SPACE INVEST: 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 INVEST
Largest movements
- Cash -€130,232
down €130,232 (-97.4%), from €133,719 to €3,487
mainly Other debts (-€46,239) and Trade debts (-€40,267)
- Stocks and contracts -€20,841
down €20,841 (-97.4%), from €21,391 to €550
- Tangible fixed assets -€3,961
no longer reported in 2025 (was €3,961)
- Receivables within one year +€3,000
new in 2025: €3,000
- Other debts -€46,239
down €46,239 (-99.5%), from €46,489 to €250
- Trade debts -€40,267
down €40,267 (-99.2%), from €40,579 to €312
- Tax, wage and social debts -€33,608
down €33,608 (-98.2%), from €34,233 to €625
- Reserves -€30,426
no longer reported in 2025 (was €30,426)
- Profit (loss) carried forward -€1,770
new in 2025: -€1,770
- Gross operating margin -€38,531
down €38,531, from €10,222 to -€28,309
- Financial charges -€6,295
down €6,295 (-70.6%), from €8,918 to €2,623
- Depreciation -€823
no longer reported in 2025 (was €823)
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 | €161,727 | €9,417 | -€152,309 | -94.2% |
| Fixed assets | 21/28 | €3,961 | - | -€3,961 | |
| Tangible fixed assets | 22/27 | €3,961 | - | -€3,961 | |
| Plant, machinery and equipment | 23 | €3,961 | - | -€3,961 | |
| Current assets | 29/58 | €157,766 | €9,417 | -€148,349 | -94.0% |
| Stocks and contracts in progress | 3 | €21,391 | €550 | -€20,841 | -97.4% |
| Stocks | 30/36 | €21,391 | €550 | -€20,841 | -97.4% |
| Amounts receivable within one year | 40/41 | - | €3,000 | +€3,000 | |
| Other amounts receivable | 41 | - | €3,000 | +€3,000 | |
| Cash at bank and in hand | 54/58 | €133,719 | €3,487 | -€130,232 | -97.4% |
| Deferred charges and accrued income | 490/1 | €2,656 | €2,381 | -€276 | -10.4% |
| Total equity and liabilities | 10/49 | €161,727 | €9,417 | -€152,309 | -94.2% |
| Equity | 10/15 | €40,426 | €8,230 | -€32,195 | -79.6% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €30,426 | - | -€30,426 | |
| Distributable reserves | 133 | €30,426 | - | -€30,426 | |
| Profit (loss) carried forward | 14 | - | -€1,770 | -€1,770 | |
| Amounts payable | 17/49 | €121,301 | €1,187 | -€120,114 | -99.0% |
| Amounts payable within one year | 42/48 | €121,301 | €1,187 | -€120,114 | -99.0% |
| Trade debts | 44 | €40,579 | €312 | -€40,267 | -99.2% |
| Suppliers | 440/4 | €40,579 | €312 | -€40,267 | -99.2% |
| Taxes, remuneration and social security | 45 | €34,233 | €625 | -€33,608 | -98.2% |
| Taxes | 450/3 | €34,233 | €625 | -€33,608 | -98.2% |
| Other amounts payable | 47/48 | €46,489 | €250 | -€46,239 | -99.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €823 | - | -€823 | |
| Other operating charges | 640/8 | €300 | €303 | +€4 | +1.2% |
| Non-recurring operating charges | 66A | - | €961 | +€961 | |
| Gross operating margin | 9900 | €10,222 | -€28,309 | -€38,531 | |
| Operating profit (loss) | 9901 | €9,099 | -€29,572 | -€38,671 | |
| Financial charges | 65/66B | €8,918 | €2,623 | -€6,295 | -70.6% |
| Recurring financial charges | 65 | €8,918 | €2,623 | -€6,295 | -70.6% |
| Profit (loss) for the period before taxes | 9903 | €181 | -€32,195 | -€32,376 | |
| Income taxes | 67/77 | €56 | - | -€56 | |
| Profit (loss) for the period | 9904 | €125 | -€32,195 | -€32,321 | |
| Profit (loss) for the period to be appropriated | 9905 | €125 | -€32,195 | -€32,321 |
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 1 November 2026 via checked.be.