SPACE: 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.
What changed
SPACE
NACE 73.110, Advertising agencies
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€722,060
2024 · €639,042+€83,018
Equity
€701,110
2024 · €508,095+€193,015
Cash
€19.2m
2024 · €6.6m+€12.6m
Balance sheet total
€46.4m
2024 · €39.6m+€6.9m
Largest movements
Assets
- Cash +€12.6m
up €12.6m (+189.7%), from €6.6m to €19.2m
mainly Trade debts (+€8.7m) and Receivables within one year (+€5.8m)
- Receivables within one year -€5.8m
down €5.8m (-18.2%), from €32.0m to €26.2m
of which Trade receivables: -€5.7m
Equity and liabilities
- Trade debts +€8.7m
up €8.7m (+26.1%), from €33.5m to €42.2m
- Advances received -€2.1m
down €2.1m (-60.4%), from €3.4m to €1.4m
Income statement
- Turnover -€8.9m
down €8.9m (-5.9%), from €150.6m to €141.7m
- Goods and materials -€8.7m
down €8.7m (-6.2%), from €140.3m to €131.6m
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.
Result 2024
€639,042
Turnover
-€8.9m
Other operating income
+€2,061
Goods and materials
+€8.7m
Services and other goods
+€145,956
Staff costs
+€1.5m
Depreciation
+€64,927
Provisions
-€1.2m
Other operating charges
-€897
Other operating items
+€21,728
Financial income
-€164,446
Financial charges
-€63,529
Taxes
-€3,018
Result 2025
€722,060
Cash bridge derived
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.
From operations
+€13.3m
Investment
-€205,418
Financing
-€529,045
Cash 2024
€6.6m
From operations (derived)
+€13.3m
Net result for the year
+€722,060
Depreciation
+€174,266
Receivables after one year
+€30,853
Receivables within one year
+€5.8m
Deferred charges and accrued income
-€108,183
Provisions
-€35,000
Trade debts
+€8.7m
Tax, wage and social debts
-€250,829
Advances received
-€2.1m
Other debts
+€257,140
Accrued charges and deferred income
+€15,714
Investment (derived)
-€205,418
Investment in fixed assets (net)
-€205,418
Financing
-€529,045
Contributions, distributions and other
-€529,045
Cash 2025
€19.2m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €39,568,589 | €46,428,256 | +€6.9m | +17.3% |
| Fixed assets | 21/28 | €366,514 | €397,666 | +€31,152 | +8.5% |
| Intangible fixed assets | 21 | €218,697 | €250,684 | +€31,987 | +14.6% |
| Tangible fixed assets | 22/27 | €147,817 | €146,982 | -€835 | -0.6% |
| Furniture and vehicles | 24 | €122,171 | €128,676 | +€6,505 | +5.3% |
| Other tangible fixed assets | 26 | €25,646 | €18,306 | -€7,340 | -28.6% |
| Current assets | 29/58 | €39,202,075 | €46,030,590 | +€6.8m | +17.4% |
| Amounts receivable after more than one year | 29 | €373,437 | €342,584 | -€30,853 | -8.3% |
| Trade receivables | 290 | €373,437 | €342,584 | -€30,853 | -8.3% |
| Amounts receivable within one year | 40/41 | €32,040,111 | €26,221,735 | -€5.8m | -18.2% |
| Trade receivables | 40 | €31,942,450 | €26,221,735 | -€5.7m | -17.9% |
| Other amounts receivable | 41 | €97,661 | - | -€97,661 | |
| Cash at bank and in hand | 54/58 | €6,625,106 | €19,194,667 | +€12.6m | +189.7% |
| Deferred charges and accrued income | 490/1 | €163,421 | €271,604 | +€108,183 | +66.2% |
| Total equity and liabilities | 10/49 | €39,568,589 | €46,428,256 | +€6.9m | +17.3% |
| Equity | 10/15 | €508,095 | €701,110 | +€193,015 | +38.0% |
| Contributions | 10/11 | €123,947 | €123,947 | = | 0.0% |
| Capital | 10 | €123,947 | €123,947 | = | 0.0% |
| Issued capital | 100 | €123,947 | €123,947 | = | 0.0% |
| Reserves | 13 | €12,395 | €12,395 | = | 0.0% |
| Non-distributable reserves | 130/1 | €12,395 | €12,395 | = | 0.0% |
| Legal reserve | 130 | €12,395 | €12,395 | = | 0.0% |
| Profit (loss) carried forward | 14 | €371,753 | €564,768 | +€193,015 | +51.9% |
| Provisions and deferred taxes | 16 | €35,000 | - | -€35,000 | |
| Provisions for liabilities and charges | 160/5 | €35,000 | - | -€35,000 | |
| Other liabilities and charges | 164/5 | €35,000 | - | -€35,000 | |
| Amounts payable | 17/49 | €39,025,494 | €45,727,146 | +€6.7m | +17.2% |
| Amounts payable within one year | 42/48 | €38,927,677 | €45,613,615 | +€6.7m | +17.2% |
| Trade debts | 44 | €33,476,468 | €42,217,643 | +€8.7m | +26.1% |
| Suppliers | 440/4 | €33,476,468 | €42,217,643 | +€8.7m | +26.1% |
| Advances received on contracts in progress | 46 | €3,415,364 | €1,353,816 | -€2.1m | -60.4% |
| Taxes, remuneration and social security | 45 | €1,752,125 | €1,501,296 | -€250,829 | -14.3% |
| Taxes | 450/3 | €1,036,612 | €795,767 | -€240,845 | -23.2% |
| Remuneration and social security | 454/9 | €715,513 | €705,529 | -€9,984 | -1.4% |
| Other amounts payable | 47/48 | €283,720 | €540,860 | +€257,140 | +90.6% |
| Accrued charges and deferred income | 492/3 | €97,817 | €113,531 | +€15,714 | +16.1% |
| Operating income | 70/76A | €150,732,813 | €141,813,718 | -€8.9m | -5.9% |
| Turnover | 70 | €150,626,771 | €141,683,587 | -€8.9m | -5.9% |
| Own construction capitalised | 72 | €87,972 | €110,000 | +€22,028 | +25.0% |
| Other operating income | 74 | €18,070 | €20,131 | +€2,061 | +11.4% |
| Operating charges | 60/66A | €150,140,727 | €140,907,621 | -€9.2m | -6.1% |
| Goods for resale, raw materials and consumables | 60 | €140,293,813 | €131,562,199 | -€8.7m | -6.2% |
| Services and other goods | 61 | €3,177,906 | €3,031,950 | -€145,956 | -4.6% |
| Remuneration, social security and pensions | 62 | €7,621,087 | €6,152,181 | -€1.5m | -19.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €239,193 | €174,266 | -€64,927 | -27.1% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€1,212,100 | -€35,000 | +€1.2m | +97.1% |
| Other operating charges | 640/8 | €20,828 | €21,725 | +€897 | +4.3% |
| Non-recurring operating charges | 66A | - | €300 | +€300 | |
| Operating profit (loss) | 9901 | €592,086 | €906,097 | +€314,011 | +53.0% |
| Recurring financial income | 75 | €464,977 | €300,531 | -€164,446 | -35.4% |
| Other financial income | 752/9 | €464,977 | €300,531 | -€164,446 | -35.4% |
| Financial charges | 65/66B | €84,741 | €148,270 | +€63,529 | +75.0% |
| Recurring financial charges | 65 | €84,741 | €148,270 | +€63,529 | +75.0% |
| Debt charges | 650 | €84,741 | €148,270 | +€63,529 | +75.0% |
| Profit (loss) for the period before taxes | 9903 | €972,322 | €1,058,358 | +€86,036 | +8.8% |
| Income taxes | 67/77 | €333,280 | €336,298 | +€3,018 | +0.9% |
| Taxes | 670/3 | €333,280 | €336,298 | +€3,018 | +0.9% |
| Profit (loss) for the period | 9904 | €639,042 | €722,060 | +€83,018 | +13.0% |
| Profit (loss) for the period to be appropriated | 9905 | €639,042 | €722,060 | +€83,018 | +13.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.