SPEED MARINE SERVICES: 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 MARINE SERVICES
Largest movements
- Tangible fixed assets -€101,318
down €101,318 (-7.8%), from €1.3m to €1.2m
- Profit (loss) carried forward -€188,288
down €188,288 (-13.3%), from -€1.4m to -€1.6m
- Debts after one year +€71,206
up €71,206 (+2.6%), from €2.7m to €2.8m
- Gross operating margin -€55,282
down €55,282 (-177%), from -€31,162 to -€86,444
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 | €1,314,729 | €1,208,277 | -€106,452 | -8.1% |
| Fixed assets | 21/28 | €1,299,611 | €1,198,293 | -€101,318 | -7.8% |
| Tangible fixed assets | 22/27 | €1,299,611 | €1,198,293 | -€101,318 | -7.8% |
| Furniture and vehicles | 24 | €1,299,611 | €1,198,293 | -€101,318 | -7.8% |
| Current assets | 29/58 | €15,118 | €9,984 | -€5,134 | -34.0% |
| Amounts receivable within one year | 40/41 | €6,170 | €2,991 | -€3,179 | -51.5% |
| Other amounts receivable | 41 | €6,170 | €2,991 | -€3,179 | -51.5% |
| Cash at bank and in hand | 54/58 | €8,948 | €6,993 | -€1,955 | -21.8% |
| Total equity and liabilities | 10/49 | €1,314,729 | €1,208,277 | -€106,452 | -8.1% |
| Equity | 10/15 | -€1,408,424 | -€1,596,712 | -€188,288 | -13.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,414,624 | -€1,602,912 | -€188,288 | -13.3% |
| Amounts payable | 17/49 | €2,723,153 | €2,804,989 | +€81,836 | +3.0% |
| Amounts payable after more than one year | 17 | €2,722,348 | €2,793,554 | +€71,206 | +2.6% |
| Other amounts payable | 178/9 | €2,722,348 | €2,793,554 | +€71,206 | +2.6% |
| Amounts payable within one year | 42/48 | €805 | €11,435 | +€10,630 | +1,320% |
| Trade debts | 44 | €805 | €11,435 | +€10,630 | +1,320% |
| Suppliers | 440/4 | €805 | €11,435 | +€10,630 | +1,320% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €101,318 | €101,318 | = | 0.0% |
| Gross operating margin | 9900 | -€31,162 | -€86,444 | -€55,282 | -177% |
| Operating profit (loss) | 9901 | -€132,480 | -€187,763 | -€55,282 | -41.7% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €486 | €527 | +€41 | +8.4% |
| Recurring financial charges | 65 | €486 | €527 | +€41 | +8.4% |
| Profit (loss) for the period before taxes | 9903 | -€132,966 | -€188,288 | -€55,322 | -41.6% |
| Profit (loss) for the period | 9904 | -€132,966 | -€188,288 | -€55,322 | -41.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€132,966 | -€188,288 | -€55,322 | -41.6% |
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.