ESPACE DESIGN: 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 DESIGN
Largest movements
- Deferred charges and accrued income +€122,072
up €122,072 (+328%), from €37,190 to €159,262
- Cash +€101,345
up €101,345 (+63.5%), from €159,597 to €260,942
mainly Advances received (+€331,947) and Trade debts (+€37,700)
- Tangible fixed assets +€34,708
up €34,708 (+83.0%), from €41,829 to €76,537
of which Furniture and vehicles: +€26,455
- Stocks and contracts +€27,563
up €27,563 (+97.2%), from €28,365 to €55,928
- Advances received +€331,947
up €331,947 (+323%), from €102,742 to €434,689
- Reserves -€85,525
down €85,525 (-45.8%), from €186,890 to €101,365
of which Tax-exempt reserves: -€85,525
- Trade debts +€37,700
up €37,700 (+128%), from €29,391 to €67,091
- Provisions -€21,381
no longer reported in 2025 (was €21,381)
- Other debts +€8,861
up €8,861 (+38.4%), from €23,090 to €31,951
- Financial income -€21,885
down €21,885 (-80.2%), from €27,280 to €5,395
of which Non-recurring financial income: -€21,074
- Gross operating margin +€14,228
up €14,228, from -€5,977 to €8,251
- Depreciation +€4,700
up €4,700 (+50.9%), from €9,234 to €13,934
- Financial charges +€2,731
up €2,731 (+77.3%), from €3,532 to €6,263
- Taxes +€2,386
up €2,386 (+203%), from €1,175 to €3,561
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 | €468,048 | €762,878 | +€294,830 | +63.0% |
| Formation expenses | 20 | €1,299 | €1,036 | -€263 | -20.2% |
| Fixed assets | 21/28 | €41,868 | €79,876 | +€38,008 | +90.8% |
| Tangible fixed assets | 22/27 | €41,829 | €76,537 | +€34,708 | +83.0% |
| Plant, machinery and equipment | 23 | €412 | - | -€412 | |
| Furniture and vehicles | 24 | €964 | €27,419 | +€26,455 | +2,744% |
| Other tangible fixed assets | 26 | €40,453 | €49,118 | +€8,665 | +21.4% |
| Financial fixed assets | 28 | €39 | €3,339 | +€3,300 | +8,462% |
| Current assets | 29/58 | €424,881 | €681,966 | +€257,085 | +60.5% |
| Stocks and contracts in progress | 3 | €28,365 | €55,928 | +€27,563 | +97.2% |
| Stocks | 30/36 | €28,365 | €55,928 | +€27,563 | +97.2% |
| Amounts receivable within one year | 40/41 | €1,196 | €6,106 | +€4,910 | +411% |
| Trade receivables | 40 | €237 | €3,300 | +€3,063 | +1,292% |
| Other amounts receivable | 41 | €959 | €2,806 | +€1,847 | +193% |
| Current investments | 50/53 | €198,533 | €199,728 | +€1,195 | +0.6% |
| Cash at bank and in hand | 54/58 | €159,597 | €260,942 | +€101,345 | +63.5% |
| Deferred charges and accrued income | 490/1 | €37,190 | €159,262 | +€122,072 | +328% |
| Total equity and liabilities | 10/49 | €468,048 | €762,878 | +€294,830 | +63.0% |
| Equity | 10/15 | €263,508 | €186,456 | -€77,052 | -29.2% |
| Contributions | 10/11 | €8,538 | €8,538 | = | 0.0% |
| Reserves | 13 | €186,890 | €101,365 | -€85,525 | -45.8% |
| Tax-exempt reserves | 132 | €134,390 | €48,865 | -€85,525 | -63.6% |
| Distributable reserves | 133 | €52,500 | €52,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €68,080 | €76,553 | +€8,473 | +12.4% |
| Provisions and deferred taxes | 16 | €21,381 | - | -€21,381 | |
| Deferred taxes | 168 | €21,381 | - | -€21,381 | |
| Amounts payable | 17/49 | €183,159 | €576,422 | +€393,263 | +215% |
| Amounts payable after more than one year | 17 | €8,542 | €15,271 | +€6,729 | +78.8% |
| Financial debts | 170/4 | €8,542 | €15,271 | +€6,729 | +78.8% |
| Amounts payable within one year | 42/48 | €171,167 | €561,151 | +€389,984 | +228% |
| Current portion of amounts payable after more than one year | 42 | €8,262 | €16,398 | +€8,136 | +98.5% |
| Trade debts | 44 | €29,391 | €67,091 | +€37,700 | +128% |
| Suppliers | 440/4 | €29,391 | €67,091 | +€37,700 | +128% |
| Advances received on contracts in progress | 46 | €102,742 | €434,689 | +€331,947 | +323% |
| Taxes, remuneration and social security | 45 | €7,682 | €11,022 | +€3,340 | +43.5% |
| Taxes | 450/3 | €7,682 | €11,022 | +€3,340 | +43.5% |
| Other amounts payable | 47/48 | €23,090 | €31,951 | +€8,861 | +38.4% |
| Accrued charges and deferred income | 492/3 | €3,450 | - | -€3,450 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,234 | €13,934 | +€4,700 | +50.9% |
| Other operating charges | 640/8 | €1,289 | €2,796 | +€1,507 | +117% |
| Gross operating margin | 9900 | -€5,977 | €8,251 | +€14,228 | |
| Operating profit (loss) | 9901 | -€16,500 | -€8,479 | +€8,021 | +48.6% |
| Financial income | 75/76B | €27,280 | €5,395 | -€21,885 | -80.2% |
| Recurring financial income | 75 | €6,206 | €5,395 | -€811 | -13.1% |
| Non-recurring financial income | 76B | €21,074 | - | -€21,074 | |
| Financial charges | 65/66B | €3,532 | €6,263 | +€2,731 | +77.3% |
| Recurring financial charges | 65 | €3,532 | €6,263 | +€2,731 | +77.3% |
| Profit (loss) for the period before taxes | 9903 | €7,248 | -€9,347 | -€16,595 | |
| Transfer from deferred taxes | 780 | - | €21,381 | +€21,381 | |
| Income taxes | 67/77 | €1,175 | €3,561 | +€2,386 | +203% |
| Profit (loss) for the period | 9904 | €6,073 | €8,473 | +€2,400 | +39.5% |
| Profit (loss) for the period to be appropriated | 9905 | €6,073 | €8,473 | +€2,400 | +39.5% |
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 16 October 2026 via checked.be.