PROSPEED ENGINEERING: what changed
Two fiscal 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 ENGINEERING
Largest movements
- Receivables within one year -€71,558
down €71,558 (-69.8%), from €102,525 to €30,967
of which Other amounts receivable: -€66,659
- Cash +€17,983
up €17,983 (+255.1%), from €7,051 to €25,033
mainly Net result for the year (+€347,976) and Receivables within one year (+€71,558)
- Stocks and contracts -€15,232
down €15,232 (-12.5%), from €122,260 to €107,028
of which Stocks: -€30,898
- Deferred charges and accrued income +€4,039
up €4,039 (+321.8%), from €1,255 to €5,295
- Profit (loss) carried forward +€347,976
up €347,976 (+28.0%), from -€1.2m to -€894,799
- Debts after one year -€232,803
down €232,803 (-19.4%), from €1.2m to €966,194
- Trade debts -€109,156
down €109,156 (-94.3%), from €115,695 to €6,539
- Current portion of long-term debt -€47,500
down €47,500 (-100.0%), from €47,500 to €0
- Other debts -€21,385
down €21,385 (-25.6%), from €83,522 to €62,137
- Financial income +€353,790
up €353,790 (+1407.7%), from €25,133 to €378,923
of which Non-recurring financial income: +€378,923
- Gross operating margin -€213,147
down €213,147 (-86.9%), from €245,181 to €32,034
- Staff costs -€148,043
down €148,043 (-86.5%), from €171,206 to €23,164
- Financial charges -€8,912
down €8,912 (-23.5%), from €38,000 to €29,088
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €345,058 | €279,211 | -€65,847 | -19.1% |
| Fixed assets | 21/28 | €111,968 | €110,888 | -€1,080 | -1.0% |
| Tangible fixed assets | 22/27 | €2,054 | €975 | -€1,080 | -52.6% |
| Plant, machinery and equipment | 23 | €2,054 | €975 | -€1,080 | -52.6% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Financial fixed assets | 28 | €109,913 | €109,913 | = | 0.0% |
| Current assets | 29/58 | €233,091 | €168,323 | -€64,768 | -27.8% |
| Stocks and contracts in progress | 3 | €122,260 | €107,028 | -€15,232 | -12.5% |
| Stocks | 30/36 | €62,915 | €32,017 | -€30,898 | -49.1% |
| Contracts in progress | 37 | €59,345 | €75,011 | +€15,666 | +26.4% |
| Amounts receivable within one year | 40/41 | €102,525 | €30,967 | -€71,558 | -69.8% |
| Trade receivables | 40 | €34,728 | €29,829 | -€4,899 | -14.1% |
| Other amounts receivable | 41 | €67,797 | €1,138 | -€66,659 | -98.3% |
| Cash at bank and in hand | 54/58 | €7,051 | €25,033 | +€17,983 | +255.1% |
| Deferred charges and accrued income | 490/1 | €1,255 | €5,295 | +€4,039 | +321.8% |
| Total equity and liabilities | 10/49 | €345,058 | €279,211 | -€65,847 | -19.1% |
| Equity | 10/15 | -€1,138,275 | -€790,299 | +€347,976 | +30.6% |
| Contributions | 10/11 | €95,000 | €95,000 | = | 0.0% |
| Reserves | 13 | €9,500 | €9,500 | = | 0.0% |
| Non-distributable reserves | 130/1 | €9,500 | €0 | -€9,500 | -100.0% |
| Reserves not available under the articles | 1311 | €9,500 | €0 | -€9,500 | -100.0% |
| Distributable reserves | 133 | - | €9,500 | +€9,500 | |
| Profit (loss) carried forward | 14 | -€1,242,775 | -€894,799 | +€347,976 | +28.0% |
| Amounts payable | 17/49 | €1,483,334 | €1,069,510 | -€413,824 | -27.9% |
| Amounts payable after more than one year | 17 | €1,198,997 | €966,194 | -€232,803 | -19.4% |
| Other amounts payable | 178/9 | €1,198,997 | €966,194 | -€232,803 | -19.4% |
| Amounts payable within one year | 42/48 | €282,956 | €84,967 | -€197,990 | -70.0% |
| Current portion of amounts payable after more than one year | 42 | €47,500 | €0 | -€47,500 | -100.0% |
| Trade debts | 44 | €115,695 | €6,539 | -€109,156 | -94.3% |
| Suppliers | 440/4 | €115,695 | €6,539 | -€109,156 | -94.3% |
| Taxes, remuneration and social security | 45 | €36,239 | €16,291 | -€19,948 | -55.0% |
| Taxes | 450/3 | €453 | €11,991 | +€11,538 | +2547.5% |
| Remuneration and social security | 454/9 | €35,786 | €4,300 | -€31,486 | -88.0% |
| Other amounts payable | 47/48 | €83,522 | €62,137 | -€21,385 | -25.6% |
| Accrued charges and deferred income | 492/3 | €1,380 | €18,350 | +€16,969 | +1229.3% |
| Non-recurring operating income | 76A | €5,930 | €0 | -€5,930 | -100.0% |
| Remuneration, social security and pensions | 62 | €171,206 | €23,164 | -€148,043 | -86.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,084 | €1,080 | -€2,004 | -65.0% |
| Other operating charges | 640/8 | €2,298 | €3,873 | +€1,575 | +68.5% |
| Non-recurring operating charges | 66A | - | €5,579 | +€5,579 | |
| Gross operating margin | 9900 | €245,181 | €32,034 | -€213,147 | -86.9% |
| Operating profit (loss) | 9901 | €68,593 | -€1,661 | -€70,254 | |
| Financial income | 75/76B | €25,133 | €378,923 | +€353,790 | +1407.7% |
| Recurring financial income | 75 | €25,133 | €0 | -€25,133 | -100.0% |
| Non-recurring financial income | 76B | - | €378,923 | +€378,923 | |
| Financial charges | 65/66B | €38,000 | €29,088 | -€8,912 | -23.5% |
| Recurring financial charges | 65 | €38,000 | €29,088 | -€8,912 | -23.5% |
| Profit (loss) for the period before taxes | 9903 | €55,726 | €348,174 | +€292,447 | +524.8% |
| Income taxes | 67/77 | €191 | €197 | +€7 | +3.5% |
| Profit (loss) for the period | 9904 | €55,536 | €347,976 | +€292,441 | +526.6% |
| Profit (loss) for the period to be appropriated | 9905 | €55,536 | €347,976 | +€292,441 | +526.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.