SPEEDERO: 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.
SPEEDERO
Largest movements
- Receivables within one year -€735,304
down €735,304 (-42.5%), from €1.7m to €995,461
of which Trade receivables: -€813,050
- Current investments +€205,660
up €205,660 (+65.1%), from €316,078 to €521,739
- Cash +€194,191
up €194,191 (+339.0%), from €57,282 to €251,473
mainly Net result for the year (+€789,942) and Receivables within one year (+€735,304)
- Tangible fixed assets -€38,680
down €38,680 (-4.3%), from €897,335 to €858,655
of which Land and buildings: -€32,316
- Reserves -€315,750
down €315,750 (-31.5%), from €1.0m to €685,150
of which Tax-exempt reserves: -€315,750
- Debts after one year -€64,526
down €64,526 (-16.0%), from €404,355 to €339,829
- Gross operating margin -€864,134
down €864,134 (-43.2%), from €2.0m to €1.1m
- Taxes -€200,063
down €200,063 (-43.7%), from €457,938 to €257,875
- Staff costs -€44,259
down €44,259 (-57.9%), from €76,478 to €32,219
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 | €3,004,200 | €2,630,173 | -€374,028 | -12.5% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €897,485 | €858,805 | -€38,680 | -4.3% |
| Tangible fixed assets | 22/27 | €897,335 | €858,655 | -€38,680 | -4.3% |
| Land and buildings | 22 | €879,243 | €846,927 | -€32,316 | -3.7% |
| Furniture and vehicles | 24 | €18,092 | €11,728 | -€6,364 | -35.2% |
| Financial fixed assets | 28 | €150 | €150 | = | 0.0% |
| Current assets | 29/58 | €2,106,715 | €1,771,368 | -€335,348 | -15.9% |
| Amounts receivable within one year | 40/41 | €1,730,765 | €995,461 | -€735,304 | -42.5% |
| Trade receivables | 40 | €1,697,299 | €884,249 | -€813,050 | -47.9% |
| Other amounts receivable | 41 | €33,466 | €111,211 | +€77,746 | +232.3% |
| Current investments | 50/53 | €316,078 | €521,739 | +€205,660 | +65.1% |
| Cash at bank and in hand | 54/58 | €57,282 | €251,473 | +€194,191 | +339.0% |
| Deferred charges and accrued income | 490/1 | €2,591 | €2,696 | +€105 | +4.1% |
| Total equity and liabilities | 10/49 | €3,004,200 | €2,630,173 | -€374,028 | -12.5% |
| Equity | 10/15 | €1,250,900 | €935,150 | -€315,750 | -25.2% |
| Contributions | 10/11 | €250,000 | €250,000 | = | 0.0% |
| Reserves | 13 | €1,000,900 | €685,150 | -€315,750 | -31.5% |
| Tax-exempt reserves | 132 | €652,550 | €336,800 | -€315,750 | -48.4% |
| Distributable reserves | 133 | €348,350 | €348,350 | = | 0.0% |
| Amounts payable | 17/49 | €1,753,301 | €1,695,023 | -€58,278 | -3.3% |
| Amounts payable after more than one year | 17 | €404,355 | €339,829 | -€64,526 | -16.0% |
| Financial debts | 170/4 | €404,355 | €339,829 | -€64,526 | -16.0% |
| Amounts payable within one year | 42/48 | €1,348,927 | €1,355,194 | +€6,268 | +0.5% |
| Current portion of amounts payable after more than one year | 42 | €63,782 | €64,526 | +€744 | +1.2% |
| Trade debts | 44 | €6,452 | €5,932 | -€521 | -8.1% |
| Suppliers | 440/4 | €6,452 | €5,932 | -€521 | -8.1% |
| Taxes, remuneration and social security | 45 | €41,126 | €18,663 | -€22,462 | -54.6% |
| Taxes | 450/3 | €26,129 | €15,023 | -€11,106 | -42.5% |
| Remuneration and social security | 454/9 | €14,997 | €3,641 | -€11,356 | -75.7% |
| Other amounts payable | 47/48 | €1,237,566 | €1,266,073 | +€28,507 | +2.3% |
| Accrued charges and deferred income | 492/3 | €19 | €0 | -€19 | -100.0% |
| Turnover | 70 | - | €0 | = | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €0 | = | |
| Remuneration, social security and pensions | 62 | €76,478 | €32,219 | -€44,259 | -57.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,244 | €43,520 | -€724 | -1.6% |
| Other operating charges | 640/8 | €4,263 | €5,701 | +€1,438 | +33.7% |
| Gross operating margin | 9900 | €1,998,101 | €1,133,967 | -€864,134 | -43.2% |
| Operating profit (loss) | 9901 | €1,873,116 | €1,052,527 | -€820,589 | -43.8% |
| Financial income | 75/76B | €101 | €9,642 | +€9,542 | +9477.3% |
| Recurring financial income | 75 | €101 | €9,642 | +€9,542 | +9477.3% |
| Financial charges | 65/66B | €15,038 | €14,353 | -€685 | -4.6% |
| Recurring financial charges | 65 | €15,038 | €14,353 | -€685 | -4.6% |
| Profit (loss) for the period before taxes | 9903 | €1,858,179 | €1,047,817 | -€810,362 | -43.6% |
| Income taxes | 67/77 | €457,938 | €257,875 | -€200,063 | -43.7% |
| Profit (loss) for the period | 9904 | €1,400,241 | €789,942 | -€610,299 | -43.6% |
| Transfer from tax-exempt reserves | 789 | - | €315,750 | +€315,750 | |
| Transfer to tax-exempt reserves | 689 | €336,800 | - | -€336,800 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,063,441 | €1,105,692 | +€42,251 | +4.0% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.