Spacefwd: 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.
Spacefwd
Largest movements
- Cash -€145,131
down €145,131 (-75.7%), from €191,750 to €46,619
mainly Trade debts (-€93,932) and Receivables within one year (-€57,931)
- Receivables within one year +€57,931
up €57,931 (+20.4%), from €283,614 to €341,545
of which Trade receivables: +€50,587
- Trade debts -€93,932
down €93,932 (-35.1%), from €267,233 to €173,301
- Debts after one year -€35,054
down €35,054 (-34.0%), from €103,048 to €67,994
- Tax, wage and social debts +€29,305
up €29,305 (+6,210%), from €472 to €29,777
- Other debts +€10,068
up €10,068 (+709%), from €1,420 to €11,488
- Gross operating margin +€7,724
up €7,724 (+98.2%), from €7,861 to €15,585
- Financial charges +€3,122
up €3,122 (+91.5%), from €3,410 to €6,532
- Taxes +€2,281
up €2,281 (+483%), from €472 to €2,753
- Financial income +€1,492
up €1,492 (+16,741%), from €9 to €1,501
- Depreciation +€669
up €669 (+24.5%), from €2,726 to €3,395
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 | €480,204 | €390,846 | -€89,357 | -18.6% |
| Fixed assets | 21/28 | €4,666 | €2,682 | -€1,984 | -42.5% |
| Tangible fixed assets | 22/27 | €4,666 | €2,682 | -€1,984 | -42.5% |
| Furniture and vehicles | 24 | €4,666 | €2,682 | -€1,984 | -42.5% |
| Current assets | 29/58 | €475,538 | €388,165 | -€87,373 | -18.4% |
| Amounts receivable within one year | 40/41 | €283,614 | €341,545 | +€57,931 | +20.4% |
| Trade receivables | 40 | €210,429 | €261,016 | +€50,587 | +24.0% |
| Other amounts receivable | 41 | €73,185 | €80,530 | +€7,344 | +10.0% |
| Cash at bank and in hand | 54/58 | €191,750 | €46,619 | -€145,131 | -75.7% |
| Deferred charges and accrued income | 490/1 | €173 | - | -€173 | |
| Total equity and liabilities | 10/49 | €480,204 | €390,846 | -€89,357 | -18.6% |
| Equity | 10/15 | €53,026 | €57,040 | +€4,014 | +7.6% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €52,026 | €56,040 | +€4,014 | +7.7% |
| Amounts payable | 17/49 | €427,178 | €333,807 | -€93,372 | -21.9% |
| Amounts payable after more than one year | 17 | €103,048 | €67,994 | -€35,054 | -34.0% |
| Financial debts | 170/4 | €103,048 | €67,994 | -€35,054 | -34.0% |
| Amounts payable within one year | 42/48 | €303,684 | €249,620 | -€54,064 | -17.8% |
| Current portion of amounts payable after more than one year | 42 | €34,559 | €35,054 | +€495 | +1.4% |
| Trade debts | 44 | €267,233 | €173,301 | -€93,932 | -35.1% |
| Suppliers | 440/4 | €267,233 | €173,301 | -€93,932 | -35.1% |
| Taxes, remuneration and social security | 45 | €472 | €29,777 | +€29,305 | +6,210% |
| Taxes | 450/3 | €472 | €29,777 | +€29,305 | +6,210% |
| Other amounts payable | 47/48 | €1,420 | €11,488 | +€10,068 | +709% |
| Accrued charges and deferred income | 492/3 | €20,446 | €16,193 | -€4,253 | -20.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,726 | €3,395 | +€669 | +24.5% |
| Other operating charges | 640/8 | €567 | €391 | -€176 | -31.0% |
| Gross operating margin | 9900 | €7,861 | €15,585 | +€7,724 | +98.2% |
| Operating profit (loss) | 9901 | €4,569 | €11,799 | +€7,230 | +158% |
| Financial income | 75/76B | €9 | €1,501 | +€1,492 | +16,741% |
| Recurring financial income | 75 | €9 | €1,501 | +€1,492 | +16,741% |
| Financial charges | 65/66B | €3,410 | €6,532 | +€3,122 | +91.5% |
| Recurring financial charges | 65 | €3,410 | €6,532 | +€3,122 | +91.5% |
| Profit (loss) for the period before taxes | 9903 | €1,167 | €6,767 | +€5,600 | +480% |
| Income taxes | 67/77 | €472 | €2,753 | +€2,281 | +483% |
| Profit (loss) for the period | 9904 | €695 | €4,014 | +€3,319 | +477% |
| Profit (loss) for the period to be appropriated | 9905 | €695 | €4,014 | +€3,319 | +477% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.