METAL 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.
METAL SPARK
Largest movements
- Receivables within one year +€10,324
up €10,324 (+155%), from €6,660 to €16,984
of which Trade receivables: +€11,114
- Cash +€3,424
up €3,424 (+19.9%), from €17,183 to €20,607
mainly Net result for the year (+€22,405) and Depreciation (+€3,974)
- Tangible fixed assets +€3,035
up €3,035 (+82.4%), from €3,683 to €6,718
of which Furniture and vehicles: +€4,503
- Formation expenses -€1,475
down €1,475 (-71.5%), from €2,062 to €587
- Profit (loss) carried forward +€21,701
no longer reported in 2025 (was -€21,701)
- Other debts -€9,536
down €9,536 (-22.9%), from €41,712 to €32,175
- Trade debts +€3,243
up €3,243 (+60.8%), from €5,338 to €8,580
- Tax, wage and social debts -€855
down €855 (-32.6%), from €2,623 to €1,768
- Reserves +€705
new in 2025: €705
- Gross operating margin +€30,758
up €30,758 (+3,663%), from €840 to €31,598
- Taxes +€3,518
up €3,518 (+1,734%), from €203 to €3,721
- Depreciation +€1,031
up €1,031 (+35.0%), from €2,943 to €3,974
- Other operating charges +€394
up €394 (+42.2%), from €933 to €1,327
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 | €31,272 | €46,229 | +€14,957 | +47.8% |
| Formation expenses | 20 | €2,062 | €587 | -€1,475 | -71.5% |
| Fixed assets | 21/28 | €4,403 | €7,438 | +€3,035 | +68.9% |
| Tangible fixed assets | 22/27 | €3,683 | €6,718 | +€3,035 | +82.4% |
| Plant, machinery and equipment | 23 | €3,683 | €2,215 | -€1,468 | -39.9% |
| Furniture and vehicles | 24 | - | €4,503 | +€4,503 | |
| Financial fixed assets | 28 | €720 | €720 | = | 0.0% |
| Current assets | 29/58 | €24,807 | €38,203 | +€13,397 | +54.0% |
| Amounts receivable within one year | 40/41 | €6,660 | €16,984 | +€10,324 | +155% |
| Trade receivables | 40 | €5,870 | €16,984 | +€11,114 | +189% |
| Other amounts receivable | 41 | €790 | - | -€790 | |
| Cash at bank and in hand | 54/58 | €17,183 | €20,607 | +€3,424 | +19.9% |
| Deferred charges and accrued income | 490/1 | €964 | €612 | -€352 | -36.5% |
| Total equity and liabilities | 10/49 | €31,272 | €46,229 | +€14,957 | +47.8% |
| Equity | 10/15 | -€18,701 | €3,705 | +€22,405 | |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | - | €705 | +€705 | |
| Distributable reserves | 133 | - | €705 | +€705 | |
| Profit (loss) carried forward | 14 | -€21,701 | - | +€21,701 | |
| Amounts payable | 17/49 | €49,972 | €42,524 | -€7,448 | -14.9% |
| Amounts payable within one year | 42/48 | €49,972 | €42,524 | -€7,448 | -14.9% |
| Trade debts | 44 | €5,338 | €8,580 | +€3,243 | +60.8% |
| Suppliers | 440/4 | €5,338 | €8,580 | +€3,243 | +60.8% |
| Advances received on contracts in progress | 46 | €300 | - | -€300 | |
| Taxes, remuneration and social security | 45 | €2,623 | €1,768 | -€855 | -32.6% |
| Taxes | 450/3 | €2,623 | €1,768 | -€855 | -32.6% |
| Other amounts payable | 47/48 | €41,712 | €32,175 | -€9,536 | -22.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,943 | €3,974 | +€1,031 | +35.0% |
| Other operating charges | 640/8 | €933 | €1,327 | +€394 | +42.2% |
| Gross operating margin | 9900 | €840 | €31,598 | +€30,758 | +3,663% |
| Operating profit (loss) | 9901 | -€3,036 | €26,297 | +€29,333 | |
| Financial income | 75/76B | - | €59 | +€59 | |
| Recurring financial income | 75 | - | €59 | +€59 | |
| Financial charges | 65/66B | €411 | €229 | -€182 | -44.2% |
| Recurring financial charges | 65 | €411 | €229 | -€182 | -44.2% |
| Profit (loss) for the period before taxes | 9903 | -€3,448 | €26,126 | +€29,574 | |
| Income taxes | 67/77 | €203 | €3,721 | +€3,518 | +1,734% |
| Profit (loss) for the period | 9904 | -€3,651 | €22,405 | +€26,056 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,651 | €22,405 | +€26,056 |
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 21 October 2026 via checked.be.