Espace Bruxelles: what changed
Espace Bruxelles
Largest movements
- Tangible fixed assets +€404,071
up €404,071 (+261%), from €154,932 to €559,003
of which Plant, machinery and equipment: +€430,769
- Stocks and contracts +€66,705
up €66,705 (+2,256%), from €2,956 to €69,661
- Cash +€29,076
up €29,076 (+361%), from €8,060 to €37,135
mainly Trade debts (+€407,317) and Debts after one year (+€253,986)
- Receivables within one year -€17,820
down €17,820 (-5.4%), from €327,636 to €309,816
of which Trade receivables: -€196,809
- Trade debts +€407,317
up €407,317 (+124%), from €328,261 to €735,578
- Debts after one year +€253,986
new in 2025: €253,986
- Profit (loss) carried forward -€148,930
down €148,930, from €5,657 to -€143,273
- Other debts -€50,000
no longer reported in 2025 (was €50,000)
- Current portion of long-term debt +€31,828
new in 2025: €31,828
- Gross operating margin -€119,671
down €119,671 (-71.9%), from €166,545 to €46,873
- Staff costs +€44,442
up €44,442 (+48.8%), from €90,984 to €135,426
- Depreciation +€38,019
up €38,019 (+250%), from €15,208 to €53,227
- Financial charges +€12,404
up €12,404 (+394%), from €3,148 to €15,552
- Financial income +€8,379
up €8,379 (+31,012%), from €27 to €8,406
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €493,584 | €975,616 | +€482,031 | +97.7% |
| Fixed assets | 21/28 | €154,932 | €559,003 | +€404,071 | +261% |
| Tangible fixed assets | 22/27 | €154,932 | €559,003 | +€404,071 | +261% |
| Land and buildings | 22 | €14,583 | €11,283 | -€3,300 | -22.6% |
| Plant, machinery and equipment | 23 | €64,134 | €494,902 | +€430,769 | +672% |
| Other tangible fixed assets | 26 | €76,216 | €52,818 | -€23,398 | -30.7% |
| Current assets | 29/58 | €338,652 | €416,612 | +€77,961 | +23.0% |
| Stocks and contracts in progress | 3 | €2,956 | €69,661 | +€66,705 | +2,256% |
| Stocks | 30/36 | €2,956 | €69,661 | +€66,705 | +2,256% |
| Amounts receivable within one year | 40/41 | €327,636 | €309,816 | -€17,820 | -5.4% |
| Trade receivables | 40 | €241,750 | €44,942 | -€196,809 | -81.4% |
| Other amounts receivable | 41 | €85,885 | €264,874 | +€178,989 | +208% |
| Cash at bank and in hand | 54/58 | €8,060 | €37,135 | +€29,076 | +361% |
| Total equity and liabilities | 10/49 | €493,584 | €975,616 | +€482,031 | +97.7% |
| Equity | 10/15 | €7,657 | -€121,773 | -€129,430 | |
| Contributions | 10/11 | €2,000 | €21,500 | +€19,500 | +975% |
| Capital | 10 | €2,000 | €21,500 | +€19,500 | +975% |
| Issued capital | 100 | €2,000 | €21,500 | +€19,500 | +975% |
| Profit (loss) carried forward | 14 | €5,657 | -€143,273 | -€148,930 | |
| Amounts payable | 17/49 | €485,928 | €1,097,389 | +€611,461 | +126% |
| Amounts payable after more than one year | 17 | - | €253,986 | +€253,986 | |
| Financial debts | 170/4 | - | €253,986 | +€253,986 | |
| Amounts payable within one year | 42/48 | €485,928 | €843,402 | +€357,475 | +73.6% |
| Current portion of amounts payable after more than one year | 42 | - | €31,828 | +€31,828 | |
| Trade debts | 44 | €328,261 | €735,578 | +€407,317 | +124% |
| Suppliers | 440/4 | €328,261 | €735,578 | +€407,317 | +124% |
| Taxes, remuneration and social security | 45 | €107,667 | €75,997 | -€31,670 | -29.4% |
| Taxes | 450/3 | €93,249 | €39,690 | -€53,559 | -57.4% |
| Remuneration and social security | 454/9 | €14,418 | €36,307 | +€21,889 | +152% |
| Other amounts payable | 47/48 | €50,000 | - | -€50,000 | |
| Non-recurring operating income | 76A | - | €84,054 | +€84,054 | |
| Remuneration, social security and pensions | 62 | €90,984 | €135,426 | +€44,442 | +48.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,208 | €53,227 | +€38,019 | +250% |
| Gross operating margin | 9900 | €166,545 | €46,873 | -€119,671 | -71.9% |
| Operating profit (loss) | 9901 | €60,353 | -€141,779 | -€202,132 | |
| Financial income | 75/76B | €27 | €8,406 | +€8,379 | +31,012% |
| Recurring financial income | 75 | €27 | €8,406 | +€8,379 | +31,012% |
| Financial charges | 65/66B | €3,148 | €15,552 | +€12,404 | +394% |
| Recurring financial charges | 65 | €3,148 | €15,552 | +€12,404 | +394% |
| Profit (loss) for the period before taxes | 9903 | €57,232 | -€148,924 | -€206,157 | |
| Income taxes | 67/77 | €1,576 | €5 | -€1,571 | -99.7% |
| Profit (loss) for the period | 9904 | €55,657 | -€148,930 | -€204,586 | |
| Profit (loss) for the period to be appropriated | 9905 | €55,657 | -€148,930 | -€204,586 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.