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 -€387,168
down €387,168 (-36.4%), from €1.1m to €676,713
of which Trade receivables: -€484,537
- Cash +€237,140
up €237,140 (+339%), from €70,010 to €307,150
mainly Receivables within one year (+€387,168) and Investment in fixed assets (net) (+€120,631)
- Tangible fixed assets -€142,898
down €142,898 (-77.9%), from €183,548 to €40,650
of which Other tangible fixed assets: -€88,893
- Stocks and contracts -€24,856
down €24,856 (-16.3%), from €152,832 to €127,976
- Trade debts -€295,787
down €295,787 (-56.9%), from €519,786 to €223,999
- Debts after one year -€73,200
down €73,200 (-60.3%), from €121,317 to €48,117
- Other debts +€70,583
up €70,583 (+20.7%), from €340,968 to €411,551
- Tax, wage and social debts -€27,482
down €27,482 (-85.7%), from €32,068 to €4,587
of which Taxes: -€28,745
- Gross operating margin -€120,125
down €120,125 (-56.7%), from €212,020 to €91,895
- Depreciation -€56,777
down €56,777 (-71.8%), from €79,044 to €22,267
- Taxes -€22,450
down €22,450 (-91.6%), from €24,496 to €2,046
- Staff costs -€20,579
no longer reported in 2025 (was €20,579)
- Other operating charges -€8,268
down €8,268 (-59.2%), from €13,969 to €5,701
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.
Derived cash bridge
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 | €1,479,188 | €1,156,478 | -€322,709 | -21.8% |
| Fixed assets | 21/28 | €184,048 | €41,150 | -€142,898 | -77.6% |
| Tangible fixed assets | 22/27 | €183,548 | €40,650 | -€142,898 | -77.9% |
| Plant, machinery and equipment | 23 | €33,346 | €870 | -€32,476 | -97.4% |
| Furniture and vehicles | 24 | €61,309 | €39,780 | -€21,529 | -35.1% |
| Other tangible fixed assets | 26 | €88,893 | - | -€88,893 | |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €1,295,140 | €1,115,329 | -€179,811 | -13.9% |
| Stocks and contracts in progress | 3 | €152,832 | €127,976 | -€24,856 | -16.3% |
| Stocks | 30/36 | €152,832 | €127,976 | -€24,856 | -16.3% |
| Amounts receivable within one year | 40/41 | €1,063,881 | €676,713 | -€387,168 | -36.4% |
| Trade receivables | 40 | €1,063,881 | €579,344 | -€484,537 | -45.5% |
| Other amounts receivable | 41 | - | €97,369 | +€97,369 | |
| Cash at bank and in hand | 54/58 | €70,010 | €307,150 | +€237,140 | +339% |
| Deferred charges and accrued income | 490/1 | €8,417 | €3,490 | -€4,927 | -58.5% |
| Total equity and liabilities | 10/49 | €1,479,188 | €1,156,478 | -€322,709 | -21.8% |
| Equity | 10/15 | €378,078 | €382,640 | +€4,562 | +1.2% |
| Contributions | 10/11 | €152,500 | €152,500 | = | 0.0% |
| Capital | 10 | €152,500 | €152,500 | = | 0.0% |
| Issued capital | 100 | €152,500 | €152,500 | = | 0.0% |
| Reserves | 13 | €20,430 | €20,430 | = | 0.0% |
| Non-distributable reserves | 130/1 | €16,842 | €16,842 | = | 0.0% |
| Legal reserve | 130 | €16,842 | €16,842 | = | 0.0% |
| Distributable reserves | 133 | €3,588 | €3,588 | = | 0.0% |
| Profit (loss) carried forward | 14 | €205,148 | €209,710 | +€4,562 | +2.2% |
| Amounts payable | 17/49 | €1,101,109 | €773,838 | -€327,271 | -29.7% |
| Amounts payable after more than one year | 17 | €121,317 | €48,117 | -€73,200 | -60.3% |
| Financial debts | 170/4 | €121,317 | €48,117 | -€73,200 | -60.3% |
| Amounts payable within one year | 42/48 | €968,588 | €713,336 | -€255,252 | -26.4% |
| Current portion of amounts payable after more than one year | 42 | €75,766 | €73,200 | -€2,566 | -3.4% |
| Trade debts | 44 | €519,786 | €223,999 | -€295,787 | -56.9% |
| Suppliers | 440/4 | €519,786 | €223,999 | -€295,787 | -56.9% |
| Taxes, remuneration and social security | 45 | €32,068 | €4,587 | -€27,482 | -85.7% |
| Taxes | 450/3 | €32,068 | €3,324 | -€28,745 | -89.6% |
| Remuneration and social security | 454/9 | - | €1,263 | +€1,263 | |
| Other amounts payable | 47/48 | €340,968 | €411,551 | +€70,583 | +20.7% |
| Accrued charges and deferred income | 492/3 | €11,204 | €12,385 | +€1,181 | +10.5% |
| Non-recurring operating income | 76A | - | €91,109 | +€91,109 | |
| Remuneration, social security and pensions | 62 | €20,579 | - | -€20,579 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €79,044 | €22,267 | -€56,777 | -71.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€5,649 | -€9,645 | -€3,996 | -70.7% |
| Other operating charges | 640/8 | €13,969 | €5,701 | -€8,268 | -59.2% |
| Non-recurring operating charges | 66A | - | €57,126 | +€57,126 | |
| Gross operating margin | 9900 | €212,020 | €91,895 | -€120,125 | -56.7% |
| Operating profit (loss) | 9901 | €104,077 | €16,447 | -€87,630 | -84.2% |
| Financial income | 75/76B | €11,312 | €6,843 | -€4,469 | -39.5% |
| Recurring financial income | 75 | €11,312 | €6,843 | -€4,469 | -39.5% |
| Financial charges | 65/66B | €23,650 | €16,681 | -€6,969 | -29.5% |
| Recurring financial charges | 65 | €20,395 | €16,681 | -€3,713 | -18.2% |
| Non-recurring financial charges | 66B | €3,255 | - | -€3,255 | |
| Profit (loss) for the period before taxes | 9903 | €91,739 | €6,608 | -€85,130 | -92.8% |
| Income taxes | 67/77 | €24,496 | €2,046 | -€22,450 | -91.6% |
| Profit (loss) for the period | 9904 | €67,242 | €4,562 | -€62,680 | -93.2% |
| Profit (loss) for the period to be appropriated | 9905 | €67,242 | €4,562 | -€62,680 | -93.2% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.