SPROTECH: 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.
SPROTECH
Largest movements
- Financial fixed assets -€2.7m
down €2.7m (-61.4%), from €4.3m to €1.7m
- Cash +€121,721
up €121,721 (+376.0%), from €32,369 to €154,089
mainly Investment in fixed assets (net) (+€2.7m) and Depreciation (+€104,911)
- Tangible fixed assets -€104,911
down €104,911 (-7.7%), from €1.4m to €1.3m
- Reserves -€2.5m
down €2.5m (-98.2%), from €2.5m to €45,750
of which Distributable reserves: -€2.5m
- Profit (loss) carried forward -€219,912
new in 2025: -€219,912
- Debts after one year +€83,291
up €83,291 (+3.5%), from €2.3m to €2.4m
- Financial charges +€2.6m
up €2.6m (+2783.0%), from €95,126 to €2.7m
of which Non-recurring financial charges: +€2.7m
- Financial income -€2.0m
down €2.0m (-99.7%), from €2.0m to €5,886
- Other operating charges -€15,070
down €15,070 (-19.3%), from €78,258 to €63,188
- Gross operating margin -€14,103
down €14,103 (-7.0%), from €200,114 to €186,011
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 | €6,024,646 | €3,364,217 | -€2.7m | -44.2% |
| Fixed assets | 21/28 | €5,717,515 | €2,942,175 | -€2.8m | -48.5% |
| Tangible fixed assets | 22/27 | €1,369,895 | €1,264,984 | -€104,911 | -7.7% |
| Land and buildings | 22 | €1,369,895 | €1,264,984 | -€104,911 | -7.7% |
| Financial fixed assets | 28 | €4,347,620 | €1,677,191 | -€2.7m | -61.4% |
| Current assets | 29/58 | €307,130 | €422,042 | +€114,912 | +37.4% |
| Amounts receivable after more than one year | 29 | €70,000 | €70,000 | = | 0.0% |
| Other amounts receivable | 291 | €70,000 | €70,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €198,187 | €192,067 | -€6,120 | -3.1% |
| Other amounts receivable | 41 | €198,187 | €192,067 | -€6,120 | -3.1% |
| Cash at bank and in hand | 54/58 | €32,369 | €154,089 | +€121,721 | +376.0% |
| Deferred charges and accrued income | 490/1 | €6,575 | €5,886 | -€689 | -10.5% |
| Total equity and liabilities | 10/49 | €6,024,646 | €3,364,217 | -€2.7m | -44.2% |
| Equity | 10/15 | €3,002,580 | €283,338 | -€2.7m | -90.6% |
| Contributions | 10/11 | €457,500 | €457,500 | = | 0.0% |
| Capital | 10 | €457,500 | €457,500 | = | 0.0% |
| Issued capital | 100 | €457,500 | €457,500 | = | 0.0% |
| Reserves | 13 | €2,545,080 | €45,750 | -€2.5m | -98.2% |
| Non-distributable reserves | 130/1 | €45,750 | €45,750 | = | 0.0% |
| Legal reserve | 130 | €45,750 | €45,750 | = | 0.0% |
| Distributable reserves | 133 | €2,499,330 | - | -€2.5m | |
| Profit (loss) carried forward | 14 | - | -€219,912 | -€219,912 | |
| Amounts payable | 17/49 | €3,022,065 | €3,080,880 | +€58,814 | +1.9% |
| Amounts payable after more than one year | 17 | €2,347,620 | €2,430,911 | +€83,291 | +3.5% |
| Financial debts | 170/4 | €2,347,620 | €2,430,911 | +€83,291 | +3.5% |
| Amounts payable within one year | 42/48 | €666,250 | €649,968 | -€16,282 | -2.4% |
| Trade debts | 44 | €18,335 | €31,968 | +€13,633 | +74.4% |
| Suppliers | 440/4 | €18,335 | €31,968 | +€13,633 | +74.4% |
| Other amounts payable | 47/48 | €647,916 | €618,000 | -€29,916 | -4.6% |
| Accrued charges and deferred income | 492/3 | €8,195 | - | -€8,195 | |
| Remuneration, social security and pensions | 62 | €1,762 | €552 | -€1,210 | -68.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €105,770 | €104,911 | -€859 | -0.8% |
| Other operating charges | 640/8 | €78,258 | €63,188 | -€15,070 | -19.3% |
| Non-recurring operating charges | 66A | €666 | - | -€666 | |
| Gross operating margin | 9900 | €200,114 | €186,011 | -€14,103 | -7.0% |
| Operating profit (loss) | 9901 | €13,657 | €17,359 | +€3,702 | +27.1% |
| Financial income | 75/76B | €2,043,977 | €5,886 | -€2.0m | -99.7% |
| Recurring financial income | 75 | €2,043,977 | €5,886 | -€2.0m | -99.7% |
| Financial charges | 65/66B | €95,126 | €2,742,488 | +€2.6m | +2783.0% |
| Recurring financial charges | 65 | €95,126 | €72,059 | -€23,067 | -24.2% |
| Non-recurring financial charges | 66B | - | €2,670,429 | +€2.7m | |
| Profit (loss) for the period before taxes | 9903 | €1,962,508 | -€2,719,242 | -€4.7m | |
| Profit (loss) for the period | 9904 | €1,962,508 | -€2,719,242 | -€4.7m | |
| Profit (loss) for the period to be appropriated | 9905 | €1,962,508 | -€2,719,242 | -€4.7m |
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.