FULL SPEED MANAGEMENT: what changed
What changed
FULL SPEED MANAGEMENT
NACE 73.300, Public relations and communication consultancy
filed annual accounts (NBB)
Net result for the year
€137,797
2024 · €116,730+€21,067
Equity
€1.3m
2024 · €1.3m-€72,703
Cash
€105,025
2024 · €93,013+€12,012
Balance sheet total
€1.7m
2024 · €1.8m-€116,241
Largest movements
Assets
- Current investments -€443,019
down €443,019 (-50.1%), from €884,782 to €441,763
- Receivables within one year +€289,709
up €289,709 (+94.3%), from €307,370 to €597,079
of which Other amounts receivable: +€268,889
- Deferred charges and accrued income +€52,050
up €52,050 (+1,092%), from €4,768 to €56,818
- Tangible fixed assets -€26,992
down €26,992 (-5.5%), from €489,067 to €462,075
of which Land and buildings: -€17,696
Equity and liabilities
- Reserves -€72,703
down €72,703 (-6.9%), from €1.1m to €986,408
- Debts after one year -€60,000
down €60,000 (-16.7%), from €360,000 to €300,000
Income statement
- Financial income +€44,290
up €44,290 (+175%), from €25,365 to €69,655
- Gross operating margin -€14,722
down €14,722 (-7.3%), from €202,107 to €187,385
- Taxes +€11,754
up €11,754 (+22.5%), from €52,136 to €63,890
- Financial charges -€3,566
down €3,566 (-33.6%), from €10,614 to €7,048
- Other operating charges +€3,162
up €3,162 (+57.0%), from €5,549 to €8,711
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€116,730
Gross operating margin
-€14,722
Staff costs
-€305
Depreciation
+€3,154
Other operating charges
-€3,162
Financial income
+€44,290
Financial charges
+€3,566
Taxes
-€11,754
Result 2025
€137,797
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€160,507
Investment
+€443,019
Financing
-€270,500
Cash 2024
€93,013
From operations (derived)
-€160,507
Net result for the year
+€137,797
Depreciation
+€26,992
Receivables within one year
-€289,709
Deferred charges and accrued income
-€52,050
Trade debts
+€1,169
Tax, wage and social debts
+€15,293
Investment (derived)
+€443,019
Current investments
+€443,019
Financing
-€270,500
Debts after one year
-€60,000
Contributions, distributions and other
-€210,500
Cash 2025
€105,025
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,804,831 | €1,688,590 | -€116,241 | -6.4% |
| Fixed assets | 21/28 | €514,897 | €487,905 | -€26,992 | -5.2% |
| Tangible fixed assets | 22/27 | €489,067 | €462,075 | -€26,992 | -5.5% |
| Land and buildings | 22 | €467,982 | €450,285 | -€17,696 | -3.8% |
| Furniture and vehicles | 24 | €8,234 | €4,795 | -€3,439 | -41.8% |
| Other tangible fixed assets | 26 | €12,851 | €6,995 | -€5,856 | -45.6% |
| Financial fixed assets | 28 | €25,830 | €25,830 | = | 0.0% |
| Current assets | 29/58 | €1,289,934 | €1,200,685 | -€89,249 | -6.9% |
| Amounts receivable within one year | 40/41 | €307,370 | €597,079 | +€289,709 | +94.3% |
| Trade receivables | 40 | - | €20,820 | +€20,820 | |
| Other amounts receivable | 41 | €307,370 | €576,259 | +€268,889 | +87.5% |
| Current investments | 50/53 | €884,782 | €441,763 | -€443,019 | -50.1% |
| Cash at bank and in hand | 54/58 | €93,013 | €105,025 | +€12,012 | +12.9% |
| Deferred charges and accrued income | 490/1 | €4,768 | €56,818 | +€52,050 | +1,092% |
| Total equity and liabilities | 10/49 | €1,804,831 | €1,688,590 | -€116,241 | -6.4% |
| Equity | 10/15 | €1,340,499 | €1,267,796 | -€72,703 | -5.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,059,111 | €986,408 | -€72,703 | -6.9% |
| Distributable reserves | 133 | €1,059,111 | €986,408 | -€72,703 | -6.9% |
| Profit (loss) carried forward | 14 | €268,988 | €268,988 | = | 0.0% |
| Amounts payable | 17/49 | €464,332 | €420,794 | -€43,538 | -9.4% |
| Amounts payable after more than one year | 17 | €360,000 | €300,000 | -€60,000 | -16.7% |
| Financial debts | 170/4 | €360,000 | €300,000 | -€60,000 | -16.7% |
| Amounts payable within one year | 42/48 | €104,332 | €120,794 | +€16,462 | +15.8% |
| Current portion of amounts payable after more than one year | 42 | €60,000 | €60,000 | = | 0.0% |
| Trade debts | 44 | €5,809 | €6,978 | +€1,169 | +20.1% |
| Suppliers | 440/4 | €5,809 | €6,978 | +€1,169 | +20.1% |
| Taxes, remuneration and social security | 45 | €38,523 | €53,816 | +€15,293 | +39.7% |
| Taxes | 450/3 | €36,850 | €52,079 | +€15,229 | +41.3% |
| Remuneration and social security | 454/9 | €1,673 | €1,737 | +€64 | +3.8% |
| Remuneration, social security and pensions | 62 | €12,297 | €12,602 | +€305 | +2.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,146 | €26,992 | -€3,154 | -10.5% |
| Other operating charges | 640/8 | €5,549 | €8,711 | +€3,162 | +57.0% |
| Gross operating margin | 9900 | €202,107 | €187,385 | -€14,722 | -7.3% |
| Operating profit (loss) | 9901 | €154,115 | €139,080 | -€15,035 | -9.8% |
| Financial income | 75/76B | €25,365 | €69,655 | +€44,290 | +175% |
| Recurring financial income | 75 | €25,365 | €69,655 | +€44,290 | +175% |
| Financial charges | 65/66B | €10,614 | €7,048 | -€3,566 | -33.6% |
| Recurring financial charges | 65 | €10,614 | €7,048 | -€3,566 | -33.6% |
| Profit (loss) for the period before taxes | 9903 | €168,866 | €201,688 | +€32,821 | +19.4% |
| Income taxes | 67/77 | €52,136 | €63,890 | +€11,754 | +22.5% |
| Profit (loss) for the period | 9904 | €116,730 | €137,797 | +€21,067 | +18.0% |
| Profit (loss) for the period to be appropriated | 9905 | €116,730 | €137,797 | +€21,067 | +18.0% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.