ESPACE MAN: 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 MAN
Largest movements
- Receivables within one year -€4,671
down €4,671 (-68.8%), from €6,793 to €2,121
of which Trade receivables: -€4,843
- Current investments +€3,850
new in 2025: €3,850
- Tangible fixed assets +€2,154
up €2,154 (+32.2%), from €6,687 to €8,841
of which Other tangible fixed assets: +€3,086
- Cash +€760
up €760 (+10.5%), from €7,207 to €7,967
mainly Net result for the year (+€18,794) and Receivables within one year (+€4,671)
- Profit (loss) carried forward +€18,794
up €18,794 (+15.2%), from -€123,440 to -€104,646
- Debts after one year -€9,538
down €9,538 (-11.4%), from €84,016 to €74,478
- Tax, wage and social debts -€5,364
down €5,364 (-36.3%), from €14,769 to €9,405
of which Remuneration and social security: -€2,962
- Trade debts -€4,598
down €4,598 (-45.8%), from €10,028 to €5,431
- Accrued charges and deferred income +€2,760
new in 2025: €2,760
- Staff costs -€11,011
down €11,011 (-17.4%), from €63,270 to €52,259
- Gross operating margin +€3,415
up €3,415 (+4.6%), from €74,939 to €78,354
- Other operating charges -€1,253
down €1,253 (-53.0%), from €2,363 to €1,110
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 | €29,329 | €31,426 | +€2,096 | +7.1% |
| Fixed assets | 21/28 | €15,329 | €17,483 | +€2,154 | +14.1% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €6,687 | €8,841 | +€2,154 | +32.2% |
| Plant, machinery and equipment | 23 | €3,708 | €2,405 | -€1,302 | -35.1% |
| Furniture and vehicles | 24 | €686 | €1,057 | +€370 | +54.0% |
| Other tangible fixed assets | 26 | €2,293 | €5,379 | +€3,086 | +134.6% |
| Financial fixed assets | 28 | €8,642 | €8,642 | = | 0.0% |
| Current assets | 29/58 | €14,000 | €13,942 | -€58 | -0.4% |
| Amounts receivable within one year | 40/41 | €6,793 | €2,121 | -€4,671 | -68.8% |
| Trade receivables | 40 | €4,843 | - | -€4,843 | |
| Other amounts receivable | 41 | €1,950 | €2,121 | +€171 | +8.8% |
| Current investments | 50/53 | - | €3,850 | +€3,850 | |
| Cash at bank and in hand | 54/58 | €7,207 | €7,967 | +€760 | +10.5% |
| Deferred charges and accrued income | 490/1 | - | €4 | +€4 | |
| Total equity and liabilities | 10/49 | €29,329 | €31,426 | +€2,096 | +7.1% |
| Equity | 10/15 | -€102,980 | -€84,186 | +€18,794 | +18.2% |
| 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 | -€123,440 | -€104,646 | +€18,794 | +15.2% |
| Amounts payable | 17/49 | €132,310 | €115,612 | -€16,698 | -12.6% |
| Amounts payable after more than one year | 17 | €84,016 | €74,478 | -€9,538 | -11.4% |
| Financial debts | 170/4 | €84,016 | €74,478 | -€9,538 | -11.4% |
| Amounts payable within one year | 42/48 | €48,294 | €38,374 | -€9,920 | -20.5% |
| Current portion of amounts payable after more than one year | 42 | €9,377 | €9,538 | +€161 | +1.7% |
| Trade debts | 44 | €10,028 | €5,431 | -€4,598 | -45.8% |
| Suppliers | 440/4 | €10,028 | €5,431 | -€4,598 | -45.8% |
| Taxes, remuneration and social security | 45 | €14,769 | €9,405 | -€5,364 | -36.3% |
| Taxes | 450/3 | €4,505 | €2,102 | -€2,402 | -53.3% |
| Remuneration and social security | 454/9 | €10,265 | €7,303 | -€2,962 | -28.9% |
| Other amounts payable | 47/48 | €14,119 | €14,000 | -€119 | -0.8% |
| Accrued charges and deferred income | 492/3 | - | €2,760 | +€2,760 | |
| Remuneration, social security and pensions | 62 | €63,270 | €52,259 | -€11,011 | -17.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,902 | €2,968 | +€66 | +2.3% |
| Other operating charges | 640/8 | €2,363 | €1,110 | -€1,253 | -53.0% |
| Gross operating margin | 9900 | €74,939 | €78,354 | +€3,415 | +4.6% |
| Operating profit (loss) | 9901 | €6,404 | €22,017 | +€15,612 | +243.8% |
| Financial income | 75/76B | €25 | €49 | +€24 | +97.8% |
| Recurring financial income | 75 | €25 | €49 | +€24 | +97.8% |
| Financial charges | 65/66B | €2,518 | €3,272 | +€753 | +29.9% |
| Recurring financial charges | 65 | €2,518 | €3,272 | +€753 | +29.9% |
| Profit (loss) for the period before taxes | 9903 | €3,911 | €18,794 | +€14,883 | +380.5% |
| Income taxes | 67/77 | €488 | - | -€488 | |
| Profit (loss) for the period | 9904 | €3,423 | €18,794 | +€15,371 | +449.1% |
| Profit (loss) for the period to be appropriated | 9905 | €3,423 | €18,794 | +€15,371 | +449.1% |
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 30 September 2026 via checked.be.