SpaceConnect: 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.
SpaceConnect
Largest movements
- Receivables within one year -€107,347
down €107,347 (-53.7%), from €199,753 to €92,407
of which Other amounts receivable: -€75,436
- Deferred charges and accrued income +€101,210
up €101,210 (+6849.3%), from €1,478 to €102,688
- Tangible fixed assets -€86,369
down €86,369 (-19.7%), from €437,331 to €350,963
of which Plant, machinery and equipment: -€71,881
- Cash -€85,269
down €85,269 (-47.2%), from €180,727 to €95,459
mainly Trade debts (-€177,774) and Deferred charges and accrued income (-€101,210)
- Trade debts -€177,774
down €177,774 (-52.0%), from €341,868 to €164,095
- Profit (loss) carried forward +€65,721
up €65,721 (+108.0%), from €60,830 to €126,551
- Tax, wage and social debts -€38,859
down €38,859 (-50.7%), from €76,677 to €37,818
- Debts after one year -€13,406
down €13,406 (-62.0%), from €21,606 to €8,200
of which Financial debts: -€13,406
- Accrued charges and deferred income -€12,504
down €12,504 (-31.4%), from €39,770 to €27,266
- Gross operating margin +€93,211
up €93,211 (+55.5%), from €168,014 to €261,225
- Other operating charges +€65,165
up €65,165 (+738.2%), from €8,827 to €73,993
- Taxes +€10,627
up €10,627 (+51.6%), from €20,602 to €31,229
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €819,290 | €641,516 | -€177,774 | -21.7% |
| Fixed assets | 21/28 | €437,331 | €350,963 | -€86,369 | -19.7% |
| Tangible fixed assets | 22/27 | €437,331 | €350,963 | -€86,369 | -19.7% |
| Land and buildings | 22 | €6,249 | €2,196 | -€4,053 | -64.9% |
| Plant, machinery and equipment | 23 | €324,567 | €252,686 | -€71,881 | -22.1% |
| Furniture and vehicles | 24 | €103,938 | €93,503 | -€10,435 | -10.0% |
| Other tangible fixed assets | 26 | €2,578 | €2,578 | = | 0.0% |
| Current assets | 29/58 | €381,958 | €290,554 | -€91,405 | -23.9% |
| Amounts receivable within one year | 40/41 | €199,753 | €92,407 | -€107,347 | -53.7% |
| Trade receivables | 40 | €118,489 | €86,579 | -€31,910 | -26.9% |
| Other amounts receivable | 41 | €81,264 | €5,828 | -€75,436 | -92.8% |
| Cash at bank and in hand | 54/58 | €180,727 | €95,459 | -€85,269 | -47.2% |
| Deferred charges and accrued income | 490/1 | €1,478 | €102,688 | +€101,210 | +6849.3% |
| Total equity and liabilities | 10/49 | €819,290 | €641,516 | -€177,774 | -21.7% |
| Equity | 10/15 | €233,771 | €299,491 | +€65,721 | +28.1% |
| Contributions | 10/11 | €128,000 | €128,000 | = | 0.0% |
| Capital | 10 | €128,000 | €128,000 | = | 0.0% |
| Issued capital | 100 | €128,000 | €128,000 | = | 0.0% |
| Reserves | 13 | €44,940 | €44,940 | = | 0.0% |
| Non-distributable reserves | 130/1 | €24,200 | €24,200 | = | 0.0% |
| Legal reserve | 130 | €24,200 | €24,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €20,740 | €20,740 | = | 0.0% |
| Profit (loss) carried forward | 14 | €60,830 | €126,551 | +€65,721 | +108.0% |
| Amounts payable | 17/49 | €585,519 | €342,025 | -€243,494 | -41.6% |
| Amounts payable after more than one year | 17 | €21,606 | €8,200 | -€13,406 | -62.0% |
| Financial debts | 170/4 | €20,806 | €7,400 | -€13,406 | -64.4% |
| Other amounts payable | 178/9 | €800 | €800 | = | 0.0% |
| Amounts payable within one year | 42/48 | €524,143 | €306,558 | -€217,585 | -41.5% |
| Current portion of amounts payable after more than one year | 42 | €23,455 | €17,091 | -€6,364 | -27.1% |
| Trade debts | 44 | €341,868 | €164,095 | -€177,774 | -52.0% |
| Suppliers | 440/4 | €341,868 | €164,095 | -€177,774 | -52.0% |
| Advances received on contracts in progress | 46 | €1,924 | €0 | -€1,924 | -100.0% |
| Taxes, remuneration and social security | 45 | €76,677 | €37,818 | -€38,859 | -50.7% |
| Taxes | 450/3 | €76,677 | €37,818 | -€38,859 | -50.7% |
| Other amounts payable | 47/48 | €80,219 | €87,555 | +€7,336 | +9.1% |
| Accrued charges and deferred income | 492/3 | €39,770 | €27,266 | -€12,504 | -31.4% |
| Non-recurring operating income | 76A | €117,493 | €0 | -€117,493 | -100.0% |
| Remuneration, social security and pensions | 62 | €105 | €1,000 | +€895 | +852.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €86,834 | €88,179 | +€1,345 | +1.5% |
| Other operating charges | 640/8 | €8,827 | €73,993 | +€65,165 | +738.2% |
| Gross operating margin | 9900 | €168,014 | €261,225 | +€93,211 | +55.5% |
| Operating profit (loss) | 9901 | €72,248 | €98,053 | +€25,806 | +35.7% |
| Financial income | 75/76B | €56 | €0 | -€56 | -100.0% |
| Recurring financial income | 75 | €56 | €0 | -€56 | -100.0% |
| Financial charges | 65/66B | €1,743 | €1,104 | -€639 | -36.6% |
| Recurring financial charges | 65 | €1,743 | €1,104 | -€639 | -36.6% |
| Profit (loss) for the period before taxes | 9903 | €70,561 | €96,949 | +€26,388 | +37.4% |
| Income taxes | 67/77 | €20,602 | €31,229 | +€10,627 | +51.6% |
| Profit (loss) for the period | 9904 | €49,959 | €65,721 | +€15,762 | +31.5% |
| Profit (loss) for the period to be appropriated | 9905 | €49,959 | €65,721 | +€15,762 | +31.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.