GIIC 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.
GIIC SPHERE
Largest movements
- Tangible fixed assets -€50,271
down €50,271 (-8.3%), from €602,177 to €551,906
of which Land and buildings: -€44,619
- Other debts -€30,923
down €30,923 (-42.8%), from €72,299 to €41,375
- Debts after one year -€24,387
down €24,387 (-6.9%), from €354,616 to €330,229
- Tax, wage and social debts -€17,380
down €17,380 (-19.9%), from €87,480 to €70,100
of which Taxes: -€17,380
- Profit (loss) carried forward +€10,725
up €10,725 (+14.8%), from €72,619 to €83,344
- Trade debts +€7,901
up €7,901 (+318.1%), from €2,484 to €10,385
- Gross operating margin +€21,497
up €21,497 (+28.4%), from €75,592 to €97,089
- Taxes -€2,686
down €2,686 (-9.7%), from €27,622 to €24,936
- Depreciation -€2,176
down €2,176 (-4.1%), from €52,447 to €50,271
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 | €627,634 | €573,938 | -€53,696 | -8.6% |
| Fixed assets | 21/28 | €602,527 | €552,256 | -€50,271 | -8.3% |
| Tangible fixed assets | 22/27 | €602,177 | €551,906 | -€50,271 | -8.3% |
| Land and buildings | 22 | €563,899 | €519,280 | -€44,619 | -7.9% |
| Plant, machinery and equipment | 23 | €38,278 | €32,627 | -€5,651 | -14.8% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Financial fixed assets | 28 | €350 | €350 | = | 0.0% |
| Current assets | 29/58 | €25,107 | €21,681 | -€3,425 | -13.6% |
| Amounts receivable within one year | 40/41 | €14,805 | €13,842 | -€963 | -6.5% |
| Trade receivables | 40 | €13,032 | €13,842 | +€811 | +6.2% |
| Other amounts receivable | 41 | €1,773 | - | -€1,773 | |
| Cash at bank and in hand | 54/58 | €7,527 | €4,276 | -€3,251 | -43.2% |
| Deferred charges and accrued income | 490/1 | €2,775 | €3,563 | +€789 | +28.4% |
| Total equity and liabilities | 10/49 | €627,634 | €573,938 | -€53,696 | -8.6% |
| Equity | 10/15 | €86,879 | €97,604 | +€10,725 | +12.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Capital | 10 | €12,400 | €12,400 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €72,619 | €83,344 | +€10,725 | +14.8% |
| Amounts payable | 17/49 | €540,755 | €476,334 | -€64,421 | -11.9% |
| Amounts payable after more than one year | 17 | €354,616 | €330,229 | -€24,387 | -6.9% |
| Financial debts | 170/4 | €354,616 | €330,229 | -€24,387 | -6.9% |
| Amounts payable within one year | 42/48 | €186,139 | €146,104 | -€40,034 | -21.5% |
| Current portion of amounts payable after more than one year | 42 | €23,876 | €24,244 | +€368 | +1.5% |
| Trade debts | 44 | €2,484 | €10,385 | +€7,901 | +318.1% |
| Suppliers | 440/4 | €2,484 | €10,385 | +€7,901 | +318.1% |
| Taxes, remuneration and social security | 45 | €87,480 | €70,100 | -€17,380 | -19.9% |
| Taxes | 450/3 | €87,480 | €70,100 | -€17,380 | -19.9% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €72,299 | €41,375 | -€30,923 | -42.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €52,447 | €50,271 | -€2,176 | -4.1% |
| Other operating charges | 640/8 | €2,786 | €2,870 | +€84 | +3.0% |
| Gross operating margin | 9900 | €75,592 | €97,089 | +€21,497 | +28.4% |
| Operating profit (loss) | 9901 | €20,359 | €43,949 | +€23,589 | +115.9% |
| Financial income | 75/76B | €18 | - | -€18 | |
| Recurring financial income | 75 | €18 | - | -€18 | |
| Financial charges | 65/66B | €8,420 | €8,288 | -€133 | -1.6% |
| Recurring financial charges | 65 | €8,420 | €8,288 | -€133 | -1.6% |
| Profit (loss) for the period before taxes | 9903 | €11,957 | €35,661 | +€23,704 | +198.2% |
| Income taxes | 67/77 | €27,622 | €24,936 | -€2,686 | -9.7% |
| Profit (loss) for the period | 9904 | -€15,665 | €10,725 | +€26,390 | |
| Profit (loss) for the period to be appropriated | 9905 | -€15,665 | €10,725 | +€26,390 |
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.