SPACE-LAB.BE: 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-LAB.BE
Largest movements
- Receivables within one year +€23,131
up €23,131 (+71.5%), from €32,340 to €55,471
of which Trade receivables: +€26,274
- Cash +€8,045
up €8,045 (+44.1%), from €18,242 to €26,287
mainly Net result for the year (+€29,059) and Other debts (+€25,000)
- Other debts +€25,000
new in 2025: €25,000
- Reserves -€19,941
down €19,941 (-82.6%), from €24,134 to €4,193
of which Distributable reserves: -€19,941
- Trade debts +€14,499
up €14,499 (+163.4%), from €8,875 to €23,374
- Tax, wage and social debts +€11,938
up €11,938 (+383.6%), from €3,112 to €15,050
of which Taxes: +€6,891
- Gross operating margin +€20,832
up €20,832 (+69.0%), from €30,203 to €51,035
- Taxes +€5,248
up €5,248 (+181.3%), from €2,895 to €8,143
- Staff costs +€3,299
up €3,299 (+40.3%), from €8,185 to €11,484
- Financial income +€705
up €705 (+535.8%), from €132 to €836
- Other operating charges -€579
down €579 (-44.6%), from €1,300 to €720
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 | €54,671 | €86,360 | +€31,689 | +58.0% |
| Fixed assets | 21/28 | €1,518 | €2,303 | +€785 | +51.7% |
| Tangible fixed assets | 22/27 | €1,518 | €2,303 | +€785 | +51.7% |
| Plant, machinery and equipment | 23 | €556 | €452 | -€104 | -18.7% |
| Furniture and vehicles | 24 | €962 | €1,851 | +€889 | +92.5% |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Current assets | 29/58 | €53,153 | €84,057 | +€30,904 | +58.1% |
| Amounts receivable within one year | 40/41 | €32,340 | €55,471 | +€23,131 | +71.5% |
| Trade receivables | 40 | €20,240 | €46,513 | +€26,274 | +129.8% |
| Other amounts receivable | 41 | €12,101 | €8,958 | -€3,143 | -26.0% |
| Cash at bank and in hand | 54/58 | €18,242 | €26,287 | +€8,045 | +44.1% |
| Deferred charges and accrued income | 490/1 | €2,571 | €2,298 | -€273 | -10.6% |
| Total equity and liabilities | 10/49 | €54,671 | €86,360 | +€31,689 | +58.0% |
| Equity | 10/15 | €42,684 | €22,743 | -€19,941 | -46.7% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €24,134 | €4,193 | -€19,941 | -82.6% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Other | 1319 | €0 | - | = | |
| Distributable reserves | 133 | €24,134 | €4,193 | -€19,941 | -82.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €11,987 | €63,617 | +€51,630 | +430.7% |
| Amounts payable within one year | 42/48 | €11,987 | €63,617 | +€51,630 | +430.7% |
| Financial debts | 43 | - | €193 | +€193 | |
| Credit institutions | 430/8 | - | €193 | +€193 | |
| Trade debts | 44 | €8,875 | €23,374 | +€14,499 | +163.4% |
| Suppliers | 440/4 | €8,875 | €23,374 | +€14,499 | +163.4% |
| Taxes, remuneration and social security | 45 | €3,112 | €15,050 | +€11,938 | +383.6% |
| Taxes | 450/3 | €2,762 | €9,653 | +€6,891 | +249.5% |
| Remuneration and social security | 454/9 | €350 | €5,397 | +€5,047 | +1441.2% |
| Other amounts payable | 47/48 | - | €25,000 | +€25,000 | |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €8,185 | €11,484 | +€3,299 | +40.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,231 | €1,858 | -€373 | -16.7% |
| Other operating charges | 640/8 | €1,300 | €720 | -€579 | -44.6% |
| Gross operating margin | 9900 | €30,203 | €51,035 | +€20,832 | +69.0% |
| Operating profit (loss) | 9901 | €18,488 | €36,974 | +€18,486 | +100.0% |
| Financial income | 75/76B | €132 | €836 | +€705 | +535.8% |
| Recurring financial income | 75 | €132 | €836 | +€705 | +535.8% |
| Financial charges | 65/66B | €796 | €608 | -€187 | -23.5% |
| Recurring financial charges | 65 | €796 | €608 | -€187 | -23.5% |
| Profit (loss) for the period before taxes | 9903 | €17,824 | €37,202 | +€19,378 | +108.7% |
| Income taxes | 67/77 | €2,895 | €8,143 | +€5,248 | +181.3% |
| Profit (loss) for the period | 9904 | €14,929 | €29,059 | +€14,130 | +94.6% |
| Profit (loss) for the period to be appropriated | 9905 | €14,929 | €29,059 | +€14,130 | +94.6% |
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 12 October 2026 via checked.be.