COSPEED: 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.
COSPEED
Largest movements
- Receivables within one year +€10,748
up €10,748 (+37.3%), from €28,829 to €39,577
of which Trade receivables: +€12,868
- Tangible fixed assets -€4,463
down €4,463 (-55.7%), from €8,010 to €3,547
- Cash -€1,977
down €1,977 (-86.1%), from €2,296 to €319
mainly Receivables within one year (-€10,748) and Tax, wage and social debts (-€4,191)
- Tax, wage and social debts -€4,191
down €4,191 (-45.0%), from €9,315 to €5,124
of which Taxes: -€5,103
- Trade debts +€3,053
up €3,053 (+125.5%), from €2,432 to €5,485
- Profit (loss) carried forward +€2,741
up €2,741 (+11.3%), from €24,339 to €27,080
- Other debts +€2,705
up €2,705 (+90.3%), from €2,995 to €5,700
- Gross operating margin -€41,620
down €41,620 (-67.4%), from €61,721 to €20,101
- Staff costs -€29,691
down €29,691 (-71.7%), from €41,388 to €11,697
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 | €42,081 | €46,389 | +€4,308 | +10.2% |
| Fixed assets | 21/28 | €10,956 | €6,493 | -€4,463 | -40.7% |
| Tangible fixed assets | 22/27 | €8,010 | €3,547 | -€4,463 | -55.7% |
| Furniture and vehicles | 24 | €8,010 | €3,547 | -€4,463 | -55.7% |
| Financial fixed assets | 28 | €2,946 | €2,946 | = | 0.0% |
| Current assets | 29/58 | €31,125 | €39,896 | +€8,771 | +28.2% |
| Amounts receivable within one year | 40/41 | €28,829 | €39,577 | +€10,748 | +37.3% |
| Trade receivables | 40 | €15,077 | €27,945 | +€12,868 | +85.3% |
| Other amounts receivable | 41 | €13,752 | €11,632 | -€2,120 | -15.4% |
| Cash at bank and in hand | 54/58 | €2,296 | €319 | -€1,977 | -86.1% |
| Total equity and liabilities | 10/49 | €42,081 | €46,389 | +€4,308 | +10.2% |
| Equity | 10/15 | €27,339 | €30,080 | +€2,741 | +10.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €24,339 | €27,080 | +€2,741 | +11.3% |
| Amounts payable | 17/49 | €14,742 | €16,309 | +€1,567 | +10.6% |
| Amounts payable within one year | 42/48 | €14,742 | €16,309 | +€1,567 | +10.6% |
| Trade debts | 44 | €2,432 | €5,485 | +€3,053 | +125.5% |
| Suppliers | 440/4 | €2,432 | €5,485 | +€3,053 | +125.5% |
| Taxes, remuneration and social security | 45 | €9,315 | €5,124 | -€4,191 | -45.0% |
| Taxes | 450/3 | €7,587 | €2,484 | -€5,103 | -67.3% |
| Remuneration and social security | 454/9 | €1,728 | €2,640 | +€912 | +52.8% |
| Other amounts payable | 47/48 | €2,995 | €5,700 | +€2,705 | +90.3% |
| Remuneration, social security and pensions | 62 | €41,388 | €11,697 | -€29,691 | -71.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,546 | €4,463 | -€83 | -1.8% |
| Other operating charges | 640/8 | €923 | €566 | -€357 | -38.7% |
| Gross operating margin | 9900 | €61,721 | €20,101 | -€41,620 | -67.4% |
| Operating profit (loss) | 9901 | €14,864 | €3,375 | -€11,489 | -77.3% |
| Financial charges | 65/66B | €337 | €634 | +€297 | +88.1% |
| Recurring financial charges | 65 | €337 | €634 | +€297 | +88.1% |
| Profit (loss) for the period before taxes | 9903 | €14,527 | €2,741 | -€11,786 | -81.1% |
| Profit (loss) for the period | 9904 | €14,527 | €2,741 | -€11,786 | -81.1% |
| Profit (loss) for the period to be appropriated | 9905 | €14,527 | €2,741 | -€11,786 | -81.1% |
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 3 October 2026 via checked.be.