SPACE EVENT: 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 EVENT
Largest movements
- Tangible fixed assets -€121,806
down €121,806 (-4.0%), from €3.1m to €2.9m
of which Land and buildings: -€121,560
- Financial fixed assets -€66,304
down €66,304 (-4.9%), from €1.3m to €1.3m
- Profit (loss) carried forward -€149,940
down €149,940 (-8.8%), from -€1.7m to -€1.9m
- Revaluation surpluses -€95,125
down €95,125 (-3.6%), from €2.7m to €2.6m
- Reserves +€95,125
up €95,125 (+10.1%), from €946,224 to €1.0m
of which Distributable reserves: +€95,565
- Debts after one year -€84,880
down €84,880 (-3.9%), from €2.2m to €2.1m
of which Financial debts: -€113,505
- Financial charges +€59,296
up €59,296 (+48.3%), from €122,788 to €182,084
of which Financial charges: +€78,574
- Gross operating margin -€9,324
down €9,324 (-6.6%), from €140,636 to €131,312
- Financial income +€5,143
up €5,143 (+13.8%), from €37,242 to €42,385
- Other operating charges +€2,266
up €2,266 (+13.0%), from €17,481 to €19,747
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 | €4,470,635 | €4,255,600 | -€215,035 | -4.8% |
| Fixed assets | 21/28 | €4,409,537 | €4,221,427 | -€188,110 | -4.3% |
| Tangible fixed assets | 22/27 | €3,068,569 | €2,946,763 | -€121,806 | -4.0% |
| Land and buildings | 22 | €3,068,078 | €2,946,517 | -€121,560 | -4.0% |
| Furniture and vehicles | 24 | €491 | €245 | -€246 | -50.0% |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Financial fixed assets | 28 | €1,340,968 | €1,274,664 | -€66,304 | -4.9% |
| Current assets | 29/58 | €61,099 | €34,173 | -€26,926 | -44.1% |
| Amounts receivable within one year | 40/41 | €18,929 | €1,258 | -€17,671 | -93.4% |
| Trade receivables | 40 | €18,129 | €1,258 | -€16,871 | -93.1% |
| Other amounts receivable | 41 | €800 | €0 | -€800 | -100% |
| Current investments | 50/53 | €9,159 | €9,225 | +€66 | +0.7% |
| Cash at bank and in hand | 54/58 | €31,273 | €21,712 | -€9,561 | -30.6% |
| Deferred charges and accrued income | 490/1 | €1,737 | €1,978 | +€241 | +13.9% |
| Total equity and liabilities | 10/49 | €4,470,635 | €4,255,600 | -€215,035 | -4.8% |
| Equity | 10/15 | €1,934,480 | €1,784,540 | -€149,940 | -7.8% |
| Contributions | 10/11 | €24,294 | €24,294 | = | 0.0% |
| Revaluation surpluses | 12 | €2,664,678 | €2,569,553 | -€95,125 | -3.6% |
| Reserves | 13 | €946,224 | €1,041,349 | +€95,125 | +10.1% |
| Non-distributable reserves | 130/1 | €440 | €0 | -€440 | -100% |
| Reserves not available under the articles | 1311 | €440 | €0 | -€440 | -100% |
| Distributable reserves | 133 | €945,784 | €1,041,349 | +€95,565 | +10.1% |
| Profit (loss) carried forward | 14 | -€1,700,715 | -€1,850,655 | -€149,940 | -8.8% |
| Amounts payable | 17/49 | €2,536,155 | €2,471,060 | -€65,095 | -2.6% |
| Amounts payable after more than one year | 17 | €2,177,347 | €2,092,467 | -€84,880 | -3.9% |
| Financial debts | 170/4 | €1,255,297 | €1,141,793 | -€113,505 | -9.0% |
| Other amounts payable | 178/9 | €922,050 | €950,675 | +€28,625 | +3.1% |
| Amounts payable within one year | 42/48 | €342,181 | €365,189 | +€23,008 | +6.7% |
| Current portion of amounts payable after more than one year | 42 | €112,349 | €116,440 | +€4,091 | +3.6% |
| Financial debts | 43 | €200,000 | €206,254 | +€6,254 | +3.1% |
| Credit institutions | 430/8 | €200,000 | €206,254 | +€6,254 | +3.1% |
| Other loans | 439 | €0 | - | = | |
| Trade debts | 44 | €18,789 | €29,100 | +€10,311 | +54.9% |
| Suppliers | 440/4 | €18,789 | €29,100 | +€10,311 | +54.9% |
| Other amounts payable | 47/48 | €11,042 | €13,394 | +€2,352 | +21.3% |
| Accrued charges and deferred income | 492/3 | €16,627 | €13,403 | -€3,224 | -19.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €122,902 | €121,806 | -€1,096 | -0.9% |
| Other operating charges | 640/8 | €17,481 | €19,747 | +€2,266 | +13.0% |
| Gross operating margin | 9900 | €140,636 | €131,312 | -€9,324 | -6.6% |
| Operating profit (loss) | 9901 | €254 | -€10,241 | -€10,494 | |
| Financial income | 75/76B | €37,242 | €42,385 | +€5,143 | +13.8% |
| Recurring financial income | 75 | €37,242 | €42,385 | +€5,143 | +13.8% |
| Financial charges | 65/66B | €122,788 | €182,084 | +€59,296 | +48.3% |
| Recurring financial charges | 65 | €103,510 | €182,084 | +€78,574 | +75.9% |
| Non-recurring financial charges | 66B | €19,277 | €0 | -€19,277 | -100% |
| Profit (loss) for the period before taxes | 9903 | -€85,293 | -€149,940 | -€64,647 | -75.8% |
| Profit (loss) for the period | 9904 | -€85,293 | -€149,940 | -€64,647 | -75.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€85,293 | -€149,940 | -€64,647 | -75.8% |
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 13 October 2026 via checked.be.