ESPACE IMAGE: what changed
Two fiscal 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 IMAGE
Largest movements
- Tangible fixed assets -€12,071
down €12,071 (-21.3%), from €56,584 to €44,513
of which Plant, machinery and equipment: -€7,950
- Cash -€8,770
down €8,770 (-17.9%), from €49,012 to €40,242
mainly Other debts (-€18,215) and Investment in fixed assets (net) (-€12,066)
- Receivables within one year -€6,405
down €6,405 (-36.2%), from €17,683 to €11,279
of which Trade receivables: -€8,133
- Stocks and contracts +€3,378
up €3,378 (+35.1%), from €9,612 to €12,990
- Deferred charges and accrued income -€1,643
down €1,643 (-14.6%), from €11,283 to €9,640
- Other debts -€18,215
down €18,215 (-97.0%), from €18,771 to €557
- Tax, wage and social debts -€4,407
down €4,407 (-24.2%), from €18,186 to €13,778
of which Taxes: -€2,584
- Debts after one year -€3,771
down €3,771 (-45.7%), from €8,256 to €4,485
- Profit (loss) carried forward +€2,791
up €2,791 (+3.7%), from €76,031 to €78,822
- Trade debts -€1,452
down €1,452 (-10.1%), from €14,398 to €12,946
- Staff costs +€17,788
up €17,788 (+38.9%), from €45,676 to €63,464
- Gross operating margin -€11,378
down €11,378 (-9.7%), from €117,392 to €106,014
- Other operating charges -€5,555
down €5,555 (-57.2%), from €9,709 to €4,153
- Taxes -€4,733
down €4,733 (-63.1%), from €7,506 to €2,773
- Financial charges +€1,177
up €1,177 (+15.0%), from €7,848 to €9,026
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.
Cash bridge derived
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 | €144,174 | €118,663 | -€25,511 | -17.7% |
| Fixed assets | 21/28 | €56,584 | €44,513 | -€12,071 | -21.3% |
| Tangible fixed assets | 22/27 | €56,584 | €44,513 | -€12,071 | -21.3% |
| Plant, machinery and equipment | 23 | €33,200 | €25,250 | -€7,950 | -23.9% |
| Furniture and vehicles | 24 | €23,384 | €17,131 | -€6,253 | -26.7% |
| Other tangible fixed assets | 26 | - | €2,132 | +€2,132 | |
| Current assets | 29/58 | €87,589 | €74,150 | -€13,439 | -15.3% |
| Stocks and contracts in progress | 3 | €9,612 | €12,990 | +€3,378 | +35.1% |
| Stocks | 30/36 | €9,612 | €12,990 | +€3,378 | +35.1% |
| Amounts receivable within one year | 40/41 | €17,683 | €11,279 | -€6,405 | -36.2% |
| Trade receivables | 40 | €17,683 | €9,551 | -€8,133 | -46.0% |
| Other amounts receivable | 41 | - | €1,728 | +€1,728 | |
| Cash at bank and in hand | 54/58 | €49,012 | €40,242 | -€8,770 | -17.9% |
| Deferred charges and accrued income | 490/1 | €11,283 | €9,640 | -€1,643 | -14.6% |
| Total equity and liabilities | 10/49 | €144,174 | €118,663 | -€25,511 | -17.7% |
| Equity | 10/15 | €80,031 | €82,822 | +€2,791 | +3.5% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €76,031 | €78,822 | +€2,791 | +3.7% |
| Amounts payable | 17/49 | €64,143 | €35,841 | -€28,302 | -44.1% |
| Amounts payable after more than one year | 17 | €8,256 | €4,485 | -€3,771 | -45.7% |
| Financial debts | 170/4 | €8,256 | €4,485 | -€3,771 | -45.7% |
| Amounts payable within one year | 42/48 | €55,887 | €31,051 | -€24,835 | -44.4% |
| Current portion of amounts payable after more than one year | 42 | €4,531 | €3,771 | -€761 | -16.8% |
| Trade debts | 44 | €14,398 | €12,946 | -€1,452 | -10.1% |
| Suppliers | 440/4 | €14,398 | €12,946 | -€1,452 | -10.1% |
| Taxes, remuneration and social security | 45 | €18,186 | €13,778 | -€4,407 | -24.2% |
| Taxes | 450/3 | €6,427 | €3,843 | -€2,584 | -40.2% |
| Remuneration and social security | 454/9 | €11,759 | €9,935 | -€1,824 | -15.5% |
| Other amounts payable | 47/48 | €18,771 | €557 | -€18,215 | -97.0% |
| Accrued charges and deferred income | 492/3 | - | €304 | +€304 | |
| Remuneration, social security and pensions | 62 | €45,676 | €63,464 | +€17,788 | +38.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,551 | €24,137 | +€586 | +2.5% |
| Other operating charges | 640/8 | €9,709 | €4,153 | -€5,555 | -57.2% |
| Gross operating margin | 9900 | €117,392 | €106,014 | -€11,378 | -9.7% |
| Operating profit (loss) | 9901 | €38,456 | €14,260 | -€24,196 | -62.9% |
| Financial income | 75/76B | €335 | €330 | -€5 | -1.6% |
| Recurring financial income | 75 | €335 | €330 | -€5 | -1.6% |
| Financial charges | 65/66B | €7,848 | €9,026 | +€1,177 | +15.0% |
| Recurring financial charges | 65 | €7,848 | €9,026 | +€1,177 | +15.0% |
| Profit (loss) for the period before taxes | 9903 | €30,943 | €5,564 | -€25,378 | -82.0% |
| Income taxes | 67/77 | €7,506 | €2,773 | -€4,733 | -63.1% |
| Profit (loss) for the period | 9904 | €23,437 | €2,791 | -€20,646 | -88.1% |
| Profit (loss) for the period to be appropriated | 9905 | €23,437 | €2,791 | -€20,646 | -88.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.