SPAW TECH: 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.
What changed
SPAW TECH
NACE 25.530, Machining of metals
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€7,106
2024 · €40,404-€33,298
Equity
€1.4m
2024 · €1.3m+€7,106
Cash
€72,431
2024 · €7,127+€65,305
Balance sheet total
€3.4m
2024 · €3.4m+€24,558
Largest movements
Assets
- Receivables within one year +€111,086
up €111,086 (+11.1%), from €1.0m to €1.1m
of which Trade receivables: +€101,086
- Tangible fixed assets -€106,336
down €106,336 (-12.6%), from €847,159 to €740,823
of which Land and buildings: -€102,080
- Cash +€65,305
up €65,305 (+916.4%), from €7,127 to €72,431
mainly Depreciation (+€161,273) and Stocks and contracts (+€32,125)
Equity and liabilities
No liability line moved by more than 1% of the balance sheet total.
Income statement
- Turnover -€738,242
down €738,242 (-14.1%), from €5.2m to €4.5m
- Goods and materials -€700,693
down €700,693 (-20.8%), from €3.4m to €2.7m
of which Purchases: -€383,629
- Services and other goods -€100,282
down €100,282 (-15.4%), from €652,401 to €552,119
- Staff costs -€54,187
down €54,187 (-4.9%), from €1.1m to €1.1m
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.
Result 2024
€40,404
Turnover
-€738,242
Other operating income
+€2,963
Goods and materials
+€700,693
Services and other goods
+€100,282
Staff costs
+€54,187
Depreciation
+€1,742
Write-downs
-€12,554
Other operating charges
-€983
Other operating items
-€156,546
Financial income
+€0
Financial charges
+€4,764
Taxes
+€10,395
Result 2025
€7,106
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.
From operations
+€111,076
Investment
-€54,937
Financing
+€9,166
Cash 2024
€7,127
From operations (derived)
+€111,076
Net result for the year
+€7,106
Depreciation
+€161,273
Stocks and contracts
+€32,125
Receivables within one year
-€111,086
Deferred charges and accrued income
+€13,372
Trade debts
+€14,238
Tax, wage and social debts
-€5,953
Accrued charges and deferred income
+€2
Investment (derived)
-€54,937
Investment in fixed assets (net)
-€54,937
Financing
+€9,166
Debts after one year
-€1,370
Current portion of long-term debt
+€10,682
Short-term financial debts
-€147
Cash 2025
€72,431
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,423,851 | €3,448,409 | +€24,558 | +0.7% |
| Fixed assets | 21/28 | €847,159 | €740,823 | -€106,336 | -12.6% |
| Tangible fixed assets | 22/27 | €847,159 | €740,823 | -€106,336 | -12.6% |
| Land and buildings | 22 | €634,326 | €532,245 | -€102,080 | -16.1% |
| Plant, machinery and equipment | 23 | €45,216 | €32,019 | -€13,197 | -29.2% |
| Furniture and vehicles | 24 | €518 | €219 | -€299 | -57.7% |
| Leasing and similar rights | 25 | €167,100 | €176,340 | +€9,240 | +5.5% |
| Current assets | 29/58 | €2,576,692 | €2,707,586 | +€130,894 | +5.1% |
| Stocks and contracts in progress | 3 | €1,510,296 | €1,478,171 | -€32,125 | -2.1% |
| Stocks | 30/36 | €1,510,296 | €1,478,171 | -€32,125 | -2.1% |
| Raw materials and consumables | 30/31 | €1,248,434 | €1,282,637 | +€34,203 | +2.7% |
| Work in progress | 32 | €261,862 | €195,534 | -€66,328 | -25.3% |
| Amounts receivable within one year | 40/41 | €1,003,755 | €1,114,841 | +€111,086 | +11.1% |
| Trade receivables | 40 | €1,003,755 | €1,104,841 | +€101,086 | +10.1% |
| Other amounts receivable | 41 | €0 | €10,000 | +€10,000 | |
| Cash at bank and in hand | 54/58 | €7,127 | €72,431 | +€65,305 | +916.4% |
| Deferred charges and accrued income | 490/1 | €55,515 | €42,143 | -€13,372 | -24.1% |
| Total equity and liabilities | 10/49 | €3,423,851 | €3,448,409 | +€24,558 | +0.7% |
| Equity | 10/15 | €1,349,343 | €1,356,449 | +€7,106 | +0.5% |
| Contributions | 10/11 | €400,000 | €400,000 | = | 0.0% |
| Capital | 10 | €400,000 | €400,000 | = | 0.0% |
| Issued capital | 100 | €400,000 | €400,000 | = | 0.0% |
| Reserves | 13 | €949,343 | €956,449 | +€7,106 | +0.7% |
| Non-distributable reserves | 130/1 | €40,000 | €40,000 | = | 0.0% |
| Legal reserve | 130 | €40,000 | €40,000 | = | 0.0% |
| Distributable reserves | 133 | €909,343 | €916,449 | +€7,106 | +0.8% |
| Amounts payable | 17/49 | €2,074,508 | €2,091,960 | +€17,452 | +0.8% |
| Amounts payable after more than one year | 17 | €92,164 | €90,794 | -€1,370 | -1.5% |
| Financial debts | 170/4 | €92,164 | €90,794 | -€1,370 | -1.5% |
| Leasing and similar obligations | 172 | €92,164 | €90,794 | -€1,370 | -1.5% |
| Amounts payable within one year | 42/48 | €1,968,900 | €1,987,720 | +€18,820 | +1.0% |
| Current portion of amounts payable after more than one year | 42 | €120,746 | €131,429 | +€10,682 | +8.8% |
| Financial debts | 43 | €250,147 | €250,000 | -€147 | -0.1% |
| Credit institutions | 430/8 | €250,147 | €250,000 | -€147 | -0.1% |
| Trade debts | 44 | €1,387,964 | €1,402,201 | +€14,238 | +1.0% |
| Suppliers | 440/4 | €1,387,964 | €1,402,201 | +€14,238 | +1.0% |
| Taxes, remuneration and social security | 45 | €210,043 | €204,090 | -€5,953 | -2.8% |
| Taxes | 450/3 | €37,817 | €36,150 | -€1,667 | -4.4% |
| Remuneration and social security | 454/9 | €172,226 | €167,940 | -€4,286 | -2.5% |
| Accrued charges and deferred income | 492/3 | €13,444 | €13,446 | +€2 | 0.0% |
| Operating income | 70/76A | €5,401,571 | €4,509,746 | -€891,825 | -16.5% |
| Turnover | 70 | €5,249,692 | €4,511,450 | -€738,242 | -14.1% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | €89,339 | -€67,207 | -€156,546 | |
| Other operating income | 74 | €62,540 | €65,502 | +€2,963 | +4.7% |
| Operating charges | 60/66A | €5,314,123 | €4,470,754 | -€843,368 | -15.9% |
| Goods for resale, raw materials and consumables | 60 | €3,372,295 | €2,671,602 | -€700,693 | -20.8% |
| Purchases | 600/8 | €3,086,691 | €2,703,062 | -€383,629 | -12.4% |
| Change in stocks: decrease (increase) | 609 | €285,604 | -€31,460 | -€317,064 | |
| Services and other goods | 61 | €652,401 | €552,119 | -€100,282 | -15.4% |
| Remuneration, social security and pensions | 62 | €1,112,115 | €1,057,927 | -€54,187 | -4.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €163,015 | €161,273 | -€1,742 | -1.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€16,175 | -€3,622 | +€12,554 | +77.6% |
| Other operating charges | 640/8 | €30,473 | €31,455 | +€983 | +3.2% |
| Operating profit (loss) | 9901 | €87,448 | €38,992 | -€48,457 | -55.4% |
| Financial income | 75/76B | €0 | €0 | +€0 | +100.0% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +100.0% |
| Other financial income | 752/9 | €0 | €0 | +€0 | +100.0% |
| Financial charges | 65/66B | €26,932 | €22,169 | -€4,764 | -17.7% |
| Recurring financial charges | 65 | €26,932 | €22,169 | -€4,764 | -17.7% |
| Debt charges | 650 | €22,684 | €17,872 | -€4,812 | -21.2% |
| Other financial charges | 652/9 | €4,249 | €4,297 | +€48 | +1.1% |
| Profit (loss) for the period before taxes | 9903 | €60,516 | €16,823 | -€43,693 | -72.2% |
| Income taxes | 67/77 | €20,112 | €9,717 | -€10,395 | -51.7% |
| Taxes | 670/3 | €21,000 | €10,000 | -€11,000 | -52.4% |
| Tax adjustments and reversals of tax provisions | 77 | €888 | €283 | -€605 | -68.1% |
| Profit (loss) for the period | 9904 | €40,404 | €7,106 | -€33,298 | -82.4% |
| Profit (loss) for the period to be appropriated | 9905 | €40,404 | €7,106 | -€33,298 | -82.4% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.