ESPACE KWESTO: what changed
What changed
ESPACE KWESTO
NACE 46.190, Agents in non-specialised wholesale trade
filed annual accounts (NBB)
Net result for the year
-€5,654
2024 · €92,830-€98,484
Equity
€965,665
2024 · €971,319-€5,654
Cash
€387,018
2024 · €410,459-€23,440
Balance sheet total
€2.4m
2024 · €2.2m+€132,161
Largest movements
Assets
- Tangible fixed assets +€135,293
up €135,293 (+22.7%), from €597,310 to €732,603
of which Other tangible fixed assets: +€143,904
- Stocks and contracts -€25,633
down €25,633 (-2.5%), from €1.0m to €989,160
Equity and liabilities
- Trade debts +€199,514
up €199,514 (+137%), from €145,310 to €344,824
- Debts after one year -€111,401
down €111,401 (-26.1%), from €427,317 to €315,916
- Short-term financial debts +€100,000
new in 2025: €100,000
- Current portion of long-term debt -€89,257
down €89,257 (-44.5%), from €200,659 to €111,401
- Accrued charges and deferred income +€38,729
up €38,729 (+96.3%), from €40,235 to €78,964
Income statement
- Gross operating margin -€138,386
down €138,386 (-14.4%), from €958,898 to €820,512
- Staff costs -€33,612
down €33,612 (-4.8%), from €702,552 to €668,940
- Financial charges -€17,862
down €17,862 (-31.1%), from €57,415 to €39,553
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€92,830
Gross operating margin
-€138,386
Staff costs
+€33,612
Depreciation
-€5,606
Other operating charges
-€4,950
Other operating items
-€1,092
Financial income
+€155
Financial charges
+€17,862
Taxes
-€79
Result 2025
-€5,654
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€326,376
Investment
-€249,157
Financing
-€100,659
Cash 2024
€410,459
From operations (derived)
+€326,376
Net result for the year
-€5,654
Depreciation
+€107,571
Stocks and contracts
+€25,633
Receivables within one year
-€21,340
Deferred charges and accrued income
-€18,308
Trade debts
+€199,514
Tax, wage and social debts
+€6,011
Other debts
-€5,779
Accrued charges and deferred income
+€38,729
Investment (derived)
-€249,157
Investment in fixed assets (net)
-€249,157
Financing
-€100,659
Debts after one year
-€111,401
Current portion of long-term debt
-€89,257
Short-term financial debts
+€100,000
Cash 2025
€387,018
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,225,036 | €2,357,197 | +€132,161 | +5.9% |
| Fixed assets | 21/28 | €597,560 | €739,146 | +€141,587 | +23.7% |
| Intangible fixed assets | 21 | - | €6,068 | +€6,068 | |
| Tangible fixed assets | 22/27 | €597,310 | €732,603 | +€135,293 | +22.7% |
| Plant, machinery and equipment | 23 | €14,265 | €6,615 | -€7,650 | -53.6% |
| Furniture and vehicles | 24 | €2,619 | €1,658 | -€961 | -36.7% |
| Other tangible fixed assets | 26 | €580,426 | €724,330 | +€143,904 | +24.8% |
| Financial fixed assets | 28 | €250 | €475 | +€225 | +90.0% |
| Current assets | 29/58 | €1,627,476 | €1,618,051 | -€9,426 | -0.6% |
| Stocks and contracts in progress | 3 | €1,014,793 | €989,160 | -€25,633 | -2.5% |
| Stocks | 30/36 | €1,014,793 | €989,160 | -€25,633 | -2.5% |
| Amounts receivable within one year | 40/41 | €174,772 | €196,112 | +€21,340 | +12.2% |
| Trade receivables | 40 | €166 | €2,677 | +€2,511 | +1,515% |
| Other amounts receivable | 41 | €174,607 | €193,436 | +€18,829 | +10.8% |
| Cash at bank and in hand | 54/58 | €410,459 | €387,018 | -€23,440 | -5.7% |
| Deferred charges and accrued income | 490/1 | €27,452 | €45,760 | +€18,308 | +66.7% |
| Total equity and liabilities | 10/49 | €2,225,036 | €2,357,197 | +€132,161 | +5.9% |
| Equity | 10/15 | €971,319 | €965,665 | -€5,654 | -0.6% |
| Contributions | 10/11 | €147,912 | €147,912 | = | 0.0% |
| Capital | 10 | €147,850 | €147,850 | = | 0.0% |
| Issued capital | 100 | €147,850 | €147,850 | = | 0.0% |
| Contributions outside capital | 11 | €62 | €62 | = | 0.0% |
| Share premium | 1100/10 | €62 | €62 | = | 0.0% |
| Reserves | 13 | €892,857 | €892,857 | = | 0.0% |
| Non-distributable reserves | 130/1 | €14,785 | €14,785 | = | 0.0% |
| Legal reserve | 130 | €14,785 | €14,785 | = | 0.0% |
| Distributable reserves | 133 | €878,072 | €878,072 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€69,450 | -€75,104 | -€5,654 | -8.1% |
| Amounts payable | 17/49 | €1,253,717 | €1,391,532 | +€137,815 | +11.0% |
| Amounts payable after more than one year | 17 | €427,317 | €315,916 | -€111,401 | -26.1% |
| Financial debts | 170/4 | €427,317 | €315,916 | -€111,401 | -26.1% |
| Amounts payable within one year | 42/48 | €786,165 | €996,653 | +€210,488 | +26.8% |
| Current portion of amounts payable after more than one year | 42 | €200,659 | €111,401 | -€89,257 | -44.5% |
| Financial debts | 43 | - | €100,000 | +€100,000 | |
| Credit institutions | 430/8 | - | €100,000 | +€100,000 | |
| Trade debts | 44 | €145,310 | €344,824 | +€199,514 | +137% |
| Suppliers | 440/4 | €145,310 | €344,824 | +€199,514 | +137% |
| Taxes, remuneration and social security | 45 | €132,319 | €138,330 | +€6,011 | +4.5% |
| Taxes | 450/3 | €43,799 | €52,108 | +€8,309 | +19.0% |
| Remuneration and social security | 454/9 | €88,520 | €86,222 | -€2,298 | -2.6% |
| Other amounts payable | 47/48 | €307,877 | €302,098 | -€5,779 | -1.9% |
| Accrued charges and deferred income | 492/3 | €40,235 | €78,964 | +€38,729 | +96.3% |
| Remuneration, social security and pensions | 62 | €702,552 | €668,940 | -€33,612 | -4.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €101,964 | €107,571 | +€5,606 | +5.5% |
| Other operating charges | 640/8 | €3,917 | €8,866 | +€4,950 | +126% |
| Non-recurring operating charges | 66A | €220 | €1,312 | +€1,092 | +496% |
| Gross operating margin | 9900 | €958,898 | €820,512 | -€138,386 | -14.4% |
| Operating profit (loss) | 9901 | €150,245 | €33,823 | -€116,422 | -77.5% |
| Financial income | 75/76B | €158 | €313 | +€155 | +98.3% |
| Recurring financial income | 75 | €158 | €313 | +€155 | +98.3% |
| Financial charges | 65/66B | €57,415 | €39,553 | -€17,862 | -31.1% |
| Recurring financial charges | 65 | €57,415 | €39,553 | -€17,862 | -31.1% |
| Profit (loss) for the period before taxes | 9903 | €92,988 | -€5,417 | -€98,405 | |
| Income taxes | 67/77 | €158 | €237 | +€79 | +50.2% |
| Profit (loss) for the period | 9904 | €92,830 | -€5,654 | -€98,484 | |
| Profit (loss) for the period to be appropriated | 9905 | €92,830 | -€5,654 | -€98,484 |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.