GREEN 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.
GREEN SPARK
Largest movements
- Receivables within one year +€48,143
up €48,143 (+142.0%), from €33,900 to €82,043
of which Other amounts receivable: +€53,590
- Cash -€30,129
down €30,129 (-39.0%), from €77,287 to €47,158
mainly Receivables within one year (-€48,143) and Investment in fixed assets (net) (-€17,432)
- Tangible fixed assets +€5,878
up €5,878 (+26.1%), from €22,479 to €28,357
of which Plant, machinery and equipment: +€11,996
- Profit (loss) carried forward +€27,263
up €27,263 (+26.8%), from €101,714 to €128,977
- Debts after one year -€5,005
no longer reported in 2025 (was €5,005)
- Trade debts +€2,119
up €2,119 (+64.9%), from €3,263 to €5,382
- Gross operating margin -€16,577
down €16,577 (-26.9%), from €61,526 to €44,949
- Taxes -€4,284
down €4,284 (-41.5%), from €10,332 to €6,048
- Depreciation +€2,025
up €2,025 (+21.2%), from €9,530 to €11,555
- Financial income +€1,222
up €1,222 (+1136.8%), from €108 to €1,330
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 | €133,666 | €157,558 | +€23,892 | +17.9% |
| Fixed assets | 21/28 | €22,479 | €28,357 | +€5,878 | +26.1% |
| Tangible fixed assets | 22/27 | €22,479 | €28,357 | +€5,878 | +26.1% |
| Land and buildings | 22 | €589 | €392 | -€196 | -33.3% |
| Plant, machinery and equipment | 23 | €9,577 | €21,574 | +€11,996 | +125.3% |
| Furniture and vehicles | 24 | €12,314 | €6,391 | -€5,923 | -48.1% |
| Current assets | 29/58 | €111,187 | €129,201 | +€18,014 | +16.2% |
| Amounts receivable within one year | 40/41 | €33,900 | €82,043 | +€48,143 | +142.0% |
| Trade receivables | 40 | €7,160 | €1,713 | -€5,448 | -76.1% |
| Other amounts receivable | 41 | €26,740 | €80,330 | +€53,590 | +200.4% |
| Cash at bank and in hand | 54/58 | €77,287 | €47,158 | -€30,129 | -39.0% |
| Total equity and liabilities | 10/49 | €133,666 | €157,558 | +€23,892 | +17.9% |
| Equity | 10/15 | €106,714 | €133,977 | +€27,263 | +25.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €101,714 | €128,977 | +€27,263 | +26.8% |
| Amounts payable | 17/49 | €26,953 | €23,581 | -€3,372 | -12.5% |
| Amounts payable after more than one year | 17 | €5,005 | - | -€5,005 | |
| Financial debts | 170/4 | €5,005 | - | -€5,005 | |
| Amounts payable within one year | 42/48 | €21,948 | €23,581 | +€1,633 | +7.4% |
| Current portion of amounts payable after more than one year | 42 | €5,334 | €5,005 | -€330 | -6.2% |
| Trade debts | 44 | €3,263 | €5,382 | +€2,119 | +64.9% |
| Suppliers | 440/4 | €3,263 | €5,382 | +€2,119 | +64.9% |
| Taxes, remuneration and social security | 45 | €13,350 | €12,519 | -€831 | -6.2% |
| Taxes | 450/3 | €13,350 | €12,519 | -€831 | -6.2% |
| Other amounts payable | 47/48 | - | €674 | +€674 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,530 | €11,555 | +€2,025 | +21.2% |
| Other operating charges | 640/8 | €715 | €684 | -€31 | -4.4% |
| Gross operating margin | 9900 | €61,526 | €44,949 | -€16,577 | -26.9% |
| Operating profit (loss) | 9901 | €51,281 | €32,711 | -€18,570 | -36.2% |
| Financial income | 75/76B | €108 | €1,330 | +€1,222 | +1136.8% |
| Recurring financial income | 75 | €108 | €1,330 | +€1,222 | +1136.8% |
| Financial charges | 65/66B | €1,302 | €729 | -€573 | -44.0% |
| Recurring financial charges | 65 | €1,302 | €729 | -€573 | -44.0% |
| Profit (loss) for the period before taxes | 9903 | €50,086 | €33,311 | -€16,775 | -33.5% |
| Income taxes | 67/77 | €10,332 | €6,048 | -€4,284 | -41.5% |
| Profit (loss) for the period | 9904 | €39,754 | €27,263 | -€12,491 | -31.4% |
| Profit (loss) for the period to be appropriated | 9905 | €39,754 | €27,263 | -€12,491 | -31.4% |
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 12 October 2026 via checked.be.