SPEED INTERNATIONAL: 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 INTERNATIONAL
Largest movements
- Receivables within one year -€79,749
down €79,749 (-66.0%), from €120,895 to €41,146
of which Trade receivables: -€84,502
- Cash +€9,987
up €9,987 (+998,700%), from €1 to €9,988
mainly Receivables within one year (+€79,749) and Tax, wage and social debts (+€36,149)
- Advances received -€62,899
no longer reported in 2025 (was €62,899)
- Trade debts -€43,420
down €43,420 (-74.2%), from €58,502 to €15,082
- Tax, wage and social debts +€36,149
up €36,149 (+413%), from €8,750 to €44,899
of which Taxes: +€23,802
- Turnover -€460,625
no longer reported in 2025 (was €460,625)
- Purchases and services -€340,712
no longer reported in 2025 (was €340,712)
- Staff costs +€58,534
up €58,534 (+54.9%), from €106,628 to €165,162
- Gross operating margin +€50,801
up €50,801 (+42.4%), from €119,912 to €170,713
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 | €144,896 | €75,134 | -€69,762 | -48.1% |
| Fixed assets | 21/28 | €24,000 | €24,000 | = | 0.0% |
| Financial fixed assets | 28 | €24,000 | €24,000 | = | 0.0% |
| Current assets | 29/58 | €120,896 | €51,134 | -€69,762 | -57.7% |
| Amounts receivable within one year | 40/41 | €120,895 | €41,146 | -€79,749 | -66.0% |
| Trade receivables | 40 | €116,291 | €31,789 | -€84,502 | -72.7% |
| Other amounts receivable | 41 | €4,604 | €9,357 | +€4,753 | +103% |
| Cash at bank and in hand | 54/58 | €1 | €9,988 | +€9,987 | +998,700% |
| Total equity and liabilities | 10/49 | €144,896 | €75,134 | -€69,762 | -48.1% |
| Equity | 10/15 | €14,745 | €15,153 | +€408 | +2.8% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €8,745 | €9,153 | +€408 | +4.7% |
| Amounts payable | 17/49 | €130,151 | €59,981 | -€70,170 | -53.9% |
| Amounts payable within one year | 42/48 | €130,151 | €59,981 | -€70,170 | -53.9% |
| Trade debts | 44 | €58,502 | €15,082 | -€43,420 | -74.2% |
| Suppliers | 440/4 | €58,502 | €15,082 | -€43,420 | -74.2% |
| Advances received on contracts in progress | 46 | €62,899 | - | -€62,899 | |
| Taxes, remuneration and social security | 45 | €8,750 | €44,899 | +€36,149 | +413% |
| Taxes | 450/3 | €8,750 | €32,552 | +€23,802 | +272% |
| Remuneration and social security | 454/9 | - | €12,347 | +€12,347 | |
| Turnover | 70 | €460,625 | - | -€460,625 | |
| Goods, raw materials, services and sundry goods | 60/61 | €340,712 | - | -€340,712 | |
| Remuneration, social security and pensions | 62 | €106,628 | €165,162 | +€58,534 | +54.9% |
| Other operating charges | 640/8 | €3,944 | €4,385 | +€441 | +11.2% |
| Gross operating margin | 9900 | €119,912 | €170,713 | +€50,801 | +42.4% |
| Operating profit (loss) | 9901 | €9,340 | €1,166 | -€8,174 | -87.5% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €596 | €758 | +€162 | +27.2% |
| Recurring financial charges | 65 | €596 | €758 | +€162 | +27.2% |
| Profit (loss) for the period before taxes | 9903 | €8,745 | €408 | -€8,337 | -95.3% |
| Profit (loss) for the period | 9904 | €8,745 | €408 | -€8,337 | -95.3% |
| Profit (loss) for the period to be appropriated | 9905 | €8,745 | €408 | -€8,337 | -95.3% |
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 24 October 2026 via checked.be.