SPEED ROAD: 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 ROAD
Largest movements
- Cash +€18,928
up €18,928 (+61.9%), from €30,598 to €49,526
mainly Net result for the year (+€38,862) and Depreciation (+€2,276)
- Receivables within one year +€12,562
up €12,562 (+31.9%), from €39,409 to €51,971
of which Trade receivables: +€6,292
- Profit (loss) carried forward +€38,862
up €38,862 (+28.6%), from €135,692 to €174,554
- Tax, wage and social debts -€7,458
down €7,458 (-27.0%), from €27,592 to €20,134
- Gross operating margin +€21,253
up €21,253 (+54.0%), from €39,370 to €60,622
- Taxes +€5,444
up €5,444 (+50.4%), from €10,801 to €16,245
- Financial charges +€1,161
up €1,161 (+64.9%), from €1,788 to €2,949
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 | €172,188 | €204,412 | +€32,224 | +18.7% |
| Fixed assets | 21/28 | €102,129 | €101,273 | -€857 | -0.8% |
| Tangible fixed assets | 22/27 | €5,629 | €4,773 | -€857 | -15.2% |
| Land and buildings | 22 | €2,261 | €1,708 | -€554 | -24.5% |
| Plant, machinery and equipment | 23 | €926 | €179 | -€746 | -80.7% |
| Furniture and vehicles | 24 | €1,866 | €2,522 | +€656 | +35.2% |
| Other tangible fixed assets | 26 | €577 | €364 | -€213 | -36.9% |
| Financial fixed assets | 28 | €96,500 | €96,500 | = | 0.0% |
| Current assets | 29/58 | €70,059 | €103,139 | +€33,081 | +47.2% |
| Amounts receivable within one year | 40/41 | €39,409 | €51,971 | +€12,562 | +31.9% |
| Trade receivables | 40 | €31,405 | €37,697 | +€6,292 | +20.0% |
| Other amounts receivable | 41 | €8,004 | €14,274 | +€6,270 | +78.3% |
| Cash at bank and in hand | 54/58 | €30,598 | €49,526 | +€18,928 | +61.9% |
| Deferred charges and accrued income | 490/1 | €52 | €1,642 | +€1,590 | +3058.0% |
| Total equity and liabilities | 10/49 | €172,188 | €204,412 | +€32,224 | +18.7% |
| Equity | 10/15 | €143,752 | €182,614 | +€38,862 | +27.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 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 | |
| Own shares acquired | 1312 | - | €1,860 | +€1,860 | |
| Profit (loss) carried forward | 14 | €135,692 | €174,554 | +€38,862 | +28.6% |
| Amounts payable | 17/49 | €28,436 | €21,798 | -€6,638 | -23.3% |
| Amounts payable within one year | 42/48 | €28,436 | €21,798 | -€6,638 | -23.3% |
| Trade debts | 44 | €844 | €1,664 | +€820 | +97.1% |
| Suppliers | 440/4 | €844 | €1,664 | +€820 | +97.1% |
| Taxes, remuneration and social security | 45 | €27,592 | €20,134 | -€7,458 | -27.0% |
| Taxes | 450/3 | €27,592 | €20,134 | -€7,458 | -27.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,047 | €2,276 | +€230 | +11.2% |
| Other operating charges | 640/8 | €865 | €894 | +€29 | +3.3% |
| Gross operating margin | 9900 | €39,370 | €60,622 | +€21,253 | +54.0% |
| Operating profit (loss) | 9901 | €36,458 | €57,452 | +€20,994 | +57.6% |
| Financial income | 75/76B | €506 | €604 | +€98 | +19.3% |
| Recurring financial income | 75 | €506 | €604 | +€98 | +19.3% |
| Financial charges | 65/66B | €1,788 | €2,949 | +€1,161 | +64.9% |
| Recurring financial charges | 65 | €1,788 | €2,949 | +€1,161 | +64.9% |
| Profit (loss) for the period before taxes | 9903 | €35,176 | €55,107 | +€19,931 | +56.7% |
| Income taxes | 67/77 | €10,801 | €16,245 | +€5,444 | +50.4% |
| Profit (loss) for the period | 9904 | €24,375 | €38,862 | +€14,487 | +59.4% |
| Profit (loss) for the period to be appropriated | 9905 | €24,375 | €38,862 | +€14,487 | +59.4% |
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 6 October 2026 via checked.be.