SPACEKRAFT: 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.
SPACEKRAFT
Largest movements
- Tangible fixed assets +€14,003
up €14,003 (+591.1%), from €2,369 to €16,373
of which Furniture and vehicles: +€12,151
- Receivables within one year +€10,784
up €10,784 (+111.9%), from €9,641 to €20,424
- Cash -€5,187
down €5,187 (-100.0%), from €5,187 to €0
mainly Investment in fixed assets (net) (-€16,768) and Receivables within one year (-€10,784)
- Deferred charges and accrued income +€1,387
up €1,387 (+39.5%), from €3,516 to €4,903
- Reserves +€7,907
up €7,907 (+135.2%), from €5,848 to €13,755
- Trade debts +€6,358
up €6,358 (+78.4%), from €8,111 to €14,469
- Tax, wage and social debts +€4,737
up €4,737 (+128.3%), from €3,693 to €8,430
- Other debts +€1,566
new in 2025: €1,566
- Short-term financial debts +€479
new in 2025: €479
- Gross operating margin +€1,660
up €1,660 (+11.3%), from €14,746 to €16,406
- Financial charges -€1,542
down €1,542 (-50.0%), from €3,081 to €1,539
- Depreciation +€1,391
up €1,391 (+101.3%), from €1,373 to €2,765
- Other operating charges -€352
down €352 (-29.4%), from €1,198 to €845
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 | €20,713 | €41,700 | +€20,987 | +101.3% |
| Fixed assets | 21/28 | €2,369 | €16,373 | +€14,003 | +591.1% |
| Tangible fixed assets | 22/27 | €2,369 | €16,373 | +€14,003 | +591.1% |
| Plant, machinery and equipment | 23 | €2,001 | €3,853 | +€1,852 | +92.6% |
| Furniture and vehicles | 24 | €369 | €12,520 | +€12,151 | +3297.0% |
| Current assets | 29/58 | €18,343 | €25,327 | +€6,984 | +38.1% |
| Amounts receivable within one year | 40/41 | €9,641 | €20,424 | +€10,784 | +111.9% |
| Trade receivables | 40 | €9,641 | €20,424 | +€10,784 | +111.9% |
| Cash at bank and in hand | 54/58 | €5,187 | €0 | -€5,187 | -100.0% |
| Deferred charges and accrued income | 490/1 | €3,516 | €4,903 | +€1,387 | +39.5% |
| Total equity and liabilities | 10/49 | €20,713 | €41,700 | +€20,987 | +101.3% |
| Equity | 10/15 | €8,848 | €16,755 | +€7,907 | +89.4% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €5,848 | €13,755 | +€7,907 | +135.2% |
| Distributable reserves | 133 | €5,848 | €13,755 | +€7,907 | +135.2% |
| Amounts payable | 17/49 | €11,865 | €24,945 | +€13,080 | +110.2% |
| Amounts payable within one year | 42/48 | €11,804 | €24,945 | +€13,141 | +111.3% |
| Financial debts | 43 | - | €479 | +€479 | |
| Credit institutions | 430/8 | - | €479 | +€479 | |
| Trade debts | 44 | €8,111 | €14,469 | +€6,358 | +78.4% |
| Suppliers | 440/4 | €8,111 | €14,469 | +€6,358 | +78.4% |
| Taxes, remuneration and social security | 45 | €3,693 | €8,430 | +€4,737 | +128.3% |
| Taxes | 450/3 | €3,693 | €8,430 | +€4,737 | +128.3% |
| Other amounts payable | 47/48 | - | €1,566 | +€1,566 | |
| Accrued charges and deferred income | 492/3 | €61 | €0 | -€61 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,373 | €2,765 | +€1,391 | +101.3% |
| Other operating charges | 640/8 | €1,198 | €845 | -€352 | -29.4% |
| Gross operating margin | 9900 | €14,746 | €16,406 | +€1,660 | +11.3% |
| Operating profit (loss) | 9901 | €12,175 | €12,796 | +€621 | +5.1% |
| Financial income | 75/76B | €9 | €1 | -€8 | -86.7% |
| Recurring financial income | 75 | €9 | €1 | -€8 | -86.7% |
| Financial charges | 65/66B | €3,081 | €1,539 | -€1,542 | -50.0% |
| Recurring financial charges | 65 | €3,081 | €1,539 | -€1,542 | -50.0% |
| Profit (loss) for the period before taxes | 9903 | €9,102 | €11,258 | +€2,155 | +23.7% |
| Income taxes | 67/77 | €3,255 | €3,351 | +€96 | +3.0% |
| Profit (loss) for the period | 9904 | €5,848 | €7,907 | +€2,059 | +35.2% |
| Profit (loss) for the period to be appropriated | 9905 | €5,848 | €7,907 | +€2,059 | +35.2% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.