ESPACE-D: 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-D
Largest movements
- Current investments +€30,437
up €30,437 (+11.2%), from €270,750 to €301,187
- Tangible fixed assets +€24,403
up €24,403 (+353%), from €6,920 to €31,322
of which Other tangible fixed assets: +€21,522
- Receivables within one year -€16,779
down €16,779 (-45.1%), from €37,194 to €20,415
of which Trade receivables: -€23,378
- Cash +€11,542
up €11,542 (+23.1%), from €49,872 to €61,414
mainly Other debts (+€287,750) and Net result for the year (+€59,147)
- Other debts +€287,750
up €287,750 (+959%), from €30,000 to €317,750
- Profit (loss) carried forward -€240,853
down €240,853 (-81.4%), from €296,025 to €55,171
- Trade debts +€6,389
up €6,389 (+573%), from €1,116 to €7,505
- Gross operating margin -€35,785
down €35,785 (-32.0%), from €111,889 to €76,104
- Financial income -€7,495
down €7,495 (-51.7%), from €14,494 to €6,999
- Financial charges -€4,833
down €4,833, from €4,583 to -€250
- Depreciation +€1,756
up €1,756 (+41.4%), from €4,241 to €5,997
- Taxes -€1,664
down €1,664 (-9.0%), from €18,425 to €16,761
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 | €367,879 | €417,729 | +€49,850 | +13.6% |
| Fixed assets | 21/28 | €6,920 | €31,322 | +€24,403 | +353% |
| Tangible fixed assets | 22/27 | €6,920 | €31,322 | +€24,403 | +353% |
| Land and buildings | 22 | €1,077 | €934 | -€144 | -13.3% |
| Furniture and vehicles | 24 | €5,842 | €8,866 | +€3,024 | +51.8% |
| Other tangible fixed assets | 26 | - | €21,522 | +€21,522 | |
| Current assets | 29/58 | €360,959 | €386,407 | +€25,448 | +7.1% |
| Amounts receivable within one year | 40/41 | €37,194 | €20,415 | -€16,779 | -45.1% |
| Trade receivables | 40 | €37,194 | €13,815 | -€23,378 | -62.9% |
| Other amounts receivable | 41 | - | €6,600 | +€6,600 | |
| Current investments | 50/53 | €270,750 | €301,187 | +€30,437 | +11.2% |
| Cash at bank and in hand | 54/58 | €49,872 | €61,414 | +€11,542 | +23.1% |
| Deferred charges and accrued income | 490/1 | €3,143 | €3,390 | +€247 | +7.9% |
| Total equity and liabilities | 10/49 | €367,879 | €417,729 | +€49,850 | +13.6% |
| Equity | 10/15 | €316,025 | €75,171 | -€240,853 | -76.2% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €296,025 | €55,171 | -€240,853 | -81.4% |
| Amounts payable | 17/49 | €51,854 | €342,558 | +€290,704 | +561% |
| Amounts payable within one year | 42/48 | €51,854 | €342,558 | +€290,704 | +561% |
| Trade debts | 44 | €1,116 | €7,505 | +€6,389 | +573% |
| Suppliers | 440/4 | €1,116 | €7,505 | +€6,389 | +573% |
| Taxes, remuneration and social security | 45 | €20,738 | €17,303 | -€3,435 | -16.6% |
| Taxes | 450/3 | €20,738 | €17,303 | -€3,435 | -16.6% |
| Other amounts payable | 47/48 | €30,000 | €317,750 | +€287,750 | +959% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,241 | €5,997 | +€1,756 | +41.4% |
| Other operating charges | 640/8 | €1,979 | €1,448 | -€532 | -26.9% |
| Gross operating margin | 9900 | €111,889 | €76,104 | -€35,785 | -32.0% |
| Operating profit (loss) | 9901 | €105,668 | €68,659 | -€37,010 | -35.0% |
| Financial income | 75/76B | €14,494 | €6,999 | -€7,495 | -51.7% |
| Recurring financial income | 75 | €14,494 | €6,999 | -€7,495 | -51.7% |
| Financial charges | 65/66B | €4,583 | -€250 | -€4,833 | |
| Recurring financial charges | 65 | €4,583 | -€250 | -€4,833 | |
| Profit (loss) for the period before taxes | 9903 | €115,579 | €75,908 | -€39,671 | -34.3% |
| Income taxes | 67/77 | €18,425 | €16,761 | -€1,664 | -9.0% |
| Profit (loss) for the period | 9904 | €97,154 | €59,147 | -€38,007 | -39.1% |
| Profit (loss) for the period to be appropriated | 9905 | €97,154 | €59,147 | -€38,007 | -39.1% |
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 27 October 2026 via checked.be.