AREA SPHERE: 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.
AREA SPHERE
Largest movements
- Tangible fixed assets -€159,782
down €159,782 (-10.3%), from €1.5m to €1.4m
of which Plant, machinery and equipment: -€88,963
- Receivables within one year +€28,958
up €28,958 (+47.1%), from €61,428 to €90,386
of which Trade receivables: +€30,862
- Trade debts -€105,862
down €105,862 (-41.9%), from €252,702 to €146,840
- Debts after one year -€59,957
down €59,957 (-5.8%), from €1.0m to €966,401
of which Financial debts: -€349,304
- Other debts +€25,510
up €25,510 (+16.8%), from €151,669 to €177,179
- Staff costs -€257,900
down €257,900 (-97.4%), from €264,825 to €6,925
- Gross operating margin -€225,869
down €225,869 (-50.6%), from €446,223 to €220,355
- Depreciation -€30,687
down €30,687 (-24.1%), from €127,110 to €96,423
- Financial income +€24,875
up €24,875 (+218780.2%), from €11 to €24,887
of which Non-recurring financial income: +€24,375
- Financial charges +€23,973
up €23,973 (+77.4%), from €30,964 to €54,937
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 | €1,671,342 | €1,527,406 | -€143,937 | -8.6% |
| Fixed assets | 21/28 | €1,557,094 | €1,397,112 | -€159,982 | -10.3% |
| Tangible fixed assets | 22/27 | €1,547,430 | €1,387,648 | -€159,782 | -10.3% |
| Land and buildings | 22 | €1,109,479 | €1,071,299 | -€38,180 | -3.4% |
| Plant, machinery and equipment | 23 | €381,834 | €292,871 | -€88,963 | -23.3% |
| Furniture and vehicles | 24 | €56,117 | €23,478 | -€32,639 | -58.2% |
| Financial fixed assets | 28 | €9,664 | €9,464 | -€200 | -2.1% |
| Current assets | 29/58 | €114,249 | €130,293 | +€16,045 | +14.0% |
| Stocks and contracts in progress | 3 | €10,236 | - | -€10,236 | |
| Stocks | 30/36 | €10,236 | - | -€10,236 | |
| Amounts receivable within one year | 40/41 | €61,428 | €90,386 | +€28,958 | +47.1% |
| Trade receivables | 40 | €59,524 | €90,386 | +€30,862 | +51.8% |
| Other amounts receivable | 41 | €1,904 | - | -€1,904 | |
| Cash at bank and in hand | 54/58 | €36,651 | €38,509 | +€1,858 | +5.1% |
| Deferred charges and accrued income | 490/1 | €5,934 | €1,399 | -€4,535 | -76.4% |
| Total equity and liabilities | 10/49 | €1,671,342 | €1,527,406 | -€143,937 | -8.6% |
| Equity | 10/15 | €152,821 | €141,881 | -€10,940 | -7.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €155,860 | €155,860 | = | 0.0% |
| Distributable reserves | 133 | €155,860 | €155,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€21,639 | -€32,579 | -€10,940 | -50.6% |
| Amounts payable | 17/49 | €1,518,522 | €1,385,525 | -€132,997 | -8.8% |
| Amounts payable after more than one year | 17 | €1,026,357 | €966,401 | -€59,957 | -5.8% |
| Financial debts | 170/4 | €1,026,357 | €677,053 | -€349,304 | -34.0% |
| Other amounts payable | 178/9 | - | €289,347 | +€289,347 | |
| Amounts payable within one year | 42/48 | €492,164 | €411,150 | -€81,014 | -16.5% |
| Current portion of amounts payable after more than one year | 42 | €74,621 | €62,822 | -€11,798 | -15.8% |
| Financial debts | 43 | - | €2,701 | +€2,701 | |
| Credit institutions | 430/8 | - | €2,701 | +€2,701 | |
| Trade debts | 44 | €252,702 | €146,840 | -€105,862 | -41.9% |
| Suppliers | 440/4 | €252,702 | €146,840 | -€105,862 | -41.9% |
| Taxes, remuneration and social security | 45 | €13,173 | €21,608 | +€8,435 | +64.0% |
| Taxes | 450/3 | €3,440 | €21,606 | +€18,166 | +528.1% |
| Remuneration and social security | 454/9 | €9,733 | €3 | -€9,730 | -100.0% |
| Other amounts payable | 47/48 | €151,669 | €177,179 | +€25,510 | +16.8% |
| Accrued charges and deferred income | 492/3 | - | €7,974 | +€7,974 | |
| Non-recurring operating income | 76A | €1,858 | - | -€1,858 | |
| Remuneration, social security and pensions | 62 | €264,825 | €6,925 | -€257,900 | -97.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €127,110 | €96,423 | -€30,687 | -24.1% |
| Other operating charges | 640/8 | €20,179 | €39,774 | +€19,596 | +97.1% |
| Non-recurring operating charges | 66A | €1,004 | €57,981 | +€56,976 | +5674.4% |
| Gross operating margin | 9900 | €446,223 | €220,355 | -€225,869 | -50.6% |
| Operating profit (loss) | 9901 | €33,106 | €19,252 | -€13,854 | -41.8% |
| Financial income | 75/76B | €11 | €24,887 | +€24,875 | +218780.2% |
| Recurring financial income | 75 | €11 | €512 | +€500 | +4401.5% |
| Non-recurring financial income | 76B | - | €24,375 | +€24,375 | |
| Financial charges | 65/66B | €30,964 | €54,937 | +€23,973 | +77.4% |
| Recurring financial charges | 65 | €30,964 | €54,937 | +€23,973 | +77.4% |
| Profit (loss) for the period before taxes | 9903 | €2,154 | -€10,799 | -€12,952 | |
| Income taxes | 67/77 | €140 | €141 | +€1 | +1.0% |
| Profit (loss) for the period | 9904 | €2,014 | -€10,940 | -€12,954 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,014 | -€10,940 | -€12,954 |
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 12 October 2026 via checked.be.