SPRINGAEL C: what changed
Two fiscal 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.
SPRINGAEL C
Largest movements
- Cash +€52,750
up €52,750 (+20.2%), from €260,933 to €313,683
mainly Debts after one year (+€138,815) and Net result for the year (+€67,123)
- Current investments +€12,000
up €12,000 (+7.6%), from €156,887 to €168,887
- Tangible fixed assets -€6,190
down €6,190 (-39.2%), from €15,787 to €9,597
- Debts after one year +€138,815
up €138,815 (+3116.6%), from €4,454 to €143,269
of which Other amounts payable: +€143,269
- Other debts -€77,724
down €77,724 (-94.6%), from €82,180 to €4,456
- Gross operating margin +€14,328
up €14,328 (+16.8%), from €85,162 to €99,490
- Taxes +€6,233
up €6,233 (+30.7%), from €20,284 to €26,518
- Staff costs -€2,804
no longer reported in 2025 (was €2,804)
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 | €469,239 | €528,552 | +€59,313 | +12.6% |
| Fixed assets | 21/28 | €16,150 | €9,960 | -€6,190 | -38.3% |
| Tangible fixed assets | 22/27 | €15,787 | €9,597 | -€6,190 | -39.2% |
| Furniture and vehicles | 24 | €15,787 | €9,597 | -€6,190 | -39.2% |
| Financial fixed assets | 28 | €363 | €363 | = | 0.0% |
| Current assets | 29/58 | €453,089 | €518,592 | +€65,503 | +14.5% |
| Amounts receivable within one year | 40/41 | €3,006 | €3,006 | = | 0.0% |
| Other amounts receivable | 41 | €3,006 | €3,006 | = | 0.0% |
| Current investments | 50/53 | €156,887 | €168,887 | +€12,000 | +7.6% |
| Cash at bank and in hand | 54/58 | €260,933 | €313,683 | +€52,750 | +20.2% |
| Deferred charges and accrued income | 490/1 | €32,263 | €33,016 | +€752 | +2.3% |
| Total equity and liabilities | 10/49 | €469,239 | €528,552 | +€59,313 | +12.6% |
| Equity | 10/15 | €375,408 | €375,396 | -€12 | 0.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €363,008 | €362,996 | -€12 | 0.0% |
| Distributable reserves | 133 | €363,008 | €362,996 | -€12 | 0.0% |
| Amounts payable | 17/49 | €93,831 | €153,156 | +€59,324 | +63.2% |
| Amounts payable after more than one year | 17 | €4,454 | €143,269 | +€138,815 | +3116.6% |
| Financial debts | 170/4 | €4,454 | - | -€4,454 | |
| Other amounts payable | 178/9 | - | €143,269 | +€143,269 | |
| Amounts payable within one year | 42/48 | €89,109 | €9,886 | -€79,223 | -88.9% |
| Current portion of amounts payable after more than one year | 42 | €5,836 | €4,454 | -€1,382 | -23.7% |
| Trade debts | 44 | €1,094 | - | -€1,094 | |
| Suppliers | 440/4 | €1,094 | - | -€1,094 | |
| Taxes, remuneration and social security | 45 | - | €976 | +€976 | |
| Taxes | 450/3 | - | €976 | +€976 | |
| Other amounts payable | 47/48 | €82,180 | €4,456 | -€77,724 | -94.6% |
| Accrued charges and deferred income | 492/3 | €268 | - | -€268 | |
| Remuneration, social security and pensions | 62 | €2,804 | - | -€2,804 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,858 | €6,190 | -€668 | -9.7% |
| Other operating charges | 640/8 | €1,032 | €1,190 | +€157 | +15.2% |
| Gross operating margin | 9900 | €85,162 | €99,490 | +€14,328 | +16.8% |
| Operating profit (loss) | 9901 | €74,468 | €92,110 | +€17,642 | +23.7% |
| Financial income | 75/76B | €1,719 | €1,806 | +€87 | +5.0% |
| Recurring financial income | 75 | €1,719 | €1,806 | +€87 | +5.0% |
| Financial charges | 65/66B | €425 | €275 | -€150 | -35.3% |
| Recurring financial charges | 65 | €425 | €275 | -€150 | -35.3% |
| Profit (loss) for the period before taxes | 9903 | €75,762 | €93,641 | +€17,879 | +23.6% |
| Income taxes | 67/77 | €20,284 | €26,518 | +€6,233 | +30.7% |
| Profit (loss) for the period | 9904 | €55,478 | €67,123 | +€11,645 | +21.0% |
| Profit (loss) for the period to be appropriated | 9905 | €55,478 | €67,123 | +€11,645 | +21.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.