ESPA.LOC: 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.
ESPA.LOC
Largest movements
- Cash +€27,440
up €27,440 (+83.3%), from €32,933 to €60,372
mainly Net result for the year (+€22,854) and Tax, wage and social debts (+€11,785)
- Receivables within one year +€5,604
up €5,604 (+30.9%), from €18,107 to €23,711
of which Other amounts receivable: +€7,982
- Tangible fixed assets +€3,465
up €3,465 (+6.9%), from €49,994 to €53,458
of which Plant, machinery and equipment: +€5,885
- Deferred charges and accrued income +€1,533
up €1,533 (+107%), from €1,427 to €2,960
- Reserves +€20,000
up €20,000 (+77.3%), from €25,860 to €45,860
of which Distributable reserves: +€20,000
- Tax, wage and social debts +€11,785
up €11,785 (+122%), from €9,667 to €21,452
- Trade debts +€3,402
up €3,402 (+19.8%), from €17,217 to €20,619
- Profit (loss) carried forward +€2,854
up €2,854 (+256%), from €1,116 to €3,970
- Gross operating margin +€10,032
up €10,032 (+34.8%), from €28,802 to €38,834
- Depreciation +€2,990
up €2,990 (+461%), from €648 to €3,638
- Taxes +€2,665
up €2,665 (+28.3%), from €9,402 to €12,068
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €102,460 | €140,501 | +€38,041 | +37.1% |
| Fixed assets | 21/28 | €49,994 | €53,458 | +€3,465 | +6.9% |
| Tangible fixed assets | 22/27 | €49,994 | €53,458 | +€3,465 | +6.9% |
| Land and buildings | 22 | €43,381 | €43,381 | = | 0.0% |
| Plant, machinery and equipment | 23 | - | €5,885 | +€5,885 | |
| Furniture and vehicles | 24 | €6,612 | €4,192 | -€2,420 | -36.6% |
| Current assets | 29/58 | €52,466 | €87,043 | +€34,576 | +65.9% |
| Amounts receivable within one year | 40/41 | €18,107 | €23,711 | +€5,604 | +30.9% |
| Trade receivables | 40 | €13,481 | €11,103 | -€2,378 | -17.6% |
| Other amounts receivable | 41 | €4,626 | €12,608 | +€7,982 | +173% |
| Cash at bank and in hand | 54/58 | €32,933 | €60,372 | +€27,440 | +83.3% |
| Deferred charges and accrued income | 490/1 | €1,427 | €2,960 | +€1,533 | +107% |
| Total equity and liabilities | 10/49 | €102,460 | €140,501 | +€38,041 | +37.1% |
| Equity | 10/15 | €75,576 | €98,430 | +€22,854 | +30.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Revaluation surpluses | 12 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €25,860 | €45,860 | +€20,000 | +77.3% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €24,000 | €44,000 | +€20,000 | +83.3% |
| Profit (loss) carried forward | 14 | €1,116 | €3,970 | +€2,854 | +256% |
| Amounts payable | 17/49 | €26,884 | €42,071 | +€15,187 | +56.5% |
| Amounts payable within one year | 42/48 | €26,884 | €42,071 | +€15,187 | +56.5% |
| Trade debts | 44 | €17,217 | €20,619 | +€3,402 | +19.8% |
| Suppliers | 440/4 | €17,217 | €20,619 | +€3,402 | +19.8% |
| Taxes, remuneration and social security | 45 | €9,667 | €21,452 | +€11,785 | +122% |
| Taxes | 450/3 | €9,667 | €21,452 | +€11,785 | +122% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €648 | €3,638 | +€2,990 | +461% |
| Other operating charges | 640/8 | €865 | €662 | -€203 | -23.5% |
| Gross operating margin | 9900 | €28,802 | €38,834 | +€10,032 | +34.8% |
| Operating profit (loss) | 9901 | €27,289 | €34,535 | +€7,246 | +26.6% |
| Financial income | 75/76B | €389 | €460 | +€71 | +18.2% |
| Recurring financial income | 75 | €389 | €460 | +€71 | +18.2% |
| Financial charges | 65/66B | €77 | €73 | -€3 | -4.5% |
| Recurring financial charges | 65 | €77 | €73 | -€3 | -4.5% |
| Profit (loss) for the period before taxes | 9903 | €27,601 | €34,922 | +€7,320 | +26.5% |
| Income taxes | 67/77 | €9,402 | €12,068 | +€2,665 | +28.3% |
| Profit (loss) for the period | 9904 | €18,199 | €22,854 | +€4,655 | +25.6% |
| Profit (loss) for the period to be appropriated | 9905 | €18,199 | €22,854 | +€4,655 | +25.6% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.