Sped Holding: 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.
Sped Holding
Largest movements
- Cash +€49,154
up €49,154 (+54.9%), from €89,531 to €138,685
mainly Net result for the year (+€48,184) and Receivables within one year (+€12,839)
- Receivables within one year -€12,839
down €12,839 (-100%), from €12,839 to €0
of which Trade receivables: -€12,100
- Reserves +€48,184
up €48,184 (+61.8%), from €77,954 to €126,138
- Tax, wage and social debts -€12,433
down €12,433 (-51.7%), from €24,036 to €11,603
of which Taxes: -€12,433
- Gross operating margin +€3,508
up €3,508 (+5.9%), from €59,048 to €62,557
- Taxes +€671
up €671 (+5.4%), from €12,523 to €13,195
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 | €104,212 | €140,284 | +€36,072 | +34.6% |
| Fixed assets | 21/28 | €1,843 | €1,309 | -€534 | -29.0% |
| Tangible fixed assets | 22/27 | €1,843 | €1,309 | -€534 | -29.0% |
| Furniture and vehicles | 24 | €1,843 | €1,309 | -€534 | -29.0% |
| Current assets | 29/58 | €102,369 | €138,975 | +€36,606 | +35.8% |
| Amounts receivable within one year | 40/41 | €12,839 | €0 | -€12,839 | -100% |
| Trade receivables | 40 | €12,100 | €0 | -€12,100 | -100% |
| Other amounts receivable | 41 | €739 | €0 | -€739 | -100% |
| Cash at bank and in hand | 54/58 | €89,531 | €138,685 | +€49,154 | +54.9% |
| Deferred charges and accrued income | 490/1 | €0 | €291 | +€291 | |
| Total equity and liabilities | 10/49 | €104,212 | €140,284 | +€36,072 | +34.6% |
| Equity | 10/15 | €78,954 | €127,138 | +€48,184 | +61.0% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €77,954 | €126,138 | +€48,184 | +61.8% |
| Distributable reserves | 133 | €77,954 | €126,138 | +€48,184 | +61.8% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €25,258 | €13,146 | -€12,112 | -48.0% |
| Amounts payable within one year | 42/48 | €25,166 | €13,054 | -€12,112 | -48.1% |
| Trade debts | 44 | €847 | €1,293 | +€446 | +52.6% |
| Suppliers | 440/4 | €847 | €1,293 | +€446 | +52.6% |
| Taxes, remuneration and social security | 45 | €24,036 | €11,603 | -€12,433 | -51.7% |
| Taxes | 450/3 | €21,458 | €9,025 | -€12,433 | -57.9% |
| Remuneration and social security | 454/9 | €2,578 | €2,578 | = | 0.0% |
| Other amounts payable | 47/48 | €283 | €158 | -€125 | -44.1% |
| Accrued charges and deferred income | 492/3 | €92 | €92 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €534 | €534 | = | 0.0% |
| Other operating charges | 640/8 | €505 | €520 | +€14 | +2.8% |
| Gross operating margin | 9900 | €59,048 | €62,557 | +€3,508 | +5.9% |
| Operating profit (loss) | 9901 | €58,009 | €61,503 | +€3,494 | +6.0% |
| Financial income | 75/76B | €11 | €0 | -€11 | -100% |
| Recurring financial income | 75 | €11 | €0 | -€11 | -100% |
| Financial charges | 65/66B | €116 | €125 | +€9 | +7.8% |
| Recurring financial charges | 65 | €116 | €125 | +€9 | +7.8% |
| Profit (loss) for the period before taxes | 9903 | €57,904 | €61,378 | +€3,474 | +6.0% |
| Income taxes | 67/77 | €12,523 | €13,195 | +€671 | +5.4% |
| Profit (loss) for the period | 9904 | €45,381 | €48,184 | +€2,803 | +6.2% |
| Profit (loss) for the period to be appropriated | 9905 | €45,381 | €48,184 | +€2,803 | +6.2% |
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 18 October 2026 via checked.be.