Space2M: 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.
Space2M
Largest movements
- Receivables within one year +€96,578
up €96,578 (+4221.9%), from €2,288 to €98,865
of which Trade receivables: +€98,189
- Cash -€26,213
down €26,213 (-52.1%), from €50,315 to €24,102
mainly Receivables within one year (-€96,578) and Investment in fixed assets (net) (-€200)
- Trade debts +€61,398
up €61,398 (+150.1%), from €40,907 to €102,304
- Tax, wage and social debts +€4,873
new in 2026: €4,873
- Gross operating margin -€17,447
down €17,447 (-85.9%), from €20,300 to €2,853
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €194,943 | €265,577 | +€70,635 | +36.2% |
| Fixed assets | 21/28 | €142,340 | €142,540 | +€200 | +0.1% |
| Financial fixed assets | 28 | €142,340 | €142,540 | +€200 | +0.1% |
| Current assets | 29/58 | €52,603 | €123,037 | +€70,435 | +133.9% |
| Amounts receivable within one year | 40/41 | €2,288 | €98,865 | +€96,578 | +4221.9% |
| Trade receivables | 40 | €676 | €98,865 | +€98,189 | +14520.3% |
| Other amounts receivable | 41 | €1,611 | - | -€1,611 | |
| Cash at bank and in hand | 54/58 | €50,315 | €24,102 | -€26,213 | -52.1% |
| Deferred charges and accrued income | 490/1 | - | €70 | +€70 | |
| Total equity and liabilities | 10/49 | €194,943 | €265,577 | +€70,635 | +36.2% |
| Equity | 10/15 | €16,686 | €18,529 | +€1,843 | +11.0% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €75 | €75 | = | 0.0% |
| Non-distributable reserves | 130/1 | €75 | €75 | = | 0.0% |
| Legal reserve | 130 | €75 | €75 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€83,389 | -€81,546 | +€1,843 | +2.2% |
| Amounts payable | 17/49 | €178,257 | €247,049 | +€68,792 | +38.6% |
| Amounts payable within one year | 42/48 | €178,257 | €247,049 | +€68,792 | +38.6% |
| Trade debts | 44 | €40,907 | €102,304 | +€61,398 | +150.1% |
| Suppliers | 440/4 | €40,907 | €102,304 | +€61,398 | +150.1% |
| Taxes, remuneration and social security | 45 | - | €4,873 | +€4,873 | |
| Taxes | 450/3 | - | €4,873 | +€4,873 | |
| Other amounts payable | 47/48 | €137,350 | €139,871 | +€2,521 | +1.8% |
| Other operating charges | 640/8 | €655 | €632 | -€23 | -3.6% |
| Gross operating margin | 9900 | €20,300 | €2,853 | -€17,447 | -85.9% |
| Operating profit (loss) | 9901 | €19,645 | €2,221 | -€17,423 | -88.7% |
| Financial income | 75/76B | €73 | - | -€73 | |
| Recurring financial income | 75 | €73 | - | -€73 | |
| Financial charges | 65/66B | €456 | €378 | -€77 | -17.0% |
| Recurring financial charges | 65 | €456 | €378 | -€77 | -17.0% |
| Profit (loss) for the period before taxes | 9903 | €19,262 | €1,843 | -€17,419 | -90.4% |
| Profit (loss) for the period | 9904 | €19,262 | €1,843 | -€17,419 | -90.4% |
| Profit (loss) for the period to be appropriated | 9905 | €19,262 | €1,843 | -€17,419 | -90.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.