SPRINGUEL: 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.
SPRINGUEL
Largest movements
- Receivables within one year -€146,666
down €146,666 (-53.0%), from €276,764 to €130,099
of which Other amounts receivable: -€128,840
- Cash +€141,448
up €141,448 (+36.8%), from €383,982 to €525,430
mainly Receivables within one year (+€146,666) and Net result for the year (+€37,899)
- Tangible fixed assets -€22,004
down €22,004 (-14.2%), from €154,429 to €132,425
of which Land and buildings: -€16,008
- Other debts -€57,345
down €57,345 (-37.5%), from €153,036 to €95,691
- Reserves +€37,000
up €37,000 (+6.8%), from €547,200 to €584,200
of which Distributable reserves: +€37,000
- Advances received -€15,000
no longer reported in 2025 (was €15,000)
- Tax, wage and social debts +€9,911
up €9,911 (+40.1%), from €24,695 to €34,607
- Gross operating margin -€318,168
down €318,168 (-78.2%), from €406,878 to €88,710
- Taxes -€94,342
down €94,342 (-79.4%), from €118,867 to €24,525
- Other operating charges -€10,454
down €10,454 (-93.9%), from €11,133 to €680
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 | €816,075 | €791,056 | -€25,019 | -3.1% |
| Fixed assets | 21/28 | €155,329 | €133,325 | -€22,004 | -14.2% |
| Tangible fixed assets | 22/27 | €154,429 | €132,425 | -€22,004 | -14.2% |
| Land and buildings | 22 | €125,082 | €109,075 | -€16,008 | -12.8% |
| Plant, machinery and equipment | 23 | €1,874 | €1,408 | -€466 | -24.9% |
| Furniture and vehicles | 24 | €27,472 | €21,942 | -€5,530 | -20.1% |
| Financial fixed assets | 28 | €900 | €900 | = | 0.0% |
| Current assets | 29/58 | €660,747 | €657,731 | -€3,015 | -0.5% |
| Amounts receivable within one year | 40/41 | €276,764 | €130,099 | -€146,666 | -53.0% |
| Trade receivables | 40 | €17,825 | - | -€17,825 | |
| Other amounts receivable | 41 | €258,939 | €130,099 | -€128,840 | -49.8% |
| Cash at bank and in hand | 54/58 | €383,982 | €525,430 | +€141,448 | +36.8% |
| Deferred charges and accrued income | 490/1 | - | €2,203 | +€2,203 | |
| Total equity and liabilities | 10/49 | €816,075 | €791,056 | -€25,019 | -3.1% |
| Equity | 10/15 | €611,931 | €649,830 | +€37,899 | +6.2% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €547,200 | €584,200 | +€37,000 | +6.8% |
| Non-distributable reserves | 130/1 | €24,200 | €24,200 | = | 0.0% |
| Legal reserve | 130 | €24,200 | €24,200 | = | 0.0% |
| Distributable reserves | 133 | €523,000 | €560,000 | +€37,000 | +7.1% |
| Profit (loss) carried forward | 14 | €2,731 | €3,630 | +€899 | +32.9% |
| Amounts payable | 17/49 | €204,145 | €141,226 | -€62,918 | -30.8% |
| Amounts payable within one year | 42/48 | €204,145 | €138,726 | -€65,418 | -32.0% |
| Trade debts | 44 | €11,413 | €8,429 | -€2,984 | -26.1% |
| Suppliers | 440/4 | €11,413 | €8,429 | -€2,984 | -26.1% |
| Advances received on contracts in progress | 46 | €15,000 | - | -€15,000 | |
| Taxes, remuneration and social security | 45 | €24,695 | €34,607 | +€9,911 | +40.1% |
| Taxes | 450/3 | €24,695 | €34,607 | +€9,911 | +40.1% |
| Other amounts payable | 47/48 | €153,036 | €95,691 | -€57,345 | -37.5% |
| Accrued charges and deferred income | 492/3 | - | €2,500 | +€2,500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,771 | €26,474 | -€297 | -1.1% |
| Other operating charges | 640/8 | €11,133 | €680 | -€10,454 | -93.9% |
| Non-recurring operating charges | 66A | - | €424 | +€424 | |
| Gross operating margin | 9900 | €406,878 | €88,710 | -€318,168 | -78.2% |
| Operating profit (loss) | 9901 | €368,974 | €61,133 | -€307,841 | -83.4% |
| Financial income | 75/76B | €1,769 | €3,462 | +€1,693 | +95.7% |
| Recurring financial income | 75 | €1,769 | €3,462 | +€1,693 | +95.7% |
| Financial charges | 65/66B | €3,377 | €2,171 | -€1,206 | -35.7% |
| Recurring financial charges | 65 | €3,377 | €2,171 | -€1,206 | -35.7% |
| Profit (loss) for the period before taxes | 9903 | €367,366 | €62,424 | -€304,942 | -83.0% |
| Income taxes | 67/77 | €118,867 | €24,525 | -€94,342 | -79.4% |
| Profit (loss) for the period | 9904 | €248,499 | €37,899 | -€210,600 | -84.7% |
| Profit (loss) for the period to be appropriated | 9905 | €248,499 | €37,899 | -€210,600 | -84.7% |
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 29 September 2026 via checked.be.