SPEED WORK: 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 WORK
Largest movements
- Receivables within one year -€15,163
down €15,163 (-19.1%), from €79,564 to €64,401
of which Trade receivables: -€19,285
- Current investments +€1,319
new in 2025: €1,319
- Cash -€860
no longer reported in 2025 (was €860)
mainly Other debts (-€13,651) and Trade debts (-€4,766)
- Other debts -€13,651
no longer reported in 2025 (was €13,651)
- Trade debts -€4,766
down €4,766 (-52.3%), from €9,115 to €4,349
- Accrued charges and deferred income +€3,497
new in 2025: €3,497
- Gross operating margin +€21,787
up €21,787, from -€19,209 to €2,578
- Depreciation -€5,877
down €5,877 (-96.2%), from €6,109 to €232
- Purchases and services +€3,709
up €3,709 (+18.0%), from €20,658 to €24,367
- Write-downs +€2,446
up €2,446 (+149%), from €1,644 to €4,090
- Financial income -€593
down €593 (-24.4%), from €2,431 to €1,838
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 | €80,656 | €65,720 | -€14,936 | -18.5% |
| Fixed assets | 21/28 | €232 | - | -€232 | |
| Tangible fixed assets | 22/27 | €232 | - | -€232 | |
| Furniture and vehicles | 24 | €232 | - | -€232 | |
| Current assets | 29/58 | €80,424 | €65,720 | -€14,704 | -18.3% |
| Amounts receivable within one year | 40/41 | €79,564 | €64,401 | -€15,163 | -19.1% |
| Trade receivables | 40 | €27,815 | €8,530 | -€19,285 | -69.3% |
| Other amounts receivable | 41 | €51,749 | €55,871 | +€4,122 | +8.0% |
| Current investments | 50/53 | - | €1,319 | +€1,319 | |
| Cash at bank and in hand | 54/58 | €860 | - | -€860 | |
| Total equity and liabilities | 10/49 | €80,656 | €65,720 | -€14,936 | -18.5% |
| Equity | 10/15 | €57,890 | €57,874 | -€16 | 0.0% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Capital | 10 | €30,000 | €30,000 | = | 0.0% |
| Issued capital | 100 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €3,000 | €3,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,000 | €3,000 | = | 0.0% |
| Legal reserve | 130 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €24,890 | €24,874 | -€16 | -0.1% |
| Amounts payable | 17/49 | €22,766 | €7,846 | -€14,920 | -65.5% |
| Amounts payable within one year | 42/48 | €22,766 | €4,349 | -€18,417 | -80.9% |
| Trade debts | 44 | €9,115 | €4,349 | -€4,766 | -52.3% |
| Suppliers | 440/4 | €9,115 | €4,349 | -€4,766 | -52.3% |
| Other amounts payable | 47/48 | €13,651 | - | -€13,651 | |
| Accrued charges and deferred income | 492/3 | - | €3,497 | +€3,497 | |
| Non-recurring operating income | 76A | €1,449 | €26,945 | +€25,496 | +1,760% |
| Goods, raw materials, services and sundry goods | 60/61 | €20,658 | €24,367 | +€3,709 | +18.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,109 | €232 | -€5,877 | -96.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,644 | €4,090 | +€2,446 | +149% |
| Gross operating margin | 9900 | -€19,209 | €2,578 | +€21,787 | |
| Operating profit (loss) | 9901 | -€26,962 | -€1,744 | +€25,218 | +93.5% |
| Financial income | 75/76B | €2,431 | €1,838 | -€593 | -24.4% |
| Recurring financial income | 75 | €2,431 | €1,838 | -€593 | -24.4% |
| Financial charges | 65/66B | €54 | €110 | +€56 | +104% |
| Recurring financial charges | 65 | €54 | €110 | +€56 | +104% |
| Profit (loss) for the period before taxes | 9903 | -€24,585 | -€16 | +€24,569 | +99.9% |
| Income taxes | 67/77 | €7 | - | -€7 | |
| Profit (loss) for the period | 9904 | -€24,592 | -€16 | +€24,576 | +99.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€24,592 | -€16 | +€24,576 | +99.9% |
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 17 October 2026 via checked.be.