SPACEMAKERS: 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.
SPACEMAKERS
Largest movements
- Receivables within one year +€8,293
up €8,293 (+101%), from €8,241 to €16,535
of which Trade receivables: +€8,423
- Tangible fixed assets +€6,035
up €6,035 (+138%), from €4,360 to €10,395
of which Plant, machinery and equipment: +€7,159
- Cash -€572
down €572 (-7.5%), from €7,627 to €7,055
mainly Investment in fixed assets (net) (-€9,582) and Receivables within one year (-€8,293)
- Profit (loss) carried forward +€9,017
up €9,017, from -€9,017 to €0
- Trade debts -€7,270
down €7,270 (-33.8%), from €21,500 to €14,230
- Tax, wage and social debts +€7,190
new in 2026: €7,190
- Reserves +€6,444
new in 2026: €6,444
- Other debts -€1,618
down €1,618 (-74.2%), from €2,180 to €562
- Gross operating margin +€37,992
up €37,992, from -€6,220 to €31,772
- Other operating charges +€8,422
up €8,422 (+1,926%), from €437 to €8,859
- Taxes +€3,643
up €3,643 (+7,072%), from €52 to €3,694
- Depreciation +€1,657
up €1,657 (+87.6%), from €1,891 to €3,547
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.
Derived cash bridge
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 | €20,663 | €34,426 | +€13,763 | +66.6% |
| Fixed assets | 21/28 | €4,360 | €10,395 | +€6,035 | +138% |
| Tangible fixed assets | 22/27 | €4,360 | €10,395 | +€6,035 | +138% |
| Plant, machinery and equipment | 23 | €682 | €7,840 | +€7,159 | +1,050% |
| Furniture and vehicles | 24 | €3,678 | €2,554 | -€1,124 | -30.6% |
| Current assets | 29/58 | €16,303 | €24,031 | +€7,728 | +47.4% |
| Amounts receivable within one year | 40/41 | €8,241 | €16,535 | +€8,293 | +101% |
| Trade receivables | 40 | €8,111 | €16,535 | +€8,423 | +104% |
| Other amounts receivable | 41 | €130 | €0 | -€130 | -100% |
| Cash at bank and in hand | 54/58 | €7,627 | €7,055 | -€572 | -7.5% |
| Deferred charges and accrued income | 490/1 | €434 | €441 | +€7 | +1.7% |
| Total equity and liabilities | 10/49 | €20,663 | €34,426 | +€13,763 | +66.6% |
| Equity | 10/15 | -€3,017 | €12,444 | +€15,461 | |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | - | €6,444 | +€6,444 | |
| Distributable reserves | 133 | - | €6,444 | +€6,444 | |
| Profit (loss) carried forward | 14 | -€9,017 | €0 | +€9,017 | |
| Amounts payable | 17/49 | €23,680 | €21,982 | -€1,698 | -7.2% |
| Amounts payable within one year | 42/48 | €23,680 | €21,982 | -€1,698 | -7.2% |
| Trade debts | 44 | €21,500 | €14,230 | -€7,270 | -33.8% |
| Suppliers | 440/4 | €21,500 | €14,230 | -€7,270 | -33.8% |
| Taxes, remuneration and social security | 45 | - | €7,190 | +€7,190 | |
| Taxes | 450/3 | - | €7,190 | +€7,190 | |
| Other amounts payable | 47/48 | €2,180 | €562 | -€1,618 | -74.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,891 | €3,547 | +€1,657 | +87.6% |
| Other operating charges | 640/8 | €437 | €8,859 | +€8,422 | +1,926% |
| Gross operating margin | 9900 | -€6,220 | €31,772 | +€37,992 | |
| Operating profit (loss) | 9901 | -€8,548 | €19,366 | +€27,913 | |
| Financial income | 75/76B | €15 | €3 | -€12 | -79.8% |
| Recurring financial income | 75 | €15 | €3 | -€12 | -79.8% |
| Financial charges | 65/66B | €433 | €213 | -€220 | -50.9% |
| Recurring financial charges | 65 | €433 | €213 | -€220 | -50.9% |
| Profit (loss) for the period before taxes | 9903 | -€8,965 | €19,156 | +€28,121 | |
| Income taxes | 67/77 | €52 | €3,694 | +€3,643 | +7,072% |
| Profit (loss) for the period | 9904 | -€9,017 | €15,461 | +€24,478 | |
| Profit (loss) for the period to be appropriated | 9905 | -€9,017 | €15,461 | +€24,478 |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.