | +12.3% |
| Goods, raw materials, services and sundry goods | 60/61 | €241,595 | €263,263 | +€21,668 | +9.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,379 | €38,734 | +€23,356 | +151.9% |
| Other operating charges | 640/8 | €38,943 | €40,088 | +€1,145 | +2.9% |
| Gross operating margin | 9900 | €70,321 | €84,507 | +€14,186 | +20.2% |
| Operating profit (loss) | 9901 | €16,000 | €5,684 | -€10,316 | -64.5% |
| Financial income | 75/76B | €27,608 | €16,852 | -€10,756 | -39.0% |
| Recurring financial income | 75 | €27,608 | €16,852 | -€10,756 | -39.0% |
| Financial charges | 65/66B | €18,478 | €20,443 | +€1,964 | +10.6% |
| Recurring financial charges | 65 | €18,478 | €20,443 | +€1,964 | +10.6% |
| Profit (loss) for the period before taxes | 9903 | €25,130 | €2,094 | -€23,036 | -91.7% |
| Income taxes | 67/77 | €4,587 | €432 | -€4,155 | -90.6% |
| Profit (loss) for the period | 9904 | €20,543 | €1,661 | -€18,881 | -91.9% |
| Profit (loss) for the period to be appropriated | 9905 | €20,543 | €1,661 | -€18,881 | -91.9% |
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 12 October 2026 via checked.be.