Espa: what changed
What changed
Espa
NACE 46.496, Wholesale trade
filed annual accounts (NBB)
Net result for the year
€698,850
2024 · €1.2m-€513,053
Equity
€22.3m
2024 · €21.6m+€698,850
Cash
€5.8m
2024 · €3.7m+€2.1m
Balance sheet total
€24.2m
2024 · €22.1m+€2.1m
Largest movements
Assets
- Cash +€2.1m
up €2.1m (+56.3%), from €3.7m to €5.8m
mainly Current investments (+€2.0m) and Other debts (+€1.1m)
- Current investments -€2.0m
down €2.0m (-39.8%), from €5.0m to €3.0m
- Stocks and contracts +€1.8m
up €1.8m (+26.6%), from €6.9m to €8.7m
- Receivables within one year +€873,520
up €873,520 (+50.7%), from €1.7m to €2.6m
of which Trade receivables: +€654,938
- Financial fixed assets -€713,485
down €713,485 (-17.6%), from €4.0m to €3.3m
Equity and liabilities
- Other debts +€1.1m
new in 2025: €1.1m
- Reserves +€698,850
up €698,850 (+3.3%), from €21.0m to €21.7m
of which Distributable reserves: +€702,709
- Trade debts +€362,642
up €362,642 (+130%), from €278,632 to €641,274
Income statement
- Financial charges +€595,036
up €595,036, from -€454,095 to €140,941
- Taxes -€192,961
down €192,961, from €188,452 to -€4,509
- Financial income -€102,742
down €102,742 (-40.9%), from €251,176 to €148,434
- Gross operating margin +€83,210
up €83,210 (+3.2%), from €2.6m to €2.7m
- Staff costs +€68,367
up €68,367 (+3.9%), from €1.8m to €1.8m
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€1.2m
Gross operating margin
+€83,210
Staff costs
-€68,367
Depreciation
+€15,979
Write-downs
-€22,089
Other operating charges
-€14,656
Other operating items
-€2,313
Financial income
-€102,742
Financial charges
-€595,036
Taxes
+€192,961
Result 2025
€698,850
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€565,211
Investment
+€2.7m
Financing
€0
Cash 2024
€3.7m
From operations (derived)
-€565,211
Net result for the year
+€698,850
Depreciation
+€140,516
Stocks and contracts
-€1.8m
Receivables within one year
-€873,520
Deferred charges and accrued income
-€95,348
Provisions
-€1,286
Trade debts
+€362,642
Tax, wage and social debts
+€7,965
Other debts
+€1.1m
Accrued charges and deferred income
-€48,019
Investment (derived)
+€2.7m
Investment in fixed assets (net)
+€679,419
Current investments
+€2.0m
Cash 2025
€5.8m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €22,149,681 | €24,238,879 | +€2.1m | +9.4% |
| Fixed assets | 21/28 | €4,764,098 | €3,944,164 | -€819,934 | -17.2% |
| Intangible fixed assets | 21 | €56,541 | €13,655 | -€42,886 | -75.8% |
| Tangible fixed assets | 22/27 | €661,600 | €598,036 | -€63,564 | -9.6% |
| Land and buildings | 22 | €130,794 | €89,554 | -€41,240 | -31.5% |
| Plant, machinery and equipment | 23 | €458,936 | €459,551 | +€616 | +0.1% |
| Furniture and vehicles | 24 | €71,870 | €48,930 | -€22,939 | -31.9% |
| Financial fixed assets | 28 | €4,045,957 | €3,332,472 | -€713,485 | -17.6% |
| Current assets | 29/58 | €17,385,583 | €20,294,716 | +€2.9m | +16.7% |
| Stocks and contracts in progress | 3 | €6,858,615 | €8,684,671 | +€1.8m | +26.6% |
| Stocks | 30/36 | €6,858,615 | €8,684,671 | +€1.8m | +26.6% |
| Amounts receivable within one year | 40/41 | €1,722,245 | €2,595,765 | +€873,520 | +50.7% |
| Trade receivables | 40 | €1,536,427 | €2,191,365 | +€654,938 | +42.6% |
| Other amounts receivable | 41 | €185,818 | €404,400 | +€218,582 | +118% |
| Current investments | 50/53 | €4,996,544 | €3,009,998 | -€2.0m | -39.8% |
| Cash at bank and in hand | 54/58 | €3,729,698 | €5,830,452 | +€2.1m | +56.3% |
| Deferred charges and accrued income | 490/1 | €78,482 | €173,830 | +€95,348 | +121% |
| Total equity and liabilities | 10/49 | €22,149,681 | €24,238,879 | +€2.1m | +9.4% |
| Equity | 10/15 | €21,563,390 | €22,262,240 | +€698,850 | +3.2% |
| Contributions | 10/11 | €582,550 | €582,550 | = | 0.0% |
| Capital | 10 | €582,550 | €582,550 | = | 0.0% |
| Issued capital | 100 | €954,390 | €954,390 | = | 0.0% |
| Uncalled capital | 101 | €371,840 | €371,840 | = | 0.0% |
| Reserves | 13 | €20,980,840 | €21,679,690 | +€698,850 | +3.3% |
| Non-distributable reserves | 130/1 | €95,439 | €95,439 | = | 0.0% |
| Legal reserve | 130 | €95,439 | €95,439 | = | 0.0% |
| Tax-exempt reserves | 132 | €826,749 | €822,889 | -€3,859 | -0.5% |
| Distributable reserves | 133 | €20,058,653 | €20,761,362 | +€702,709 | +3.5% |
| Provisions and deferred taxes | 16 | €3,864 | €2,578 | -€1,286 | -33.3% |
| Deferred taxes | 168 | €3,864 | €2,578 | -€1,286 | -33.3% |
| Amounts payable | 17/49 | €582,427 | €1,974,062 | +€1.4m | +239% |
| Amounts payable within one year | 42/48 | €520,234 | €1,959,888 | +€1.4m | +277% |
| Trade debts | 44 | €278,632 | €641,274 | +€362,642 | +130% |
| Suppliers | 440/4 | €278,632 | €641,274 | +€362,642 | +130% |
| Taxes, remuneration and social security | 45 | €241,602 | €249,567 | +€7,965 | +3.3% |
| Taxes | 450/3 | €22,469 | €38,304 | +€15,835 | +70.5% |
| Remuneration and social security | 454/9 | €219,133 | €211,263 | -€7,870 | -3.6% |
| Other amounts payable | 47/48 | - | €1,069,047 | +€1.1m | |
| Accrued charges and deferred income | 492/3 | €62,193 | €14,174 | -€48,019 | -77.2% |
| Non-recurring operating income | 76A | €12,217 | - | -€12,217 | |
| Remuneration, social security and pensions | 62 | €1,755,083 | €1,823,451 | +€68,367 | +3.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €156,495 | €140,516 | -€15,979 | -10.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€55,421 | -€33,332 | +€22,089 | +39.9% |
| Other operating charges | 640/8 | €42,256 | €56,912 | +€14,656 | +34.7% |
| Non-recurring operating charges | 66A | - | €2,313 | +€2,313 | |
| Gross operating margin | 9900 | €2,592,210 | €2,675,420 | +€83,210 | +3.2% |
| Operating profit (loss) | 9901 | €693,797 | €685,561 | -€8,236 | -1.2% |
| Financial income | 75/76B | €251,176 | €148,434 | -€102,742 | -40.9% |
| Recurring financial income | 75 | €251,176 | €148,434 | -€102,742 | -40.9% |
| Financial charges | 65/66B | -€454,095 | €140,941 | +€595,036 | |
| Recurring financial charges | 65 | -€454,095 | €140,941 | +€595,036 | |
| Profit (loss) for the period before taxes | 9903 | €1,399,068 | €693,054 | -€706,014 | -50.5% |
| Transfer from deferred taxes | 780 | €1,286 | €1,286 | = | 0.0% |
| Income taxes | 67/77 | €188,452 | -€4,509 | -€192,961 | |
| Profit (loss) for the period | 9904 | €1,211,902 | €698,850 | -€513,053 | -42.3% |
| Transfer from tax-exempt reserves | 789 | €359,859 | €3,859 | -€356,000 | -98.9% |
| Transfer to tax-exempt reserves | 689 | €252,600 | - | -€252,600 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,319,161 | €702,709 | -€616,453 | -46.7% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.