ESPACE REEL: 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 REEL
Largest movements
- Deferred charges and accrued income -€19,695
down €19,695 (-83.4%), from €23,611 to €3,916
- Tangible fixed assets -€15,802
down €15,802 (-10.2%), from €154,290 to €138,488
of which Furniture and vehicles: -€18,632
- Stocks and contracts +€13,597
up €13,597 (+51.2%), from €26,579 to €40,176
- Cash +€7,114
up €7,114 (+224%), from €3,182 to €10,296
mainly Depreciation (+€28,262) and Deferred charges and accrued income (+€19,695)
- Debts after one year -€27,057
down €27,057 (-33.8%), from €80,089 to €53,032
- Profit (loss) carried forward +€8,499
up €8,499 (+38.4%), from €22,132 to €30,631
- Trade debts +€4,433
up €4,433 (+34.1%), from €12,996 to €17,429
- Other debts -€3,205
down €3,205 (-8.1%), from €39,366 to €36,161
- Tax, wage and social debts +€2,838
up €2,838 (+32.0%), from €8,863 to €11,701
of which Taxes: +€1,988
- Write-downs -€19,188
down €19,188, from €9,594 to -€9,594
- Gross operating margin -€17,771
down €17,771 (-26.5%), from €67,067 to €49,296
- Purchases and services +€17,621
up €17,621 (+22.0%), from €80,068 to €97,688
- Depreciation +€13,999
up €13,999 (+98.1%), from €14,263 to €28,262
- Turnover +€11,661
up €11,661 (+9.4%), from €124,128 to €135,789
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 | €209,281 | €194,928 | -€14,354 | -6.9% |
| Fixed assets | 21/28 | €154,419 | €138,617 | -€15,802 | -10.2% |
| Tangible fixed assets | 22/27 | €154,290 | €138,488 | -€15,802 | -10.2% |
| Land and buildings | 22 | €47,143 | €50,928 | +€3,785 | +8.0% |
| Plant, machinery and equipment | 23 | €3,401 | €2,446 | -€955 | -28.1% |
| Furniture and vehicles | 24 | €103,746 | €85,114 | -€18,632 | -18.0% |
| Financial fixed assets | 28 | €129 | €129 | = | 0.0% |
| Current assets | 29/58 | €54,862 | €56,311 | +€1,449 | +2.6% |
| Stocks and contracts in progress | 3 | €26,579 | €40,176 | +€13,597 | +51.2% |
| Stocks | 30/36 | €26,579 | €40,176 | +€13,597 | +51.2% |
| Amounts receivable within one year | 40/41 | €1,490 | €1,923 | +€433 | +29.1% |
| Trade receivables | 40 | €1,397 | €1,825 | +€428 | +30.7% |
| Other amounts receivable | 41 | €93 | €98 | +€5 | +4.8% |
| Cash at bank and in hand | 54/58 | €3,182 | €10,296 | +€7,114 | +224% |
| Deferred charges and accrued income | 490/1 | €23,611 | €3,916 | -€19,695 | -83.4% |
| Total equity and liabilities | 10/49 | €209,281 | €194,928 | -€14,354 | -6.9% |
| Equity | 10/15 | €40,818 | €49,317 | +€8,499 | +20.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €86 | €86 | = | 0.0% |
| Non-distributable reserves | 130/1 | €86 | €86 | = | 0.0% |
| Reserves not available under the articles | 1311 | €86 | €86 | = | 0.0% |
| Profit (loss) carried forward | 14 | €22,132 | €30,631 | +€8,499 | +38.4% |
| Amounts payable | 17/49 | €168,463 | €145,610 | -€22,853 | -13.6% |
| Amounts payable after more than one year | 17 | €80,089 | €53,032 | -€27,057 | -33.8% |
| Financial debts | 170/4 | €80,089 | €53,032 | -€27,057 | -33.8% |
| Amounts payable within one year | 42/48 | €87,523 | €91,533 | +€4,010 | +4.6% |
| Current portion of amounts payable after more than one year | 42 | €26,299 | €26,243 | -€56 | -0.2% |
| Trade debts | 44 | €12,996 | €17,429 | +€4,433 | +34.1% |
| Suppliers | 440/4 | €12,996 | €17,429 | +€4,433 | +34.1% |
| Taxes, remuneration and social security | 45 | €8,863 | €11,701 | +€2,838 | +32.0% |
| Taxes | 450/3 | €8,594 | €10,582 | +€1,988 | +23.1% |
| Remuneration and social security | 454/9 | €269 | €1,119 | +€850 | +316% |
| Other amounts payable | 47/48 | €39,366 | €36,161 | -€3,205 | -8.1% |
| Accrued charges and deferred income | 492/3 | €851 | €1,045 | +€194 | +22.7% |
| Turnover | 70 | €124,128 | €135,789 | +€11,661 | +9.4% |
| Non-recurring operating income | 76A | €154 | - | -€154 | |
| Goods, raw materials, services and sundry goods | 60/61 | €80,068 | €97,688 | +€17,621 | +22.0% |
| Remuneration, social security and pensions | 62 | €4,643 | €10,306 | +€5,663 | +122% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,263 | €28,262 | +€13,999 | +98.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €9,594 | -€9,594 | -€19,188 | |
| Other operating charges | 640/8 | €2,593 | €2,807 | +€214 | +8.3% |
| Non-recurring operating charges | 66A | €80 | €658 | +€578 | +722% |
| Gross operating margin | 9900 | €67,067 | €49,296 | -€17,771 | -26.5% |
| Operating profit (loss) | 9901 | €35,894 | €16,857 | -€19,037 | -53.0% |
| Financial charges | 65/66B | €3,975 | €3,800 | -€175 | -4.4% |
| Recurring financial charges | 65 | €3,975 | €3,800 | -€175 | -4.4% |
| Profit (loss) for the period before taxes | 9903 | €31,919 | €13,058 | -€18,862 | -59.1% |
| Income taxes | 67/77 | €9,219 | €4,558 | -€4,661 | -50.6% |
| Profit (loss) for the period | 9904 | €22,701 | €8,499 | -€14,201 | -62.6% |
| Profit (loss) for the period to be appropriated | 9905 | €22,701 | €8,499 | -€14,201 | -62.6% |
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 15 October 2026 via checked.be.