ESPACE TELLO: 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 TELLO
Largest movements
- Tangible fixed assets +€3,511
up €3,511 (+4776.7%), from €74 to €3,585
of which Furniture and vehicles: +€3,563
- Receivables within one year +€2,867
up €2,867 (+81.0%), from €3,541 to €6,408
of which Trade receivables: +€2,527
- Cash +€2,254
up €2,254 (+9.1%), from €24,827 to €27,081
mainly Other debts (+€6,252) and Advances received (+€3,233)
- Other debts +€6,252
up €6,252 (+21.1%), from €29,649 to €35,901
- Advances received +€3,233
up €3,233 (+55.4%), from €5,840 to €9,074
- Trade debts -€2,360
down €2,360 (-54.8%), from €4,302 to €1,943
- Profit (loss) carried forward +€1,506
up €1,506 (+5.0%), from -€29,950 to -€28,444
- Depreciation +€340
up €340 (+119.1%), from €285 to €625
- Gross operating margin -€326
down €326 (-7.7%), from €4,258 to €3,932
- Financial income +€95
up €95 (+91.2%), from €105 to €200
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 | €28,441 | €37,073 | +€8,632 | +30.3% |
| Fixed assets | 21/28 | €74 | €3,585 | +€3,511 | +4776.7% |
| Tangible fixed assets | 22/27 | €74 | €3,585 | +€3,511 | +4776.7% |
| Plant, machinery and equipment | 23 | €52 | - | -€52 | |
| Furniture and vehicles | 24 | €22 | €3,585 | +€3,563 | +16412.4% |
| Current assets | 29/58 | €28,368 | €33,488 | +€5,120 | +18.1% |
| Amounts receivable within one year | 40/41 | €3,541 | €6,408 | +€2,867 | +81.0% |
| Trade receivables | 40 | €3,536 | €6,063 | +€2,527 | +71.5% |
| Other amounts receivable | 41 | €5 | €344 | +€340 | +6858.6% |
| Cash at bank and in hand | 54/58 | €24,827 | €27,081 | +€2,254 | +9.1% |
| Total equity and liabilities | 10/49 | €28,441 | €37,073 | +€8,632 | +30.3% |
| Equity | 10/15 | -€11,350 | -€9,844 | +€1,506 | +13.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€29,950 | -€28,444 | +€1,506 | +5.0% |
| Amounts payable | 17/49 | €39,791 | €46,917 | +€7,126 | +17.9% |
| Amounts payable within one year | 42/48 | €39,791 | €46,917 | +€7,126 | +17.9% |
| Trade debts | 44 | €4,302 | €1,943 | -€2,360 | -54.8% |
| Suppliers | 440/4 | €4,302 | €1,943 | -€2,360 | -54.8% |
| Advances received on contracts in progress | 46 | €5,840 | €9,074 | +€3,233 | +55.4% |
| Other amounts payable | 47/48 | €29,649 | €35,901 | +€6,252 | +21.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €285 | €625 | +€340 | +119.1% |
| Other operating charges | 640/8 | €1,917 | €1,932 | +€15 | +0.8% |
| Gross operating margin | 9900 | €4,258 | €3,932 | -€326 | -7.7% |
| Operating profit (loss) | 9901 | €2,056 | €1,375 | -€681 | -33.1% |
| Financial income | 75/76B | €105 | €200 | +€95 | +91.2% |
| Recurring financial income | 75 | €105 | €200 | +€95 | +91.2% |
| Financial charges | 65/66B | €69 | €69 | = | 0.0% |
| Recurring financial charges | 65 | €69 | €69 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €2,091 | €1,506 | -€585 | -28.0% |
| Profit (loss) for the period | 9904 | €2,091 | €1,506 | -€585 | -28.0% |
| Profit (loss) for the period to be appropriated | 9905 | €2,091 | €1,506 | -€585 | -28.0% |
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 4 October 2026 via checked.be.