Springtide Projects: what changed
Springtide Projects
Largest movements
- Receivables within one year -€33,770
down €33,770 (-67.1%), from €50,346 to €16,575
- Cash -€13,924
no longer reported in 2025 (was €13,924)
mainly Net result for the year (-€48,903) and Tax, wage and social debts (-€5,875)
- Deferred charges and accrued income -€3,160
down €3,160 (-36.1%), from €8,743 to €5,584
- Tangible fixed assets -€1,250
down €1,250 (-75.3%), from €1,661 to €411
- Profit (loss) carried forward -€48,903
down €48,903, from €13,772 to -€35,131
- Tax, wage and social debts -€5,875
down €5,875 (-65.3%), from €9,004 to €3,128
- Other debts +€1,908
up €1,908 (+4.7%), from €41,000 to €42,908
- Trade debts +€761
up €761 (+84.8%), from €898 to €1,659
- Gross operating margin -€108,343
down €108,343, from €62,381 to -€45,962
- Taxes -€13,115
no longer reported in 2025 (was €13,115)
- Financial income -€6,729
no longer reported in 2025 (was €6,729)
- Depreciation -€710
down €710 (-36.2%), from €1,960 to €1,250
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €74,674 | €22,570 | -€52,104 | -69.8% |
| Fixed assets | 21/28 | €1,661 | €411 | -€1,250 | -75.3% |
| Tangible fixed assets | 22/27 | €1,661 | €411 | -€1,250 | -75.3% |
| Furniture and vehicles | 24 | €1,661 | €411 | -€1,250 | -75.3% |
| Current assets | 29/58 | €73,012 | €22,159 | -€50,853 | -69.7% |
| Amounts receivable within one year | 40/41 | €50,346 | €16,575 | -€33,770 | -67.1% |
| Other amounts receivable | 41 | €50,346 | €16,575 | -€33,770 | -67.1% |
| Cash at bank and in hand | 54/58 | €13,924 | - | -€13,924 | |
| Deferred charges and accrued income | 490/1 | €8,743 | €5,584 | -€3,160 | -36.1% |
| Total equity and liabilities | 10/49 | €74,674 | €22,570 | -€52,104 | -69.8% |
| Equity | 10/15 | €23,772 | -€25,131 | -€48,903 | |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €13,772 | -€35,131 | -€48,903 | |
| Amounts payable | 17/49 | €50,902 | €47,701 | -€3,201 | -6.3% |
| Amounts payable within one year | 42/48 | €50,901 | €47,701 | -€3,200 | -6.3% |
| Financial debts | 43 | - | €6 | +€6 | |
| Other loans | 439 | - | €6 | +€6 | |
| Trade debts | 44 | €898 | €1,659 | +€761 | +84.8% |
| Suppliers | 440/4 | €898 | €1,659 | +€761 | +84.8% |
| Taxes, remuneration and social security | 45 | €9,004 | €3,128 | -€5,875 | -65.3% |
| Taxes | 450/3 | €9,004 | €3,128 | -€5,875 | -65.3% |
| Other amounts payable | 47/48 | €41,000 | €42,908 | +€1,908 | +4.7% |
| Accrued charges and deferred income | 492/3 | €1 | - | -€1 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,960 | €1,250 | -€710 | -36.2% |
| Other operating charges | 640/8 | €1,001 | €669 | -€332 | -33.2% |
| Gross operating margin | 9900 | €62,381 | -€45,962 | -€108,343 | |
| Operating profit (loss) | 9901 | €59,420 | -€47,882 | -€107,302 | |
| Financial income | 75/76B | €6,729 | - | -€6,729 | |
| Recurring financial income | 75 | €6,729 | - | -€6,729 | |
| Financial charges | 65/66B | €514 | €1,022 | +€508 | +98.9% |
| Recurring financial charges | 65 | €514 | €1,022 | +€508 | +98.9% |
| Profit (loss) for the period before taxes | 9903 | €65,636 | -€48,903 | -€114,539 | |
| Income taxes | 67/77 | €13,115 | - | -€13,115 | |
| Profit (loss) for the period | 9904 | €52,520 | -€48,903 | -€101,423 | |
| Profit (loss) for the period to be appropriated | 9905 | €52,520 | -€48,903 | -€101,423 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.