GMP SPARK: 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.
GMP SPARK
Largest movements
- Cash -€45,617
down €45,617 (-44.3%), from €102,920 to €57,303
mainly Contributions, distributions and other (-€68,000) and Other debts (-€47,633)
- Tangible fixed assets -€10,251
down €10,251 (-3.2%), from €324,705 to €314,454
of which Land and buildings: -€6,528
- Receivables within one year -€9,645
down €9,645 (-18.7%), from €51,611 to €41,966
of which Trade receivables: -€14,586
- Other debts -€47,633
down €47,633 (-39.3%), from €121,223 to €73,590
- Debts after one year -€16,209
down €16,209 (-9.1%), from €178,243 to €162,035
- Tax, wage and social debts -€4,852
down €4,852 (-33.9%), from €14,298 to €9,446
of which Taxes: -€4,852
- Profit (loss) carried forward +€4,813
up €4,813 (+3.7%), from €129,058 to €133,871
- Gross operating margin +€11,081
up €11,081 (+10.9%), from €101,347 to €112,429
- Taxes +€2,255
up €2,255 (+13.3%), from €16,892 to €19,147
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 | €480,352 | €414,264 | -€66,087 | -13.8% |
| Fixed assets | 21/28 | €324,705 | €314,454 | -€10,251 | -3.2% |
| Tangible fixed assets | 22/27 | €324,705 | €314,454 | -€10,251 | -3.2% |
| Land and buildings | 22 | €318,122 | €311,595 | -€6,528 | -2.1% |
| Furniture and vehicles | 24 | €6,583 | €2,859 | -€3,724 | -56.6% |
| Current assets | 29/58 | €155,646 | €99,810 | -€55,836 | -35.9% |
| Amounts receivable within one year | 40/41 | €51,611 | €41,966 | -€9,645 | -18.7% |
| Trade receivables | 40 | €51,611 | €37,025 | -€14,586 | -28.3% |
| Other amounts receivable | 41 | €0 | €4,941 | +€4,941 | |
| Cash at bank and in hand | 54/58 | €102,920 | €57,303 | -€45,617 | -44.3% |
| Deferred charges and accrued income | 490/1 | €1,115 | €541 | -€574 | -51.5% |
| Total equity and liabilities | 10/49 | €480,352 | €414,264 | -€66,087 | -13.8% |
| Equity | 10/15 | €147,658 | €152,471 | +€4,813 | +3.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €129,058 | €133,871 | +€4,813 | +3.7% |
| Amounts payable | 17/49 | €332,694 | €261,793 | -€70,900 | -21.3% |
| Amounts payable after more than one year | 17 | €178,243 | €162,035 | -€16,209 | -9.1% |
| Financial debts | 170/4 | €178,243 | €162,035 | -€16,209 | -9.1% |
| Amounts payable within one year | 42/48 | €154,450 | €99,759 | -€54,692 | -35.4% |
| Current portion of amounts payable after more than one year | 42 | €15,967 | €16,209 | +€241 | +1.5% |
| Trade debts | 44 | €2,962 | €514 | -€2,448 | -82.6% |
| Suppliers | 440/4 | €2,962 | €514 | -€2,448 | -82.6% |
| Taxes, remuneration and social security | 45 | €14,298 | €9,446 | -€4,852 | -33.9% |
| Taxes | 450/3 | €13,226 | €8,374 | -€4,852 | -36.7% |
| Remuneration and social security | 454/9 | €1,072 | €1,072 | = | 0.0% |
| Other amounts payable | 47/48 | €121,223 | €73,590 | -€47,633 | -39.3% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,814 | €16,794 | +€981 | +6.2% |
| Other operating charges | 640/8 | €555 | €512 | -€43 | -7.7% |
| Gross operating margin | 9900 | €101,347 | €112,429 | +€11,081 | +10.9% |
| Operating profit (loss) | 9901 | €84,978 | €95,122 | +€10,144 | +11.9% |
| Financial income | 75/76B | €317 | €0 | -€317 | -100.0% |
| Recurring financial income | 75 | €317 | €0 | -€317 | -100.0% |
| Financial charges | 65/66B | €3,298 | €3,163 | -€135 | -4.1% |
| Recurring financial charges | 65 | €3,298 | €3,163 | -€135 | -4.1% |
| Profit (loss) for the period before taxes | 9903 | €81,998 | €91,959 | +€9,962 | +12.1% |
| Income taxes | 67/77 | €16,892 | €19,147 | +€2,255 | +13.3% |
| Profit (loss) for the period | 9904 | €65,106 | €72,813 | +€7,707 | +11.8% |
| Profit (loss) for the period to be appropriated | 9905 | €65,106 | €72,813 | +€7,707 | +11.8% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.