SPRINGAEL: 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.
SPRINGAEL
Largest movements
- Receivables within one year +€11,961
up €11,961 (+39.3%), from €30,427 to €42,388
of which Other amounts receivable: +€13,226
- Cash +€5,483
up €5,483 (+32.0%), from €17,120 to €22,603
mainly Net result for the year (+€14,279) and Tax, wage and social debts (+€4,213)
- Tangible fixed assets -€1,898
down €1,898 (-17.9%), from €10,603 to €8,705
of which Other tangible fixed assets: -€961
- Stocks and contracts +€932
up €932 (+35.6%), from €2,621 to €3,553
- Reserves +€14,279
up €14,279 (+73.1%), from €19,529 to €33,809
- Tax, wage and social debts +€4,213
up €4,213 (+99.1%), from €4,251 to €8,463
- Trade debts -€2,008
down €2,008 (-88.2%), from €2,277 to €269
- Taxes +€2,042
up €2,042 (+42.5%), from €4,800 to €6,841
- Financial income -€1,004
down €1,004 (-99.8%), from €1,006 to €2
- Gross operating margin +€455
up €455 (+1.8%), from €24,912 to €25,367
- Financial charges +€421
up €421 (+35.8%), from €1,178 to €1,599
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 | €61,078 | €77,556 | +€16,478 | +27.0% |
| Fixed assets | 21/28 | €10,910 | €9,012 | -€1,898 | -17.4% |
| Tangible fixed assets | 22/27 | €10,603 | €8,705 | -€1,898 | -17.9% |
| Plant, machinery and equipment | 23 | €1,763 | €1,201 | -€563 | -31.9% |
| Furniture and vehicles | 24 | €810 | €436 | -€374 | -46.2% |
| Other tangible fixed assets | 26 | €8,029 | €7,068 | -€961 | -12.0% |
| Financial fixed assets | 28 | €307 | €307 | = | 0.0% |
| Current assets | 29/58 | €50,168 | €68,544 | +€18,376 | +36.6% |
| Stocks and contracts in progress | 3 | €2,621 | €3,553 | +€932 | +35.6% |
| Stocks | 30/36 | €2,621 | €3,553 | +€932 | +35.6% |
| Amounts receivable within one year | 40/41 | €30,427 | €42,388 | +€11,961 | +39.3% |
| Trade receivables | 40 | €1,707 | €442 | -€1,265 | -74.1% |
| Other amounts receivable | 41 | €28,720 | €41,946 | +€13,226 | +46.0% |
| Cash at bank and in hand | 54/58 | €17,120 | €22,603 | +€5,483 | +32.0% |
| Total equity and liabilities | 10/49 | €61,078 | €77,556 | +€16,478 | +27.0% |
| Equity | 10/15 | €53,668 | €67,948 | +€14,279 | +26.6% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €19,529 | €33,809 | +€14,279 | +73.1% |
| Distributable reserves | 133 | €19,529 | €33,809 | +€14,279 | +73.1% |
| Profit (loss) carried forward | 14 | €15,547 | €15,547 | = | 0.0% |
| Amounts payable | 17/49 | €7,409 | €9,609 | +€2,199 | +29.7% |
| Amounts payable within one year | 42/48 | €7,409 | €9,609 | +€2,199 | +29.7% |
| Financial debts | 43 | €882 | €876 | -€5 | -0.6% |
| Credit institutions | 430/8 | €882 | €876 | -€5 | -0.6% |
| Trade debts | 44 | €2,277 | €269 | -€2,008 | -88.2% |
| Suppliers | 440/4 | €2,277 | €269 | -€2,008 | -88.2% |
| Taxes, remuneration and social security | 45 | €4,251 | €8,463 | +€4,213 | +99.1% |
| Taxes | 450/3 | €4,251 | €8,463 | +€4,213 | +99.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,669 | €1,898 | +€229 | +13.7% |
| Other operating charges | 640/8 | €602 | €751 | +€150 | +24.9% |
| Gross operating margin | 9900 | €24,912 | €25,367 | +€455 | +1.8% |
| Operating profit (loss) | 9901 | €22,642 | €22,718 | +€77 | +0.3% |
| Financial income | 75/76B | €1,006 | €2 | -€1,004 | -99.8% |
| Recurring financial income | 75 | €1,006 | €2 | -€1,004 | -99.8% |
| Financial charges | 65/66B | €1,178 | €1,599 | +€421 | +35.8% |
| Recurring financial charges | 65 | €1,178 | €1,599 | +€421 | +35.8% |
| Profit (loss) for the period before taxes | 9903 | €22,470 | €21,121 | -€1,349 | -6.0% |
| Income taxes | 67/77 | €4,800 | €6,841 | +€2,042 | +42.5% |
| Profit (loss) for the period | 9904 | €17,670 | €14,279 | -€3,391 | -19.2% |
| Profit (loss) for the period to be appropriated | 9905 | €17,670 | €14,279 | -€3,391 | -19.2% |
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 12 October 2026 via checked.be.