SpineTechnics: 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.
SpineTechnics
Largest movements
- Cash +€42,242
up €42,242 (+160%), from €26,352 to €68,595
mainly Net result for the year (+€64,230) and Depreciation (+€37,186)
- Intangible fixed assets -€37,186
down €37,186 (-48.4%), from €76,878 to €39,692
- Receivables within one year +€19,502
up €19,502 (+616%), from €3,166 to €22,668
of which Trade receivables: +€19,367
- Deferred charges and accrued income -€3,597
down €3,597 (-92.7%), from €3,881 to €284
- Profit (loss) carried forward +€64,230
up €64,230 (+69.8%), from -€92,043 to -€27,812
- Current portion of long-term debt -€38,897
no longer reported in 2025 (was €38,897)
- Trade debts -€12,626
down €12,626 (-16.5%), from €76,421 to €63,795
- Tax, wage and social debts +€8,217
up €8,217 (+99.7%), from €8,241 to €16,458
- Gross operating margin +€106,066
up €106,066, from -€3,581 to €102,485
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 | €134,825 | €155,749 | +€20,924 | +15.5% |
| Fixed assets | 21/28 | €76,878 | €39,692 | -€37,186 | -48.4% |
| Intangible fixed assets | 21 | €76,878 | €39,692 | -€37,186 | -48.4% |
| Current assets | 29/58 | €57,947 | €116,057 | +€58,110 | +100% |
| Stocks and contracts in progress | 3 | €24,548 | €24,511 | -€38 | -0.2% |
| Stocks | 30/36 | €24,548 | €24,511 | -€38 | -0.2% |
| Amounts receivable within one year | 40/41 | €3,166 | €22,668 | +€19,502 | +616% |
| Trade receivables | 40 | €2,682 | €22,048 | +€19,367 | +722% |
| Other amounts receivable | 41 | €484 | €620 | +€136 | +28.0% |
| Cash at bank and in hand | 54/58 | €26,352 | €68,595 | +€42,242 | +160% |
| Deferred charges and accrued income | 490/1 | €3,881 | €284 | -€3,597 | -92.7% |
| Total equity and liabilities | 10/49 | €134,825 | €155,749 | +€20,924 | +15.5% |
| Equity | 10/15 | -€42,043 | €22,188 | +€64,230 | |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€92,043 | -€27,812 | +€64,230 | +69.8% |
| Amounts payable | 17/49 | €176,868 | €133,561 | -€43,306 | -24.5% |
| Amounts payable within one year | 42/48 | €176,868 | €133,561 | -€43,306 | -24.5% |
| Current portion of amounts payable after more than one year | 42 | €38,897 | - | -€38,897 | |
| Trade debts | 44 | €76,421 | €63,795 | -€12,626 | -16.5% |
| Suppliers | 440/4 | €76,421 | €63,795 | -€12,626 | -16.5% |
| Taxes, remuneration and social security | 45 | €8,241 | €16,458 | +€8,217 | +99.7% |
| Taxes | 450/3 | €8,241 | €16,458 | +€8,217 | +99.7% |
| Other amounts payable | 47/48 | €53,308 | €53,308 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,186 | €37,186 | = | 0.0% |
| Other operating charges | 640/8 | €560 | €520 | -€41 | -7.2% |
| Gross operating margin | 9900 | -€3,581 | €102,485 | +€106,066 | |
| Operating profit (loss) | 9901 | -€41,328 | €64,779 | +€106,107 | |
| Financial income | 75/76B | €13 | - | -€13 | |
| Recurring financial income | 75 | €13 | - | -€13 | |
| Financial charges | 65/66B | €1,449 | €549 | -€900 | -62.1% |
| Recurring financial charges | 65 | €1,449 | €549 | -€900 | -62.1% |
| Profit (loss) for the period before taxes | 9903 | -€42,764 | €64,230 | +€106,995 | |
| Profit (loss) for the period | 9904 | -€42,764 | €64,230 | +€106,995 | |
| Profit (loss) for the period to be appropriated | 9905 | -€42,764 | €64,230 | +€106,995 |
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 17 October 2026 via checked.be.