SPEEDFRESH: 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.
SPEEDFRESH
Largest movements
- Receivables within one year +€44,444
up €44,444 (+39.3%), from €113,020 to €157,464
of which Trade receivables: +€35,822
- Cash -€28,078
down €28,078 (-30.1%), from €93,363 to €65,284
mainly Contributions, distributions and other (-€90,000) and Receivables within one year (-€44,444)
- Tangible fixed assets -€3,398
down €3,398 (-63.0%), from €5,394 to €1,996
- Other debts +€55,820
up €55,820 (+92.2%), from €60,517 to €116,337
- Tax, wage and social debts -€30,672
down €30,672 (-45.0%), from €68,087 to €37,415
of which Remuneration and social security: -€39,574
- Profit (loss) carried forward -€21,406
down €21,406 (-45.6%), from €46,924 to €25,518
- Trade debts +€6,627
up €6,627 (+32.7%), from €20,250 to €26,877
- Staff costs -€56,629
down €56,629 (-47.9%), from €118,340 to €61,711
- Depreciation -€12,724
down €12,724 (-82.1%), from €15,507 to €2,783
- Taxes +€11,252
up €11,252 (+269.3%), from €4,178 to €15,431
- Gross operating margin -€6,721
down €6,721 (-4.2%), from €161,793 to €155,072
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 | €254,239 | €264,607 | +€10,369 | +4.1% |
| Fixed assets | 21/28 | €45,257 | €41,859 | -€3,398 | -7.5% |
| Tangible fixed assets | 22/27 | €5,394 | €1,996 | -€3,398 | -63.0% |
| Furniture and vehicles | 24 | €5,394 | €1,996 | -€3,398 | -63.0% |
| Financial fixed assets | 28 | €39,863 | €39,863 | = | 0.0% |
| Current assets | 29/58 | €208,982 | €222,748 | +€13,767 | +6.6% |
| Amounts receivable within one year | 40/41 | €113,020 | €157,464 | +€44,444 | +39.3% |
| Trade receivables | 40 | €106,794 | €142,616 | +€35,822 | +33.5% |
| Other amounts receivable | 41 | €6,226 | €14,848 | +€8,622 | +138.5% |
| Cash at bank and in hand | 54/58 | €93,363 | €65,284 | -€28,078 | -30.1% |
| Deferred charges and accrued income | 490/1 | €2,599 | - | -€2,599 | |
| Total equity and liabilities | 10/49 | €254,239 | €264,607 | +€10,369 | +4.1% |
| Equity | 10/15 | €105,384 | €83,978 | -€21,406 | -20.3% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €38,000 | €38,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €38,000 | €38,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €46,924 | €25,518 | -€21,406 | -45.6% |
| Amounts payable | 17/49 | €148,854 | €180,630 | +€31,775 | +21.3% |
| Amounts payable within one year | 42/48 | €148,854 | €180,630 | +€31,775 | +21.3% |
| Trade debts | 44 | €20,250 | €26,877 | +€6,627 | +32.7% |
| Suppliers | 440/4 | €20,250 | €26,877 | +€6,627 | +32.7% |
| Taxes, remuneration and social security | 45 | €68,087 | €37,415 | -€30,672 | -45.0% |
| Taxes | 450/3 | €23,635 | €32,537 | +€8,902 | +37.7% |
| Remuneration and social security | 454/9 | €44,452 | €4,878 | -€39,574 | -89.0% |
| Other amounts payable | 47/48 | €60,517 | €116,337 | +€55,820 | +92.2% |
| Remuneration, social security and pensions | 62 | €118,340 | €61,711 | -€56,629 | -47.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,507 | €2,783 | -€12,724 | -82.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €1,320 | +€1,320 | |
| Other operating charges | 640/8 | €5,303 | €4,441 | -€862 | -16.2% |
| Gross operating margin | 9900 | €161,793 | €155,072 | -€6,721 | -4.2% |
| Operating profit (loss) | 9901 | €22,643 | €84,817 | +€62,174 | +274.6% |
| Financial charges | 65/66B | €694 | €793 | +€98 | +14.1% |
| Recurring financial charges | 65 | €694 | €793 | +€98 | +14.1% |
| Profit (loss) for the period before taxes | 9903 | €21,949 | €84,024 | +€62,076 | +282.8% |
| Income taxes | 67/77 | €4,178 | €15,431 | +€11,252 | +269.3% |
| Profit (loss) for the period | 9904 | €17,770 | €68,594 | +€50,823 | +286.0% |
| Profit (loss) for the period to be appropriated | 9905 | €17,770 | €68,594 | +€50,823 | +286.0% |
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 11 October 2026 via checked.be.