SPACE 3: 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.
SPACE 3
Largest movements
- Tangible fixed assets +€174,557
up €174,557 (+11.1%), from €1.6m to €1.7m
of which Plant, machinery and equipment: +€107,483
- Receivables within one year -€66,243
down €66,243 (-98.7%), from €67,085 to €843
of which Trade receivables: -€65,965
- Cash +€22,155
up €22,155 (+125.0%), from €17,728 to €39,883
mainly Debts after one year (+€238,414) and Depreciation (+€140,534)
- Debts after one year +€238,414
up €238,414 (+17.9%), from €1.3m to €1.6m
of which Other amounts payable: +€290,944
- Trade debts -€64,362
down €64,362 (-98.8%), from €65,166 to €804
- Profit (loss) carried forward -€51,315
down €51,315 (-29.9%), from -€171,810 to -€223,124
- Turnover +€155,136
new in 2025: €155,136
- Purchases and services +€41,387
new in 2025: €41,387
- Gross operating margin +€25,436
up €25,436 (+28.5%), from €89,112 to €114,547
- Write-downs -€21,570
no longer reported in 2025 (was €21,570)
- Depreciation +€19,628
up €19,628 (+16.2%), from €120,905 to €140,534
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,661,721 | €1,792,116 | +€130,394 | +7.8% |
| Fixed assets | 21/28 | €1,574,831 | €1,749,214 | +€174,384 | +11.1% |
| Tangible fixed assets | 22/27 | €1,574,386 | €1,748,942 | +€174,557 | +11.1% |
| Land and buildings | 22 | €1,298,292 | €1,391,645 | +€93,353 | +7.2% |
| Plant, machinery and equipment | 23 | €161,874 | €269,358 | +€107,483 | +66.4% |
| Furniture and vehicles | 24 | €114,219 | €87,939 | -€26,280 | -23.0% |
| Financial fixed assets | 28 | €445 | €272 | -€173 | -38.8% |
| Current assets | 29/58 | €86,891 | €42,902 | -€43,989 | -50.6% |
| Amounts receivable within one year | 40/41 | €67,085 | €843 | -€66,243 | -98.7% |
| Trade receivables | 40 | €66,808 | €843 | -€65,965 | -98.7% |
| Other amounts receivable | 41 | €278 | - | -€278 | |
| Cash at bank and in hand | 54/58 | €17,728 | €39,883 | +€22,155 | +125.0% |
| Deferred charges and accrued income | 490/1 | €2,077 | €2,176 | +€99 | +4.7% |
| Total equity and liabilities | 10/49 | €1,661,721 | €1,792,116 | +€130,394 | +7.8% |
| Equity | 10/15 | €210,802 | €159,487 | -€51,315 | -24.3% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Revaluation surpluses | 12 | €293,030 | €293,030 | = | 0.0% |
| Reserves | 13 | €69,121 | €69,121 | = | 0.0% |
| Distributable reserves | 133 | €69,121 | €69,121 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€171,810 | -€223,124 | -€51,315 | -29.9% |
| Amounts payable | 17/49 | €1,450,919 | €1,632,629 | +€181,709 | +12.5% |
| Amounts payable after more than one year | 17 | €1,331,865 | €1,570,280 | +€238,414 | +17.9% |
| Financial debts | 170/4 | €858,401 | €805,872 | -€52,529 | -6.1% |
| Other amounts payable | 178/9 | €473,464 | €764,408 | +€290,944 | +61.4% |
| Amounts payable within one year | 42/48 | €119,025 | €62,212 | -€56,814 | -47.7% |
| Current portion of amounts payable after more than one year | 42 | €53,859 | €57,831 | +€3,972 | +7.4% |
| Trade debts | 44 | €65,166 | €804 | -€64,362 | -98.8% |
| Suppliers | 440/4 | €65,166 | €804 | -€64,362 | -98.8% |
| Taxes, remuneration and social security | 45 | - | €3,577 | +€3,577 | |
| Taxes | 450/3 | - | €2,638 | +€2,638 | |
| Remuneration and social security | 454/9 | - | €938 | +€938 | |
| Accrued charges and deferred income | 492/3 | €29 | €137 | +€109 | +377.2% |
| Turnover | 70 | - | €155,136 | +€155,136 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €41,387 | +€41,387 | |
| Remuneration, social security and pensions | 62 | - | €3,408 | +€3,408 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €120,905 | €140,534 | +€19,628 | +16.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €21,570 | - | -€21,570 | |
| Other operating charges | 640/8 | €1,980 | €2,290 | +€311 | +15.7% |
| Non-recurring operating charges | 66A | €17,707 | €5,906 | -€11,801 | -66.6% |
| Gross operating margin | 9900 | €89,112 | €114,547 | +€25,436 | +28.5% |
| Operating profit (loss) | 9901 | -€73,050 | -€37,590 | +€35,460 | +48.5% |
| Financial income | 75/76B | €5 | €0 | -€5 | -91.1% |
| Recurring financial income | 75 | €5 | €0 | -€5 | -91.1% |
| Financial charges | 65/66B | €15,046 | €13,725 | -€1,321 | -8.8% |
| Recurring financial charges | 65 | €15,046 | €13,722 | -€1,324 | -8.8% |
| Non-recurring financial charges | 66B | - | €3 | +€3 | |
| Profit (loss) for the period before taxes | 9903 | -€88,091 | -€51,315 | +€36,776 | +41.7% |
| Profit (loss) for the period | 9904 | -€88,091 | -€51,315 | +€36,776 | +41.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€88,091 | -€51,315 | +€36,776 | +41.7% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.