NEW SPACE CONSTRUCT: 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.
NEW SPACE CONSTRUCT
Largest movements
- Receivables within one year -€41,607
down €41,607 (-99.6%), from €41,771 to €164
of which Trade receivables: -€40,397
- Profit (loss) carried forward -€43,330
down €43,330, from €27,562 to -€15,768
- Other debts +€2,828
up €2,828 (+53.5%), from €5,282 to €8,111
- Tax, wage and social debts -€1,308
no longer reported in 2025 (was €1,308)
- Write-downs +€40,397
new in 2025: €40,397
- Gross operating margin +€2,283
up €2,283 (+69.9%), from -€3,268 to -€985
- Purchases and services -€2,283
down €2,283 (-69.9%), from €3,268 to €985
- Depreciation -€266
down €266 (-68.5%), from €389 to €123
- Financial charges -€113
no longer reported in 2025 (was €113)
From the 2023 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.
Cash bridge derived
A cash bridge needs two consecutive fiscal years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €42,212 | €403 | -€41,810 | -99.0% |
| Fixed assets | 21/28 | €202 | - | -€202 | |
| Tangible fixed assets | 22/27 | €202 | - | -€202 | |
| Furniture and vehicles | 24 | €202 | - | -€202 | |
| Current assets | 29/58 | €42,010 | €403 | -€41,607 | -99.0% |
| Amounts receivable within one year | 40/41 | €41,771 | €164 | -€41,607 | -99.6% |
| Trade receivables | 40 | €40,397 | - | -€40,397 | |
| Other amounts receivable | 41 | €1,374 | €164 | -€1,210 | -88.1% |
| Cash at bank and in hand | 54/58 | €238 | €238 | = | 0.0% |
| Total equity and liabilities | 10/49 | €42,212 | €403 | -€41,810 | -99.0% |
| Equity | 10/15 | €35,622 | -€7,708 | -€43,330 | |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 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% |
| Profit (loss) carried forward | 14 | €27,562 | -€15,768 | -€43,330 | |
| Amounts payable | 17/49 | €6,590 | €8,111 | +€1,520 | +23.1% |
| Amounts payable within one year | 42/48 | €6,590 | €8,111 | +€1,520 | +23.1% |
| Taxes, remuneration and social security | 45 | €1,308 | - | -€1,308 | |
| Taxes | 450/3 | €1,308 | - | -€1,308 | |
| Other amounts payable | 47/48 | €5,282 | €8,111 | +€2,828 | +53.5% |
| Goods, raw materials, services and sundry goods | 60/61 | €3,268 | €985 | -€2,283 | -69.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €389 | €123 | -€266 | -68.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €40,397 | +€40,397 | |
| Non-recurring operating charges | 66A | €349 | - | -€349 | |
| Gross operating margin | 9900 | -€3,268 | -€985 | +€2,283 | +69.9% |
| Operating profit (loss) | 9901 | -€4,006 | -€41,505 | -€37,498 | -935.9% |
| Financial charges | 65/66B | €113 | - | -€113 | |
| Recurring financial charges | 65 | €113 | - | -€113 | |
| Profit (loss) for the period before taxes | 9903 | -€4,120 | -€41,505 | -€37,385 | -907.5% |
| Profit (loss) for the period | 9904 | -€4,120 | -€41,505 | -€37,385 | -907.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,120 | -€41,505 | -€37,385 | -907.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.