SPEED LOC: 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 LOC
Largest movements
- Cash +€35,497
up €35,497 (+30.5%), from €116,392 to €151,890
mainly Net result for the year (+€133,559) and Other debts (+€30,000)
- Tangible fixed assets -€23,422
down €23,422 (-12.8%), from €182,615 to €159,193
of which Furniture and vehicles: -€15,463
- Receivables within one year +€7,168
up €7,168 (+50.9%), from €14,088 to €21,256
of which Other amounts receivable: +€5,146
- Deferred charges and accrued income -€4,135
no longer reported in 2025 (was €4,135)
- Other debts +€30,000
up €30,000 (+26.1%), from €115,147 to €145,147
- Profit (loss) carried forward -€9,441
down €9,441 (-5.5%), from €170,494 to €161,052
- Current portion of long-term debt -€4,673
no longer reported in 2025 (was €4,673)
- Gross operating margin +€21,631
up €21,631 (+12.4%), from €174,984 to €196,615
- Taxes +€5,436
up €5,436 (+13.8%), from €39,493 to €44,929
- Other operating charges +€2,780
up €2,780 (+59.1%), from €4,705 to €7,485
- Depreciation -€2,444
down €2,444 (-19.5%), from €12,506 to €10,062
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 | €317,230 | €332,339 | +€15,108 | +4.8% |
| Fixed assets | 21/28 | €182,615 | €159,193 | -€23,422 | -12.8% |
| Tangible fixed assets | 22/27 | €182,615 | €159,193 | -€23,422 | -12.8% |
| Land and buildings | 22 | €165,988 | €156,680 | -€9,307 | -5.6% |
| Plant, machinery and equipment | 23 | €1,070 | €2,419 | +€1,349 | +126.1% |
| Furniture and vehicles | 24 | €15,557 | €94 | -€15,463 | -99.4% |
| Current assets | 29/58 | €134,616 | €173,146 | +€38,530 | +28.6% |
| Amounts receivable within one year | 40/41 | €14,088 | €21,256 | +€7,168 | +50.9% |
| Trade receivables | 40 | €510 | €2,531 | +€2,021 | +396.7% |
| Other amounts receivable | 41 | €13,579 | €18,725 | +€5,146 | +37.9% |
| Cash at bank and in hand | 54/58 | €116,392 | €151,890 | +€35,497 | +30.5% |
| Deferred charges and accrued income | 490/1 | €4,135 | - | -€4,135 | |
| Total equity and liabilities | 10/49 | €317,230 | €332,339 | +€15,108 | +4.8% |
| Equity | 10/15 | €190,954 | €181,512 | -€9,441 | -4.9% |
| 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 | €170,494 | €161,052 | -€9,441 | -5.5% |
| Amounts payable | 17/49 | €126,277 | €150,827 | +€24,550 | +19.4% |
| Amounts payable within one year | 42/48 | €125,472 | €150,827 | +€25,355 | +20.2% |
| Current portion of amounts payable after more than one year | 42 | €4,673 | - | -€4,673 | |
| Trade debts | 44 | €1,392 | €1,390 | -€2 | -0.1% |
| Suppliers | 440/4 | €1,392 | €1,390 | -€2 | -0.1% |
| Taxes, remuneration and social security | 45 | €4,261 | €4,290 | +€29 | +0.7% |
| Taxes | 450/3 | €4,261 | €4,290 | +€29 | +0.7% |
| Other amounts payable | 47/48 | €115,147 | €145,147 | +€30,000 | +26.1% |
| Accrued charges and deferred income | 492/3 | €805 | - | -€805 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,506 | €10,062 | -€2,444 | -19.5% |
| Other operating charges | 640/8 | €4,705 | €7,485 | +€2,780 | +59.1% |
| Gross operating margin | 9900 | €174,984 | €196,615 | +€21,631 | +12.4% |
| Operating profit (loss) | 9901 | €157,773 | €179,068 | +€21,295 | +13.5% |
| Financial income | 75/76B | €554 | €514 | -€39 | -7.1% |
| Recurring financial income | 75 | €554 | €514 | -€39 | -7.1% |
| Financial charges | 65/66B | €1,712 | €1,094 | -€618 | -36.1% |
| Recurring financial charges | 65 | €1,712 | €1,094 | -€618 | -36.1% |
| Profit (loss) for the period before taxes | 9903 | €156,614 | €178,488 | +€21,874 | +14.0% |
| Income taxes | 67/77 | €39,493 | €44,929 | +€5,436 | +13.8% |
| Profit (loss) for the period | 9904 | €117,121 | €133,559 | +€16,437 | +14.0% |
| Profit (loss) for the period to be appropriated | 9905 | €117,121 | €133,559 | +€16,437 | +14.0% |
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 10 October 2026 via checked.be.