ESPACE INDIGO: 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 INDIGO
Largest movements
- Receivables within one year -€281,837
down €281,837 (-47.3%), from €595,784 to €313,947
of which Trade receivables: -€257,850
- Cash +€23,751
up €23,751 (+350.9%), from €6,768 to €30,519
mainly Receivables within one year (+€281,837) and Other debts (+€5,039)
- Trade debts -€152,714
down €152,714 (-77.7%), from €196,662 to €43,948
- Debts after one year -€60,000
down €60,000 (-15.8%), from €380,000 to €320,000
- Accrued charges and deferred income -€26,850
no longer reported in 2025 (was €26,850)
- Profit (loss) carried forward -€13,624
down €13,624 (-47.3%), from -€28,816 to -€42,440
- Tax, wage and social debts -€12,258
down €12,258 (-98.9%), from €12,397 to €139
- Gross operating margin -€7,370
down €7,370 (-7.2%), from €102,453 to €95,083
- Depreciation -€5,000
down €5,000 (-62.4%), from €8,008 to €3,008
- Financial income -€1,189
down €1,189 (-99.9%), from €1,190 to €1
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 | €607,263 | €346,686 | -€260,577 | -42.9% |
| Fixed assets | 21/28 | €4,649 | €1,642 | -€3,008 | -64.7% |
| Tangible fixed assets | 22/27 | €4,649 | €1,642 | -€3,008 | -64.7% |
| Plant, machinery and equipment | 23 | €1,884 | - | -€1,884 | |
| Furniture and vehicles | 24 | €2,766 | €1,642 | -€1,124 | -40.6% |
| Current assets | 29/58 | €602,614 | €345,044 | -€257,569 | -42.7% |
| Amounts receivable within one year | 40/41 | €595,784 | €313,947 | -€281,837 | -47.3% |
| Trade receivables | 40 | €569,692 | €311,842 | -€257,850 | -45.3% |
| Other amounts receivable | 41 | €26,092 | €2,105 | -€23,987 | -91.9% |
| Cash at bank and in hand | 54/58 | €6,768 | €30,519 | +€23,751 | +350.9% |
| Deferred charges and accrued income | 490/1 | €61 | €579 | +€517 | +841.4% |
| Total equity and liabilities | 10/49 | €607,263 | €346,686 | -€260,577 | -42.9% |
| Equity | 10/15 | -€8,646 | -€22,440 | -€13,793 | -159.5% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €170 | - | -€170 | |
| Distributable reserves | 133 | €170 | - | -€170 | |
| Profit (loss) carried forward | 14 | -€28,816 | -€42,440 | -€13,624 | -47.3% |
| Amounts payable | 17/49 | €615,909 | €369,126 | -€246,783 | -40.1% |
| Amounts payable after more than one year | 17 | €380,000 | €320,000 | -€60,000 | -15.8% |
| Other amounts payable | 178/9 | €380,000 | €320,000 | -€60,000 | -15.8% |
| Amounts payable within one year | 42/48 | €209,059 | €49,126 | -€159,933 | -76.5% |
| Trade debts | 44 | €196,662 | €43,948 | -€152,714 | -77.7% |
| Suppliers | 440/4 | €196,662 | €43,948 | -€152,714 | -77.7% |
| Taxes, remuneration and social security | 45 | €12,397 | €139 | -€12,258 | -98.9% |
| Taxes | 450/3 | €12,397 | €139 | -€12,258 | -98.9% |
| Other amounts payable | 47/48 | - | €5,039 | +€5,039 | |
| Accrued charges and deferred income | 492/3 | €26,850 | - | -€26,850 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,008 | €3,008 | -€5,000 | -62.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €100,650 | €100,650 | = | 0.0% |
| Non-recurring operating charges | 66A | - | €3,295 | +€3,295 | |
| Gross operating margin | 9900 | €102,453 | €95,083 | -€7,370 | -7.2% |
| Operating profit (loss) | 9901 | -€6,204 | -€11,869 | -€5,665 | -91.3% |
| Financial income | 75/76B | €1,190 | €1 | -€1,189 | -99.9% |
| Recurring financial income | 75 | €1,190 | €1 | -€1,189 | -99.9% |
| Financial charges | 65/66B | €1,526 | €1,786 | +€259 | +17.0% |
| Recurring financial charges | 65 | €1,526 | €1,592 | +€65 | +4.3% |
| Non-recurring financial charges | 66B | - | €194 | +€194 | |
| Profit (loss) for the period before taxes | 9903 | -€6,541 | -€13,654 | -€7,114 | -108.8% |
| Income taxes | 67/77 | €140 | €139 | -€1 | -0.4% |
| Profit (loss) for the period | 9904 | -€6,680 | -€13,793 | -€7,113 | -106.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,680 | -€13,793 | -€7,113 | -106.5% |
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 1 October 2026 via checked.be.