SPACEMATE: 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.
SPACEMATE
Largest movements
- Receivables within one year +€194,968
up €194,968 (+702.7%), from €27,745 to €222,714
of which Trade receivables: +€195,205
- Stocks and contracts -€131,484
down €131,484 (-100.0%), from €131,484 to €0
- Tangible fixed assets -€96,922
down €96,922 (-3.0%), from €3.2m to €3.1m
of which Land and buildings: -€84,691
- Debts after one year -€89,477
down €89,477 (-3.2%), from €2.8m to €2.7m
of which Financial debts: -€180,267
- Accrued charges and deferred income +€51,289
up €51,289 (+127.8%), from €40,139 to €91,428
- Gross operating margin +€50,736
up €50,736 (+44.2%), from €114,688 to €165,423
- Depreciation +€16,781
up €16,781 (+19.2%), from €87,481 to €104,262
- Financial charges +€15,283
up €15,283 (+26.4%), from €57,797 to €73,080
- Other operating charges -€7,648
down €7,648 (-47.9%), from €15,968 to €8,320
- Taxes -€1,756
down €1,756 (-100.0%), from €1,756 to €0
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 | €3,451,463 | €3,416,114 | -€35,349 | -1.0% |
| Fixed assets | 21/28 | €3,265,779 | €3,161,517 | -€104,262 | -3.2% |
| Intangible fixed assets | 21 | €68,025 | €60,685 | -€7,340 | -10.8% |
| Tangible fixed assets | 22/27 | €3,197,754 | €3,100,832 | -€96,922 | -3.0% |
| Land and buildings | 22 | €3,144,077 | €3,059,387 | -€84,691 | -2.7% |
| Plant, machinery and equipment | 23 | €51,252 | €40,542 | -€10,710 | -20.9% |
| Furniture and vehicles | 24 | €2,424 | €903 | -€1,521 | -62.8% |
| Assets under construction and advance payments | 27 | €0 | - | = | |
| Current assets | 29/58 | €185,684 | €254,597 | +€68,913 | +37.1% |
| Stocks and contracts in progress | 3 | €131,484 | €0 | -€131,484 | -100.0% |
| Stocks | 30/36 | €131,484 | €0 | -€131,484 | -100.0% |
| Amounts receivable within one year | 40/41 | €27,745 | €222,714 | +€194,968 | +702.7% |
| Trade receivables | 40 | €27,509 | €222,714 | +€195,205 | +709.6% |
| Other amounts receivable | 41 | €237 | €0 | -€237 | -100.0% |
| Cash at bank and in hand | 54/58 | €23,116 | €29,445 | +€6,329 | +27.4% |
| Deferred charges and accrued income | 490/1 | €3,338 | €2,438 | -€900 | -27.0% |
| Total equity and liabilities | 10/49 | €3,451,463 | €3,416,114 | -€35,349 | -1.0% |
| Equity | 10/15 | €389,865 | €369,627 | -€20,238 | -5.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €371,302 | €351,027 | -€20,275 | -5.5% |
| Distributable reserves | 133 | €371,302 | €351,027 | -€20,275 | -5.5% |
| Profit (loss) carried forward | 14 | -€38 | €0 | +€38 | |
| Amounts payable | 17/49 | €3,061,598 | €3,046,487 | -€15,111 | -0.5% |
| Amounts payable after more than one year | 17 | €2,831,244 | €2,741,767 | -€89,477 | -3.2% |
| Financial debts | 170/4 | €2,423,147 | €2,242,880 | -€180,267 | -7.4% |
| Other amounts payable | 178/9 | €408,097 | €498,888 | +€90,790 | +22.2% |
| Amounts payable within one year | 42/48 | €190,215 | €213,292 | +€23,076 | +12.1% |
| Current portion of amounts payable after more than one year | 42 | €176,299 | €180,664 | +€4,365 | +2.5% |
| Financial debts | 43 | €68 | €41 | -€27 | -39.7% |
| Credit institutions | 430/8 | €68 | €41 | -€27 | -39.7% |
| Trade debts | 44 | €4,032 | €1,987 | -€2,045 | -50.7% |
| Suppliers | 440/4 | €4,032 | €1,987 | -€2,045 | -50.7% |
| Taxes, remuneration and social security | 45 | €6 | €10,759 | +€10,753 | +172049.6% |
| Taxes | 450/3 | €6 | €10,759 | +€10,753 | +172049.6% |
| Other amounts payable | 47/48 | €9,810 | €19,840 | +€10,030 | +102.2% |
| Accrued charges and deferred income | 492/3 | €40,139 | €91,428 | +€51,289 | +127.8% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €87,481 | €104,262 | +€16,781 | +19.2% |
| Other operating charges | 640/8 | €15,968 | €8,320 | -€7,648 | -47.9% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €114,688 | €165,423 | +€50,736 | +44.2% |
| Operating profit (loss) | 9901 | €11,239 | €52,842 | +€41,603 | +370.2% |
| Financial income | 75/76B | €1 | €0 | -€1 | -98.8% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -98.8% |
| Financial charges | 65/66B | €57,797 | €73,080 | +€15,283 | +26.4% |
| Recurring financial charges | 65 | €57,797 | €73,080 | +€15,283 | +26.4% |
| Profit (loss) for the period before taxes | 9903 | -€46,557 | -€20,238 | +€26,320 | +56.5% |
| Income taxes | 67/77 | €1,756 | €0 | -€1,756 | -100.0% |
| Profit (loss) for the period | 9904 | -€48,314 | -€20,238 | +€28,076 | +58.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€48,314 | -€20,238 | +€28,076 | +58.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.