SPEED TEC: 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 TEC
Largest movements
- Tangible fixed assets +€63,278
up €63,278 (+431%), from €14,694 to €77,973
of which Furniture and vehicles: +€64,042
- Receivables within one year +€19,392
up €19,392 (+29.6%), from €65,452 to €84,844
of which Other amounts receivable: +€32,703
- Cash -€13,394
down €13,394 (-47.0%), from €28,478 to €15,084
mainly Investment in fixed assets (net) (-€72,150) and Contributions, distributions and other (-€34,000)
- Deferred charges and accrued income -€2,395
down €2,395 (-62.9%), from €3,808 to €1,412
- Debts after one year +€71,000
new in 2025: €71,000
- Trade debts -€5,827
down €5,827 (-22.1%), from €26,343 to €20,516
- Gross operating margin +€13,837
up €13,837 (+7.0%), from €198,692 to €212,529
- Staff costs +€11,298
up €11,298 (+8.6%), from €131,245 to €142,543
- Financial charges +€3,376
up €3,376 (+178%), from €1,901 to €5,277
- Depreciation +€2,313
up €2,313 (+35.3%), from €6,558 to €8,872
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 | €112,431 | €179,312 | +€66,881 | +59.5% |
| Fixed assets | 21/28 | €14,694 | €77,973 | +€63,278 | +431% |
| Tangible fixed assets | 22/27 | €14,694 | €77,973 | +€63,278 | +431% |
| Plant, machinery and equipment | 23 | €1,942 | €1,178 | -€764 | -39.3% |
| Furniture and vehicles | 24 | €12,753 | €76,795 | +€64,042 | +502% |
| Current assets | 29/58 | €97,737 | €101,340 | +€3,603 | +3.7% |
| Amounts receivable within one year | 40/41 | €65,452 | €84,844 | +€19,392 | +29.6% |
| Trade receivables | 40 | €58,452 | €45,141 | -€13,311 | -22.8% |
| Other amounts receivable | 41 | €7,000 | €39,703 | +€32,703 | +467% |
| Cash at bank and in hand | 54/58 | €28,478 | €15,084 | -€13,394 | -47.0% |
| Deferred charges and accrued income | 490/1 | €3,808 | €1,412 | -€2,395 | -62.9% |
| Total equity and liabilities | 10/49 | €112,431 | €179,312 | +€66,881 | +59.5% |
| Equity | 10/15 | €29,571 | €31,307 | +€1,736 | +5.9% |
| 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 | €9,111 | €10,847 | +€1,736 | +19.1% |
| Amounts payable | 17/49 | €82,860 | €148,005 | +€65,145 | +78.6% |
| Amounts payable after more than one year | 17 | - | €71,000 | +€71,000 | |
| Financial debts | 170/4 | - | €71,000 | +€71,000 | |
| Amounts payable within one year | 42/48 | €82,860 | €77,005 | -€5,855 | -7.1% |
| Current portion of amounts payable after more than one year | 42 | €1,575 | €1,596 | +€20 | +1.3% |
| Financial debts | 43 | €106 | €348 | +€241 | +227% |
| Credit institutions | 430/8 | €106 | €348 | +€241 | +227% |
| Trade debts | 44 | €26,343 | €20,516 | -€5,827 | -22.1% |
| Suppliers | 440/4 | €26,343 | €20,516 | -€5,827 | -22.1% |
| Taxes, remuneration and social security | 45 | €54,085 | €54,546 | +€460 | +0.9% |
| Taxes | 450/3 | €37,121 | €36,230 | -€891 | -2.4% |
| Remuneration and social security | 454/9 | €16,964 | €18,315 | +€1,351 | +8.0% |
| Other amounts payable | 47/48 | €750 | - | -€750 | |
| Remuneration, social security and pensions | 62 | €131,245 | €142,543 | +€11,298 | +8.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,558 | €8,872 | +€2,313 | +35.3% |
| Other operating charges | 640/8 | €11,261 | €12,215 | +€954 | +8.5% |
| Gross operating margin | 9900 | €198,692 | €212,529 | +€13,837 | +7.0% |
| Operating profit (loss) | 9901 | €49,628 | €48,899 | -€729 | -1.5% |
| Financial income | 75/76B | €578 | €1,667 | +€1,089 | +189% |
| Recurring financial income | 75 | €578 | €1,667 | +€1,089 | +189% |
| Financial charges | 65/66B | €1,901 | €5,277 | +€3,376 | +178% |
| Recurring financial charges | 65 | €1,901 | €5,277 | +€3,376 | +178% |
| Profit (loss) for the period before taxes | 9903 | €48,304 | €45,289 | -€3,015 | -6.2% |
| Income taxes | 67/77 | €10,713 | €9,553 | -€1,160 | -10.8% |
| Profit (loss) for the period | 9904 | €37,591 | €35,736 | -€1,855 | -4.9% |
| Profit (loss) for the period to be appropriated | 9905 | €37,591 | €35,736 | -€1,855 | -4.9% |
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 19 October 2026 via checked.be.