SPEED-CLEAN: 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-CLEAN
Largest movements
- Tangible fixed assets -€48,734
down €48,734 (-19.6%), from €248,904 to €200,170
of which Land and buildings: -€42,244
- Receivables within one year +€36,505
up €36,505 (+25.2%), from €144,649 to €181,154
of which Trade receivables: +€38,826
- Deferred charges and accrued income +€5,282
up €5,282 (+306.4%), from €1,724 to €7,006
- Debts after one year -€36,754
down €36,754 (-18.7%), from €196,200 to €159,447
- Trade debts +€26,094
new in 2025: €26,094
- Short-term financial debts +€23,235
up €23,235 (+46.1%), from €50,426 to €73,661
- Profit (loss) carried forward -€11,392
down €11,392 (-14.1%), from €80,791 to €69,398
- Tax, wage and social debts -€7,304
no longer reported in 2025 (was €7,304)
of which Taxes: -€3,783
- Gross operating margin +€21,503
up €21,503 (+18.1%), from €118,976 to €140,479
- Staff costs -€12,214
down €12,214 (-24.7%), from €49,418 to €37,204
- Other operating charges +€8,728
up €8,728 (+113.7%), from €7,676 to €16,405
- Financial charges -€3,838
down €3,838 (-21.5%), from €17,811 to €13,974
- Depreciation +€1,789
up €1,789 (+3.6%), from €49,099 to €50,888
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 | €407,913 | €401,297 | -€6,616 | -1.6% |
| Fixed assets | 21/28 | €255,837 | €207,103 | -€48,734 | -19.0% |
| Tangible fixed assets | 22/27 | €248,904 | €200,170 | -€48,734 | -19.6% |
| Land and buildings | 22 | €208,749 | €166,506 | -€42,244 | -20.2% |
| Plant, machinery and equipment | 23 | €14,522 | €11,881 | -€2,641 | -18.2% |
| Furniture and vehicles | 24 | €5,110 | €5,682 | +€571 | +11.2% |
| Other tangible fixed assets | 26 | €20,522 | €16,101 | -€4,420 | -21.5% |
| Financial fixed assets | 28 | €6,933 | €6,933 | = | 0.0% |
| Current assets | 29/58 | €152,076 | €194,194 | +€42,118 | +27.7% |
| Stocks and contracts in progress | 3 | €4,193 | €3,715 | -€478 | -11.4% |
| Stocks | 30/36 | €4,193 | €3,715 | -€478 | -11.4% |
| Amounts receivable within one year | 40/41 | €144,649 | €181,154 | +€36,505 | +25.2% |
| Trade receivables | 40 | €118,858 | €157,685 | +€38,826 | +32.7% |
| Other amounts receivable | 41 | €25,791 | €23,470 | -€2,321 | -9.0% |
| Cash at bank and in hand | 54/58 | €1,511 | €2,319 | +€808 | +53.5% |
| Deferred charges and accrued income | 490/1 | €1,724 | €7,006 | +€5,282 | +306.4% |
| Total equity and liabilities | 10/49 | €407,913 | €401,297 | -€6,616 | -1.6% |
| Equity | 10/15 | €107,615 | €93,040 | -€14,574 | -13.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €80,791 | €69,398 | -€11,392 | -14.1% |
| Investment grants | 15 | €6,364 | €3,182 | -€3,182 | -50.0% |
| Amounts payable | 17/49 | €300,298 | €308,257 | +€7,958 | +2.7% |
| Amounts payable after more than one year | 17 | €196,200 | €159,447 | -€36,754 | -18.7% |
| Financial debts | 170/4 | €196,200 | €159,447 | -€36,754 | -18.7% |
| Amounts payable within one year | 42/48 | €92,972 | €137,684 | +€44,712 | +48.1% |
| Current portion of amounts payable after more than one year | 42 | €35,154 | €36,154 | +€999 | +2.8% |
| Financial debts | 43 | €50,426 | €73,661 | +€23,235 | +46.1% |
| Credit institutions | 430/8 | €50,426 | €73,661 | +€23,235 | +46.1% |
| Trade debts | 44 | - | €26,094 | +€26,094 | |
| Suppliers | 440/4 | - | €26,094 | +€26,094 | |
| Taxes, remuneration and social security | 45 | €7,304 | - | -€7,304 | |
| Taxes | 450/3 | €3,783 | - | -€3,783 | |
| Remuneration and social security | 454/9 | €3,521 | - | -€3,521 | |
| Other amounts payable | 47/48 | €87 | €1,776 | +€1,688 | +1934.4% |
| Accrued charges and deferred income | 492/3 | €11,126 | €11,126 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €49,418 | €37,204 | -€12,214 | -24.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49,099 | €50,888 | +€1,789 | +3.6% |
| Other operating charges | 640/8 | €7,676 | €16,405 | +€8,728 | +113.7% |
| Gross operating margin | 9900 | €118,976 | €140,479 | +€21,503 | +18.1% |
| Operating profit (loss) | 9901 | €12,783 | €35,982 | +€23,199 | +181.5% |
| Financial income | 75/76B | €3,509 | €3,182 | -€327 | -9.3% |
| Recurring financial income | 75 | €3,509 | €3,182 | -€327 | -9.3% |
| Financial charges | 65/66B | €17,811 | €13,974 | -€3,838 | -21.5% |
| Recurring financial charges | 65 | €17,811 | €13,974 | -€3,838 | -21.5% |
| Profit (loss) for the period before taxes | 9903 | -€1,519 | €25,190 | +€26,709 | |
| Income taxes | 67/77 | - | €772 | +€772 | |
| Profit (loss) for the period | 9904 | -€1,519 | €24,418 | +€25,937 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,519 | €24,418 | +€25,937 |
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.