NO SPEED LIMIT: 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.
NO SPEED LIMIT
Largest movements
- Receivables within one year -€60,524
down €60,524 (-13.7%), from €440,888 to €380,365
of which Other amounts receivable: -€50,526
- Receivables after one year -€30,000
down €30,000 (-13.1%), from €228,461 to €198,461
- Tangible fixed assets -€21,900
down €21,900 (-5.2%), from €418,904 to €397,004
of which Plant, machinery and equipment: -€25,076
- Cash -€16,256
down €16,256 (-63.8%), from €25,478 to €9,222
mainly Debts after one year (-€69,025) and Net result for the year (-€55,608)
- Debts after one year -€69,025
down €69,025 (-23.5%), from €294,150 to €225,125
of which Financial debts: -€49,025
- Profit (loss) carried forward -€55,608
down €55,608 (-7.1%), from €786,174 to €730,566
- Tax, wage and social debts -€26,217
down €26,217 (-76.2%), from €34,411 to €8,194
- Trade debts +€20,642
up €20,642 (+15.7%), from €131,430 to €152,072
- Gross operating margin -€83,176
down €83,176 (-44.0%), from €189,060 to €105,884
- Taxes +€53,473
up €53,473 (+21,035%), from €254 to €53,727
- Other operating charges +€9,628
up €9,628 (+125%), from €7,727 to €17,355
- Financial income -€9,007
down €9,007 (-99.7%), from €9,036 to €29
- Financial charges -€2,150
down €2,150 (-15.7%), from €13,668 to €11,518
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 | €1,335,265 | €1,198,606 | -€136,659 | -10.2% |
| Fixed assets | 21/28 | €638,458 | €610,558 | -€27,900 | -4.4% |
| Tangible fixed assets | 22/27 | €418,904 | €397,004 | -€21,900 | -5.2% |
| Land and buildings | 22 | €191,144 | €185,227 | -€5,917 | -3.1% |
| Plant, machinery and equipment | 23 | €120,071 | €94,995 | -€25,076 | -20.9% |
| Furniture and vehicles | 24 | €107,689 | €116,782 | +€9,093 | +8.4% |
| Financial fixed assets | 28 | €219,554 | €213,554 | -€6,000 | -2.7% |
| Current assets | 29/58 | €696,807 | €588,048 | -€108,759 | -15.6% |
| Amounts receivable after more than one year | 29 | €228,461 | €198,461 | -€30,000 | -13.1% |
| Other amounts receivable | 291 | €228,461 | €198,461 | -€30,000 | -13.1% |
| Amounts receivable within one year | 40/41 | €440,888 | €380,365 | -€60,524 | -13.7% |
| Trade receivables | 40 | €16,196 | €6,198 | -€9,997 | -61.7% |
| Other amounts receivable | 41 | €424,693 | €374,166 | -€50,526 | -11.9% |
| Cash at bank and in hand | 54/58 | €25,478 | €9,222 | -€16,256 | -63.8% |
| Deferred charges and accrued income | 490/1 | €1,980 | - | -€1,980 | |
| Total equity and liabilities | 10/49 | €1,335,265 | €1,198,606 | -€136,659 | -10.2% |
| Equity | 10/15 | €806,634 | €751,026 | -€55,608 | -6.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €786,174 | €730,566 | -€55,608 | -7.1% |
| Amounts payable | 17/49 | €528,631 | €447,581 | -€81,051 | -15.3% |
| Amounts payable after more than one year | 17 | €294,150 | €225,125 | -€69,025 | -23.5% |
| Financial debts | 170/4 | €220,378 | €171,354 | -€49,025 | -22.2% |
| Other amounts payable | 178/9 | €73,772 | €53,772 | -€20,000 | -27.1% |
| Amounts payable within one year | 42/48 | €214,770 | €211,785 | -€2,984 | -1.4% |
| Current portion of amounts payable after more than one year | 42 | €48,929 | €51,519 | +€2,591 | +5.3% |
| Trade debts | 44 | €131,430 | €152,072 | +€20,642 | +15.7% |
| Suppliers | 440/4 | €131,430 | €152,072 | +€20,642 | +15.7% |
| Taxes, remuneration and social security | 45 | €34,411 | €8,194 | -€26,217 | -76.2% |
| Taxes | 450/3 | €34,411 | €8,194 | -€26,217 | -76.2% |
| Accrued charges and deferred income | 492/3 | €19,712 | €10,670 | -€9,042 | -45.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €78,987 | €78,922 | -€65 | -0.1% |
| Other operating charges | 640/8 | €7,727 | €17,355 | +€9,628 | +125% |
| Non-recurring operating charges | 66A | €35,286 | - | -€35,286 | |
| Gross operating margin | 9900 | €189,060 | €105,884 | -€83,176 | -44.0% |
| Operating profit (loss) | 9901 | €67,061 | €9,608 | -€57,453 | -85.7% |
| Financial income | 75/76B | €9,036 | €29 | -€9,007 | -99.7% |
| Recurring financial income | 75 | €9,036 | €29 | -€9,007 | -99.7% |
| Financial charges | 65/66B | €13,668 | €11,518 | -€2,150 | -15.7% |
| Recurring financial charges | 65 | €13,668 | €11,518 | -€2,150 | -15.7% |
| Profit (loss) for the period before taxes | 9903 | €62,429 | -€1,881 | -€64,310 | |
| Income taxes | 67/77 | €254 | €53,727 | +€53,473 | +21,035% |
| Profit (loss) for the period | 9904 | €62,175 | -€55,608 | -€117,783 | |
| Profit (loss) for the period to be appropriated | 9905 | €62,175 | -€55,608 | -€117,783 |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.