ESPACE MAIN: 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 MAIN
Largest movements
- Cash -€420,629
down €420,629 (-90.3%), from €466,029 to €45,399
mainly Current investments (-€420,000) and Receivables within one year (-€43,078)
- Current investments +€420,000
new in 2025: €420,000
- Receivables within one year +€43,078
up €43,078 (+240.0%), from €17,952 to €61,030
of which Other amounts receivable: +€41,890
- Deferred charges and accrued income -€17,785
down €17,785 (-32.9%), from €54,076 to €36,291
- Tangible fixed assets -€14,582
down €14,582 (-40.0%), from €36,424 to €21,842
of which Furniture and vehicles: -€12,526
- Reserves +€28,685
up €28,685 (+7.0%), from €412,636 to €441,320
of which Distributable reserves: +€28,685
- Other debts -€6,729
down €6,729 (-33.6%), from €20,000 to €13,272
- Gross operating margin -€132,029
down €132,029 (-60.1%), from €219,833 to €87,804
- Taxes -€41,647
down €41,647 (-61.1%), from €68,198 to €26,551
- Financial income -€9,551
down €9,551 (-66.6%), from €14,339 to €4,788
- Staff costs -€6,511
down €6,511 (-42.3%), from €15,391 to €8,880
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 | €582,067 | €592,149 | +€10,082 | +1.7% |
| Fixed assets | 21/28 | €44,010 | €29,428 | -€14,582 | -33.1% |
| Tangible fixed assets | 22/27 | €36,424 | €21,842 | -€14,582 | -40.0% |
| Land and buildings | 22 | €6,162 | €4,768 | -€1,394 | -22.6% |
| Plant, machinery and equipment | 23 | €1,325 | €663 | -€663 | -50.0% |
| Furniture and vehicles | 24 | €28,937 | €16,411 | -€12,526 | -43.3% |
| Financial fixed assets | 28 | €7,586 | €7,586 | = | 0.0% |
| Current assets | 29/58 | €538,057 | €562,721 | +€24,664 | +4.6% |
| Amounts receivable within one year | 40/41 | €17,952 | €61,030 | +€43,078 | +240.0% |
| Trade receivables | 40 | - | €1,189 | +€1,189 | |
| Other amounts receivable | 41 | €17,952 | €59,841 | +€41,890 | +233.3% |
| Current investments | 50/53 | - | €420,000 | +€420,000 | |
| Cash at bank and in hand | 54/58 | €466,029 | €45,399 | -€420,629 | -90.3% |
| Deferred charges and accrued income | 490/1 | €54,076 | €36,291 | -€17,785 | -32.9% |
| Total equity and liabilities | 10/49 | €582,067 | €592,149 | +€10,082 | +1.7% |
| Equity | 10/15 | €525,028 | €553,712 | +€28,685 | +5.5% |
| Contributions | 10/11 | €112,392 | €112,392 | = | 0.0% |
| Reserves | 13 | €412,636 | €441,320 | +€28,685 | +7.0% |
| Non-distributable reserves | 130/1 | €11,859 | €11,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €11,859 | €11,859 | = | 0.0% |
| Distributable reserves | 133 | €400,776 | €429,461 | +€28,685 | +7.2% |
| Amounts payable | 17/49 | €57,039 | €38,436 | -€18,603 | -32.6% |
| Amounts payable within one year | 42/48 | €54,979 | €36,136 | -€18,843 | -34.3% |
| Current portion of amounts payable after more than one year | 42 | €5,910 | - | -€5,910 | |
| Trade debts | 44 | €4,802 | €2,049 | -€2,752 | -57.3% |
| Suppliers | 440/4 | €4,802 | €2,049 | -€2,752 | -57.3% |
| Taxes, remuneration and social security | 45 | €24,268 | €20,816 | -€3,452 | -14.2% |
| Taxes | 450/3 | €22,397 | €18,897 | -€3,500 | -15.6% |
| Remuneration and social security | 454/9 | €1,871 | €1,919 | +€48 | +2.6% |
| Other amounts payable | 47/48 | €20,000 | €13,272 | -€6,729 | -33.6% |
| Accrued charges and deferred income | 492/3 | €2,060 | €2,300 | +€240 | +11.7% |
| Remuneration, social security and pensions | 62 | €15,391 | €8,880 | -€6,511 | -42.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,104 | €12,145 | +€41 | +0.3% |
| Other operating charges | 640/8 | €1,721 | €1,334 | -€387 | -22.5% |
| Gross operating margin | 9900 | €219,833 | €87,804 | -€132,029 | -60.1% |
| Operating profit (loss) | 9901 | €190,617 | €65,444 | -€125,172 | -65.7% |
| Financial income | 75/76B | €14,339 | €4,788 | -€9,551 | -66.6% |
| Recurring financial income | 75 | €14,339 | €4,788 | -€9,551 | -66.6% |
| Financial charges | 65/66B | €1,924 | €1,027 | -€897 | -46.6% |
| Recurring financial charges | 65 | €1,924 | €1,027 | -€897 | -46.6% |
| Profit (loss) for the period before taxes | 9903 | €203,031 | €69,206 | -€133,826 | -65.9% |
| Income taxes | 67/77 | €68,198 | €26,551 | -€41,647 | -61.1% |
| Profit (loss) for the period | 9904 | €134,833 | €42,655 | -€92,179 | -68.4% |
| Profit (loss) for the period to be appropriated | 9905 | €134,833 | €42,655 | -€92,179 | -68.4% |
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 5 October 2026 via checked.be.