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
- Cash -€107,437
down €107,437 (-69.4%), from €154,863 to €47,427
mainly Investment in fixed assets (net) (-€202,769) and Debts after one year (-€28,933)
- Intangible fixed assets +€63,848
new in 2025: €63,848
- Tangible fixed assets +€41,315
up €41,315 (+21.0%), from €196,610 to €237,925
of which Plant, machinery and equipment: +€83,723
- Other debts +€34,274
new in 2025: €34,274
- Advances received +€29,558
up €29,558 (+179.7%), from €16,449 to €46,008
- Debts after one year -€28,933
down €28,933 (-41.4%), from €69,857 to €40,924
- Trade debts -€27,194
down €27,194 (-35.1%), from €77,481 to €50,287
- Depreciation +€35,971
up €35,971 (+58.4%), from €61,635 to €97,606
- Staff costs -€18,231
down €18,231 (-48.1%), from €37,868 to €19,637
- Gross operating margin +€17,078
up €17,078 (+12.3%), from €138,928 to €156,006
- Financial charges -€5,052
down €5,052 (-53.2%), from €9,505 to €4,453
- Financial income -€3,475
down €3,475 (-98.0%), from €3,545 to €70
of which Non-recurring financial income: -€2,463
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 | €585,999 | €586,402 | +€403 | +0.1% |
| Fixed assets | 21/28 | €206,110 | €311,273 | +€105,163 | +51.0% |
| Intangible fixed assets | 21 | - | €63,848 | +€63,848 | |
| Tangible fixed assets | 22/27 | €196,610 | €237,925 | +€41,315 | +21.0% |
| Land and buildings | 22 | €133,477 | €110,735 | -€22,743 | -17.0% |
| Plant, machinery and equipment | 23 | €15,721 | €99,444 | +€83,723 | +532.5% |
| Furniture and vehicles | 24 | €47,412 | €27,747 | -€19,665 | -41.5% |
| Financial fixed assets | 28 | €9,500 | €9,500 | = | 0.0% |
| Current assets | 29/58 | €379,889 | €275,130 | -€104,760 | -27.6% |
| Stocks and contracts in progress | 3 | €15,000 | €15,000 | = | 0.0% |
| Stocks | 30/36 | €15,000 | €15,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €206,742 | €208,404 | +€1,663 | +0.8% |
| Trade receivables | 40 | €202,622 | €208,404 | +€5,783 | +2.9% |
| Other amounts receivable | 41 | €4,120 | - | -€4,120 | |
| Cash at bank and in hand | 54/58 | €154,863 | €47,427 | -€107,437 | -69.4% |
| Deferred charges and accrued income | 490/1 | €3,284 | €4,299 | +€1,014 | +30.9% |
| Total equity and liabilities | 10/49 | €585,999 | €586,402 | +€403 | +0.1% |
| Equity | 10/15 | €347,538 | €350,139 | +€2,601 | +0.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €324,913 | €327,413 | +€2,500 | +0.8% |
| Distributable reserves | 133 | €324,913 | €327,413 | +€2,500 | +0.8% |
| Profit (loss) carried forward | 14 | €4,025 | €4,126 | +€101 | +2.5% |
| Amounts payable | 17/49 | €238,461 | €236,264 | -€2,197 | -0.9% |
| Amounts payable after more than one year | 17 | €69,857 | €40,924 | -€28,933 | -41.4% |
| Financial debts | 170/4 | €69,857 | €40,924 | -€28,933 | -41.4% |
| Amounts payable within one year | 42/48 | €168,604 | €195,339 | +€26,735 | +15.9% |
| Current portion of amounts payable after more than one year | 42 | €34,317 | €28,933 | -€5,384 | -15.7% |
| Trade debts | 44 | €77,481 | €50,287 | -€27,194 | -35.1% |
| Suppliers | 440/4 | €77,481 | €50,287 | -€27,194 | -35.1% |
| Advances received on contracts in progress | 46 | €16,449 | €46,008 | +€29,558 | +179.7% |
| Taxes, remuneration and social security | 45 | €40,357 | €35,838 | -€4,519 | -11.2% |
| Taxes | 450/3 | €36,071 | €35,838 | -€233 | -0.6% |
| Remuneration and social security | 454/9 | €4,286 | - | -€4,286 | |
| Other amounts payable | 47/48 | - | €34,274 | +€34,274 | |
| Remuneration, social security and pensions | 62 | €37,868 | €19,637 | -€18,231 | -48.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €61,635 | €97,606 | +€35,971 | +58.4% |
| Other operating charges | 640/8 | €5,993 | €5,035 | -€958 | -16.0% |
| Gross operating margin | 9900 | €138,928 | €156,006 | +€17,078 | +12.3% |
| Operating profit (loss) | 9901 | €33,433 | €33,729 | +€296 | +0.9% |
| Financial income | 75/76B | €3,545 | €70 | -€3,475 | -98.0% |
| Recurring financial income | 75 | €1,082 | €70 | -€1,011 | -93.5% |
| Non-recurring financial income | 76B | €2,463 | - | -€2,463 | |
| Financial charges | 65/66B | €9,505 | €4,453 | -€5,052 | -53.2% |
| Recurring financial charges | 65 | €9,505 | €4,453 | -€5,052 | -53.2% |
| Profit (loss) for the period before taxes | 9903 | €27,474 | €29,346 | +€1,873 | +6.8% |
| Income taxes | 67/77 | €9,011 | €9,746 | +€735 | +8.2% |
| Profit (loss) for the period | 9904 | €18,463 | €19,601 | +€1,138 | +6.2% |
| Profit (loss) for the period to be appropriated | 9905 | €18,463 | €19,601 | +€1,138 | +6.2% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.