ESPACE LUXE: 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 LUXE
Largest movements
- Receivables within one year +€129,392
up €129,392 (+397%), from €32,581 to €161,973
of which Other amounts receivable: +€153,928
- Tangible fixed assets -€25,745
down €25,745 (-5.8%), from €447,668 to €421,923
of which Land and buildings: -€21,392
- Cash +€14,730
up €14,730 (+27.0%), from €54,536 to €69,266
mainly Other debts (+€216,339) and Trade debts (+€36,268)
- Other debts +€216,339
up €216,339 (+846%), from €25,586 to €241,925
- Profit (loss) carried forward -€92,499
down €92,499 (-93.5%), from €98,950 to €6,452
- Debts after one year -€42,727
down €42,727 (-41.5%), from €102,887 to €60,160
- Trade debts +€36,268
up €36,268 (+616%), from €5,889 to €42,157
- Gross operating margin -€108,687
down €108,687, from €59,501 to -€49,186
- Financial income +€10,367
up €10,367 (+114%), from €9,071 to €19,438
- Other operating charges -€2,932
down €2,932 (-41.2%), from €7,118 to €4,186
- Financial charges -€1,562
down €1,562 (-4.5%), from €34,381 to €32,819
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 | €666,719 | €784,790 | +€118,071 | +17.7% |
| Fixed assets | 21/28 | €447,851 | €422,107 | -€25,745 | -5.7% |
| Tangible fixed assets | 22/27 | €447,668 | €421,923 | -€25,745 | -5.8% |
| Land and buildings | 22 | €431,652 | €410,260 | -€21,392 | -5.0% |
| Plant, machinery and equipment | 23 | €2,567 | €904 | -€1,663 | -64.8% |
| Furniture and vehicles | 24 | €13,448 | €10,759 | -€2,690 | -20.0% |
| Financial fixed assets | 28 | €183 | €183 | = | 0.0% |
| Current assets | 29/58 | €218,867 | €362,683 | +€143,815 | +65.7% |
| Stocks and contracts in progress | 3 | €129,864 | €129,864 | = | 0.0% |
| Stocks | 30/36 | €129,864 | €129,864 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €32,581 | €161,973 | +€129,392 | +397% |
| Trade receivables | 40 | €31,855 | €7,318 | -€24,536 | -77.0% |
| Other amounts receivable | 41 | €726 | €154,654 | +€153,928 | +21,188% |
| Cash at bank and in hand | 54/58 | €54,536 | €69,266 | +€14,730 | +27.0% |
| Deferred charges and accrued income | 490/1 | €1,885 | €1,580 | -€306 | -16.2% |
| Total equity and liabilities | 10/49 | €666,719 | €784,790 | +€118,071 | +17.7% |
| Equity | 10/15 | €119,410 | €26,912 | -€92,499 | -77.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €98,950 | €6,452 | -€92,499 | -93.5% |
| Amounts payable | 17/49 | €547,309 | €757,878 | +€210,569 | +38.5% |
| Amounts payable after more than one year | 17 | €102,887 | €60,160 | -€42,727 | -41.5% |
| Financial debts | 170/4 | €102,887 | €60,160 | -€42,727 | -41.5% |
| Amounts payable within one year | 42/48 | €439,503 | €692,356 | +€252,853 | +57.5% |
| Current portion of amounts payable after more than one year | 42 | €40,727 | €42,727 | +€2,000 | +4.9% |
| Financial debts | 43 | €365,000 | €365,000 | = | 0.0% |
| Credit institutions | 430/8 | €365,000 | €365,000 | = | 0.0% |
| Trade debts | 44 | €5,889 | €42,157 | +€36,268 | +616% |
| Suppliers | 440/4 | €5,889 | €42,157 | +€36,268 | +616% |
| Taxes, remuneration and social security | 45 | €2,300 | €547 | -€1,753 | -76.2% |
| Taxes | 450/3 | €2,300 | €547 | -€1,753 | -76.2% |
| Other amounts payable | 47/48 | €25,586 | €241,925 | +€216,339 | +846% |
| Accrued charges and deferred income | 492/3 | €4,919 | €5,362 | +€443 | +9.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,515 | €25,745 | +€230 | +0.9% |
| Other operating charges | 640/8 | €7,118 | €4,186 | -€2,932 | -41.2% |
| Gross operating margin | 9900 | €59,501 | -€49,186 | -€108,687 | |
| Operating profit (loss) | 9901 | €26,868 | -€79,117 | -€105,985 | |
| Financial income | 75/76B | €9,071 | €19,438 | +€10,367 | +114% |
| Recurring financial income | 75 | €9,071 | €19,438 | +€10,367 | +114% |
| Financial charges | 65/66B | €34,381 | €32,819 | -€1,562 | -4.5% |
| Recurring financial charges | 65 | €34,381 | €32,819 | -€1,562 | -4.5% |
| Profit (loss) for the period before taxes | 9903 | €1,558 | -€92,498 | -€94,057 | |
| Income taxes | 67/77 | -€561 | €0 | +€561 | |
| Profit (loss) for the period | 9904 | €2,119 | -€92,499 | -€94,618 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,119 | -€92,499 | -€94,618 |
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 15 October 2026 via checked.be.