SPARCS: 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.
SPARCS
Largest movements
- Financial fixed assets +€31,200
up €31,200 (+15.1%), from €206,432 to €237,632
- Cash +€10,896
up €10,896 (+10.4%), from €104,391 to €115,287
mainly Net result for the year (+€47,412) and Receivables within one year (+€4,436)
- Deferred charges and accrued income +€5,896
up €5,896 (+263.5%), from €2,238 to €8,134
- Receivables within one year -€4,436
down €4,436 (-12.7%), from €34,996 to €30,560
of which Trade receivables: -€2,583
- Reserves +€47,412
up €47,412 (+14.4%), from €328,640 to €376,052
of which Distributable reserves: +€47,412
- Gross operating margin +€21,679
up €21,679 (+43.7%), from €49,660 to €71,339
- Financial income -€13,826
down €13,826 (-96.1%), from €14,392 to €567
of which Non-recurring financial income: -€13,000
- Taxes +€3,017
up €3,017 (+19.3%), from €15,647 to €18,664
- Financial charges -€2,620
down €2,620 (-91.7%), from €2,858 to €238
- Staff costs -€1,256
down €1,256 (-50.2%), from €2,504 to €1,248
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 | €355,013 | €399,348 | +€44,335 | +12.5% |
| Fixed assets | 21/28 | €213,388 | €245,367 | +€31,979 | +15.0% |
| Tangible fixed assets | 22/27 | €6,956 | €7,735 | +€779 | +11.2% |
| Plant, machinery and equipment | 23 | €2,889 | €2,105 | -€783 | -27.1% |
| Furniture and vehicles | 24 | €4,068 | €5,630 | +€1,562 | +38.4% |
| Financial fixed assets | 28 | €206,432 | €237,632 | +€31,200 | +15.1% |
| Current assets | 29/58 | €141,625 | €153,981 | +€12,356 | +8.7% |
| Amounts receivable within one year | 40/41 | €34,996 | €30,560 | -€4,436 | -12.7% |
| Trade receivables | 40 | €33,143 | €30,560 | -€2,583 | -7.8% |
| Other amounts receivable | 41 | €1,853 | €0 | -€1,853 | -100.0% |
| Cash at bank and in hand | 54/58 | €104,391 | €115,287 | +€10,896 | +10.4% |
| Deferred charges and accrued income | 490/1 | €2,238 | €8,134 | +€5,896 | +263.5% |
| Total equity and liabilities | 10/49 | €355,013 | €399,348 | +€44,335 | +12.5% |
| Equity | 10/15 | €334,840 | €382,252 | +€47,412 | +14.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €328,640 | €376,052 | +€47,412 | +14.4% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €328,640 | €376,052 | +€47,412 | +14.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €20,173 | €17,096 | -€3,077 | -15.3% |
| Amounts payable within one year | 42/48 | €20,173 | €17,066 | -€3,107 | -15.4% |
| Trade debts | 44 | €83 | €104 | +€21 | +25.3% |
| Suppliers | 440/4 | €83 | €104 | +€21 | +25.3% |
| Taxes, remuneration and social security | 45 | €18,055 | €16,678 | -€1,378 | -7.6% |
| Taxes | 450/3 | €15,761 | €14,384 | -€1,378 | -8.7% |
| Remuneration and social security | 454/9 | €2,294 | €2,294 | = | 0.0% |
| Other amounts payable | 47/48 | €2,035 | €284 | -€1,751 | -86.0% |
| Accrued charges and deferred income | 492/3 | - | €30 | +€30 | |
| Remuneration, social security and pensions | 62 | €2,504 | €1,248 | -€1,256 | -50.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,909 | €3,094 | +€1,186 | +62.1% |
| Other operating charges | 640/8 | €1,341 | €1,249 | -€92 | -6.8% |
| Gross operating margin | 9900 | €49,660 | €71,339 | +€21,679 | +43.7% |
| Operating profit (loss) | 9901 | €43,906 | €65,747 | +€21,841 | +49.7% |
| Financial income | 75/76B | €14,392 | €567 | -€13,826 | -96.1% |
| Recurring financial income | 75 | €1,392 | €567 | -€826 | -59.3% |
| Non-recurring financial income | 76B | €13,000 | €0 | -€13,000 | -100.0% |
| Financial charges | 65/66B | €2,858 | €238 | -€2,620 | -91.7% |
| Recurring financial charges | 65 | €2,858 | €238 | -€2,620 | -91.7% |
| Profit (loss) for the period before taxes | 9903 | €55,440 | €66,076 | +€10,636 | +19.2% |
| Income taxes | 67/77 | €15,647 | €18,664 | +€3,017 | +19.3% |
| Profit (loss) for the period | 9904 | €39,793 | €47,412 | +€7,619 | +19.1% |
| Profit (loss) for the period to be appropriated | 9905 | €39,793 | €47,412 | +€7,619 | +19.1% |
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.