ESPACE VOYAGE: 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 VOYAGE
Largest movements
- Receivables within one year -€132,786
down €132,786 (-77.2%), from €171,912 to €39,126
of which Trade receivables: -€73,334
- Cash -€78,096
down €78,096 (-75.7%), from €103,128 to €25,031
mainly Other debts (-€95,000) and Advances received (-€64,362)
- Deferred charges and accrued income -€27,615
down €27,615 (-29.8%), from €92,799 to €65,184
- Intangible fixed assets -€12,297
down €12,297 (-100%), from €12,297 to €0
- Other debts -€95,000
down €95,000 (-100%), from €95,000 to €0
- Advances received -€64,362
down €64,362 (-44.5%), from €144,479 to €80,117
- Trade debts -€52,838
down €52,838 (-86.5%), from €61,100 to €8,262
- Profit (loss) carried forward -€33,004
down €33,004, from €9,765 to -€23,239
- Tax, wage and social debts -€6,460
down €6,460 (-40.4%), from €15,988 to €9,528
of which Taxes: -€6,459
- Turnover -€459,361
down €459,361 (-34.1%), from €1.3m to €888,903
- Purchases and services -€320,059
down €320,059 (-26.7%), from €1.2m to €877,224
- Gross operating margin -€139,715
down €139,715 (-91.3%), from €153,108 to €13,393
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 | €381,007 | €129,341 | -€251,665 | -66.1% |
| Fixed assets | 21/28 | €13,168 | €0 | -€13,168 | -100% |
| Intangible fixed assets | 21 | €12,297 | €0 | -€12,297 | -100% |
| Tangible fixed assets | 22/27 | €871 | €0 | -€871 | -100% |
| Furniture and vehicles | 24 | €871 | €0 | -€871 | -100% |
| Current assets | 29/58 | €367,839 | €129,341 | -€238,497 | -64.8% |
| Amounts receivable within one year | 40/41 | €171,912 | €39,126 | -€132,786 | -77.2% |
| Trade receivables | 40 | €75,826 | €2,492 | -€73,334 | -96.7% |
| Other amounts receivable | 41 | €96,086 | €36,634 | -€59,452 | -61.9% |
| Cash at bank and in hand | 54/58 | €103,128 | €25,031 | -€78,096 | -75.7% |
| Deferred charges and accrued income | 490/1 | €92,799 | €65,184 | -€27,615 | -29.8% |
| Total equity and liabilities | 10/49 | €381,007 | €129,341 | -€251,665 | -66.1% |
| Equity | 10/15 | €64,439 | €31,434 | -€33,004 | -51.2% |
| Contributions | 10/11 | €30,987 | €30,987 | = | 0.0% |
| Reserves | 13 | €23,687 | €23,687 | = | 0.0% |
| Non-distributable reserves | 130/1 | €7,437 | €7,437 | = | 0.0% |
| Reserves not available under the articles | 1311 | €7,437 | €7,437 | = | 0.0% |
| Tax-exempt reserves | 132 | €16,250 | €16,250 | = | 0.0% |
| Profit (loss) carried forward | 14 | €9,765 | -€23,239 | -€33,004 | |
| Amounts payable | 17/49 | €316,568 | €97,907 | -€218,661 | -69.1% |
| Amounts payable within one year | 42/48 | €316,568 | €97,907 | -€218,661 | -69.1% |
| Trade debts | 44 | €61,100 | €8,262 | -€52,838 | -86.5% |
| Suppliers | 440/4 | €61,100 | €8,262 | -€52,838 | -86.5% |
| Advances received on contracts in progress | 46 | €144,479 | €80,117 | -€64,362 | -44.5% |
| Taxes, remuneration and social security | 45 | €15,988 | €9,528 | -€6,460 | -40.4% |
| Taxes | 450/3 | €9,889 | €3,430 | -€6,459 | -65.3% |
| Remuneration and social security | 454/9 | €6,099 | €6,098 | -€1 | 0.0% |
| Other amounts payable | 47/48 | €95,000 | €0 | -€95,000 | -100% |
| Turnover | 70 | €1,348,264 | €888,903 | -€459,361 | -34.1% |
| Non-recurring operating income | 76A | €356 | - | -€356 | |
| Goods, raw materials, services and sundry goods | 60/61 | €1,197,282 | €877,224 | -€320,059 | -26.7% |
| Remuneration, social security and pensions | 62 | €40,474 | €38,707 | -€1,767 | -4.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,811 | - | -€8,811 | |
| Other operating charges | 640/8 | €727 | €2,655 | +€1,927 | +265% |
| Non-recurring operating charges | 66A | - | €497 | +€497 | |
| Gross operating margin | 9900 | €153,108 | €13,393 | -€139,715 | -91.3% |
| Operating profit (loss) | 9901 | €103,095 | -€28,466 | -€131,562 | |
| Financial income | 75/76B | €1,712 | €586 | -€1,125 | -65.7% |
| Recurring financial income | 75 | €1,712 | €586 | -€1,125 | -65.7% |
| Financial charges | 65/66B | €6,533 | €3,927 | -€2,606 | -39.9% |
| Recurring financial charges | 65 | €6,533 | €3,927 | -€2,606 | -39.9% |
| Profit (loss) for the period before taxes | 9903 | €98,274 | -€31,806 | -€130,081 | |
| Income taxes | 67/77 | €1,273 | €1,198 | -€75 | -5.9% |
| Profit (loss) for the period | 9904 | €97,002 | -€33,004 | -€130,006 | |
| Profit (loss) for the period to be appropriated | 9905 | €97,002 | -€33,004 | -€130,006 |
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 20 October 2026 via checked.be.