IT 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.
IT SPHERE
Largest movements
- Cash +€25,432
up €25,432 (+7.0%), from €364,575 to €390,007
mainly Net result for the year (+€43,565) and Depreciation (+€23,457)
- Tangible fixed assets -€23,457
down €23,457 (-26.3%), from €89,285 to €65,828
- Receivables within one year +€21,435
up €21,435 (+125%), from €17,144 to €38,579
of which Trade receivables: +€14,330
- Reserves +€39,605
up €39,605 (+25.4%), from €155,893 to €195,497
of which Distributable reserves: +€39,605
- Tax, wage and social debts -€11,777
down €11,777 (-81.5%), from €14,446 to €2,669
- Debts after one year -€5,427
down €5,427 (-34.2%), from €15,847 to €10,421
- Gross operating margin +€4,109
up €4,109 (+5.2%), from €79,694 to €83,802
- Other operating charges +€2,232
up €2,232 (+175%), from €1,274 to €3,506
- Depreciation -€1,101
down €1,101 (-4.5%), from €24,558 to €23,457
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 | €471,310 | €494,735 | +€23,425 | +5.0% |
| Fixed assets | 21/28 | €89,285 | €65,828 | -€23,457 | -26.3% |
| Tangible fixed assets | 22/27 | €89,285 | €65,828 | -€23,457 | -26.3% |
| Land and buildings | 22 | €45,258 | €34,416 | -€10,842 | -24.0% |
| Plant, machinery and equipment | 23 | €6,826 | €5,974 | -€852 | -12.5% |
| Furniture and vehicles | 24 | €2,210 | €1,181 | -€1,029 | -46.5% |
| Other tangible fixed assets | 26 | €132 | €132 | = | 0.0% |
| Assets under construction and advance payments | 27 | €34,859 | €24,125 | -€10,734 | -30.8% |
| Current assets | 29/58 | €382,024 | €428,907 | +€46,882 | +12.3% |
| Amounts receivable within one year | 40/41 | €17,144 | €38,579 | +€21,435 | +125% |
| Trade receivables | 40 | €14,345 | €28,675 | +€14,330 | +99.9% |
| Other amounts receivable | 41 | €2,799 | €9,904 | +€7,105 | +254% |
| Cash at bank and in hand | 54/58 | €364,575 | €390,007 | +€25,432 | +7.0% |
| Deferred charges and accrued income | 490/1 | €306 | €321 | +€15 | +4.9% |
| Total equity and liabilities | 10/49 | €471,310 | €494,735 | +€23,425 | +5.0% |
| Equity | 10/15 | €407,840 | €447,445 | +€39,605 | +9.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €155,893 | €195,497 | +€39,605 | +25.4% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €153,893 | €193,497 | +€39,605 | +25.7% |
| Profit (loss) carried forward | 14 | €245,747 | €245,747 | = | 0.0% |
| Amounts payable | 17/49 | €63,470 | €47,290 | -€16,180 | -25.5% |
| Amounts payable after more than one year | 17 | €15,847 | €10,421 | -€5,427 | -34.2% |
| Financial debts | 170/4 | €15,847 | €10,421 | -€5,427 | -34.2% |
| Amounts payable within one year | 42/48 | €47,622 | €36,869 | -€10,753 | -22.6% |
| Current portion of amounts payable after more than one year | 42 | €5,484 | €5,472 | -€12 | -0.2% |
| Trade debts | 44 | €1,066 | €1,209 | +€143 | +13.4% |
| Suppliers | 440/4 | €1,066 | €1,209 | +€143 | +13.4% |
| Taxes, remuneration and social security | 45 | €14,446 | €2,669 | -€11,777 | -81.5% |
| Taxes | 450/3 | €14,446 | €2,669 | -€11,777 | -81.5% |
| Other amounts payable | 47/48 | €26,626 | €27,518 | +€893 | +3.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,558 | €23,457 | -€1,101 | -4.5% |
| Other operating charges | 640/8 | €1,274 | €3,506 | +€2,232 | +175% |
| Gross operating margin | 9900 | €79,694 | €83,802 | +€4,109 | +5.2% |
| Operating profit (loss) | 9901 | €53,862 | €56,840 | +€2,978 | +5.5% |
| Financial income | 75/76B | €3 | €2 | -€1 | -33.3% |
| Recurring financial income | 75 | €3 | €2 | -€1 | -33.3% |
| Financial charges | 65/66B | €1,117 | €784 | -€334 | -29.9% |
| Recurring financial charges | 65 | €1,117 | €784 | -€334 | -29.9% |
| Profit (loss) for the period before taxes | 9903 | €52,748 | €56,058 | +€3,310 | +6.3% |
| Income taxes | 67/77 | €12,119 | €12,493 | +€374 | +3.1% |
| Profit (loss) for the period | 9904 | €40,628 | €43,565 | +€2,937 | +7.2% |
| Profit (loss) for the period to be appropriated | 9905 | €40,628 | €43,565 | +€2,937 | +7.2% |
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 16 October 2026 via checked.be.