ESPACES PROMOTION: 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.
What changed
ESPACES PROMOTION
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€113,570
2024 · €15,068+€98,503
Equity
€8.2m
2024 · €8.1m+€113,570
Cash
€15,489
2024 · €16,230-€742
Balance sheet total
€36.0m
2024 · €37.6m-€1.6m
Largest movements
Assets
- Stocks and contracts -€1.6m
down €1.6m (-4.5%), from €35.8m to €34.2m
Equity and liabilities
- Other debts -€9.1m
down €9.1m (-35.6%), from €25.6m to €16.5m
- Debts after one year +€7.5m
up €7.5m (+222%), from €3.4m to €10.9m
Income statement
- Financial charges -€427,650
down €427,650 (-28.0%), from €1.5m to €1.1m
of which Financial charges: -€427,650
- Financial income -€297,356
down €297,356 (-94.5%), from €314,705 to €17,349
of which Non-recurring financial income: -€153,123
- Taxes +€39,133
new in 2025: €39,133
- Other operating charges +€15,981
new in 2025: €15,981
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
€15,068
Gross operating margin
+€197
Other operating charges
-€15,981
Other operating items
+€23,125
Financial income
-€297,356
Financial charges
+€427,650
Taxes
-€39,133
Result 2025
€113,570
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
-€7.4m
Investment
-€107,177
Financing
+€7.5m
Cash 2024
€16,230
From operations (derived)
-€7.4m
Net result for the year
+€113,570
Stocks and contracts
+€1.6m
Receivables within one year
+€57,152
Deferred charges and accrued income
+€51,756
Trade debts
+€85,829
Tax, wage and social debts
+€9,133
Advances received
-€85,995
Other debts
-€9.1m
Accrued charges and deferred income
-€141,235
Investment (derived)
-€107,177
Investment in fixed assets (net)
-€107,177
Financing
+€7.5m
Debts after one year
+€7.5m
Cash 2025
€15,489
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €37,582,029 | €35,959,078 | -€1.6m | -4.3% |
| Fixed assets | 21/28 | €1,608,375 | €1,715,552 | +€107,177 | +6.7% |
| Financial fixed assets | 28 | €1,608,375 | €1,715,552 | +€107,177 | +6.7% |
| Current assets | 29/58 | €35,973,654 | €34,243,526 | -€1.7m | -4.8% |
| Stocks and contracts in progress | 3 | €35,832,796 | €34,212,317 | -€1.6m | -4.5% |
| Stocks | 30/36 | €35,832,796 | €34,212,317 | -€1.6m | -4.5% |
| Amounts receivable within one year | 40/41 | €62,999 | €5,847 | -€57,152 | -90.7% |
| Trade receivables | 40 | €57,152 | €0 | -€57,152 | -100% |
| Other amounts receivable | 41 | €5,847 | €5,847 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €16,230 | €15,489 | -€742 | -4.6% |
| Deferred charges and accrued income | 490/1 | €61,629 | €9,873 | -€51,756 | -84.0% |
| Total equity and liabilities | 10/49 | €37,582,029 | €35,959,078 | -€1.6m | -4.3% |
| Equity | 10/15 | €8,110,083 | €8,223,653 | +€113,570 | +1.4% |
| Contributions | 10/11 | €6,700,000 | €6,700,000 | = | 0.0% |
| Capital | 10 | €6,700,000 | €6,700,000 | = | 0.0% |
| Issued capital | 100 | €6,700,000 | €6,700,000 | = | 0.0% |
| Reserves | 13 | €104,560 | €110,239 | +€5,679 | +5.4% |
| Non-distributable reserves | 130/1 | €104,560 | €110,239 | +€5,679 | +5.4% |
| Legal reserve | 130 | €104,560 | €110,239 | +€5,679 | +5.4% |
| Profit (loss) carried forward | 14 | €1,305,523 | €1,413,414 | +€107,892 | +8.3% |
| Amounts payable | 17/49 | €29,471,946 | €27,735,425 | -€1.7m | -5.9% |
| Amounts payable after more than one year | 17 | €3,376,667 | €10,876,667 | +€7.5m | +222% |
| Other amounts payable | 178/9 | €3,376,667 | €10,876,667 | +€7.5m | +222% |
| Amounts payable within one year | 42/48 | €25,702,880 | €16,607,593 | -€9.1m | -35.4% |
| Trade debts | 44 | €39,572 | €125,401 | +€85,829 | +217% |
| Suppliers | 440/4 | €39,572 | €125,401 | +€85,829 | +217% |
| Advances received on contracts in progress | 46 | €85,995 | - | -€85,995 | |
| Taxes, remuneration and social security | 45 | - | €9,133 | +€9,133 | |
| Taxes | 450/3 | - | €9,133 | +€9,133 | |
| Other amounts payable | 47/48 | €25,577,313 | €16,473,060 | -€9.1m | -35.6% |
| Accrued charges and deferred income | 492/3 | €392,400 | €251,165 | -€141,235 | -36.0% |
| Other operating charges | 640/8 | - | €15,981 | +€15,981 | |
| Non-recurring operating charges | 66A | €23,125 | - | -€23,125 | |
| Gross operating margin | 9900 | €1,250,892 | €1,251,089 | +€197 | 0.0% |
| Operating profit (loss) | 9901 | €1,227,767 | €1,235,108 | +€7,341 | +0.6% |
| Financial income | 75/76B | €314,705 | €17,349 | -€297,356 | -94.5% |
| Recurring financial income | 75 | €161,582 | €17,349 | -€144,233 | -89.3% |
| Non-recurring financial income | 76B | €153,123 | €0 | -€153,123 | -100% |
| Financial charges | 65/66B | €1,527,404 | €1,099,754 | -€427,650 | -28.0% |
| Recurring financial charges | 65 | €1,527,404 | €1,099,754 | -€427,650 | -28.0% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | €15,068 | €152,703 | +€137,635 | +913% |
| Income taxes | 67/77 | - | €39,133 | +€39,133 | |
| Profit (loss) for the period | 9904 | €15,068 | €113,570 | +€98,503 | +654% |
| Profit (loss) for the period to be appropriated | 9905 | €15,068 | €113,570 | +€98,503 | +654% |
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 25 October 2026 via checked.be.