ESPACE NIVELLES: 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 NIVELLES
Largest movements
- Receivables within one year +€1.6m
up €1.6m (+78.2%), from €2.0m to €3.5m
of which Other amounts receivable: +€1.6m
- Stocks and contracts -€692,228
down €692,228 (-45.2%), from €1.5m to €838,258
- Financial fixed assets +€476,319
up €476,319 (+20.4%), from €2.3m to €2.8m
- Cash +€381,366
up €381,366 (+1,016%), from €37,525 to €418,891
mainly Other debts (+€4.9m) and Net result for the year (+€1.5m)
- Other debts +€4.9m
new in 2025: €4.9m
- Profit (loss) carried forward -€3.3m
down €3.3m (-100%), from €3.3m to €0
- Tax, wage and social debts +€191,873
up €191,873 (+52.5%), from €365,444 to €557,318
- Turnover +€1.1m
up €1.1m (+78.3%), from €1.4m to €2.5m
- Gross operating margin +€642,786
up €642,786 (+57.1%), from €1.1m to €1.8m
- Taxes +€191,964
up €191,964 (+52.5%), from €365,802 to €557,766
- Financial income +€98,924
up €98,924 (+43.9%), from €225,106 to €324,030
of which Financial income: +€126,380
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 | €5,895,479 | €7,612,728 | +€1.7m | +29.1% |
| Fixed assets | 21/28 | €2,334,129 | €2,810,448 | +€476,319 | +20.4% |
| Financial fixed assets | 28 | €2,334,129 | €2,810,448 | +€476,319 | +20.4% |
| Current assets | 29/58 | €3,561,350 | €4,802,280 | +€1.2m | +34.8% |
| Stocks and contracts in progress | 3 | €1,530,486 | €838,258 | -€692,228 | -45.2% |
| Stocks | 30/36 | €1,530,486 | €838,258 | -€692,228 | -45.2% |
| Amounts receivable within one year | 40/41 | €1,984,339 | €3,536,131 | +€1.6m | +78.2% |
| Trade receivables | 40 | €70,966 | €3,400 | -€67,566 | -95.2% |
| Other amounts receivable | 41 | €1,913,373 | €3,532,731 | +€1.6m | +84.6% |
| Cash at bank and in hand | 54/58 | €37,525 | €418,891 | +€381,366 | +1,016% |
| Deferred charges and accrued income | 490/1 | €9,000 | €9,000 | = | 0.0% |
| Total equity and liabilities | 10/49 | €5,895,479 | €7,612,728 | +€1.7m | +29.1% |
| Equity | 10/15 | €5,518,008 | €2,173,280 | -€3.3m | -60.6% |
| Contributions | 10/11 | €950,000 | €950,000 | = | 0.0% |
| Capital | 10 | €950,000 | €950,000 | = | 0.0% |
| Issued capital | 100 | €950,000 | €950,000 | = | 0.0% |
| Reserves | 13 | €1,223,280 | €1,223,280 | = | 0.0% |
| Non-distributable reserves | 130/1 | €95,000 | €95,000 | = | 0.0% |
| Legal reserve | 130 | €95,000 | €95,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,128,280 | €1,128,280 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,344,728 | €0 | -€3.3m | -100% |
| Amounts payable | 17/49 | €377,471 | €5,439,448 | +€5.1m | +1,341% |
| Amounts payable within one year | 42/48 | €377,471 | €5,439,448 | +€5.1m | +1,341% |
| Trade debts | 44 | €12,027 | €6,410 | -€5,617 | -46.7% |
| Suppliers | 440/4 | €12,027 | €6,410 | -€5,617 | -46.7% |
| Taxes, remuneration and social security | 45 | €365,444 | €557,318 | +€191,873 | +52.5% |
| Taxes | 450/3 | €365,444 | €557,318 | +€191,873 | +52.5% |
| Other amounts payable | 47/48 | - | €4,875,720 | +€4.9m | |
| Turnover | 70 | €1,392,652 | €2,483,357 | +€1.1m | +78.3% |
| Goods, raw materials, services and sundry goods | 60/61 | €7,441 | €5,709 | -€1,733 | -23.3% |
| Other operating charges | 640/8 | €7,230 | €1,005 | -€6,225 | -86.1% |
| Gross operating margin | 9900 | €1,124,850 | €1,767,636 | +€642,786 | +57.1% |
| Operating profit (loss) | 9901 | €1,117,619 | €1,766,630 | +€649,011 | +58.1% |
| Financial income | 75/76B | €225,106 | €324,030 | +€98,924 | +43.9% |
| Recurring financial income | 75 | €197,650 | €324,030 | +€126,380 | +63.9% |
| Non-recurring financial income | 76B | €27,457 | €0 | -€27,457 | -100% |
| Financial charges | 65/66B | €1 | €1,902 | +€1,901 | +190,139% |
| Recurring financial charges | 65 | €1 | €1,902 | +€1,901 | +190,139% |
| Profit (loss) for the period before taxes | 9903 | €1,342,725 | €2,088,758 | +€746,033 | +55.6% |
| Income taxes | 67/77 | €365,802 | €557,766 | +€191,964 | +52.5% |
| Profit (loss) for the period | 9904 | €976,923 | €1,530,992 | +€554,069 | +56.7% |
| Profit (loss) for the period to be appropriated | 9905 | €976,923 | €1,530,992 | +€554,069 | +56.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.