SPRINGAEL en BRUYNEEL: 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.
SPRINGAEL en BRUYNEEL
Largest movements
- Cash -€14,272
down €14,272 (-35.6%), from €40,081 to €25,809
mainly Net result for the year (-€39,267) and Trade debts (-€6,237)
- Receivables within one year -€12,054
down €12,054 (-49.3%), from €24,437 to €12,384
of which Trade receivables: -€12,026
- Tangible fixed assets -€4,942
down €4,942 (-38.5%), from €12,822 to €7,881
of which Other tangible fixed assets: -€4,172
- Intangible fixed assets -€2,083
down €2,083 (-16.7%), from €12,500 to €10,417
- Profit (loss) carried forward -€39,267
down €39,267 (-47.8%), from -€82,216 to -€121,483
- Other debts +€12,263
up €12,263 (+11.4%), from €107,313 to €119,576
- Trade debts -€6,237
down €6,237 (-50.6%), from €12,320 to €6,083
- Gross operating margin -€5,466
down €5,466 (-22.2%), from -€24,574 to -€30,041
- Depreciation -€1,080
down €1,080 (-10.5%), from €10,240 to €9,161
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €101,252 | €67,292 | -€33,960 | -33.5% |
| Fixed assets | 21/28 | €31,213 | €24,187 | -€7,025 | -22.5% |
| Intangible fixed assets | 21 | €12,500 | €10,417 | -€2,083 | -16.7% |
| Tangible fixed assets | 22/27 | €12,822 | €7,881 | -€4,942 | -38.5% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €7,448 | €6,679 | -€770 | -10.3% |
| Other tangible fixed assets | 26 | €5,374 | €1,202 | -€4,172 | -77.6% |
| Financial fixed assets | 28 | €5,890 | €5,890 | = | 0.0% |
| Current assets | 29/58 | €70,040 | €43,104 | -€26,935 | -38.5% |
| Amounts receivable within one year | 40/41 | €24,437 | €12,384 | -€12,054 | -49.3% |
| Trade receivables | 40 | €22,470 | €10,444 | -€12,026 | -53.5% |
| Other amounts receivable | 41 | €1,968 | €1,940 | -€28 | -1.4% |
| Current investments | 50/53 | €4,200 | €4,200 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €40,081 | €25,809 | -€14,272 | -35.6% |
| Deferred charges and accrued income | 490/1 | €1,321 | €712 | -€610 | -46.2% |
| Total equity and liabilities | 10/49 | €101,252 | €67,292 | -€33,960 | -33.5% |
| Equity | 10/15 | -€19,514 | -€58,782 | -€39,267 | -201% |
| Contributions | 10/11 | €43,592 | €43,592 | = | 0.0% |
| Reserves | 13 | €19,109 | €19,109 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €17,250 | €17,250 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€82,216 | -€121,483 | -€39,267 | -47.8% |
| Amounts payable | 17/49 | €120,767 | €126,073 | +€5,307 | +4.4% |
| Amounts payable within one year | 42/48 | €120,767 | €126,073 | +€5,307 | +4.4% |
| Current portion of amounts payable after more than one year | 42 | €0 | €0 | = | |
| Financial debts | 43 | €0 | €0 | = | |
| Credit institutions | 430/8 | €0 | €0 | = | |
| Trade debts | 44 | €12,320 | €6,083 | -€6,237 | -50.6% |
| Suppliers | 440/4 | €12,320 | €6,083 | -€6,237 | -50.6% |
| Taxes, remuneration and social security | 45 | €1,134 | €414 | -€720 | -63.5% |
| Taxes | 450/3 | €1,134 | €414 | -€720 | -63.5% |
| Other amounts payable | 47/48 | €107,313 | €119,576 | +€12,263 | +11.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,240 | €9,161 | -€1,080 | -10.5% |
| Other operating charges | 640/8 | €64 | €66 | +€2 | +2.9% |
| Gross operating margin | 9900 | -€24,574 | -€30,041 | -€5,466 | -22.2% |
| Operating profit (loss) | 9901 | -€34,879 | -€39,267 | -€4,389 | -12.6% |
| Financial income | 75/76B | €298 | €216 | -€82 | -27.5% |
| Recurring financial income | 75 | €298 | €216 | -€82 | -27.5% |
| Financial charges | 65/66B | €83 | €83 | +€1 | +0.9% |
| Recurring financial charges | 65 | €83 | €83 | +€1 | +0.9% |
| Profit (loss) for the period before taxes | 9903 | -€34,663 | -€39,134 | -€4,471 | -12.9% |
| Income taxes | 67/77 | €128 | €133 | +€5 | +4.0% |
| Profit (loss) for the period | 9904 | -€34,791 | -€39,267 | -€4,477 | -12.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€34,791 | -€39,267 | -€4,477 | -12.9% |
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 31 October 2026 via checked.be.