D'ESPALLIER: 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.
D'ESPALLIER
Largest movements
- Tangible fixed assets -€5,176
down €5,176 (-40.4%), from €12,807 to €7,631
- Current investments +€515
up €515 (+1.8%), from €29,385 to €29,900
- Cash -€471
down €471 (-44.5%), from €1,057 to €586
mainly Net result for the year (-€7,190) and Debts after one year (-€4,858)
- Profit (loss) carried forward -€7,190
down €7,190 (-5.1%), from -€142,322 to -€149,512
- Other debts +€5,518
up €5,518 (+3.8%), from €145,720 to €151,237
- Debts after one year -€4,858
down €4,858 (-59.3%), from €8,185 to €3,327
- Trade debts +€729
up €729 (+10.4%), from €7,013 to €7,742
- Accrued charges and deferred income +€515
up €515 (+90.0%), from €572 to €1,087
- Gross operating margin +€2,552
up €2,552 (+73.6%), from -€3,467 to -€915
- Financial charges -€139
down €139 (-19.4%), from €717 to €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 | €43,250 | €38,118 | -€5,132 | -11.9% |
| Fixed assets | 21/28 | €12,807 | €7,631 | -€5,176 | -40.4% |
| Tangible fixed assets | 22/27 | €12,807 | €7,631 | -€5,176 | -40.4% |
| Land and buildings | 22 | €12,807 | €7,631 | -€5,176 | -40.4% |
| Current assets | 29/58 | €30,442 | €30,487 | +€44 | +0.1% |
| Current investments | 50/53 | €29,385 | €29,900 | +€515 | +1.8% |
| Cash at bank and in hand | 54/58 | €1,057 | €586 | -€471 | -44.5% |
| Total equity and liabilities | 10/49 | €43,250 | €38,118 | -€5,132 | -11.9% |
| Equity | 10/15 | -€122,943 | -€130,133 | -€7,190 | -5.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €778 | €778 | = | 0.0% |
| Non-distributable reserves | 130/1 | €778 | €778 | = | 0.0% |
| Reserves not available under the articles | 1311 | €778 | €778 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€142,322 | -€149,512 | -€7,190 | -5.1% |
| Amounts payable | 17/49 | €166,193 | €168,251 | +€2,058 | +1.2% |
| Amounts payable after more than one year | 17 | €8,185 | €3,327 | -€4,858 | -59.3% |
| Financial debts | 170/4 | €8,185 | €3,327 | -€4,858 | -59.3% |
| Amounts payable within one year | 42/48 | €157,436 | €163,837 | +€6,401 | +4.1% |
| Current portion of amounts payable after more than one year | 42 | €4,704 | €4,858 | +€154 | +3.3% |
| Trade debts | 44 | €7,013 | €7,742 | +€729 | +10.4% |
| Suppliers | 440/4 | €7,013 | €7,742 | +€729 | +10.4% |
| Other amounts payable | 47/48 | €145,720 | €151,237 | +€5,518 | +3.8% |
| Accrued charges and deferred income | 492/3 | €572 | €1,087 | +€515 | +90.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,176 | €5,176 | = | 0.0% |
| Other operating charges | 640/8 | €505 | €520 | +€14 | +2.8% |
| Gross operating margin | 9900 | -€3,467 | -€915 | +€2,552 | +73.6% |
| Operating profit (loss) | 9901 | -€9,149 | -€6,612 | +€2,538 | +27.7% |
| Financial charges | 65/66B | €717 | €579 | -€139 | -19.4% |
| Recurring financial charges | 65 | €717 | €579 | -€139 | -19.4% |
| Profit (loss) for the period before taxes | 9903 | -€9,867 | -€7,190 | +€2,676 | +27.1% |
| Profit (loss) for the period | 9904 | -€9,867 | -€7,190 | +€2,676 | +27.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,867 | -€7,190 | +€2,676 | +27.1% |
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 2 October 2026 via checked.be.