T-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.
T-Sphere
Largest movements
- Receivables within one year +€35,296
up €35,296 (+36.9%), from €95,537 to €130,833
of which Trade receivables: +€35,124
- Cash +€16,679
up €16,679 (+2.6%), from €649,951 to €666,630
mainly Net result for the year (+€187,712) and Depreciation (+€5,555)
- Reserves +€130,360
up €130,360 (+14.5%), from €897,203 to €1.0m
- Tax, wage and social debts -€39,586
down €39,586 (-64.0%), from €61,868 to €22,282
- Short-term financial debts -€24,021
no longer reported in 2024 (was €24,021)
- Trade debts -€16,432
down €16,432 (-99.3%), from €16,541 to €109
- Gross operating margin -€83,178
down €83,178 (-23.7%), from €351,448 to €268,271
- Taxes -€23,772
down €23,772 (-22.3%), from €106,632 to €82,860
- Depreciation -€8,395
down €8,395 (-60.2%), from €13,950 to €5,555
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,010,004 | €1,060,325 | +€50,321 | +5.0% |
| Fixed assets | 21/28 | €22,315 | €20,660 | -€1,655 | -7.4% |
| Tangible fixed assets | 22/27 | €22,315 | €20,660 | -€1,655 | -7.4% |
| Plant, machinery and equipment | 23 | €20,448 | €15,651 | -€4,797 | -23.5% |
| Furniture and vehicles | 24 | €1,867 | €1,109 | -€757 | -40.6% |
| Other tangible fixed assets | 26 | - | €3,900 | +€3,900 | |
| Current assets | 29/58 | €987,690 | €1,039,665 | +€51,975 | +5.3% |
| Amounts receivable after more than one year | 29 | €240,000 | €240,000 | = | 0.0% |
| Other amounts receivable | 291 | €240,000 | €240,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €1,000 | €1,000 | = | 0.0% |
| Stocks | 30/36 | €1,000 | €1,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €95,537 | €130,833 | +€35,296 | +36.9% |
| Trade receivables | 40 | €95,537 | €130,662 | +€35,124 | +36.8% |
| Other amounts receivable | 41 | - | €172 | +€172 | |
| Cash at bank and in hand | 54/58 | €649,951 | €666,630 | +€16,679 | +2.6% |
| Deferred charges and accrued income | 490/1 | €1,202 | €1,202 | = | 0.0% |
| Total equity and liabilities | 10/49 | €1,010,004 | €1,060,325 | +€50,321 | +5.0% |
| Equity | 10/15 | €907,574 | €1,037,934 | +€130,360 | +14.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €897,203 | €1,027,564 | +€130,360 | +14.5% |
| Distributable reserves | 133 | €897,203 | €1,027,564 | +€130,360 | +14.5% |
| Profit (loss) carried forward | 14 | €4,170 | €4,170 | = | 0.0% |
| Amounts payable | 17/49 | €102,431 | €22,391 | -€80,040 | -78.1% |
| Amounts payable within one year | 42/48 | €102,431 | €22,391 | -€80,040 | -78.1% |
| Financial debts | 43 | €24,021 | - | -€24,021 | |
| Credit institutions | 430/8 | €24,021 | - | -€24,021 | |
| Trade debts | 44 | €16,541 | €109 | -€16,432 | -99.3% |
| Suppliers | 440/4 | €16,541 | €109 | -€16,432 | -99.3% |
| Taxes, remuneration and social security | 45 | €61,868 | €22,282 | -€39,586 | -64.0% |
| Taxes | 450/3 | €61,868 | €22,282 | -€39,586 | -64.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,950 | €5,555 | -€8,395 | -60.2% |
| Other operating charges | 640/8 | €132 | €141 | +€9 | +6.7% |
| Gross operating margin | 9900 | €351,448 | €268,271 | -€83,178 | -23.7% |
| Operating profit (loss) | 9901 | €337,367 | €262,575 | -€74,791 | -22.2% |
| Financial income | 75/76B | €6,631 | €8,261 | +€1,630 | +24.6% |
| Recurring financial income | 75 | €6,631 | €8,261 | +€1,630 | +24.6% |
| Financial charges | 65/66B | €2,279 | €265 | -€2,015 | -88.4% |
| Recurring financial charges | 65 | €2,279 | €265 | -€2,015 | -88.4% |
| Profit (loss) for the period before taxes | 9903 | €341,719 | €270,572 | -€71,146 | -20.8% |
| Income taxes | 67/77 | €106,632 | €82,860 | -€23,772 | -22.3% |
| Profit (loss) for the period | 9904 | €235,086 | €187,712 | -€47,374 | -20.2% |
| Profit (loss) for the period to be appropriated | 9905 | €235,086 | €187,712 | -€47,374 | -20.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.