SPEED 8: 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.
SPEED 8
Largest movements
No asset line moved by more than 1% of the balance sheet total.
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin +€222
up €222 (+2.7%), from €8,143 to €8,365
- Other operating charges -€216
down €216 (-60.0%), from €361 to €144
- Financial charges +€166
up €166 (+67.3%), from €246 to €412
- Taxes +€117
up €117 (+5.8%), from €2,011 to €2,128
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 | €4,071,832 | €4,068,425 | -€3,407 | -0.1% |
| Fixed assets | 21/28 | €4,056,009 | €4,056,009 | = | 0.0% |
| Financial fixed assets | 28 | €4,056,009 | €4,056,009 | = | 0.0% |
| Current assets | 29/58 | €15,823 | €12,415 | -€3,407 | -21.5% |
| Amounts receivable within one year | 40/41 | €2,674 | €1,750 | -€925 | -34.6% |
| Trade receivables | 40 | €1,696 | €1,750 | +€54 | +3.2% |
| Other amounts receivable | 41 | €978 | - | -€978 | |
| Cash at bank and in hand | 54/58 | €13,148 | €10,666 | -€2,483 | -18.9% |
| Total equity and liabilities | 10/49 | €4,071,832 | €4,068,425 | -€3,407 | -0.1% |
| Equity | 10/15 | €3,935,449 | €3,941,131 | +€5,682 | +0.1% |
| Contributions | 10/11 | €1,700,000 | €1,700,000 | = | 0.0% |
| Capital | 10 | €1,700,000 | €1,700,000 | = | 0.0% |
| Issued capital | 100 | €1,700,000 | €1,700,000 | = | 0.0% |
| Revaluation surpluses | 12 | €2,206,009 | €2,206,009 | = | 0.0% |
| Reserves | 13 | €29,440 | €35,121 | +€5,682 | +19.3% |
| Non-distributable reserves | 130/1 | €29,440 | €35,121 | +€5,682 | +19.3% |
| Legal reserve | 130 | €29,440 | €35,121 | +€5,682 | +19.3% |
| Amounts payable | 17/49 | €136,383 | €127,294 | -€9,089 | -6.7% |
| Amounts payable within one year | 42/48 | €135,515 | €126,295 | -€9,219 | -6.8% |
| Trade debts | 44 | €3,001 | €3,751 | +€750 | +25.0% |
| Suppliers | 440/4 | €3,001 | €3,751 | +€750 | +25.0% |
| Taxes, remuneration and social security | 45 | €2,514 | €2,544 | +€31 | +1.2% |
| Taxes | 450/3 | €2,514 | €2,544 | +€31 | +1.2% |
| Other amounts payable | 47/48 | €130,000 | €120,000 | -€10,000 | -7.7% |
| Accrued charges and deferred income | 492/3 | €868 | €998 | +€130 | +15.0% |
| Other operating charges | 640/8 | €361 | €144 | -€216 | -60.0% |
| Gross operating margin | 9900 | €8,143 | €8,365 | +€222 | +2.7% |
| Operating profit (loss) | 9901 | €7,783 | €8,221 | +€438 | +5.6% |
| Financial charges | 65/66B | €246 | €412 | +€166 | +67.3% |
| Recurring financial charges | 65 | €246 | €412 | +€166 | +67.3% |
| Profit (loss) for the period before taxes | 9903 | €7,537 | €7,810 | +€273 | +3.6% |
| Income taxes | 67/77 | €2,011 | €2,128 | +€117 | +5.8% |
| Profit (loss) for the period | 9904 | €5,526 | €5,682 | +€156 | +2.8% |
| Profit (loss) for the period to be appropriated | 9905 | €5,526 | €5,682 | +€156 | +2.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 August 2024 and 31 August 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.