ESPEVELO2: what changed
What changed
ESPEVELO2
NACE 41.001, General construction of residential buildings
filed annual accounts (NBB)
Net result for the year
-€14,755
2024 · -€26,714+€11,959
Equity
€3.5m
2024 · €3.5m-€14,755
Cash
€51,114
2024 · €8,854+€42,260
Balance sheet total
€42.5m
2024 · €34.1m+€8.4m
Largest movements
Assets
- Tangible fixed assets +€5.3m
up €5.3m (+24.1%), from €22.0m to €27.3m
- Stocks and contracts +€2.9m
up €2.9m (+24.1%), from €12.0m to €14.9m
Equity and liabilities
- Short-term financial debts +€20.0m
up €20.0m (+15,999,996%), from €125 to €20.0m
- Debts after one year -€11.1m
down €11.1m (-38.3%), from €29.1m to €18.0m
- Trade debts -€597,088
down €597,088 (-40.2%), from €1.5m to €887,291
Income statement
- Purchases and services +€268,124
up €268,124 (+1,027%), from €26,106 to €294,230
- Gross operating margin +€13,431
up €13,431 (+51.4%), from -€26,106 to -€12,676
- Financial charges +€904
up €904 (+513%), from €176 to €1,081
- Other operating charges +€567
up €567 (+131%), from €431 to €998
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€26,714
Gross operating margin
+€13,431
Other operating charges
-€567
Financial charges
-€904
Result 2025
-€14,755
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€3.5m
Investment
-€5.3m
Financing
+€8.9m
Cash 2024
€8,854
From operations (derived)
-€3.5m
Net result for the year
-€14,755
Stocks and contracts
-€2.9m
Receivables within one year
-€158,475
Deferred charges and accrued income
-€10,762
Trade debts
-€597,088
Accrued charges and deferred income
+€163,272
Investment (derived)
-€5.3m
Investment in fixed assets (net)
-€5.3m
Financing
+€8.9m
Debts after one year
-€11.1m
Short-term financial debts
+€20.0m
Cash 2025
€51,114
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €34,100,455 | €42,509,240 | +€8.4m | +24.7% |
| Fixed assets | 21/28 | €21,958,778 | €27,259,964 | +€5.3m | +24.1% |
| Tangible fixed assets | 22/27 | €21,958,778 | €27,259,964 | +€5.3m | +24.1% |
| Other tangible fixed assets | 26 | €21,958,778 | €27,259,964 | +€5.3m | +24.1% |
| Current assets | 29/58 | €12,141,677 | €15,249,276 | +€3.1m | +25.6% |
| Stocks and contracts in progress | 3 | €11,996,345 | €14,892,446 | +€2.9m | +24.1% |
| Stocks | 30/36 | €11,996,345 | €14,892,446 | +€2.9m | +24.1% |
| Amounts receivable within one year | 40/41 | €136,479 | €294,954 | +€158,475 | +116% |
| Trade receivables | 40 | - | €290,184 | +€290,184 | |
| Other amounts receivable | 41 | €136,479 | €4,770 | -€131,708 | -96.5% |
| Cash at bank and in hand | 54/58 | €8,854 | €51,114 | +€42,260 | +477% |
| Deferred charges and accrued income | 490/1 | - | €10,762 | +€10,762 | |
| Total equity and liabilities | 10/49 | €34,100,455 | €42,509,240 | +€8.4m | +24.7% |
| Equity | 10/15 | €3,508,980 | €3,494,225 | -€14,755 | -0.4% |
| Contributions | 10/11 | €3,561,500 | €3,561,500 | = | 0.0% |
| Capital | 10 | €3,561,500 | €3,561,500 | = | 0.0% |
| Issued capital | 100 | €3,561,500 | €3,561,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€52,520 | -€67,275 | -€14,755 | -28.1% |
| Amounts payable | 17/49 | €30,591,476 | €39,015,015 | +€8.4m | +27.5% |
| Amounts payable after more than one year | 17 | €29,106,971 | €17,964,331 | -€11.1m | -38.3% |
| Financial debts | 170/4 | €29,106,971 | €17,964,331 | -€11.1m | -38.3% |
| Amounts payable within one year | 42/48 | €1,484,505 | €20,887,412 | +€19.4m | +1,307% |
| Financial debts | 43 | €125 | €20,000,121 | +€20.0m | +15,999,996% |
| Credit institutions | 430/8 | €125 | €20,000,121 | +€20.0m | +15,999,996% |
| Trade debts | 44 | €1,484,380 | €887,291 | -€597,088 | -40.2% |
| Suppliers | 440/4 | €1,484,380 | €887,291 | -€597,088 | -40.2% |
| Taxes, remuneration and social security | 45 | - | €0 | = | |
| Taxes | 450/3 | - | €0 | = | |
| Accrued charges and deferred income | 492/3 | - | €163,272 | +€163,272 | |
| Turnover | 70 | - | €0 | = | |
| Goods, raw materials, services and sundry goods | 60/61 | €26,106 | €294,230 | +€268,124 | +1,027% |
| Other operating charges | 640/8 | €431 | €998 | +€567 | +131% |
| Gross operating margin | 9900 | -€26,106 | -€12,676 | +€13,431 | +51.4% |
| Operating profit (loss) | 9901 | -€26,538 | -€13,674 | +€12,864 | +48.5% |
| Financial charges | 65/66B | €176 | €1,081 | +€904 | +513% |
| Recurring financial charges | 65 | €176 | €1,081 | +€904 | +513% |
| Profit (loss) for the period before taxes | 9903 | -€26,714 | -€14,755 | +€11,959 | +44.8% |
| Profit (loss) for the period | 9904 | -€26,714 | -€14,755 | +€11,959 | +44.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€26,714 | -€14,755 | +€11,959 | +44.8% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.