ESPACE NEUF: 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 NEUF
Largest movements
- Receivables within one year +€909,902
up €909,902 (+310%), from €293,777 to €1.2m
of which Trade receivables: +€993,485
- Cash -€65,014
down €65,014 (-70.9%), from €91,713 to €26,699
mainly Receivables within one year (-€909,902) and Investment in fixed assets (net) (-€52,457)
- Deferred charges and accrued income +€46,318
new in 2024: €46,318
- Stocks and contracts -€44,077
no longer reported in 2024 (was €44,077)
- Trade debts +€802,604
up €802,604 (+188%), from €426,392 to €1.2m
- Tax, wage and social debts +€23,458
up €23,458 (+29.9%), from €78,373 to €101,831
of which Remuneration and social security: +€14,666
- Profit (loss) carried forward +€20,262
up €20,262 (+39.4%), from €51,485 to €71,747
- Gross operating margin -€90,059
down €90,059 (-26.3%), from €342,120 to €252,060
- Financial charges -€32,661
down €32,661 (-77.3%), from €42,258 to €9,596
- Other operating charges -€25,637
down €25,637 (-50.0%), from €51,232 to €25,595
- Depreciation +€12,169
up €12,169 (+46.9%), from €25,970 to €38,139
- Taxes -€7,196
down €7,196 (-30.6%), from €23,516 to €16,321
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 | €696,595 | €1,558,043 | +€861,448 | +124% |
| Fixed assets | 21/28 | €117,028 | €131,347 | +€14,319 | +12.2% |
| Tangible fixed assets | 22/27 | €111,178 | €125,497 | +€14,319 | +12.9% |
| Plant, machinery and equipment | 23 | €7,196 | €6,941 | -€255 | -3.5% |
| Furniture and vehicles | 24 | €61,169 | €93,580 | +€32,411 | +53.0% |
| Other tangible fixed assets | 26 | €42,813 | €24,976 | -€17,837 | -41.7% |
| Financial fixed assets | 28 | €5,850 | €5,850 | = | 0.0% |
| Current assets | 29/58 | €579,567 | €1,426,696 | +€847,129 | +146% |
| Amounts receivable after more than one year | 29 | €150,000 | €150,000 | = | 0.0% |
| Other amounts receivable | 291 | €150,000 | €150,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €44,077 | - | -€44,077 | |
| Contracts in progress | 37 | €44,077 | - | -€44,077 | |
| Amounts receivable within one year | 40/41 | €293,777 | €1,203,679 | +€909,902 | +310% |
| Trade receivables | 40 | €209,848 | €1,203,333 | +€993,485 | +473% |
| Other amounts receivable | 41 | €83,929 | €346 | -€83,583 | -99.6% |
| Cash at bank and in hand | 54/58 | €91,713 | €26,699 | -€65,014 | -70.9% |
| Deferred charges and accrued income | 490/1 | - | €46,318 | +€46,318 | |
| Total equity and liabilities | 10/49 | €696,595 | €1,558,043 | +€861,448 | +124% |
| Equity | 10/15 | €157,110 | €177,373 | +€20,262 | +12.9% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €85,626 | €85,626 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | - | -€2,000 | |
| Reserves not available under the articles | 1311 | €2,000 | - | -€2,000 | |
| Tax-exempt reserves | 132 | €18,626 | €18,626 | = | 0.0% |
| Distributable reserves | 133 | €65,000 | €67,000 | +€2,000 | +3.1% |
| Profit (loss) carried forward | 14 | €51,485 | €71,747 | +€20,262 | +39.4% |
| Amounts payable | 17/49 | €539,485 | €1,380,670 | +€841,185 | +156% |
| Amounts payable after more than one year | 17 | €18,053 | €25,255 | +€7,202 | +39.9% |
| Financial debts | 170/4 | €18,053 | €25,255 | +€7,202 | +39.9% |
| Amounts payable within one year | 42/48 | €521,432 | €1,355,415 | +€833,983 | +160% |
| Current portion of amounts payable after more than one year | 42 | €16,667 | €24,588 | +€7,922 | +47.5% |
| Trade debts | 44 | €426,392 | €1,228,996 | +€802,604 | +188% |
| Suppliers | 440/4 | €426,392 | €1,228,996 | +€802,604 | +188% |
| Taxes, remuneration and social security | 45 | €78,373 | €101,831 | +€23,458 | +29.9% |
| Taxes | 450/3 | €62,951 | €71,742 | +€8,791 | +14.0% |
| Remuneration and social security | 454/9 | €15,422 | €30,088 | +€14,666 | +95.1% |
| Remuneration, social security and pensions | 62 | €136,969 | €142,148 | +€5,179 | +3.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,970 | €38,139 | +€12,169 | +46.9% |
| Other operating charges | 640/8 | €51,232 | €25,595 | -€25,637 | -50.0% |
| Gross operating margin | 9900 | €342,120 | €252,060 | -€90,059 | -26.3% |
| Operating profit (loss) | 9901 | €127,949 | €46,179 | -€81,770 | -63.9% |
| Financial charges | 65/66B | €42,258 | €9,596 | -€32,661 | -77.3% |
| Recurring financial charges | 65 | €42,258 | €9,596 | -€32,661 | -77.3% |
| Profit (loss) for the period before taxes | 9903 | €85,691 | €36,583 | -€49,108 | -57.3% |
| Income taxes | 67/77 | €23,516 | €16,321 | -€7,196 | -30.6% |
| Profit (loss) for the period | 9904 | €62,175 | €20,262 | -€41,913 | -67.4% |
| Profit (loss) for the period to be appropriated | 9905 | €62,175 | €20,262 | -€41,913 | -67.4% |
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 24 October 2026 via checked.be.