SPARAGUS: 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.
SPARAGUS
Largest movements
- Receivables within one year +€1.0m
up €1.0m (+55.0%), from €1.9m to €2.9m
of which Trade receivables: +€1.0m
- Deferred charges and accrued income +€248,586
up €248,586 (+988%), from €25,171 to €273,757
- Cash -€118,895
down €118,895 (-36.8%), from €322,895 to €204,000
mainly Receivables within one year (-€1.0m) and Deferred charges and accrued income (-€248,586)
- Short-term financial debts +€639,119
up €639,119 (+86.8%), from €736,599 to €1.4m
- Reserves +€243,841
up €243,841 (+63.3%), from €385,423 to €629,264
- Trade debts +€134,294
up €134,294 (+14.9%), from €900,350 to €1.0m
- Tax, wage and social debts +€97,923
up €97,923 (+56.7%), from €172,852 to €270,775
of which Remuneration and social security: +€51,635
- Gross operating margin +€578,118
up €578,118 (+71.7%), from €805,750 to €1.4m
- Staff costs +€402,754
up €402,754 (+71.7%), from €561,364 to €964,119
- Taxes +€32,836
up €32,836 (+50.2%), from €65,347 to €98,183
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 | €2,227,284 | €3,366,601 | +€1.1m | +51.2% |
| Fixed assets | 21/28 | €27,503 | €18,928 | -€8,575 | -31.2% |
| Intangible fixed assets | 21 | €6,382 | €4,601 | -€1,782 | -27.9% |
| Tangible fixed assets | 22/27 | €21,121 | €14,327 | -€6,793 | -32.2% |
| Plant, machinery and equipment | 23 | - | €1,540 | +€1,540 | |
| Furniture and vehicles | 24 | €21,121 | €12,787 | -€8,333 | -39.5% |
| Current assets | 29/58 | €2,199,781 | €3,347,673 | +€1.1m | +52.2% |
| Amounts receivable within one year | 40/41 | €1,851,716 | €2,869,917 | +€1.0m | +55.0% |
| Trade receivables | 40 | €1,825,839 | €2,834,254 | +€1.0m | +55.2% |
| Other amounts receivable | 41 | €25,877 | €35,663 | +€9,787 | +37.8% |
| Cash at bank and in hand | 54/58 | €322,895 | €204,000 | -€118,895 | -36.8% |
| Deferred charges and accrued income | 490/1 | €25,171 | €273,757 | +€248,586 | +988% |
| Total equity and liabilities | 10/49 | €2,227,284 | €3,366,601 | +€1.1m | +51.2% |
| Equity | 10/15 | €391,623 | €635,464 | +€243,841 | +62.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €385,423 | €629,264 | +€243,841 | +63.3% |
| Distributable reserves | 133 | €385,423 | €629,264 | +€243,841 | +63.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €1,835,661 | €2,731,137 | +€895,476 | +48.8% |
| Amounts payable within one year | 42/48 | €1,835,661 | €2,731,137 | +€895,476 | +48.8% |
| Financial debts | 43 | €736,599 | €1,375,718 | +€639,119 | +86.8% |
| Credit institutions | 430/8 | €736,599 | €1,375,718 | +€639,119 | +86.8% |
| Trade debts | 44 | €900,350 | €1,034,644 | +€134,294 | +14.9% |
| Suppliers | 440/4 | €900,350 | €1,034,644 | +€134,294 | +14.9% |
| Taxes, remuneration and social security | 45 | €172,852 | €270,775 | +€97,923 | +56.7% |
| Taxes | 450/3 | €91,793 | €138,081 | +€46,288 | +50.4% |
| Remuneration and social security | 454/9 | €81,059 | €132,694 | +€51,635 | +63.7% |
| Other amounts payable | 47/48 | €25,860 | €50,000 | +€24,140 | +93.4% |
| Non-recurring operating income | 76A | €14,007 | €0 | -€14,007 | -100% |
| Remuneration, social security and pensions | 62 | €561,364 | €964,119 | +€402,754 | +71.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,202 | €13,004 | -€1,197 | -8.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €7,800 | €3,493 | -€4,308 | -55.2% |
| Gross operating margin | 9900 | €805,750 | €1,383,868 | +€578,118 | +71.7% |
| Operating profit (loss) | 9901 | €222,384 | €403,252 | +€180,868 | +81.3% |
| Financial income | 75/76B | €270 | €996 | +€726 | +268% |
| Recurring financial income | 75 | €270 | €996 | +€726 | +268% |
| Financial charges | 65/66B | €13,567 | €12,224 | -€1,343 | -9.9% |
| Recurring financial charges | 65 | €13,567 | €12,224 | -€1,343 | -9.9% |
| Profit (loss) for the period before taxes | 9903 | €209,088 | €392,024 | +€182,937 | +87.5% |
| Income taxes | 67/77 | €65,347 | €98,183 | +€32,836 | +50.2% |
| Profit (loss) for the period | 9904 | €143,741 | €293,841 | +€150,100 | +104% |
| Profit (loss) for the period to be appropriated | 9905 | €143,741 | €293,841 | +€150,100 | +104% |
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 16 October 2026 via checked.be.