IMMO-SPHERE: what changed
Two fiscal 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.
IMMO-SPHERE
Largest movements
- Stocks and contracts -€3.1m
down €3.1m (-49.1%), from €6.3m to €3.2m
- Receivables within one year -€293,147
down €293,147 (-89.3%), from €328,232 to €35,085
- Cash -€100,420
down €100,420 (-20.6%), from €488,432 to €388,011
mainly Current portion of long-term debt (-€2.3m) and Net result for the year (-€675,098)
- Current portion of long-term debt -€2.3m
down €2.3m (-46.2%), from €5.0m to €2.7m
- Profit (loss) carried forward -€675,098
down €675,098 (-164.7%), from -€410,020 to -€1.1m
- Other debts -€622,447
down €622,447 (-27.6%), from €2.3m to €1.6m
- Debts after one year +€132,155
up €132,155 (+52.7%), from €250,779 to €382,934
- Gross operating margin -€881,096
down €881,096, from €549,865 to -€331,231
- Financial charges -€202,993
down €202,993 (-47.0%), from €431,679 to €228,686
- Financial income +€14,874
new in 2025: €14,874
of which Financial income: +€11,750
- Staff costs +€6,337
up €6,337 (+5.5%), from €115,606 to €121,943
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 | €7,557,638 | €4,015,007 | -€3.5m | -46.9% |
| Fixed assets | 21/28 | €22,736 | €15,978 | -€6,757 | -29.7% |
| Intangible fixed assets | 21 | €1,194 | €764 | -€430 | -36.0% |
| Tangible fixed assets | 22/27 | €13,231 | €7,014 | -€6,217 | -47.0% |
| Plant, machinery and equipment | 23 | €1,185 | €747 | -€438 | -37.0% |
| Furniture and vehicles | 24 | €12,046 | €6,267 | -€5,779 | -48.0% |
| Financial fixed assets | 28 | €8,310 | €8,200 | -€110 | -1.3% |
| Current assets | 29/58 | €7,534,902 | €3,999,029 | -€3.5m | -46.9% |
| Amounts receivable after more than one year | 29 | €386,174 | €386,174 | = | 0.0% |
| Other amounts receivable | 291 | €386,174 | €386,174 | = | 0.0% |
| Stocks and contracts in progress | 3 | €6,255,366 | €3,186,132 | -€3.1m | -49.1% |
| Stocks | 30/36 | €6,255,366 | €3,186,132 | -€3.1m | -49.1% |
| Amounts receivable within one year | 40/41 | €328,232 | €35,085 | -€293,147 | -89.3% |
| Trade receivables | 40 | €328,232 | €35,085 | -€293,147 | -89.3% |
| Cash at bank and in hand | 54/58 | €488,432 | €388,011 | -€100,420 | -20.6% |
| Deferred charges and accrued income | 490/1 | €76,699 | €3,627 | -€73,072 | -95.3% |
| Total equity and liabilities | 10/49 | €7,557,638 | €4,015,007 | -€3.5m | -46.9% |
| Equity | 10/15 | -€382,520 | -€1,057,618 | -€675,098 | -176.5% |
| Contributions | 10/11 | €27,500 | €27,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€410,020 | -€1,085,118 | -€675,098 | -164.7% |
| Amounts payable | 17/49 | €7,940,158 | €5,072,625 | -€2.9m | -36.1% |
| Amounts payable after more than one year | 17 | €250,779 | €382,934 | +€132,155 | +52.7% |
| Financial debts | 170/4 | €250,779 | €382,934 | +€132,155 | +52.7% |
| Amounts payable within one year | 42/48 | €7,688,777 | €4,689,604 | -€3.0m | -39.0% |
| Current portion of amounts payable after more than one year | 42 | €5,023,977 | €2,700,849 | -€2.3m | -46.2% |
| Trade debts | 44 | €177,619 | €176,230 | -€1,389 | -0.8% |
| Suppliers | 440/4 | €177,619 | €176,230 | -€1,389 | -0.8% |
| Taxes, remuneration and social security | 45 | €229,656 | €177,447 | -€52,210 | -22.7% |
| Taxes | 450/3 | €215,962 | €160,101 | -€55,861 | -25.9% |
| Remuneration and social security | 454/9 | €13,695 | €17,346 | +€3,651 | +26.7% |
| Other amounts payable | 47/48 | €2,257,525 | €1,635,078 | -€622,447 | -27.6% |
| Accrued charges and deferred income | 492/3 | €602 | €87 | -€514 | -85.5% |
| Remuneration, social security and pensions | 62 | €115,606 | €121,943 | +€6,337 | +5.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,184 | €6,647 | -€537 | -7.5% |
| Other operating charges | 640/8 | €1,615 | €1,129 | -€486 | -30.1% |
| Gross operating margin | 9900 | €549,865 | -€331,231 | -€881,096 | |
| Operating profit (loss) | 9901 | €425,460 | -€460,950 | -€886,410 | |
| Financial income | 75/76B | - | €14,874 | +€14,874 | |
| Recurring financial income | 75 | - | €11,750 | +€11,750 | |
| Non-recurring financial income | 76B | - | €3,124 | +€3,124 | |
| Financial charges | 65/66B | €431,679 | €228,686 | -€202,993 | -47.0% |
| Recurring financial charges | 65 | €431,679 | €228,686 | -€202,993 | -47.0% |
| Profit (loss) for the period before taxes | 9903 | -€6,219 | -€674,762 | -€668,543 | -10750.8% |
| Income taxes | 67/77 | €353 | €337 | -€16 | -4.6% |
| Profit (loss) for the period | 9904 | -€6,572 | -€675,098 | -€668,527 | -10173.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,572 | -€675,098 | -€668,527 | -10173.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.