ESPACE4MORE: 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.
What changed
ESPACE4MORE
NACE 55.203, Holiday cottages, homes and apartments
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€2,257
2024 · €8,358-€10,614
Equity
€21,369
2024 · €23,625-€2,257
Cash
€17,777
2024 · €21,192-€3,415
Balance sheet total
€643,919
2024 · €663,896-€19,977
Largest movements
Assets
- Tangible fixed assets -€17,132
down €17,132 (-2.7%), from €641,103 to €623,972
of which Land and buildings: -€13,945
Equity and liabilities
- Debts after one year -€23,602
down €23,602 (-3.9%), from €608,012 to €584,411
of which Financial debts: -€23,602
Income statement
- Gross operating margin -€10,316
down €10,316 (-23.3%), from €44,293 to €33,976
- Depreciation +€570
up €570 (+2.3%), from €24,912 to €25,482
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.
Result 2024
€8,358
Gross operating margin
-€10,316
Depreciation
-€570
Other operating charges
-€38
Financial charges
+€310
Result 2025
-€2,257
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.
From operations
+€28,229
Investment
-€8,350
Financing
-€23,294
Cash 2024
€21,192
From operations (derived)
+€28,229
Net result for the year
-€2,257
Depreciation
+€25,482
Stocks and contracts
-€961
Deferred charges and accrued income
+€392
Trade debts
+€2,330
Tax, wage and social debts
+€590
Advances received
+€1,162
Other debts
+€1,726
Accrued charges and deferred income
-€233
Investment (derived)
-€8,350
Investment in fixed assets (net)
-€8,350
Financing
-€23,294
Debts after one year
-€23,602
Short-term financial debts
+€308
Cash 2025
€17,777
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €663,896 | €643,919 | -€19,977 | -3.0% |
| Fixed assets | 21/28 | €641,153 | €624,022 | -€17,132 | -2.7% |
| Tangible fixed assets | 22/27 | €641,103 | €623,972 | -€17,132 | -2.7% |
| Land and buildings | 22 | €625,418 | €611,473 | -€13,945 | -2.2% |
| Furniture and vehicles | 24 | €15,685 | €12,499 | -€3,187 | -20.3% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €22,743 | €19,897 | -€2,845 | -12.5% |
| Stocks and contracts in progress | 3 | €200 | €1,161 | +€961 | +480.5% |
| Stocks | 30/36 | €200 | €1,161 | +€961 | +480.5% |
| Amounts receivable within one year | 40/41 | €14 | €14 | = | 0.0% |
| Other amounts receivable | 41 | €14 | €14 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €21,192 | €17,777 | -€3,415 | -16.1% |
| Deferred charges and accrued income | 490/1 | €1,337 | €945 | -€392 | -29.3% |
| Total equity and liabilities | 10/49 | €663,896 | €643,919 | -€19,977 | -3.0% |
| Equity | 10/15 | €23,625 | €21,369 | -€2,257 | -9.6% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€26,375 | -€28,631 | -€2,257 | -8.6% |
| Amounts payable | 17/49 | €640,271 | €622,550 | -€17,720 | -2.8% |
| Amounts payable after more than one year | 17 | €608,012 | €584,411 | -€23,602 | -3.9% |
| Financial debts | 170/4 | €348,012 | €324,411 | -€23,602 | -6.8% |
| Other amounts payable | 178/9 | €260,000 | €260,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €26,161 | €32,276 | +€6,115 | +23.4% |
| Financial debts | 43 | €23,294 | €23,602 | +€308 | +1.3% |
| Credit institutions | 430/8 | €23,294 | €23,602 | +€308 | +1.3% |
| Trade debts | 44 | €1,851 | €4,181 | +€2,330 | +125.9% |
| Suppliers | 440/4 | €1,851 | €4,181 | +€2,330 | +125.9% |
| Advances received on contracts in progress | 46 | - | €1,162 | +€1,162 | |
| Taxes, remuneration and social security | 45 | €48 | €638 | +€590 | +1238.9% |
| Taxes | 450/3 | €48 | €638 | +€590 | +1238.9% |
| Other amounts payable | 47/48 | €968 | €2,694 | +€1,726 | +178.3% |
| Accrued charges and deferred income | 492/3 | €6,097 | €5,864 | -€233 | -3.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,912 | €25,482 | +€570 | +2.3% |
| Other operating charges | 640/8 | €1,118 | €1,156 | +€38 | +3.4% |
| Gross operating margin | 9900 | €44,293 | €33,976 | -€10,316 | -23.3% |
| Operating profit (loss) | 9901 | €18,263 | €7,338 | -€10,925 | -59.8% |
| Financial charges | 65/66B | €9,906 | €9,595 | -€310 | -3.1% |
| Recurring financial charges | 65 | €9,906 | €9,595 | -€310 | -3.1% |
| Profit (loss) for the period before taxes | 9903 | €8,358 | -€2,257 | -€10,614 | |
| Profit (loss) for the period | 9904 | €8,358 | -€2,257 | -€10,614 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,358 | -€2,257 | -€10,614 |
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.