Spiromatic: 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.
What changed
Spiromatic
NACE 28.250, Manufacture of machinery and equipment not elsewhere classified
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€1.1m
2024 · €513,396+€571,453
Equity
€6.2m
2024 · €5.2m+€1.0m
Cash
€2.4m
2024 · €2.2m+€267,276
Balance sheet total
€20.9m
2024 · €21.4m-€551,949
Largest movements
Assets
- Current investments -€475,000
down €475,000 (-48.7%), from €975,000 to €500,000
- Cash +€267,276
up €267,276 (+12.4%), from €2.2m to €2.4m
mainly Net result for the year (+€1.1m) and Depreciation (+€753,701)
- Stocks and contracts -€254,271
down €254,271 (-2.9%), from €8.7m to €8.4m
of which Contracts in progress: -€495,480
- Receivables within one year -€234,609
down €234,609 (-3.6%), from €6.4m to €6.2m
of which Other amounts receivable: -€230,991
Equity and liabilities
- Advances received -€2.9m
down €2.9m (-29.8%), from €9.9m to €6.9m
- Reserves +€1.0m
up €1.0m (+22.7%), from €4.5m to €5.5m
of which Distributable reserves: +€1.0m
- Current portion of long-term debt +€491,698
up €491,698 (+77.7%), from €632,661 to €1.1m
- Accrued charges and deferred income +€412,732
up €412,732 (+115%), from €357,879 to €770,610
- Tax, wage and social debts +€279,752
up €279,752 (+19.9%), from €1.4m to €1.7m
of which Remuneration and social security: +€141,902
Income statement
- Turnover +€23.7m
up €23.7m (+95.2%), from €24.9m to €48.6m
- Staff costs +€907,032
up €907,032 (+11.2%), from €8.1m to €9.0m
- Services and other goods +€691,221
up €691,221 (+8.9%), from €7.7m to €8.4m
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.
Result 2024
€513,396
Turnover
+€23.7m
Other operating income
+€128,933
Goods and materials
-€45,757
Services and other goods
-€691,221
Staff costs
-€907,032
Depreciation
+€3,931
Write-downs
-€21,652
Provisions
-€62,500
Other operating charges
+€28,829
Other operating items
-€21.3m
Financial income
+€239,665
Financial charges
-€241,606
Taxes
-€305,756
Result 2025
€1.1m
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€399,603
Investment
-€353,882
Financing
+€221,555
Cash 2024
€2.2m
From operations (derived)
+€399,603
Net result for the year
+€1.1m
Depreciation
+€753,701
Receivables after one year
-€58,410
Stocks and contracts
+€254,271
Receivables within one year
+€234,609
Deferred charges and accrued income
-€11,064
Provisions
+€158,997
Trade debts
+€225,506
Tax, wage and social debts
+€279,752
Advances received
-€2.9m
Other debts
+€10,220
Accrued charges and deferred income
+€412,732
Investment (derived)
-€353,882
Investment in fixed assets (net)
-€828,882
Current investments
+€475,000
Financing
+€221,555
Debts after one year
-€235,435
Current portion of long-term debt
+€491,698
Short-term financial debts
+€40,788
Contributions, distributions and other
-€75,495
Cash 2025
€2.4m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €21,417,793 | €20,865,844 | -€551,949 | -2.6% |
| Formation expenses | 20 | €24,901 | €18,544 | -€6,358 | -25.5% |
| Fixed assets | 21/28 | €2,128,786 | €2,210,325 | +€81,539 | +3.8% |
| Intangible fixed assets | 21 | €416,530 | €431,316 | +€14,785 | +3.5% |
| Tangible fixed assets | 22/27 | €1,706,610 | €1,773,063 | +€66,454 | +3.9% |
| Land and buildings | 22 | €802,568 | €813,702 | +€11,134 | +1.4% |
| Plant, machinery and equipment | 23 | €188,558 | €323,509 | +€134,951 | +71.6% |
| Furniture and vehicles | 24 | €699,800 | €616,952 | -€82,848 | -11.8% |
| Other tangible fixed assets | 26 | €15,683 | €18,900 | +€3,217 | +20.5% |
| Financial fixed assets | 28 | €5,646 | €5,946 | +€300 | +5.3% |
| Affiliated companies | 280/1 | €4,912 | €4,912 | = | 0.0% |
| Participating interests | 280 | €4,912 | €4,912 | = | 0.0% |
| Other financial fixed assets | 284/8 | €734 | €1,034 | +€300 | +40.9% |
| Amounts receivable and cash guarantees | 285/8 | €734 | €1,034 | +€300 | +40.9% |
| Current assets | 29/58 | €19,264,106 | €18,636,975 | -€627,131 | -3.3% |
| Amounts receivable after more than one year | 29 | €306,058 | €364,467 | +€58,410 | +19.1% |
| Other amounts receivable | 291 | €306,058 | €364,467 | +€58,410 | +19.1% |
| Stocks and contracts in progress | 3 | €8,681,504 | €8,427,233 | -€254,271 | -2.9% |
| Stocks | 30/36 | €7,073,981 | €7,315,190 | +€241,209 | +3.4% |
| Raw materials and consumables | 30/31 | €7,073,981 | €7,315,190 | +€241,209 | +3.4% |
| Contracts in progress | 37 | €1,607,523 | €1,112,043 | -€495,480 | -30.8% |
| Amounts receivable within one year | 40/41 | €6,442,608 | €6,207,998 | -€234,609 | -3.6% |
| Trade receivables | 40 | €5,618,922 | €5,615,303 | -€3,619 | -0.1% |
| Other amounts receivable | 41 | €823,686 | €592,695 | -€230,991 | -28.0% |
| Current investments | 50/53 | €975,000 | €500,000 | -€475,000 | -48.7% |
| Other investments | 51/53 | €975,000 | €500,000 | -€475,000 | -48.7% |
| Cash at bank and in hand | 54/58 | €2,159,299 | €2,426,575 | +€267,276 | +12.4% |
| Deferred charges and accrued income | 490/1 | €699,638 | €710,702 | +€11,064 | +1.6% |
| Total equity and liabilities | 10/49 | €21,417,793 | €20,865,844 | -€551,949 | -2.6% |
| Equity | 10/15 | €5,198,117 | €6,207,471 | +€1.0m | +19.4% |
| Contributions | 10/11 | €742,247 | €742,247 | = | 0.0% |
| Capital | 10 | €742,247 | €742,247 | = | 0.0% |
| Issued capital | 100 | €742,247 | €742,247 | = | 0.0% |
| Reserves | 13 | €4,455,870 | €5,465,224 | +€1.0m | +22.7% |
| Non-distributable reserves | 130/1 | €74,225 | €74,225 | = | 0.0% |
| Legal reserve | 130 | €74,225 | €74,225 | = | 0.0% |
| Tax-exempt reserves | 132 | €34,957 | €34,957 | = | 0.0% |
| Distributable reserves | 133 | €4,346,688 | €5,356,042 | +€1.0m | +23.2% |
| Provisions and deferred taxes | 16 | - | €158,997 | +€158,997 | |
| Provisions for liabilities and charges | 160/5 | - | €158,997 | +€158,997 | |
| Other liabilities and charges | 164/5 | - | €158,997 | +€158,997 | |
| Amounts payable | 17/49 | €16,219,676 | €14,499,377 | -€1.7m | -10.6% |
| Amounts payable after more than one year | 17 | €785,138 | €549,702 | -€235,435 | -30.0% |
| Financial debts | 170/4 | €785,138 | €549,702 | -€235,435 | -30.0% |
| Credit institutions | 173 | €785,138 | €549,702 | -€235,435 | -30.0% |
| Amounts payable within one year | 42/48 | €15,076,660 | €13,179,064 | -€1.9m | -12.6% |
| Current portion of amounts payable after more than one year | 42 | €632,661 | €1,124,359 | +€491,698 | +77.7% |
| Financial debts | 43 | - | €40,788 | +€40,788 | |
| Credit institutions | 430/8 | - | €40,788 | +€40,788 | |
| Trade debts | 44 | €3,061,373 | €3,286,879 | +€225,506 | +7.4% |
| Suppliers | 440/4 | €3,061,373 | €3,286,879 | +€225,506 | +7.4% |
| Advances received on contracts in progress | 46 | €9,888,806 | €6,943,246 | -€2.9m | -29.8% |
| Taxes, remuneration and social security | 45 | €1,407,854 | €1,687,606 | +€279,752 | +19.9% |
| Taxes | 450/3 | €316,826 | €454,676 | +€137,850 | +43.5% |
| Remuneration and social security | 454/9 | €1,091,028 | €1,232,930 | +€141,902 | +13.0% |
| Other amounts payable | 47/48 | €85,966 | €96,186 | +€10,220 | +11.9% |
| Accrued charges and deferred income | 492/3 | €357,879 | €770,610 | +€412,732 | +115% |
| Operating income | 70/76A | €43,735,657 | €46,426,125 | +€2.7m | +6.2% |
| Turnover | 70 | €24,897,761 | €48,600,677 | +€23.7m | +95.2% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | €17,768,383 | -€3,412,696 | -€21.2m | |
| Own construction capitalised | 72 | €189,341 | €229,044 | +€39,703 | +21.0% |
| Other operating income | 74 | €879,262 | €1,008,195 | +€128,933 | +14.7% |
| Non-recurring operating income | 76A | €909 | €905 | -€4 | -0.5% |
| Operating charges | 60/66A | €43,056,429 | €44,867,747 | +€1.8m | +4.2% |
| Goods for resale, raw materials and consumables | 60 | €26,453,610 | €26,499,367 | +€45,757 | +0.2% |
| Purchases | 600/8 | €27,835,675 | €26,740,576 | -€1.1m | -3.9% |
| Change in stocks: decrease (increase) | 609 | -€1,382,065 | -€241,209 | +€1.1m | +82.5% |
| Services and other goods | 61 | €7,723,365 | €8,414,586 | +€691,221 | +8.9% |
| Remuneration, social security and pensions | 62 | €8,088,232 | €8,995,264 | +€907,032 | +11.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €757,631 | €753,701 | -€3,931 | -0.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€21,957 | -€305 | +€21,652 | +98.6% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €62,500 | +€62,500 | |
| Other operating charges | 640/8 | €55,547 | €26,717 | -€28,829 | -51.9% |
| Operating charges capitalised as restructuring costs | 649 | €0 | - | = | |
| Non-recurring operating charges | 66A | €0 | €115,917 | +€115,917 | |
| Operating profit (loss) | 9901 | €679,228 | €1,558,378 | +€879,150 | +129% |
| Financial income | 75/76B | €135,630 | €375,295 | +€239,665 | +177% |
| Recurring financial income | 75 | €135,630 | €375,295 | +€239,665 | +177% |
| Income from current assets | 751 | €79,621 | €43,695 | -€35,926 | -45.1% |
| Other financial income | 752/9 | €56,009 | €331,600 | +€275,591 | +492% |
| Financial charges | 65/66B | €152,759 | €394,365 | +€241,606 | +158% |
| Recurring financial charges | 65 | €152,759 | €394,365 | +€241,606 | +158% |
| Debt charges | 650 | €93,199 | €84,384 | -€8,815 | -9.5% |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals) | 651 | €0 | - | = | |
| Other financial charges | 652/9 | €59,561 | €309,981 | +€250,421 | +420% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | €662,099 | €1,539,308 | +€877,209 | +132% |
| Income taxes | 67/77 | €148,702 | €454,459 | +€305,756 | +206% |
| Taxes | 670/3 | €148,702 | €454,459 | +€305,756 | +206% |
| Profit (loss) for the period | 9904 | €513,396 | €1,084,849 | +€571,453 | +111% |
| Profit (loss) for the period to be appropriated | 9905 | €513,396 | €1,084,849 | +€571,453 | +111% |
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.