SPRINGBOK: 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.
SPRINGBOK
Largest movements
- Receivables within one year +€244,306
up €244,306 (+69.6%), from €351,029 to €595,335
of which Trade receivables: +€244,507
- Cash -€57,760
down €57,760 (-23.1%), from €249,857 to €192,096
mainly Receivables within one year (-€244,306) and Net result for the year (-€55,879)
- Tangible fixed assets -€14,874
down €14,874 (-5.9%), from €251,246 to €236,371
of which Land and buildings: -€15,253
- Deferred charges and accrued income +€10,746
up €10,746 (+56.1%), from €19,163 to €29,909
- Advances received +€271,042
up €271,042 (+125.7%), from €215,545 to €486,587
- Profit (loss) carried forward -€55,879
new in 2025: -€55,879
- Debts after one year -€46,702
down €46,702 (-37.3%), from €125,333 to €78,631
- Accrued charges and deferred income +€46,445
up €46,445 (+128.2%), from €36,227 to €82,672
- Trade debts -€35,396
down €35,396 (-56.9%), from €62,254 to €26,858
- Gross operating margin -€160,572
down €160,572, from €137,749 to -€22,823
- Financial charges -€86,163
down €86,163 (-87.4%), from €98,605 to €12,442
of which Non-recurring financial charges: -€87,195
- Taxes -€1,702
down €1,702 (-86.3%), from €1,972 to €270
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 | €871,294 | €1,053,712 | +€182,417 | +20.9% |
| Fixed assets | 21/28 | €251,246 | €236,371 | -€14,874 | -5.9% |
| Tangible fixed assets | 22/27 | €251,246 | €236,371 | -€14,874 | -5.9% |
| Land and buildings | 22 | €244,747 | €229,495 | -€15,253 | -6.2% |
| Plant, machinery and equipment | 23 | €1,782 | €517 | -€1,265 | -71.0% |
| Furniture and vehicles | 24 | €944 | €3,069 | +€2,125 | +225.1% |
| Other tangible fixed assets | 26 | €3,772 | €3,290 | -€482 | -12.8% |
| Current assets | 29/58 | €620,049 | €817,340 | +€197,292 | +31.8% |
| Amounts receivable within one year | 40/41 | €351,029 | €595,335 | +€244,306 | +69.6% |
| Trade receivables | 40 | €349,898 | €594,404 | +€244,507 | +69.9% |
| Other amounts receivable | 41 | €1,131 | €930 | -€201 | -17.8% |
| Cash at bank and in hand | 54/58 | €249,857 | €192,096 | -€57,760 | -23.1% |
| Deferred charges and accrued income | 490/1 | €19,163 | €29,909 | +€10,746 | +56.1% |
| Total equity and liabilities | 10/49 | €871,294 | €1,053,712 | +€182,417 | +20.9% |
| Equity | 10/15 | €251,392 | €195,513 | -€55,879 | -22.2% |
| Contributions | 10/11 | €22,550 | €20,500 | -€2,050 | -9.1% |
| Revaluation surpluses | 12 | €142,344 | €134,852 | -€7,492 | -5.3% |
| Reserves | 13 | €86,498 | €96,040 | +€9,542 | +11.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €232 | €232 | = | 0.0% |
| Distributable reserves | 133 | €86,267 | €95,809 | +€9,542 | +11.1% |
| Profit (loss) carried forward | 14 | - | -€55,879 | -€55,879 | |
| Amounts payable | 17/49 | €619,902 | €858,199 | +€238,297 | +38.4% |
| Amounts payable after more than one year | 17 | €125,333 | €78,631 | -€46,702 | -37.3% |
| Financial debts | 170/4 | €125,333 | €78,631 | -€46,702 | -37.3% |
| Amounts payable within one year | 42/48 | €458,343 | €696,897 | +€238,554 | +52.0% |
| Current portion of amounts payable after more than one year | 42 | €73,935 | €64,187 | -€9,747 | -13.2% |
| Financial debts | 43 | €100,000 | €100,000 | = | 0.0% |
| Credit institutions | 430/8 | €100,000 | €100,000 | = | 0.0% |
| Trade debts | 44 | €62,254 | €26,858 | -€35,396 | -56.9% |
| Suppliers | 440/4 | €62,254 | €26,858 | -€35,396 | -56.9% |
| Advances received on contracts in progress | 46 | €215,545 | €486,587 | +€271,042 | +125.7% |
| Taxes, remuneration and social security | 45 | €3,054 | €576 | -€2,478 | -81.1% |
| Taxes | 450/3 | €3,054 | €576 | -€2,478 | -81.1% |
| Other amounts payable | 47/48 | €3,556 | €18,689 | +€15,133 | +425.6% |
| Accrued charges and deferred income | 492/3 | €36,227 | €82,672 | +€46,445 | +128.2% |
| Remuneration, social security and pensions | 62 | €1,200 | - | -€1,200 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,210 | €17,639 | +€428 | +2.5% |
| Other operating charges | 640/8 | €1,859 | €2,707 | +€848 | +45.6% |
| Gross operating margin | 9900 | €137,749 | -€22,823 | -€160,572 | |
| Operating profit (loss) | 9901 | €117,480 | -€43,168 | -€160,648 | |
| Financial income | 75/76B | €306 | €0 | -€305 | -99.9% |
| Recurring financial income | 75 | €96 | €0 | -€96 | -99.7% |
| Non-recurring financial income | 76B | €210 | - | -€210 | |
| Financial charges | 65/66B | €98,605 | €12,442 | -€86,163 | -87.4% |
| Recurring financial charges | 65 | €10,845 | €11,877 | +€1,032 | +9.5% |
| Non-recurring financial charges | 66B | €87,760 | €565 | -€87,195 | -99.4% |
| Profit (loss) for the period before taxes | 9903 | €19,181 | -€55,610 | -€74,791 | |
| Income taxes | 67/77 | €1,972 | €270 | -€1,702 | -86.3% |
| Profit (loss) for the period | 9904 | €17,209 | -€55,879 | -€73,089 | |
| Profit (loss) for the period to be appropriated | 9905 | €17,209 | -€55,879 | -€73,089 |
Source: filed annual accounts (NBB), fiscal years ended 31 October 2024 and 31 October 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.