SPEAK UP: 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.
SPEAK UP
Largest movements
- Cash +€66,325
up €66,325 (+628.9%), from €10,546 to €76,871
mainly Net result for the year (+€44,695) and Receivables within one year (+€14,651)
- Receivables within one year -€14,651
down €14,651 (-55.6%), from €26,331 to €11,680
of which Other amounts receivable: -€16,111
- Current investments -€10,547
down €10,547 (-88.6%), from €11,908 to €1,361
- Tangible fixed assets -€5,366
down €5,366 (-27.7%), from €19,368 to €14,002
- Reserves +€33,500
up €33,500 (+90.5%), from €37,000 to €70,500
- Trade debts -€9,720
down €9,720 (-80.2%), from €12,122 to €2,402
- Profit (loss) carried forward +€4,695
up €4,695 (+26.1%), from -€17,988 to -€13,293
- Tax, wage and social debts +€3,832
up €3,832 (+64.3%), from €5,964 to €9,796
of which Taxes: +€4,096
- Other debts +€3,523
up €3,523 (+13.9%), from €25,337 to €28,860
- Gross operating margin +€30,411
up €30,411 (+69.9%), from €43,528 to €73,940
- Taxes +€11,630
up €11,630 (+112.4%), from €10,346 to €21,975
- Depreciation +€3,409
up €3,409 (+174.2%), from €1,957 to €5,366
- Financial income -€1,283
down €1,283 (-98.6%), from €1,301 to €19
of which Non-recurring financial income: -€1,223
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 | €68,822 | €104,653 | +€35,830 | +52.1% |
| Fixed assets | 21/28 | €19,398 | €14,032 | -€5,366 | -27.7% |
| Tangible fixed assets | 22/27 | €19,368 | €14,002 | -€5,366 | -27.7% |
| Furniture and vehicles | 24 | €19,368 | €14,002 | -€5,366 | -27.7% |
| Financial fixed assets | 28 | €30 | €30 | = | 0.0% |
| Current assets | 29/58 | €49,424 | €90,620 | +€41,196 | +83.4% |
| Amounts receivable within one year | 40/41 | €26,331 | €11,680 | -€14,651 | -55.6% |
| Trade receivables | 40 | €8,400 | €9,860 | +€1,460 | +17.4% |
| Other amounts receivable | 41 | €17,931 | €1,820 | -€16,111 | -89.8% |
| Current investments | 50/53 | €11,908 | €1,361 | -€10,547 | -88.6% |
| Cash at bank and in hand | 54/58 | €10,546 | €76,871 | +€66,325 | +628.9% |
| Deferred charges and accrued income | 490/1 | €639 | €709 | +€70 | +10.9% |
| Total equity and liabilities | 10/49 | €68,822 | €104,653 | +€35,830 | +52.1% |
| Equity | 10/15 | €25,399 | €63,594 | +€38,195 | +150.4% |
| Contributions | 10/11 | €6,387 | €6,387 | = | 0.0% |
| Reserves | 13 | €37,000 | €70,500 | +€33,500 | +90.5% |
| Distributable reserves | 133 | €37,000 | €70,500 | +€33,500 | +90.5% |
| Profit (loss) carried forward | 14 | -€17,988 | -€13,293 | +€4,695 | +26.1% |
| Amounts payable | 17/49 | €43,423 | €41,058 | -€2,365 | -5.4% |
| Amounts payable within one year | 42/48 | €43,423 | €41,058 | -€2,365 | -5.4% |
| Trade debts | 44 | €12,122 | €2,402 | -€9,720 | -80.2% |
| Suppliers | 440/4 | €12,122 | €2,402 | -€9,720 | -80.2% |
| Taxes, remuneration and social security | 45 | €5,964 | €9,796 | +€3,832 | +64.3% |
| Taxes | 450/3 | €4,102 | €8,198 | +€4,096 | +99.8% |
| Remuneration and social security | 454/9 | €1,862 | €1,598 | -€264 | -14.2% |
| Other amounts payable | 47/48 | €25,337 | €28,860 | +€3,523 | +13.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,957 | €5,366 | +€3,409 | +174.2% |
| Other operating charges | 640/8 | €1,329 | €1,179 | -€150 | -11.3% |
| Gross operating margin | 9900 | €43,528 | €73,940 | +€30,411 | +69.9% |
| Operating profit (loss) | 9901 | €40,243 | €67,395 | +€27,153 | +67.5% |
| Financial income | 75/76B | €1,301 | €19 | -€1,283 | -98.6% |
| Recurring financial income | 75 | €79 | €19 | -€60 | -76.2% |
| Non-recurring financial income | 76B | €1,223 | - | -€1,223 | |
| Financial charges | 65/66B | €310 | €743 | +€434 | +140.1% |
| Recurring financial charges | 65 | €310 | €122 | -€187 | -60.5% |
| Non-recurring financial charges | 66B | - | €621 | +€621 | |
| Profit (loss) for the period before taxes | 9903 | €41,234 | €66,671 | +€25,436 | +61.7% |
| Income taxes | 67/77 | €10,346 | €21,975 | +€11,630 | +112.4% |
| Profit (loss) for the period | 9904 | €30,889 | €44,695 | +€13,807 | +44.7% |
| Profit (loss) for the period to be appropriated | 9905 | €30,889 | €44,695 | +€13,807 | +44.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.