SPEELHAL SELECT: 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.
SPEELHAL SELECT
Largest movements
- Receivables within one year +€158,020
up €158,020 (+15.4%), from €1.0m to €1.2m
of which Other amounts receivable: +€158,050
- Cash +€143,329
up €143,329 (+94.8%), from €151,198 to €294,527
mainly Net result for the year (+€252,766) and Depreciation (+€49,687)
- Reserves +€252,766
up €252,766 (+39.0%), from €648,589 to €901,356
of which Distributable reserves: +€252,766
- Trade debts +€41,253
up €41,253 (+217.4%), from €18,975 to €60,228
- Gross operating margin +€73,404
up €73,404 (+9.4%), from €777,889 to €851,293
- Taxes +€49,387
up €49,387 (+53.7%), from €92,049 to €141,436
- Other operating charges +€29,469
up €29,469 (+19.6%), from €150,650 to €180,119
- Staff costs +€9,659
up €9,659 (+4.5%), from €216,775 to €226,434
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 | €1,471,450 | €1,775,108 | +€303,659 | +20.6% |
| Fixed assets | 21/28 | €291,755 | €284,853 | -€6,902 | -2.4% |
| Tangible fixed assets | 22/27 | €217,227 | €210,325 | -€6,902 | -3.2% |
| Land and buildings | 22 | €89,313 | €79,118 | -€10,195 | -11.4% |
| Plant, machinery and equipment | 23 | €127,914 | €131,207 | +€3,293 | +2.6% |
| Financial fixed assets | 28 | €74,528 | €74,528 | = | 0.0% |
| Current assets | 29/58 | €1,179,695 | €1,490,255 | +€310,560 | +26.3% |
| Stocks and contracts in progress | 3 | €274 | €1,444 | +€1,171 | +427.7% |
| Stocks | 30/36 | €274 | €1,444 | +€1,171 | +427.7% |
| Amounts receivable within one year | 40/41 | €1,023,314 | €1,181,334 | +€158,020 | +15.4% |
| Trade receivables | 40 | €30 | €0 | -€30 | -100.0% |
| Other amounts receivable | 41 | €1,023,284 | €1,181,334 | +€158,050 | +15.4% |
| Cash at bank and in hand | 54/58 | €151,198 | €294,527 | +€143,329 | +94.8% |
| Deferred charges and accrued income | 490/1 | €4,909 | €12,950 | +€8,041 | +163.8% |
| Total equity and liabilities | 10/49 | €1,471,450 | €1,775,108 | +€303,659 | +20.6% |
| Equity | 10/15 | €1,431,189 | €1,683,956 | +€252,766 | +17.7% |
| Contributions | 10/11 | €782,600 | €782,600 | = | 0.0% |
| Reserves | 13 | €648,589 | €901,356 | +€252,766 | +39.0% |
| Non-distributable reserves | 130/1 | €25 | €25 | = | 0.0% |
| Reserves not available under the articles | 1311 | €25 | €25 | = | 0.0% |
| Distributable reserves | 133 | €648,565 | €901,331 | +€252,766 | +39.0% |
| Amounts payable | 17/49 | €40,260 | €91,153 | +€50,892 | +126.4% |
| Amounts payable within one year | 42/48 | €35,904 | €86,575 | +€50,670 | +141.1% |
| Trade debts | 44 | €18,975 | €60,228 | +€41,253 | +217.4% |
| Suppliers | 440/4 | €18,975 | €60,228 | +€41,253 | +217.4% |
| Taxes, remuneration and social security | 45 | €16,930 | €26,347 | +€9,417 | +55.6% |
| Taxes | 450/3 | €4,616 | €12,147 | +€7,531 | +163.2% |
| Remuneration and social security | 454/9 | €12,314 | €14,200 | +€1,886 | +15.3% |
| Accrued charges and deferred income | 492/3 | €4,356 | €4,578 | +€222 | +5.1% |
| Remuneration, social security and pensions | 62 | €216,775 | €226,434 | +€9,659 | +4.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47,368 | €49,687 | +€2,319 | +4.9% |
| Other operating charges | 640/8 | €150,650 | €180,119 | +€29,469 | +19.6% |
| Non-recurring operating charges | 66A | €1,333 | €0 | -€1,333 | -100.0% |
| Gross operating margin | 9900 | €777,889 | €851,293 | +€73,404 | +9.4% |
| Operating profit (loss) | 9901 | €361,762 | €395,052 | +€33,290 | +9.2% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €5,953 | €850 | -€5,103 | -85.7% |
| Recurring financial charges | 65 | €5,953 | €850 | -€5,103 | -85.7% |
| Profit (loss) for the period before taxes | 9903 | €355,809 | €394,202 | +€38,393 | +10.8% |
| Income taxes | 67/77 | €92,049 | €141,436 | +€49,387 | +53.7% |
| Profit (loss) for the period | 9904 | €263,760 | €252,766 | -€10,994 | -4.2% |
| Profit (loss) for the period to be appropriated | 9905 | €263,760 | €252,766 | -€10,994 | -4.2% |
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 3 October 2026 via checked.be.