ESPACE TENDRESSE: 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 TENDRESSE
Largest movements
- Cash +€145,111
up €145,111 (+635%), from €22,849 to €167,960
mainly Current investments (+€100,000) and Net result for the year (+€19,603)
- Current investments -€100,000
down €100,000 (-100%), from €100,000 to €0
- Receivables within one year -€17,204
down €17,204 (-85.7%), from €20,070 to €2,866
- Tangible fixed assets -€8,417
down €8,417 (-6.5%), from €128,666 to €120,249
- Reserves +€19,603
up €19,603 (+23.5%), from €83,251 to €102,855
of which Distributable reserves: +€19,603
- Gross operating margin -€2,762
down €2,762 (-6.4%), from €43,251 to €40,489
- Taxes -€1,736
down €1,736 (-16.0%), from €10,885 to €9,148
- Other operating charges +€562
up €562 (+17.0%), from €3,310 to €3,873
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.
Derived cash bridge
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 | €271,586 | €291,076 | +€19,490 | +7.2% |
| Fixed assets | 21/28 | €128,666 | €120,249 | -€8,417 | -6.5% |
| Tangible fixed assets | 22/27 | €128,666 | €120,249 | -€8,417 | -6.5% |
| Land and buildings | 22 | €128,666 | €120,249 | -€8,417 | -6.5% |
| Current assets | 29/58 | €142,920 | €170,827 | +€27,907 | +19.5% |
| Amounts receivable within one year | 40/41 | €20,070 | €2,866 | -€17,204 | -85.7% |
| Other amounts receivable | 41 | €20,070 | €2,866 | -€17,204 | -85.7% |
| Current investments | 50/53 | €100,000 | €0 | -€100,000 | -100% |
| Cash at bank and in hand | 54/58 | €22,849 | €167,960 | +€145,111 | +635% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €271,586 | €291,076 | +€19,490 | +7.2% |
| Equity | 10/15 | €259,561 | €279,164 | +€19,603 | +7.6% |
| Contributions | 10/11 | €124,000 | €124,000 | = | 0.0% |
| Capital | 10 | €124,000 | €124,000 | = | 0.0% |
| Issued capital | 100 | €124,000 | €124,000 | = | 0.0% |
| Reserves | 13 | €83,251 | €102,855 | +€19,603 | +23.5% |
| Non-distributable reserves | 130/1 | €12,400 | €12,400 | = | 0.0% |
| Legal reserve | 130 | €12,400 | €12,400 | = | 0.0% |
| Distributable reserves | 133 | €70,851 | €90,455 | +€19,603 | +27.7% |
| Profit (loss) carried forward | 14 | €52,309 | €52,309 | = | 0.0% |
| Amounts payable | 17/49 | €12,025 | €11,912 | -€113 | -0.9% |
| Amounts payable within one year | 42/48 | €12,025 | €11,912 | -€113 | -0.9% |
| Trade debts | 44 | €1,430 | €1,316 | -€113 | -7.9% |
| Suppliers | 440/4 | €1,430 | €1,316 | -€113 | -7.9% |
| Taxes, remuneration and social security | 45 | €10,595 | €10,595 | = | 0.0% |
| Taxes | 450/3 | €10,595 | €10,595 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,417 | €8,417 | = | 0.0% |
| Other operating charges | 640/8 | €3,310 | €3,873 | +€562 | +17.0% |
| Gross operating margin | 9900 | €43,251 | €40,489 | -€2,762 | -6.4% |
| Operating profit (loss) | 9901 | €31,524 | €28,200 | -€3,324 | -10.5% |
| Financial income | 75/76B | €964 | €908 | -€56 | -5.8% |
| Recurring financial income | 75 | €964 | €908 | -€56 | -5.8% |
| Financial charges | 65/66B | €275 | €356 | +€81 | +29.3% |
| Recurring financial charges | 65 | €275 | €356 | +€81 | +29.3% |
| Profit (loss) for the period before taxes | 9903 | €32,213 | €28,752 | -€3,461 | -10.7% |
| Income taxes | 67/77 | €10,885 | €9,148 | -€1,736 | -16.0% |
| Profit (loss) for the period | 9904 | €21,328 | €19,603 | -€1,724 | -8.1% |
| Profit (loss) for the period to be appropriated | 9905 | €21,328 | €19,603 | -€1,724 | -8.1% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.