SPHERE BELGIUM: 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.
SPHERE BELGIUM
Largest movements
- Cash -€226,764
down €226,764 (-53.7%), from €422,028 to €195,264
mainly Net result for the year (-€108,723) and Tax, wage and social debts (-€105,771)
- Stocks and contracts -€64,274
down €64,274 (-11.3%), from €566,795 to €502,521
- Receivables within one year +€35,837
up €35,837 (+2.6%), from €1.4m to €1.4m
of which Other amounts receivable: +€116,689
- Profit (loss) carried forward -€108,723
down €108,723 (-38.5%), from €282,179 to €173,456
- Tax, wage and social debts -€105,771
down €105,771 (-41.6%), from €254,097 to €148,326
of which Taxes: -€105,946
- Short-term financial debts -€99,637
no longer reported in 2025 (was €99,637)
- Trade debts +€55,002
up €55,002 (+3.5%), from €1.6m to €1.6m
- Staff costs +€105,955
up €105,955 (+61.6%), from €172,107 to €278,062
- Other operating charges -€53,797
down €53,797 (-91.0%), from €59,150 to €5,353
- Gross operating margin -€35,924
down €35,924 (-14.8%), from €243,355 to €207,431
- Write-downs +€31,412
no longer reported in 2025 (was -€31,412)
- Financial charges -€6,839
down €6,839 (-29.2%), from €23,395 to €16,556
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 | €2,450,971 | €2,191,841 | -€259,130 | -10.6% |
| Fixed assets | 21/28 | €69,895 | €65,755 | -€4,139 | -5.9% |
| Tangible fixed assets | 22/27 | €9,365 | €5,226 | -€4,139 | -44.2% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | 0.0% |
| Furniture and vehicles | 24 | €9,365 | €5,226 | -€4,139 | -44.2% |
| Financial fixed assets | 28 | €60,530 | €60,530 | = | 0.0% |
| Current assets | 29/58 | €2,381,076 | €2,126,086 | -€254,990 | -10.7% |
| Stocks and contracts in progress | 3 | €566,795 | €502,521 | -€64,274 | -11.3% |
| Stocks | 30/36 | €566,795 | €502,521 | -€64,274 | -11.3% |
| Amounts receivable within one year | 40/41 | €1,378,712 | €1,414,549 | +€35,837 | +2.6% |
| Trade receivables | 40 | €1,377,612 | €1,296,759 | -€80,853 | -5.9% |
| Other amounts receivable | 41 | €1,100 | €117,789 | +€116,689 | +10,607% |
| Cash at bank and in hand | 54/58 | €422,028 | €195,264 | -€226,764 | -53.7% |
| Deferred charges and accrued income | 490/1 | €13,541 | €13,752 | +€211 | +1.6% |
| Total equity and liabilities | 10/49 | €2,450,971 | €2,191,841 | -€259,130 | -10.6% |
| Equity | 10/15 | €541,779 | €433,056 | -€108,723 | -20.1% |
| Contributions | 10/11 | €236,000 | €236,000 | = | 0.0% |
| Capital | 10 | €236,000 | €236,000 | = | 0.0% |
| Issued capital | 100 | €236,000 | €236,000 | = | 0.0% |
| Reserves | 13 | €23,600 | €23,600 | = | 0.0% |
| Non-distributable reserves | 130/1 | €23,600 | €23,600 | = | 0.0% |
| Legal reserve | 130 | €23,600 | €23,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €282,179 | €173,456 | -€108,723 | -38.5% |
| Amounts payable | 17/49 | €1,909,192 | €1,758,786 | -€150,406 | -7.9% |
| Amounts payable within one year | 42/48 | €1,909,192 | €1,758,786 | -€150,406 | -7.9% |
| Financial debts | 43 | €99,637 | - | -€99,637 | |
| Other loans | 439 | €99,637 | - | -€99,637 | |
| Trade debts | 44 | €1,555,458 | €1,610,460 | +€55,002 | +3.5% |
| Suppliers | 440/4 | €1,555,458 | €1,610,460 | +€55,002 | +3.5% |
| Taxes, remuneration and social security | 45 | €254,097 | €148,326 | -€105,771 | -41.6% |
| Taxes | 450/3 | €219,233 | €113,286 | -€105,946 | -48.3% |
| Remuneration and social security | 454/9 | €34,865 | €35,040 | +€175 | +0.5% |
| Non-recurring operating income | 76A | €45,000 | - | -€45,000 | |
| Remuneration, social security and pensions | 62 | €172,107 | €278,062 | +€105,955 | +61.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,924 | €4,139 | +€215 | +5.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€31,412 | - | +€31,412 | |
| Other operating charges | 640/8 | €59,150 | €5,353 | -€53,797 | -91.0% |
| Non-recurring operating charges | 66A | €260 | €8,159 | +€7,899 | +3,037% |
| Gross operating margin | 9900 | €243,355 | €207,431 | -€35,924 | -14.8% |
| Operating profit (loss) | 9901 | €39,326 | -€88,282 | -€127,608 | |
| Financial charges | 65/66B | €23,395 | €16,556 | -€6,839 | -29.2% |
| Recurring financial charges | 65 | €23,395 | €16,556 | -€6,839 | -29.2% |
| Profit (loss) for the period before taxes | 9903 | €15,931 | -€104,838 | -€120,769 | |
| Income taxes | 67/77 | €6,000 | €3,886 | -€2,115 | -35.2% |
| Profit (loss) for the period | 9904 | €9,931 | -€108,723 | -€118,654 | |
| Profit (loss) for the period to be appropriated | 9905 | €9,931 | -€108,723 | -€118,654 |
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 16 October 2026 via checked.be.