GM 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.
GM SPHERE
Largest movements
- Tangible fixed assets -€259,937
down €259,937 (-36.0%), from €721,659 to €461,722
of which Land and buildings: -€251,151
- Cash +€110,683
up €110,683 (+331%), from €33,410 to €144,093
mainly Investment in fixed assets (net) (+€202,488) and Depreciation (+€57,472)
- Deferred charges and accrued income +€11,036
up €11,036 (+745%), from €1,482 to €12,518
- Debts after one year -€118,165
down €118,165 (-20.8%), from €567,014 to €448,849
- Other debts -€30,640
down €30,640 (-79.1%), from €38,718 to €8,078
- Tax, wage and social debts +€19,275
up €19,275 (+156%), from €12,369 to €31,645
- Depreciation -€25,113
down €25,113 (-30.4%), from €82,586 to €57,472
- Gross operating margin -€23,612
down €23,612 (-16.7%), from €141,156 to €117,544
- Other operating charges +€17,672
up €17,672 (+374%), from €4,725 to €22,396
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 | €761,132 | €624,784 | -€136,348 | -17.9% |
| Formation expenses | 20 | €23 | - | -€23 | |
| Fixed assets | 21/28 | €721,659 | €461,722 | -€259,937 | -36.0% |
| Tangible fixed assets | 22/27 | €721,659 | €461,722 | -€259,937 | -36.0% |
| Land and buildings | 22 | €695,483 | €444,331 | -€251,151 | -36.1% |
| Plant, machinery and equipment | 23 | €5,737 | €3,037 | -€2,701 | -47.1% |
| Furniture and vehicles | 24 | €20,439 | €14,354 | -€6,085 | -29.8% |
| Current assets | 29/58 | €39,450 | €163,062 | +€123,612 | +313% |
| Stocks and contracts in progress | 3 | €315 | - | -€315 | |
| Stocks | 30/36 | €315 | - | -€315 | |
| Amounts receivable within one year | 40/41 | €4,243 | €6,451 | +€2,208 | +52.0% |
| Trade receivables | 40 | €3,243 | €5,000 | +€1,757 | +54.2% |
| Other amounts receivable | 41 | €1,000 | €1,451 | +€451 | +45.1% |
| Cash at bank and in hand | 54/58 | €33,410 | €144,093 | +€110,683 | +331% |
| Deferred charges and accrued income | 490/1 | €1,482 | €12,518 | +€11,036 | +745% |
| Total equity and liabilities | 10/49 | €761,132 | €624,784 | -€136,348 | -17.9% |
| Equity | 10/15 | €95,460 | €95,460 | = | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €76,860 | €76,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €75,000 | €75,000 | = | 0.0% |
| Amounts payable | 17/49 | €665,672 | €529,324 | -€136,348 | -20.5% |
| Amounts payable after more than one year | 17 | €567,014 | €448,849 | -€118,165 | -20.8% |
| Financial debts | 170/4 | €567,014 | €448,849 | -€118,165 | -20.8% |
| Amounts payable within one year | 42/48 | €98,658 | €80,475 | -€18,183 | -18.4% |
| Current portion of amounts payable after more than one year | 42 | €46,685 | €39,675 | -€7,010 | -15.0% |
| Trade debts | 44 | €886 | €1,078 | +€192 | +21.7% |
| Suppliers | 440/4 | €886 | €1,078 | +€192 | +21.7% |
| Taxes, remuneration and social security | 45 | €12,369 | €31,645 | +€19,275 | +156% |
| Taxes | 450/3 | €12,369 | €31,645 | +€19,275 | +156% |
| Other amounts payable | 47/48 | €38,718 | €8,078 | -€30,640 | -79.1% |
| Non-recurring operating income | 76A | - | €8,808 | +€8,808 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €82,586 | €57,472 | -€25,113 | -30.4% |
| Other operating charges | 640/8 | €4,725 | €22,396 | +€17,672 | +374% |
| Gross operating margin | 9900 | €141,156 | €117,544 | -€23,612 | -16.7% |
| Operating profit (loss) | 9901 | €53,846 | €37,675 | -€16,171 | -30.0% |
| Financial income | 75/76B | €198 | €470 | +€272 | +138% |
| Recurring financial income | 75 | €198 | €470 | +€272 | +138% |
| Financial charges | 65/66B | €25,624 | €24,728 | -€897 | -3.5% |
| Recurring financial charges | 65 | €25,624 | €24,728 | -€897 | -3.5% |
| Profit (loss) for the period before taxes | 9903 | €28,420 | €13,418 | -€15,002 | -52.8% |
| Income taxes | 67/77 | €6,021 | €5,340 | -€681 | -11.3% |
| Profit (loss) for the period | 9904 | €22,398 | €8,078 | -€14,320 | -63.9% |
| Profit (loss) for the period to be appropriated | 9905 | €22,398 | €8,078 | -€14,320 | -63.9% |
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.