Blue Spark: 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.
Blue Spark
Largest movements
- Tangible fixed assets -€18,301
down €18,301 (-42.3%), from €43,296 to €24,995
of which Furniture and vehicles: -€17,786
- Receivables within one year +€14,611
up €14,611 (+32.4%), from €45,125 to €59,736
- Cash +€8,301
up €8,301 (+5.2%), from €158,298 to €166,599
mainly Debts after one year (+€179,052) and Net result for the year (+€64,971)
- Reserves -€202,000
no longer reported in 2025 (was €202,000)
- Debts after one year +€179,052
new in 2025: €179,052
- Other debts +€44,425
up €44,425 (+7,726%), from €575 to €45,000
- Tax, wage and social debts -€16,044
down €16,044 (-39.2%), from €40,981 to €24,936
- Gross operating margin +€5,439
up €5,439 (+5.8%), from €94,436 to €99,875
- Taxes +€1,183
up €1,183 (+7.7%), from €15,365 to €16,548
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 | €247,754 | €252,884 | +€5,131 | +2.1% |
| Fixed assets | 21/28 | €43,296 | €24,995 | -€18,301 | -42.3% |
| Tangible fixed assets | 22/27 | €43,296 | €24,995 | -€18,301 | -42.3% |
| Plant, machinery and equipment | 23 | €1,260 | €745 | -€515 | -40.9% |
| Furniture and vehicles | 24 | €42,036 | €24,251 | -€17,786 | -42.3% |
| Current assets | 29/58 | €204,457 | €227,889 | +€23,431 | +11.5% |
| Amounts receivable within one year | 40/41 | €45,125 | €59,736 | +€14,611 | +32.4% |
| Trade receivables | 40 | €45,125 | €59,736 | +€14,611 | +32.4% |
| Cash at bank and in hand | 54/58 | €158,298 | €166,599 | +€8,301 | +5.2% |
| Deferred charges and accrued income | 490/1 | €1,034 | €1,553 | +€519 | +50.2% |
| Total equity and liabilities | 10/49 | €247,754 | €252,884 | +€5,131 | +2.1% |
| Equity | 10/15 | €205,444 | €3,415 | -€202,029 | -98.3% |
| Contributions | 10/11 | €2,400 | €2,400 | = | 0.0% |
| Reserves | 13 | €202,000 | - | -€202,000 | |
| Distributable reserves | 133 | €202,000 | - | -€202,000 | |
| Profit (loss) carried forward | 14 | €1,044 | €1,015 | -€29 | -2.8% |
| Amounts payable | 17/49 | €42,309 | €249,469 | +€207,160 | +490% |
| Amounts payable after more than one year | 17 | - | €179,052 | +€179,052 | |
| Other amounts payable | 178/9 | - | €179,052 | +€179,052 | |
| Amounts payable within one year | 42/48 | €42,309 | €70,418 | +€28,108 | +66.4% |
| Trade debts | 44 | €754 | €481 | -€273 | -36.2% |
| Suppliers | 440/4 | €754 | €481 | -€273 | -36.2% |
| Taxes, remuneration and social security | 45 | €40,981 | €24,936 | -€16,044 | -39.2% |
| Taxes | 450/3 | €40,981 | €24,936 | -€16,044 | -39.2% |
| Other amounts payable | 47/48 | €575 | €45,000 | +€44,425 | +7,726% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,431 | €18,301 | -€130 | -0.7% |
| Other operating charges | 640/8 | €141 | - | -€141 | |
| Gross operating margin | 9900 | €94,436 | €99,875 | +€5,439 | +5.8% |
| Operating profit (loss) | 9901 | €75,864 | €81,574 | +€5,710 | +7.5% |
| Financial charges | 65/66B | €291 | €55 | -€236 | -81.0% |
| Recurring financial charges | 65 | €291 | €55 | -€236 | -81.0% |
| Profit (loss) for the period before taxes | 9903 | €75,573 | €81,519 | +€5,946 | +7.9% |
| Income taxes | 67/77 | €15,365 | €16,548 | +€1,183 | +7.7% |
| Profit (loss) for the period | 9904 | €60,208 | €64,971 | +€4,763 | +7.9% |
| Profit (loss) for the period to be appropriated | 9905 | €60,208 | €64,971 | +€4,763 | +7.9% |
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 13 October 2026 via checked.be.