GOODSPEED: 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.
GOODSPEED
Largest movements
- Receivables within one year -€52,769
down €52,769 (-3.8%), from €1.4m to €1.3m
of which Other amounts receivable: -€42,419
- Tangible fixed assets -€50,204
down €50,204 (-19.2%), from €261,478 to €211,274
of which Leasing and similar rights: -€50,000
- Cash -€29,697
down €29,697 (-55.8%), from €53,211 to €23,514
mainly Tax, wage and social debts (-€150,149) and Net result for the year (-€47,284)
- Tax, wage and social debts -€150,149
down €150,149 (-56.0%), from €267,941 to €117,793
of which Remuneration and social security: -€105,986
- Trade debts +€93,069
up €93,069 (+68.6%), from €135,647 to €228,716
- Current portion of long-term debt +€39,640
up €39,640 (+105%), from €37,609 to €77,250
- Debts after one year -€39,331
down €39,331 (-19.4%), from €202,810 to €163,479
- Profit (loss) carried forward -€38,816
down €38,816 (-7.5%), from €515,973 to €477,157
- Gross operating margin -€335,051
down €335,051 (-40.8%), from €821,068 to €486,017
- Taxes -€40,984
down €40,984 (-99.4%), from €41,226 to €242
- Staff costs +€39,690
up €39,690 (+8.7%), from €458,174 to €497,864
- Depreciation +€32,748
up €32,748 (+153%), from €21,456 to €54,204
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.
Derived cash bridge
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 | €1,690,304 | €1,557,755 | -€132,549 | -7.8% |
| Fixed assets | 21/28 | €261,798 | €211,594 | -€50,204 | -19.2% |
| Tangible fixed assets | 22/27 | €261,478 | €211,274 | -€50,204 | -19.2% |
| Plant, machinery and equipment | 23 | - | €3,307 | +€3,307 | |
| Furniture and vehicles | 24 | €22,768 | €19,258 | -€3,511 | -15.4% |
| Leasing and similar rights | 25 | €238,710 | €188,710 | -€50,000 | -20.9% |
| Financial fixed assets | 28 | €320 | €320 | = | 0.0% |
| Current assets | 29/58 | €1,428,506 | €1,346,161 | -€82,345 | -5.8% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Contracts in progress | 37 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €1,375,295 | €1,322,526 | -€52,769 | -3.8% |
| Trade receivables | 40 | €142,626 | €132,276 | -€10,350 | -7.3% |
| Other amounts receivable | 41 | €1,232,669 | €1,190,250 | -€42,419 | -3.4% |
| Cash at bank and in hand | 54/58 | €53,211 | €23,514 | -€29,697 | -55.8% |
| Deferred charges and accrued income | 490/1 | €0 | €121 | +€121 | |
| Total equity and liabilities | 10/49 | €1,690,304 | €1,557,755 | -€132,549 | -7.8% |
| Equity | 10/15 | €811,679 | €764,395 | -€47,284 | -5.8% |
| Contributions | 10/11 | €7,000 | €7,000 | = | 0.0% |
| Reserves | 13 | €288,706 | €280,238 | -€8,468 | -2.9% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €167,706 | €159,238 | -€8,468 | -5.0% |
| Distributable reserves | 133 | €119,000 | €119,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €515,973 | €477,157 | -€38,816 | -7.5% |
| Provisions and deferred taxes | 16 | €55,825 | €53,003 | -€2,823 | -5.1% |
| Deferred taxes | 168 | €55,825 | €53,003 | -€2,823 | -5.1% |
| Amounts payable | 17/49 | €822,800 | €740,358 | -€82,442 | -10.0% |
| Amounts payable after more than one year | 17 | €202,810 | €163,479 | -€39,331 | -19.4% |
| Financial debts | 170/4 | €202,810 | €163,479 | -€39,331 | -19.4% |
| Amounts payable within one year | 42/48 | €619,990 | €576,879 | -€43,112 | -7.0% |
| Current portion of amounts payable after more than one year | 42 | €37,609 | €77,250 | +€39,640 | +105% |
| Financial debts | 43 | €100,000 | €100,000 | = | 0.0% |
| Credit institutions | 430/8 | €100,000 | €100,000 | = | 0.0% |
| Trade debts | 44 | €135,647 | €228,716 | +€93,069 | +68.6% |
| Suppliers | 440/4 | €135,647 | €228,716 | +€93,069 | +68.6% |
| Taxes, remuneration and social security | 45 | €267,941 | €117,793 | -€150,149 | -56.0% |
| Taxes | 450/3 | €92,765 | €48,602 | -€44,163 | -47.6% |
| Remuneration and social security | 454/9 | €175,176 | €69,190 | -€105,986 | -60.5% |
| Other amounts payable | 47/48 | €78,792 | €53,121 | -€25,672 | -32.6% |
| Non-recurring operating income | 76A | €211,821 | €0 | -€211,821 | -100% |
| Remuneration, social security and pensions | 62 | €458,174 | €497,864 | +€39,690 | +8.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,456 | €54,204 | +€32,748 | +153% |
| Other operating charges | 640/8 | €6,167 | €10,615 | +€4,448 | +72.1% |
| Gross operating margin | 9900 | €821,068 | €486,017 | -€335,051 | -40.8% |
| Operating profit (loss) | 9901 | €335,272 | -€76,665 | -€411,937 | |
| Financial income | 75/76B | €25,895 | €33,901 | +€8,006 | +30.9% |
| Recurring financial income | 75 | €25,895 | €33,901 | +€8,006 | +30.9% |
| Financial charges | 65/66B | €10,312 | €7,100 | -€3,212 | -31.1% |
| Recurring financial charges | 65 | €10,312 | €7,100 | -€3,212 | -31.1% |
| Profit (loss) for the period before taxes | 9903 | €350,855 | -€49,865 | -€400,719 | |
| Transfer from deferred taxes | 780 | €2,823 | €2,823 | = | 0.0% |
| Transfer to deferred taxes | 680 | €52,955 | €0 | -€52,955 | -100% |
| Income taxes | 67/77 | €41,226 | €242 | -€40,984 | -99.4% |
| Profit (loss) for the period | 9904 | €259,496 | -€47,284 | -€306,780 | |
| Transfer from tax-exempt reserves | 789 | €8,468 | €8,468 | = | 0.0% |
| Transfer to tax-exempt reserves | 689 | €158,866 | €0 | -€158,866 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | €109,098 | -€38,816 | -€147,914 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.