SPEEDGLASS: 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.
SPEEDGLASS
Largest movements
- Tangible fixed assets +€104,111
up €104,111 (+24.8%), from €419,549 to €523,660
of which Land and buildings: +€104,379
- Debts after one year +€137,421
up €137,421 (+93.4%), from €147,093 to €284,515
- Current portion of long-term debt -€46,086
down €46,086 (-89.1%), from €51,723 to €5,637
- Profit (loss) carried forward +€11,032
up €11,032 (+22.7%), from €48,527 to €59,559
- Gross operating margin +€29,826
up €29,826 (+45.3%), from €65,839 to €95,666
- Depreciation +€20,968
up €20,968 (+126%), from €16,675 to €37,643
- Other operating charges -€17,594
down €17,594 (-58.2%), from €30,223 to €12,630
- Financial charges -€2,908
down €2,908 (-9.0%), from €32,179 to €29,271
- Taxes +€2,448
up €2,448 (+92.7%), from €2,641 to €5,089
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 | €435,924 | €540,125 | +€104,201 | +23.9% |
| Fixed assets | 21/28 | €421,072 | €525,184 | +€104,111 | +24.7% |
| Tangible fixed assets | 22/27 | €419,549 | €523,660 | +€104,111 | +24.8% |
| Land and buildings | 22 | €418,745 | €523,124 | +€104,379 | +24.9% |
| Plant, machinery and equipment | 23 | €804 | €536 | -€268 | -33.3% |
| Financial fixed assets | 28 | €1,523 | €1,523 | = | 0.0% |
| Current assets | 29/58 | €14,851 | €14,941 | +€90 | +0.6% |
| Amounts receivable within one year | 40/41 | €14,117 | €14,254 | +€136 | +1.0% |
| Trade receivables | 40 | €10,000 | €4,812 | -€5,189 | -51.9% |
| Other amounts receivable | 41 | €4,117 | €9,442 | +€5,325 | +129% |
| Cash at bank and in hand | 54/58 | €59 | €687 | +€629 | +1,070% |
| Deferred charges and accrued income | 490/1 | €675 | - | -€675 | |
| Total equity and liabilities | 10/49 | €435,924 | €540,125 | +€104,201 | +23.9% |
| Equity | 10/15 | €85,127 | €96,159 | +€11,032 | +13.0% |
| Contributions | 10/11 | €32,600 | €32,600 | = | 0.0% |
| Reserves | 13 | €4,000 | €4,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €4,000 | €4,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €48,527 | €59,559 | +€11,032 | +22.7% |
| Amounts payable | 17/49 | €350,797 | €443,966 | +€93,169 | +26.6% |
| Amounts payable after more than one year | 17 | €147,093 | €284,515 | +€137,421 | +93.4% |
| Financial debts | 170/4 | €147,093 | €284,515 | +€137,421 | +93.4% |
| Amounts payable within one year | 42/48 | €203,703 | €159,451 | -€44,252 | -21.7% |
| Current portion of amounts payable after more than one year | 42 | €51,723 | €5,637 | -€46,086 | -89.1% |
| Financial debts | 43 | €9,954 | €9,964 | +€10 | +0.1% |
| Credit institutions | 430/8 | €9,954 | €9,964 | +€10 | +0.1% |
| Trade debts | 44 | €43,084 | €38,162 | -€4,922 | -11.4% |
| Suppliers | 440/4 | €43,084 | €38,162 | -€4,922 | -11.4% |
| Taxes, remuneration and social security | 45 | €24,430 | €28,740 | +€4,310 | +17.6% |
| Taxes | 450/3 | €24,430 | €28,740 | +€4,310 | +17.6% |
| Other amounts payable | 47/48 | €74,512 | €76,948 | +€2,436 | +3.3% |
| Remuneration, social security and pensions | 62 | €1,191 | - | -€1,191 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,675 | €37,643 | +€20,968 | +126% |
| Other operating charges | 640/8 | €30,223 | €12,630 | -€17,594 | -58.2% |
| Gross operating margin | 9900 | €65,839 | €95,666 | +€29,826 | +45.3% |
| Operating profit (loss) | 9901 | €17,750 | €45,393 | +€27,643 | +156% |
| Financial charges | 65/66B | €32,179 | €29,271 | -€2,908 | -9.0% |
| Recurring financial charges | 65 | €32,179 | €29,271 | -€2,908 | -9.0% |
| Profit (loss) for the period before taxes | 9903 | -€14,429 | €16,121 | +€30,551 | |
| Income taxes | 67/77 | €2,641 | €5,089 | +€2,448 | +92.7% |
| Profit (loss) for the period | 9904 | -€17,071 | €11,032 | +€28,103 | |
| Profit (loss) for the period to be appropriated | 9905 | -€17,071 | €11,032 | +€28,103 |
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 31 October 2026 via checked.be.