EUROPA SPACE: 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.
EUROPA SPACE
Largest movements
- Receivables within one year +€20,714
up €20,714 (+391%), from €5,292 to €26,006
of which Trade receivables: +€21,055
- Cash +€11,729
up €11,729 (+40.6%), from €28,919 to €40,648
mainly Trade debts (+€16,740) and Other debts (+€5,399)
- Deferred charges and accrued income -€3,908
down €3,908 (-7.1%), from €55,231 to €51,323
- Trade debts +€16,740
up €16,740 (+38.7%), from €43,224 to €59,965
- Other debts +€5,399
up €5,399 (+6.2%), from €87,620 to €93,018
- Profit (loss) carried forward +€4,758
up €4,758 (+6.1%), from -€78,092 to -€73,334
- Short-term financial debts +€1,386
up €1,386, from €0 to €1,386
of which Other loans: +€1,386
- Gross operating margin +€50,621
up €50,621 (+566%), from €8,950 to €59,570
- Financial charges +€2,530
up €2,530 (+26.2%), from €9,661 to €12,191
- Staff costs +€1,255
up €1,255 (+3.1%), from €40,152 to €41,407
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 | €91,899 | €120,377 | +€28,478 | +31.0% |
| Fixed assets | 21/28 | €2,457 | €2,400 | -€57 | -2.3% |
| Tangible fixed assets | 22/27 | €57 | €0 | -€57 | -100% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €57 | €0 | -€57 | -100% |
| Financial fixed assets | 28 | €2,400 | €2,400 | = | 0.0% |
| Current assets | 29/58 | €89,442 | €117,977 | +€28,536 | +31.9% |
| Amounts receivable within one year | 40/41 | €5,292 | €26,006 | +€20,714 | +391% |
| Trade receivables | 40 | €4,951 | €26,006 | +€21,055 | +425% |
| Other amounts receivable | 41 | €341 | €0 | -€341 | -100% |
| Cash at bank and in hand | 54/58 | €28,919 | €40,648 | +€11,729 | +40.6% |
| Deferred charges and accrued income | 490/1 | €55,231 | €51,323 | -€3,908 | -7.1% |
| Total equity and liabilities | 10/49 | €91,899 | €120,377 | +€28,478 | +31.0% |
| Equity | 10/15 | -€59,492 | -€54,734 | +€4,758 | +8.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€78,092 | -€73,334 | +€4,758 | +6.1% |
| Amounts payable | 17/49 | €151,391 | €175,112 | +€23,721 | +15.7% |
| Amounts payable within one year | 42/48 | €151,391 | €174,183 | +€22,793 | +15.1% |
| Financial debts | 43 | €0 | €1,386 | +€1,386 | |
| Credit institutions | 430/8 | €0 | - | = | |
| Other loans | 439 | - | €1,386 | +€1,386 | |
| Trade debts | 44 | €43,224 | €59,965 | +€16,740 | +38.7% |
| Suppliers | 440/4 | €43,224 | €59,965 | +€16,740 | +38.7% |
| Taxes, remuneration and social security | 45 | €20,547 | €19,815 | -€732 | -3.6% |
| Taxes | 450/3 | €4,978 | €4,458 | -€519 | -10.4% |
| Remuneration and social security | 454/9 | €15,569 | €15,356 | -€213 | -1.4% |
| Other amounts payable | 47/48 | €87,620 | €93,018 | +€5,399 | +6.2% |
| Accrued charges and deferred income | 492/3 | - | €928 | +€928 | |
| Non-recurring operating income | 76A | €0 | €68 | +€68 | |
| Remuneration, social security and pensions | 62 | €40,152 | €41,407 | +€1,255 | +3.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €536 | €57 | -€479 | -89.3% |
| Other operating charges | 640/8 | €899 | €928 | +€30 | +3.3% |
| Non-recurring operating charges | 66A | €0 | €40 | +€40 | |
| Gross operating margin | 9900 | €8,950 | €59,570 | +€50,621 | +566% |
| Operating profit (loss) | 9901 | -€32,636 | €17,138 | +€49,774 | |
| Financial income | 75/76B | €317 | €0 | -€317 | -99.9% |
| Recurring financial income | 75 | €317 | €0 | -€317 | -99.9% |
| Financial charges | 65/66B | €9,661 | €12,191 | +€2,530 | +26.2% |
| Recurring financial charges | 65 | €9,661 | €12,191 | +€2,530 | +26.2% |
| Profit (loss) for the period before taxes | 9903 | -€41,981 | €4,947 | +€46,928 | |
| Income taxes | 67/77 | €341 | €190 | -€152 | -44.4% |
| Profit (loss) for the period | 9904 | -€42,322 | €4,758 | +€47,079 | |
| Profit (loss) for the period to be appropriated | 9905 | -€42,322 | €4,758 | +€47,079 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.