SPEED WASH: 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 WASH
Largest movements
- Tangible fixed assets -€30,382
down €30,382 (-64.7%), from €46,954 to €16,572
of which Leasing and similar rights: -€33,271
- Receivables within one year +€16,234
up €16,234 (+13.7%), from €118,181 to €134,415
of which Trade receivables: +€72,432
- Cash -€6,381
down €6,381 (-88.3%), from €7,229 to €848
- Financial fixed assets -€2,000
down €2,000 (-34.0%), from €5,890 to €3,890
- Trade debts +€83,371
up €83,371 (+730%), from €11,426 to €94,797
- Advances received -€40,247
down €40,247 (-59.7%), from €67,449 to €27,202
- Profit (loss) carried forward -€32,944
down €32,944, from €8,223 to -€24,721
- Debts after one year -€31,695
down €31,695 (-98.0%), from €32,346 to €651
- Tax, wage and social debts -€9,138
down €9,138 (-21.7%), from €42,111 to €32,973
of which Taxes: -€4,805
- Staff costs -€45,747
down €45,747 (-90.5%), from €50,554 to €4,807
- Gross operating margin -€41,239
down €41,239 (-56.8%), from €72,590 to €31,351
- Financial income -€4,333
down €4,333 (-100.0%), from €4,334 to €1
- Taxes -€4,079
no longer reported in 2024 (was €4,079)
- Other operating charges -€1,622
down €1,622 (-35.4%), from €4,579 to €2,957
From the 2022 result to the 2024 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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2022 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €178,254 | €155,725 | -€22,529 | -12.6% |
| Fixed assets | 21/28 | €52,844 | €20,462 | -€32,382 | -61.3% |
| Tangible fixed assets | 22/27 | €46,954 | €16,572 | -€30,382 | -64.7% |
| Furniture and vehicles | 24 | €13,683 | €16,572 | +€2,889 | +21.1% |
| Leasing and similar rights | 25 | €33,271 | - | -€33,271 | |
| Financial fixed assets | 28 | €5,890 | €3,890 | -€2,000 | -34.0% |
| Current assets | 29/58 | €125,410 | €135,263 | +€9,853 | +7.9% |
| Amounts receivable within one year | 40/41 | €118,181 | €134,415 | +€16,234 | +13.7% |
| Trade receivables | 40 | €56,582 | €129,014 | +€72,432 | +128% |
| Other amounts receivable | 41 | €61,598 | €5,401 | -€56,198 | -91.2% |
| Cash at bank and in hand | 54/58 | €7,229 | €848 | -€6,381 | -88.3% |
| Total equity and liabilities | 10/49 | €178,254 | €155,725 | -€22,529 | -12.6% |
| Equity | 10/15 | €21,049 | -€7,395 | -€28,444 | |
| Contributions | 10/11 | €11,450 | €15,950 | +€4,500 | +39.3% |
| Reserves | 13 | €1,377 | €1,377 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,377 | €1,377 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,377 | €1,377 | = | 0.0% |
| Profit (loss) carried forward | 14 | €8,223 | -€24,721 | -€32,944 | |
| Amounts payable | 17/49 | €157,205 | €163,120 | +€5,915 | +3.8% |
| Amounts payable after more than one year | 17 | €32,346 | €651 | -€31,695 | -98.0% |
| Financial debts | 170/4 | €32,346 | €651 | -€31,695 | -98.0% |
| Amounts payable within one year | 42/48 | €124,859 | €162,468 | +€37,609 | +30.1% |
| Current portion of amounts payable after more than one year | 42 | €3,874 | €7,497 | +€3,623 | +93.5% |
| Trade debts | 44 | €11,426 | €94,797 | +€83,371 | +730% |
| Suppliers | 440/4 | €11,426 | €94,797 | +€83,371 | +730% |
| Advances received on contracts in progress | 46 | €67,449 | €27,202 | -€40,247 | -59.7% |
| Taxes, remuneration and social security | 45 | €42,111 | €32,973 | -€9,138 | -21.7% |
| Taxes | 450/3 | €36,192 | €31,387 | -€4,805 | -13.3% |
| Remuneration and social security | 454/9 | €5,919 | €1,586 | -€4,333 | -73.2% |
| Non-recurring operating income | 76A | €3,900 | - | -€3,900 | |
| Remuneration, social security and pensions | 62 | €50,554 | €4,807 | -€45,747 | -90.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,746 | €10,744 | +€999 | +10.2% |
| Other operating charges | 640/8 | €4,579 | €2,957 | -€1,622 | -35.4% |
| Gross operating margin | 9900 | €72,590 | €31,351 | -€41,239 | -56.8% |
| Operating profit (loss) | 9901 | €7,711 | €12,842 | +€5,130 | +66.5% |
| Financial income | 75/76B | €4,334 | €1 | -€4,333 | -100.0% |
| Recurring financial income | 75 | €4,334 | €1 | -€4,333 | -100.0% |
| Financial charges | 65/66B | €1,464 | €1,678 | +€214 | +14.6% |
| Recurring financial charges | 65 | €1,464 | €1,678 | +€214 | +14.6% |
| Profit (loss) for the period before taxes | 9903 | €10,581 | €11,165 | +€584 | +5.5% |
| Income taxes | 67/77 | €4,079 | - | -€4,079 | |
| Profit (loss) for the period | 9904 | €6,503 | €11,165 | +€4,663 | +71.7% |
| Profit (loss) for the period to be appropriated | 9905 | €6,503 | €11,165 | +€4,663 | +71.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2022 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.