ESPACE ALTITUDE: 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 ALTITUDE
Largest movements
- Cash +€1.2m
up €1.2m (+1,875%), from €65,682 to €1.3m
mainly Tax, wage and social debts (+€579,703) and Stocks and contracts (+€338,877)
- Receivables within one year +€570,494
up €570,494 (+630%), from €90,586 to €661,080
of which Trade receivables: +€492,165
- Stocks and contracts -€338,877
down €338,877 (-9.0%), from €3.8m to €3.4m
- Tax, wage and social debts +€579,703
up €579,703, from €0 to €579,703
- Other debts +€307,499
up €307,499 (+17.0%), from €1.8m to €2.1m
- Short-term financial debts +€283,343
up €283,343 (+14.4%), from €2.0m to €2.3m
- Current portion of long-term debt +€210,000
new in 2025: €210,000
- Gross operating margin +€420,852
up €420,852 (+265%), from €158,791 to €579,643
- Taxes +€83,085
new in 2025: €83,085
- Financial charges +€19,419
up €19,419 (+12.4%), from €156,051 to €175,470
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.
Derived cash bridge
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 | €3,929,083 | €5,385,262 | +€1.5m | +37.1% |
| Fixed assets | 21/28 | €14,238 | €6,962 | -€7,276 | -51.1% |
| Tangible fixed assets | 22/27 | €4,431 | €3,577 | -€854 | -19.3% |
| Plant, machinery and equipment | 23 | €291 | €0 | -€291 | -100% |
| Other tangible fixed assets | 26 | €4,140 | €3,577 | -€562 | -13.6% |
| Financial fixed assets | 28 | €9,807 | €3,385 | -€6,422 | -65.5% |
| Current assets | 29/58 | €3,914,845 | €5,378,300 | +€1.5m | +37.4% |
| Stocks and contracts in progress | 3 | €3,758,577 | €3,419,700 | -€338,877 | -9.0% |
| Stocks | 30/36 | €3,758,577 | €3,419,700 | -€338,877 | -9.0% |
| Amounts receivable within one year | 40/41 | €90,586 | €661,080 | +€570,494 | +630% |
| Trade receivables | 40 | €42,000 | €534,165 | +€492,165 | +1,172% |
| Other amounts receivable | 41 | €48,586 | €126,915 | +€78,329 | +161% |
| Cash at bank and in hand | 54/58 | €65,682 | €1,297,519 | +€1.2m | +1,875% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €3,929,083 | €5,385,262 | +€1.5m | +37.1% |
| Equity | 10/15 | €28,960 | €62,927 | +€33,966 | +117% |
| Contributions | 10/11 | €8,060 | €8,060 | = | 0.0% |
| Reserves | 13 | €20,000 | €54,000 | +€34,000 | +170% |
| Distributable reserves | 133 | €20,000 | €54,000 | +€34,000 | +170% |
| Profit (loss) carried forward | 14 | €900 | €867 | -€34 | -3.7% |
| Amounts payable | 17/49 | €3,900,123 | €5,322,335 | +€1.4m | +36.5% |
| Amounts payable within one year | 42/48 | €3,900,123 | €5,322,335 | +€1.4m | +36.5% |
| Current portion of amounts payable after more than one year | 42 | - | €210,000 | +€210,000 | |
| Financial debts | 43 | €1,971,000 | €2,254,343 | +€283,343 | +14.4% |
| Credit institutions | 430/8 | €1,971,000 | €2,254,343 | +€283,343 | +14.4% |
| Trade debts | 44 | €118,886 | €160,553 | +€41,667 | +35.0% |
| Suppliers | 440/4 | €118,886 | €160,553 | +€41,667 | +35.0% |
| Taxes, remuneration and social security | 45 | €0 | €579,703 | +€579,703 | |
| Taxes | 450/3 | €0 | €579,703 | +€579,703 | |
| Other amounts payable | 47/48 | €1,810,237 | €2,117,736 | +€307,499 | +17.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,033 | €854 | -€179 | -17.3% |
| Other operating charges | 640/8 | €1,038 | €1,068 | +€31 | +3.0% |
| Non-recurring operating charges | 66A | - | €300 | +€300 | |
| Gross operating margin | 9900 | €158,791 | €579,643 | +€420,852 | +265% |
| Operating profit (loss) | 9901 | €156,721 | €577,421 | +€420,701 | +268% |
| Financial income | 75/76B | €4 | €100 | +€97 | +2,723% |
| Recurring financial income | 75 | €4 | €100 | +€97 | +2,723% |
| Financial charges | 65/66B | €156,051 | €175,470 | +€19,419 | +12.4% |
| Recurring financial charges | 65 | €156,051 | €175,470 | +€19,419 | +12.4% |
| Profit (loss) for the period before taxes | 9903 | €673 | €402,051 | +€401,378 | +59,606% |
| Income taxes | 67/77 | - | €83,085 | +€83,085 | |
| Profit (loss) for the period | 9904 | €673 | €318,966 | +€318,293 | +47,267% |
| Profit (loss) for the period to be appropriated | 9905 | €673 | €318,966 | +€318,293 | +47,267% |
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 18 October 2026 via checked.be.