SPEEDWORKS: 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.
SPEEDWORKS
Largest movements
- Cash +€17,793
up €17,793 (+61.1%), from €29,137 to €46,930
mainly Net result for the year (+€11,909) and Trade debts (+€9,724)
- Receivables within one year -€7,719
down €7,719 (-34.2%), from €22,598 to €14,879
of which Other amounts receivable: -€17,116
- Tangible fixed assets +€5,149
up €5,149 (+21.0%), from €24,475 to €29,624
of which Plant, machinery and equipment: +€6,262
- Reserves +€11,909
up €11,909 (+26.6%), from €44,821 to €56,730
- Trade debts +€9,724
up €9,724 (+293%), from €3,316 to €13,040
- Other debts -€8,301
down €8,301 (-42.7%), from €19,424 to €11,123
- Short-term financial debts +€2,524
new in 2025: €2,524
- Current portion of long-term debt -€1,738
down €1,738 (-100%), from €1,738 to €0
- Gross operating margin +€3,833
up €3,833 (+15.2%), from €25,172 to €29,005
- Other operating charges +€2,544
up €2,544 (+375%), from €678 to €3,222
- Depreciation +€2,046
up €2,046 (+29.1%), from €7,021 to €9,067
- Taxes -€978
down €978 (-17.9%), from €5,452 to €4,474
- Financial charges -€503
down €503 (-56.7%), from €888 to €384
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 | €91,907 | €107,157 | +€15,249 | +16.6% |
| Fixed assets | 21/28 | €24,475 | €29,624 | +€5,149 | +21.0% |
| Tangible fixed assets | 22/27 | €24,475 | €29,624 | +€5,149 | +21.0% |
| Plant, machinery and equipment | 23 | €19,760 | €26,023 | +€6,262 | +31.7% |
| Furniture and vehicles | 24 | €4,715 | €3,602 | -€1,113 | -23.6% |
| Current assets | 29/58 | €67,433 | €77,532 | +€10,100 | +15.0% |
| Stocks and contracts in progress | 3 | €12,996 | €12,716 | -€280 | -2.2% |
| Stocks | 30/36 | €12,996 | €12,716 | -€280 | -2.2% |
| Amounts receivable within one year | 40/41 | €22,598 | €14,879 | -€7,719 | -34.2% |
| Trade receivables | 40 | €2,450 | €11,847 | +€9,398 | +384% |
| Other amounts receivable | 41 | €20,148 | €3,032 | -€17,116 | -85.0% |
| Cash at bank and in hand | 54/58 | €29,137 | €46,930 | +€17,793 | +61.1% |
| Deferred charges and accrued income | 490/1 | €2,701 | €3,007 | +€306 | +11.3% |
| Total equity and liabilities | 10/49 | €91,907 | €107,157 | +€15,249 | +16.6% |
| Equity | 10/15 | €63,421 | €75,330 | +€11,909 | +18.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €44,821 | €56,730 | +€11,909 | +26.6% |
| Distributable reserves | 133 | €44,821 | €56,730 | +€11,909 | +26.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €28,487 | €31,827 | +€3,340 | +11.7% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €27,670 | €30,977 | +€3,307 | +12.0% |
| Current portion of amounts payable after more than one year | 42 | €1,738 | €0 | -€1,738 | -100% |
| Financial debts | 43 | - | €2,524 | +€2,524 | |
| Credit institutions | 430/8 | - | €2,524 | +€2,524 | |
| Trade debts | 44 | €3,316 | €13,040 | +€9,724 | +293% |
| Suppliers | 440/4 | €3,316 | €13,040 | +€9,724 | +293% |
| Taxes, remuneration and social security | 45 | €3,191 | €4,290 | +€1,098 | +34.4% |
| Taxes | 450/3 | €3,191 | €4,290 | +€1,098 | +34.4% |
| Other amounts payable | 47/48 | €19,424 | €11,123 | -€8,301 | -42.7% |
| Accrued charges and deferred income | 492/3 | €817 | €850 | +€33 | +4.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,021 | €9,067 | +€2,046 | +29.1% |
| Other operating charges | 640/8 | €678 | €3,222 | +€2,544 | +375% |
| Gross operating margin | 9900 | €25,172 | €29,005 | +€3,833 | +15.2% |
| Operating profit (loss) | 9901 | €17,473 | €16,717 | -€757 | -4.3% |
| Financial income | 75/76B | €306 | €51 | -€255 | -83.2% |
| Recurring financial income | 75 | €306 | €51 | -€255 | -83.2% |
| Financial charges | 65/66B | €888 | €384 | -€503 | -56.7% |
| Recurring financial charges | 65 | €888 | €384 | -€503 | -56.7% |
| Profit (loss) for the period before taxes | 9903 | €16,892 | €16,383 | -€508 | -3.0% |
| Income taxes | 67/77 | €5,452 | €4,474 | -€978 | -17.9% |
| Profit (loss) for the period | 9904 | €11,439 | €11,909 | +€470 | +4.1% |
| Profit (loss) for the period to be appropriated | 9905 | €11,439 | €11,909 | +€470 | +4.1% |
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 15 October 2026 via checked.be.