SPECTRA SECURITY: 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.
SPECTRA SECURITY
Largest movements
- Stocks and contracts -€48,500
down €48,500 (-68.3%), from €70,975 to €22,475
- Tangible fixed assets -€19,609
down €19,609 (-11.0%), from €178,099 to €158,490
of which Furniture and vehicles: -€10,342
- Cash +€16,157
up €16,157 (+8.9%), from €181,777 to €197,934
mainly Net result for the year (+€314,474) and Stocks and contracts (+€48,500)
- Other debts -€30,129
down €30,129 (-9.1%), from €330,129 to €300,000
- Trade debts -€26,373
down €26,373 (-62.6%), from €42,107 to €15,734
- Reserves +€14,474
up €14,474 (+13.9%), from €104,023 to €118,497
- Debts after one year -€10,682
down €10,682 (-15.7%), from €68,110 to €57,428
- Current portion of long-term debt -€9,942
down €9,942 (-48.2%), from €20,624 to €10,682
- Gross operating margin +€190,281
up €190,281 (+61.1%), from €311,544 to €501,824
- Taxes +€40,680
up €40,680 (+67.6%), from €60,173 to €100,853
- Staff costs +€25,761
up €25,761 (+121.6%), from €21,189 to €46,950
- Other operating charges +€5,654
up €5,654 (+233.8%), from €2,418 to €8,072
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 | €595,540 | €538,412 | -€57,129 | -9.6% |
| Fixed assets | 21/28 | €182,352 | €160,636 | -€21,715 | -11.9% |
| Intangible fixed assets | 21 | €4,213 | €2,106 | -€2,106 | -50.0% |
| Tangible fixed assets | 22/27 | €178,099 | €158,490 | -€19,609 | -11.0% |
| Land and buildings | 22 | €99,160 | €90,693 | -€8,467 | -8.5% |
| Plant, machinery and equipment | 23 | €2,923 | €2,124 | -€800 | -27.4% |
| Furniture and vehicles | 24 | €76,015 | €65,673 | -€10,342 | -13.6% |
| Financial fixed assets | 28 | €40 | €40 | = | 0.0% |
| Current assets | 29/58 | €413,189 | €377,776 | -€35,413 | -8.6% |
| Stocks and contracts in progress | 3 | €70,975 | €22,475 | -€48,500 | -68.3% |
| Stocks | 30/36 | €70,975 | €22,475 | -€48,500 | -68.3% |
| Amounts receivable within one year | 40/41 | €156,190 | €154,478 | -€1,712 | -1.1% |
| Trade receivables | 40 | €90,186 | €143,514 | +€53,328 | +59.1% |
| Other amounts receivable | 41 | €66,004 | €10,964 | -€55,041 | -83.4% |
| Cash at bank and in hand | 54/58 | €181,777 | €197,934 | +€16,157 | +8.9% |
| Deferred charges and accrued income | 490/1 | €4,246 | €2,889 | -€1,357 | -32.0% |
| Total equity and liabilities | 10/49 | €595,540 | €538,412 | -€57,129 | -9.6% |
| Equity | 10/15 | €122,573 | €137,047 | +€14,474 | +11.8% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €104,023 | €118,497 | +€14,474 | +13.9% |
| Distributable reserves | 133 | €104,023 | €118,497 | +€14,474 | +13.9% |
| Amounts payable | 17/49 | €472,967 | €401,365 | -€71,602 | -15.1% |
| Amounts payable after more than one year | 17 | €68,110 | €57,428 | -€10,682 | -15.7% |
| Financial debts | 170/4 | €68,110 | €57,428 | -€10,682 | -15.7% |
| Amounts payable within one year | 42/48 | €396,845 | €332,247 | -€64,598 | -16.3% |
| Current portion of amounts payable after more than one year | 42 | €20,624 | €10,682 | -€9,942 | -48.2% |
| Trade debts | 44 | €42,107 | €15,734 | -€26,373 | -62.6% |
| Suppliers | 440/4 | €42,107 | €15,734 | -€26,373 | -62.6% |
| Taxes, remuneration and social security | 45 | €3,985 | €5,831 | +€1,846 | +46.3% |
| Taxes | 450/3 | €1,608 | €1,144 | -€464 | -28.9% |
| Remuneration and social security | 454/9 | €2,377 | €4,687 | +€2,310 | +97.2% |
| Other amounts payable | 47/48 | €330,129 | €300,000 | -€30,129 | -9.1% |
| Accrued charges and deferred income | 492/3 | €8,012 | €11,689 | +€3,678 | +45.9% |
| Remuneration, social security and pensions | 62 | €21,189 | €46,950 | +€25,761 | +121.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,819 | €29,764 | +€2,946 | +11.0% |
| Other operating charges | 640/8 | €2,418 | €8,072 | +€5,654 | +233.8% |
| Gross operating margin | 9900 | €311,544 | €501,824 | +€190,281 | +61.1% |
| Operating profit (loss) | 9901 | €261,118 | €417,038 | +€155,920 | +59.7% |
| Financial income | 75/76B | €1,167 | €828 | -€339 | -29.1% |
| Recurring financial income | 75 | €1,167 | €828 | -€339 | -29.1% |
| Financial charges | 65/66B | €6,903 | €2,539 | -€4,363 | -63.2% |
| Recurring financial charges | 65 | €6,903 | €2,539 | -€4,363 | -63.2% |
| Profit (loss) for the period before taxes | 9903 | €255,382 | €415,327 | +€159,944 | +62.6% |
| Income taxes | 67/77 | €60,173 | €100,853 | +€40,680 | +67.6% |
| Profit (loss) for the period | 9904 | €195,210 | €314,474 | +€119,264 | +61.1% |
| Profit (loss) for the period to be appropriated | 9905 | €195,210 | €314,474 | +€119,264 | +61.1% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.