URBAN SPACE: 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.
URBAN SPACE
Largest movements
- Deferred charges and accrued income +€13,143
up €13,143 (+2,869%), from €458 to €13,601
- Tangible fixed assets -€10,256
down €10,256 (-32.1%), from €31,962 to €21,706
of which Furniture and vehicles: -€5,750
- Receivables within one year -€9,273
down €9,273 (-22.5%), from €41,268 to €31,995
of which Trade receivables: -€8,764
- Stocks and contracts -€5,432
down €5,432 (-7.7%), from €70,180 to €64,748
- Tax, wage and social debts +€17,776
up €17,776 (+25.0%), from €71,221 to €88,997
of which Taxes: +€17,410
- Trade debts -€12,479
down €12,479 (-81.6%), from €15,293 to €2,814
- Advances received -€6,415
no longer reported in 2024 (was €6,415)
- Debts after one year -€5,569
down €5,569 (-45.9%), from €12,135 to €6,566
- Profit (loss) carried forward -€4,039
down €4,039 (-10.6%), from €37,931 to €33,891
- Financial income +€9,979
up €9,979 (+4,595%), from €217 to €10,196
of which Non-recurring financial income: +€10,101
- Gross operating margin +€7,996
up €7,996 (+21.2%), from €37,643 to €45,639
- Other operating charges +€7,741
up €7,741 (+748%), from €1,035 to €8,776
- Financial charges +€1,524
up €1,524 (+54.5%), from €2,797 to €4,321
- Staff costs +€1,297
up €1,297 (+3.7%), from €34,952 to €36,249
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €168,511 | €157,856 | -€10,654 | -6.3% |
| Fixed assets | 21/28 | €31,962 | €21,706 | -€10,256 | -32.1% |
| Tangible fixed assets | 22/27 | €31,962 | €21,706 | -€10,256 | -32.1% |
| Plant, machinery and equipment | 23 | €15,402 | €10,896 | -€4,506 | -29.3% |
| Furniture and vehicles | 24 | €16,560 | €10,810 | -€5,750 | -34.7% |
| Current assets | 29/58 | €136,549 | €136,150 | -€399 | -0.3% |
| Amounts receivable after more than one year | 29 | €12,300 | €12,300 | = | 0.0% |
| Other amounts receivable | 291 | €12,300 | €12,300 | = | 0.0% |
| Stocks and contracts in progress | 3 | €70,180 | €64,748 | -€5,432 | -7.7% |
| Stocks | 30/36 | €70,180 | €64,748 | -€5,432 | -7.7% |
| Amounts receivable within one year | 40/41 | €41,268 | €31,995 | -€9,273 | -22.5% |
| Trade receivables | 40 | €40,759 | €31,995 | -€8,764 | -21.5% |
| Other amounts receivable | 41 | €509 | - | -€509 | |
| Cash at bank and in hand | 54/58 | €12,343 | €13,506 | +€1,163 | +9.4% |
| Deferred charges and accrued income | 490/1 | €458 | €13,601 | +€13,143 | +2,869% |
| Total equity and liabilities | 10/49 | €168,511 | €157,856 | -€10,654 | -6.3% |
| Equity | 10/15 | €57,931 | €53,891 | -€4,039 | -7.0% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €37,931 | €33,891 | -€4,039 | -10.6% |
| Amounts payable | 17/49 | €110,580 | €103,965 | -€6,615 | -6.0% |
| Amounts payable after more than one year | 17 | €12,135 | €6,566 | -€5,569 | -45.9% |
| Financial debts | 170/4 | €12,135 | €6,566 | -€5,569 | -45.9% |
| Amounts payable within one year | 42/48 | €98,445 | €97,399 | -€1,046 | -1.1% |
| Current portion of amounts payable after more than one year | 42 | €5,516 | €5,569 | +€54 | +1.0% |
| Trade debts | 44 | €15,293 | €2,814 | -€12,479 | -81.6% |
| Suppliers | 440/4 | €15,293 | €2,814 | -€12,479 | -81.6% |
| Advances received on contracts in progress | 46 | €6,415 | - | -€6,415 | |
| Taxes, remuneration and social security | 45 | €71,221 | €88,997 | +€17,776 | +25.0% |
| Taxes | 450/3 | €62,912 | €80,321 | +€17,410 | +27.7% |
| Remuneration and social security | 454/9 | €8,309 | €8,676 | +€367 | +4.4% |
| Other amounts payable | 47/48 | - | €18 | +€18 | |
| Remuneration, social security and pensions | 62 | €34,952 | €36,249 | +€1,297 | +3.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,326 | €10,256 | -€1,071 | -9.5% |
| Other operating charges | 640/8 | €1,035 | €8,776 | +€7,741 | +748% |
| Gross operating margin | 9900 | €37,643 | €45,639 | +€7,996 | +21.2% |
| Operating profit (loss) | 9901 | -€9,670 | -€9,643 | +€28 | +0.3% |
| Financial income | 75/76B | €217 | €10,196 | +€9,979 | +4,595% |
| Recurring financial income | 75 | €217 | €94 | -€123 | -56.5% |
| Non-recurring financial income | 76B | - | €10,101 | +€10,101 | |
| Financial charges | 65/66B | €2,797 | €4,321 | +€1,524 | +54.5% |
| Recurring financial charges | 65 | €2,797 | €4,321 | +€1,524 | +54.5% |
| Profit (loss) for the period before taxes | 9903 | -€12,250 | -€3,768 | +€8,482 | +69.2% |
| Income taxes | 67/77 | €274 | €271 | -€3 | -1.2% |
| Profit (loss) for the period | 9904 | -€12,525 | -€4,039 | +€8,485 | +67.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€12,525 | -€4,039 | +€8,485 | +67.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.