Mspeed: 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.
Mspeed
Largest movements
- Cash +€26,221
up €26,221 (+126%), from €20,881 to €47,101
mainly Net result for the year (+€32,421) and Tax, wage and social debts (+€2,874)
- Receivables within one year +€9,803
up €9,803 (+85.9%), from €11,407 to €21,210
of which Trade receivables: +€10,420
- Profit (loss) carried forward +€32,421
up €32,421 (+131%), from €24,791 to €57,212
- Tax, wage and social debts +€2,874
up €2,874 (+56.0%), from €5,136 to €8,009
- Trade debts +€2,034
up €2,034 (+131%), from €1,549 to €3,583
- Other debts -€843
down €843 (-8.4%), from €10,000 to €9,157
- Gross operating margin +€7,078
up €7,078 (+17.8%), from €39,794 to €46,872
- Financial charges -€2,101
down €2,101 (-29.4%), from €7,137 to €5,036
- Taxes +€1,914
up €1,914 (+30.9%), from €6,203 to €8,117
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 | €44,476 | €80,961 | +€36,485 | +82.0% |
| Fixed assets | 21/28 | €10,727 | €10,493 | -€233 | -2.2% |
| Tangible fixed assets | 22/27 | €527 | €293 | -€233 | -44.3% |
| Furniture and vehicles | 24 | €527 | €293 | -€233 | -44.3% |
| Financial fixed assets | 28 | €10,200 | €10,200 | = | 0.0% |
| Current assets | 29/58 | €33,750 | €70,468 | +€36,718 | +109% |
| Amounts receivable within one year | 40/41 | €11,407 | €21,210 | +€9,803 | +85.9% |
| Trade receivables | 40 | €10,110 | €20,531 | +€10,420 | +103% |
| Other amounts receivable | 41 | €1,297 | €680 | -€617 | -47.6% |
| Cash at bank and in hand | 54/58 | €20,881 | €47,101 | +€26,221 | +126% |
| Deferred charges and accrued income | 490/1 | €1,462 | €2,156 | +€694 | +47.5% |
| Total equity and liabilities | 10/49 | €44,476 | €80,961 | +€36,485 | +82.0% |
| Equity | 10/15 | €27,791 | €60,212 | +€32,421 | +117% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Contributions outside capital | 11 | €3,000 | €3,000 | = | 0.0% |
| Other | 1109/19 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €24,791 | €57,212 | +€32,421 | +131% |
| Amounts payable | 17/49 | €16,685 | €20,750 | +€4,064 | +24.4% |
| Amounts payable within one year | 42/48 | €16,685 | €20,750 | +€4,064 | +24.4% |
| Trade debts | 44 | €1,549 | €3,583 | +€2,034 | +131% |
| Suppliers | 440/4 | €1,549 | €3,583 | +€2,034 | +131% |
| Taxes, remuneration and social security | 45 | €5,136 | €8,009 | +€2,874 | +56.0% |
| Taxes | 450/3 | €5,136 | €8,009 | +€2,874 | +56.0% |
| Other amounts payable | 47/48 | €10,000 | €9,157 | -€843 | -8.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €173 | €233 | +€60 | +34.6% |
| Other operating charges | 640/8 | €1,491 | €1,065 | -€426 | -28.6% |
| Gross operating margin | 9900 | €39,794 | €46,872 | +€7,078 | +17.8% |
| Operating profit (loss) | 9901 | €38,130 | €45,574 | +€7,444 | +19.5% |
| Financial income | 75/76B | €1 | €0 | -€1 | -93.8% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -93.8% |
| Financial charges | 65/66B | €7,137 | €5,036 | -€2,101 | -29.4% |
| Recurring financial charges | 65 | €7,137 | €5,036 | -€2,101 | -29.4% |
| Profit (loss) for the period before taxes | 9903 | €30,994 | €40,538 | +€9,544 | +30.8% |
| Income taxes | 67/77 | €6,203 | €8,117 | +€1,914 | +30.9% |
| Profit (loss) for the period | 9904 | €24,791 | €32,421 | +€7,630 | +30.8% |
| Profit (loss) for the period to be appropriated | 9905 | €24,791 | €32,421 | +€7,630 | +30.8% |
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 28 October 2026 via checked.be.