SPHINK: 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.
SPHINK
Largest movements
- Receivables within one year -€48,109
down €48,109 (-20.7%), from €232,876 to €184,767
of which Trade receivables: -€34,782
- Profit (loss) carried forward -€20,918
down €20,918 (-38.7%), from -€54,120 to -€75,038
- Current portion of long-term debt -€20,000
down €20,000 (-20.6%), from €97,000 to €77,000
- Provisions -€16,560
down €16,560 (-4.0%), from €413,720 to €397,159
of which Provisions for liabilities and charges: -€16,490
- Accrued charges and deferred income +€15,522
up €15,522 (+15.2%), from €102,412 to €117,934
- Gross operating margin -€13,489
down €13,489, from €4,594 to -€8,895
- Financial charges +€9,418
up €9,418 (+358%), from €2,631 to €12,050
- Other operating charges -€1,111
down €1,111 (-100%), from €1,111 to €0
- Financial income +€869
up €869 (+850%), from €102 to €972
- Depreciation +€283
up €283 (+49.2%), from €575 to €858
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 | €1,290,618 | €1,234,790 | -€55,828 | -4.3% |
| Fixed assets | 21/28 | €1,056,697 | €1,049,038 | -€7,658 | -0.7% |
| Tangible fixed assets | 22/27 | €2,327 | €1,468 | -€858 | -36.9% |
| Furniture and vehicles | 24 | €2,327 | €1,468 | -€858 | -36.9% |
| Financial fixed assets | 28 | €1,054,370 | €1,047,570 | -€6,800 | -0.6% |
| Current assets | 29/58 | €233,921 | €185,751 | -€48,170 | -20.6% |
| Amounts receivable within one year | 40/41 | €232,876 | €184,767 | -€48,109 | -20.7% |
| Trade receivables | 40 | €35,641 | €859 | -€34,782 | -97.6% |
| Other amounts receivable | 41 | €197,235 | €183,909 | -€13,327 | -6.8% |
| Cash at bank and in hand | 54/58 | €1,045 | €984 | -€61 | -5.8% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €1,290,618 | €1,234,790 | -€55,828 | -4.3% |
| Equity | 10/15 | €92,694 | €71,565 | -€21,129 | -22.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €128,214 | €128,003 | -€211 | -0.2% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €99,343 | €99,131 | -€211 | -0.2% |
| Distributable reserves | 133 | €27,011 | €27,011 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€54,120 | -€75,038 | -€20,918 | -38.7% |
| Provisions and deferred taxes | 16 | €413,720 | €397,159 | -€16,560 | -4.0% |
| Provisions for liabilities and charges | 160/5 | €383,185 | €366,696 | -€16,490 | -4.3% |
| Pensions and similar obligations | 160 | €109,123 | €105,772 | -€3,351 | -3.1% |
| Other liabilities and charges | 164/5 | €274,063 | €260,924 | -€13,139 | -4.8% |
| Deferred taxes | 168 | €30,534 | €30,464 | -€70 | -0.2% |
| Amounts payable | 17/49 | €784,204 | €766,066 | -€18,139 | -2.3% |
| Amounts payable within one year | 42/48 | €681,793 | €648,132 | -€33,661 | -4.9% |
| Current portion of amounts payable after more than one year | 42 | €97,000 | €77,000 | -€20,000 | -20.6% |
| Trade debts | 44 | €11,624 | €10,098 | -€1,527 | -13.1% |
| Suppliers | 440/4 | €11,624 | €10,098 | -€1,527 | -13.1% |
| Taxes, remuneration and social security | 45 | €11,390 | €8,114 | -€3,276 | -28.8% |
| Taxes | 450/3 | €2,301 | €6,914 | +€4,614 | +201% |
| Remuneration and social security | 454/9 | €9,090 | €1,200 | -€7,890 | -86.8% |
| Other amounts payable | 47/48 | €561,778 | €552,920 | -€8,858 | -1.6% |
| Accrued charges and deferred income | 492/3 | €102,412 | €117,934 | +€15,522 | +15.2% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €575 | €858 | +€283 | +49.2% |
| Other operating charges | 640/8 | €1,111 | €0 | -€1,111 | -100% |
| Gross operating margin | 9900 | €4,594 | -€8,895 | -€13,489 | |
| Operating profit (loss) | 9901 | €2,907 | -€9,753 | -€12,660 | |
| Financial income | 75/76B | €102 | €972 | +€869 | +850% |
| Recurring financial income | 75 | €102 | €972 | +€869 | +850% |
| Financial charges | 65/66B | €2,631 | €12,050 | +€9,418 | +358% |
| Recurring financial charges | 65 | €2,631 | €12,050 | +€9,418 | +358% |
| Profit (loss) for the period before taxes | 9903 | €378 | -€20,831 | -€21,210 | |
| Transfer from deferred taxes | 780 | - | €70 | +€70 | |
| Transfer to deferred taxes | 680 | €0 | - | = | |
| Income taxes | 67/77 | €359 | €368 | +€9 | +2.5% |
| Profit (loss) for the period | 9904 | €19 | -€21,129 | -€21,148 | |
| Transfer from tax-exempt reserves | 789 | - | €211 | +€211 | |
| Transfer to tax-exempt reserves | 689 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €19 | -€20,918 | -€20,937 |
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 25 October 2026 via checked.be.