SPRIVER: 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.
SPRIVER
Largest movements
- Tangible fixed assets +€544,226
up €544,226 (+41.5%), from €1.3m to €1.9m
of which Land and buildings: +€550,423
- Receivables within one year -€249,617
down €249,617 (-49.0%), from €508,909 to €259,291
of which Other amounts receivable: -€259,404
- Receivables after one year +€112,213
up €112,213 (+65.8%), from €170,504 to €282,717
- Cash -€75,813
down €75,813 (-32.9%), from €230,676 to €154,863
mainly Investment in fixed assets (net) (-€616,256) and Receivables after one year (-€112,213)
- Other debts +€280,972
up €280,972 (+250.6%), from €112,121 to €393,092
- Profit (loss) carried forward +€83,421
up €83,421 (+25.4%), from €328,614 to €412,035
- Debts after one year -€38,314
down €38,314 (-10.1%), from €377,535 to €339,222
- Provisions -€30,140
down €30,140 (-18.0%), from €167,357 to €137,217
- Gross operating margin +€77,037
up €77,037 (+63.5%), from €121,398 to €198,435
- Other operating charges -€67,572
down €67,572 (-66.0%), from €102,370 to €34,798
- Depreciation +€9,702
up €9,702 (+13.9%), from €69,728 to €79,430
- Taxes -€8,448
down €8,448 (-30.4%), from -€27,832 to -€36,280
- Financial income +€2,371
up €2,371 (+41.7%), from €5,691 to €8,062
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 | €2,275,065 | €2,598,631 | +€323,567 | +14.2% |
| Fixed assets | 21/28 | €1,358,039 | €1,894,865 | +€536,826 | +39.5% |
| Intangible fixed assets | 21 | €15,579 | €8,179 | -€7,400 | -47.5% |
| Tangible fixed assets | 22/27 | €1,309,912 | €1,854,138 | +€544,226 | +41.5% |
| Land and buildings | 22 | €1,291,407 | €1,841,830 | +€550,423 | +42.6% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €18,505 | €12,308 | -€6,197 | -33.5% |
| Financial fixed assets | 28 | €32,548 | €32,548 | = | 0.0% |
| Current assets | 29/58 | €917,025 | €703,766 | -€213,259 | -23.3% |
| Amounts receivable after more than one year | 29 | €170,504 | €282,717 | +€112,213 | +65.8% |
| Other amounts receivable | 291 | €170,504 | €282,717 | +€112,213 | +65.8% |
| Amounts receivable within one year | 40/41 | €508,909 | €259,291 | -€249,617 | -49.0% |
| Trade receivables | 40 | €48,037 | €57,824 | +€9,787 | +20.4% |
| Other amounts receivable | 41 | €460,872 | €201,468 | -€259,404 | -56.3% |
| Cash at bank and in hand | 54/58 | €230,676 | €154,863 | -€75,813 | -32.9% |
| Deferred charges and accrued income | 490/1 | €6,936 | €6,895 | -€42 | -0.6% |
| Total equity and liabilities | 10/49 | €2,275,065 | €2,598,631 | +€323,567 | +14.2% |
| Equity | 10/15 | €1,562,925 | €1,666,312 | +€103,387 | +6.6% |
| Contributions | 10/11 | €671,791 | €671,791 | = | 0.0% |
| Capital | 10 | €671,791 | €671,791 | = | 0.0% |
| Issued capital | 100 | €671,791 | €671,791 | = | 0.0% |
| Reserves | 13 | €562,519 | €582,486 | +€19,967 | +3.5% |
| Non-distributable reserves | 130/1 | €26,512 | €30,903 | +€4,391 | +16.6% |
| Legal reserve | 130 | €26,512 | €30,903 | +€4,391 | +16.6% |
| Tax-exempt reserves | 132 | €533,292 | €548,868 | +€15,576 | +2.9% |
| Distributable reserves | 133 | €2,715 | €2,715 | = | 0.0% |
| Profit (loss) carried forward | 14 | €328,614 | €412,035 | +€83,421 | +25.4% |
| Provisions and deferred taxes | 16 | €167,357 | €137,217 | -€30,140 | -18.0% |
| Deferred taxes | 168 | €167,357 | €137,217 | -€30,140 | -18.0% |
| Amounts payable | 17/49 | €544,783 | €795,103 | +€250,320 | +45.9% |
| Amounts payable after more than one year | 17 | €377,535 | €339,222 | -€38,314 | -10.1% |
| Financial debts | 170/4 | €377,535 | €339,222 | -€38,314 | -10.1% |
| Amounts payable within one year | 42/48 | €166,867 | €455,511 | +€288,644 | +173.0% |
| Current portion of amounts payable after more than one year | 42 | €37,527 | €38,314 | +€786 | +2.1% |
| Trade debts | 44 | €13,475 | €21,169 | +€7,694 | +57.1% |
| Suppliers | 440/4 | €13,475 | €21,169 | +€7,694 | +57.1% |
| Taxes, remuneration and social security | 45 | €3,745 | €2,936 | -€808 | -21.6% |
| Taxes | 450/3 | €3,745 | €2,436 | -€1,308 | -34.9% |
| Remuneration and social security | 454/9 | €0 | €500 | +€500 | |
| Other amounts payable | 47/48 | €112,121 | €393,092 | +€280,972 | +250.6% |
| Accrued charges and deferred income | 492/3 | €380 | €370 | -€11 | -2.8% |
| Non-recurring operating income | 76A | - | €82,593 | +€82,593 | |
| Remuneration, social security and pensions | 62 | €42,706 | €44,772 | +€2,066 | +4.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €69,728 | €79,430 | +€9,702 | +13.9% |
| Other operating charges | 640/8 | €102,370 | €34,798 | -€67,572 | -66.0% |
| Gross operating margin | 9900 | €121,398 | €198,435 | +€77,037 | +63.5% |
| Operating profit (loss) | 9901 | -€93,407 | €39,436 | +€132,842 | |
| Financial income | 75/76B | €5,691 | €8,062 | +€2,371 | +41.7% |
| Recurring financial income | 75 | €5,691 | €8,062 | +€2,371 | +41.7% |
| Financial charges | 65/66B | €9,978 | €10,531 | +€553 | +5.5% |
| Recurring financial charges | 65 | €9,978 | €10,531 | +€553 | +5.5% |
| Profit (loss) for the period before taxes | 9903 | -€97,693 | €36,967 | +€134,660 | |
| Transfer from deferred taxes | 780 | €1,156 | €30,140 | +€28,984 | +2506.6% |
| Income taxes | 67/77 | -€27,832 | -€36,280 | -€8,448 | -30.4% |
| Profit (loss) for the period | 9904 | -€68,705 | €103,387 | +€172,092 | |
| Transfer from tax-exempt reserves | 789 | €4,625 | €11,651 | +€7,026 | +151.9% |
| Transfer to tax-exempt reserves | 689 | - | €27,227 | +€27,227 | |
| Profit (loss) for the period to be appropriated | 9905 | -€64,080 | €87,811 | +€151,891 |
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 5 October 2026 via checked.be.