NORDIC SPACES: 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.
NORDIC SPACES
Largest movements
- Cash +€16,612
up €16,612 (+1,169%), from €1,421 to €18,033
mainly Net result for the year (+€22,185) and Receivables within one year (+€6,496)
- Receivables within one year -€6,496
down €6,496 (-58.0%), from €11,200 to €4,704
- Tangible fixed assets +€2,367
up €2,367 (+15.0%), from €15,739 to €18,106
of which Land and buildings: +€2,778
- Profit (loss) carried forward +€22,185
up €22,185 (+9.0%), from -€246,550 to -€224,365
- Trade debts -€10,820
down €10,820 (-47.2%), from €22,921 to €12,101
- Tax, wage and social debts +€2,520
up €2,520 (+154%), from €1,640 to €4,160
- Debts after one year -€1,300
down €1,300 (-10.1%), from €12,850 to €11,550
- Gross operating margin +€93,351
up €93,351, from -€45,906 to €47,445
- Other operating charges -€1,639
down €1,639 (-8.1%), from €20,141 to €18,502
- Financial charges +€592
up €592 (+22.0%), from €2,697 to €3,289
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 | €28,361 | €40,946 | +€12,585 | +44.4% |
| Fixed assets | 21/28 | €15,739 | €18,106 | +€2,367 | +15.0% |
| Tangible fixed assets | 22/27 | €15,739 | €18,106 | +€2,367 | +15.0% |
| Land and buildings | 22 | €14,590 | €17,368 | +€2,778 | +19.0% |
| Plant, machinery and equipment | 23 | €1,149 | €738 | -€411 | -35.8% |
| Current assets | 29/58 | €12,622 | €22,840 | +€10,218 | +81.0% |
| Amounts receivable within one year | 40/41 | €11,200 | €4,704 | -€6,496 | -58.0% |
| Trade receivables | 40 | €11,200 | €4,704 | -€6,496 | -58.0% |
| Current investments | 50/53 | €1 | €103 | +€102 | +10,200% |
| Cash at bank and in hand | 54/58 | €1,421 | €18,033 | +€16,612 | +1,169% |
| Total equity and liabilities | 10/49 | €28,361 | €40,946 | +€12,585 | +44.4% |
| Equity | 10/15 | -€185,050 | -€162,865 | +€22,185 | +12.0% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€246,550 | -€224,365 | +€22,185 | +9.0% |
| Amounts payable | 17/49 | €213,411 | €203,811 | -€9,600 | -4.5% |
| Amounts payable after more than one year | 17 | €12,850 | €11,550 | -€1,300 | -10.1% |
| Other amounts payable | 178/9 | €12,850 | €11,550 | -€1,300 | -10.1% |
| Amounts payable within one year | 42/48 | €200,561 | €192,261 | -€8,300 | -4.1% |
| Trade debts | 44 | €22,921 | €12,101 | -€10,820 | -47.2% |
| Suppliers | 440/4 | €22,921 | €12,101 | -€10,820 | -47.2% |
| Taxes, remuneration and social security | 45 | €1,640 | €4,160 | +€2,520 | +154% |
| Taxes | 450/3 | €1,640 | €4,160 | +€2,520 | +154% |
| Other amounts payable | 47/48 | €176,000 | €176,000 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,146 | €3,487 | +€341 | +10.8% |
| Other operating charges | 640/8 | €20,141 | €18,502 | -€1,639 | -8.1% |
| Gross operating margin | 9900 | -€45,906 | €47,445 | +€93,351 | |
| Operating profit (loss) | 9901 | -€69,193 | €25,456 | +€94,649 | |
| Financial income | 75/76B | €60 | €18 | -€42 | -70.0% |
| Recurring financial income | 75 | €60 | €18 | -€42 | -70.0% |
| Financial charges | 65/66B | €2,697 | €3,289 | +€592 | +22.0% |
| Recurring financial charges | 65 | €2,697 | €3,289 | +€592 | +22.0% |
| Profit (loss) for the period before taxes | 9903 | -€71,830 | €22,185 | +€94,015 | |
| Profit (loss) for the period | 9904 | -€71,830 | €22,185 | +€94,015 | |
| Profit (loss) for the period to be appropriated | 9905 | -€71,830 | €22,185 | +€94,015 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.