ESPACE DU POSSIBLE: 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 DU POSSIBLE
Largest movements
- Cash -€80,413
down €80,413 (-92.1%), from €87,287 to €6,874
mainly Net result for the year (-€248,553) and Investment in fixed assets (net) (-€35,360)
- Receivables within one year +€19,599
up €19,599 (+39.2%), from €49,957 to €69,556
of which Other amounts receivable: +€35,219
- Profit (loss) carried forward -€172,595
down €172,595, from €0 to -€172,595
- Debts after one year +€82,132
up €82,132 (+19.3%), from €426,170 to €508,302
- Reserves -€75,958
down €75,958 (-87.2%), from €87,065 to €11,107
of which Distributable reserves: -€74,098
- Trade debts +€63,485
up €63,485 (+236%), from €26,869 to €90,354
- Current portion of long-term debt +€23,487
up €23,487 (+70.5%), from €33,335 to €56,822
- Gross operating margin -€257,799
down €257,799, from €117,553 to -€140,246
- Depreciation +€6,716
up €6,716 (+22.4%), from €29,932 to €36,648
- Taxes -€5,312
down €5,312 (-100%), from €5,312 to €0
- Staff costs -€4,885
down €4,885 (-10.3%), from €47,265 to €42,380
- Other operating charges -€2,620
down €2,620 (-21.6%), from €12,131 to €9,512
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 | €611,954 | €548,368 | -€63,586 | -10.4% |
| Fixed assets | 21/28 | €465,574 | €464,285 | -€1,288 | -0.3% |
| Intangible fixed assets | 21 | €12,938 | €8,713 | -€4,225 | -32.7% |
| Tangible fixed assets | 22/27 | €452,035 | €454,973 | +€2,937 | +0.6% |
| Land and buildings | 22 | €437,257 | €412,746 | -€24,510 | -5.6% |
| Furniture and vehicles | 24 | €14,779 | €42,226 | +€27,447 | +186% |
| Financial fixed assets | 28 | €600 | €600 | = | 0.0% |
| Current assets | 29/58 | €146,381 | €84,082 | -€62,298 | -42.6% |
| Stocks and contracts in progress | 3 | €1,020 | €1,020 | = | 0.0% |
| Stocks | 30/36 | €1,020 | €1,020 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €49,957 | €69,556 | +€19,599 | +39.2% |
| Trade receivables | 40 | €40,247 | €24,626 | -€15,621 | -38.8% |
| Other amounts receivable | 41 | €9,710 | €44,930 | +€35,219 | +363% |
| Cash at bank and in hand | 54/58 | €87,287 | €6,874 | -€80,413 | -92.1% |
| Deferred charges and accrued income | 490/1 | €8,116 | €6,632 | -€1,484 | -18.3% |
| Total equity and liabilities | 10/49 | €611,954 | €548,368 | -€63,586 | -10.4% |
| Equity | 10/15 | €105,665 | -€142,888 | -€248,553 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €87,065 | €11,107 | -€75,958 | -87.2% |
| Non-distributable reserves | 130/1 | €1,860 | €0 | -€1,860 | -100% |
| Reserves not available under the articles | 1311 | €1,860 | €0 | -€1,860 | -100% |
| Tax-exempt reserves | 132 | €11,107 | €11,107 | = | 0.0% |
| Distributable reserves | 133 | €74,098 | €0 | -€74,098 | -100% |
| Profit (loss) carried forward | 14 | €0 | -€172,595 | -€172,595 | |
| Amounts payable | 17/49 | €506,289 | €691,256 | +€184,967 | +36.5% |
| Amounts payable after more than one year | 17 | €426,170 | €508,302 | +€82,132 | +19.3% |
| Financial debts | 170/4 | €426,170 | €508,302 | +€82,132 | +19.3% |
| Amounts payable within one year | 42/48 | €67,028 | €167,928 | +€100,901 | +151% |
| Current portion of amounts payable after more than one year | 42 | €33,335 | €56,822 | +€23,487 | +70.5% |
| Trade debts | 44 | €26,869 | €90,354 | +€63,485 | +236% |
| Suppliers | 440/4 | €26,869 | €90,354 | +€63,485 | +236% |
| Taxes, remuneration and social security | 45 | €6,824 | €5,834 | -€990 | -14.5% |
| Taxes | 450/3 | €2,599 | €791 | -€1,808 | -69.6% |
| Remuneration and social security | 454/9 | €4,225 | €5,042 | +€817 | +19.3% |
| Other amounts payable | 47/48 | €0 | €14,919 | +€14,919 | |
| Accrued charges and deferred income | 492/3 | €13,091 | €15,025 | +€1,934 | +14.8% |
| Remuneration, social security and pensions | 62 | €47,265 | €42,380 | -€4,885 | -10.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,932 | €36,648 | +€6,716 | +22.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €12,131 | €9,512 | -€2,620 | -21.6% |
| Non-recurring operating charges | 66A | €61 | €46 | -€15 | -24.5% |
| Gross operating margin | 9900 | €117,553 | -€140,246 | -€257,799 | |
| Operating profit (loss) | 9901 | €28,164 | -€228,832 | -€256,996 | |
| Financial income | 75/76B | €0 | €70 | +€70 | +18,450% |
| Recurring financial income | 75 | €0 | €70 | +€70 | +18,450% |
| Financial charges | 65/66B | €17,520 | €19,792 | +€2,273 | +13.0% |
| Recurring financial charges | 65 | €16,534 | €19,197 | +€2,663 | +16.1% |
| Non-recurring financial charges | 66B | €986 | €595 | -€391 | -39.7% |
| Profit (loss) for the period before taxes | 9903 | €10,645 | -€248,553 | -€259,198 | |
| Income taxes | 67/77 | €5,312 | €0 | -€5,312 | -100% |
| Profit (loss) for the period | 9904 | €5,333 | -€248,553 | -€253,886 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,333 | -€248,553 | -€253,886 |
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 21 October 2026 via checked.be.