SFERA: 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.
SFERA
Largest movements
- Stocks and contracts +€12,694
up €12,694 (+29.2%), from €43,477 to €56,172
- Tangible fixed assets -€5,710
down €5,710 (-69.3%), from €8,243 to €2,533
of which Leasing and similar rights: -€7,359
- Receivables within one year +€720
new in 2025: €720
- Profit (loss) carried forward +€31,305
up €31,305 (+40.3%), from -€77,754 to -€46,449
- Short-term financial debts -€14,914
down €14,914 (-46.8%), from €31,900 to €16,986
- Other debts -€12,789
down €12,789 (-24.4%), from €52,327 to €39,538
- Tax, wage and social debts +€4,926
up €4,926 (+35.5%), from €13,885 to €18,811
- Current portion of long-term debt -€1,161
down €1,161 (-100.0%), from €1,161 to €0
- Gross operating margin +€25,620
up €25,620 (+115.8%), from €22,134 to €47,754
- Other operating charges -€5,969
down €5,969 (-79.6%), from €7,500 to €1,530
- Taxes +€2,636
new in 2025: €2,636
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €55,368 | €63,207 | +€7,839 | +14.2% |
| Fixed assets | 21/28 | €9,429 | €3,719 | -€5,710 | -60.6% |
| Tangible fixed assets | 22/27 | €8,243 | €2,533 | -€5,710 | -69.3% |
| Furniture and vehicles | 24 | €885 | €2,533 | +€1,649 | +186.4% |
| Leasing and similar rights | 25 | €7,359 | €0 | -€7,359 | -100.0% |
| Financial fixed assets | 28 | €1,186 | €1,186 | = | 0.0% |
| Current assets | 29/58 | €45,939 | €59,488 | +€13,549 | +29.5% |
| Stocks and contracts in progress | 3 | €43,477 | €56,172 | +€12,694 | +29.2% |
| Stocks | 30/36 | €43,477 | €56,172 | +€12,694 | +29.2% |
| Amounts receivable within one year | 40/41 | - | €720 | +€720 | |
| Other amounts receivable | 41 | - | €720 | +€720 | |
| Deferred charges and accrued income | 490/1 | €2,462 | €2,596 | +€135 | +5.5% |
| Total equity and liabilities | 10/49 | €55,368 | €63,207 | +€7,839 | +14.2% |
| Equity | 10/15 | -€59,154 | -€27,849 | +€31,305 | +52.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€77,754 | -€46,449 | +€31,305 | +40.3% |
| Amounts payable | 17/49 | €114,522 | €91,056 | -€23,466 | -20.5% |
| Amounts payable within one year | 42/48 | €114,522 | €91,056 | -€23,466 | -20.5% |
| Current portion of amounts payable after more than one year | 42 | €1,161 | €0 | -€1,161 | -100.0% |
| Financial debts | 43 | €31,900 | €16,986 | -€14,914 | -46.8% |
| Credit institutions | 430/8 | €31,900 | €16,986 | -€14,914 | -46.8% |
| Trade debts | 44 | €15,249 | €15,720 | +€471 | +3.1% |
| Suppliers | 440/4 | €15,249 | €15,720 | +€471 | +3.1% |
| Taxes, remuneration and social security | 45 | €13,885 | €18,811 | +€4,926 | +35.5% |
| Taxes | 450/3 | €13,885 | €18,811 | +€4,926 | +35.5% |
| Other amounts payable | 47/48 | €52,327 | €39,538 | -€12,789 | -24.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,497 | €6,640 | +€143 | +2.2% |
| Other operating charges | 640/8 | €7,500 | €1,530 | -€5,969 | -79.6% |
| Gross operating margin | 9900 | €22,134 | €47,754 | +€25,620 | +115.8% |
| Operating profit (loss) | 9901 | €8,137 | €39,584 | +€31,446 | +386.4% |
| Financial income | 75/76B | €867 | €535 | -€332 | -38.3% |
| Recurring financial income | 75 | €867 | €535 | -€332 | -38.3% |
| Financial charges | 65/66B | €6,452 | €6,178 | -€274 | -4.2% |
| Recurring financial charges | 65 | €6,452 | €6,178 | -€274 | -4.2% |
| Profit (loss) for the period before taxes | 9903 | €2,553 | €33,941 | +€31,388 | +1229.6% |
| Income taxes | 67/77 | - | €2,636 | +€2,636 | |
| Profit (loss) for the period | 9904 | €2,553 | €31,305 | +€28,752 | +1126.3% |
| Profit (loss) for the period to be appropriated | 9905 | €2,553 | €31,305 | +€28,752 | +1126.3% |
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 8 October 2026 via checked.be.