ESPASA: 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.
ESPASA
Largest movements
- Receivables within one year +€8,904
up €8,904 (+99.2%), from €8,975 to €17,879
- Tangible fixed assets +€7,994
up €7,994 (+2.7%), from €295,708 to €303,702
- Cash -€4,712
down €4,712 (-19.4%), from €24,247 to €19,535
mainly Other debts (-€102,784) and Investment in fixed assets (net) (-€19,956)
- Other debts -€102,784
no longer reported in 2024 (was €102,784)
- Accrued charges and deferred income +€79,771
up €79,771 (+2194.5%), from €3,635 to €83,406
- Trade debts +€28,866
up €28,866 (+225.7%), from €12,788 to €41,653
- Profit (loss) carried forward +€11,825
up €11,825 (+33.0%), from -€35,850 to -€24,025
- Debts after one year -€11,697
down €11,697 (-5.9%), from €199,822 to €188,125
- Gross operating margin +€17,077
up €17,077 (+64.3%), from €26,577 to €43,654
- Financial charges +€2,088
up €2,088 (+12.2%), from €17,131 to €19,219
- Depreciation +€830
up €830 (+7.5%), from €11,132 to €11,962
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €333,930 | €346,116 | +€12,186 | +3.6% |
| Fixed assets | 21/28 | €300,708 | €308,702 | +€7,994 | +2.7% |
| Tangible fixed assets | 22/27 | €295,708 | €303,702 | +€7,994 | +2.7% |
| Land and buildings | 22 | €295,708 | €303,702 | +€7,994 | +2.7% |
| Financial fixed assets | 28 | €5,000 | €5,000 | = | 0.0% |
| Current assets | 29/58 | €33,223 | €37,415 | +€4,192 | +12.6% |
| Amounts receivable within one year | 40/41 | €8,975 | €17,879 | +€8,904 | +99.2% |
| Other amounts receivable | 41 | €8,975 | €17,879 | +€8,904 | +99.2% |
| Cash at bank and in hand | 54/58 | €24,247 | €19,535 | -€4,712 | -19.4% |
| Total equity and liabilities | 10/49 | €333,930 | €346,116 | +€12,186 | +3.6% |
| Equity | 10/15 | €5,258 | €17,083 | +€11,825 | +224.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Outside capital | 11 | €6,200 | €6,200 | = | 0.0% |
| Other | 1109/19 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €34,908 | €34,908 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €33,048 | €33,048 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€35,850 | -€24,025 | +€11,825 | +33.0% |
| Amounts payable | 17/49 | €328,672 | €329,033 | +€361 | +0.1% |
| Amounts payable after more than one year | 17 | €199,822 | €188,125 | -€11,697 | -5.9% |
| Financial debts | 170/4 | €199,822 | €188,125 | -€11,697 | -5.9% |
| Amounts payable within one year | 42/48 | €125,215 | €57,502 | -€67,713 | -54.1% |
| Current portion of amounts payable after more than one year | 42 | €5,594 | €11,697 | +€6,103 | +109.1% |
| Trade debts | 44 | €12,788 | €41,653 | +€28,866 | +225.7% |
| Suppliers | 440/4 | €12,788 | €41,653 | +€28,866 | +225.7% |
| Taxes, remuneration and social security | 45 | €4,050 | €4,152 | +€102 | +2.5% |
| Taxes | 450/3 | €4,050 | €4,152 | +€102 | +2.5% |
| Other amounts payable | 47/48 | €102,784 | - | -€102,784 | |
| Accrued charges and deferred income | 492/3 | €3,635 | €83,406 | +€79,771 | +2194.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,132 | €11,962 | +€830 | +7.5% |
| Other operating charges | 640/8 | €377 | €648 | +€270 | +71.7% |
| Gross operating margin | 9900 | €26,577 | €43,654 | +€17,077 | +64.3% |
| Operating profit (loss) | 9901 | €15,068 | €31,045 | +€15,977 | +106.0% |
| Financial charges | 65/66B | €17,131 | €19,219 | +€2,088 | +12.2% |
| Recurring financial charges | 65 | €17,131 | €19,219 | +€2,088 | +12.2% |
| Profit (loss) for the period before taxes | 9903 | -€2,063 | €11,825 | +€13,888 | |
| Profit (loss) for the period | 9904 | -€2,063 | €11,825 | +€13,888 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,063 | €11,825 | +€13,888 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.