PROSPEED COMPETITION: 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.
PROSPEED COMPETITION
Largest movements
- Deferred charges and accrued income +€547,218
up €547,218 (+2871.4%), from €19,057 to €566,276
- Receivables within one year +€376,088
up €376,088 (+74.1%), from €507,720 to €883,807
of which Other amounts receivable: +€278,493
- Cash -€301,998
down €301,998 (-45.5%), from €663,970 to €361,972
mainly Contributions, distributions and other (-€600,000) and Deferred charges and accrued income (-€547,218)
- Tangible fixed assets +€211,932
up €211,932 (+56.7%), from €373,931 to €585,863
of which Other tangible fixed assets: +€172,964
- Stocks and contracts +€140,920
up €140,920 (+13.5%), from €1.0m to €1.2m
of which Stocks: +€140,920
- Reserves +€691,855
up €691,855 (+43.4%), from €1.6m to €2.3m
- Trade debts +€616,793
up €616,793 (+122.3%), from €504,444 to €1.1m
- Debts after one year -€307,759
down €307,759 (-55.1%), from €558,706 to €250,947
- Accrued charges and deferred income +€143,906
up €143,906 (+1272.7%), from €11,307 to €155,213
- Tax, wage and social debts -€50,141
down €50,141 (-48.8%), from €102,681 to €52,540
of which Taxes: -€71,571
- Gross operating margin +€307,369
up €307,369 (+29.8%), from €1.0m to €1.3m
- Financial income +€301,070
up €301,070 (+60.2%), from €500,000 to €801,070
- Staff costs +€190,678
up €190,678 (+87.3%), from €218,398 to €409,075
- Taxes +€28,664
up €28,664 (+18.4%), from €156,082 to €184,747
- Depreciation +€25,109
up €25,109 (+18.1%), from €139,107 to €164,216
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.
Cash bridge derived
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 | €3,522,354 | €4,592,863 | +€1.1m | +30.4% |
| Fixed assets | 21/28 | €1,286,628 | €1,594,909 | +€308,281 | +24.0% |
| Intangible fixed assets | 21 | €59,133 | €155,483 | +€96,349 | +162.9% |
| Tangible fixed assets | 22/27 | €373,931 | €585,863 | +€211,932 | +56.7% |
| Land and buildings | 22 | €24,905 | €44,254 | +€19,350 | +77.7% |
| Plant, machinery and equipment | 23 | €213,929 | €270,674 | +€56,745 | +26.5% |
| Furniture and vehicles | 24 | €135,097 | €97,971 | -€37,126 | -27.5% |
| Other tangible fixed assets | 26 | - | €172,964 | +€172,964 | |
| Financial fixed assets | 28 | €853,564 | €853,564 | = | 0.0% |
| Current assets | 29/58 | €2,235,726 | €2,997,954 | +€762,228 | +34.1% |
| Stocks and contracts in progress | 3 | €1,044,979 | €1,185,899 | +€140,920 | +13.5% |
| Stocks | 30/36 | €1,044,979 | €1,185,899 | +€140,920 | +13.5% |
| Contracts in progress | 37 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €507,720 | €883,807 | +€376,088 | +74.1% |
| Trade receivables | 40 | €265,743 | €363,338 | +€97,595 | +36.7% |
| Other amounts receivable | 41 | €241,976 | €520,469 | +€278,493 | +115.1% |
| Cash at bank and in hand | 54/58 | €663,970 | €361,972 | -€301,998 | -45.5% |
| Deferred charges and accrued income | 490/1 | €19,057 | €566,276 | +€547,218 | +2871.4% |
| Total equity and liabilities | 10/49 | €3,522,354 | €4,592,863 | +€1.1m | +30.4% |
| Equity | 10/15 | €1,694,992 | €2,386,847 | +€691,855 | +40.8% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €1,594,992 | €2,286,847 | +€691,855 | +43.4% |
| Distributable reserves | 133 | €1,594,992 | €2,286,847 | +€691,855 | +43.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €1,827,363 | €2,206,016 | +€378,654 | +20.7% |
| Amounts payable after more than one year | 17 | €558,706 | €250,947 | -€307,759 | -55.1% |
| Financial debts | 170/4 | €558,706 | €250,947 | -€307,759 | -55.1% |
| Amounts payable within one year | 42/48 | €1,257,350 | €1,799,856 | +€542,506 | +43.1% |
| Current portion of amounts payable after more than one year | 42 | €50,226 | €26,079 | -€24,147 | -48.1% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €504,444 | €1,121,237 | +€616,793 | +122.3% |
| Suppliers | 440/4 | €504,444 | €1,121,237 | +€616,793 | +122.3% |
| Taxes, remuneration and social security | 45 | €102,681 | €52,540 | -€50,141 | -48.8% |
| Taxes | 450/3 | €71,571 | €0 | -€71,571 | -100.0% |
| Remuneration and social security | 454/9 | €31,109 | €52,540 | +€21,431 | +68.9% |
| Other amounts payable | 47/48 | €600,000 | €600,000 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €11,307 | €155,213 | +€143,906 | +1272.7% |
| Non-recurring operating income | 76A | €20,504 | €57,009 | +€36,506 | +178.0% |
| Remuneration, social security and pensions | 62 | €218,398 | €409,075 | +€190,678 | +87.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €139,107 | €164,216 | +€25,109 | +18.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €22,706 | €22,706 | = | 0.0% |
| Other operating charges | 640/8 | €16,506 | €10,325 | -€6,181 | -37.4% |
| Non-recurring operating charges | 66A | €451 | €15,517 | +€15,067 | +3343.5% |
| Gross operating margin | 9900 | €1,030,288 | €1,337,658 | +€307,369 | +29.8% |
| Operating profit (loss) | 9901 | €633,121 | €715,818 | +€82,697 | +13.1% |
| Financial income | 75/76B | €500,000 | €801,070 | +€301,070 | +60.2% |
| Recurring financial income | 75 | €500,000 | €801,070 | +€301,070 | +60.2% |
| Financial charges | 65/66B | €38,561 | €40,286 | +€1,726 | +4.5% |
| Recurring financial charges | 65 | €38,561 | €40,286 | +€1,726 | +4.5% |
| Profit (loss) for the period before taxes | 9903 | €1,094,561 | €1,476,602 | +€382,041 | +34.9% |
| Income taxes | 67/77 | €156,082 | €184,747 | +€28,664 | +18.4% |
| Profit (loss) for the period | 9904 | €938,478 | €1,291,855 | +€353,377 | +37.7% |
| Profit (loss) for the period to be appropriated | 9905 | €938,478 | €1,291,855 | +€353,377 | +37.7% |
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 12 October 2026 via checked.be.