SPAZIO: 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.
SPAZIO
Largest movements
- Receivables within one year -€14,419
down €14,419 (-18.7%), from €77,271 to €62,852
- Cash +€856
up €856 (+584%), from €147 to €1,003
mainly Receivables within one year (+€14,419)
- Other debts -€11,133
no longer reported in 2025 (was €11,133)
- Profit (loss) carried forward -€1,878
down €1,878 (-4.5%), from €41,647 to €39,769
- Taxes -€803
no longer reported in 2025 (was €803)
- Gross operating margin +€159
up €159 (+10.0%), from -€1,582 to -€1,424
- Financial charges -€27
down €27 (-32.5%), from €82 to €55
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.
Derived cash bridge
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 | €77,937 | €64,569 | -€13,368 | -17.2% |
| Current assets | 29/58 | €77,937 | €64,569 | -€13,368 | -17.2% |
| Amounts receivable within one year | 40/41 | €77,271 | €62,852 | -€14,419 | -18.7% |
| Other amounts receivable | 41 | €77,271 | €62,852 | -€14,419 | -18.7% |
| Cash at bank and in hand | 54/58 | €147 | €1,003 | +€856 | +584% |
| Deferred charges and accrued income | 490/1 | €519 | €714 | +€194 | +37.4% |
| Total equity and liabilities | 10/49 | €77,937 | €64,569 | -€13,368 | -17.2% |
| Equity | 10/15 | €66,447 | €64,569 | -€1,878 | -2.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €41,647 | €39,769 | -€1,878 | -4.5% |
| Amounts payable | 17/49 | €11,490 | - | -€11,490 | |
| Amounts payable within one year | 42/48 | €11,490 | - | -€11,490 | |
| Trade debts | 44 | €357 | - | -€357 | |
| Suppliers | 440/4 | €357 | - | -€357 | |
| Other amounts payable | 47/48 | €11,133 | - | -€11,133 | |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | -€1,582 | -€1,424 | +€159 | +10.0% |
| Operating profit (loss) | 9901 | -€1,970 | -€1,823 | +€146 | +7.4% |
| Financial charges | 65/66B | €82 | €55 | -€27 | -32.5% |
| Recurring financial charges | 65 | €82 | €55 | -€27 | -32.5% |
| Profit (loss) for the period before taxes | 9903 | -€2,051 | -€1,878 | +€173 | +8.4% |
| Income taxes | 67/77 | €803 | - | -€803 | |
| Profit (loss) for the period | 9904 | -€2,854 | -€1,878 | +€976 | +34.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,854 | -€1,878 | +€976 | +34.2% |
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 17 October 2026 via checked.be.