SPACEHUNTR: 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.
SPACEHUNTR
Largest movements
- Cash -€233,243
down €233,243 (-69.4%), from €336,086 to €102,843
mainly Trade debts (-€548,564) and Other debts (-€80,000)
- Deferred charges and accrued income +€12,243
new in 2025: €12,243
- Trade debts -€548,564
down €548,564 (-73.7%), from €744,101 to €195,537
- Debts after one year +€327,500
up €327,500 (+236.9%), from €138,249 to €465,749
of which Other amounts payable: +€408,249
- Profit (loss) carried forward +€115,152
up €115,152 (+26.6%), from -€432,216 to -€317,064
- Other debts -€80,000
down €80,000 (-100.0%), from €80,000 to €0
- Accrued charges and deferred income -€21,110
down €21,110 (-18.2%), from €115,857 to €94,747
- Gross operating margin +€196,059
up €196,059, from -€51,477 to €144,583
- Financial charges -€70,744
down €70,744 (-77.2%), from €91,627 to €20,882
- Financial income +€2,715
up €2,715, from €0 to €2,715
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 | €679,304 | €463,556 | -€215,748 | -31.8% |
| Fixed assets | 21/28 | €365 | €0 | -€365 | -100.0% |
| Tangible fixed assets | 22/27 | €0 | - | = | |
| Furniture and vehicles | 24 | €0 | - | = | |
| Financial fixed assets | 28 | €365 | €0 | -€365 | -100.0% |
| Current assets | 29/58 | €678,939 | €463,556 | -€215,383 | -31.7% |
| Amounts receivable within one year | 40/41 | €342,853 | €348,470 | +€5,617 | +1.6% |
| Trade receivables | 40 | €251,920 | €285,149 | +€33,229 | +13.2% |
| Other amounts receivable | 41 | €90,933 | €63,321 | -€27,612 | -30.4% |
| Cash at bank and in hand | 54/58 | €336,086 | €102,843 | -€233,243 | -69.4% |
| Deferred charges and accrued income | 490/1 | - | €12,243 | +€12,243 | |
| Total equity and liabilities | 10/49 | €679,304 | €463,556 | -€215,748 | -31.8% |
| Equity | 10/15 | -€412,324 | -€297,172 | +€115,152 | +27.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,292 | €1,292 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,223 | €1,223 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,223 | €1,223 | = | 0.0% |
| Distributable reserves | 133 | €69 | €69 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€432,216 | -€317,064 | +€115,152 | +26.6% |
| Amounts payable | 17/49 | €1,091,627 | €760,728 | -€330,900 | -30.3% |
| Amounts payable after more than one year | 17 | €138,249 | €465,749 | +€327,500 | +236.9% |
| Financial debts | 170/4 | €138,249 | €57,500 | -€80,749 | -58.4% |
| Other amounts payable | 178/9 | - | €408,249 | +€408,249 | |
| Amounts payable within one year | 42/48 | €837,522 | €200,232 | -€637,290 | -76.1% |
| Trade debts | 44 | €744,101 | €195,537 | -€548,564 | -73.7% |
| Suppliers | 440/4 | €744,101 | €195,537 | -€548,564 | -73.7% |
| Advances received on contracts in progress | 46 | €12,782 | €3,700 | -€9,083 | -71.1% |
| Taxes, remuneration and social security | 45 | €638 | €995 | +€357 | +55.9% |
| Taxes | 450/3 | €638 | €995 | +€357 | +55.9% |
| Other amounts payable | 47/48 | €80,000 | €0 | -€80,000 | -100.0% |
| Accrued charges and deferred income | 492/3 | €115,857 | €94,747 | -€21,110 | -18.2% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €686 | €0 | -€686 | -100.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €400 | €1,658 | +€1,258 | +314.6% |
| Gross operating margin | 9900 | -€51,477 | €144,583 | +€196,059 | |
| Operating profit (loss) | 9901 | -€52,563 | €142,925 | +€195,487 | |
| Financial income | 75/76B | €0 | €2,715 | +€2,715 | |
| Recurring financial income | 75 | €0 | €2,715 | +€2,715 | |
| Financial charges | 65/66B | €91,627 | €20,882 | -€70,744 | -77.2% |
| Recurring financial charges | 65 | €91,627 | €20,882 | -€70,744 | -77.2% |
| Profit (loss) for the period before taxes | 9903 | -€144,189 | €124,757 | +€268,946 | |
| Income taxes | 67/77 | €0 | €501 | +€501 | |
| Profit (loss) for the period | 9904 | -€144,189 | €124,256 | +€268,445 | |
| Profit (loss) for the period to be appropriated | 9905 | -€144,189 | €124,256 | +€268,445 |
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 11 October 2026 via checked.be.