Espace LB: 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 LB
Largest movements
- Tangible fixed assets -€6,589
down €6,589 (-1.9%), from €349,263 to €342,674
of which Land and buildings: -€6,053
- Debts after one year -€11,513
down €11,513 (-8.9%), from €129,270 to €117,757
- Other debts +€10,077
up €10,077 (+14.5%), from €69,281 to €79,358
- Reserves -€6,240
down €6,240 (-6.2%), from €100,020 to €93,781
- Profit (loss) carried forward +€6,006
up €6,006 (+15.9%), from -€37,706 to -€31,700
- Financial income +€4,750
up €4,750 (+488.4%), from €973 to €5,723
of which Non-recurring financial income: +€4,750
- Gross operating margin +€4,088
up €4,088 (+32.8%), from €12,450 to €16,537
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 | €355,781 | €347,810 | -€7,970 | -2.2% |
| Formation expenses | 20 | €3,975 | €977 | -€2,998 | -75.4% |
| Fixed assets | 21/28 | €350,395 | €343,806 | -€6,589 | -1.9% |
| Tangible fixed assets | 22/27 | €349,263 | €342,674 | -€6,589 | -1.9% |
| Land and buildings | 22 | €345,824 | €339,771 | -€6,053 | -1.8% |
| Plant, machinery and equipment | 23 | €3,439 | €2,903 | -€536 | -15.6% |
| Financial fixed assets | 28 | €1,132 | €1,132 | = | 0.0% |
| Current assets | 29/58 | €1,410 | €3,027 | +€1,617 | +114.6% |
| Amounts receivable within one year | 40/41 | - | €2,595 | +€2,595 | |
| Trade receivables | 40 | - | €2,595 | +€2,595 | |
| Cash at bank and in hand | 54/58 | €1,269 | €432 | -€837 | -66.0% |
| Deferred charges and accrued income | 490/1 | €141 | - | -€141 | |
| Total equity and liabilities | 10/49 | €355,781 | €347,810 | -€7,970 | -2.2% |
| Equity | 10/15 | €90,631 | €89,425 | -€1,206 | -1.3% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €100,020 | €93,781 | -€6,240 | -6.2% |
| Tax-exempt reserves | 132 | €100,020 | €93,781 | -€6,240 | -6.2% |
| Profit (loss) carried forward | 14 | -€37,706 | -€31,700 | +€6,006 | +15.9% |
| Investment grants | 15 | €9,725 | €8,753 | -€973 | -10.0% |
| Provisions and deferred taxes | 16 | €51,503 | €48,290 | -€3,213 | -6.2% |
| Deferred taxes | 168 | €51,503 | €48,290 | -€3,213 | -6.2% |
| Amounts payable | 17/49 | €213,647 | €210,095 | -€3,551 | -1.7% |
| Amounts payable after more than one year | 17 | €129,270 | €117,757 | -€11,513 | -8.9% |
| Financial debts | 170/4 | €129,270 | €117,757 | -€11,513 | -8.9% |
| Amounts payable within one year | 42/48 | €83,677 | €92,339 | +€8,662 | +10.4% |
| Current portion of amounts payable after more than one year | 42 | €11,327 | €11,513 | +€186 | +1.6% |
| Trade debts | 44 | €3,068 | €400 | -€2,668 | -87.0% |
| Suppliers | 440/4 | €3,068 | €400 | -€2,668 | -87.0% |
| Taxes, remuneration and social security | 45 | - | €1,068 | +€1,068 | |
| Taxes | 450/3 | - | €1,068 | +€1,068 | |
| Other amounts payable | 47/48 | €69,281 | €79,358 | +€10,077 | +14.5% |
| Accrued charges and deferred income | 492/3 | €700 | - | -€700 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,383 | €20,492 | +€109 | +0.5% |
| Other operating charges | 640/8 | €2,024 | €2,088 | +€64 | +3.2% |
| Gross operating margin | 9900 | €12,450 | €16,537 | +€4,088 | +32.8% |
| Operating profit (loss) | 9901 | -€9,957 | -€6,043 | +€3,915 | +39.3% |
| Financial income | 75/76B | €973 | €5,723 | +€4,750 | +488.4% |
| Recurring financial income | 75 | €973 | €973 | = | 0.0% |
| Non-recurring financial income | 76B | - | €4,750 | +€4,750 | |
| Financial charges | 65/66B | €3,067 | €3,126 | +€59 | +1.9% |
| Recurring financial charges | 65 | €2,559 | €3,126 | +€567 | +22.2% |
| Non-recurring financial charges | 66B | €508 | - | -€508 | |
| Profit (loss) for the period before taxes | 9903 | -€12,052 | -€3,446 | +€8,606 | +71.4% |
| Transfer from deferred taxes | 780 | €3,213 | €3,213 | = | 0.0% |
| Profit (loss) for the period | 9904 | -€8,839 | -€234 | +€8,606 | +97.4% |
| Transfer from tax-exempt reserves | 789 | €6,240 | €6,240 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,600 | €6,006 | +€8,606 |
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 6 October 2026 via checked.be.