Espace P...: 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 P...
Largest movements
- Cash +€197,400
up €197,400 (+61.1%), from €323,089 to €520,489
mainly Receivables within one year (+€95,352) and Debts within one year (+€93,984)
- Receivables within one year -€95,352
down €95,352 (-35.4%), from €269,725 to €174,373
of which Other amounts receivable: -€97,517
- Tangible fixed assets +€7,491
up €7,491 (+188.9%), from €3,965 to €11,456
- Debts within one year +€93,984
up €93,984 (+19.9%), from €473,026 to €567,010
of which Tax, wage and social debts: +€47,146
- Accrued charges and deferred income +€7,596
up €7,596 (+38.4%), from €19,791 to €27,387
- Gross operating margin -€77,893
down €77,893 (-4.6%), from €1.7m to €1.6m
- Staff costs -€28,274
down €28,274 (-1.7%), from €1.6m to €1.6m
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 | €606,424 | €714,633 | +€108,209 | +17.8% |
| Fixed assets | 21/28 | €11,905 | €18,971 | +€7,066 | +59.4% |
| Tangible fixed assets | 22/27 | €3,965 | €11,456 | +€7,491 | +188.9% |
| Furniture and vehicles | 24 | €3,965 | €11,456 | +€7,491 | +188.9% |
| Financial fixed assets | 28 | €7,940 | €7,515 | -€425 | -5.4% |
| Current assets | 29/58 | €594,520 | €695,662 | +€101,143 | +17.0% |
| Amounts receivable within one year | 40/41 | €269,725 | €174,373 | -€95,352 | -35.4% |
| Trade receivables | 40 | - | €2,165 | +€2,165 | |
| Other amounts receivable | 41 | €269,725 | €172,208 | -€97,517 | -36.2% |
| Current investments | 50/53 | €1,705 | €800 | -€905 | -53.1% |
| Cash at bank and in hand | 54/58 | €323,089 | €520,489 | +€197,400 | +61.1% |
| Total equity and liabilities | 10/49 | €606,424 | €714,633 | +€108,209 | +17.8% |
| Equity | 10/15 | €113,608 | €120,236 | +€6,628 | +5.8% |
| Profit (loss) carried forward | 14 | €109,820 | €110,850 | +€1,030 | +0.9% |
| Investment grants | 15 | €3,788 | €9,386 | +€5,598 | +147.8% |
| Amounts payable | 17/49 | €492,817 | €594,397 | +€101,580 | +20.6% |
| Amounts payable within one year | 42/48 | €473,026 | €567,010 | +€93,984 | +19.9% |
| Trade debts | 44 | €51,500 | €93,334 | +€41,835 | +81.2% |
| Suppliers | 440/4 | €51,500 | €93,334 | +€41,835 | +81.2% |
| Taxes, remuneration and social security | 45 | €275,947 | €323,093 | +€47,146 | +17.1% |
| Taxes | 450/3 | €46,654 | €54,222 | +€7,568 | +16.2% |
| Remuneration and social security | 454/9 | €229,293 | €268,871 | +€39,578 | +17.3% |
| Accrued charges and deferred income | 492/3 | €19,791 | €27,387 | +€7,596 | +38.4% |
| Non-recurring operating income | 76A | €1,270 | €10,141 | +€8,870 | +698.2% |
| Remuneration, social security and pensions | 62 | €1,625,261 | €1,596,987 | -€28,274 | -1.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,122 | €2,930 | +€809 | +38.1% |
| Other operating charges | 640/8 | €315 | €88 | -€228 | -72.2% |
| Non-recurring operating charges | 66A | €578 | €3,244 | +€2,666 | +460.9% |
| Gross operating margin | 9900 | €1,682,968 | €1,605,076 | -€77,893 | -4.6% |
| Operating profit (loss) | 9901 | €54,692 | €1,826 | -€52,866 | -96.7% |
| Financial income | 75/76B | €1,042 | €42 | -€1,000 | -96.0% |
| Recurring financial income | 75 | €1,042 | €42 | -€1,000 | -96.0% |
| Financial charges | 65/66B | €814 | €838 | +€24 | +3.0% |
| Recurring financial charges | 65 | €814 | €838 | +€24 | +3.0% |
| Profit (loss) for the period before taxes | 9903 | €54,920 | €1,030 | -€53,890 | -98.1% |
| Profit (loss) for the period | 9904 | €54,920 | €1,030 | -€53,890 | -98.1% |
| Profit (loss) for the period to be appropriated | 9905 | €54,920 | €1,030 | -€53,890 | -98.1% |
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 12 October 2026 via checked.be.