ELECTRO SPEED: 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.
ELECTRO SPEED
Largest movements
- Tangible fixed assets +€6,154
up €6,154 (+2276.2%), from €270 to €6,424
- Receivables after one year -€3,800
down €3,800 (-32.9%), from €11,550 to €7,750
- Deferred charges and accrued income -€2,549
down €2,549 (-69.6%), from €3,661 to €1,112
- Receivables within one year +€2,498
up €2,498 (+27.4%), from €9,103 to €11,600
of which Trade receivables: +€1,674
- Cash -€575
down €575 (-26.1%), from €2,200 to €1,625
mainly Investment in fixed assets (net) (-€6,717) and Contributions, distributions and other (-€4,375)
- Trade debts +€3,113
up €3,113 (+175.0%), from €1,779 to €4,893
- Tax, wage and social debts +€2,677
up €2,677 (+167.3%), from €1,600 to €4,277
of which Taxes: +€2,629
- Reserves -€2,368
down €2,368 (-27.5%), from €8,610 to €6,242
- Profit (loss) carried forward -€925
down €925 (-26.6%), from €3,479 to €2,554
- Other debts -€770
down €770 (-15.0%), from €5,145 to €4,375
- Gross operating margin +€9,930
up €9,930, from -€3,473 to €6,457
- Taxes +€1,970
up €1,970 (+298.7%), from €660 to €2,629
- Depreciation +€525
up €525 (+1384.9%), from €38 to €563
- Financial charges -€124
down €124 (-7.6%), from €1,648 to €1,523
- Financial income -€113
down €113 (-70.2%), from €162 to €48
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 | €26,814 | €28,542 | +€1,728 | +6.4% |
| Fixed assets | 21/28 | €300 | €6,454 | +€6,154 | +2048.9% |
| Tangible fixed assets | 22/27 | €270 | €6,424 | +€6,154 | +2276.2% |
| Furniture and vehicles | 24 | €270 | €6,424 | +€6,154 | +2276.2% |
| Financial fixed assets | 28 | €30 | €30 | = | 0.0% |
| Current assets | 29/58 | €26,514 | €22,087 | -€4,426 | -16.7% |
| Amounts receivable after more than one year | 29 | €11,550 | €7,750 | -€3,800 | -32.9% |
| Other amounts receivable | 291 | €11,550 | €7,750 | -€3,800 | -32.9% |
| Amounts receivable within one year | 40/41 | €9,103 | €11,600 | +€2,498 | +27.4% |
| Trade receivables | 40 | €7,326 | €9,000 | +€1,674 | +22.9% |
| Other amounts receivable | 41 | €1,777 | €2,600 | +€823 | +46.3% |
| Cash at bank and in hand | 54/58 | €2,200 | €1,625 | -€575 | -26.1% |
| Deferred charges and accrued income | 490/1 | €3,661 | €1,112 | -€2,549 | -69.6% |
| Total equity and liabilities | 10/49 | €26,814 | €28,542 | +€1,728 | +6.4% |
| Equity | 10/15 | €18,289 | €14,996 | -€3,293 | -18.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €8,610 | €6,242 | -€2,368 | -27.5% |
| Distributable reserves | 133 | €8,610 | €6,242 | -€2,368 | -27.5% |
| Profit (loss) carried forward | 14 | €3,479 | €2,554 | -€925 | -26.6% |
| Amounts payable | 17/49 | €8,524 | €13,546 | +€5,021 | +58.9% |
| Amounts payable within one year | 42/48 | €8,524 | €13,546 | +€5,021 | +58.9% |
| Trade debts | 44 | €1,779 | €4,893 | +€3,113 | +175.0% |
| Suppliers | 440/4 | €1,779 | €4,893 | +€3,113 | +175.0% |
| Taxes, remuneration and social security | 45 | €1,600 | €4,277 | +€2,677 | +167.3% |
| Taxes | 450/3 | €600 | €3,229 | +€2,629 | +438.2% |
| Remuneration and social security | 454/9 | €1,000 | €1,048 | +€48 | +4.8% |
| Other amounts payable | 47/48 | €5,145 | €4,375 | -€770 | -15.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38 | €563 | +€525 | +1384.9% |
| Other operating charges | 640/8 | €704 | €708 | +€3 | +0.5% |
| Gross operating margin | 9900 | -€3,473 | €6,457 | +€9,930 | |
| Operating profit (loss) | 9901 | -€4,215 | €5,187 | +€9,402 | |
| Financial income | 75/76B | €162 | €48 | -€113 | -70.2% |
| Recurring financial income | 75 | €162 | €48 | -€113 | -70.2% |
| Financial charges | 65/66B | €1,648 | €1,523 | -€124 | -7.6% |
| Recurring financial charges | 65 | €1,648 | €1,523 | -€124 | -7.6% |
| Profit (loss) for the period before taxes | 9903 | -€5,701 | €3,712 | +€9,413 | |
| Income taxes | 67/77 | €660 | €2,629 | +€1,970 | +298.7% |
| Profit (loss) for the period | 9904 | -€6,361 | €1,082 | +€7,443 | |
| Profit (loss) for the period to be appropriated | 9905 | -€6,361 | €1,082 | +€7,443 |
Source: filed annual accounts (NBB), financial years ended 30 November 2024 and 30 November 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.