SPHERA PROPERTIES: 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.
SPHERA PROPERTIES
Largest movements
- Cash -€39,967
down €39,967 (-43.1%), from €92,738 to €52,771
mainly Trade debts (-€36,411) and Receivables within one year (-€14,674)
- Receivables within one year +€14,674
up €14,674 (+38.8%), from €37,866 to €52,540
- Trade debts -€36,411
down €36,411 (-94.5%), from €38,549 to €2,139
- Other debts +€5,013
up €5,013 (+120%), from €4,183 to €9,197
- Tax, wage and social debts +€4,597
up €4,597 (+15.8%), from €29,050 to €33,648
of which Taxes: +€5,847
- Gross operating margin -€27,426
down €27,426 (-62.5%), from €43,874 to €16,448
- Taxes -€10,703
down €10,703 (-72.3%), from €14,801 to €4,098
- Other operating charges -€878
down €878 (-53.6%), from €1,638 to €760
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 | €131,515 | €105,549 | -€25,966 | -19.7% |
| Fixed assets | 21/28 | €712 | €239 | -€474 | -66.5% |
| Tangible fixed assets | 22/27 | €474 | - | -€474 | |
| Furniture and vehicles | 24 | €474 | - | -€474 | |
| Financial fixed assets | 28 | €239 | €239 | = | 0.0% |
| Current assets | 29/58 | €130,803 | €105,311 | -€25,492 | -19.5% |
| Amounts receivable within one year | 40/41 | €37,866 | €52,540 | +€14,674 | +38.8% |
| Trade receivables | 40 | €37,866 | €52,540 | +€14,674 | +38.8% |
| Cash at bank and in hand | 54/58 | €92,738 | €52,771 | -€39,967 | -43.1% |
| Deferred charges and accrued income | 490/1 | €199 | - | -€199 | |
| Total equity and liabilities | 10/49 | €131,515 | €105,549 | -€25,966 | -19.7% |
| Equity | 10/15 | €59,732 | €60,566 | +€834 | +1.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €39,200 | €39,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €4,000 | €4,000 | = | 0.0% |
| Distributable reserves | 133 | €35,200 | €35,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,932 | €2,766 | +€834 | +43.2% |
| Amounts payable | 17/49 | €71,783 | €44,983 | -€26,800 | -37.3% |
| Amounts payable within one year | 42/48 | €71,783 | €44,983 | -€26,800 | -37.3% |
| Trade debts | 44 | €38,549 | €2,139 | -€36,411 | -94.5% |
| Suppliers | 440/4 | €38,549 | €2,139 | -€36,411 | -94.5% |
| Taxes, remuneration and social security | 45 | €29,050 | €33,648 | +€4,597 | +15.8% |
| Taxes | 450/3 | €27,800 | €33,648 | +€5,847 | +21.0% |
| Remuneration and social security | 454/9 | €1,250 | - | -€1,250 | |
| Other amounts payable | 47/48 | €4,183 | €9,197 | +€5,013 | +120% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €542 | €474 | -€68 | -12.6% |
| Other operating charges | 640/8 | €1,638 | €760 | -€878 | -53.6% |
| Gross operating margin | 9900 | €43,874 | €16,448 | -€27,426 | -62.5% |
| Operating profit (loss) | 9901 | €41,694 | €15,214 | -€26,480 | -63.5% |
| Financial income | 75/76B | €2 | - | -€2 | |
| Recurring financial income | 75 | €2 | - | -€2 | |
| Financial charges | 65/66B | €253 | €282 | +€29 | +11.5% |
| Recurring financial charges | 65 | €253 | €282 | +€29 | +11.5% |
| Profit (loss) for the period before taxes | 9903 | €41,443 | €14,932 | -€26,511 | -64.0% |
| Income taxes | 67/77 | €14,801 | €4,098 | -€10,703 | -72.3% |
| Profit (loss) for the period | 9904 | €26,642 | €10,834 | -€15,808 | -59.3% |
| Profit (loss) for the period to be appropriated | 9905 | €26,642 | €10,834 | -€15,808 | -59.3% |
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 22 October 2026 via checked.be.