1SPACE: 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.
1SPACE
Largest movements
- Cash -€121,642
down €121,642 (-81.9%), from €148,580 to €26,938
mainly Contributions, distributions and other (-€230,800) and Tax, wage and social debts (-€40,939)
- Receivables after one year -€48,213
down €48,213 (-100.0%), from €48,213 to €0
- Current investments -€30,000
down €30,000 (-100.0%), from €30,000 to €0
- Receivables within one year +€12,438
up €12,438 (+51.4%), from €24,200 to €36,638
of which Trade receivables: +€10,083
- Reserves -€197,947
down €197,947 (-99.8%), from €198,413 to €465
- Other debts +€50,170
new in 2025: €50,170
- Tax, wage and social debts -€40,939
down €40,939 (-80.2%), from €51,070 to €10,131
- Gross operating margin -€96,086
down €96,086 (-68.4%), from €140,415 to €44,329
- Taxes -€21,418
down €21,418 (-71.4%), from €29,997 to €8,579
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 | €253,051 | €64,440 | -€188,610 | -74.5% |
| Fixed assets | 21/28 | €1,873 | €678 | -€1,195 | -63.8% |
| Tangible fixed assets | 22/27 | €1,873 | €678 | -€1,195 | -63.8% |
| Plant, machinery and equipment | 23 | €1,873 | €678 | -€1,195 | -63.8% |
| Current assets | 29/58 | €251,178 | €63,762 | -€187,415 | -74.6% |
| Amounts receivable after more than one year | 29 | €48,213 | €0 | -€48,213 | -100.0% |
| Other amounts receivable | 291 | €48,213 | €0 | -€48,213 | -100.0% |
| Amounts receivable within one year | 40/41 | €24,200 | €36,638 | +€12,438 | +51.4% |
| Trade receivables | 40 | €24,200 | €34,283 | +€10,083 | +41.7% |
| Other amounts receivable | 41 | - | €2,354 | +€2,354 | |
| Current investments | 50/53 | €30,000 | €0 | -€30,000 | -100.0% |
| Cash at bank and in hand | 54/58 | €148,580 | €26,938 | -€121,642 | -81.9% |
| Deferred charges and accrued income | 490/1 | €185 | €187 | +€2 | +1.0% |
| Total equity and liabilities | 10/49 | €253,051 | €64,440 | -€188,610 | -74.5% |
| Equity | 10/15 | €200,413 | €2,465 | -€197,947 | -98.8% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €198,413 | €465 | -€197,947 | -99.8% |
| Distributable reserves | 133 | €198,413 | €465 | -€197,947 | -99.8% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €52,638 | €61,975 | +€9,337 | +17.7% |
| Amounts payable within one year | 42/48 | €52,638 | €61,975 | +€9,337 | +17.7% |
| Trade debts | 44 | €1,568 | €1,674 | +€106 | +6.8% |
| Suppliers | 440/4 | €1,568 | €1,674 | +€106 | +6.8% |
| Taxes, remuneration and social security | 45 | €51,070 | €10,131 | -€40,939 | -80.2% |
| Taxes | 450/3 | €51,070 | €10,131 | -€40,939 | -80.2% |
| Other amounts payable | 47/48 | - | €50,170 | +€50,170 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,287 | €1,195 | -€92 | -7.1% |
| Other operating charges | 640/8 | €1,325 | €1,374 | +€49 | +3.7% |
| Gross operating margin | 9900 | €140,415 | €44,329 | -€96,086 | -68.4% |
| Operating profit (loss) | 9901 | €137,803 | €41,760 | -€96,043 | -69.7% |
| Financial income | 75/76B | €820 | €537 | -€282 | -34.5% |
| Recurring financial income | 75 | €820 | €537 | -€282 | -34.5% |
| Financial charges | 65/66B | €436 | €866 | +€430 | +98.7% |
| Recurring financial charges | 65 | €436 | €866 | +€430 | +98.7% |
| Profit (loss) for the period before taxes | 9903 | €138,187 | €41,431 | -€96,756 | -70.0% |
| Income taxes | 67/77 | €29,997 | €8,579 | -€21,418 | -71.4% |
| Profit (loss) for the period | 9904 | €108,190 | €32,853 | -€75,337 | -69.6% |
| Profit (loss) for the period to be appropriated | 9905 | €108,190 | €32,853 | -€75,337 | -69.6% |
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 29 September 2026 via checked.be.