SPEEDEXSA: 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.
SPEEDEXSA
Largest movements
- Receivables within one year -€243,539
down €243,539 (-45.6%), from €533,573 to €290,034
of which Trade receivables: -€192,447
- Cash -€42,567
down €42,567 (-85.6%), from €49,702 to €7,136
- Deferred charges and accrued income -€8,184
down €8,184 (-71.0%), from €11,522 to €3,339
- Trade debts -€269,940
down €269,940 (-93.2%), from €289,714 to €19,775
- Tax, wage and social debts -€29,705
down €29,705 (-91.0%), from €32,638 to €2,932
of which Remuneration and social security: -€28,811
- Gross operating margin +€60,437
up €60,437 (+14.6%), from €414,578 to €475,015
- Staff costs +€41,378
up €41,378 (+10.2%), from €404,714 to €446,093
- Financial charges +€13,563
up €13,563 (+120.6%), from €11,247 to €24,811
From the 2023 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
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 | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €601,287 | €306,013 | -€295,274 | -49.1% |
| Fixed assets | 21/28 | €6,490 | €5,505 | -€985 | -15.2% |
| Financial fixed assets | 28 | €6,490 | €5,505 | -€985 | -15.2% |
| Current assets | 29/58 | €594,798 | €300,509 | -€294,289 | -49.5% |
| Amounts receivable within one year | 40/41 | €533,573 | €290,034 | -€243,539 | -45.6% |
| Trade receivables | 40 | €480,629 | €288,182 | -€192,447 | -40.0% |
| Other amounts receivable | 41 | €52,944 | €1,852 | -€51,091 | -96.5% |
| Cash at bank and in hand | 54/58 | €49,702 | €7,136 | -€42,567 | -85.6% |
| Deferred charges and accrued income | 490/1 | €11,522 | €3,339 | -€8,184 | -71.0% |
| Total equity and liabilities | 10/49 | €601,287 | €306,013 | -€295,274 | -49.1% |
| Equity | 10/15 | €39,935 | €40,359 | +€424 | +1.1% |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Capital | 10 | €75,000 | €75,000 | = | 0.0% |
| Issued capital | 100 | €75,000 | €75,000 | = | 0.0% |
| Reserves | 13 | €15,889 | €15,889 | = | 0.0% |
| Non-distributable reserves | 130/1 | €7,500 | €7,500 | = | 0.0% |
| Legal reserve | 130 | €7,500 | €7,500 | = | 0.0% |
| Tax-exempt reserves | 132 | €8,389 | €8,389 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€50,953 | -€50,529 | +€424 | +0.8% |
| Amounts payable | 17/49 | €561,352 | €265,654 | -€295,698 | -52.7% |
| Amounts payable within one year | 42/48 | €561,352 | €265,654 | -€295,698 | -52.7% |
| Financial debts | 43 | €120,000 | €123,947 | +€3,947 | +3.3% |
| Credit institutions | 430/8 | €120,000 | €123,947 | +€3,947 | +3.3% |
| Trade debts | 44 | €289,714 | €19,775 | -€269,940 | -93.2% |
| Suppliers | 440/4 | €289,714 | €19,775 | -€269,940 | -93.2% |
| Taxes, remuneration and social security | 45 | €32,638 | €2,932 | -€29,705 | -91.0% |
| Taxes | 450/3 | €1,550 | €656 | -€894 | -57.7% |
| Remuneration and social security | 454/9 | €31,087 | €2,276 | -€28,811 | -92.7% |
| Other amounts payable | 47/48 | €119,000 | €119,000 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €404,714 | €446,093 | +€41,378 | +10.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €3,000 | €0 | -€3,000 | -100.0% |
| Other operating charges | 640/8 | €1,304 | €3,733 | +€2,429 | +186.3% |
| Gross operating margin | 9900 | €414,578 | €475,015 | +€60,437 | +14.6% |
| Operating profit (loss) | 9901 | €5,560 | €25,190 | +€19,630 | +353.1% |
| Financial income | 75/76B | €806 | €45 | -€761 | -94.4% |
| Recurring financial income | 75 | €806 | €45 | -€761 | -94.4% |
| Financial charges | 65/66B | €11,247 | €24,811 | +€13,563 | +120.6% |
| Recurring financial charges | 65 | €11,247 | €24,811 | +€13,563 | +120.6% |
| Profit (loss) for the period before taxes | 9903 | -€4,882 | €424 | +€5,306 | |
| Profit (loss) for the period | 9904 | -€4,882 | €424 | +€5,306 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,882 | €424 | +€5,306 |
Source: filed annual accounts (NBB), financial years ended 30 September 2023 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.