SPA 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.
SPA Technics
Largest movements
- Cash +€63,223
up €63,223 (+147.0%), from €43,021 to €106,244
mainly Net result for the year (+€45,022) and Tax, wage and social debts (+€10,223)
- Receivables within one year -€10,019
down €10,019 (-52.0%), from €19,272 to €9,253
- Tangible fixed assets -€9,222
down €9,222 (-24.8%), from €37,195 to €27,973
of which Furniture and vehicles: -€35,997
- Deferred charges and accrued income +€3,289
up €3,289 (+991.3%), from €332 to €3,621
- Reserves +€45,022
up €45,022 (+90.7%), from €49,625 to €94,647
- Tax, wage and social debts +€10,223
up €10,223 (+75.4%), from €13,559 to €23,782
of which Taxes: +€10,223
- Debts after one year -€9,656
down €9,656 (-48.8%), from €19,794 to €10,138
- Trade debts +€1,658
up €1,658 (+47.8%), from €3,471 to €5,129
- Gross operating margin +€14,498
up €14,498 (+26.3%), from €55,142 to €69,641
- Taxes +€4,666
up €4,666 (+54.6%), from €8,549 to €13,214
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 | €99,820 | €147,092 | +€47,272 | +47.4% |
| Fixed assets | 21/28 | €37,195 | €27,973 | -€9,222 | -24.8% |
| Tangible fixed assets | 22/27 | €37,195 | €27,973 | -€9,222 | -24.8% |
| Plant, machinery and equipment | 23 | €1,198 | €751 | -€447 | -37.3% |
| Furniture and vehicles | 24 | €35,997 | - | -€35,997 | |
| Leasing and similar rights | 25 | - | €27,223 | +€27,223 | |
| Current assets | 29/58 | €62,625 | €119,119 | +€56,494 | +90.2% |
| Amounts receivable within one year | 40/41 | €19,272 | €9,253 | -€10,019 | -52.0% |
| Trade receivables | 40 | €19,272 | €9,253 | -€10,019 | -52.0% |
| Cash at bank and in hand | 54/58 | €43,021 | €106,244 | +€63,223 | +147.0% |
| Deferred charges and accrued income | 490/1 | €332 | €3,621 | +€3,289 | +991.3% |
| Total equity and liabilities | 10/49 | €99,820 | €147,092 | +€47,272 | +47.4% |
| Equity | 10/15 | €52,625 | €97,647 | +€45,022 | +85.6% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €49,625 | €94,647 | +€45,022 | +90.7% |
| Distributable reserves | 133 | €49,625 | €94,647 | +€45,022 | +90.7% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €47,195 | €49,445 | +€2,251 | +4.8% |
| Amounts payable after more than one year | 17 | €19,794 | €10,138 | -€9,656 | -48.8% |
| Financial debts | 170/4 | €19,794 | €10,138 | -€9,656 | -48.8% |
| Amounts payable within one year | 42/48 | €27,401 | €39,307 | +€11,907 | +43.5% |
| Current portion of amounts payable after more than one year | 42 | €9,193 | €9,655 | +€462 | +5.0% |
| Trade debts | 44 | €3,471 | €5,129 | +€1,658 | +47.8% |
| Suppliers | 440/4 | €3,471 | €5,129 | +€1,658 | +47.8% |
| Taxes, remuneration and social security | 45 | €13,559 | €23,782 | +€10,223 | +75.4% |
| Taxes | 450/3 | €11,934 | €22,157 | +€10,223 | +85.7% |
| Remuneration and social security | 454/9 | €1,625 | €1,625 | = | 0.0% |
| Other amounts payable | 47/48 | €1,178 | €742 | -€436 | -37.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,630 | €9,222 | -€408 | -4.2% |
| Other operating charges | 640/8 | €855 | €745 | -€110 | -12.9% |
| Gross operating margin | 9900 | €55,142 | €69,641 | +€14,498 | +26.3% |
| Operating profit (loss) | 9901 | €44,657 | €59,673 | +€15,017 | +33.6% |
| Financial income | 75/76B | - | €9 | +€9 | |
| Recurring financial income | 75 | - | €9 | +€9 | |
| Financial charges | 65/66B | €1,781 | €1,446 | -€335 | -18.8% |
| Recurring financial charges | 65 | €1,781 | €1,446 | -€335 | -18.8% |
| Profit (loss) for the period before taxes | 9903 | €42,876 | €58,236 | +€15,360 | +35.8% |
| Income taxes | 67/77 | €8,549 | €13,214 | +€4,666 | +54.6% |
| Profit (loss) for the period | 9904 | €34,327 | €45,022 | +€10,694 | +31.2% |
| Profit (loss) for the period to be appropriated | 9905 | €34,327 | €45,022 | +€10,694 | +31.2% |
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 28 September 2026 via checked.be.