SPEED SEUIL: 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 SEUIL
Largest movements
- Stocks and contracts +€14,872
up €14,872 (+45.6%), from €32,628 to €47,500
- Cash -€12,210
down €12,210 (-27.7%), from €44,070 to €31,860
mainly Contributions, distributions and other (-€32,500) and Stocks and contracts (-€14,872)
- Receivables within one year +€6,752
up €6,752 (+1649.2%), from €409 to €7,162
- Profit (loss) carried forward +€10,035
up €10,035 (+23.5%), from €42,664 to €52,698
- Tax, wage and social debts +€7,901
up €7,901 (+42.8%), from €18,450 to €26,351
- Current portion of long-term debt -€4,873
down €4,873 (-56.4%), from €8,633 to €3,760
- Debts after one year -€3,760
no longer reported in 2025 (was €3,760)
- Gross operating margin +€33,981
up €33,981 (+151.9%), from €22,367 to €56,348
- Taxes +€8,924
up €8,924 (+169.0%), from €5,281 to €14,205
- Financial income +€1,208
up €1,208 (+225.0%), from €537 to €1,745
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 | €77,107 | €86,521 | +€9,414 | +12.2% |
| Current assets | 29/58 | €77,107 | €86,521 | +€9,414 | +12.2% |
| Stocks and contracts in progress | 3 | €32,628 | €47,500 | +€14,872 | +45.6% |
| Stocks | 30/36 | €32,628 | €47,500 | +€14,872 | +45.6% |
| Amounts receivable within one year | 40/41 | €409 | €7,162 | +€6,752 | +1649.2% |
| Trade receivables | 40 | €409 | €7,162 | +€6,752 | +1649.2% |
| Cash at bank and in hand | 54/58 | €44,070 | €31,860 | -€12,210 | -27.7% |
| Total equity and liabilities | 10/49 | €77,107 | €86,521 | +€9,414 | +12.2% |
| Equity | 10/15 | €45,664 | €55,698 | +€10,035 | +22.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €42,664 | €52,698 | +€10,035 | +23.5% |
| Amounts payable | 17/49 | €31,443 | €30,823 | -€620 | -2.0% |
| Amounts payable after more than one year | 17 | €3,760 | - | -€3,760 | |
| Financial debts | 170/4 | €3,760 | - | -€3,760 | |
| Amounts payable within one year | 42/48 | €27,683 | €30,823 | +€3,140 | +11.3% |
| Current portion of amounts payable after more than one year | 42 | €8,633 | €3,760 | -€4,873 | -56.4% |
| Trade debts | 44 | €600 | €476 | -€124 | -20.7% |
| Suppliers | 440/4 | €600 | €476 | -€124 | -20.7% |
| Taxes, remuneration and social security | 45 | €18,450 | €26,351 | +€7,901 | +42.8% |
| Taxes | 450/3 | €18,450 | €26,351 | +€7,901 | +42.8% |
| Other amounts payable | 47/48 | - | €236 | +€236 | |
| Other operating charges | 640/8 | €524 | €537 | +€12 | +2.4% |
| Gross operating margin | 9900 | €22,367 | €56,348 | +€33,981 | +151.9% |
| Operating profit (loss) | 9901 | €21,843 | €55,812 | +€33,969 | +155.5% |
| Financial income | 75/76B | €537 | €1,745 | +€1,208 | +225.0% |
| Recurring financial income | 75 | €537 | €1,745 | +€1,208 | +225.0% |
| Financial charges | 65/66B | €1,257 | €818 | -€439 | -35.0% |
| Recurring financial charges | 65 | €1,257 | €818 | -€439 | -35.0% |
| Profit (loss) for the period before taxes | 9903 | €21,123 | €56,739 | +€35,616 | +168.6% |
| Income taxes | 67/77 | €5,281 | €14,205 | +€8,924 | +169.0% |
| Profit (loss) for the period | 9904 | €15,842 | €42,535 | +€26,692 | +168.5% |
| Profit (loss) for the period to be appropriated | 9905 | €15,842 | €42,535 | +€26,692 | +168.5% |
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 9 October 2026 via checked.be.