Espace 43: 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 43
Largest movements
- Receivables within one year +€16,864
up €16,864 (+98.1%), from €17,188 to €34,052
of which Trade receivables: +€15,600
- Tangible fixed assets -€13,873
down €13,873 (-24.3%), from €57,072 to €43,199
of which Other tangible fixed assets: -€8,664
- Intangible fixed assets -€4,125
down €4,125 (-61.2%), from €6,742 to €2,617
- Other debts -€18,102
down €18,102 (-23.0%), from €78,807 to €60,705
- Profit (loss) carried forward +€11,116
up €11,116, from -€8,934 to €2,182
- Trade debts +€3,992
up €3,992 (+65.3%), from €6,113 to €10,105
- Tax, wage and social debts +€1,614
new in 2025: €1,614
- Gross operating margin +€21,422
up €21,422 (+190.6%), from €11,237 to €32,659
- Taxes +€1,614
new in 2025: €1,614
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 | €101,192 | €99,812 | -€1,381 | -1.4% |
| Fixed assets | 21/28 | €63,814 | €45,816 | -€17,998 | -28.2% |
| Intangible fixed assets | 21 | €6,742 | €2,617 | -€4,125 | -61.2% |
| Tangible fixed assets | 22/27 | €57,072 | €43,199 | -€13,873 | -24.3% |
| Plant, machinery and equipment | 23 | €13,382 | €12,520 | -€863 | -6.4% |
| Furniture and vehicles | 24 | €13,140 | €8,795 | -€4,345 | -33.1% |
| Other tangible fixed assets | 26 | €30,549 | €21,884 | -€8,664 | -28.4% |
| Current assets | 29/58 | €37,378 | €53,996 | +€16,617 | +44.5% |
| Amounts receivable within one year | 40/41 | €17,188 | €34,052 | +€16,864 | +98.1% |
| Trade receivables | 40 | €1,702 | €17,302 | +€15,600 | +916.5% |
| Other amounts receivable | 41 | €15,486 | €16,750 | +€1,264 | +8.2% |
| Cash at bank and in hand | 54/58 | €16,840 | €16,792 | -€47 | -0.3% |
| Deferred charges and accrued income | 490/1 | €3,351 | €3,151 | -€199 | -5.9% |
| Total equity and liabilities | 10/49 | €101,192 | €99,812 | -€1,381 | -1.4% |
| Equity | 10/15 | €16,272 | €27,388 | +€11,116 | +68.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €20,206 | €20,206 | = | 0.0% |
| Tax-exempt reserves | 132 | €20,206 | €20,206 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€8,934 | €2,182 | +€11,116 | |
| Amounts payable | 17/49 | €84,920 | €72,424 | -€12,496 | -14.7% |
| Amounts payable within one year | 42/48 | €84,920 | €72,424 | -€12,496 | -14.7% |
| Trade debts | 44 | €6,113 | €10,105 | +€3,992 | +65.3% |
| Suppliers | 440/4 | €6,113 | €10,105 | +€3,992 | +65.3% |
| Taxes, remuneration and social security | 45 | - | €1,614 | +€1,614 | |
| Taxes | 450/3 | - | €1,614 | +€1,614 | |
| Other amounts payable | 47/48 | €78,807 | €60,705 | -€18,102 | -23.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,223 | €19,318 | +€96 | +0.5% |
| Other operating charges | 640/8 | €1,185 | €924 | -€261 | -22.0% |
| Gross operating margin | 9900 | €11,237 | €32,659 | +€21,422 | +190.6% |
| Operating profit (loss) | 9901 | -€9,170 | €12,416 | +€21,587 | |
| Financial income | 75/76B | €468 | €437 | -€32 | -6.7% |
| Recurring financial income | 75 | €468 | €437 | -€32 | -6.7% |
| Financial charges | 65/66B | €232 | €123 | -€108 | -46.8% |
| Recurring financial charges | 65 | €232 | €123 | -€108 | -46.8% |
| Profit (loss) for the period before taxes | 9903 | -€8,934 | €12,730 | +€21,663 | |
| Income taxes | 67/77 | - | €1,614 | +€1,614 | |
| Profit (loss) for the period | 9904 | -€8,934 | €11,116 | +€20,049 | |
| Profit (loss) for the period to be appropriated | 9905 | -€8,934 | €11,116 | +€20,049 |
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 7 October 2026 via checked.be.