Polyfase 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.
Polyfase Spark
Largest movements
- Cash -€9,435
down €9,435 (-11.8%), from €79,842 to €70,408
mainly Net result for the year (-€8,998) and Receivables within one year (-€1,819)
- Receivables within one year +€1,819
up €1,819 (+275.3%), from €661 to €2,480
of which Trade receivables: +€2,000
- Stocks and contracts -€1,383
down €1,383 (-100.0%), from €1,383 to €0
- Profit (loss) carried forward -€8,998
down €8,998 (-11.4%), from -€78,853 to -€87,851
- Financial income -€663,351
down €663,351 (-100.0%), from €663,351 to €0
of which Financial income: -€663,351
- Gross operating margin -€3,882
down €3,882 (-132.5%), from -€2,930 to -€6,812
- Other operating charges -€687
down €687 (-24.3%), from €2,829 to €2,142
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 | €81,886 | €72,888 | -€8,998 | -11.0% |
| Fixed assets | 21/28 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €0 | - | = | |
| Land and buildings | 22 | €0 | - | = | |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €81,886 | €72,888 | -€8,998 | -11.0% |
| Stocks and contracts in progress | 3 | €1,383 | €0 | -€1,383 | -100.0% |
| Stocks | 30/36 | €1,383 | €0 | -€1,383 | -100.0% |
| Amounts receivable within one year | 40/41 | €661 | €2,480 | +€1,819 | +275.3% |
| Trade receivables | 40 | - | €2,000 | +€2,000 | |
| Other amounts receivable | 41 | €661 | €480 | -€181 | -27.4% |
| Cash at bank and in hand | 54/58 | €79,842 | €70,408 | -€9,435 | -11.8% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €81,886 | €72,888 | -€8,998 | -11.0% |
| Equity | 10/15 | €80,763 | €71,765 | -€8,998 | -11.1% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €141,066 | €141,066 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €141,066 | €141,066 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€78,853 | -€87,851 | -€8,998 | -11.4% |
| Amounts payable | 17/49 | €1,123 | €1,123 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,123 | €1,123 | = | 0.0% |
| Trade debts | 44 | €1,123 | €1,123 | = | 0.0% |
| Suppliers | 440/4 | €1,123 | €1,123 | = | 0.0% |
| Non-recurring operating income | 76A | €14,703 | €0 | -€14,703 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | - | = | |
| Other operating charges | 640/8 | €2,829 | €2,142 | -€687 | -24.3% |
| Non-recurring operating charges | 66A | €680,009 | €0 | -€680,009 | -100.0% |
| Gross operating margin | 9900 | -€2,930 | -€6,812 | -€3,882 | -132.5% |
| Operating profit (loss) | 9901 | -€685,767 | -€8,953 | +€676,814 | +98.7% |
| Financial income | 75/76B | €663,351 | €0 | -€663,351 | -100.0% |
| Recurring financial income | 75 | €663,351 | €0 | -€663,351 | -100.0% |
| Non-recurring financial income | 76B | €663,351 | €0 | -€663,351 | -100.0% |
| Financial charges | 65/66B | €102 | €45 | -€57 | -56.1% |
| Recurring financial charges | 65 | €102 | €45 | -€57 | -56.1% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | -€22,519 | -€8,998 | +€13,521 | +60.0% |
| Profit (loss) for the period | 9904 | -€22,519 | -€8,998 | +€13,521 | +60.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€22,519 | -€8,998 | +€13,521 | +60.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.