ESPACES ET FORETS: 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.
ESPACES ET FORETS
Largest movements
- Cash -€27,152
down €27,152 (-63.6%), from €42,676 to €15,523
mainly Net result for the year (-€31,513) and Tax, wage and social debts (-€14,293)
- Tangible fixed assets -€19,312
down €19,312 (-64.7%), from €29,852 to €10,541
of which Furniture and vehicles: -€19,312
- Receivables within one year -€8,540
down €8,540 (-64.7%), from €13,195 to €4,655
of which Other amounts receivable: -€13,195
- Deferred charges and accrued income -€1,276
down €1,276 (-46.8%), from €2,727 to €1,452
- Profit (loss) carried forward -€31,513
down €31,513, from €2,742 to -€28,771
- Tax, wage and social debts -€14,293
down €14,293 (-97.4%), from €14,672 to €380
- Current portion of long-term debt -€7,612
no longer reported in 2025 (was €7,612)
- Debts after one year -€2,233
down €2,233 (-9.1%), from €24,474 to €22,241
of which Other amounts payable: -€2,233
- Gross operating margin -€22,717
down €22,717 (-93.9%), from €24,190 to €1,473
- Write-downs +€14,948
new in 2025: €14,948
- Other operating charges +€6,538
up €6,538 (+296%), from €2,209 to €8,747
- Depreciation -€4,799
down €4,799 (-34.3%), from €14,001 to €9,202
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 | €88,512 | €32,232 | -€56,280 | -63.6% |
| Fixed assets | 21/28 | €29,852 | €10,541 | -€19,312 | -64.7% |
| Tangible fixed assets | 22/27 | €29,852 | €10,541 | -€19,312 | -64.7% |
| Plant, machinery and equipment | 23 | €0 | - | -€0 | |
| Furniture and vehicles | 24 | €29,852 | €10,541 | -€19,312 | -64.7% |
| Current assets | 29/58 | €58,660 | €21,691 | -€36,968 | -63.0% |
| Stocks and contracts in progress | 3 | €61 | €61 | = | 0.0% |
| Stocks | 30/36 | €61 | €61 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €13,195 | €4,655 | -€8,540 | -64.7% |
| Trade receivables | 40 | - | €4,655 | +€4,655 | |
| Other amounts receivable | 41 | €13,195 | - | -€13,195 | |
| Cash at bank and in hand | 54/58 | €42,676 | €15,523 | -€27,152 | -63.6% |
| Deferred charges and accrued income | 490/1 | €2,727 | €1,452 | -€1,276 | -46.8% |
| Total equity and liabilities | 10/49 | €88,512 | €32,232 | -€56,280 | -63.6% |
| Equity | 10/15 | €23,202 | -€8,311 | -€31,513 | |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,742 | -€28,771 | -€31,513 | |
| Amounts payable | 17/49 | €65,310 | €40,543 | -€24,767 | -37.9% |
| Amounts payable after more than one year | 17 | €24,474 | €22,241 | -€2,233 | -9.1% |
| Financial debts | 170/4 | €7,277 | €7,277 | = | 0.0% |
| Other amounts payable | 178/9 | €17,197 | €14,964 | -€2,233 | -13.0% |
| Amounts payable within one year | 42/48 | €40,836 | €18,302 | -€22,534 | -55.2% |
| Current portion of amounts payable after more than one year | 42 | €7,612 | - | -€7,612 | |
| Trade debts | 44 | €18,552 | €17,922 | -€630 | -3.4% |
| Suppliers | 440/4 | €16,299 | €17,922 | +€1,623 | +10.0% |
| Bills of exchange payable | 441 | €2,253 | - | -€2,253 | |
| Taxes, remuneration and social security | 45 | €14,672 | €380 | -€14,293 | -97.4% |
| Taxes | 450/3 | €14,672 | €380 | -€14,293 | -97.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,001 | €9,202 | -€4,799 | -34.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €14,948 | +€14,948 | |
| Other operating charges | 640/8 | €2,209 | €8,747 | +€6,538 | +296% |
| Gross operating margin | 9900 | €24,190 | €1,473 | -€22,717 | -93.9% |
| Operating profit (loss) | 9901 | €7,980 | -€31,425 | -€39,404 | |
| Financial income | 75/76B | - | €132 | +€132 | |
| Recurring financial income | 75 | - | €132 | +€132 | |
| Financial charges | 65/66B | €228 | €220 | -€8 | -3.6% |
| Recurring financial charges | 65 | €228 | €220 | -€8 | -3.6% |
| Profit (loss) for the period before taxes | 9903 | €7,751 | -€31,513 | -€39,264 | |
| Profit (loss) for the period | 9904 | €7,751 | -€31,513 | -€39,264 | |
| Profit (loss) for the period to be appropriated | 9905 | €7,751 | -€31,513 | -€39,264 |
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 16 October 2026 via checked.be.