Spring Box: 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.
Spring Box
Largest movements
- Tangible fixed assets -€332,597
down €332,597 (-98.9%), from €336,234 to €3,637
- Cash +€263,674
up €263,674 (+3776.0%), from €6,983 to €270,657
mainly Investment in fixed assets (net) (+€332,251) and Net result for the year (+€172,604)
- Debts after one year -€227,170
no longer reported in 2025 (was €227,170)
- Reserves +€92,588
new in 2025: €92,588
- Profit (loss) carried forward +€80,016
no longer reported in 2025 (was -€80,016)
- Current portion of long-term debt -€24,501
no longer reported in 2025 (was €24,501)
- Trade debts +€23,560
up €23,560 (+1318.2%), from €1,787 to €25,348
- Gross operating margin +€176,242
up €176,242 (+525.6%), from €33,533 to €209,775
- Taxes +€37,487
new in 2025: €37,487
- Depreciation -€18,391
down €18,391 (-97.0%), from €18,956 to €565
- Financial income +€6,405
up €6,405 (+380.4%), from €1,684 to €8,089
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 | €358,840 | €287,398 | -€71,442 | -19.9% |
| Formation expenses | 20 | €602 | €384 | -€219 | -36.3% |
| Fixed assets | 21/28 | €336,234 | €3,637 | -€332,597 | -98.9% |
| Tangible fixed assets | 22/27 | €336,234 | €3,637 | -€332,597 | -98.9% |
| Land and buildings | 22 | €336,234 | €3,637 | -€332,597 | -98.9% |
| Current assets | 29/58 | €22,003 | €283,377 | +€261,374 | +1187.9% |
| Amounts receivable within one year | 40/41 | €12,167 | €12,721 | +€554 | +4.6% |
| Trade receivables | 40 | €12,158 | €4,070 | -€8,088 | -66.5% |
| Other amounts receivable | 41 | €9 | €8,651 | +€8,641 | +93724.3% |
| Cash at bank and in hand | 54/58 | €6,983 | €270,657 | +€263,674 | +3776.0% |
| Deferred charges and accrued income | 490/1 | €2,853 | - | -€2,853 | |
| Total equity and liabilities | 10/49 | €358,840 | €287,398 | -€71,442 | -19.9% |
| Equity | 10/15 | €79,399 | €244,588 | +€165,189 | +208.0% |
| Contributions | 10/11 | €152,000 | €152,000 | = | 0.0% |
| Reserves | 13 | - | €92,588 | +€92,588 | |
| Distributable reserves | 133 | - | €92,588 | +€92,588 | |
| Profit (loss) carried forward | 14 | -€80,016 | - | +€80,016 | |
| Investment grants | 15 | €7,416 | - | -€7,416 | |
| Amounts payable | 17/49 | €279,440 | €42,810 | -€236,630 | -84.7% |
| Amounts payable after more than one year | 17 | €227,170 | - | -€227,170 | |
| Financial debts | 170/4 | €227,170 | - | -€227,170 | |
| Amounts payable within one year | 42/48 | €44,253 | €35,371 | -€8,882 | -20.1% |
| Current portion of amounts payable after more than one year | 42 | €24,501 | - | -€24,501 | |
| Trade debts | 44 | €1,787 | €25,348 | +€23,560 | +1318.2% |
| Suppliers | 440/4 | €1,787 | €25,348 | +€23,560 | +1318.2% |
| Taxes, remuneration and social security | 45 | €825 | €7,285 | +€6,459 | +782.8% |
| Taxes | 450/3 | €825 | €7,285 | +€6,459 | +782.8% |
| Other amounts payable | 47/48 | €17,139 | €2,739 | -€14,401 | -84.0% |
| Accrued charges and deferred income | 492/3 | €8,017 | €7,439 | -€578 | -7.2% |
| Non-recurring operating income | 76A | - | €247,749 | +€247,749 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,956 | €565 | -€18,391 | -97.0% |
| Other operating charges | 640/8 | €3,631 | €3,312 | -€319 | -8.8% |
| Gross operating margin | 9900 | €33,533 | €209,775 | +€176,242 | +525.6% |
| Operating profit (loss) | 9901 | €10,946 | €205,898 | +€194,951 | +1781.0% |
| Financial income | 75/76B | €1,684 | €8,089 | +€6,405 | +380.4% |
| Recurring financial income | 75 | €1,684 | €8,089 | +€6,405 | +380.4% |
| Financial charges | 65/66B | €5,989 | €3,896 | -€2,093 | -34.9% |
| Recurring financial charges | 65 | €5,989 | €3,896 | -€2,093 | -34.9% |
| Profit (loss) for the period before taxes | 9903 | €6,641 | €210,091 | +€203,450 | +3063.3% |
| Income taxes | 67/77 | - | €37,487 | +€37,487 | |
| Profit (loss) for the period | 9904 | €6,641 | €172,604 | +€165,963 | +2498.9% |
| Profit (loss) for the period to be appropriated | 9905 | €6,641 | €172,604 | +€165,963 | +2498.9% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.