Space Refinery: 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 Refinery
Largest movements
- Receivables within one year +€230,293
up €230,293 (+53.3%), from €432,048 to €662,341
of which Trade receivables: +€267,217
- Cash -€175,989
down €175,989 (-62.0%), from €284,006 to €108,017
mainly Receivables within one year (-€230,293) and Tax, wage and social debts (-€90,538)
- Tangible fixed assets -€9,966
down €9,966 (-32.1%), from €31,010 to €21,044
- Tax, wage and social debts -€90,538
down €90,538 (-56.4%), from €160,554 to €70,015
of which Taxes: -€67,492
- Trade debts +€84,828
up €84,828 (+58.6%), from €144,758 to €229,586
- Accrued charges and deferred income +€47,726
up €47,726 (+2923.2%), from €1,633 to €49,359
- Other debts -€16,091
down €16,091 (-5.7%), from €282,097 to €266,006
- Reserves +€13,972
up €13,972 (+9.6%), from €145,623 to €159,595
- Gross operating margin -€225,701
down €225,701 (-40.2%), from €561,889 to €336,188
- Staff costs -€133,733
down €133,733 (-31.4%), from €425,389 to €291,656
- Taxes -€21,247
down €21,247 (-66.7%), from €31,836 to €10,589
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €753,265 | €793,162 | +€39,897 | +5.3% |
| Fixed assets | 21/28 | €31,700 | €21,734 | -€9,966 | -31.4% |
| Tangible fixed assets | 22/27 | €31,010 | €21,044 | -€9,966 | -32.1% |
| Furniture and vehicles | 24 | €31,010 | €21,044 | -€9,966 | -32.1% |
| Financial fixed assets | 28 | €690 | €690 | = | 0.0% |
| Current assets | 29/58 | €721,564 | €771,427 | +€49,863 | +6.9% |
| Amounts receivable within one year | 40/41 | €432,048 | €662,341 | +€230,293 | +53.3% |
| Trade receivables | 40 | €390,048 | €657,265 | +€267,217 | +68.5% |
| Other amounts receivable | 41 | €42,000 | €5,076 | -€36,924 | -87.9% |
| Cash at bank and in hand | 54/58 | €284,006 | €108,017 | -€175,989 | -62.0% |
| Deferred charges and accrued income | 490/1 | €5,511 | €1,070 | -€4,441 | -80.6% |
| Total equity and liabilities | 10/49 | €753,265 | €793,162 | +€39,897 | +5.3% |
| Equity | 10/15 | €164,223 | €178,195 | +€13,972 | +8.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €145,623 | €159,595 | +€13,972 | +9.6% |
| Distributable reserves | 133 | €145,623 | €159,595 | +€13,972 | +9.6% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €589,042 | €614,966 | +€25,925 | +4.4% |
| Amounts payable within one year | 42/48 | €587,409 | €565,607 | -€21,802 | -3.7% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €144,758 | €229,586 | +€84,828 | +58.6% |
| Suppliers | 440/4 | €144,758 | €229,586 | +€84,828 | +58.6% |
| Taxes, remuneration and social security | 45 | €160,554 | €70,015 | -€90,538 | -56.4% |
| Taxes | 450/3 | €108,190 | €40,698 | -€67,492 | -62.4% |
| Remuneration and social security | 454/9 | €52,364 | €29,317 | -€23,046 | -44.0% |
| Other amounts payable | 47/48 | €282,097 | €266,006 | -€16,091 | -5.7% |
| Accrued charges and deferred income | 492/3 | €1,633 | €49,359 | +€47,726 | +2923.2% |
| Remuneration, social security and pensions | 62 | €425,389 | €291,656 | -€133,733 | -31.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,634 | €9,966 | +€2,332 | +30.5% |
| Other operating charges | 640/8 | €2,422 | €7,844 | +€5,422 | +223.9% |
| Gross operating margin | 9900 | €561,889 | €336,188 | -€225,701 | -40.2% |
| Operating profit (loss) | 9901 | €126,443 | €26,722 | -€99,722 | -78.9% |
| Financial income | 75/76B | €1,484 | €8 | -€1,476 | -99.5% |
| Recurring financial income | 75 | €1,484 | €8 | -€1,476 | -99.5% |
| Financial charges | 65/66B | €2,431 | €2,168 | -€264 | -10.8% |
| Recurring financial charges | 65 | €2,431 | €2,168 | -€264 | -10.8% |
| Profit (loss) for the period before taxes | 9903 | €125,496 | €24,561 | -€100,934 | -80.4% |
| Income taxes | 67/77 | €31,836 | €10,589 | -€21,247 | -66.7% |
| Profit (loss) for the period | 9904 | €93,660 | €13,972 | -€79,688 | -85.1% |
| Profit (loss) for the period to be appropriated | 9905 | €93,660 | €13,972 | -€79,688 | -85.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.