SPHERE 5: 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 5
Largest movements
- Cash -€40,574
down €40,574 (-66.4%), from €61,073 to €20,500
mainly Debts after one year (-€62,518) and Accrued charges and deferred income (-€42,952)
- Tangible fixed assets -€28,385
down €28,385 (-3.1%), from €902,465 to €874,080
of which Land and buildings: -€30,960
- Debts after one year -€62,518
down €62,518 (-12.4%), from €505,673 to €443,155
- Accrued charges and deferred income -€42,952
down €42,952 (-58.1%), from €73,880 to €30,928
- Tax, wage and social debts +€27,005
up €27,005 (+298.0%), from €9,063 to €36,067
- Trade debts +€12,973
up €12,973 (+80.3%), from €16,163 to €29,136
- Current portion of long-term debt -€11,175
down €11,175 (-7.2%), from €154,670 to €143,495
- Gross operating margin -€57,893
down €57,893 (-34.2%), from €169,280 to €111,387
- Taxes -€16,301
down €16,301 (-74.2%), from €21,979 to €5,678
- Financial charges +€4,712
up €4,712 (+45.3%), from €10,413 to €15,125
- Depreciation -€4,093
down €4,093 (-6.5%), from €62,950 to €58,857
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 | €986,349 | €916,844 | -€69,505 | -7.0% |
| Fixed assets | 21/28 | €902,465 | €874,080 | -€28,385 | -3.1% |
| Tangible fixed assets | 22/27 | €902,465 | €874,080 | -€28,385 | -3.1% |
| Land and buildings | 22 | €899,119 | €868,159 | -€30,960 | -3.4% |
| Plant, machinery and equipment | 23 | €1,474 | €1,649 | +€175 | +11.9% |
| Furniture and vehicles | 24 | €1,871 | €4,272 | +€2,400 | +128.3% |
| Current assets | 29/58 | €83,884 | €42,765 | -€41,120 | -49.0% |
| Amounts receivable within one year | 40/41 | €22,190 | €22,226 | +€36 | +0.2% |
| Trade receivables | 40 | €21,229 | €20,493 | -€737 | -3.5% |
| Other amounts receivable | 41 | €960 | €1,734 | +€773 | +80.5% |
| Cash at bank and in hand | 54/58 | €61,073 | €20,500 | -€40,574 | -66.4% |
| Deferred charges and accrued income | 490/1 | €622 | €39 | -€583 | -93.7% |
| Total equity and liabilities | 10/49 | €986,349 | €916,844 | -€69,505 | -7.0% |
| Equity | 10/15 | €20,210 | €20,000 | -€210 | -1.0% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €210 | - | -€210 | |
| Amounts payable | 17/49 | €966,138 | €896,844 | -€69,294 | -7.2% |
| Amounts payable after more than one year | 17 | €505,673 | €443,155 | -€62,518 | -12.4% |
| Financial debts | 170/4 | €505,673 | €443,155 | -€62,518 | -12.4% |
| Amounts payable within one year | 42/48 | €386,585 | €422,761 | +€36,176 | +9.4% |
| Current portion of amounts payable after more than one year | 42 | €154,670 | €143,495 | -€11,175 | -7.2% |
| Trade debts | 44 | €16,163 | €29,136 | +€12,973 | +80.3% |
| Suppliers | 440/4 | €16,163 | €29,136 | +€12,973 | +80.3% |
| Taxes, remuneration and social security | 45 | €9,063 | €36,067 | +€27,005 | +298.0% |
| Taxes | 450/3 | €9,063 | €36,067 | +€27,005 | +298.0% |
| Other amounts payable | 47/48 | €206,689 | €214,062 | +€7,374 | +3.6% |
| Accrued charges and deferred income | 492/3 | €73,880 | €30,928 | -€42,952 | -58.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €62,950 | €58,857 | -€4,093 | -6.5% |
| Other operating charges | 640/8 | €11,643 | €11,929 | +€286 | +2.5% |
| Gross operating margin | 9900 | €169,280 | €111,387 | -€57,893 | -34.2% |
| Operating profit (loss) | 9901 | €94,688 | €40,601 | -€54,086 | -57.1% |
| Financial income | 75/76B | €0 | €4 | +€4 | +35700.0% |
| Recurring financial income | 75 | €0 | €4 | +€4 | +35700.0% |
| Financial charges | 65/66B | €10,413 | €15,125 | +€4,712 | +45.3% |
| Recurring financial charges | 65 | €10,413 | €15,125 | +€4,712 | +45.3% |
| Profit (loss) for the period before taxes | 9903 | €84,275 | €25,480 | -€58,795 | -69.8% |
| Income taxes | 67/77 | €21,979 | €5,678 | -€16,301 | -74.2% |
| Profit (loss) for the period | 9904 | €62,295 | €19,802 | -€42,493 | -68.2% |
| Profit (loss) for the period to be appropriated | 9905 | €62,295 | €19,802 | -€42,493 | -68.2% |
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 5 October 2026 via checked.be.