ESPACE RENO: what changed
Two fiscal 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 RENO
Largest movements
- Tangible fixed assets +€50,631
up €50,631 (+272.5%), from €18,582 to €69,214
of which Land and buildings: +€61,889
- Cash -€16,113
down €16,113 (-34.9%), from €46,128 to €30,015
mainly Investment in fixed assets (net) (-€64,721) and Trade debts (-€4,102)
- Debts after one year +€18,403
new in 2025: €18,403
- Reserves +€11,354
up €11,354 (+39.9%), from €28,479 to €39,833
of which Distributable reserves: +€11,354
- Tax, wage and social debts +€5,149
up €5,149 (+257.5%), from €2,000 to €7,149
of which Taxes: +€3,885
- Current portion of long-term debt +€4,301
new in 2025: €4,301
- Trade debts -€4,102
down €4,102 (-99.3%), from €4,130 to €28
- Turnover -€229,176
no longer reported in 2025 (was €229,176)
- Gross operating margin +€15,721
up €15,721 (+127.3%), from €12,349 to €28,070
- Depreciation +€2,986
up €2,986 (+26.9%), from €11,103 to €14,089
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 | €81,329 | €116,475 | +€35,146 | +43.2% |
| Fixed assets | 21/28 | €18,582 | €69,214 | +€50,631 | +272.5% |
| Tangible fixed assets | 22/27 | €18,582 | €69,214 | +€50,631 | +272.5% |
| Land and buildings | 22 | - | €61,889 | +€61,889 | |
| Plant, machinery and equipment | 23 | €2,580 | €1,995 | -€586 | -22.7% |
| Furniture and vehicles | 24 | €16,002 | €5,330 | -€10,672 | -66.7% |
| Current assets | 29/58 | €62,747 | €47,261 | -€15,485 | -24.7% |
| Stocks and contracts in progress | 3 | €3,800 | €3,800 | = | 0.0% |
| Stocks | 30/36 | €3,800 | €3,800 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €12,766 | €13,224 | +€458 | +3.6% |
| Trade receivables | 40 | €2,484 | €315 | -€2,169 | -87.3% |
| Other amounts receivable | 41 | €10,282 | €12,909 | +€2,627 | +25.5% |
| Cash at bank and in hand | 54/58 | €46,128 | €30,015 | -€16,113 | -34.9% |
| Deferred charges and accrued income | 490/1 | €54 | €223 | +€169 | +315.4% |
| Total equity and liabilities | 10/49 | €81,329 | €116,475 | +€35,146 | +43.2% |
| Equity | 10/15 | €75,199 | €86,553 | +€11,354 | +15.1% |
| Contributions | 10/11 | €24,789 | €24,789 | = | 0.0% |
| Reserves | 13 | €28,479 | €39,833 | +€11,354 | +39.9% |
| Non-distributable reserves | 130/1 | €2,479 | €2,479 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,479 | €2,479 | = | 0.0% |
| Distributable reserves | 133 | €26,000 | €37,354 | +€11,354 | +43.7% |
| Profit (loss) carried forward | 14 | €21,931 | €21,931 | = | 0.0% |
| Amounts payable | 17/49 | €6,130 | €29,923 | +€23,792 | +388.1% |
| Amounts payable after more than one year | 17 | - | €18,403 | +€18,403 | |
| Financial debts | 170/4 | - | €18,403 | +€18,403 | |
| Amounts payable within one year | 42/48 | €6,130 | €11,479 | +€5,348 | +87.2% |
| Current portion of amounts payable after more than one year | 42 | - | €4,301 | +€4,301 | |
| Trade debts | 44 | €4,130 | €28 | -€4,102 | -99.3% |
| Suppliers | 440/4 | €4,130 | €28 | -€4,102 | -99.3% |
| Taxes, remuneration and social security | 45 | €2,000 | €7,149 | +€5,149 | +257.5% |
| Taxes | 450/3 | - | €3,885 | +€3,885 | |
| Remuneration and social security | 454/9 | €2,000 | €3,264 | +€1,264 | +63.2% |
| Accrued charges and deferred income | 492/3 | - | €41 | +€41 | |
| Turnover | 70 | €229,176 | - | -€229,176 | |
| Non-recurring operating income | 76A | - | €81 | +€81 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,103 | €14,089 | +€2,986 | +26.9% |
| Other operating charges | 640/8 | €817 | €939 | +€122 | +14.9% |
| Non-recurring operating charges | 66A | €1,260 | €78 | -€1,182 | -93.8% |
| Gross operating margin | 9900 | €12,349 | €28,070 | +€15,721 | +127.3% |
| Operating profit (loss) | 9901 | -€831 | €12,964 | +€13,795 | |
| Financial income | 75/76B | €261 | €351 | +€90 | +34.5% |
| Recurring financial income | 75 | €261 | €351 | +€90 | +34.5% |
| Financial charges | 65/66B | €344 | €521 | +€177 | +51.6% |
| Recurring financial charges | 65 | €344 | €521 | +€177 | +51.6% |
| Profit (loss) for the period before taxes | 9903 | -€914 | €12,794 | +€13,708 | |
| Income taxes | 67/77 | - | €1,440 | +€1,440 | |
| Profit (loss) for the period | 9904 | -€914 | €11,354 | +€12,268 | |
| Profit (loss) for the period to be appropriated | 9905 | -€914 | €11,354 | +€12,268 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.