ESPACAT: 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.
ESPACAT
Largest movements
- Cash -€50,199
down €50,199 (-56.9%), from €88,198 to €37,999
mainly Receivables within one year (-€30,232) and Tax, wage and social debts (-€15,162)
- Receivables within one year +€30,232
up €30,232 (+278%), from €10,894 to €41,126
of which Trade receivables: +€24,140
- Tax, wage and social debts -€15,162
down €15,162 (-78.6%), from €19,293 to €4,131
of which Taxes: -€11,443
- Profit (loss) carried forward -€7,486
down €7,486 (-48.2%), from -€15,542 to -€23,028
- Gross operating margin -€99,990
down €99,990 (-85.2%), from €117,402 to €17,412
- Staff costs -€29,560
down €29,560 (-76.2%), from €38,786 to €9,226
- Taxes -€23,165
down €23,165 (-94.9%), from €24,403 to €1,238
- Depreciation +€4,233
up €4,233 (+50.6%), from €8,373 to €12,606
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 | €220,428 | €199,526 | -€20,902 | -9.5% |
| Fixed assets | 21/28 | €119,635 | €119,179 | -€456 | -0.4% |
| Tangible fixed assets | 22/27 | €19,455 | €18,999 | -€456 | -2.3% |
| Furniture and vehicles | 24 | €19,455 | €18,999 | -€456 | -2.3% |
| Financial fixed assets | 28 | €100,180 | €100,180 | = | 0.0% |
| Current assets | 29/58 | €100,793 | €80,347 | -€20,446 | -20.3% |
| Amounts receivable within one year | 40/41 | €10,894 | €41,126 | +€30,232 | +278% |
| Trade receivables | 40 | €4,919 | €29,059 | +€24,140 | +491% |
| Other amounts receivable | 41 | €5,975 | €12,067 | +€6,092 | +102% |
| Cash at bank and in hand | 54/58 | €88,198 | €37,999 | -€50,199 | -56.9% |
| Deferred charges and accrued income | 490/1 | €1,701 | €1,222 | -€479 | -28.2% |
| Total equity and liabilities | 10/49 | €220,428 | €199,526 | -€20,902 | -9.5% |
| Equity | 10/15 | €199,911 | €192,425 | -€7,486 | -3.7% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €196,861 | €196,861 | = | 0.0% |
| Distributable reserves | 133 | €196,861 | €196,861 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€15,542 | -€23,028 | -€7,486 | -48.2% |
| Amounts payable | 17/49 | €20,517 | €7,101 | -€13,416 | -65.4% |
| Amounts payable within one year | 42/48 | €20,517 | €7,101 | -€13,416 | -65.4% |
| Trade debts | 44 | €972 | €1,008 | +€36 | +3.7% |
| Suppliers | 440/4 | €972 | €1,008 | +€36 | +3.7% |
| Taxes, remuneration and social security | 45 | €19,293 | €4,131 | -€15,162 | -78.6% |
| Taxes | 450/3 | €12,613 | €1,170 | -€11,443 | -90.7% |
| Remuneration and social security | 454/9 | €6,680 | €2,961 | -€3,719 | -55.7% |
| Other amounts payable | 47/48 | €252 | €1,962 | +€1,710 | +679% |
| Remuneration, social security and pensions | 62 | €38,786 | €9,226 | -€29,560 | -76.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,373 | €12,606 | +€4,233 | +50.6% |
| Other operating charges | 640/8 | €820 | €1,622 | +€802 | +97.8% |
| Gross operating margin | 9900 | €117,402 | €17,412 | -€99,990 | -85.2% |
| Operating profit (loss) | 9901 | €69,423 | -€6,042 | -€75,465 | |
| Financial income | 75/76B | €80 | €249 | +€169 | +211% |
| Recurring financial income | 75 | €80 | €249 | +€169 | +211% |
| Financial charges | 65/66B | €648 | €455 | -€193 | -29.8% |
| Recurring financial charges | 65 | €648 | €455 | -€193 | -29.8% |
| Profit (loss) for the period before taxes | 9903 | €68,855 | -€6,248 | -€75,103 | |
| Income taxes | 67/77 | €24,403 | €1,238 | -€23,165 | -94.9% |
| Profit (loss) for the period | 9904 | €44,452 | -€7,486 | -€51,938 | |
| Profit (loss) for the period to be appropriated | 9905 | €44,452 | -€7,486 | -€51,938 |
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 25 October 2026 via checked.be.