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.
SPHERE
Largest movements
- Tangible fixed assets +€52,870
up €52,870 (+87.7%), from €60,268 to €113,138
of which Plant, machinery and equipment: +€52,870
- Stocks and contracts -€12,016
down €12,016 (-12.9%), from €93,029 to €81,013
- Trade debts +€54,685
up €54,685 (+2938.2%), from €1,861 to €56,547
- Other debts -€19,560
down €19,560 (-46.8%), from €41,773 to €22,212
- Reserves +€3,502
up €3,502 (+9.2%), from €38,048 to €41,550
of which Distributable reserves: +€3,502
- Taxes +€1,645
new in 2025: €1,645
- Gross operating margin -€921
down €921 (-11.7%), from €7,850 to €6,929
- Other operating charges +€147
up €147 (+12.3%), from €1,199 to €1,347
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 | €156,082 | €195,010 | +€38,928 | +24.9% |
| Fixed assets | 21/28 | €60,268 | €113,138 | +€52,870 | +87.7% |
| Tangible fixed assets | 22/27 | €60,268 | €113,138 | +€52,870 | +87.7% |
| Land and buildings | 22 | €42,380 | €42,380 | = | 0.0% |
| Plant, machinery and equipment | 23 | €17,888 | €70,758 | +€52,870 | +295.6% |
| Current assets | 29/58 | €95,814 | €81,873 | -€13,941 | -14.6% |
| Stocks and contracts in progress | 3 | €93,029 | €81,013 | -€12,016 | -12.9% |
| Stocks | 30/36 | €93,029 | €81,013 | -€12,016 | -12.9% |
| Amounts receivable within one year | 40/41 | €635 | - | -€635 | |
| Other amounts receivable | 41 | €635 | - | -€635 | |
| Cash at bank and in hand | 54/58 | €1,690 | €860 | -€830 | -49.1% |
| Deferred charges and accrued income | 490/1 | €460 | - | -€460 | |
| Total equity and liabilities | 10/49 | €156,082 | €195,010 | +€38,928 | +24.9% |
| Equity | 10/15 | €112,448 | €115,950 | +€3,502 | +3.1% |
| Contributions | 10/11 | €74,400 | €74,400 | = | 0.0% |
| Outside capital | 11 | €74,400 | €74,400 | = | 0.0% |
| Other | 1109/19 | €74,400 | €74,400 | = | 0.0% |
| Reserves | 13 | €38,048 | €41,550 | +€3,502 | +9.2% |
| Non-distributable reserves | 130/1 | €7,440 | €7,440 | = | 0.0% |
| Reserves not available under the articles | 1311 | €7,440 | €7,440 | = | 0.0% |
| Distributable reserves | 133 | €30,608 | €34,110 | +€3,502 | +11.4% |
| Amounts payable | 17/49 | €43,634 | €79,060 | +€35,426 | +81.2% |
| Amounts payable within one year | 42/48 | €43,634 | €79,060 | +€35,426 | +81.2% |
| Trade debts | 44 | €1,861 | €56,547 | +€54,685 | +2938.2% |
| Suppliers | 440/4 | €1,861 | €56,547 | +€54,685 | +2938.2% |
| Taxes, remuneration and social security | 45 | - | €301 | +€301 | |
| Taxes | 450/3 | - | €301 | +€301 | |
| Other amounts payable | 47/48 | €41,773 | €22,212 | -€19,560 | -46.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €439 | €393 | -€46 | -10.5% |
| Other operating charges | 640/8 | €1,199 | €1,347 | +€147 | +12.3% |
| Gross operating margin | 9900 | €7,850 | €6,929 | -€921 | -11.7% |
| Operating profit (loss) | 9901 | €6,211 | €5,189 | -€1,022 | -16.5% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €51 | €42 | -€9 | -17.4% |
| Recurring financial charges | 65 | €51 | €42 | -€9 | -17.4% |
| Profit (loss) for the period before taxes | 9903 | €6,160 | €5,147 | -€1,013 | -16.4% |
| Income taxes | 67/77 | - | €1,645 | +€1,645 | |
| Profit (loss) for the period | 9904 | €6,160 | €3,502 | -€2,658 | -43.1% |
| Profit (loss) for the period to be appropriated | 9905 | €6,160 | €3,502 | -€2,658 | -43.1% |
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 6 October 2026 via checked.be.