SPEQTRA: 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.
SPEQTRA
Largest movements
- Cash +€30,149
up €30,149 (+315.9%), from €9,544 to €39,693
mainly Debts after one year (+€36,662) and Depreciation (+€31,521)
- Receivables within one year -€25,492
down €25,492 (-66.4%), from €38,379 to €12,887
of which Trade receivables: -€18,005
- Tangible fixed assets -€18,960
down €18,960 (-3.4%), from €556,536 to €537,576
of which Land and buildings: -€19,057
- Receivables after one year -€13,152
down €13,152 (-20.0%), from €65,846 to €52,694
- Reserves -€90,421
down €90,421 (-60.7%), from €148,881 to €58,459
- Debts after one year +€36,662
up €36,662 (+8.2%), from €444,392 to €481,053
- Current portion of long-term debt +€26,065
up €26,065 (+89.2%), from €29,225 to €55,289
- Depreciation +€10,218
up €10,218 (+48.0%), from €21,303 to €31,521
- Gross operating margin -€9,896
down €9,896 (-6.6%), from €149,070 to €139,174
- Other operating charges -€7,252
down €7,252 (-82.8%), from €8,756 to €1,504
- Taxes +€7,241
up €7,241 (+86.4%), from €8,379 to €15,620
- Financial charges +€5,751
up €5,751 (+63.3%), from €9,088 to €14,839
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 | €670,305 | €642,850 | -€27,456 | -4.1% |
| Fixed assets | 21/28 | €556,536 | €537,576 | -€18,960 | -3.4% |
| Tangible fixed assets | 22/27 | €556,536 | €537,576 | -€18,960 | -3.4% |
| Land and buildings | 22 | €548,403 | €529,347 | -€19,057 | -3.5% |
| Plant, machinery and equipment | 23 | €2,832 | €3,546 | +€714 | +25.2% |
| Furniture and vehicles | 24 | €5,301 | €4,684 | -€617 | -11.6% |
| Current assets | 29/58 | €113,769 | €105,274 | -€8,495 | -7.5% |
| Amounts receivable after more than one year | 29 | €65,846 | €52,694 | -€13,152 | -20.0% |
| Trade receivables | 290 | €65,846 | €52,694 | -€13,152 | -20.0% |
| Amounts receivable within one year | 40/41 | €38,379 | €12,887 | -€25,492 | -66.4% |
| Trade receivables | 40 | €30,891 | €12,887 | -€18,005 | -58.3% |
| Other amounts receivable | 41 | €7,488 | €1 | -€7,487 | -100.0% |
| Cash at bank and in hand | 54/58 | €9,544 | €39,693 | +€30,149 | +315.9% |
| Total equity and liabilities | 10/49 | €670,305 | €642,850 | -€27,456 | -4.1% |
| Equity | 10/15 | €167,481 | €77,059 | -€90,421 | -54.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €148,881 | €58,459 | -€90,421 | -60.7% |
| Distributable reserves | 133 | €148,881 | €58,459 | -€90,421 | -60.7% |
| Amounts payable | 17/49 | €502,825 | €565,790 | +€62,966 | +12.5% |
| Amounts payable after more than one year | 17 | €444,392 | €481,053 | +€36,662 | +8.2% |
| Financial debts | 170/4 | €444,392 | €481,053 | +€36,662 | +8.2% |
| Amounts payable within one year | 42/48 | €58,433 | €84,737 | +€26,304 | +45.0% |
| Current portion of amounts payable after more than one year | 42 | €29,225 | €55,289 | +€26,065 | +89.2% |
| Trade debts | 44 | €3,823 | €1,005 | -€2,818 | -73.7% |
| Suppliers | 440/4 | €3,823 | €1,005 | -€2,818 | -73.7% |
| Taxes, remuneration and social security | 45 | €25,385 | €24,871 | -€514 | -2.0% |
| Taxes | 450/3 | €16,706 | €15,710 | -€995 | -6.0% |
| Remuneration and social security | 454/9 | €8,679 | €9,160 | +€481 | +5.5% |
| Other amounts payable | 47/48 | - | €3,572 | +€3,572 | |
| Remuneration, social security and pensions | 62 | €63,221 | €67,636 | +€4,415 | +7.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,303 | €31,521 | +€10,218 | +48.0% |
| Other operating charges | 640/8 | €8,756 | €1,504 | -€7,252 | -82.8% |
| Gross operating margin | 9900 | €149,070 | €139,174 | -€9,896 | -6.6% |
| Operating profit (loss) | 9901 | €55,791 | €38,513 | -€17,278 | -31.0% |
| Financial income | 75/76B | €3,370 | - | -€3,370 | |
| Recurring financial income | 75 | €3,370 | - | -€3,370 | |
| Financial charges | 65/66B | €9,088 | €14,839 | +€5,751 | +63.3% |
| Recurring financial charges | 65 | €9,088 | €14,839 | +€5,751 | +63.3% |
| Profit (loss) for the period before taxes | 9903 | €50,073 | €23,674 | -€26,399 | -52.7% |
| Income taxes | 67/77 | €8,379 | €15,620 | +€7,241 | +86.4% |
| Profit (loss) for the period | 9904 | €41,694 | €8,054 | -€33,640 | -80.7% |
| Profit (loss) for the period to be appropriated | 9905 | €41,694 | €8,054 | -€33,640 | -80.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.