1Spatial 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.
What changed
1Spatial Belgium
NACE 63.100, Computing infrastructure, data processing, hosting and related activities
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€403,127
2024 · -€638,111+€234,984
Equity
€3.8m
2024 · €4.2m-€403,127
Cash
€123,404
2024 · €221,575-€98,171
Balance sheet total
€13.0m
2024 · €11.1m+€1.9m
Largest movements
Assets
- Stocks and contracts +€1.3m
up €1.3m (+214%), from €612,166 to €1.9m
- Receivables within one year +€667,661
up €667,661 (+42.8%), from €1.6m to €2.2m
of which Trade receivables: +€637,195
Equity and liabilities
- Trade debts +€2.5m
up €2.5m (+49.2%), from €5.2m to €7.7m
- Profit (loss) carried forward -€403,127
down €403,127 (-5.4%), from -€7.4m to -€7.8m
- Other debts -€394,243
down €394,243 (-54.0%), from €730,525 to €336,283
- Tax, wage and social debts +€208,962
up €208,962 (+46.5%), from €449,009 to €657,970
of which Taxes: +€129,682
Income statement
- Goods and materials +€1.3m
up €1.3m (+227%), from €579,887 to €1.9m
- Turnover +€575,459
up €575,459 (+27.1%), from €2.1m to €2.7m
- Staff costs -€311,206
down €311,206 (-21.2%), from €1.5m to €1.2m
- Services and other goods +€289,455
up €289,455 (+25.8%), from €1.1m to €1.4m
- Other operating income +€150,114
new in 2025: €150,114
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.
Result 2024
-€638,111
Turnover
+€575,459
Other operating income
+€150,114
Goods and materials
-€1.3m
Services and other goods
-€289,455
Staff costs
+€311,206
Depreciation
+€24,173
Write-downs
+€860
Other operating charges
+€25,532
Other operating items
+€736,556
Financial income
-€3,461
Financial charges
+€22,901
Taxes
-€665
Result 2025
-€403,127
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
-€94,427
Investment
-€3,744
Financing
€0
Cash 2024
€221,575
From operations (derived)
-€94,427
Net result for the year
-€403,127
Depreciation
+€70,132
Stocks and contracts
-€1.3m
Receivables within one year
-€667,661
Deferred charges and accrued income
-€119,266
Trade debts
+€2.5m
Tax, wage and social debts
+€208,962
Advances received
-€12,115
Other debts
-€394,243
Accrued charges and deferred income
-€9,493
Investment (derived)
-€3,744
Investment in fixed assets (net)
-€3,744
Cash 2025
€123,404
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €11,080,923 | €13,012,649 | +€1.9m | +17.4% |
| Fixed assets | 21/28 | €8,597,538 | €8,531,149 | -€66,388 | -0.8% |
| Intangible fixed assets | 21 | €93,965 | €33,590 | -€60,374 | -64.3% |
| Tangible fixed assets | 22/27 | €18,915 | €9,158 | -€9,758 | -51.6% |
| Land and buildings | 22 | €2,315 | €1,549 | -€766 | -33.1% |
| Plant, machinery and equipment | 23 | €3,438 | €1,146 | -€2,292 | -66.7% |
| Furniture and vehicles | 24 | €13,163 | €6,463 | -€6,700 | -50.9% |
| Financial fixed assets | 28 | €8,484,657 | €8,488,401 | +€3,744 | 0.0% |
| Affiliated companies | 280/1 | €8,429,107 | €8,429,107 | = | 0.0% |
| Participating interests | 280 | €8,429,107 | €8,429,107 | = | 0.0% |
| Other financial fixed assets | 284/8 | €55,550 | €59,294 | +€3,744 | +6.7% |
| Amounts receivable and cash guarantees | 285/8 | €55,550 | €59,294 | +€3,744 | +6.7% |
| Current assets | 29/58 | €2,483,386 | €4,481,499 | +€2.0m | +80.5% |
| Stocks and contracts in progress | 3 | €612,166 | €1,921,524 | +€1.3m | +214% |
| Contracts in progress | 37 | €612,166 | €1,921,524 | +€1.3m | +214% |
| Amounts receivable within one year | 40/41 | €1,558,241 | €2,225,902 | +€667,661 | +42.8% |
| Trade receivables | 40 | €1,476,112 | €2,113,307 | +€637,195 | +43.2% |
| Other amounts receivable | 41 | €82,129 | €112,594 | +€30,466 | +37.1% |
| Cash at bank and in hand | 54/58 | €221,575 | €123,404 | -€98,171 | -44.3% |
| Deferred charges and accrued income | 490/1 | €91,403 | €210,670 | +€119,266 | +130% |
| Total equity and liabilities | 10/49 | €11,080,923 | €13,012,649 | +€1.9m | +17.4% |
| Equity | 10/15 | €4,172,958 | €3,769,831 | -€403,127 | -9.7% |
| Contributions | 10/11 | €11,270,136 | €11,270,136 | = | 0.0% |
| Capital | 10 | €11,270,136 | €11,270,136 | = | 0.0% |
| Issued capital | 100 | €11,270,136 | €11,270,136 | = | 0.0% |
| Reserves | 13 | €336,191 | €336,191 | = | 0.0% |
| Non-distributable reserves | 130/1 | €35,000 | €35,000 | = | 0.0% |
| Legal reserve | 130 | €35,000 | €35,000 | = | 0.0% |
| Distributable reserves | 133 | €301,191 | €301,191 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€7,433,369 | -€7,836,496 | -€403,127 | -5.4% |
| Amounts payable | 17/49 | €6,907,965 | €9,242,818 | +€2.3m | +33.8% |
| Amounts payable after more than one year | 17 | €120,000 | €120,000 | = | 0.0% |
| Financial debts | 170/4 | €120,000 | €120,000 | = | 0.0% |
| Other loans | 174 | €120,000 | €120,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €6,360,688 | €8,705,034 | +€2.3m | +36.9% |
| Trade debts | 44 | €5,169,040 | €7,710,781 | +€2.5m | +49.2% |
| Suppliers | 440/4 | €5,169,040 | €7,710,781 | +€2.5m | +49.2% |
| Advances received on contracts in progress | 46 | €12,115 | - | -€12,115 | |
| Taxes, remuneration and social security | 45 | €449,009 | €657,970 | +€208,962 | +46.5% |
| Taxes | 450/3 | €156,903 | €286,585 | +€129,682 | +82.7% |
| Remuneration and social security | 454/9 | €292,106 | €371,385 | +€79,279 | +27.1% |
| Other amounts payable | 47/48 | €730,525 | €336,283 | -€394,243 | -54.0% |
| Accrued charges and deferred income | 492/3 | €427,277 | €417,784 | -€9,493 | -2.2% |
| Operating income | 70/76A | €2,706,431 | €4,168,559 | +€1.5m | +54.0% |
| Turnover | 70 | €2,121,514 | €2,696,972 | +€575,459 | +27.1% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | €584,917 | €1,309,358 | +€724,441 | +124% |
| Other operating income | 74 | - | €150,114 | +€150,114 | |
| Non-recurring operating income | 76A | - | €12,115 | +€12,115 | |
| Operating charges | 60/66A | €3,299,914 | €4,545,833 | +€1.2m | +37.8% |
| Goods for resale, raw materials and consumables | 60 | €579,887 | €1,898,122 | +€1.3m | +227% |
| Purchases | 600/8 | €579,887 | €1,898,122 | +€1.3m | +227% |
| Services and other goods | 61 | €1,120,002 | €1,409,457 | +€289,455 | +25.8% |
| Remuneration, social security and pensions | 62 | €1,465,123 | €1,153,917 | -€311,206 | -21.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €94,305 | €70,132 | -€24,173 | -25.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €860 | - | -€860 | |
| Other operating charges | 640/8 | €39,737 | €14,204 | -€25,532 | -64.3% |
| Operating profit (loss) | 9901 | -€593,483 | -€377,274 | +€216,209 | +36.4% |
| Financial income | 75/76B | €4,990 | €1,529 | -€3,461 | -69.4% |
| Recurring financial income | 75 | €950 | €1,529 | +€579 | +61.0% |
| Income from financial fixed assets | 750 | €503 | €140 | -€363 | -72.2% |
| Other financial income | 752/9 | €447 | €1,389 | +€943 | +211% |
| Non-recurring financial income | 76B | €4,041 | - | -€4,041 | |
| Financial charges | 65/66B | €47,016 | €24,115 | -€22,901 | -48.7% |
| Recurring financial charges | 65 | €47,016 | €24,115 | -€22,901 | -48.7% |
| Debt charges | 650 | €38,900 | €17,460 | -€21,440 | -55.1% |
| Other financial charges | 652/9 | €8,116 | €6,655 | -€1,460 | -18.0% |
| Profit (loss) for the period before taxes | 9903 | -€635,509 | -€399,860 | +€235,648 | +37.1% |
| Income taxes | 67/77 | €2,602 | €3,267 | +€665 | +25.6% |
| Taxes | 670/3 | €2,602 | €3,267 | +€665 | +25.6% |
| Profit (loss) for the period | 9904 | -€638,111 | -€403,127 | +€234,984 | +36.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€638,111 | -€403,127 | +€234,984 | +36.8% |
Source: filed annual accounts (NBB), financial years ended 31 January 2024 and 31 January 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.