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.
SPARK
Largest movements
- Receivables within one year +€159,546
up €159,546 (+45.6%), from €349,844 to €509,390
of which Trade receivables: +€154,838
- Stocks and contracts -€130,000
down €130,000 (-53.4%), from €243,580 to €113,580
- Cash -€47,948
down €47,948 (-65.2%), from €73,520 to €25,572
mainly Receivables within one year (-€159,546) and Tax, wage and social debts (-€44,576)
- Tax, wage and social debts -€44,576
down €44,576 (-68.0%), from €65,599 to €21,023
of which Remuneration and social security: -€50,871
- Trade debts +€24,680
up €24,680 (+26.4%), from €93,587 to €118,267
- Debts after one year -€23,084
down €23,084 (-11.2%), from €205,713 to €182,629
- Profit (loss) carried forward +€17,023
up €17,023 (+5.5%), from €311,091 to €328,113
- Gross operating margin -€276,181
down €276,181 (-64.9%), from €425,243 to €149,062
- Staff costs -€193,505
down €193,505 (-69.2%), from €279,541 to €86,035
- Other operating charges -€62,344
down €62,344 (-89.4%), from €69,748 to €7,404
- Depreciation -€11,142
down €11,142 (-37.6%), from €29,633 to €18,491
- Financial charges +€6,393
up €6,393 (+76.9%), from €8,308 to €14,701
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,094,926 | €1,067,470 | -€27,456 | -2.5% |
| Fixed assets | 21/28 | €422,028 | €411,404 | -€10,624 | -2.5% |
| Tangible fixed assets | 22/27 | €422,028 | €411,404 | -€10,624 | -2.5% |
| Land and buildings | 22 | €416,702 | €403,279 | -€13,423 | -3.2% |
| Plant, machinery and equipment | 23 | €1,355 | €1,104 | -€250 | -18.5% |
| Furniture and vehicles | 24 | €3,971 | €7,021 | +€3,050 | +76.8% |
| Current assets | 29/58 | €672,898 | €656,066 | -€16,832 | -2.5% |
| Stocks and contracts in progress | 3 | €243,580 | €113,580 | -€130,000 | -53.4% |
| Stocks | 30/36 | €243,580 | €113,580 | -€130,000 | -53.4% |
| Amounts receivable within one year | 40/41 | €349,844 | €509,390 | +€159,546 | +45.6% |
| Trade receivables | 40 | €254,210 | €409,048 | +€154,838 | +60.9% |
| Other amounts receivable | 41 | €95,634 | €100,342 | +€4,708 | +4.9% |
| Current investments | 50/53 | €5,065 | €5,065 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €73,520 | €25,572 | -€47,948 | -65.2% |
| Deferred charges and accrued income | 490/1 | €889 | €2,459 | +€1,570 | +176.6% |
| Total equity and liabilities | 10/49 | €1,094,926 | €1,067,470 | -€27,456 | -2.5% |
| Equity | 10/15 | €703,112 | €720,135 | +€17,023 | +2.4% |
| Contributions | 10/11 | €93,332 | €93,332 | = | 0.0% |
| Capital | 10 | €93,332 | €93,332 | = | 0.0% |
| Issued capital | 100 | €93,332 | €93,332 | = | 0.0% |
| Reserves | 13 | €269,679 | €269,679 | = | 0.0% |
| Non-distributable reserves | 130/1 | €9,382 | €9,382 | = | 0.0% |
| Legal reserve | 130 | €9,333 | €9,333 | = | 0.0% |
| Other | 1319 | €48 | €48 | = | 0.0% |
| Distributable reserves | 133 | €260,297 | €260,297 | = | 0.0% |
| Profit (loss) carried forward | 14 | €311,091 | €328,113 | +€17,023 | +5.5% |
| Investment grants | 15 | €29,011 | €29,011 | = | 0.0% |
| Provisions and deferred taxes | 16 | €435 | €435 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €435 | €435 | = | 0.0% |
| Other liabilities and charges | 164/5 | €435 | €435 | = | 0.0% |
| Amounts payable | 17/49 | €391,379 | €346,900 | -€44,479 | -11.4% |
| Amounts payable after more than one year | 17 | €205,713 | €182,629 | -€23,084 | -11.2% |
| Financial debts | 170/4 | €205,713 | €182,629 | -€23,084 | -11.2% |
| Amounts payable within one year | 42/48 | €185,666 | €164,271 | -€21,394 | -11.5% |
| Current portion of amounts payable after more than one year | 42 | €24,263 | €24,982 | +€719 | +3.0% |
| Financial debts | 43 | €2,217 | - | -€2,217 | |
| Credit institutions | 430/8 | €2,217 | - | -€2,217 | |
| Trade debts | 44 | €93,587 | €118,267 | +€24,680 | +26.4% |
| Suppliers | 440/4 | €93,587 | €118,267 | +€24,680 | +26.4% |
| Taxes, remuneration and social security | 45 | €65,599 | €21,023 | -€44,576 | -68.0% |
| Taxes | 450/3 | €7,278 | €13,572 | +€6,294 | +86.5% |
| Remuneration and social security | 454/9 | €58,322 | €7,451 | -€50,871 | -87.2% |
| Remuneration, social security and pensions | 62 | €279,541 | €86,035 | -€193,505 | -69.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,633 | €18,491 | -€11,142 | -37.6% |
| Other operating charges | 640/8 | €69,748 | €7,404 | -€62,344 | -89.4% |
| Non-recurring operating charges | 66A | €2,866 | - | -€2,866 | |
| Gross operating margin | 9900 | €425,243 | €149,062 | -€276,181 | -64.9% |
| Operating profit (loss) | 9901 | €43,455 | €37,131 | -€6,323 | -14.6% |
| Financial income | 75/76B | €562 | €489 | -€73 | -13.0% |
| Recurring financial income | 75 | €562 | €489 | -€73 | -13.0% |
| Financial charges | 65/66B | €8,308 | €14,701 | +€6,393 | +76.9% |
| Recurring financial charges | 65 | €8,308 | €14,701 | +€6,393 | +76.9% |
| Profit (loss) for the period before taxes | 9903 | €35,709 | €22,920 | -€12,789 | -35.8% |
| Income taxes | 67/77 | - | €5,897 | +€5,897 | |
| Profit (loss) for the period | 9904 | €35,709 | €17,023 | -€18,687 | -52.3% |
| Profit (loss) for the period to be appropriated | 9905 | €35,709 | €17,023 | -€18,687 | -52.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.