ESPACE: 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.
ESPACE
Largest movements
- Cash +€7,680
up €7,680 (+453.8%), from €1,692 to €9,372
mainly Trade debts (+€5,309) and Short-term financial debts (+€4,517)
- Receivables within one year +€4,480
up €4,480 (+9.2%), from €48,546 to €53,026
of which Other amounts receivable: +€4,394
- Tangible fixed assets -€1,730
down €1,730 (-3.5%), from €48,851 to €47,121
of which Other tangible fixed assets: -€1,378
- Trade debts +€5,309
up €5,309 (+211.2%), from €2,514 to €7,823
- Short-term financial debts +€4,517
up €4,517 (+64.7%), from €6,981 to €11,497
- Current portion of long-term debt -€1,810
no longer reported in 2025 (was €1,810)
- Depreciation -€21,400
down €21,400 (-87.8%), from €24,369 to €2,969
- Gross operating margin -€18,532
down €18,532 (-23.5%), from €78,818 to €60,286
- Staff costs +€2,186
up €2,186 (+4.7%), from €46,912 to €49,099
- Other operating charges +€1,293
up €1,293 (+93.8%), from €1,377 to €2,670
- Taxes +€867
up €867 (+42.5%), from €2,037 to €2,904
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 | €104,114 | €114,372 | +€10,257 | +9.9% |
| Fixed assets | 21/28 | €49,272 | €47,543 | -€1,730 | -3.5% |
| Tangible fixed assets | 22/27 | €48,851 | €47,121 | -€1,730 | -3.5% |
| Land and buildings | 22 | €38,258 | €38,258 | = | 0.0% |
| Furniture and vehicles | 24 | €5,684 | €5,332 | -€352 | -6.2% |
| Other tangible fixed assets | 26 | €4,909 | €3,531 | -€1,378 | -28.1% |
| Financial fixed assets | 28 | €421 | €421 | = | 0.0% |
| Current assets | 29/58 | €54,842 | €66,829 | +€11,987 | +21.9% |
| Amounts receivable within one year | 40/41 | €48,546 | €53,026 | +€4,480 | +9.2% |
| Trade receivables | 40 | €15,097 | €15,183 | +€86 | +0.6% |
| Other amounts receivable | 41 | €33,449 | €37,843 | +€4,394 | +13.1% |
| Cash at bank and in hand | 54/58 | €1,692 | €9,372 | +€7,680 | +453.8% |
| Deferred charges and accrued income | 490/1 | €4,603 | €4,431 | -€173 | -3.8% |
| Total equity and liabilities | 10/49 | €104,114 | €114,372 | +€10,257 | +9.9% |
| Equity | 10/15 | €75,041 | €76,109 | +€1,069 | +1.4% |
| Contributions | 10/11 | €61,984 | €61,984 | = | 0.0% |
| Capital | 10 | €61,984 | €61,984 | = | 0.0% |
| Issued capital | 100 | €61,984 | €61,984 | = | 0.0% |
| Reserves | 13 | €5,000 | €5,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €5,000 | €5,000 | = | 0.0% |
| Legal reserve | 130 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €8,057 | €9,125 | +€1,069 | +13.3% |
| Amounts payable | 17/49 | €29,074 | €38,263 | +€9,189 | +31.6% |
| Amounts payable within one year | 42/48 | €29,008 | €37,962 | +€8,954 | +30.9% |
| Current portion of amounts payable after more than one year | 42 | €1,810 | - | -€1,810 | |
| Financial debts | 43 | €6,981 | €11,497 | +€4,517 | +64.7% |
| Credit institutions | 430/8 | €6,981 | €11,497 | +€4,517 | +64.7% |
| Trade debts | 44 | €2,514 | €7,823 | +€5,309 | +211.2% |
| Suppliers | 440/4 | €2,514 | €7,823 | +€5,309 | +211.2% |
| Taxes, remuneration and social security | 45 | €15,902 | €16,840 | +€938 | +5.9% |
| Taxes | 450/3 | €4,778 | €4,952 | +€174 | +3.6% |
| Remuneration and social security | 454/9 | €11,124 | €11,888 | +€764 | +6.9% |
| Other amounts payable | 47/48 | €1,801 | €1,801 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €66 | €301 | +€235 | +357.6% |
| Remuneration, social security and pensions | 62 | €46,912 | €49,099 | +€2,186 | +4.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,369 | €2,969 | -€21,400 | -87.8% |
| Other operating charges | 640/8 | €1,377 | €2,670 | +€1,293 | +93.8% |
| Gross operating margin | 9900 | €78,818 | €60,286 | -€18,532 | -23.5% |
| Operating profit (loss) | 9901 | €6,160 | €5,548 | -€611 | -9.9% |
| Financial income | 75/76B | €77 | €6 | -€71 | -92.5% |
| Recurring financial income | 75 | €77 | €6 | -€71 | -92.5% |
| Financial charges | 65/66B | €1,279 | €1,582 | +€303 | +23.7% |
| Recurring financial charges | 65 | €1,279 | €1,582 | +€303 | +23.7% |
| Profit (loss) for the period before taxes | 9903 | €4,958 | €3,972 | -€986 | -19.9% |
| Income taxes | 67/77 | €2,037 | €2,904 | +€867 | +42.5% |
| Profit (loss) for the period | 9904 | €2,921 | €1,069 | -€1,852 | -63.4% |
| Profit (loss) for the period to be appropriated | 9905 | €2,921 | €1,069 | -€1,852 | -63.4% |
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 1 October 2026 via checked.be.