ESPACE-SECURITY: 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-SECURITY
Largest movements
- Cash +€11,316
up €11,316 (+72.5%), from €15,609 to €26,925
mainly Depreciation (+€12,343) and Deferred charges and accrued income (+€8,548)
- Tangible fixed assets -€10,132
down €10,132 (-6.4%), from €157,329 to €147,197
of which Land and buildings: -€5,738
- Deferred charges and accrued income -€8,548
down €8,548 (-69.0%), from €12,383 to €3,836
- Receivables within one year -€5,298
down €5,298 (-21.0%), from €25,234 to €19,936
of which Trade receivables: -€6,491
- Profit (loss) carried forward -€6,135
down €6,135 (-14.5%), from €42,413 to €36,278
- Debts after one year -€6,043
down €6,043 (-14.1%), from €42,837 to €36,793
- Tax, wage and social debts -€2,582
down €2,582 (-72.1%), from €3,582 to €999
- Other debts +€2,451
up €2,451 (+16.1%), from €15,177 to €17,628
- Gross operating margin -€23,404
down €23,404 (-65.3%), from €35,857 to €12,452
- Financial charges -€2,018
down €2,018 (-55.2%), from €3,656 to €1,638
- Depreciation -€1,597
down €1,597 (-11.5%), from €13,940 to €12,343
- Financial income +€488
up €488 (+360.1%), from €136 to €624
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 | €210,555 | €197,893 | -€12,662 | -6.0% |
| Fixed assets | 21/28 | €157,329 | €147,197 | -€10,132 | -6.4% |
| Tangible fixed assets | 22/27 | €157,329 | €147,197 | -€10,132 | -6.4% |
| Land and buildings | 22 | €135,626 | €129,888 | -€5,738 | -4.2% |
| Plant, machinery and equipment | 23 | €11,638 | €9,372 | -€2,266 | -19.5% |
| Furniture and vehicles | 24 | €9,001 | €7,937 | -€1,064 | -11.8% |
| Other tangible fixed assets | 26 | €1,064 | €0 | -€1,064 | -100.0% |
| Current assets | 29/58 | €53,226 | €50,696 | -€2,530 | -4.8% |
| Amounts receivable within one year | 40/41 | €25,234 | €19,936 | -€5,298 | -21.0% |
| Trade receivables | 40 | €21,035 | €14,544 | -€6,491 | -30.9% |
| Other amounts receivable | 41 | €4,199 | €5,391 | +€1,193 | +28.4% |
| Cash at bank and in hand | 54/58 | €15,609 | €26,925 | +€11,316 | +72.5% |
| Deferred charges and accrued income | 490/1 | €12,383 | €3,836 | -€8,548 | -69.0% |
| Total equity and liabilities | 10/49 | €210,555 | €197,893 | -€12,662 | -6.0% |
| Equity | 10/15 | €96,455 | €90,320 | -€6,135 | -6.4% |
| Contributions | 10/11 | €11,200 | €11,200 | = | 0.0% |
| Reserves | 13 | €42,842 | €42,842 | = | 0.0% |
| Distributable reserves | 133 | €42,842 | €42,842 | = | 0.0% |
| Profit (loss) carried forward | 14 | €42,413 | €36,278 | -€6,135 | -14.5% |
| Provisions and deferred taxes | 16 | €17,734 | €17,734 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €17,734 | €17,734 | = | 0.0% |
| Pensions and similar obligations | 160 | €17,734 | €17,734 | = | 0.0% |
| Amounts payable | 17/49 | €96,366 | €89,839 | -€6,527 | -6.8% |
| Amounts payable after more than one year | 17 | €42,837 | €36,793 | -€6,043 | -14.1% |
| Financial debts | 170/4 | €42,837 | €36,793 | -€6,043 | -14.1% |
| Amounts payable within one year | 42/48 | €41,711 | €42,621 | +€910 | +2.2% |
| Current portion of amounts payable after more than one year | 42 | €5,943 | €6,043 | +€101 | +1.7% |
| Trade debts | 44 | €15,616 | €17,029 | +€1,413 | +9.0% |
| Suppliers | 440/4 | €15,616 | €17,029 | +€1,413 | +9.0% |
| Advances received on contracts in progress | 46 | €1,393 | €921 | -€472 | -33.9% |
| Taxes, remuneration and social security | 45 | €3,582 | €999 | -€2,582 | -72.1% |
| Taxes | 450/3 | €3,582 | €999 | -€2,582 | -72.1% |
| Other amounts payable | 47/48 | €15,177 | €17,628 | +€2,451 | +16.1% |
| Accrued charges and deferred income | 492/3 | €11,819 | €10,425 | -€1,394 | -11.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,940 | €12,343 | -€1,597 | -11.5% |
| Other operating charges | 640/8 | €2,244 | €2,458 | +€214 | +9.5% |
| Gross operating margin | 9900 | €35,857 | €12,452 | -€23,404 | -65.3% |
| Operating profit (loss) | 9901 | €19,673 | -€2,348 | -€22,021 | |
| Financial income | 75/76B | €136 | €624 | +€488 | +360.1% |
| Recurring financial income | 75 | €136 | €624 | +€488 | +360.1% |
| Financial charges | 65/66B | €3,656 | €1,638 | -€2,018 | -55.2% |
| Recurring financial charges | 65 | €3,656 | €1,638 | -€2,018 | -55.2% |
| Profit (loss) for the period before taxes | 9903 | €16,153 | -€3,362 | -€19,515 | |
| Income taxes | 67/77 | €2,574 | €2,773 | +€199 | +7.7% |
| Profit (loss) for the period | 9904 | €13,579 | -€6,135 | -€19,714 | |
| Profit (loss) for the period to be appropriated | 9905 | €13,579 | -€6,135 | -€19,714 |
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 7 October 2026 via checked.be.