PUBLIC 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.
PUBLIC SPACE
Largest movements
- Receivables within one year +€12,366
up €12,366 (+392%), from €3,154 to €15,520
of which Trade receivables: +€12,427
- Cash +€6,793
up €6,793 (+24.2%), from €28,072 to €34,866
mainly Net result for the year (+€23,290) and Tax, wage and social debts (+€2,423)
- Stocks and contracts +€4,769
up €4,769 (+76.8%), from €6,211 to €10,980
- Tangible fixed assets -€1,131
down €1,131 (-39.7%), from €2,848 to €1,717
of which Furniture and vehicles: -€919
- Deferred charges and accrued income +€819
up €819 (+72.0%), from €1,137 to €1,956
- Profit (loss) carried forward +€23,290
up €23,290 (+1,082%), from €2,153 to €25,443
- Tax, wage and social debts +€2,423
up €2,423 (+18.9%), from €12,831 to €15,253
- Other debts -€1,893
down €1,893 (-17.5%), from €10,821 to €8,929
- Trade debts -€1,677
down €1,677 (-39.4%), from €4,257 to €2,579
- Accrued charges and deferred income +€699
up €699, from €0 to €699
- Gross operating margin +€93,822
up €93,822, from -€63,449 to €30,373
- Write-downs +€48,726
up €48,726, from -€48,726 to €0
- Taxes +€3,240
up €3,240, from -€9 to €3,231
- Financial charges +€859
up €859 (+198%), from €435 to €1,294
- Depreciation +€820
up €820 (+75.6%), from €1,085 to €1,905
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 | €44,801 | €67,644 | +€22,843 | +51.0% |
| Fixed assets | 21/28 | €6,227 | €4,322 | -€1,905 | -30.6% |
| Intangible fixed assets | 21 | €3,379 | €2,605 | -€774 | -22.9% |
| Tangible fixed assets | 22/27 | €2,848 | €1,717 | -€1,131 | -39.7% |
| Plant, machinery and equipment | 23 | €300 | €88 | -€212 | -70.6% |
| Furniture and vehicles | 24 | €2,548 | €1,629 | -€919 | -36.1% |
| Current assets | 29/58 | €38,574 | €63,322 | +€24,748 | +64.2% |
| Stocks and contracts in progress | 3 | €6,211 | €10,980 | +€4,769 | +76.8% |
| Stocks | 30/36 | €6,211 | €10,980 | +€4,769 | +76.8% |
| Amounts receivable within one year | 40/41 | €3,154 | €15,520 | +€12,366 | +392% |
| Trade receivables | 40 | €3,079 | €15,506 | +€12,427 | +404% |
| Other amounts receivable | 41 | €75 | €14 | -€61 | -80.8% |
| Cash at bank and in hand | 54/58 | €28,072 | €34,866 | +€6,793 | +24.2% |
| Deferred charges and accrued income | 490/1 | €1,137 | €1,956 | +€819 | +72.0% |
| Total equity and liabilities | 10/49 | €44,801 | €67,644 | +€22,843 | +51.0% |
| Equity | 10/15 | €16,893 | €40,183 | +€23,290 | +138% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €2,340 | €2,340 | = | 0.0% |
| Tax-exempt reserves | 132 | €2,240 | €2,240 | = | 0.0% |
| Distributable reserves | 133 | €100 | €100 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,153 | €25,443 | +€23,290 | +1,082% |
| Amounts payable | 17/49 | €27,908 | €27,461 | -€448 | -1.6% |
| Amounts payable within one year | 42/48 | €27,908 | €26,761 | -€1,147 | -4.1% |
| Trade debts | 44 | €4,257 | €2,579 | -€1,677 | -39.4% |
| Suppliers | 440/4 | €4,257 | €2,579 | -€1,677 | -39.4% |
| Taxes, remuneration and social security | 45 | €12,831 | €15,253 | +€2,423 | +18.9% |
| Taxes | 450/3 | €12,831 | €15,253 | +€2,423 | +18.9% |
| Other amounts payable | 47/48 | €10,821 | €8,929 | -€1,893 | -17.5% |
| Accrued charges and deferred income | 492/3 | €0 | €699 | +€699 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,085 | €1,905 | +€820 | +75.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€48,726 | €0 | +€48,726 | |
| Other operating charges | 640/8 | €722 | €723 | +€1 | +0.2% |
| Gross operating margin | 9900 | -€63,449 | €30,373 | +€93,822 | |
| Operating profit (loss) | 9901 | -€16,529 | €27,745 | +€44,275 | |
| Financial income | 75/76B | €48 | €70 | +€22 | +45.1% |
| Recurring financial income | 75 | €48 | €70 | +€22 | +45.1% |
| Financial charges | 65/66B | €435 | €1,294 | +€859 | +198% |
| Recurring financial charges | 65 | €435 | €1,294 | +€859 | +198% |
| Profit (loss) for the period before taxes | 9903 | -€16,916 | €26,521 | +€43,437 | |
| Income taxes | 67/77 | -€9 | €3,231 | +€3,240 | |
| Profit (loss) for the period | 9904 | -€16,906 | €23,290 | +€40,197 | |
| Profit (loss) for the period to be appropriated | 9905 | -€16,906 | €23,290 | +€40,197 |
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 17 October 2026 via checked.be.