SPHERE CONSULT: 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 CONSULT
Largest movements
- Cash -€43,701
down €43,701 (-48.7%), from €89,766 to €46,065
mainly Current investments (-€40,378) and Contributions, distributions and other (-€16,533)
- Current investments +€40,378
new in 2025: €40,378
- Receivables within one year -€14,952
down €14,952 (-39.5%), from €37,817 to €22,866
of which Trade receivables: -€12,687
- Tangible fixed assets -€9,044
down €9,044 (-4.6%), from €196,239 to €187,196
of which Land and buildings: -€9,000
- Debts after one year -€13,239
down €13,239 (-11.4%), from €116,304 to €103,065
- Tax, wage and social debts -€10,660
down €10,660 (-78.8%), from €13,536 to €2,876
- Trade debts -€3,583
down €3,583 (-29.5%), from €12,163 to €8,581
- Gross operating margin -€2,961
down €2,961 (-6.4%), from €46,567 to €43,606
- Taxes +€2,460
up €2,460 (+51.9%), from €4,739 to €7,199
- Financial income +€2,197
up €2,197 (+3982.8%), from €55 to €2,252
- Other operating charges -€1,371
down €1,371 (-40.2%), from €3,410 to €2,039
- Financial charges +€738
up €738 (+7.8%), from €9,430 to €10,168
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 | €342,938 | €313,554 | -€29,383 | -8.6% |
| Fixed assets | 21/28 | €196,239 | €187,196 | -€9,044 | -4.6% |
| Tangible fixed assets | 22/27 | €196,239 | €187,196 | -€9,044 | -4.6% |
| Land and buildings | 22 | €190,388 | €181,388 | -€9,000 | -4.7% |
| Plant, machinery and equipment | 23 | €3,005 | €1,383 | -€1,621 | -54.0% |
| Furniture and vehicles | 24 | €2,847 | €4,425 | +€1,578 | +55.4% |
| Current assets | 29/58 | €146,698 | €126,359 | -€20,340 | -13.9% |
| Amounts receivable within one year | 40/41 | €37,817 | €22,866 | -€14,952 | -39.5% |
| Trade receivables | 40 | €24,545 | €11,858 | -€12,687 | -51.7% |
| Other amounts receivable | 41 | €13,272 | €11,008 | -€2,265 | -17.1% |
| Current investments | 50/53 | - | €40,378 | +€40,378 | |
| Cash at bank and in hand | 54/58 | €89,766 | €46,065 | -€43,701 | -48.7% |
| Deferred charges and accrued income | 490/1 | €19,115 | €17,050 | -€2,065 | -10.8% |
| Total equity and liabilities | 10/49 | €342,938 | €313,554 | -€29,383 | -8.6% |
| Equity | 10/15 | €172,043 | €169,619 | -€2,424 | -1.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €153,443 | €151,019 | -€2,424 | -1.6% |
| Distributable reserves | 133 | €153,443 | €151,019 | -€2,424 | -1.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €170,895 | €143,935 | -€26,960 | -15.8% |
| Amounts payable after more than one year | 17 | €116,304 | €103,065 | -€13,239 | -11.4% |
| Financial debts | 170/4 | €116,304 | €103,065 | -€13,239 | -11.4% |
| Amounts payable within one year | 42/48 | €54,591 | €40,326 | -€14,264 | -26.1% |
| Current portion of amounts payable after more than one year | 42 | €12,976 | €13,239 | +€263 | +2.0% |
| Trade debts | 44 | €12,163 | €8,581 | -€3,583 | -29.5% |
| Suppliers | 440/4 | €12,163 | €8,581 | -€3,583 | -29.5% |
| Taxes, remuneration and social security | 45 | €13,536 | €2,876 | -€10,660 | -78.8% |
| Taxes | 450/3 | €13,536 | €2,876 | -€10,660 | -78.8% |
| Other amounts payable | 47/48 | €15,915 | €15,630 | -€285 | -1.8% |
| Accrued charges and deferred income | 492/3 | - | €544 | +€544 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,430 | €12,341 | -€89 | -0.7% |
| Other operating charges | 640/8 | €3,410 | €2,039 | -€1,371 | -40.2% |
| Non-recurring operating charges | 66A | €10,114 | €0 | -€10,114 | -100.0% |
| Gross operating margin | 9900 | €46,567 | €43,606 | -€2,961 | -6.4% |
| Operating profit (loss) | 9901 | €20,613 | €29,225 | +€8,613 | +41.8% |
| Financial income | 75/76B | €55 | €2,252 | +€2,197 | +3982.8% |
| Recurring financial income | 75 | €55 | €2,252 | +€2,197 | +3982.8% |
| Financial charges | 65/66B | €9,430 | €10,168 | +€738 | +7.8% |
| Recurring financial charges | 65 | €9,430 | €10,168 | +€738 | +7.8% |
| Profit (loss) for the period before taxes | 9903 | €11,237 | €21,309 | +€10,071 | +89.6% |
| Income taxes | 67/77 | €4,739 | €7,199 | +€2,460 | +51.9% |
| Profit (loss) for the period | 9904 | €6,498 | €14,109 | +€7,611 | +117.1% |
| Profit (loss) for the period to be appropriated | 9905 | €6,498 | €14,109 | +€7,611 | +117.1% |
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 10 October 2026 via checked.be.