SPEAK: 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.
SPEAK
Largest movements
- Cash -€114,848
down €114,848 (-65.2%), from €176,080 to €61,232
mainly Contributions, distributions and other (-€142,341) and Current investments (-€100,000)
- Current investments +€100,000
new in 2025: €100,000
- Receivables within one year +€42,736
up €42,736 (+459%), from €9,302 to €52,038
of which Trade receivables: +€34,259
- Tangible fixed assets -€32,530
down €32,530 (-16.6%), from €196,433 to €163,902
of which Furniture and vehicles: -€22,580
- Other debts +€128,210
up €128,210 (+667%), from €19,212 to €147,422
- Reserves -€125,141
down €125,141 (-46.3%), from €270,420 to €145,279
of which Distributable reserves: -€125,141
- Debts after one year -€19,094
down €19,094 (-49.2%), from €38,819 to €19,725
- Trade debts +€13,336
up €13,336 (+132%), from €10,106 to €23,441
- Gross operating margin -€30,895
down €30,895 (-27.5%), from €112,171 to €81,276
- Taxes -€10,498
down €10,498 (-54.1%), from €19,423 to €8,925
- Depreciation +€7,591
up €7,591 (+19.3%), from €39,313 to €46,905
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 | €408,211 | €403,951 | -€4,259 | -1.0% |
| Fixed assets | 21/28 | €204,473 | €171,942 | -€32,530 | -15.9% |
| Tangible fixed assets | 22/27 | €196,433 | €163,902 | -€32,530 | -16.6% |
| Land and buildings | 22 | €94,011 | €82,638 | -€11,373 | -12.1% |
| Plant, machinery and equipment | 23 | €42,059 | €43,482 | +€1,423 | +3.4% |
| Furniture and vehicles | 24 | €60,362 | €37,782 | -€22,580 | -37.4% |
| Financial fixed assets | 28 | €8,040 | €8,040 | = | 0.0% |
| Current assets | 29/58 | €203,738 | €232,009 | +€28,271 | +13.9% |
| Amounts receivable within one year | 40/41 | €9,302 | €52,038 | +€42,736 | +459% |
| Trade receivables | 40 | €726 | €34,985 | +€34,259 | +4,721% |
| Other amounts receivable | 41 | €8,577 | €17,053 | +€8,477 | +98.8% |
| Current investments | 50/53 | - | €100,000 | +€100,000 | |
| Cash at bank and in hand | 54/58 | €176,080 | €61,232 | -€114,848 | -65.2% |
| Deferred charges and accrued income | 490/1 | €18,355 | €18,739 | +€383 | +2.1% |
| Total equity and liabilities | 10/49 | €408,211 | €403,951 | -€4,259 | -1.0% |
| Equity | 10/15 | €315,235 | €190,094 | -€125,141 | -39.7% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €270,420 | €145,279 | -€125,141 | -46.3% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €270,420 | €145,279 | -€125,141 | -46.3% |
| Profit (loss) carried forward | 14 | €14,816 | €14,816 | = | 0.0% |
| Amounts payable | 17/49 | €92,976 | €213,857 | +€120,882 | +130% |
| Amounts payable after more than one year | 17 | €38,819 | €19,725 | -€19,094 | -49.2% |
| Financial debts | 170/4 | €38,819 | €19,725 | -€19,094 | -49.2% |
| Amounts payable within one year | 42/48 | €51,960 | €191,126 | +€139,166 | +268% |
| Current portion of amounts payable after more than one year | 42 | €18,484 | €19,094 | +€611 | +3.3% |
| Trade debts | 44 | €10,106 | €23,441 | +€13,336 | +132% |
| Suppliers | 440/4 | €10,106 | €23,441 | +€13,336 | +132% |
| Taxes, remuneration and social security | 45 | €4,159 | €1,169 | -€2,991 | -71.9% |
| Taxes | 450/3 | €4,159 | €1,169 | -€2,991 | -71.9% |
| Other amounts payable | 47/48 | €19,212 | €147,422 | +€128,210 | +667% |
| Accrued charges and deferred income | 492/3 | €2,196 | €3,007 | +€810 | +36.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,313 | €46,905 | +€7,591 | +19.3% |
| Other operating charges | 640/8 | €5,446 | €5,322 | -€124 | -2.3% |
| Gross operating margin | 9900 | €112,171 | €81,276 | -€30,895 | -27.5% |
| Operating profit (loss) | 9901 | €67,411 | €29,049 | -€38,362 | -56.9% |
| Financial income | 75/76B | €2 | €120 | +€118 | +6,294% |
| Recurring financial income | 75 | €2 | €120 | +€118 | +6,294% |
| Financial charges | 65/66B | €2,691 | €3,043 | +€352 | +13.1% |
| Recurring financial charges | 65 | €2,691 | €3,043 | +€352 | +13.1% |
| Profit (loss) for the period before taxes | 9903 | €64,722 | €26,125 | -€38,597 | -59.6% |
| Income taxes | 67/77 | €19,423 | €8,925 | -€10,498 | -54.1% |
| Profit (loss) for the period | 9904 | €45,299 | €17,200 | -€28,099 | -62.0% |
| Profit (loss) for the period to be appropriated | 9905 | €45,299 | €17,200 | -€28,099 | -62.0% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.