L'ESPACE VITAL: 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.
L'ESPACE VITAL
Largest movements
- Receivables within one year -€34,964
down €34,964 (-42.9%), from €81,489 to €46,525
of which Other amounts receivable: -€26,057
- Cash +€28,237
up €28,237 (+107%), from €26,303 to €54,539
mainly Other debts (+€156,640) and Depreciation (+€92,113)
- Trade debts -€201,435
down €201,435 (-28.6%), from €705,487 to €504,052
- Other debts +€156,640
up €156,640 (+278%), from €56,272 to €212,911
- Profit (loss) carried forward +€22,912
up €22,912 (+46.4%), from -€49,375 to -€26,463
- Accrued charges and deferred income +€13,231
new in 2024: €13,231
- Depreciation -€8,029
down €8,029 (-8.0%), from €100,142 to €92,113
- Gross operating margin +€7,958
up €7,958 (+2.0%), from €404,263 to €412,221
- Staff costs +€5,811
up €5,811 (+2.2%), from €258,720 to €264,531
- Other operating charges -€5,188
down €5,188 (-16.0%), from €32,459 to €27,271
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.
Derived cash bridge
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 | €1,225,357 | €1,222,204 | -€3,153 | -0.3% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €1,102,761 | €1,094,003 | -€8,758 | -0.8% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €1,092,485 | €1,084,003 | -€8,482 | -0.8% |
| Land and buildings | 22 | €937,921 | €940,494 | +€2,573 | +0.3% |
| Plant, machinery and equipment | 23 | €821 | €7,453 | +€6,633 | +808% |
| Furniture and vehicles | 24 | €38,241 | €40,083 | +€1,843 | +4.8% |
| Other tangible fixed assets | 26 | €115,502 | €95,972 | -€19,530 | -16.9% |
| Financial fixed assets | 28 | €10,276 | €10,000 | -€276 | -2.7% |
| Current assets | 29/58 | €122,596 | €128,201 | +€5,605 | +4.6% |
| Stocks and contracts in progress | 3 | €2,409 | €3,276 | +€867 | +36.0% |
| Stocks | 30/36 | €2,409 | €3,276 | +€867 | +36.0% |
| Amounts receivable within one year | 40/41 | €81,489 | €46,525 | -€34,964 | -42.9% |
| Trade receivables | 40 | €38,706 | €29,798 | -€8,907 | -23.0% |
| Other amounts receivable | 41 | €42,783 | €16,727 | -€26,057 | -60.9% |
| Current investments | 50/53 | €12,395 | €12,395 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €26,303 | €54,539 | +€28,237 | +107% |
| Deferred charges and accrued income | 490/1 | - | €11,465 | +€11,465 | |
| Total equity and liabilities | 10/49 | €1,225,357 | €1,222,204 | -€3,153 | -0.3% |
| Equity | 10/15 | €415,219 | €438,131 | +€22,912 | +5.5% |
| Contributions | 10/11 | €325,000 | €325,000 | = | 0.0% |
| Capital | 10 | €325,000 | €325,000 | = | 0.0% |
| Issued capital | 100 | €325,000 | €325,000 | = | 0.0% |
| Reserves | 13 | €139,594 | €139,594 | = | 0.0% |
| Non-distributable reserves | 130/1 | €32,500 | €32,500 | = | 0.0% |
| Legal reserve | 130 | €32,500 | €32,500 | = | 0.0% |
| Tax-exempt reserves | 132 | €42,516 | €42,516 | = | 0.0% |
| Distributable reserves | 133 | €64,578 | €64,578 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€49,375 | -€26,463 | +€22,912 | +46.4% |
| Amounts payable | 17/49 | €810,137 | €784,073 | -€26,065 | -3.2% |
| Amounts payable within one year | 42/48 | €810,137 | €770,842 | -€39,295 | -4.9% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €705,487 | €504,052 | -€201,435 | -28.6% |
| Suppliers | 440/4 | €705,487 | €504,052 | -€201,435 | -28.6% |
| Advances received on contracts in progress | 46 | €503 | - | -€503 | |
| Taxes, remuneration and social security | 45 | €47,876 | €53,878 | +€6,003 | +12.5% |
| Taxes | 450/3 | €663 | €1,880 | +€1,216 | +183% |
| Remuneration and social security | 454/9 | €47,213 | €51,999 | +€4,786 | +10.1% |
| Other amounts payable | 47/48 | €56,272 | €212,911 | +€156,640 | +278% |
| Accrued charges and deferred income | 492/3 | - | €13,231 | +€13,231 | |
| Non-recurring operating income | 76A | - | €1,158 | +€1,158 | |
| Remuneration, social security and pensions | 62 | €258,720 | €264,531 | +€5,811 | +2.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €100,142 | €92,113 | -€8,029 | -8.0% |
| Other operating charges | 640/8 | €32,459 | €27,271 | -€5,188 | -16.0% |
| Gross operating margin | 9900 | €404,263 | €412,221 | +€7,958 | +2.0% |
| Operating profit (loss) | 9901 | €12,942 | €28,306 | +€15,363 | +119% |
| Financial income | 75/76B | €102 | €284 | +€182 | +179% |
| Recurring financial income | 75 | €102 | €284 | +€182 | +179% |
| Financial charges | 65/66B | €2,570 | €5,678 | +€3,107 | +121% |
| Recurring financial charges | 65 | €2,570 | €5,678 | +€3,107 | +121% |
| Profit (loss) for the period before taxes | 9903 | €10,474 | €22,912 | +€12,438 | +119% |
| Income taxes | 67/77 | €57 | - | -€57 | |
| Profit (loss) for the period | 9904 | €10,417 | €22,912 | +€12,495 | +120% |
| Profit (loss) for the period to be appropriated | 9905 | €10,417 | €22,912 | +€12,495 | +120% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.