SPEC ELECTRO: 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.
SPEC ELECTRO
Largest movements
- Receivables within one year +€55,542
up €55,542 (+70.4%), from €78,849 to €134,391
of which Other amounts receivable: +€29,696
- Cash -€24,176
down €24,176 (-91.5%), from €26,421 to €2,245
mainly Receivables within one year (-€55,542) and Deferred charges and accrued income (-€2,985)
- Deferred charges and accrued income +€2,985
up €2,985 (+193%), from €1,543 to €4,529
- Profit (loss) carried forward +€20,786
up €20,786 (+31.5%), from €65,991 to €86,778
- Advances received +€10,286
new in 2024: €10,286
- Trade debts +€2,833
up €2,833 (+11.8%), from €24,035 to €26,868
- Gross operating margin -€16,449
down €16,449 (-36.5%), from €45,078 to €28,629
- Financial income +€1,767
up €1,767 (+115%), from €1,543 to €3,310
- Other operating charges -€1,528
down €1,528 (-68.8%), from €2,220 to €692
- Taxes -€861
down €861 (-9.6%), from €9,000 to €8,139
From the 2023 result to the 2024 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.
Derived cash bridge
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €110,496 | €143,561 | +€33,065 | +29.9% |
| Fixed assets | 21/28 | €3,683 | €2,397 | -€1,286 | -34.9% |
| Tangible fixed assets | 22/27 | €3,683 | €2,397 | -€1,286 | -34.9% |
| Furniture and vehicles | 24 | €3,683 | €2,397 | -€1,286 | -34.9% |
| Current assets | 29/58 | €106,813 | €141,164 | +€34,351 | +32.2% |
| Amounts receivable within one year | 40/41 | €78,849 | €134,391 | +€55,542 | +70.4% |
| Trade receivables | 40 | €39,385 | €65,231 | +€25,846 | +65.6% |
| Other amounts receivable | 41 | €39,464 | €69,160 | +€29,696 | +75.2% |
| Cash at bank and in hand | 54/58 | €26,421 | €2,245 | -€24,176 | -91.5% |
| Deferred charges and accrued income | 490/1 | €1,543 | €4,529 | +€2,985 | +193% |
| Total equity and liabilities | 10/49 | €110,496 | €143,561 | +€33,065 | +29.9% |
| Equity | 10/15 | €67,991 | €88,778 | +€20,786 | +30.6% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €65,991 | €86,778 | +€20,786 | +31.5% |
| Amounts payable | 17/49 | €42,505 | €54,784 | +€12,278 | +28.9% |
| Amounts payable within one year | 42/48 | €42,505 | €54,784 | +€12,278 | +28.9% |
| Trade debts | 44 | €24,035 | €26,868 | +€2,833 | +11.8% |
| Suppliers | 440/4 | €24,035 | €26,868 | +€2,833 | +11.8% |
| Advances received on contracts in progress | 46 | - | €10,286 | +€10,286 | |
| Taxes, remuneration and social security | 45 | €18,470 | €17,630 | -€841 | -4.6% |
| Taxes | 450/3 | €18,470 | €17,630 | -€841 | -4.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,286 | €1,286 | -€0 | 0.0% |
| Other operating charges | 640/8 | €2,220 | €692 | -€1,528 | -68.8% |
| Gross operating margin | 9900 | €45,078 | €28,629 | -€16,449 | -36.5% |
| Operating profit (loss) | 9901 | €41,572 | €26,651 | -€14,921 | -35.9% |
| Financial income | 75/76B | €1,543 | €3,310 | +€1,767 | +115% |
| Recurring financial income | 75 | €1,543 | €3,310 | +€1,767 | +115% |
| Financial charges | 65/66B | €677 | €1,036 | +€360 | +53.2% |
| Recurring financial charges | 65 | €677 | €1,036 | +€360 | +53.2% |
| Profit (loss) for the period before taxes | 9903 | €42,438 | €28,925 | -€13,513 | -31.8% |
| Income taxes | 67/77 | €9,000 | €8,139 | -€861 | -9.6% |
| Profit (loss) for the period | 9904 | €33,438 | €20,786 | -€12,652 | -37.8% |
| Profit (loss) for the period to be appropriated | 9905 | €33,438 | €20,786 | -€12,652 | -37.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.