ESPACE KARS: 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 KARS
Largest movements
- Stocks and contracts -€16,506
down €16,506 (-66.8%), from €24,693 to €8,188
- Cash -€7,491
down €7,491 (-83.2%), from €9,003 to €1,512
mainly Other debts (-€13,214) and Net result for the year (-€9,998)
- Other debts -€13,214
down €13,214 (-76.2%), from €17,351 to €4,137
- Profit (loss) carried forward -€9,998
down €9,998 (-285.1%), from -€3,507 to -€13,505
- Accrued charges and deferred income -€1,260
down €1,260 (-100.0%), from €1,260 to €0
- Trade debts +€353
up €353 (+78.1%), from €452 to €805
- Gross operating margin -€5,228
down €5,228 (-124.2%), from -€4,209 to -€9,436
- Depreciation -€1,401
down €1,401 (-96.6%), from €1,449 to €49
- Financial charges -€1,296
down €1,296 (-91.9%), from €1,410 to €114
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 | €34,434 | €10,315 | -€24,119 | -70.0% |
| Fixed assets | 21/28 | €249 | €200 | -€49 | -19.5% |
| Tangible fixed assets | 22/27 | €49 | €0 | -€49 | -100.0% |
| Furniture and vehicles | 24 | €49 | €0 | -€49 | -100.0% |
| Financial fixed assets | 28 | €200 | €200 | = | 0.0% |
| Current assets | 29/58 | €34,186 | €10,115 | -€24,071 | -70.4% |
| Stocks and contracts in progress | 3 | €24,693 | €8,188 | -€16,506 | -66.8% |
| Stocks | 30/36 | €24,693 | €8,188 | -€16,506 | -66.8% |
| Amounts receivable within one year | 40/41 | €417 | €416 | -€2 | -0.5% |
| Trade receivables | 40 | €0 | €341 | +€341 | |
| Other amounts receivable | 41 | €417 | €75 | -€343 | -82.1% |
| Cash at bank and in hand | 54/58 | €9,003 | €1,512 | -€7,491 | -83.2% |
| Deferred charges and accrued income | 490/1 | €72 | €0 | -€72 | -100.0% |
| Total equity and liabilities | 10/49 | €34,434 | €10,315 | -€24,119 | -70.0% |
| Equity | 10/15 | €15,371 | €5,373 | -€9,998 | -65.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €278 | €278 | = | 0.0% |
| Distributable reserves | 133 | €278 | €278 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,507 | -€13,505 | -€9,998 | -285.1% |
| Amounts payable | 17/49 | €19,063 | €4,942 | -€14,121 | -74.1% |
| Amounts payable within one year | 42/48 | €17,803 | €4,942 | -€12,861 | -72.2% |
| Trade debts | 44 | €452 | €805 | +€353 | +78.1% |
| Suppliers | 440/4 | €452 | €805 | +€353 | +78.1% |
| Other amounts payable | 47/48 | €17,351 | €4,137 | -€13,214 | -76.2% |
| Accrued charges and deferred income | 492/3 | €1,260 | €0 | -€1,260 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,449 | €49 | -€1,401 | -96.6% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | -€4,209 | -€9,436 | -€5,228 | -124.2% |
| Operating profit (loss) | 9901 | -€6,045 | -€9,884 | -€3,839 | -63.5% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100.0% |
| Financial charges | 65/66B | €1,410 | €114 | -€1,296 | -91.9% |
| Recurring financial charges | 65 | €1,410 | €114 | -€1,296 | -91.9% |
| Profit (loss) for the period before taxes | 9903 | -€7,455 | -€9,998 | -€2,543 | -34.1% |
| Profit (loss) for the period | 9904 | -€7,455 | -€9,998 | -€2,543 | -34.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,455 | -€9,998 | -€2,543 | -34.1% |
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 9 October 2026 via checked.be.