Van Springel Technics: 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.
Van Springel Technics
Largest movements
- Receivables within one year -€37,915
down €37,915 (-29.8%), from €127,070 to €89,155
of which Trade receivables: -€38,374
- Stocks and contracts -€19,897
down €19,897 (-22.1%), from €90,084 to €70,187
of which Contracts in progress: -€11,000
- Cash -€12,379
down €12,379 (-66.8%), from €18,541 to €6,162
mainly Trade debts (-€72,535) and Investment in fixed assets (net) (-€7,571)
- Tangible fixed assets +€3,208
up €3,208 (+11.1%), from €28,882 to €32,090
of which Furniture and vehicles: +€3,595
- Trade debts -€72,535
down €72,535 (-57.0%), from €127,219 to €54,684
- Other debts +€8,785
up €8,785 (+55.9%), from €15,705 to €24,490
- Write-downs -€22,974
down €22,974 (-86.9%), from €26,448 to €3,473
- Gross operating margin -€21,657
down €21,657 (-66.8%), from €32,401 to €10,744
- Depreciation +€417
up €417 (+10.6%), from €3,946 to €4,364
- Financial charges +€328
up €328 (+32.5%), from €1,008 to €1,335
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 | €265,339 | €199,381 | -€65,959 | -24.9% |
| Fixed assets | 21/28 | €29,296 | €32,503 | +€3,208 | +10.9% |
| Tangible fixed assets | 22/27 | €28,882 | €32,090 | +€3,208 | +11.1% |
| Land and buildings | 22 | €24,740 | €24,512 | -€227 | -0.9% |
| Plant, machinery and equipment | 23 | €501 | €341 | -€160 | -31.9% |
| Furniture and vehicles | 24 | €3,642 | €7,237 | +€3,595 | +98.7% |
| Financial fixed assets | 28 | €414 | €414 | = | 0.0% |
| Current assets | 29/58 | €236,044 | €166,877 | -€69,167 | -29.3% |
| Stocks and contracts in progress | 3 | €90,084 | €70,187 | -€19,897 | -22.1% |
| Stocks | 30/36 | €10,084 | €1,187 | -€8,897 | -88.2% |
| Contracts in progress | 37 | €80,000 | €69,000 | -€11,000 | -13.8% |
| Amounts receivable within one year | 40/41 | €127,070 | €89,155 | -€37,915 | -29.8% |
| Trade receivables | 40 | €123,498 | €85,125 | -€38,374 | -31.1% |
| Other amounts receivable | 41 | €3,572 | €4,031 | +€459 | +12.8% |
| Cash at bank and in hand | 54/58 | €18,541 | €6,162 | -€12,379 | -66.8% |
| Deferred charges and accrued income | 490/1 | €349 | €1,373 | +€1,024 | +293.8% |
| Total equity and liabilities | 10/49 | €265,339 | €199,381 | -€65,959 | -24.9% |
| Equity | 10/15 | €116,656 | €117,561 | +€905 | +0.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €24,794 | €25,699 | +€905 | +3.6% |
| Non-distributable reserves | 130/1 | €2,520 | €2,520 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,520 | €2,520 | = | 0.0% |
| Distributable reserves | 133 | €22,274 | €23,179 | +€905 | +4.1% |
| Profit (loss) carried forward | 14 | €79,461 | €79,461 | = | 0.0% |
| Amounts payable | 17/49 | €148,684 | €81,820 | -€66,864 | -45.0% |
| Amounts payable within one year | 42/48 | €148,684 | €81,529 | -€67,155 | -45.2% |
| Financial debts | 43 | €3,036 | €704 | -€2,332 | -76.8% |
| Credit institutions | 430/8 | €3,036 | €704 | -€2,332 | -76.8% |
| Trade debts | 44 | €127,219 | €54,684 | -€72,535 | -57.0% |
| Suppliers | 440/4 | €127,219 | €54,684 | -€72,535 | -57.0% |
| Advances received on contracts in progress | 46 | - | €233 | +€233 | |
| Taxes, remuneration and social security | 45 | €2,724 | €1,418 | -€1,306 | -47.9% |
| Taxes | 450/3 | €2,104 | €1,418 | -€686 | -32.6% |
| Remuneration and social security | 454/9 | €620 | €0 | -€620 | -100.0% |
| Other amounts payable | 47/48 | €15,705 | €24,490 | +€8,785 | +55.9% |
| Accrued charges and deferred income | 492/3 | - | €291 | +€291 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,946 | €4,364 | +€417 | +10.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €26,448 | €3,473 | -€22,974 | -86.9% |
| Other operating charges | 640/8 | €740 | €619 | -€121 | -16.3% |
| Gross operating margin | 9900 | €32,401 | €10,744 | -€21,657 | -66.8% |
| Operating profit (loss) | 9901 | €1,266 | €2,288 | +€1,021 | +80.6% |
| Financial income | 75/76B | €409 | €601 | +€192 | +47.0% |
| Recurring financial income | 75 | €409 | €556 | +€147 | +35.9% |
| Non-recurring financial income | 76B | - | €45 | +€45 | |
| Financial charges | 65/66B | €1,008 | €1,335 | +€328 | +32.5% |
| Recurring financial charges | 65 | €1,008 | €1,335 | +€328 | +32.5% |
| Profit (loss) for the period before taxes | 9903 | €667 | €1,553 | +€886 | +132.7% |
| Income taxes | 67/77 | €457 | €648 | +€192 | +41.9% |
| Profit (loss) for the period | 9904 | €211 | €905 | +€694 | +329.6% |
| Profit (loss) for the period to be appropriated | 9905 | €211 | €905 | +€694 | +329.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.