SPECTROTECH: 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.
SPECTROTECH
Largest movements
- Receivables within one year -€35,707
down €35,707 (-36.2%), from €98,539 to €62,832
of which Trade receivables: -€35,707
- Tangible fixed assets -€21,703
down €21,703 (-45.4%), from €47,790 to €26,086
of which Furniture and vehicles: -€25,953
- Cash -€21,251
down €21,251 (-50.0%), from €42,485 to €21,234
mainly Advances received (-€57,526) and Trade debts (-€30,276)
- Deferred charges and accrued income +€2,645
up €2,645 (+176%), from €1,507 to €4,152
- Advances received -€57,526
no longer reported in 2025 (was €57,526)
- Trade debts -€30,276
down €30,276 (-92.5%), from €32,714 to €2,438
- Profit (loss) carried forward +€9,039
up €9,039, from -€9,039 to €0
- Reserves +€6,764
up €6,764 (+11.6%), from €58,087 to €64,850
of which Distributable reserves: +€6,764
- Other debts -€3,515
down €3,515 (-10.5%), from €33,506 to €29,991
- Gross operating margin +€51,849
up €51,849, from -€1,127 to €50,722
- Taxes +€6,504
new in 2025: €6,504
- Other operating charges -€1,005
down €1,005 (-72.5%), from €1,386 to €381
- Depreciation +€639
up €639 (+11.1%), from €5,751 to €6,390
- Financial charges +€566
up €566 (+72.6%), from €779 to €1,344
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 | €190,501 | €114,484 | -€76,017 | -39.9% |
| Fixed assets | 21/28 | €47,875 | €26,171 | -€21,703 | -45.3% |
| Tangible fixed assets | 22/27 | €47,790 | €26,086 | -€21,703 | -45.4% |
| Plant, machinery and equipment | 23 | - | €4,250 | +€4,250 | |
| Furniture and vehicles | 24 | €47,790 | €21,836 | -€25,953 | -54.3% |
| Financial fixed assets | 28 | €85 | €85 | = | 0.0% |
| Current assets | 29/58 | €142,626 | €88,313 | -€54,313 | -38.1% |
| Amounts receivable within one year | 40/41 | €98,539 | €62,832 | -€35,707 | -36.2% |
| Trade receivables | 40 | €95,896 | €60,189 | -€35,707 | -37.2% |
| Other amounts receivable | 41 | €2,643 | €2,643 | = | 0.0% |
| Current investments | 50/53 | €94 | €94 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €42,485 | €21,234 | -€21,251 | -50.0% |
| Deferred charges and accrued income | 490/1 | €1,507 | €4,152 | +€2,645 | +176% |
| Total equity and liabilities | 10/49 | €190,501 | €114,484 | -€76,017 | -39.9% |
| Equity | 10/15 | €55,245 | €71,048 | +€15,802 | +28.6% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €58,087 | €64,850 | +€6,764 | +11.6% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €56,227 | €62,991 | +€6,764 | +12.0% |
| Profit (loss) carried forward | 14 | -€9,039 | €0 | +€9,039 | |
| Amounts payable | 17/49 | €135,255 | €43,436 | -€91,819 | -67.9% |
| Amounts payable within one year | 42/48 | €135,255 | €43,436 | -€91,819 | -67.9% |
| Trade debts | 44 | €32,714 | €2,438 | -€30,276 | -92.5% |
| Suppliers | 440/4 | €32,714 | €2,438 | -€30,276 | -92.5% |
| Advances received on contracts in progress | 46 | €57,526 | - | -€57,526 | |
| Taxes, remuneration and social security | 45 | €11,509 | €11,008 | -€501 | -4.4% |
| Taxes | 450/3 | €11,509 | €11,008 | -€501 | -4.4% |
| Other amounts payable | 47/48 | €33,506 | €29,991 | -€3,515 | -10.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,751 | €6,390 | +€639 | +11.1% |
| Other operating charges | 640/8 | €1,386 | €381 | -€1,005 | -72.5% |
| Non-recurring operating charges | 66A | - | €20,313 | +€20,313 | |
| Gross operating margin | 9900 | -€1,127 | €50,722 | +€51,849 | |
| Operating profit (loss) | 9901 | -€8,264 | €23,638 | +€31,902 | |
| Financial income | 75/76B | €4 | €13 | +€9 | +217% |
| Recurring financial income | 75 | €4 | €13 | +€9 | +217% |
| Financial charges | 65/66B | €779 | €1,344 | +€566 | +72.6% |
| Recurring financial charges | 65 | €779 | €1,344 | +€566 | +72.6% |
| Profit (loss) for the period before taxes | 9903 | -€9,039 | €22,306 | +€31,345 | |
| Income taxes | 67/77 | - | €6,504 | +€6,504 | |
| Profit (loss) for the period | 9904 | -€9,039 | €15,802 | +€24,841 | |
| Profit (loss) for the period to be appropriated | 9905 | -€9,039 | €15,802 | +€24,841 |
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 20 October 2026 via checked.be.