SPRAY TEC: 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.
SPRAY TEC
Largest movements
- Receivables within one year +€161,393
up €161,393 (+46.6%), from €346,603 to €507,996
of which Trade receivables: +€159,071
- Tangible fixed assets -€24,990
down €24,990 (-7.7%), from €326,250 to €301,260
of which Land and buildings: -€15,075
- Trade debts +€70,693
up €70,693 (+43.9%), from €161,123 to €231,816
- Tax, wage and social debts +€30,430
up €30,430 (+153.4%), from €19,841 to €50,271
of which Remuneration and social security: +€15,353
- Debts after one year +€21,128
up €21,128 (+10.1%), from €208,588 to €229,717
- Profit (loss) carried forward +€20,281
up €20,281 (+8.7%), from €234,224 to €254,505
- Staff costs -€21,005
down €21,005 (-15.4%), from €136,357 to €115,352
- Taxes +€9,471
up €9,471 (+839.4%), from €1,128 to €10,600
- Gross operating margin +€9,228
up €9,228 (+5.5%), from €168,302 to €177,530
- Other operating charges -€5,181
down €5,181 (-84.4%), from €6,136 to €955
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €703,901 | €844,115 | +€140,213 | +19.9% |
| Fixed assets | 21/28 | €326,250 | €301,260 | -€24,990 | -7.7% |
| Tangible fixed assets | 22/27 | €326,250 | €301,260 | -€24,990 | -7.7% |
| Land and buildings | 22 | €302,655 | €287,580 | -€15,075 | -5.0% |
| Plant, machinery and equipment | 23 | €2,746 | €590 | -€2,156 | -78.5% |
| Furniture and vehicles | 24 | €20,848 | €13,090 | -€7,758 | -37.2% |
| Current assets | 29/58 | €377,652 | €542,855 | +€165,203 | +43.7% |
| Amounts receivable within one year | 40/41 | €346,603 | €507,996 | +€161,393 | +46.6% |
| Trade receivables | 40 | €283,796 | €442,867 | +€159,071 | +56.1% |
| Other amounts receivable | 41 | €62,808 | €65,129 | +€2,322 | +3.7% |
| Cash at bank and in hand | 54/58 | €30,709 | €34,835 | +€4,126 | +13.4% |
| Deferred charges and accrued income | 490/1 | €339 | €24 | -€316 | -93.0% |
| Total equity and liabilities | 10/49 | €703,901 | €844,115 | +€140,213 | +19.9% |
| Equity | 10/15 | €284,834 | €303,440 | +€18,606 | +6.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €234,224 | €254,505 | +€20,281 | +8.7% |
| Investment grants | 15 | €30,150 | €28,475 | -€1,675 | -5.6% |
| Amounts payable | 17/49 | €419,067 | €540,675 | +€121,607 | +29.0% |
| Amounts payable after more than one year | 17 | €208,588 | €229,717 | +€21,128 | +10.1% |
| Financial debts | 170/4 | €208,588 | €229,717 | +€21,128 | +10.1% |
| Amounts payable within one year | 42/48 | €210,479 | €310,958 | +€100,479 | +47.7% |
| Current portion of amounts payable after more than one year | 42 | €28,445 | €28,872 | +€427 | +1.5% |
| Trade debts | 44 | €161,123 | €231,816 | +€70,693 | +43.9% |
| Suppliers | 440/4 | €161,123 | €231,816 | +€70,693 | +43.9% |
| Taxes, remuneration and social security | 45 | €19,841 | €50,271 | +€30,430 | +153.4% |
| Taxes | 450/3 | €2,195 | €17,271 | +€15,077 | +687.0% |
| Remuneration and social security | 454/9 | €17,647 | €32,999 | +€15,353 | +87.0% |
| Other amounts payable | 47/48 | €1,071 | - | -€1,071 | |
| Non-recurring operating income | 76A | €917 | €342 | -€576 | -62.7% |
| Remuneration, social security and pensions | 62 | €136,357 | €115,352 | -€21,005 | -15.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,815 | €24,990 | -€825 | -3.2% |
| Other operating charges | 640/8 | €6,136 | €955 | -€5,181 | -84.4% |
| Non-recurring operating charges | 66A | €6,100 | €775 | -€5,325 | -87.3% |
| Gross operating margin | 9900 | €168,302 | €177,530 | +€9,228 | +5.5% |
| Operating profit (loss) | 9901 | -€6,106 | €35,458 | +€41,564 | |
| Financial income | 75/76B | €1,755 | €3,381 | +€1,626 | +92.6% |
| Recurring financial income | 75 | €1,755 | €3,381 | +€1,626 | +92.6% |
| Financial charges | 65/66B | €6,314 | €7,958 | +€1,644 | +26.0% |
| Recurring financial charges | 65 | €6,314 | €7,639 | +€1,325 | +21.0% |
| Non-recurring financial charges | 66B | - | €320 | +€320 | |
| Profit (loss) for the period before taxes | 9903 | -€10,665 | €30,881 | +€41,546 | |
| Income taxes | 67/77 | €1,128 | €10,600 | +€9,471 | +839.4% |
| Profit (loss) for the period | 9904 | -€11,794 | €20,281 | +€32,075 | |
| Profit (loss) for the period to be appropriated | 9905 | -€11,794 | €20,281 | +€32,075 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.