C-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.
C-SPARK
Largest movements
- Cash +€23,587
up €23,587 (+62.6%), from €37,683 to €61,271
mainly Net result for the year (+€30,825) and Depreciation (+€9,390)
- Tangible fixed assets -€8,622
down €8,622 (-26.5%), from €32,502 to €23,880
- Receivables within one year +€4,212
up €4,212 (+32.2%), from €13,099 to €17,311
of which Other amounts receivable: +€2,336
- Profit (loss) carried forward +€30,825
up €30,825 (+76.9%), from €40,067 to €70,891
- Debts after one year -€9,940
down €9,940 (-54.1%), from €18,376 to €8,435
- Tax, wage and social debts -€3,058
down €3,058 (-23.3%), from €13,134 to €10,077
of which Taxes: -€3,058
- Trade debts +€1,066
up €1,066 (+37.6%), from €2,831 to €3,896
- Staff costs +€2,010
new in 2025: €2,010
- Gross operating margin +€1,399
up €1,399 (+2.7%), from €51,216 to €52,615
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 | €86,153 | €105,240 | +€19,087 | +22.2% |
| Formation expenses | 20 | €754 | €536 | -€219 | -29.0% |
| Fixed assets | 21/28 | €32,502 | €23,880 | -€8,622 | -26.5% |
| Tangible fixed assets | 22/27 | €32,502 | €23,880 | -€8,622 | -26.5% |
| Furniture and vehicles | 24 | €32,502 | €23,880 | -€8,622 | -26.5% |
| Current assets | 29/58 | €52,897 | €80,824 | +€27,927 | +52.8% |
| Amounts receivable within one year | 40/41 | €13,099 | €17,311 | +€4,212 | +32.2% |
| Trade receivables | 40 | €13,099 | €14,975 | +€1,876 | +14.3% |
| Other amounts receivable | 41 | - | €2,336 | +€2,336 | |
| Cash at bank and in hand | 54/58 | €37,683 | €61,271 | +€23,587 | +62.6% |
| Deferred charges and accrued income | 490/1 | €2,114 | €2,242 | +€128 | +6.0% |
| Total equity and liabilities | 10/49 | €86,153 | €105,240 | +€19,087 | +22.2% |
| Equity | 10/15 | €42,067 | €72,891 | +€30,825 | +73.3% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €40,067 | €70,891 | +€30,825 | +76.9% |
| Amounts payable | 17/49 | €44,086 | €32,349 | -€11,738 | -26.6% |
| Amounts payable after more than one year | 17 | €18,376 | €8,435 | -€9,940 | -54.1% |
| Financial debts | 170/4 | €18,376 | €8,435 | -€9,940 | -54.1% |
| Amounts payable within one year | 42/48 | €25,711 | €23,913 | -€1,797 | -7.0% |
| Current portion of amounts payable after more than one year | 42 | €9,746 | €9,940 | +€195 | +2.0% |
| Trade debts | 44 | €2,831 | €3,896 | +€1,066 | +37.6% |
| Suppliers | 440/4 | €2,831 | €3,896 | +€1,066 | +37.6% |
| Taxes, remuneration and social security | 45 | €13,134 | €10,077 | -€3,058 | -23.3% |
| Taxes | 450/3 | €11,012 | €7,954 | -€3,058 | -27.8% |
| Remuneration and social security | 454/9 | €2,123 | €2,123 | = | 0.0% |
| Remuneration, social security and pensions | 62 | - | €2,010 | +€2,010 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,226 | €9,390 | +€164 | +1.8% |
| Other operating charges | 640/8 | €149 | €551 | +€402 | +269% |
| Gross operating margin | 9900 | €51,216 | €52,615 | +€1,399 | +2.7% |
| Operating profit (loss) | 9901 | €41,841 | €40,663 | -€1,177 | -2.8% |
| Financial income | 75/76B | €255 | €126 | -€129 | -50.6% |
| Recurring financial income | 75 | €255 | €126 | -€129 | -50.6% |
| Financial charges | 65/66B | €809 | €669 | -€140 | -17.3% |
| Recurring financial charges | 65 | €809 | €669 | -€140 | -17.3% |
| Profit (loss) for the period before taxes | 9903 | €41,287 | €40,120 | -€1,167 | -2.8% |
| Income taxes | 67/77 | €8,968 | €9,295 | +€327 | +3.6% |
| Profit (loss) for the period | 9904 | €32,319 | €30,825 | -€1,494 | -4.6% |
| Profit (loss) for the period to be appropriated | 9905 | €32,319 | €30,825 | -€1,494 | -4.6% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.