ESPACIO: 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.
ESPACIO
Largest movements
- Tangible fixed assets -€108,207
down €108,207 (-3.9%), from €2.8m to €2.7m
of which Land and buildings: -€104,430
- Receivables within one year -€77,320
down €77,320 (-23.0%), from €335,870 to €258,550
of which Trade receivables: -€101,875
- Cash +€37,816
up €37,816 (+97.8%), from €38,649 to €76,465
mainly Depreciation (+€108,207) and Receivables within one year (+€77,320)
- Debts after one year -€128,653
down €128,653 (-6.0%), from €2.2m to €2.0m
- Reserves +€64,000
up €64,000 (+17.6%), from €363,860 to €427,860
- Trade debts -€54,894
down €54,894 (-29.0%), from €189,319 to €134,425
- Tax, wage and social debts -€45,186
down €45,186 (-78.4%), from €57,627 to €12,441
- Gross operating margin -€43,365
down €43,365 (-14.2%), from €304,862 to €261,497
- Taxes -€28,636
down €28,636 (-39.1%), from €73,253 to €44,617
- Depreciation -€26,667
down €26,667 (-19.8%), from €134,874 to €108,207
- Other operating charges -€10,805
down €10,805 (-70.1%), from €15,419 to €4,613
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,229,810 | €3,089,697 | -€140,113 | -4.3% |
| Fixed assets | 21/28 | €2,831,657 | €2,723,450 | -€108,207 | -3.8% |
| Tangible fixed assets | 22/27 | €2,799,611 | €2,691,404 | -€108,207 | -3.9% |
| Land and buildings | 22 | €2,774,636 | €2,670,206 | -€104,430 | -3.8% |
| Plant, machinery and equipment | 23 | €20,713 | €18,206 | -€2,507 | -12.1% |
| Furniture and vehicles | 24 | €4,261 | €2,991 | -€1,270 | -29.8% |
| Financial fixed assets | 28 | €32,046 | €32,046 | = | 0.0% |
| Current assets | 29/58 | €398,153 | €366,248 | -€31,906 | -8.0% |
| Amounts receivable within one year | 40/41 | €335,870 | €258,550 | -€77,320 | -23.0% |
| Trade receivables | 40 | €335,870 | €233,995 | -€101,875 | -30.3% |
| Other amounts receivable | 41 | - | €24,554 | +€24,554 | |
| Cash at bank and in hand | 54/58 | €38,649 | €76,465 | +€37,816 | +97.8% |
| Deferred charges and accrued income | 490/1 | €23,634 | €31,233 | +€7,599 | +32.2% |
| Total equity and liabilities | 10/49 | €3,229,810 | €3,089,697 | -€140,113 | -4.3% |
| Equity | 10/15 | €383,115 | €447,499 | +€64,385 | +16.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €363,860 | €427,860 | +€64,000 | +17.6% |
| Distributable reserves | 133 | €363,860 | €427,860 | +€64,000 | +17.6% |
| Profit (loss) carried forward | 14 | €655 | €1,039 | +€385 | +58.8% |
| Amounts payable | 17/49 | €2,846,696 | €2,642,198 | -€204,498 | -7.2% |
| Amounts payable after more than one year | 17 | €2,161,819 | €2,033,167 | -€128,653 | -6.0% |
| Financial debts | 170/4 | €2,161,819 | €2,033,167 | -€128,653 | -6.0% |
| Amounts payable within one year | 42/48 | €651,549 | €569,032 | -€82,517 | -12.7% |
| Current portion of amounts payable after more than one year | 42 | €135,422 | €159,194 | +€23,772 | +17.6% |
| Trade debts | 44 | €189,319 | €134,425 | -€54,894 | -29.0% |
| Suppliers | 440/4 | €189,319 | €134,425 | -€54,894 | -29.0% |
| Taxes, remuneration and social security | 45 | €57,627 | €12,441 | -€45,186 | -78.4% |
| Taxes | 450/3 | €57,627 | €12,441 | -€45,186 | -78.4% |
| Other amounts payable | 47/48 | €269,181 | €262,972 | -€6,209 | -2.3% |
| Accrued charges and deferred income | 492/3 | €33,328 | €39,999 | +€6,672 | +20.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €134,874 | €108,207 | -€26,667 | -19.8% |
| Other operating charges | 640/8 | €15,419 | €4,613 | -€10,805 | -70.1% |
| Gross operating margin | 9900 | €304,862 | €261,497 | -€43,365 | -14.2% |
| Operating profit (loss) | 9901 | €154,570 | €148,677 | -€5,893 | -3.8% |
| Financial income | 75/76B | €6 | €2 | -€4 | -68.5% |
| Recurring financial income | 75 | €6 | €2 | -€4 | -68.5% |
| Financial charges | 65/66B | €41,269 | €39,677 | -€1,592 | -3.9% |
| Recurring financial charges | 65 | €41,269 | €39,677 | -€1,592 | -3.9% |
| Profit (loss) for the period before taxes | 9903 | €113,307 | €109,001 | -€4,306 | -3.8% |
| Income taxes | 67/77 | €73,253 | €44,617 | -€28,636 | -39.1% |
| Profit (loss) for the period | 9904 | €40,054 | €64,385 | +€24,331 | +60.7% |
| Profit (loss) for the period to be appropriated | 9905 | €40,054 | €64,385 | +€24,331 | +60.7% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.