SpeedForce: what changed
Two fiscal 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.
SpeedForce
Largest movements
- Receivables within one year +€563,932
up €563,932 (+168.3%), from €335,011 to €898,942
- Stocks and contracts +€312,415
up €312,415 (+46.4%), from €674,000 to €986,415
- Cash +€106,709
up €106,709 (+4315.8%), from €2,473 to €109,182
mainly Other debts (+€550,338) and Trade debts (+€309,687)
- Tangible fixed assets +€33,458
up €33,458 (+81.6%), from €40,985 to €74,443
of which Furniture and vehicles: +€29,041
- Other debts +€550,338
up €550,338 (+57.9%), from €950,053 to €1.5m
- Trade debts +€309,687
up €309,687 (+18418.1%), from €1,681 to €311,369
- Tax, wage and social debts +€125,611
up €125,611 (+134.5%), from €93,405 to €219,016
- Profit (loss) carried forward +€28,942
up €28,942, from -€28,942 to €0
- Gross operating margin +€67,729
up €67,729, from -€13,668 to €54,061
- Other operating charges +€7,814
up €7,814 (+199.5%), from €3,916 to €11,731
- Depreciation -€1,329
down €1,329 (-12.7%), from €10,475 to €9,146
- Taxes +€1,300
new in 2025: €1,300
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 | €1,066,198 | €2,083,357 | +€1.0m | +95.4% |
| Fixed assets | 21/28 | €46,985 | €88,818 | +€41,833 | +89.0% |
| Tangible fixed assets | 22/27 | €40,985 | €74,443 | +€33,458 | +81.6% |
| Plant, machinery and equipment | 23 | €3,030 | €7,447 | +€4,417 | +145.8% |
| Furniture and vehicles | 24 | €37,955 | €66,995 | +€29,041 | +76.5% |
| Financial fixed assets | 28 | €6,000 | €14,375 | +€8,375 | +139.6% |
| Current assets | 29/58 | €1,019,213 | €1,994,539 | +€975,326 | +95.7% |
| Stocks and contracts in progress | 3 | €674,000 | €986,415 | +€312,415 | +46.4% |
| Stocks | 30/36 | €674,000 | €986,415 | +€312,415 | +46.4% |
| Amounts receivable within one year | 40/41 | €335,011 | €898,942 | +€563,932 | +168.3% |
| Trade receivables | 40 | €335,011 | €898,942 | +€563,932 | +168.3% |
| Cash at bank and in hand | 54/58 | €2,473 | €109,182 | +€106,709 | +4315.8% |
| Deferred charges and accrued income | 490/1 | €7,730 | €0 | -€7,730 | -100.0% |
| Total equity and liabilities | 10/49 | €1,066,198 | €2,083,357 | +€1.0m | +95.4% |
| Equity | 10/15 | €21,058 | €52,581 | +€31,523 | +149.7% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | - | €2,581 | +€2,581 | |
| Distributable reserves | 133 | - | €2,581 | +€2,581 | |
| Profit (loss) carried forward | 14 | -€28,942 | €0 | +€28,942 | |
| Amounts payable | 17/49 | €1,045,140 | €2,030,776 | +€985,636 | +94.3% |
| Amounts payable within one year | 42/48 | €1,045,140 | €2,030,776 | +€985,636 | +94.3% |
| Trade debts | 44 | €1,681 | €311,369 | +€309,687 | +18418.1% |
| Suppliers | 440/4 | €1,681 | €311,369 | +€309,687 | +18418.1% |
| Taxes, remuneration and social security | 45 | €93,405 | €219,016 | +€125,611 | +134.5% |
| Taxes | 450/3 | €93,405 | €219,016 | +€125,611 | +134.5% |
| Other amounts payable | 47/48 | €950,053 | €1,500,391 | +€550,338 | +57.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,475 | €9,146 | -€1,329 | -12.7% |
| Other operating charges | 640/8 | €3,916 | €11,731 | +€7,814 | +199.5% |
| Gross operating margin | 9900 | -€13,668 | €54,061 | +€67,729 | |
| Operating profit (loss) | 9901 | -€28,059 | €33,184 | +€61,243 | |
| Financial income | 75/76B | €32 | €18 | -€14 | -43.1% |
| Recurring financial income | 75 | €32 | €18 | -€14 | -43.1% |
| Financial charges | 65/66B | €915 | €380 | -€535 | -58.5% |
| Recurring financial charges | 65 | €915 | €380 | -€535 | -58.5% |
| Profit (loss) for the period before taxes | 9903 | -€28,942 | €32,823 | +€61,764 | |
| Income taxes | 67/77 | - | €1,300 | +€1,300 | |
| Profit (loss) for the period | 9904 | -€28,942 | €31,523 | +€60,464 | |
| Profit (loss) for the period to be appropriated | 9905 | -€28,942 | €31,523 | +€60,464 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.