SPECTALUX: 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.
SPECTALUX
Largest movements
- Receivables within one year +€31,008
up €31,008 (+199%), from €15,557 to €46,565
- Intangible fixed assets +€4,040
new in 2025: €4,040
- Cash -€2,410
down €2,410 (-2.3%), from €103,884 to €101,474
mainly Receivables within one year (-€31,008) and Investment in fixed assets (net) (-€22,125)
- Accrued charges and deferred income +€25,127
new in 2025: €25,127
- Profit (loss) carried forward +€15,307
up €15,307 (+16.4%), from €93,491 to €108,798
- Debts after one year -€13,297
down €13,297 (-33.2%), from €40,076 to €26,780
- Tax, wage and social debts +€9,052
up €9,052 (+27.9%), from €32,501 to €41,553
of which Taxes: +€9,052
- Trade debts -€4,258
down €4,258 (-21.6%), from €19,688 to €15,430
- Gross operating margin -€81,518
down €81,518 (-66.8%), from €122,057 to €40,539
- Taxes -€19,250
down €19,250 (-81.4%), from €23,650 to €4,400
- Depreciation +€14,333
up €14,333 (+341%), from €4,199 to €18,532
- Financial charges +€1,380
up €1,380 (+194%), from €713 to €2,093
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.
Derived cash bridge
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 | €202,414 | €235,197 | +€32,783 | +16.2% |
| Fixed assets | 21/28 | €81,461 | €85,054 | +€3,593 | +4.4% |
| Intangible fixed assets | 21 | - | €4,040 | +€4,040 | |
| Tangible fixed assets | 22/27 | €81,461 | €81,014 | -€447 | -0.5% |
| Plant, machinery and equipment | 23 | €20,539 | €18,388 | -€2,151 | -10.5% |
| Furniture and vehicles | 24 | €60,921 | €62,625 | +€1,704 | +2.8% |
| Current assets | 29/58 | €120,954 | €150,144 | +€29,190 | +24.1% |
| Amounts receivable within one year | 40/41 | €15,557 | €46,565 | +€31,008 | +199% |
| Trade receivables | 40 | €15,557 | €46,565 | +€31,008 | +199% |
| Cash at bank and in hand | 54/58 | €103,884 | €101,474 | -€2,410 | -2.3% |
| Deferred charges and accrued income | 490/1 | €1,513 | €2,104 | +€592 | +39.1% |
| Total equity and liabilities | 10/49 | €202,414 | €235,197 | +€32,783 | +16.2% |
| Equity | 10/15 | €95,991 | €111,298 | +€15,307 | +15.9% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €93,491 | €108,798 | +€15,307 | +16.4% |
| Amounts payable | 17/49 | €106,423 | €123,900 | +€17,476 | +16.4% |
| Amounts payable after more than one year | 17 | €40,076 | €26,780 | -€13,297 | -33.2% |
| Financial debts | 170/4 | €40,076 | €26,780 | -€13,297 | -33.2% |
| Amounts payable within one year | 42/48 | €66,347 | €71,993 | +€5,646 | +8.5% |
| Current portion of amounts payable after more than one year | 42 | €12,758 | €13,297 | +€538 | +4.2% |
| Trade debts | 44 | €19,688 | €15,430 | -€4,258 | -21.6% |
| Suppliers | 440/4 | €19,688 | €15,430 | -€4,258 | -21.6% |
| Taxes, remuneration and social security | 45 | €32,501 | €41,553 | +€9,052 | +27.9% |
| Taxes | 450/3 | €28,506 | €37,558 | +€9,052 | +31.8% |
| Remuneration and social security | 454/9 | €3,995 | €3,995 | = | 0.0% |
| Other amounts payable | 47/48 | €1,400 | €1,713 | +€313 | +22.4% |
| Accrued charges and deferred income | 492/3 | - | €25,127 | +€25,127 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,199 | €18,532 | +€14,333 | +341% |
| Other operating charges | 640/8 | €4 | €208 | +€204 | +5,361% |
| Gross operating margin | 9900 | €122,057 | €40,539 | -€81,518 | -66.8% |
| Operating profit (loss) | 9901 | €117,854 | €21,800 | -€96,054 | -81.5% |
| Financial charges | 65/66B | €713 | €2,093 | +€1,380 | +194% |
| Recurring financial charges | 65 | €713 | €2,093 | +€1,380 | +194% |
| Profit (loss) for the period before taxes | 9903 | €117,141 | €19,707 | -€97,434 | -83.2% |
| Income taxes | 67/77 | €23,650 | €4,400 | -€19,250 | -81.4% |
| Profit (loss) for the period | 9904 | €93,491 | €15,307 | -€78,184 | -83.6% |
| Profit (loss) for the period to be appropriated | 9905 | €93,491 | €15,307 | -€78,184 | -83.6% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.