TYRESPEED BELGIUM: 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.
TYRESPEED BELGIUM
Largest movements
- Cash +€104,348
up €104,348 (+84.8%), from €123,090 to €227,438
mainly Net result for the year (+€92,204) and Depreciation (+€31,881)
- Stocks and contracts -€23,946
down €23,946 (-11.0%), from €216,864 to €192,918
- Receivables within one year +€12,145
up €12,145 (+49.5%), from €24,546 to €36,691
of which Trade receivables: +€12,132
- Tangible fixed assets -€6,746
down €6,746 (-9.0%), from €74,843 to €68,096
of which Furniture and vehicles: -€3,664
- Profit (loss) carried forward +€92,204
up €92,204 (+34.5%), from €266,932 to €359,136
- Other debts -€5,940
down €5,940 (-79.1%), from €7,506 to €1,566
- Staff costs -€51,665
down €51,665 (-37.6%), from €137,532 to €85,867
- Gross operating margin -€34,624
down €34,624 (-12.2%), from €283,548 to €248,924
- Taxes +€4,811
up €4,811 (+16.6%), from €29,035 to €33,846
- Other operating charges -€3,433
down €3,433 (-55.7%), from €6,163 to €2,730
- Depreciation +€2,890
up €2,890 (+10.0%), from €28,991 to €31,881
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 | €485,787 | €571,587 | +€85,800 | +17.7% |
| Fixed assets | 21/28 | €121,286 | €114,540 | -€6,746 | -5.6% |
| Tangible fixed assets | 22/27 | €74,843 | €68,096 | -€6,746 | -9.0% |
| Plant, machinery and equipment | 23 | €8,350 | €6,745 | -€1,605 | -19.2% |
| Furniture and vehicles | 24 | €20,418 | €16,754 | -€3,664 | -17.9% |
| Other tangible fixed assets | 26 | €46,075 | €44,597 | -€1,478 | -3.2% |
| Financial fixed assets | 28 | €46,444 | €46,444 | = | 0.0% |
| Current assets | 29/58 | €364,501 | €457,047 | +€92,546 | +25.4% |
| Stocks and contracts in progress | 3 | €216,864 | €192,918 | -€23,946 | -11.0% |
| Stocks | 30/36 | €216,864 | €192,918 | -€23,946 | -11.0% |
| Amounts receivable within one year | 40/41 | €24,546 | €36,691 | +€12,145 | +49.5% |
| Trade receivables | 40 | €24,418 | €36,550 | +€12,132 | +49.7% |
| Other amounts receivable | 41 | €128 | €141 | +€13 | +10.0% |
| Cash at bank and in hand | 54/58 | €123,090 | €227,438 | +€104,348 | +84.8% |
| Total equity and liabilities | 10/49 | €485,787 | €571,587 | +€85,800 | +17.7% |
| Equity | 10/15 | €287,392 | €379,596 | +€92,204 | +32.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €266,932 | €359,136 | +€92,204 | +34.5% |
| Amounts payable | 17/49 | €198,395 | €191,991 | -€6,403 | -3.2% |
| Amounts payable within one year | 42/48 | €198,395 | €191,991 | -€6,403 | -3.2% |
| Trade debts | 44 | €87,736 | €84,038 | -€3,699 | -4.2% |
| Suppliers | 440/4 | €87,736 | €84,038 | -€3,699 | -4.2% |
| Taxes, remuneration and social security | 45 | €103,152 | €106,387 | +€3,235 | +3.1% |
| Taxes | 450/3 | €89,110 | €92,527 | +€3,416 | +3.8% |
| Remuneration and social security | 454/9 | €14,042 | €13,861 | -€181 | -1.3% |
| Other amounts payable | 47/48 | €7,506 | €1,566 | -€5,940 | -79.1% |
| Remuneration, social security and pensions | 62 | €137,532 | €85,867 | -€51,665 | -37.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,991 | €31,881 | +€2,890 | +10.0% |
| Other operating charges | 640/8 | €6,163 | €2,730 | -€3,433 | -55.7% |
| Gross operating margin | 9900 | €283,548 | €248,924 | -€34,624 | -12.2% |
| Operating profit (loss) | 9901 | €110,862 | €128,446 | +€17,584 | +15.9% |
| Financial income | 75/76B | €3 | €0 | -€3 | -95.7% |
| Recurring financial income | 75 | €3 | €0 | -€3 | -95.7% |
| Financial charges | 65/66B | €4,867 | €2,397 | -€2,471 | -50.8% |
| Recurring financial charges | 65 | €4,867 | €2,397 | -€2,471 | -50.8% |
| Profit (loss) for the period before taxes | 9903 | €105,998 | €126,049 | +€20,051 | +18.9% |
| Income taxes | 67/77 | €29,035 | €33,846 | +€4,811 | +16.6% |
| Profit (loss) for the period | 9904 | €76,963 | €92,204 | +€15,241 | +19.8% |
| Profit (loss) for the period to be appropriated | 9905 | €76,963 | €92,204 | +€15,241 | +19.8% |
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 24 October 2026 via checked.be.