ESPASS PLUS: 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.
What changed
ESPASS PLUS
NACE 47.521, Retail sale of hardware, building materials, paint and glass (general range)
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€636,765
2024 · -€175,429-€461,336
Equity
€1.9m
2024 · €2.6m-€636,765
Cash
€854
2024 · €2,939-€2,085
Balance sheet total
€8.7m
2024 · €7.9m+€828,372
Largest movements
Assets
- Stocks and contracts +€732,048
up €732,048 (+10.9%), from €6.7m to €7.5m
- Receivables within one year +€104,985
up €104,985 (+9.5%), from €1.1m to €1.2m
of which Other amounts receivable: +€104,985
Equity and liabilities
- Other debts +€1.3m
up €1.3m (+67.8%), from €1.9m to €3.2m
- Profit (loss) carried forward -€636,765
down €636,765 (-142.7%), from -€446,270 to -€1.1m
- Short-term financial debts +€350,128
up €350,128 (+17.5%), from €2.0m to €2.4m
- Trade debts -€155,351
down €155,351 (-35.8%), from €433,983 to €278,632
Income statement
- Gross operating margin +€295,694
up €295,694, from -€23,588 to €272,107
- Other operating charges +€35,147
new in 2025: €35,147
- Financial charges -€9,490
down €9,490 (-6.6%), from €143,471 to €133,980
- Taxes -€3,024
new in 2025: -€3,024
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
-€175,429
Gross operating margin
+€295,694
Other operating charges
-€35,147
Other operating items
-€734,408
Financial income
+€11
Financial charges
+€9,490
Taxes
+€3,024
Result 2025
-€636,765
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.
From operations
-€344,930
Investment
€0
Financing
+€342,845
Cash 2024
€2,939
From operations (derived)
-€344,930
Net result for the year
-€636,765
Depreciation
+€8,371
Stocks and contracts
-€732,048
Receivables within one year
-€104,985
Smaller working-capital items
-€2,788
Trade debts
-€155,351
Other debts
+€1.3m
Financing
+€342,845
Debts after one year
-€7,995
Current portion of long-term debt
+€712
Short-term financial debts
+€350,128
Cash 2025
€854
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,890,981 | €8,719,353 | +€828,372 | +10.5% |
| Fixed assets | 21/28 | €39,652 | €31,281 | -€8,371 | -21.1% |
| Tangible fixed assets | 22/27 | €24,129 | €15,758 | -€8,371 | -34.7% |
| Furniture and vehicles | 24 | €12,087 | €6,084 | -€6,002 | -49.7% |
| Other tangible fixed assets | 26 | €12,042 | €9,673 | -€2,369 | -19.7% |
| Financial fixed assets | 28 | €15,523 | €15,523 | = | 0.0% |
| Current assets | 29/58 | €7,851,329 | €8,688,073 | +€836,743 | +10.7% |
| Stocks and contracts in progress | 3 | €6,740,774 | €7,472,822 | +€732,048 | +10.9% |
| Stocks | 30/36 | €6,740,774 | €7,472,822 | +€732,048 | +10.9% |
| Amounts receivable within one year | 40/41 | €1,105,127 | €1,210,112 | +€104,985 | +9.5% |
| Trade receivables | 40 | €1,068 | €1,068 | = | 0.0% |
| Other amounts receivable | 41 | €1,104,059 | €1,209,044 | +€104,985 | +9.5% |
| Cash at bank and in hand | 54/58 | €2,939 | €854 | -€2,085 | -71.0% |
| Deferred charges and accrued income | 490/1 | €2,490 | €4,285 | +€1,796 | +72.1% |
| Total equity and liabilities | 10/49 | €7,890,981 | €8,719,353 | +€828,372 | +10.5% |
| Equity | 10/15 | €2,559,801 | €1,923,036 | -€636,765 | -24.9% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €2,944,098 | €2,944,098 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,576 | €6,576 | = | 0.0% |
| Legal reserve | 130 | €6,576 | €6,576 | = | 0.0% |
| Tax-exempt reserves | 132 | €2,937,521 | €2,937,521 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€446,270 | -€1,083,035 | -€636,765 | -142.7% |
| Provisions and deferred taxes | 16 | €979,174 | €979,174 | = | 0.0% |
| Deferred taxes | 168 | €979,174 | €979,174 | = | 0.0% |
| Amounts payable | 17/49 | €4,352,006 | €5,817,143 | +€1.5m | +33.7% |
| Amounts payable after more than one year | 17 | €7,995 | - | -€7,995 | |
| Financial debts | 170/4 | €7,995 | - | -€7,995 | |
| Amounts payable within one year | 42/48 | €4,344,011 | €5,817,143 | +€1.5m | +33.9% |
| Current portion of amounts payable after more than one year | 42 | €7,626 | €8,338 | +€712 | +9.3% |
| Financial debts | 43 | €2,000,000 | €2,350,128 | +€350,128 | +17.5% |
| Other loans | 439 | €2,000,000 | €2,350,128 | +€350,128 | +17.5% |
| Trade debts | 44 | €433,983 | €278,632 | -€155,351 | -35.8% |
| Suppliers | 440/4 | €433,983 | €278,632 | -€155,351 | -35.8% |
| Taxes, remuneration and social security | 45 | €17,178 | €16,186 | -€992 | -5.8% |
| Taxes | 450/3 | €17,178 | €16,186 | -€992 | -5.8% |
| Other amounts payable | 47/48 | €1,885,224 | €3,163,859 | +€1.3m | +67.8% |
| Non-recurring operating income | 76A | - | €366,037 | +€366,037 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,371 | €8,371 | = | 0.0% |
| Other operating charges | 640/8 | - | €35,147 | +€35,147 | |
| Non-recurring operating charges | 66A | - | €734,408 | +€734,408 | |
| Gross operating margin | 9900 | -€23,588 | €272,107 | +€295,694 | |
| Operating profit (loss) | 9901 | -€31,959 | -€505,819 | -€473,861 | -1482.7% |
| Financial income | 75/76B | €0 | €11 | +€11 | +36800.0% |
| Recurring financial income | 75 | €0 | €11 | +€11 | +36800.0% |
| Financial charges | 65/66B | €143,471 | €133,980 | -€9,490 | -6.6% |
| Recurring financial charges | 65 | €143,471 | €133,980 | -€9,490 | -6.6% |
| Profit (loss) for the period before taxes | 9903 | -€175,429 | -€639,789 | -€464,359 | -264.7% |
| Income taxes | 67/77 | - | -€3,024 | -€3,024 | |
| Profit (loss) for the period | 9904 | -€175,429 | -€636,765 | -€461,336 | -263.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€175,429 | -€636,765 | -€461,336 | -263.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.