SP.AL-TECH: 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.
SP.AL-TECH
Largest movements
- Receivables within one year +€173,220
up €173,220 (+98.0%), from €176,722 to €349,942
of which Trade receivables: +€141,889
- Cash +€118,403
up €118,403 (+92.5%), from €127,943 to €246,346
mainly Trade debts (+€195,905) and Depreciation (+€79,548)
- Tangible fixed assets -€37,626
down €37,626 (-11.9%), from €317,224 to €279,597
of which Plant, machinery and equipment: -€33,316
- Deferred charges and accrued income +€11,372
up €11,372 (+407.7%), from €2,790 to €14,161
- Trade debts +€195,905
up €195,905 (+157.2%), from €124,613 to €320,518
- Other debts +€67,469
new in 2025: €67,469
- Reserves +€16,460
up €16,460 (+3.5%), from €464,920 to €481,380
- Tax, wage and social debts -€14,611
down €14,611 (-82.4%), from €17,734 to €3,123
of which Remuneration and social security: -€14,557
- Gross operating margin +€31,099
up €31,099 (+21.8%), from €142,626 to €173,725
- Depreciation +€15,247
up €15,247 (+23.7%), from €64,302 to €79,548
- Taxes +€9,065
up €9,065 (+55.1%), from €16,461 to €25,526
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 | €625,978 | €891,347 | +€265,369 | +42.4% |
| Fixed assets | 21/28 | €318,524 | €280,897 | -€37,626 | -11.8% |
| Tangible fixed assets | 22/27 | €317,224 | €279,597 | -€37,626 | -11.9% |
| Plant, machinery and equipment | 23 | €192,749 | €159,433 | -€33,316 | -17.3% |
| Furniture and vehicles | 24 | €5,565 | €13,301 | +€7,736 | +139.0% |
| Other tangible fixed assets | 26 | €118,910 | €106,864 | -€12,046 | -10.1% |
| Financial fixed assets | 28 | €1,300 | €1,300 | = | 0.0% |
| Current assets | 29/58 | €307,455 | €610,450 | +€302,995 | +98.5% |
| Amounts receivable within one year | 40/41 | €176,722 | €349,942 | +€173,220 | +98.0% |
| Trade receivables | 40 | €169,624 | €311,514 | +€141,889 | +83.6% |
| Other amounts receivable | 41 | €7,098 | €38,428 | +€31,330 | +441.4% |
| Cash at bank and in hand | 54/58 | €127,943 | €246,346 | +€118,403 | +92.5% |
| Deferred charges and accrued income | 490/1 | €2,790 | €14,161 | +€11,372 | +407.7% |
| Total equity and liabilities | 10/49 | €625,978 | €891,347 | +€265,369 | +42.4% |
| Equity | 10/15 | €483,520 | €499,980 | +€16,460 | +3.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €464,920 | €481,380 | +€16,460 | +3.5% |
| Distributable reserves | 133 | €464,920 | €481,380 | +€16,460 | +3.5% |
| Amounts payable | 17/49 | €142,459 | €391,367 | +€248,909 | +174.7% |
| Amounts payable within one year | 42/48 | €142,459 | €391,367 | +€248,909 | +174.7% |
| Financial debts | 43 | €112 | €257 | +€145 | +129.3% |
| Credit institutions | 430/8 | €112 | €257 | +€145 | +129.3% |
| Trade debts | 44 | €124,613 | €320,518 | +€195,905 | +157.2% |
| Suppliers | 440/4 | €124,613 | €320,518 | +€195,905 | +157.2% |
| Taxes, remuneration and social security | 45 | €17,734 | €3,123 | -€14,611 | -82.4% |
| Taxes | 450/3 | €3,177 | €3,123 | -€54 | -1.7% |
| Remuneration and social security | 454/9 | €14,557 | - | -€14,557 | |
| Other amounts payable | 47/48 | - | €67,469 | +€67,469 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €64,302 | €79,548 | +€15,247 | +23.7% |
| Other operating charges | 640/8 | €634 | €463 | -€172 | -27.1% |
| Gross operating margin | 9900 | €142,626 | €173,725 | +€31,099 | +21.8% |
| Operating profit (loss) | 9901 | €77,690 | €93,714 | +€16,024 | +20.6% |
| Financial income | 75/76B | €626 | €1,016 | +€390 | +62.3% |
| Recurring financial income | 75 | €626 | €1,016 | +€390 | +62.3% |
| Financial charges | 65/66B | €286 | €324 | +€38 | +13.1% |
| Recurring financial charges | 65 | €286 | €324 | +€38 | +13.1% |
| Profit (loss) for the period before taxes | 9903 | €78,029 | €94,406 | +€16,376 | +21.0% |
| Income taxes | 67/77 | €16,461 | €25,526 | +€9,065 | +55.1% |
| Profit (loss) for the period | 9904 | €61,568 | €68,880 | +€7,312 | +11.9% |
| Profit (loss) for the period to be appropriated | 9905 | €61,568 | €68,880 | +€7,312 | +11.9% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.