ESPACE: 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.
ESPACE
Largest movements
- Tangible fixed assets -€25,883
down €25,883 (-6.7%), from €388,180 to €362,298
of which Land and buildings: -€24,750
- Debts after one year -€19,710
down €19,710 (-2.8%), from €711,630 to €691,920
- Profit (loss) carried forward -€10,363
down €10,363 (-2.2%), from -€468,761 to -€479,124
- Tax, wage and social debts -€8,369
down €8,369 (-51.4%), from €16,288 to €7,920
of which Remuneration and social security: -€4,713
- Trade debts +€5,057
up €5,057 (+27.2%), from €18,565 to €23,622
- Gross operating margin -€26,868
down €26,868 (-25.7%), from €104,549 to €77,681
- Staff costs -€23,685
down €23,685 (-34.9%), from €67,932 to €44,247
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 | €400,852 | €371,461 | -€29,391 | -7.3% |
| Fixed assets | 21/28 | €388,180 | €362,298 | -€25,883 | -6.7% |
| Tangible fixed assets | 22/27 | €388,180 | €362,298 | -€25,883 | -6.7% |
| Land and buildings | 22 | €385,383 | €360,633 | -€24,750 | -6.4% |
| Plant, machinery and equipment | 23 | €2,797 | €1,664 | -€1,133 | -40.5% |
| Current assets | 29/58 | €12,671 | €9,163 | -€3,508 | -27.7% |
| Stocks and contracts in progress | 3 | €1,566 | €1,566 | = | 0.0% |
| Stocks | 30/36 | €1,566 | €1,566 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €1,488 | €2,709 | +€1,221 | +82.0% |
| Trade receivables | 40 | €1,415 | €2,697 | +€1,282 | +90.6% |
| Other amounts receivable | 41 | €73 | €12 | -€61 | -83.5% |
| Cash at bank and in hand | 54/58 | €7,185 | €4,193 | -€2,993 | -41.7% |
| Deferred charges and accrued income | 490/1 | €2,432 | €696 | -€1,736 | -71.4% |
| Total equity and liabilities | 10/49 | €400,852 | €371,461 | -€29,391 | -7.3% |
| Equity | 10/15 | -€450,161 | -€460,524 | -€10,363 | -2.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€468,761 | -€479,124 | -€10,363 | -2.2% |
| Amounts payable | 17/49 | €851,013 | €831,985 | -€19,028 | -2.2% |
| Amounts payable after more than one year | 17 | €711,630 | €691,920 | -€19,710 | -2.8% |
| Financial debts | 170/4 | €711,630 | €691,920 | -€19,710 | -2.8% |
| Amounts payable within one year | 42/48 | €136,949 | €137,632 | +€684 | +0.5% |
| Current portion of amounts payable after more than one year | 42 | €19,205 | €19,710 | +€505 | +2.6% |
| Trade debts | 44 | €18,565 | €23,622 | +€5,057 | +27.2% |
| Suppliers | 440/4 | €18,565 | €23,622 | +€5,057 | +27.2% |
| Advances received on contracts in progress | 46 | €70 | €3,522 | +€3,452 | +4930.8% |
| Taxes, remuneration and social security | 45 | €16,288 | €7,920 | -€8,369 | -51.4% |
| Taxes | 450/3 | €6,079 | €2,423 | -€3,656 | -60.1% |
| Remuneration and social security | 454/9 | €10,209 | €5,496 | -€4,713 | -46.2% |
| Other amounts payable | 47/48 | €82,821 | €82,859 | +€38 | 0.0% |
| Accrued charges and deferred income | 492/3 | €2,434 | €2,433 | -€1 | -0.1% |
| Remuneration, social security and pensions | 62 | €67,932 | €44,247 | -€23,685 | -34.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,431 | €25,883 | -€548 | -2.1% |
| Other operating charges | 640/8 | €7,143 | €6,712 | -€431 | -6.0% |
| Gross operating margin | 9900 | €104,549 | €77,681 | -€26,868 | -25.7% |
| Operating profit (loss) | 9901 | €3,043 | €840 | -€2,203 | -72.4% |
| Financial income | 75/76B | €12 | €63 | +€50 | +403.1% |
| Recurring financial income | 75 | €12 | €63 | +€50 | +403.1% |
| Financial charges | 65/66B | €10,589 | €11,195 | +€606 | +5.7% |
| Recurring financial charges | 65 | €10,589 | €11,195 | +€606 | +5.7% |
| Profit (loss) for the period before taxes | 9903 | -€7,533 | -€10,292 | -€2,759 | -36.6% |
| Income taxes | 67/77 | €70 | €71 | +€1 | +1.9% |
| Profit (loss) for the period | 9904 | -€7,603 | -€10,363 | -€2,760 | -36.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,603 | -€10,363 | -€2,760 | -36.3% |
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 10 October 2026 via checked.be.