JOHAN SPEECKE: 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.
JOHAN SPEECKE
Largest movements
- Cash +€303,556
up €303,556 (+4,766%), from €6,370 to €309,926
mainly Net result for the year (+€218,153) and Receivables within one year (+€131,628)
- Receivables within one year -€131,628
down €131,628 (-47.6%), from €276,480 to €144,852
of which Other amounts receivable: -€119,770
- Current investments -€27,550
down €27,550 (-100%), from €27,550 to €0
- Tangible fixed assets -€23,647
down €23,647 (-8.7%), from €272,810 to €249,163
of which Land and buildings: -€21,799
- Other debts +€82,443
up €82,443 (+943%), from €8,744 to €91,188
- Tax, wage and social debts +€24,941
up €24,941 (+581%), from €4,296 to €29,237
- Reserves +€21,079
up €21,079 (+4.4%), from €480,179 to €501,257
- Trade debts -€7,776
down €7,776 (-79.0%), from €9,847 to €2,071
- Gross operating margin -€55,415
down €55,415 (-15.5%), from €358,017 to €302,601
- Taxes -€21,922
down €21,922 (-18.6%), from €117,598 to €95,677
- Financial income -€11,195
down €11,195 (-23.0%), from €48,727 to €37,532
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €583,351 | €704,059 | +€120,708 | +20.7% |
| Fixed assets | 21/28 | €272,810 | €249,163 | -€23,647 | -8.7% |
| Tangible fixed assets | 22/27 | €272,810 | €249,163 | -€23,647 | -8.7% |
| Land and buildings | 22 | €265,875 | €244,076 | -€21,799 | -8.2% |
| Furniture and vehicles | 24 | €6,935 | €5,087 | -€1,848 | -26.7% |
| Current assets | 29/58 | €310,541 | €454,896 | +€144,355 | +46.5% |
| Amounts receivable within one year | 40/41 | €276,480 | €144,852 | -€131,628 | -47.6% |
| Trade receivables | 40 | €25,208 | €13,350 | -€11,858 | -47.0% |
| Other amounts receivable | 41 | €251,272 | €131,502 | -€119,770 | -47.7% |
| Current investments | 50/53 | €27,550 | €0 | -€27,550 | -100% |
| Cash at bank and in hand | 54/58 | €6,370 | €309,926 | +€303,556 | +4,766% |
| Deferred charges and accrued income | 490/1 | €141 | €117 | -€23 | -16.7% |
| Total equity and liabilities | 10/49 | €583,351 | €704,059 | +€120,708 | +20.7% |
| Equity | 10/15 | €559,637 | €580,715 | +€21,079 | +3.8% |
| Contributions | 10/11 | €79,458 | €79,458 | = | 0.0% |
| Reserves | 13 | €480,179 | €501,257 | +€21,079 | +4.4% |
| Distributable reserves | 133 | €480,179 | €501,257 | +€21,079 | +4.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €23,715 | €123,344 | +€99,629 | +420% |
| Amounts payable within one year | 42/48 | €22,887 | €122,495 | +€99,608 | +435% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €9,847 | €2,071 | -€7,776 | -79.0% |
| Suppliers | 440/4 | €9,847 | €2,071 | -€7,776 | -79.0% |
| Taxes, remuneration and social security | 45 | €4,296 | €29,237 | +€24,941 | +581% |
| Taxes | 450/3 | €4,296 | €29,237 | +€24,941 | +581% |
| Other amounts payable | 47/48 | €8,744 | €91,188 | +€82,443 | +943% |
| Accrued charges and deferred income | 492/3 | €828 | €849 | +€21 | +2.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,647 | €23,647 | = | 0.0% |
| Other operating charges | 640/8 | €2,464 | €2,540 | +€75 | +3.1% |
| Gross operating margin | 9900 | €358,017 | €302,601 | -€55,415 | -15.5% |
| Operating profit (loss) | 9901 | €331,905 | €276,415 | -€55,491 | -16.7% |
| Financial income | 75/76B | €48,727 | €37,532 | -€11,195 | -23.0% |
| Recurring financial income | 75 | €48,727 | €37,532 | -€11,195 | -23.0% |
| Financial charges | 65/66B | €185 | €118 | -€67 | -36.4% |
| Recurring financial charges | 65 | €185 | €118 | -€67 | -36.4% |
| Profit (loss) for the period before taxes | 9903 | €380,447 | €313,829 | -€66,618 | -17.5% |
| Income taxes | 67/77 | €117,598 | €95,677 | -€21,922 | -18.6% |
| Profit (loss) for the period | 9904 | €262,849 | €218,153 | -€44,696 | -17.0% |
| Profit (loss) for the period to be appropriated | 9905 | €262,849 | €218,153 | -€44,696 | -17.0% |
Source: filed annual accounts (NBB), financial years ended 30 April 2025 and 30 April 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.