Speck Publishing: 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.
What changed
Speck Publishing
NACE 47.120, Other non-specialised retail sale
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€59,779
2024 · -€40,026-€19,753
Equity
€1.7m
2024 · €1.7m-€59,779
Cash
€12,600
2024 · €2,730+€9,870
Balance sheet total
€3.3m
2024 · €3.4m-€51,172
Largest movements
Assets
- Tangible fixed assets -€69,346
down €69,346 (-4.6%), from €1.5m to €1.4m
of which Land and buildings: -€61,880
Equity and liabilities
- Profit (loss) carried forward -€59,779
down €59,779 (-658%), from -€9,091 to -€68,870
- Other debts +€40,054
up €40,054 (+3.0%), from €1.3m to €1.4m
Income statement
- Gross operating margin -€57,495
down €57,495 (-82.4%), from €69,766 to €12,271
- Depreciation -€19,608
down €19,608 (-22.0%), from €88,955 to €69,346
- Financial charges -€17,863
down €17,863 (-97.7%), from €18,285 to €422
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.
Result 2024
-€40,026
Gross operating margin
-€57,495
Depreciation
+€19,608
Other operating charges
+€271
Financial charges
+€17,863
Result 2025
-€59,779
raises the resultlowers the result
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.
From operations
+€43,137
Investment
€0
Financing
-€33,267
Cash 2024
€2,730
From operations (derived)
+€43,137
Net result for the year
-€59,779
Depreciation
+€69,346
Receivables within one year
-€8,564
Deferred charges and accrued income
+€259
Trade debts
-€216
Tax, wage and social debts
+€834
Other debts
+€40,054
Accrued charges and deferred income
+€1,202
Financing
-€33,267
Debts after one year
-€30,339
Current portion of long-term debt
-€2,928
Cash 2025
€12,600
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,387,144 | €3,335,972 | -€51,172 | -1.5% |
| Fixed assets | 21/28 | €3,284,903 | €3,215,557 | -€69,346 | -2.1% |
| Tangible fixed assets | 22/27 | €1,506,230 | €1,436,884 | -€69,346 | -4.6% |
| Land and buildings | 22 | €1,483,068 | €1,421,188 | -€61,880 | -4.2% |
| Plant, machinery and equipment | 23 | €556 | €301 | -€255 | -45.9% |
| Furniture and vehicles | 24 | €22,606 | €15,395 | -€7,211 | -31.9% |
| Financial fixed assets | 28 | €1,778,673 | €1,778,673 | = | 0.0% |
| Current assets | 29/58 | €102,241 | €120,415 | +€18,174 | +17.8% |
| Stocks and contracts in progress | 3 | €10,763 | €10,763 | = | 0.0% |
| Stocks | 30/36 | €10,763 | €10,763 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €87,459 | €96,022 | +€8,564 | +9.8% |
| Trade receivables | 40 | €76,853 | €94,282 | +€17,429 | +22.7% |
| Other amounts receivable | 41 | €10,606 | €1,741 | -€8,865 | -83.6% |
| Cash at bank and in hand | 54/58 | €2,730 | €12,600 | +€9,870 | +361% |
| Deferred charges and accrued income | 490/1 | €1,289 | €1,030 | -€259 | -20.1% |
| Total equity and liabilities | 10/49 | €3,387,144 | €3,335,972 | -€51,172 | -1.5% |
| Equity | 10/15 | €1,743,583 | €1,683,804 | -€59,779 | -3.4% |
| Contributions | 10/11 | €722,500 | €722,500 | = | 0.0% |
| Reserves | 13 | €1,030,174 | €1,030,174 | = | 0.0% |
| Non-distributable reserves | 130/1 | €72,250 | €72,250 | = | 0.0% |
| Reserves not available under the articles | 1311 | €72,250 | €72,250 | = | 0.0% |
| Distributable reserves | 133 | €957,924 | €957,924 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€9,091 | -€68,870 | -€59,779 | -658% |
| Amounts payable | 17/49 | €1,643,561 | €1,652,168 | +€8,607 | +0.5% |
| Amounts payable after more than one year | 17 | €212,921 | €182,582 | -€30,339 | -14.2% |
| Financial debts | 170/4 | €212,921 | €182,582 | -€30,339 | -14.2% |
| Amounts payable within one year | 42/48 | €1,430,640 | €1,468,384 | +€37,744 | +2.6% |
| Current portion of amounts payable after more than one year | 42 | €30,339 | €27,412 | -€2,928 | -9.6% |
| Financial debts | 43 | €40,000 | €40,000 | = | 0.0% |
| Credit institutions | 430/8 | €40,000 | €40,000 | = | 0.0% |
| Trade debts | 44 | €4,310 | €4,093 | -€216 | -5.0% |
| Suppliers | 440/4 | €4,310 | €4,093 | -€216 | -5.0% |
| Advances received on contracts in progress | 46 | €3,240 | €3,240 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €4,872 | €5,707 | +€834 | +17.1% |
| Taxes | 450/3 | €4,872 | €5,707 | +€834 | +17.1% |
| Other amounts payable | 47/48 | €1,347,879 | €1,387,932 | +€40,054 | +3.0% |
| Accrued charges and deferred income | 492/3 | - | €1,202 | +€1,202 | |
| Non-recurring operating income | 76A | €7,108 | €0 | -€7,108 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €88,955 | €69,346 | -€19,608 | -22.0% |
| Other operating charges | 640/8 | €2,553 | €2,282 | -€271 | -10.6% |
| Gross operating margin | 9900 | €69,766 | €12,271 | -€57,495 | -82.4% |
| Operating profit (loss) | 9901 | -€21,741 | -€59,357 | -€37,616 | -173% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €18,285 | €422 | -€17,863 | -97.7% |
| Recurring financial charges | 65 | €18,285 | €422 | -€17,863 | -97.7% |
| Profit (loss) for the period before taxes | 9903 | -€40,026 | -€59,779 | -€19,753 | -49.3% |
| Profit (loss) for the period | 9904 | -€40,026 | -€59,779 | -€19,753 | -49.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€40,026 | -€59,779 | -€19,753 | -49.3% |
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.