Space owl: 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 owl
Largest movements
- Cash -€32,192
down €32,192 (-49.9%), from €64,576 to €32,384
mainly Contributions, distributions and other (-€82,000) and Other debts (-€4,300)
- Receivables within one year -€10,116
down €10,116 (-46.9%), from €21,581 to €11,466
of which Trade receivables: -€9,693
- Tangible fixed assets -€2,168
down €2,168 (-37.4%), from €5,795 to €3,627
- Reserves -€39,000
down €39,000 (-100.0%), from €39,000 to €0
- Profit (loss) carried forward -€4,928
down €4,928, from €753 to -€4,174
- Other debts -€4,300
down €4,300 (-9.9%), from €43,504 to €39,204
- Tax, wage and social debts +€2,627
up €2,627 (+34.5%), from €7,620 to €10,247
- Accrued charges and deferred income +€1,250
new in 2025: €1,250
- Gross operating margin +€9,158
up €9,158 (+20.2%), from €45,392 to €54,549
- Taxes +€8,652
up €8,652 (+188.8%), from €4,584 to €13,236
- Other operating charges +€791
up €791 (+562.8%), from €141 to €931
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 | €95,027 | €49,652 | -€45,375 | -47.7% |
| Fixed assets | 21/28 | €5,795 | €3,627 | -€2,168 | -37.4% |
| Tangible fixed assets | 22/27 | €5,795 | €3,627 | -€2,168 | -37.4% |
| Furniture and vehicles | 24 | €5,795 | €3,627 | -€2,168 | -37.4% |
| Current assets | 29/58 | €89,232 | €46,025 | -€43,207 | -48.4% |
| Amounts receivable within one year | 40/41 | €21,581 | €11,466 | -€10,116 | -46.9% |
| Trade receivables | 40 | €21,159 | €11,466 | -€9,693 | -45.8% |
| Other amounts receivable | 41 | €422 | €0 | -€422 | -100.0% |
| Cash at bank and in hand | 54/58 | €64,576 | €32,384 | -€32,192 | -49.9% |
| Deferred charges and accrued income | 490/1 | €3,075 | €2,175 | -€900 | -29.3% |
| Total equity and liabilities | 10/49 | €95,027 | €49,652 | -€45,375 | -47.7% |
| Equity | 10/15 | €42,253 | -€1,674 | -€43,928 | |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €39,000 | €0 | -€39,000 | -100.0% |
| Distributable reserves | 133 | €39,000 | €0 | -€39,000 | -100.0% |
| Profit (loss) carried forward | 14 | €753 | -€4,174 | -€4,928 | |
| Amounts payable | 17/49 | €52,774 | €51,327 | -€1,447 | -2.7% |
| Amounts payable within one year | 42/48 | €52,774 | €50,077 | -€2,697 | -5.1% |
| Financial debts | 43 | €146 | €299 | +€152 | +104.4% |
| Credit institutions | 430/8 | €146 | €299 | +€152 | +104.4% |
| Trade debts | 44 | €1,504 | €328 | -€1,177 | -78.2% |
| Suppliers | 440/4 | €1,504 | €328 | -€1,177 | -78.2% |
| Taxes, remuneration and social security | 45 | €7,620 | €10,247 | +€2,627 | +34.5% |
| Taxes | 450/3 | €7,620 | €10,247 | +€2,627 | +34.5% |
| Other amounts payable | 47/48 | €43,504 | €39,204 | -€4,300 | -9.9% |
| Accrued charges and deferred income | 492/3 | - | €1,250 | +€1,250 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,266 | €2,168 | -€98 | -4.3% |
| Other operating charges | 640/8 | €141 | €931 | +€791 | +562.8% |
| Gross operating margin | 9900 | €45,392 | €54,549 | +€9,158 | +20.2% |
| Operating profit (loss) | 9901 | €42,985 | €51,450 | +€8,465 | +19.7% |
| Financial income | 75/76B | €44 | €0 | -€44 | -100.0% |
| Recurring financial income | 75 | €44 | €0 | -€44 | -100.0% |
| Financial charges | 65/66B | €92 | €142 | +€50 | +54.1% |
| Recurring financial charges | 65 | €92 | €142 | +€50 | +54.1% |
| Profit (loss) for the period before taxes | 9903 | €42,937 | €51,308 | +€8,371 | +19.5% |
| Income taxes | 67/77 | €4,584 | €13,236 | +€8,652 | +188.8% |
| Profit (loss) for the period | 9904 | €38,353 | €38,072 | -€281 | -0.7% |
| Profit (loss) for the period to be appropriated | 9905 | €38,353 | €38,072 | -€281 | -0.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.