ESPACE 3: 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 3
Largest movements
- Cash -€68,644
down €68,644 (-58.2%), from €117,894 to €49,250
mainly Net result for the year (-€27,242) and Debts after one year (-€27,090)
- Tangible fixed assets -€17,184
down €17,184 (-13.0%), from €132,648 to €115,465
of which Leasing and similar rights: -€13,834
- Receivables within one year -€9,930
down €9,930 (-15.8%), from €62,809 to €52,879
of which Other amounts receivable: -€17,308
- Profit (loss) carried forward -€27,242
down €27,242, from €15,624 to -€11,618
- Debts after one year -€27,090
down €27,090 (-41.4%), from €65,423 to €38,333
- Other debts -€24,445
down €24,445 (-24.9%), from €98,149 to €73,704
- Trade debts -€14,645
down €14,645 (-67.8%), from €21,603 to €6,958
- Tax, wage and social debts -€12,550
down €12,550 (-41.0%), from €30,593 to €18,043
of which Taxes: -€12,656
- Gross operating margin -€37,923
down €37,923 (-38.2%), from €99,181 to €61,258
- Taxes -€7,549
down €7,549, from €7,185 to -€365
- Depreciation +€7,123
up €7,123 (+38.1%), from €18,672 to €25,795
- Financial income -€2,154
down €2,154 (-40.1%), from €5,372 to €3,218
of which Non-recurring financial income: -€2,950
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 | €320,816 | €223,426 | -€97,391 | -30.4% |
| Fixed assets | 21/28 | €132,743 | €115,559 | -€17,184 | -12.9% |
| Tangible fixed assets | 22/27 | €132,648 | €115,465 | -€17,184 | -13.0% |
| Land and buildings | 22 | €69,459 | €61,734 | -€7,725 | -11.1% |
| Furniture and vehicles | 24 | €1,858 | €6,233 | +€4,376 | +235.5% |
| Leasing and similar rights | 25 | €61,331 | €47,497 | -€13,834 | -22.6% |
| Financial fixed assets | 28 | €95 | €95 | = | 0.0% |
| Current assets | 29/58 | €188,073 | €107,866 | -€80,207 | -42.6% |
| Stocks and contracts in progress | 3 | €2,500 | €2,500 | = | 0.0% |
| Stocks | 30/36 | €2,500 | €2,500 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €62,809 | €52,879 | -€9,930 | -15.8% |
| Trade receivables | 40 | €37,423 | €44,800 | +€7,378 | +19.7% |
| Other amounts receivable | 41 | €25,386 | €8,078 | -€17,308 | -68.2% |
| Cash at bank and in hand | 54/58 | €117,894 | €49,250 | -€68,644 | -58.2% |
| Deferred charges and accrued income | 490/1 | €4,870 | €3,237 | -€1,633 | -33.5% |
| Total equity and liabilities | 10/49 | €320,816 | €223,426 | -€97,391 | -30.4% |
| Equity | 10/15 | €76,175 | €48,933 | -€27,242 | -35.8% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Capital | 10 | €18,592 | €18,592 | = | 0.0% |
| Issued capital | 100 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €41,959 | €41,959 | = | 0.0% |
| Non-distributable reserves | 130/1 | €41,959 | €41,959 | = | 0.0% |
| Legal reserve | 130 | €1,859 | €1,859 | = | 0.0% |
| Other | 1319 | €40,100 | €40,100 | = | 0.0% |
| Profit (loss) carried forward | 14 | €15,624 | -€11,618 | -€27,242 | |
| Amounts payable | 17/49 | €244,641 | €174,492 | -€70,149 | -28.7% |
| Amounts payable after more than one year | 17 | €65,423 | €38,333 | -€27,090 | -41.4% |
| Financial debts | 170/4 | €65,423 | €38,333 | -€27,090 | -41.4% |
| Amounts payable within one year | 42/48 | €179,217 | €136,159 | -€43,058 | -24.0% |
| Current portion of amounts payable after more than one year | 42 | €28,873 | €29,455 | +€582 | +2.0% |
| Financial debts | 43 | - | €8,000 | +€8,000 | |
| Other loans | 439 | - | €8,000 | +€8,000 | |
| Trade debts | 44 | €21,603 | €6,958 | -€14,645 | -67.8% |
| Suppliers | 440/4 | €21,603 | €6,958 | -€14,645 | -67.8% |
| Taxes, remuneration and social security | 45 | €30,593 | €18,043 | -€12,550 | -41.0% |
| Taxes | 450/3 | €23,195 | €10,539 | -€12,656 | -54.6% |
| Remuneration and social security | 454/9 | €7,398 | €7,504 | +€106 | +1.4% |
| Other amounts payable | 47/48 | €98,149 | €73,704 | -€24,445 | -24.9% |
| Remuneration, social security and pensions | 62 | €55,967 | €55,774 | -€193 | -0.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,672 | €25,795 | +€7,123 | +38.1% |
| Other operating charges | 640/8 | €5,719 | €5,229 | -€489 | -8.6% |
| Gross operating margin | 9900 | €99,181 | €61,258 | -€37,923 | -38.2% |
| Operating profit (loss) | 9901 | €18,824 | -€25,540 | -€44,364 | |
| Financial income | 75/76B | €5,372 | €3,218 | -€2,154 | -40.1% |
| Recurring financial income | 75 | €2,422 | €3,218 | +€796 | +32.8% |
| Non-recurring financial income | 76B | €2,950 | - | -€2,950 | |
| Financial charges | 65/66B | €5,825 | €5,284 | -€541 | -9.3% |
| Recurring financial charges | 65 | €5,825 | €5,284 | -€541 | -9.3% |
| Profit (loss) for the period before taxes | 9903 | €18,371 | -€27,607 | -€45,977 | |
| Income taxes | 67/77 | €7,185 | -€365 | -€7,549 | |
| Profit (loss) for the period | 9904 | €11,186 | -€27,242 | -€38,428 | |
| Profit (loss) for the period to be appropriated | 9905 | €11,186 | -€27,242 | -€38,428 |
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 29 September 2026 via checked.be.