Springbok: 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
Springbok
NACE 73.110, Advertising agencies
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€1.2m
2024 · €820,644+€337,050
Equity
€5.2m
2024 · €4.0m+€1.2m
Cash
€101,623
2024 · €607,578-€505,955
Balance sheet total
€27.4m
2024 · €26.3m+€1.1m
Largest movements
Assets
- Receivables within one year +€1.6m
up €1.6m (+26.4%), from €6.2m to €7.8m
of which Other amounts receivable: +€2.1m
- Current investments +€961,636
up €961,636 (+333.6%), from €288,303 to €1.2m
- Cash -€505,955
down €505,955 (-83.3%), from €607,578 to €101,623
mainly Receivables within one year (-€1.6m) and Current investments (-€961,636)
- Intangible fixed assets -€489,445
down €489,445 (-11.1%), from €4.4m to €3.9m
Equity and liabilities
- Profit (loss) carried forward +€1.2m
up €1.2m (+29.1%), from €4.0m to €5.1m
- Short-term financial debts +€1.0m
new in 2025: €1.0m
- Debts after one year -€808,959
down €808,959 (-7.2%), from €11.2m to €10.4m
of which Financial debts: -€808,959
- Advances received -€527,190
down €527,190 (-20.6%), from €2.6m to €2.0m
Income statement
- Turnover -€1.9m
down €1.9m (-10.5%), from €17.7m to €15.9m
- Staff costs -€1.4m
down €1.4m (-19.1%), from €7.1m to €5.8m
- Financial income -€927,644
down €927,644 (-28.8%), from €3.2m to €2.3m
- Financial charges -€832,001
down €832,001 (-39.9%), from €2.1m to €1.3m
of which Non-recurring financial charges: -€502,152
- Services and other goods -€777,942
down €777,942 (-15.2%), from €5.1m to €4.4m
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
€820,644
Turnover
-€1.9m
Other operating income
-€364,912
Goods and materials
-€268,136
Services and other goods
+€777,942
Staff costs
+€1.4m
Depreciation
+€17,329
Write-downs
-€4,112
Other operating charges
+€28,822
Other operating items
+€744,777
Financial income
-€927,644
Financial charges
+€832,001
Taxes
+€4,075
Result 2025
€1.2m
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.
From operations
+€257,785
Investment
-€810,588
Financing
+€46,849
Cash 2024
€607,578
From operations (derived)
+€257,785
Net result for the year
+€1.2m
Depreciation
+€634,989
Receivables after one year
+€150,000
Stocks and contracts
+€20,243
Receivables within one year
-€1.6m
Deferred charges and accrued income
-€3,343
Trade debts
+€234,284
Tax, wage and social debts
+€33,395
Advances received
-€527,190
Other debts
+€103,510
Accrued charges and deferred income
+€93,184
Investment (derived)
-€810,588
Investment in fixed assets (net)
+€151,048
Current investments
-€961,636
Financing
+€46,849
Debts after one year
-€808,959
Current portion of long-term debt
-€171,756
Short-term financial debts
+€1.0m
Cash 2025
€101,623
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €26,301,742 | €27,443,468 | +€1.1m | +4.3% |
| Fixed assets | 21/28 | €18,782,371 | €17,996,335 | -€786,036 | -4.2% |
| Intangible fixed assets | 21 | €4,418,749 | €3,929,304 | -€489,445 | -11.1% |
| Tangible fixed assets | 22/27 | €1,041,520 | €989,237 | -€52,284 | -5.0% |
| Land and buildings | 22 | €759,675 | €683,161 | -€76,514 | -10.1% |
| Plant, machinery and equipment | 23 | €17,484 | €11,056 | -€6,428 | -36.8% |
| Furniture and vehicles | 24 | €132,201 | €98,940 | -€33,260 | -25.2% |
| Leasing and similar rights | 25 | €4,000 | - | -€4,000 | |
| Other tangible fixed assets | 26 | €63,160 | €131,079 | +€67,919 | +107.5% |
| Assets under construction and advance payments | 27 | €65,000 | €65,000 | = | 0.0% |
| Financial fixed assets | 28 | €13,322,102 | €13,077,794 | -€244,308 | -1.8% |
| Affiliated companies | 280/1 | €13,189,250 | €13,029,791 | -€159,459 | -1.2% |
| Participating interests | 280 | €13,189,250 | €13,029,791 | -€159,459 | -1.2% |
| Companies linked by participating interests | 282/3 | €130,461 | €45,613 | -€84,849 | -65.0% |
| Participating interests | 282 | €130,461 | €45,613 | -€84,849 | -65.0% |
| Other financial fixed assets | 284/8 | €2,391 | €2,391 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €2,391 | €2,391 | = | 0.0% |
| Current assets | 29/58 | €7,519,371 | €9,447,133 | +€1.9m | +25.6% |
| Amounts receivable after more than one year | 29 | €150,000 | - | -€150,000 | |
| Other amounts receivable | 291 | €150,000 | - | -€150,000 | |
| Stocks and contracts in progress | 3 | €174,920 | €154,676 | -€20,243 | -11.6% |
| Contracts in progress | 37 | €174,920 | €154,676 | -€20,243 | -11.6% |
| Amounts receivable within one year | 40/41 | €6,208,000 | €7,846,981 | +€1.6m | +26.4% |
| Trade receivables | 40 | €4,070,356 | €3,640,130 | -€430,225 | -10.6% |
| Other amounts receivable | 41 | €2,137,644 | €4,206,851 | +€2.1m | +96.8% |
| Current investments | 50/53 | €288,303 | €1,249,939 | +€961,636 | +333.6% |
| Other investments | 51/53 | €288,303 | €1,249,939 | +€961,636 | +333.6% |
| Cash at bank and in hand | 54/58 | €607,578 | €101,623 | -€505,955 | -83.3% |
| Deferred charges and accrued income | 490/1 | €90,571 | €93,913 | +€3,343 | +3.7% |
| Total equity and liabilities | 10/49 | €26,301,742 | €27,443,468 | +€1.1m | +4.3% |
| Equity | 10/15 | €4,046,441 | €5,204,136 | +€1.2m | +28.6% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €6,150 | €6,150 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,978,791 | €5,136,486 | +€1.2m | +29.1% |
| Amounts payable | 17/49 | €22,255,301 | €22,239,332 | -€15,969 | -0.1% |
| Amounts payable after more than one year | 17 | €11,205,219 | €10,396,260 | -€808,959 | -7.2% |
| Financial debts | 170/4 | €11,159,607 | €10,350,648 | -€808,959 | -7.2% |
| Subordinated loans | 170 | €1,200,000 | €1,200,000 | = | 0.0% |
| Credit institutions | 173 | €2,883,607 | €2,074,648 | -€808,959 | -28.1% |
| Other loans | 174 | €7,076,000 | €7,076,000 | = | 0.0% |
| Other amounts payable | 178/9 | €45,613 | €45,613 | = | 0.0% |
| Amounts payable within one year | 42/48 | €10,697,017 | €11,396,824 | +€699,807 | +6.5% |
| Current portion of amounts payable after more than one year | 42 | €1,580,715 | €1,408,959 | -€171,756 | -10.9% |
| Financial debts | 43 | - | €1,027,564 | +€1.0m | |
| Credit institutions | 430/8 | - | €1,027,564 | +€1.0m | |
| Trade debts | 44 | €1,562,655 | €1,796,940 | +€234,284 | +15.0% |
| Suppliers | 440/4 | €1,562,655 | €1,796,940 | +€234,284 | +15.0% |
| Advances received on contracts in progress | 46 | €2,563,675 | €2,036,485 | -€527,190 | -20.6% |
| Taxes, remuneration and social security | 45 | €876,541 | €909,936 | +€33,395 | +3.8% |
| Taxes | 450/3 | €186,315 | €303,411 | +€117,096 | +62.8% |
| Remuneration and social security | 454/9 | €690,226 | €606,525 | -€83,701 | -12.1% |
| Other amounts payable | 47/48 | €4,113,431 | €4,216,940 | +€103,510 | +2.5% |
| Accrued charges and deferred income | 492/3 | €353,064 | €446,248 | +€93,184 | +26.4% |
| Operating income | 70/76A | €17,847,655 | €16,140,701 | -€1.7m | -9.6% |
| Turnover | 70 | €17,726,407 | €15,863,845 | -€1.9m | -10.5% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | -€514,839 | -€20,243 | +€494,596 | +96.1% |
| Own construction capitalised | 72 | - | €25,925 | +€25,925 | |
| Other operating income | 74 | €636,087 | €271,175 | -€364,912 | -57.4% |
| Operating charges | 60/66A | €18,148,932 | €16,013,361 | -€2.1m | -11.8% |
| Goods for resale, raw materials and consumables | 60 | €4,945,198 | €5,213,333 | +€268,136 | +5.4% |
| Purchases | 600/8 | €4,945,198 | €5,213,333 | +€268,136 | +5.4% |
| Services and other goods | 61 | €5,133,902 | €4,355,960 | -€777,942 | -15.2% |
| Remuneration, social security and pensions | 62 | €7,126,648 | €5,767,178 | -€1.4m | -19.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €652,318 | €634,989 | -€17,329 | -2.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€9,323 | -€5,211 | +€4,112 | +44.1% |
| Other operating charges | 640/8 | €58,514 | €29,692 | -€28,822 | -49.3% |
| Non-recurring operating charges | 66A | €241,676 | €17,420 | -€224,256 | -92.8% |
| Operating profit (loss) | 9901 | -€301,277 | €127,341 | +€428,618 | |
| Financial income | 75/76B | €3,220,588 | €2,292,945 | -€927,644 | -28.8% |
| Recurring financial income | 75 | €3,220,588 | €2,292,945 | -€927,644 | -28.8% |
| Income from financial fixed assets | 750 | €3,100,000 | €2,240,000 | -€860,000 | -27.7% |
| Income from current assets | 751 | €114,806 | €52,404 | -€62,402 | -54.4% |
| Other financial income | 752/9 | €5,783 | €541 | -€5,242 | -90.6% |
| Financial charges | 65/66B | €2,085,377 | €1,253,376 | -€832,001 | -39.9% |
| Recurring financial charges | 65 | €1,060,377 | €730,528 | -€329,849 | -31.1% |
| Debt charges | 650 | €1,023,813 | €714,962 | -€308,851 | -30.2% |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals) | 651 | €25,000 | - | -€25,000 | |
| Other financial charges | 652/9 | €11,564 | €15,566 | +€4,002 | +34.6% |
| Non-recurring financial charges | 66B | €1,025,000 | €522,848 | -€502,152 | -49.0% |
| Profit (loss) for the period before taxes | 9903 | €833,935 | €1,166,910 | +€332,975 | +39.9% |
| Income taxes | 67/77 | €13,291 | €9,216 | -€4,075 | -30.7% |
| Taxes | 670/3 | €13,291 | €9,216 | -€4,075 | -30.7% |
| Profit (loss) for the period | 9904 | €820,644 | €1,157,694 | +€337,050 | +41.1% |
| Profit (loss) for the period to be appropriated | 9905 | €820,644 | €1,157,694 | +€337,050 | +41.1% |
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 11 October 2026 via checked.be.