ESPACE 202: 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 202
Largest movements
- Receivables within one year +€12,296
up €12,296 (+66.0%), from €18,619 to €30,915
of which Trade receivables: +€11,280
- Tangible fixed assets +€5,493
up €5,493 (+322.9%), from €1,701 to €7,193
- Cash +€1,501
up €1,501 (+76.5%), from €1,961 to €3,463
mainly Other debts (+€15,330) and Net result for the year (+€3,673)
- Other debts +€15,330
up €15,330 (+8.7%), from €176,009 to €191,340
- Profit (loss) carried forward +€3,673
up €3,673 (+2.0%), from -€181,258 to -€177,585
- Gross operating margin +€20,947
up €20,947, from -€11,079 to €9,868
- Depreciation -€5,592
down €5,592 (-74.2%), from €7,536 to €1,944
- Write-downs +€1,209
new in 2025: €1,209
- Financial charges +€318
up €318, from €0 to €318
- Other operating charges +€279
up €279 (+117.3%), from €238 to €516
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 | €22,425 | €41,571 | +€19,146 | +85.4% |
| Fixed assets | 21/28 | €1,701 | €7,193 | +€5,493 | +322.9% |
| Tangible fixed assets | 22/27 | €1,701 | €7,193 | +€5,493 | +322.9% |
| Plant, machinery and equipment | 23 | €1,701 | €7,193 | +€5,493 | +322.9% |
| Current assets | 29/58 | €20,724 | €34,378 | +€13,653 | +65.9% |
| Amounts receivable within one year | 40/41 | €18,619 | €30,915 | +€12,296 | +66.0% |
| Trade receivables | 40 | €17,112 | €28,392 | +€11,280 | +65.9% |
| Other amounts receivable | 41 | €1,507 | €2,523 | +€1,016 | +67.4% |
| Cash at bank and in hand | 54/58 | €1,961 | €3,463 | +€1,501 | +76.5% |
| Deferred charges and accrued income | 490/1 | €144 | €0 | -€144 | -100.0% |
| Total equity and liabilities | 10/49 | €22,425 | €41,571 | +€19,146 | +85.4% |
| Equity | 10/15 | -€153,990 | -€150,317 | +€3,673 | +2.4% |
| Contributions | 10/11 | €24,789 | €24,789 | = | 0.0% |
| Reserves | 13 | €2,479 | €2,479 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,479 | €2,479 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,479 | €2,479 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€181,258 | -€177,585 | +€3,673 | +2.0% |
| Amounts payable | 17/49 | €176,415 | €191,888 | +€15,473 | +8.8% |
| Amounts payable within one year | 42/48 | €176,415 | €191,888 | +€15,473 | +8.8% |
| Trade debts | 44 | €405 | €548 | +€143 | +35.2% |
| Suppliers | 440/4 | €405 | €548 | +€143 | +35.2% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €176,009 | €191,340 | +€15,330 | +8.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,536 | €1,944 | -€5,592 | -74.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €1,209 | +€1,209 | |
| Other operating charges | 640/8 | €238 | €516 | +€279 | +117.3% |
| Non-recurring operating charges | 66A | - | €2,245 | +€2,245 | |
| Gross operating margin | 9900 | -€11,079 | €9,868 | +€20,947 | |
| Operating profit (loss) | 9901 | -€18,853 | €3,955 | +€22,807 | |
| Financial income | 75/76B | €111 | €36 | -€75 | -67.8% |
| Recurring financial income | 75 | €111 | €36 | -€75 | -67.8% |
| Financial charges | 65/66B | €0 | €318 | +€318 | |
| Recurring financial charges | 65 | €0 | €318 | +€318 | |
| Profit (loss) for the period before taxes | 9903 | -€18,742 | €3,673 | +€22,415 | |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€18,742 | €3,673 | +€22,415 | |
| Profit (loss) for the period to be appropriated | 9905 | -€18,742 | €3,673 | +€22,415 |
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 4 October 2026 via checked.be.