ESPACOM: 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.
ESPACOM
Largest movements
- Tangible fixed assets -€55,758
down €55,758 (-8.5%), from €658,868 to €603,110
of which Other tangible fixed assets: -€48,423
- Cash +€30,408
up €30,408 (+21.7%), from €140,004 to €170,411
mainly Depreciation (+€78,264) and Receivables within one year (+€24,600)
- Receivables within one year -€24,600
down €24,600 (-39.0%), from €63,021 to €38,421
of which Trade receivables: -€15,362
- Profit (loss) carried forward -€60,755
down €60,755 (-48.5%), from €125,349 to €64,593
- Gross operating margin +€29,681
up €29,681 (+58.2%), from €51,002 to €80,683
- Write-downs +€29,020
new in 2025: €29,020
- Other operating charges +€12,506
up €12,506 (+135%), from €9,253 to €21,759
- Depreciation +€10,109
up €10,109 (+14.8%), from €68,155 to €78,264
- Taxes +€9,098
up €9,098 (+914%), from €995 to €10,094
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 | €869,603 | €815,680 | -€53,923 | -6.2% |
| Fixed assets | 21/28 | €658,998 | €603,240 | -€55,758 | -8.5% |
| Tangible fixed assets | 22/27 | €658,868 | €603,110 | -€55,758 | -8.5% |
| Land and buildings | 22 | €477,407 | €490,110 | +€12,704 | +2.7% |
| Furniture and vehicles | 24 | €104,041 | €84,003 | -€20,038 | -19.3% |
| Other tangible fixed assets | 26 | €77,420 | €28,997 | -€48,423 | -62.5% |
| Financial fixed assets | 28 | €130 | €130 | = | 0.0% |
| Current assets | 29/58 | €210,605 | €212,440 | +€1,835 | +0.9% |
| Amounts receivable within one year | 40/41 | €63,021 | €38,421 | -€24,600 | -39.0% |
| Trade receivables | 40 | €53,782 | €38,421 | -€15,362 | -28.6% |
| Other amounts receivable | 41 | €9,238 | €0 | -€9,238 | -100% |
| Cash at bank and in hand | 54/58 | €140,004 | €170,411 | +€30,408 | +21.7% |
| Deferred charges and accrued income | 490/1 | €7,581 | €3,608 | -€3,973 | -52.4% |
| Total equity and liabilities | 10/49 | €869,603 | €815,680 | -€53,923 | -6.2% |
| Equity | 10/15 | €481,777 | €421,021 | -€60,755 | -12.6% |
| Contributions | 10/11 | €340,300 | €340,300 | = | 0.0% |
| Reserves | 13 | €16,128 | €16,128 | = | 0.0% |
| Non-distributable reserves | 130/1 | €10,128 | €10,128 | = | 0.0% |
| Reserves not available under the articles | 1311 | €10,128 | €10,128 | = | 0.0% |
| Tax-exempt reserves | 132 | €6,000 | €6,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €125,349 | €64,593 | -€60,755 | -48.5% |
| Amounts payable | 17/49 | €387,827 | €394,658 | +€6,832 | +1.8% |
| Amounts payable within one year | 42/48 | €387,287 | €391,209 | +€3,922 | +1.0% |
| Trade debts | 44 | €13,123 | €17,028 | +€3,906 | +29.8% |
| Suppliers | 440/4 | €13,123 | €17,028 | +€3,906 | +29.8% |
| Taxes, remuneration and social security | 45 | €4,737 | €5,320 | +€583 | +12.3% |
| Taxes | 450/3 | €4,683 | €5,320 | +€637 | +13.6% |
| Remuneration and social security | 454/9 | €54 | €0 | -€54 | -100% |
| Other amounts payable | 47/48 | €369,428 | €368,861 | -€567 | -0.2% |
| Accrued charges and deferred income | 492/3 | €539 | €3,449 | +€2,910 | +539% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €68,155 | €78,264 | +€10,109 | +14.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €29,020 | +€29,020 | |
| Other operating charges | 640/8 | €9,253 | €21,759 | +€12,506 | +135% |
| Non-recurring operating charges | 66A | - | €2,335 | +€2,335 | |
| Gross operating margin | 9900 | €51,002 | €80,683 | +€29,681 | +58.2% |
| Operating profit (loss) | 9901 | -€26,405 | -€50,694 | -€24,289 | -92.0% |
| Financial income | 75/76B | €779 | €618 | -€161 | -20.7% |
| Recurring financial income | 75 | €779 | €618 | -€161 | -20.7% |
| Financial charges | 65/66B | €1,507 | €585 | -€921 | -61.2% |
| Recurring financial charges | 65 | €1,507 | €585 | -€921 | -61.2% |
| Profit (loss) for the period before taxes | 9903 | -€27,133 | -€50,661 | -€23,529 | -86.7% |
| Income taxes | 67/77 | €995 | €10,094 | +€9,098 | +914% |
| Profit (loss) for the period | 9904 | -€28,128 | -€60,755 | -€32,627 | -116% |
| Profit (loss) for the period to be appropriated | 9905 | -€28,128 | -€60,755 | -€32,627 | -116% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.