spring management: 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.
What changed
spring management
NACE 82.100, Office administrative and support services
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€8,577
2024 · €53,704-€45,127
Equity
€2.2m
2024 · €2.2m+€8,577
Cash
€8,652
2024 · €13,927-€5,275
Balance sheet total
€2.4m
2024 · €2.7m-€233,164
Largest movements
Assets
- Receivables within one year -€206,406
down €206,406 (-100%), from €206,406 to €0
of which Other amounts receivable: -€200,235
Equity and liabilities
- Debts after one year -€236,706
down €236,706 (-69.5%), from €340,368 to €103,662
Income statement
- Gross operating margin -€57,857
down €57,857 (-29.2%), from €197,872 to €140,015
- Taxes -€17,106
down €17,106 (-80.5%), from €21,251 to €4,145
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.
Result 2024
€53,704
Gross operating margin
-€57,857
Staff costs
-€1,157
Depreciation
-€1,951
Other operating charges
+€50
Financial income
-€10
Financial charges
-€1,308
Taxes
+€17,106
Result 2025
€8,577
raises the resultlowers the result
Derived cash bridge
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.
From operations
+€236,812
Investment
-€8,735
Financing
-€233,352
Cash 2024
€13,927
From operations (derived)
+€236,812
Net result for the year
+€8,577
Depreciation
+€29,283
Receivables within one year
+€206,406
Deferred charges and accrued income
+€935
Trade debts
+€4,126
Tax, wage and social debts
+€9,032
Accrued charges and deferred income
-€21,547
Investment (derived)
-€8,735
Investment in fixed assets (net)
-€8,735
Financing
-€233,352
Debts after one year
-€236,706
Current portion of long-term debt
+€3,354
Cash 2025
€8,652
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,666,041 | €2,432,877 | -€233,164 | -8.7% |
| Fixed assets | 21/28 | €2,443,841 | €2,423,293 | -€20,548 | -0.8% |
| Tangible fixed assets | 22/27 | €644,741 | €624,193 | -€20,548 | -3.2% |
| Land and buildings | 22 | €543,276 | €526,569 | -€16,707 | -3.1% |
| Furniture and vehicles | 24 | €3,291 | €1,849 | -€1,442 | -43.8% |
| Other tangible fixed assets | 26 | €98,174 | €95,775 | -€2,399 | -2.4% |
| Financial fixed assets | 28 | €1,799,100 | €1,799,100 | = | 0.0% |
| Current assets | 29/58 | €222,200 | €9,584 | -€212,616 | -95.7% |
| Amounts receivable within one year | 40/41 | €206,406 | €0 | -€206,406 | -100% |
| Trade receivables | 40 | €6,171 | €0 | -€6,171 | -100% |
| Other amounts receivable | 41 | €200,235 | €0 | -€200,235 | -100% |
| Cash at bank and in hand | 54/58 | €13,927 | €8,652 | -€5,275 | -37.9% |
| Deferred charges and accrued income | 490/1 | €1,867 | €932 | -€935 | -50.1% |
| Total equity and liabilities | 10/49 | €2,666,041 | €2,432,877 | -€233,164 | -8.7% |
| Equity | 10/15 | €2,169,586 | €2,178,162 | +€8,577 | +0.4% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €10,783 | €10,783 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €4,583 | €4,583 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,096,803 | €2,105,380 | +€8,577 | +0.4% |
| Amounts payable | 17/49 | €496,456 | €254,715 | -€241,741 | -48.7% |
| Amounts payable after more than one year | 17 | €340,368 | €103,662 | -€236,706 | -69.5% |
| Financial debts | 170/4 | €340,368 | €103,662 | -€236,706 | -69.5% |
| Amounts payable within one year | 42/48 | €132,088 | €148,599 | +€16,511 | +12.5% |
| Current portion of amounts payable after more than one year | 42 | €78,519 | €81,873 | +€3,354 | +4.3% |
| Trade debts | 44 | €18,774 | €22,899 | +€4,126 | +22.0% |
| Suppliers | 440/4 | €18,774 | €22,899 | +€4,126 | +22.0% |
| Taxes, remuneration and social security | 45 | €34,796 | €43,827 | +€9,032 | +26.0% |
| Taxes | 450/3 | €26,117 | €34,926 | +€8,809 | +33.7% |
| Remuneration and social security | 454/9 | €8,679 | €8,901 | +€222 | +2.6% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €24,000 | €2,453 | -€21,547 | -89.8% |
| Non-recurring operating income | 76A | €0 | €1,900 | +€1,900 | |
| Remuneration, social security and pensions | 62 | €81,140 | €82,297 | +€1,157 | +1.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,332 | €29,283 | +€1,951 | +7.1% |
| Other operating charges | 640/8 | €3,827 | €3,777 | -€50 | -1.3% |
| Gross operating margin | 9900 | €197,872 | €140,015 | -€57,857 | -29.2% |
| Operating profit (loss) | 9901 | €85,573 | €24,658 | -€60,915 | -71.2% |
| Financial income | 75/76B | €10 | €0 | -€10 | -100% |
| Recurring financial income | 75 | €10 | €0 | -€10 | -100% |
| Financial charges | 65/66B | €10,628 | €11,936 | +€1,308 | +12.3% |
| Recurring financial charges | 65 | €10,628 | €11,936 | +€1,308 | +12.3% |
| Profit (loss) for the period before taxes | 9903 | €74,955 | €12,722 | -€62,233 | -83.0% |
| Income taxes | 67/77 | €21,251 | €4,145 | -€17,106 | -80.5% |
| Profit (loss) for the period | 9904 | €53,704 | €8,577 | -€45,127 | -84.0% |
| Profit (loss) for the period to be appropriated | 9905 | €53,704 | €8,577 | -€45,127 | -84.0% |
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 17 October 2026 via checked.be.