S.P.J. ELECTRONICS: 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.
S.P.J. ELECTRONICS
Largest movements
- Cash -€26,028
down €26,028 (-53.6%), from €48,584 to €22,556
mainly Investment in fixed assets (net) (-€29,995) and Tax, wage and social debts (-€2,819)
- Tangible fixed assets +€25,508
new in 2025: €25,508
- Receivables within one year +€2,560
up €2,560 (+10.1%), from €25,459 to €28,020
of which Trade receivables: +€1,447
- Deferred charges and accrued income -€1,279
no longer reported in 2025 (was €1,279)
- Reserves +€4,200
up €4,200 (+7.4%), from €57,129 to €61,329
- Tax, wage and social debts -€2,819
down €2,819 (-94.8%), from €2,975 to €156
- Trade debts -€1,242
down €1,242 (-63.2%), from €1,965 to €723
- Gross operating margin +€9,009
up €9,009 (+478.4%), from €1,883 to €10,892
- Depreciation +€4,487
new in 2025: €4,487
- Taxes +€709
up €709 (+158.6%), from €447 to €1,156
- Other operating charges -€132
down €132 (-12.3%), from €1,076 to €944
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 | €75,322 | €76,084 | +€761 | +1.0% |
| Fixed assets | 21/28 | - | €25,508 | +€25,508 | |
| Tangible fixed assets | 22/27 | - | €25,508 | +€25,508 | |
| Furniture and vehicles | 24 | - | €25,508 | +€25,508 | |
| Current assets | 29/58 | €75,322 | €50,576 | -€24,747 | -32.9% |
| Amounts receivable within one year | 40/41 | €25,459 | €28,020 | +€2,560 | +10.1% |
| Trade receivables | 40 | €24,057 | €25,504 | +€1,447 | +6.0% |
| Other amounts receivable | 41 | €1,402 | €2,516 | +€1,114 | +79.4% |
| Cash at bank and in hand | 54/58 | €48,584 | €22,556 | -€26,028 | -53.6% |
| Deferred charges and accrued income | 490/1 | €1,279 | - | -€1,279 | |
| Total equity and liabilities | 10/49 | €75,322 | €76,084 | +€761 | +1.0% |
| Equity | 10/15 | €70,281 | €74,532 | +€4,251 | +6.0% |
| Contributions | 10/11 | €6,247 | €6,247 | = | 0.0% |
| Reserves | 13 | €57,129 | €61,329 | +€4,200 | +7.4% |
| Distributable reserves | 133 | €57,129 | €61,329 | +€4,200 | +7.4% |
| Profit (loss) carried forward | 14 | €6,905 | €6,956 | +€51 | +0.7% |
| Amounts payable | 17/49 | €5,041 | €1,552 | -€3,489 | -69.2% |
| Amounts payable within one year | 42/48 | €5,041 | €1,552 | -€3,489 | -69.2% |
| Trade debts | 44 | €1,965 | €723 | -€1,242 | -63.2% |
| Suppliers | 440/4 | €1,965 | €723 | -€1,242 | -63.2% |
| Taxes, remuneration and social security | 45 | €2,975 | €156 | -€2,819 | -94.8% |
| Taxes | 450/3 | €2,975 | €156 | -€2,819 | -94.8% |
| Other amounts payable | 47/48 | €101 | €673 | +€572 | +565.8% |
| Non-recurring operating income | 76A | - | €10,800 | +€10,800 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €4,487 | +€4,487 | |
| Other operating charges | 640/8 | €1,076 | €944 | -€132 | -12.3% |
| Gross operating margin | 9900 | €1,883 | €10,892 | +€9,009 | +478.4% |
| Operating profit (loss) | 9901 | €807 | €5,461 | +€4,654 | +576.7% |
| Financial income | 75/76B | - | €9 | +€9 | |
| Recurring financial income | 75 | - | €9 | +€9 | |
| Financial charges | 65/66B | €40 | €64 | +€24 | +60.8% |
| Recurring financial charges | 65 | €40 | €64 | +€24 | +60.8% |
| Profit (loss) for the period before taxes | 9903 | €767 | €5,407 | +€4,639 | +604.6% |
| Income taxes | 67/77 | €447 | €1,156 | +€709 | +158.6% |
| Profit (loss) for the period | 9904 | €320 | €4,251 | +€3,930 | +1226.8% |
| Profit (loss) for the period to be appropriated | 9905 | €320 | €4,251 | +€3,930 | +1226.8% |
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 4 October 2026 via checked.be.