SPEED CONNECTION COMPANY: 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.
SPEED CONNECTION COMPANY
Largest movements
- Receivables within one year +€18,321
up €18,321 (+13.7%), from €133,635 to €151,956
of which Trade receivables: +€20,765
- Cash -€14,789
down €14,789 (-41.0%), from €36,034 to €21,245
mainly Tax, wage and social debts (-€25,632) and Receivables within one year (-€18,321)
- Receivables after one year +€5,000
up €5,000 (+50.0%), from €10,000 to €15,000
- Tangible fixed assets -€3,308
down €3,308 (-80.1%), from €4,128 to €821
of which Furniture and vehicles: -€1,780
- Tax, wage and social debts -€25,632
down €25,632 (-42.2%), from €60,746 to €35,115
of which Remuneration and social security: -€15,834
- Profit (loss) carried forward +€22,477
up €22,477 (+30.0%), from -€74,917 to -€52,439
- Trade debts +€6,956
up €6,956 (+3.7%), from €189,037 to €195,993
- Staff costs -€158,876
down €158,876 (-32.1%), from €494,686 to €335,809
- Gross operating margin -€70,730
down €70,730 (-16.3%), from €433,024 to €362,294
- Financial charges -€6,098
down €6,098 (-95.1%), from €6,411 to €313
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 | €188,958 | €192,760 | +€3,802 | +2.0% |
| Fixed assets | 21/28 | €4,128 | €821 | -€3,308 | -80.1% |
| Tangible fixed assets | 22/27 | €4,128 | €821 | -€3,308 | -80.1% |
| Furniture and vehicles | 24 | €2,601 | €821 | -€1,780 | -68.4% |
| Other tangible fixed assets | 26 | €1,528 | - | -€1,528 | |
| Current assets | 29/58 | €184,830 | €191,939 | +€7,109 | +3.8% |
| Amounts receivable after more than one year | 29 | €10,000 | €15,000 | +€5,000 | +50.0% |
| Trade receivables | 290 | €10,000 | €15,000 | +€5,000 | +50.0% |
| Amounts receivable within one year | 40/41 | €133,635 | €151,956 | +€18,321 | +13.7% |
| Trade receivables | 40 | €123,241 | €144,006 | +€20,765 | +16.8% |
| Other amounts receivable | 41 | €10,394 | €7,950 | -€2,444 | -23.5% |
| Cash at bank and in hand | 54/58 | €36,034 | €21,245 | -€14,789 | -41.0% |
| Deferred charges and accrued income | 490/1 | €5,161 | €3,738 | -€1,423 | -27.6% |
| Total equity and liabilities | 10/49 | €188,958 | €192,760 | +€3,802 | +2.0% |
| Equity | 10/15 | -€61,917 | -€39,439 | +€22,477 | +36.3% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Capital | 10 | €10,000 | €10,000 | = | 0.0% |
| Issued capital | 100 | €30,000 | €30,000 | = | 0.0% |
| Uncalled capital | 101 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €3,000 | €3,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,000 | €3,000 | = | 0.0% |
| Legal reserve | 130 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€74,917 | -€52,439 | +€22,477 | +30.0% |
| Amounts payable | 17/49 | €250,875 | €232,199 | -€18,676 | -7.4% |
| Amounts payable within one year | 42/48 | €250,875 | €232,199 | -€18,676 | -7.4% |
| Trade debts | 44 | €189,037 | €195,993 | +€6,956 | +3.7% |
| Suppliers | 440/4 | €189,037 | €195,993 | +€6,956 | +3.7% |
| Taxes, remuneration and social security | 45 | €60,746 | €35,115 | -€25,632 | -42.2% |
| Taxes | 450/3 | €19,354 | €9,556 | -€9,798 | -50.6% |
| Remuneration and social security | 454/9 | €41,393 | €25,559 | -€15,834 | -38.3% |
| Other amounts payable | 47/48 | €1,092 | €1,092 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €494,686 | €335,809 | -€158,876 | -32.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,236 | €3,308 | +€72 | +2.2% |
| Other operating charges | 640/8 | - | €387 | +€387 | |
| Gross operating margin | 9900 | €433,024 | €362,294 | -€70,730 | -16.3% |
| Operating profit (loss) | 9901 | -€64,897 | €22,790 | +€87,687 | |
| Financial charges | 65/66B | €6,411 | €313 | -€6,098 | -95.1% |
| Recurring financial charges | 65 | €6,411 | €313 | -€6,098 | -95.1% |
| Profit (loss) for the period before taxes | 9903 | -€71,308 | €22,477 | +€93,786 | |
| Profit (loss) for the period | 9904 | -€71,308 | €22,477 | +€93,786 | |
| Profit (loss) for the period to be appropriated | 9905 | -€71,308 | €22,477 | +€93,786 |
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 30 October 2026 via checked.be.