If the block has any unbalanced forces acting on it, it will move. SInce it is hanging and not moving it has no net force, it will have a downward force of
f=ma this force will exactly equal the upward spring force of kd (k = spring constant d = stretch of spring).
One is a downward force (say 'negative') the other is an upward force (say 'positive') but the MAGNITUDES are equal and they balance/cancel each other...so there is no net force acting on the block (net force = 0)
Addition: 55.8 newtons downward and 55.8 newtons upwards are the forces acting on the block. NET force = 0