ESPACE IMMO BRUSSELS: 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 IMMO BRUSSELS
Largest movements
- Receivables within one year +€83,966
up €83,966 (+26.8%), from €313,594 to €397,560
of which Other amounts receivable: +€59,107
- Tangible fixed assets +€62,605
up €62,605 (+329%), from €19,044 to €81,649
of which Other tangible fixed assets: +€63,151
- Cash -€22,646
down €22,646 (-46.7%), from €48,542 to €25,896
mainly Receivables within one year (-€83,966) and Investment in fixed assets (net) (-€80,351)
- Other debts +€82,790
new in 2024: €82,790
- Short-term financial debts -€73,748
down €73,748 (-79.1%), from €93,267 to €19,519
- Trade debts +€46,672
up €46,672 (+140%), from €33,411 to €80,083
- Advances received +€37,542
up €37,542 (+485%), from €7,737 to €45,279
- Debts after one year +€26,755
up €26,755 (+133%), from €20,086 to €46,840
of which Financial debts: +€26,755
- Gross operating margin +€17,893
up €17,893 (+9.3%), from €191,408 to €209,301
- Other operating charges +€15,874
up €15,874 (+165%), from €9,625 to €25,500
- Depreciation +€6,086
up €6,086 (+78.4%), from €7,760 to €13,846
- Taxes -€4,354
down €4,354 (-36.6%), from €11,893 to €7,540
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €413,133 | €546,372 | +€133,239 | +32.3% |
| Fixed assets | 21/28 | €46,872 | €113,377 | +€66,505 | +142% |
| Tangible fixed assets | 22/27 | €19,044 | €81,649 | +€62,605 | +329% |
| Furniture and vehicles | 24 | €16,933 | €16,387 | -€545 | -3.2% |
| Other tangible fixed assets | 26 | €2,111 | €65,262 | +€63,151 | +2,991% |
| Financial fixed assets | 28 | €27,829 | €31,729 | +€3,900 | +14.0% |
| Current assets | 29/58 | €366,261 | €432,995 | +€66,734 | +18.2% |
| Amounts receivable within one year | 40/41 | €313,594 | €397,560 | +€83,966 | +26.8% |
| Trade receivables | 40 | €293,692 | €318,550 | +€24,858 | +8.5% |
| Other amounts receivable | 41 | €19,902 | €79,009 | +€59,107 | +297% |
| Cash at bank and in hand | 54/58 | €48,542 | €25,896 | -€22,646 | -46.7% |
| Deferred charges and accrued income | 490/1 | €4,126 | €9,540 | +€5,414 | +131% |
| Total equity and liabilities | 10/49 | €413,133 | €546,372 | +€133,239 | +32.3% |
| Equity | 10/15 | €168,534 | €171,643 | +€3,109 | +1.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €65,949 | €65,949 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €64,089 | €64,089 | = | 0.0% |
| Profit (loss) carried forward | 14 | €83,985 | €87,093 | +€3,109 | +3.7% |
| Amounts payable | 17/49 | €244,599 | €374,729 | +€130,130 | +53.2% |
| Amounts payable after more than one year | 17 | €20,086 | €46,840 | +€26,755 | +133% |
| Financial debts | 170/4 | €10,646 | €37,400 | +€26,755 | +251% |
| Other amounts payable | 178/9 | €9,440 | €9,440 | = | 0.0% |
| Amounts payable within one year | 42/48 | €224,513 | €327,889 | +€103,376 | +46.0% |
| Current portion of amounts payable after more than one year | 42 | €7,601 | €17,621 | +€10,020 | +132% |
| Financial debts | 43 | €93,267 | €19,519 | -€73,748 | -79.1% |
| Credit institutions | 430/8 | €93,267 | €19,519 | -€73,748 | -79.1% |
| Trade debts | 44 | €33,411 | €80,083 | +€46,672 | +140% |
| Suppliers | 440/4 | €33,411 | €80,083 | +€46,672 | +140% |
| Advances received on contracts in progress | 46 | €7,737 | €45,279 | +€37,542 | +485% |
| Taxes, remuneration and social security | 45 | €82,498 | €82,596 | +€99 | +0.1% |
| Taxes | 450/3 | €70,296 | €61,546 | -€8,751 | -12.4% |
| Remuneration and social security | 454/9 | €12,201 | €21,051 | +€8,850 | +72.5% |
| Other amounts payable | 47/48 | - | €82,790 | +€82,790 | |
| Remuneration, social security and pensions | 62 | €150,078 | €150,240 | +€162 | +0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,760 | €13,846 | +€6,086 | +78.4% |
| Other operating charges | 640/8 | €9,625 | €25,500 | +€15,874 | +165% |
| Gross operating margin | 9900 | €191,408 | €209,301 | +€17,893 | +9.3% |
| Operating profit (loss) | 9901 | €23,945 | €19,716 | -€4,229 | -17.7% |
| Financial income | 75/76B | €6 | €17 | +€11 | +204% |
| Recurring financial income | 75 | €6 | €17 | +€11 | +204% |
| Financial charges | 65/66B | €8,337 | €9,084 | +€747 | +9.0% |
| Recurring financial charges | 65 | €8,337 | €9,084 | +€747 | +9.0% |
| Profit (loss) for the period before taxes | 9903 | €15,614 | €10,649 | -€4,965 | -31.8% |
| Income taxes | 67/77 | €11,893 | €7,540 | -€4,354 | -36.6% |
| Profit (loss) for the period | 9904 | €3,720 | €3,109 | -€612 | -16.4% |
| Profit (loss) for the period to be appropriated | 9905 | €3,720 | €3,109 | -€612 | -16.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.