Speeckaert & Partners: what changed
What changed
Speeckaert & Partners
NACE 69.201, Certified accountants and tax accountants
filed annual accounts (NBB)
Net result for the year
€252,568
2024 · €170,424+€82,144
Equity
€1.4m
2024 · €1.2m+€251,735
Cash
€954,420
2024 · €233,640+€720,780
Balance sheet total
€2.8m
2024 · €2.6m+€134,628
Largest movements
Assets
- Cash +€720,780
up €720,780 (+308%), from €233,640 to €954,420
mainly Current investments (+€453,300) and Net result for the year (+€252,568)
- Current investments -€453,300
down €453,300 (-48.4%), from €936,142 to €482,842
- Tangible fixed assets -€139,242
down €139,242 (-12.8%), from €1.1m to €945,340
of which Land and buildings: -€108,622
Equity and liabilities
- Reserves +€251,735
up €251,735 (+24.1%), from €1.0m to €1.3m
of which Distributable reserves: +€188,585
- Other debts -€141,192
down €141,192 (-12.4%), from €1.1m to €1.0m
Income statement
- Gross operating margin +€103,695
up €103,695 (+16.4%), from €631,678 to €735,374
- Staff costs +€17,874
up €17,874 (+10.9%), from €163,288 to €181,162
- Taxes +€14,987
up €14,987 (+17.7%), from €84,581 to €99,568
- Financial charges -€14,092
down €14,092 (-14.9%), from €94,698 to €80,606
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€170,424
Gross operating margin
+€103,695
Staff costs
-€17,874
Depreciation
-€2,435
Other operating charges
+€237
Other operating items
-€14
Financial income
-€572
Financial charges
+€14,092
Taxes
-€14,987
Result 2025
€252,568
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€274,271
Investment
+€447,342
Financing
-€833
Cash 2024
€233,640
From operations (derived)
+€274,271
Net result for the year
+€252,568
Depreciation
+€145,200
Receivables within one year
-€11,572
Deferred charges and accrued income
+€5,181
Trade debts
+€8,288
Tax, wage and social debts
+€17,356
Other debts
-€141,192
Accrued charges and deferred income
-€1,559
Investment (derived)
+€447,342
Investment in fixed assets (net)
-€5,958
Current investments
+€453,300
Financing
-€833
Contributions, distributions and other
-€833
Cash 2025
€954,420
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,628,053 | €2,762,681 | +€134,628 | +5.1% |
| Fixed assets | 21/28 | €1,237,651 | €1,098,408 | -€139,242 | -11.3% |
| Tangible fixed assets | 22/27 | €1,084,582 | €945,340 | -€139,242 | -12.8% |
| Land and buildings | 22 | €936,871 | €828,250 | -€108,622 | -11.6% |
| Plant, machinery and equipment | 23 | €85,189 | €73,166 | -€12,023 | -14.1% |
| Furniture and vehicles | 24 | €62,522 | €43,924 | -€18,598 | -29.7% |
| Financial fixed assets | 28 | €153,069 | €153,069 | = | 0.0% |
| Current assets | 29/58 | €1,390,402 | €1,664,272 | +€273,870 | +19.7% |
| Amounts receivable within one year | 40/41 | €214,939 | €226,511 | +€11,572 | +5.4% |
| Trade receivables | 40 | €199,696 | €205,155 | +€5,459 | +2.7% |
| Other amounts receivable | 41 | €15,243 | €21,356 | +€6,113 | +40.1% |
| Current investments | 50/53 | €936,142 | €482,842 | -€453,300 | -48.4% |
| Cash at bank and in hand | 54/58 | €233,640 | €954,420 | +€720,780 | +308% |
| Deferred charges and accrued income | 490/1 | €5,680 | €499 | -€5,181 | -91.2% |
| Total equity and liabilities | 10/49 | €2,628,053 | €2,762,681 | +€134,628 | +5.1% |
| Equity | 10/15 | €1,193,637 | €1,445,371 | +€251,735 | +21.1% |
| Contributions | 10/11 | €148,321 | €148,321 | = | 0.0% |
| Reserves | 13 | €1,045,315 | €1,297,050 | +€251,735 | +24.1% |
| Tax-exempt reserves | 132 | €208,395 | €271,545 | +€63,150 | +30.3% |
| Distributable reserves | 133 | €836,920 | €1,025,505 | +€188,585 | +22.5% |
| Amounts payable | 17/49 | €1,434,416 | €1,317,309 | -€117,107 | -8.2% |
| Amounts payable after more than one year | 17 | €150,000 | €150,000 | = | 0.0% |
| Financial debts | 170/4 | €150,000 | €150,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,282,857 | €1,167,309 | -€115,548 | -9.0% |
| Trade debts | 44 | €52,775 | €61,063 | +€8,288 | +15.7% |
| Suppliers | 440/4 | €52,775 | €61,063 | +€8,288 | +15.7% |
| Taxes, remuneration and social security | 45 | €87,950 | €105,306 | +€17,356 | +19.7% |
| Taxes | 450/3 | €59,986 | €72,365 | +€12,380 | +20.6% |
| Remuneration and social security | 454/9 | €27,964 | €32,941 | +€4,976 | +17.8% |
| Other amounts payable | 47/48 | €1,142,132 | €1,000,940 | -€141,192 | -12.4% |
| Accrued charges and deferred income | 492/3 | €1,559 | - | -€1,559 | |
| Remuneration, social security and pensions | 62 | €163,288 | €181,162 | +€17,874 | +10.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €142,765 | €145,200 | +€2,435 | +1.7% |
| Other operating charges | 640/8 | €3,558 | €3,322 | -€237 | -6.6% |
| Non-recurring operating charges | 66A | €642 | €656 | +€14 | +2.1% |
| Gross operating margin | 9900 | €631,678 | €735,374 | +€103,695 | +16.4% |
| Operating profit (loss) | 9901 | €321,424 | €405,034 | +€83,610 | +26.0% |
| Financial income | 75/76B | €28,279 | €27,707 | -€572 | -2.0% |
| Recurring financial income | 75 | €28,279 | €27,707 | -€572 | -2.0% |
| Financial charges | 65/66B | €94,698 | €80,606 | -€14,092 | -14.9% |
| Recurring financial charges | 65 | €94,698 | €80,606 | -€14,092 | -14.9% |
| Profit (loss) for the period before taxes | 9903 | €255,005 | €352,136 | +€97,131 | +38.1% |
| Income taxes | 67/77 | €84,581 | €99,568 | +€14,987 | +17.7% |
| Profit (loss) for the period | 9904 | €170,424 | €252,568 | +€82,144 | +48.2% |
| Transfer from tax-exempt reserves | 789 | €68,157 | €63,150 | -€5,007 | -7.3% |
| Transfer to tax-exempt reserves | 689 | - | €126,300 | +€126,300 | |
| Profit (loss) for the period to be appropriated | 9905 | €238,581 | €189,418 | -€49,164 | -20.6% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.