SPM Technologies: 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.
SPM Technologies
Largest movements
- Tangible fixed assets +€320,086
up €320,086 (+32.4%), from €987,432 to €1.3m
of which Plant, machinery and equipment: +€321,985
- Receivables within one year +€88,385
up €88,385 (+72.4%), from €122,032 to €210,417
of which Trade receivables: +€87,103
- Stocks and contracts +€61,080
up €61,080 (+42.0%), from €145,511 to €206,591
- Debts after one year +€197,263
up €197,263 (+30.6%), from €645,624 to €842,888
of which Financial debts: +€435,504
- Profit (loss) carried forward +€115,122
up €115,122 (+130%), from €88,718 to €203,839
- Trade debts +€65,960
up €65,960 (+209%), from €31,506 to €97,466
- Current portion of long-term debt +€49,509
up €49,509 (+52.5%), from €94,319 to €143,828
- Tax, wage and social debts +€27,772
up €27,772 (+50.1%), from €55,381 to €83,153
of which Remuneration and social security: +€14,410
- Gross operating margin +€196,457
up €196,457 (+46.5%), from €422,055 to €618,512
- Staff costs +€76,825
up €76,825 (+49.0%), from €156,635 to €233,460
- Depreciation +€38,702
up €38,702 (+28.2%), from €137,114 to €175,817
- Financial charges +€19,624
up €19,624 (+86.6%), from €22,652 to €42,275
- Taxes +€15,154
up €15,154 (+54.2%), from €27,953 to €43,108
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 | €1,275,582 | €1,740,283 | +€464,701 | +36.4% |
| Fixed assets | 21/28 | €993,520 | €1,313,606 | +€320,086 | +32.2% |
| Intangible fixed assets | 21 | €0 | €0 | -€0 | -100% |
| Tangible fixed assets | 22/27 | €987,432 | €1,307,518 | +€320,086 | +32.4% |
| Land and buildings | 22 | €6,909 | €6,210 | -€699 | -10.1% |
| Plant, machinery and equipment | 23 | €962,061 | €1,284,046 | +€321,985 | +33.5% |
| Furniture and vehicles | 24 | €18,462 | €17,262 | -€1,200 | -6.5% |
| Financial fixed assets | 28 | €6,088 | €6,088 | = | 0.0% |
| Current assets | 29/58 | €282,063 | €426,677 | +€144,615 | +51.3% |
| Stocks and contracts in progress | 3 | €145,511 | €206,591 | +€61,080 | +42.0% |
| Stocks | 30/36 | €145,511 | €206,591 | +€61,080 | +42.0% |
| Amounts receivable within one year | 40/41 | €122,032 | €210,417 | +€88,385 | +72.4% |
| Trade receivables | 40 | €119,728 | €206,831 | +€87,103 | +72.8% |
| Other amounts receivable | 41 | €2,305 | €3,587 | +€1,282 | +55.6% |
| Cash at bank and in hand | 54/58 | €9,927 | €4,305 | -€5,622 | -56.6% |
| Deferred charges and accrued income | 490/1 | €4,593 | €5,365 | +€772 | +16.8% |
| Total equity and liabilities | 10/49 | €1,275,582 | €1,740,283 | +€464,701 | +36.4% |
| Equity | 10/15 | €433,387 | €554,564 | +€121,176 | +28.0% |
| Contributions | 10/11 | €340,000 | €340,000 | = | 0.0% |
| Capital | 10 | €340,000 | €340,000 | = | 0.0% |
| Issued capital | 100 | €340,000 | €340,000 | = | 0.0% |
| Reserves | 13 | €4,669 | €10,724 | +€6,055 | +130% |
| Non-distributable reserves | 130/1 | €4,669 | €10,724 | +€6,055 | +130% |
| Legal reserve | 130 | €4,669 | €10,724 | +€6,055 | +130% |
| Profit (loss) carried forward | 14 | €88,718 | €203,839 | +€115,122 | +130% |
| Amounts payable | 17/49 | €842,195 | €1,185,720 | +€343,525 | +40.8% |
| Amounts payable after more than one year | 17 | €645,624 | €842,888 | +€197,263 | +30.6% |
| Financial debts | 170/4 | €407,383 | €842,888 | +€435,504 | +107% |
| Other amounts payable | 178/9 | €238,241 | €0 | -€238,241 | -100% |
| Amounts payable within one year | 42/48 | €181,206 | €326,639 | +€145,433 | +80.3% |
| Current portion of amounts payable after more than one year | 42 | €94,319 | €143,828 | +€49,509 | +52.5% |
| Financial debts | 43 | - | €1,856 | +€1,856 | |
| Credit institutions | 430/8 | - | €1,856 | +€1,856 | |
| Trade debts | 44 | €31,506 | €97,466 | +€65,960 | +209% |
| Suppliers | 440/4 | €31,506 | €97,466 | +€65,960 | +209% |
| Taxes, remuneration and social security | 45 | €55,381 | €83,153 | +€27,772 | +50.1% |
| Taxes | 450/3 | €40,599 | €53,961 | +€13,362 | +32.9% |
| Remuneration and social security | 454/9 | €14,781 | €29,192 | +€14,410 | +97.5% |
| Other amounts payable | 47/48 | - | €337 | +€337 | |
| Accrued charges and deferred income | 492/3 | €15,365 | €16,193 | +€828 | +5.4% |
| Remuneration, social security and pensions | 62 | €156,635 | €233,460 | +€76,825 | +49.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €137,114 | €175,817 | +€38,702 | +28.2% |
| Other operating charges | 640/8 | €692 | €2,430 | +€1,738 | +251% |
| Non-recurring operating charges | 66A | - | €2,263 | +€2,263 | |
| Gross operating margin | 9900 | €422,055 | €618,512 | +€196,457 | +46.5% |
| Operating profit (loss) | 9901 | €127,614 | €204,543 | +€76,929 | +60.3% |
| Financial income | 75/76B | €144 | €2,017 | +€1,873 | +1,301% |
| Recurring financial income | 75 | €144 | €2,017 | +€1,873 | +1,301% |
| Financial charges | 65/66B | €22,652 | €42,275 | +€19,624 | +86.6% |
| Recurring financial charges | 65 | €22,652 | €42,275 | +€19,624 | +86.6% |
| Profit (loss) for the period before taxes | 9903 | €105,106 | €164,284 | +€59,178 | +56.3% |
| Income taxes | 67/77 | €27,953 | €43,108 | +€15,154 | +54.2% |
| Profit (loss) for the period | 9904 | €77,153 | €121,176 | +€44,023 | +57.1% |
| Profit (loss) for the period to be appropriated | 9905 | €77,153 | €121,176 | +€44,023 | +57.1% |
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 28 October 2026 via checked.be.