Space Cowboy: 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.
Space Cowboy
Largest movements
- Cash -€56,654
down €56,654 (-69.3%), from €81,776 to €25,121
mainly Contributions, distributions and other (-€129,142) and Tax, wage and social debts (-€5,114)
- Tangible fixed assets -€13,467
down €13,467 (-23.0%), from €58,466 to €44,999
of which Furniture and vehicles: -€13,905
- Reserves -€64,799
down €64,799 (-50.2%), from €129,142 to €64,343
- Tax, wage and social debts -€5,114
down €5,114 (-49.1%), from €10,413 to €5,299
- Gross operating margin +€4,889
up €4,889 (+5.3%), from €91,489 to €96,378
- Financial income -€2,094
no longer reported in 2025 (was €2,094)
- Depreciation +€2,022
up €2,022 (+16.0%), from €12,671 to €14,693
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 | €159,429 | €89,172 | -€70,257 | -44.1% |
| Fixed assets | 21/28 | €58,466 | €44,999 | -€13,467 | -23.0% |
| Tangible fixed assets | 22/27 | €58,466 | €44,999 | -€13,467 | -23.0% |
| Plant, machinery and equipment | 23 | €527 | €966 | +€438 | +83.1% |
| Furniture and vehicles | 24 | €57,939 | €44,034 | -€13,905 | -24.0% |
| Current assets | 29/58 | €100,963 | €44,173 | -€56,790 | -56.2% |
| Amounts receivable within one year | 40/41 | €18,795 | €18,639 | -€157 | -0.8% |
| Trade receivables | 40 | €15,622 | €15,356 | -€266 | -1.7% |
| Other amounts receivable | 41 | €3,173 | €3,283 | +€110 | +3.5% |
| Cash at bank and in hand | 54/58 | €81,776 | €25,121 | -€56,654 | -69.3% |
| Deferred charges and accrued income | 490/1 | €392 | €413 | +€21 | +5.4% |
| Total equity and liabilities | 10/49 | €159,429 | €89,172 | -€70,257 | -44.1% |
| Equity | 10/15 | €147,742 | €82,943 | -€64,799 | -43.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €129,142 | €64,343 | -€64,799 | -50.2% |
| Distributable reserves | 133 | €129,142 | €64,343 | -€64,799 | -50.2% |
| Amounts payable | 17/49 | €11,687 | €6,230 | -€5,458 | -46.7% |
| Amounts payable within one year | 42/48 | €11,687 | €6,230 | -€5,458 | -46.7% |
| Trade debts | 44 | €787 | €646 | -€141 | -17.9% |
| Suppliers | 440/4 | €787 | €646 | -€141 | -17.9% |
| Taxes, remuneration and social security | 45 | €10,413 | €5,299 | -€5,114 | -49.1% |
| Taxes | 450/3 | €10,413 | €5,299 | -€5,114 | -49.1% |
| Other amounts payable | 47/48 | €487 | €284 | -€203 | -41.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,671 | €14,693 | +€2,022 | +16.0% |
| Other operating charges | 640/8 | €801 | €771 | -€30 | -3.8% |
| Gross operating margin | 9900 | €91,489 | €96,378 | +€4,889 | +5.3% |
| Operating profit (loss) | 9901 | €78,016 | €80,914 | +€2,898 | +3.7% |
| Financial income | 75/76B | €2,094 | - | -€2,094 | |
| Recurring financial income | 75 | €2,094 | - | -€2,094 | |
| Financial charges | 65/66B | €62 | €115 | +€53 | +84.7% |
| Recurring financial charges | 65 | €62 | €115 | +€53 | +84.7% |
| Profit (loss) for the period before taxes | 9903 | €80,048 | €80,799 | +€751 | +0.9% |
| Income taxes | 67/77 | €16,262 | €16,456 | +€194 | +1.2% |
| Profit (loss) for the period | 9904 | €63,786 | €64,343 | +€556 | +0.9% |
| Profit (loss) for the period to be appropriated | 9905 | €63,786 | €64,343 | +€556 | +0.9% |
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 10 October 2026 via checked.be.