ESP@CE.NET: 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.
ESP@CE.NET
Largest movements
- Tangible fixed assets +€29,600
up €29,600, from €0 to €29,600
of which Other tangible fixed assets: +€29,600
- Cash +€18,211
up €18,211 (+1406.8%), from €1,294 to €19,505
mainly Trade debts (+€39,019) and Debts after one year (+€19,296)
- Receivables within one year +€16,963
up €16,963 (+82.3%), from €20,621 to €37,584
of which Other amounts receivable: +€11,315
- Stocks and contracts +€1,596
up €1,596 (+79.8%), from €2,000 to €3,596
- Trade debts +€39,019
up €39,019 (+607.8%), from €6,420 to €45,439
- Debts after one year +€19,296
new in 2025: €19,296
- Current portion of long-term debt +€10,297
new in 2025: €10,297
- Other debts -€3,199
no longer reported in 2025 (was €3,199)
- Profit (loss) carried forward +€2,223
up €2,223 (+12.4%), from -€17,928 to -€15,705
- Taxes -€6,879
down €6,879 (-78.8%), from €8,735 to €1,856
- Gross operating margin -€5,105
down €5,105 (-28.1%), from €18,183 to €13,078
- Depreciation +€1,887
up €1,887 (+589.3%), from €320 to €2,207
- Other operating charges -€1,388
down €1,388 (-54.5%), from €2,545 to €1,157
- Financial charges +€249
up €249 (+9.5%), from €2,617 to €2,866
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 | €24,197 | €90,849 | +€66,652 | +275.5% |
| Fixed assets | 21/28 | €0 | €29,600 | +€29,600 | |
| Tangible fixed assets | 22/27 | €0 | €29,600 | +€29,600 | |
| Furniture and vehicles | 24 | €0 | - | = | |
| Other tangible fixed assets | 26 | - | €29,600 | +€29,600 | |
| Current assets | 29/58 | €24,197 | €61,249 | +€37,052 | +153.1% |
| Stocks and contracts in progress | 3 | €2,000 | €3,596 | +€1,596 | +79.8% |
| Stocks | 30/36 | €2,000 | €3,596 | +€1,596 | +79.8% |
| Amounts receivable within one year | 40/41 | €20,621 | €37,584 | +€16,963 | +82.3% |
| Trade receivables | 40 | €20,621 | €26,269 | +€5,648 | +27.4% |
| Other amounts receivable | 41 | €0 | €11,315 | +€11,315 | |
| Cash at bank and in hand | 54/58 | €1,294 | €19,505 | +€18,211 | +1406.8% |
| Deferred charges and accrued income | 490/1 | €282 | €564 | +€282 | +100.2% |
| Total equity and liabilities | 10/49 | €24,197 | €90,849 | +€66,652 | +275.5% |
| Equity | 10/15 | €672 | €2,895 | +€2,223 | +331.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€17,928 | -€15,705 | +€2,223 | +12.4% |
| Amounts payable | 17/49 | €23,525 | €87,954 | +€64,429 | +273.9% |
| Amounts payable after more than one year | 17 | - | €19,296 | +€19,296 | |
| Financial debts | 170/4 | - | €19,296 | +€19,296 | |
| Amounts payable within one year | 42/48 | €23,525 | €68,658 | +€45,133 | +191.8% |
| Current portion of amounts payable after more than one year | 42 | - | €10,297 | +€10,297 | |
| Financial debts | 43 | €615 | - | -€615 | |
| Credit institutions | 430/8 | €615 | - | -€615 | |
| Trade debts | 44 | €6,420 | €45,439 | +€39,019 | +607.8% |
| Suppliers | 440/4 | €6,420 | €45,439 | +€39,019 | +607.8% |
| Taxes, remuneration and social security | 45 | €13,291 | €12,922 | -€369 | -2.8% |
| Taxes | 450/3 | €13,291 | €12,922 | -€369 | -2.8% |
| Other amounts payable | 47/48 | €3,199 | - | -€3,199 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €320 | €2,207 | +€1,887 | +589.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €2,545 | €1,157 | -€1,388 | -54.5% |
| Non-recurring operating charges | 66A | €0 | €2,775 | +€2,775 | |
| Gross operating margin | 9900 | €18,183 | €13,078 | -€5,105 | -28.1% |
| Operating profit (loss) | 9901 | €15,317 | €6,939 | -€8,378 | -54.7% |
| Financial income | 75/76B | €132 | €6 | -€126 | -95.5% |
| Recurring financial income | 75 | €132 | €6 | -€126 | -95.5% |
| Financial charges | 65/66B | €2,617 | €2,866 | +€249 | +9.5% |
| Recurring financial charges | 65 | €2,617 | €2,866 | +€249 | +9.5% |
| Profit (loss) for the period before taxes | 9903 | €12,832 | €4,079 | -€8,753 | -68.2% |
| Income taxes | 67/77 | €8,735 | €1,856 | -€6,879 | -78.8% |
| Profit (loss) for the period | 9904 | €4,097 | €2,223 | -€1,874 | -45.7% |
| Profit (loss) for the period to be appropriated | 9905 | €4,097 | €2,223 | -€1,874 | -45.7% |
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 5 October 2026 via checked.be.