ESPACE 3B: 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 3B
Largest movements
- Receivables within one year -€55,893
down €55,893 (-23.0%), from €243,246 to €187,353
of which Trade receivables: -€52,337
- Stocks and contracts -€31,238
down €31,238 (-48.0%), from €65,082 to €33,844
- Tangible fixed assets -€23,125
down €23,125 (-31.6%), from €73,281 to €50,156
of which Other tangible fixed assets: -€22,407
- Profit (loss) carried forward -€107,020
down €107,020, from €3,587 to -€103,433
- Advances received -€47,064
down €47,064 (-33.7%), from €139,812 to €92,748
- Tax, wage and social debts +€25,017
new in 2023: €25,017
of which Remuneration and social security: +€22,022
- Trade debts +€19,712
up €19,712 (+49.6%), from €39,736 to €59,448
- Write-downs -€130,300
down €130,300 (-99.7%), from €130,734 to €434
- Gross operating margin -€87,248
down €87,248 (-40.2%), from €216,887 to €129,639
- Staff costs +€38,641
up €38,641 (+23.4%), from €165,150 to €203,791
- Depreciation +€3,589
up €3,589 (+18.2%), from €19,774 to €23,363
- Financial income -€2,966
down €2,966 (-72.6%), from €4,085 to €1,119
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €456,813 | €345,780 | -€111,033 | -24.3% |
| Fixed assets | 21/28 | €73,799 | €50,674 | -€23,125 | -31.3% |
| Tangible fixed assets | 22/27 | €73,281 | €50,156 | -€23,125 | -31.6% |
| Plant, machinery and equipment | 23 | €200 | - | -€200 | |
| Furniture and vehicles | 24 | €518 | - | -€518 | |
| Other tangible fixed assets | 26 | €72,563 | €50,156 | -€22,407 | -30.9% |
| Financial fixed assets | 28 | €518 | €518 | = | 0.0% |
| Current assets | 29/58 | €383,014 | €295,106 | -€87,908 | -23.0% |
| Stocks and contracts in progress | 3 | €65,082 | €33,844 | -€31,238 | -48.0% |
| Stocks | 30/36 | €65,082 | €33,844 | -€31,238 | -48.0% |
| Amounts receivable within one year | 40/41 | €243,246 | €187,353 | -€55,893 | -23.0% |
| Trade receivables | 40 | €79,688 | €27,351 | -€52,337 | -65.7% |
| Other amounts receivable | 41 | €163,558 | €160,002 | -€3,556 | -2.2% |
| Current investments | 50/53 | €30,000 | €30,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €41,696 | €37,200 | -€4,496 | -10.8% |
| Deferred charges and accrued income | 490/1 | €2,990 | €6,709 | +€3,719 | +124.4% |
| Total equity and liabilities | 10/49 | €456,813 | €345,780 | -€111,033 | -24.3% |
| Equity | 10/15 | €275,587 | €168,567 | -€107,020 | -38.8% |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Capital | 10 | €75,000 | - | -€75,000 | |
| Issued capital | 100 | €95,000 | - | -€95,000 | |
| Uncalled capital | 101 | €20,000 | - | -€20,000 | |
| Reserves | 13 | €197,000 | €197,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €9,500 | €9,500 | = | 0.0% |
| Other | 1319 | €9,500 | €9,500 | = | 0.0% |
| Tax-exempt reserves | 132 | €37,500 | €37,500 | = | 0.0% |
| Distributable reserves | 133 | €150,000 | €150,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,587 | -€103,433 | -€107,020 | |
| Amounts payable | 17/49 | €181,226 | €177,213 | -€4,013 | -2.2% |
| Amounts payable within one year | 42/48 | €181,226 | €177,213 | -€4,013 | -2.2% |
| Financial debts | 43 | €1,678 | - | -€1,678 | |
| Credit institutions | 430/8 | €1,678 | - | -€1,678 | |
| Trade debts | 44 | €39,736 | €59,448 | +€19,712 | +49.6% |
| Suppliers | 440/4 | €39,736 | €59,448 | +€19,712 | +49.6% |
| Advances received on contracts in progress | 46 | €139,812 | €92,748 | -€47,064 | -33.7% |
| Taxes, remuneration and social security | 45 | - | €25,017 | +€25,017 | |
| Taxes | 450/3 | - | €2,995 | +€2,995 | |
| Remuneration and social security | 454/9 | - | €22,022 | +€22,022 | |
| Remuneration, social security and pensions | 62 | €165,150 | €203,791 | +€38,641 | +23.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,774 | €23,363 | +€3,589 | +18.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €130,734 | €434 | -€130,300 | -99.7% |
| Other operating charges | 640/8 | €1,222 | €2,094 | +€872 | +71.4% |
| Gross operating margin | 9900 | €216,887 | €129,639 | -€87,248 | -40.2% |
| Operating profit (loss) | 9901 | -€99,993 | -€100,043 | -€50 | -0.1% |
| Financial income | 75/76B | €4,085 | €1,119 | -€2,966 | -72.6% |
| Recurring financial income | 75 | €4,085 | €1,119 | -€2,966 | -72.6% |
| Financial charges | 65/66B | €7,410 | €7,172 | -€238 | -3.2% |
| Recurring financial charges | 65 | €7,410 | €7,172 | -€238 | -3.2% |
| Profit (loss) for the period before taxes | 9903 | -€103,318 | -€106,096 | -€2,778 | -2.7% |
| Income taxes | 67/77 | €462 | €924 | +€462 | +100.0% |
| Profit (loss) for the period | 9904 | -€103,780 | -€107,020 | -€3,240 | -3.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€103,780 | -€107,020 | -€3,240 | -3.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.