ESPACE ROYALE: 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 ROYALE
Largest movements
- Cash +€137,401
up €137,401 (+24.9%), from €552,704 to €690,106
mainly Trade debts (+€201,057) and Net result for the year (+€64,522)
- Receivables within one year +€131,873
up €131,873 (+137.3%), from €96,013 to €227,886
of which Other amounts receivable: +€129,390
- Tangible fixed assets +€12,662
up €12,662 (+19.9%), from €63,601 to €76,263
of which Furniture and vehicles: +€15,433
- Trade debts +€201,057
up €201,057 (+43.1%), from €466,984 to €668,041
of which Suppliers: +€205,809
- Profit (loss) carried forward +€64,522
up €64,522 (+41.4%), from €155,732 to €220,254
- Tax, wage and social debts +€13,952
up €13,952 (+17.5%), from €79,675 to €93,627
of which Taxes: +€8,710
- Gross operating margin +€100,416
up €100,416 (+32.1%), from €313,039 to €413,455
- Taxes +€24,613
up €24,613 (+1151.8%), from €2,137 to €26,750
- Staff costs +€16,528
up €16,528 (+7.3%), from €225,363 to €241,891
- Financial charges -€5,375
down €5,375 (-29.4%), from €18,283 to €12,908
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 | €721,577 | €1,001,497 | +€279,920 | +38.8% |
| Fixed assets | 21/28 | €63,601 | €76,263 | +€12,662 | +19.9% |
| Tangible fixed assets | 22/27 | €63,601 | €76,263 | +€12,662 | +19.9% |
| Plant, machinery and equipment | 23 | €24,865 | €25,574 | +€709 | +2.9% |
| Furniture and vehicles | 24 | €16,069 | €31,502 | +€15,433 | +96.0% |
| Other tangible fixed assets | 26 | €22,667 | €19,187 | -€3,480 | -15.4% |
| Current assets | 29/58 | €657,976 | €925,234 | +€267,258 | +40.6% |
| Amounts receivable within one year | 40/41 | €96,013 | €227,886 | +€131,873 | +137.3% |
| Trade receivables | 40 | €0 | €2,482 | +€2,482 | |
| Other amounts receivable | 41 | €96,013 | €225,404 | +€129,390 | +134.8% |
| Cash at bank and in hand | 54/58 | €552,704 | €690,106 | +€137,401 | +24.9% |
| Deferred charges and accrued income | 490/1 | €9,258 | €7,242 | -€2,017 | -21.8% |
| Total equity and liabilities | 10/49 | €721,577 | €1,001,497 | +€279,920 | +38.8% |
| Equity | 10/15 | €174,332 | €238,854 | +€64,522 | +37.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €155,732 | €220,254 | +€64,522 | +41.4% |
| Amounts payable | 17/49 | €547,245 | €762,643 | +€215,398 | +39.4% |
| Amounts payable within one year | 42/48 | €547,245 | €762,643 | +€215,398 | +39.4% |
| Trade debts | 44 | €466,984 | €668,041 | +€201,057 | +43.1% |
| Suppliers | 440/4 | €462,232 | €668,041 | +€205,809 | +44.5% |
| Bills of exchange payable | 441 | €4,752 | €0 | -€4,752 | -100.0% |
| Taxes, remuneration and social security | 45 | €79,675 | €93,627 | +€13,952 | +17.5% |
| Taxes | 450/3 | €25,340 | €34,050 | +€8,710 | +34.4% |
| Remuneration and social security | 454/9 | €54,335 | €59,578 | +€5,242 | +9.6% |
| Other amounts payable | 47/48 | €586 | €975 | +€389 | +66.3% |
| Remuneration, social security and pensions | 62 | €225,363 | €241,891 | +€16,528 | +7.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,710 | €23,340 | +€3,630 | +18.4% |
| Other operating charges | 640/8 | €47,087 | €46,318 | -€769 | -1.6% |
| Gross operating margin | 9900 | €313,039 | €413,455 | +€100,416 | +32.1% |
| Operating profit (loss) | 9901 | €20,879 | €101,906 | +€81,027 | +388.1% |
| Financial income | 75/76B | €2,316 | €2,273 | -€43 | -1.9% |
| Recurring financial income | 75 | €2,316 | €2,273 | -€43 | -1.9% |
| Financial charges | 65/66B | €18,283 | €12,908 | -€5,375 | -29.4% |
| Recurring financial charges | 65 | €18,283 | €12,908 | -€5,375 | -29.4% |
| Profit (loss) for the period before taxes | 9903 | €4,912 | €91,272 | +€86,359 | +1758.1% |
| Income taxes | 67/77 | €2,137 | €26,750 | +€24,613 | +1151.8% |
| Profit (loss) for the period | 9904 | €2,775 | €64,522 | +€61,747 | +2225.0% |
| Profit (loss) for the period to be appropriated | 9905 | €2,775 | €64,522 | +€61,747 | +2225.0% |
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 8 October 2026 via checked.be.