SPRING '88: what changed
What changed
SPRING '88
NACE 47.519, Retail trade
filed annual accounts (NBB)
Net result for the year
-€68,595
2024 · €25,823-€94,419
Equity
€649,219
2024 · €717,814-€68,595
Cash
€38,860
2024 · €27,431+€11,429
Balance sheet total
€1.5m
2024 · €1.6m-€44,325
Largest movements
Assets
- Tangible fixed assets -€62,126
down €62,126 (-4.1%), from €1.5m to €1.5m
of which Land and buildings: -€58,720
Equity and liabilities
- Other debts +€343,767
up €343,767 (+206%), from €167,006 to €510,773
- Debts after one year -€292,019
down €292,019 (-43.5%), from €672,019 to €380,000
- Profit (loss) carried forward -€68,595
down €68,595 (-21.4%), from -€320,786 to -€389,381
- Current portion of long-term debt -€25,539
down €25,539 (-100%), from €25,539 to €0
Income statement
- Gross operating margin -€101,001
down €101,001 (-95.5%), from €105,779 to €4,778
- Financial charges -€4,813
down €4,813 (-50.2%), from €9,584 to €4,772
- Depreciation -€1,556
down €1,556 (-2.4%), from €63,683 to €62,126
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€25,823
Gross operating margin
-€101,001
Depreciation
+€1,556
Other operating charges
+€43
Financial charges
+€4,813
Taxes
+€171
Result 2025
-€68,595
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€328,988
Investment
€0
Financing
-€317,559
Cash 2024
€27,431
From operations (derived)
+€328,988
Net result for the year
-€68,595
Depreciation
+€62,126
Receivables within one year
-€7,670
Deferred charges and accrued income
+€1,299
Trade debts
-€1,264
Tax, wage and social debts
-€674
Other debts
+€343,767
Financing
-€317,559
Debts after one year
-€292,019
Current portion of long-term debt
-€25,539
Cash 2025
€38,860
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,591,637 | €1,547,311 | -€44,325 | -2.8% |
| Fixed assets | 21/28 | €1,528,726 | €1,466,600 | -€62,126 | -4.1% |
| Tangible fixed assets | 22/27 | €1,528,726 | €1,466,600 | -€62,126 | -4.1% |
| Land and buildings | 22 | €1,520,607 | €1,461,887 | -€58,720 | -3.9% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €8,120 | €4,713 | -€3,407 | -42.0% |
| Current assets | 29/58 | €62,911 | €80,712 | +€17,801 | +28.3% |
| Amounts receivable within one year | 40/41 | €32,253 | €39,923 | +€7,670 | +23.8% |
| Trade receivables | 40 | €32,250 | €38,495 | +€6,245 | +19.4% |
| Other amounts receivable | 41 | €3 | €1,428 | +€1,425 | +52,002% |
| Cash at bank and in hand | 54/58 | €27,431 | €38,860 | +€11,429 | +41.7% |
| Deferred charges and accrued income | 490/1 | €3,227 | €1,928 | -€1,299 | -40.2% |
| Total equity and liabilities | 10/49 | €1,591,637 | €1,547,311 | -€44,325 | -2.8% |
| Equity | 10/15 | €717,814 | €649,219 | -€68,595 | -9.6% |
| Contributions | 10/11 | €1,038,600 | €1,038,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€320,786 | -€389,381 | -€68,595 | -21.4% |
| Amounts payable | 17/49 | €873,822 | €898,092 | +€24,270 | +2.8% |
| Amounts payable after more than one year | 17 | €672,019 | €380,000 | -€292,019 | -43.5% |
| Financial debts | 170/4 | €672,019 | €380,000 | -€292,019 | -43.5% |
| Amounts payable within one year | 42/48 | €201,803 | €518,092 | +€316,289 | +157% |
| Current portion of amounts payable after more than one year | 42 | €25,539 | €0 | -€25,539 | -100% |
| Trade debts | 44 | €3,684 | €2,420 | -€1,264 | -34.3% |
| Suppliers | 440/4 | €3,684 | €2,420 | -€1,264 | -34.3% |
| Taxes, remuneration and social security | 45 | €5,574 | €4,900 | -€674 | -12.1% |
| Taxes | 450/3 | €5,574 | €4,900 | -€674 | -12.1% |
| Other amounts payable | 47/48 | €167,006 | €510,773 | +€343,767 | +206% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €63,683 | €62,126 | -€1,556 | -2.4% |
| Other operating charges | 640/8 | €5,783 | €5,741 | -€43 | -0.7% |
| Gross operating margin | 9900 | €105,779 | €4,778 | -€101,001 | -95.5% |
| Operating profit (loss) | 9901 | €36,313 | -€63,089 | -€99,403 | |
| Financial charges | 65/66B | €9,584 | €4,772 | -€4,813 | -50.2% |
| Recurring financial charges | 65 | €9,584 | €4,772 | -€4,813 | -50.2% |
| Profit (loss) for the period before taxes | 9903 | €26,729 | -€67,861 | -€94,590 | |
| Income taxes | 67/77 | €906 | €734 | -€171 | -18.9% |
| Profit (loss) for the period | 9904 | €25,823 | -€68,595 | -€94,419 | |
| Profit (loss) for the period to be appropriated | 9905 | €25,823 | -€68,595 | -€94,419 |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.