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 -€50,875
down €50,875 (-11.6%), from €439,973 to €389,098
of which Trade receivables: -€48,079
- Cash +€43,119
up €43,119 (+85.4%), from €50,485 to €93,604
mainly Receivables within one year (+€50,875) and Net result for the year (+€2,884)
- Tangible fixed assets +€5,012
new in 2026: €5,012
No liability line moved by more than 1% of the balance sheet total.
- Other operating charges +€3,519
up €3,519 (+30.4%), from €11,592 to €15,111
- Depreciation -€2,415
down €2,415 (-49.1%), from €4,921 to €2,506
- Gross operating margin +€2,145
up €2,145 (+1.4%), from €157,048 to €159,194
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €490,459 | €487,714 | -€2,744 | -0.6% |
| Fixed assets | 21/28 | - | €5,012 | +€5,012 | |
| Tangible fixed assets | 22/27 | - | €5,012 | +€5,012 | |
| Furniture and vehicles | 24 | - | €5,012 | +€5,012 | |
| Current assets | 29/58 | €490,459 | €482,702 | -€7,757 | -1.6% |
| Amounts receivable within one year | 40/41 | €439,973 | €389,098 | -€50,875 | -11.6% |
| Trade receivables | 40 | €436,056 | €387,976 | -€48,079 | -11.0% |
| Other amounts receivable | 41 | €3,918 | €1,122 | -€2,796 | -71.4% |
| Cash at bank and in hand | 54/58 | €50,485 | €93,604 | +€43,119 | +85.4% |
| Total equity and liabilities | 10/49 | €490,459 | €487,714 | -€2,744 | -0.6% |
| Equity | 10/15 | €104,309 | €107,194 | +€2,884 | +2.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €85,709 | €88,594 | +€2,884 | +3.4% |
| Distributable reserves | 133 | €85,709 | €88,594 | +€2,884 | +3.4% |
| Amounts payable | 17/49 | €386,149 | €380,520 | -€5,629 | -1.5% |
| Amounts payable within one year | 42/48 | €386,149 | €380,520 | -€5,629 | -1.5% |
| Trade debts | 44 | €352,212 | €350,147 | -€2,065 | -0.6% |
| Suppliers | 440/4 | €352,212 | €350,147 | -€2,065 | -0.6% |
| Taxes, remuneration and social security | 45 | €33,937 | €30,373 | -€3,564 | -10.5% |
| Taxes | 450/3 | €9,717 | €5,837 | -€3,880 | -39.9% |
| Remuneration and social security | 454/9 | €24,220 | €24,536 | +€316 | +1.3% |
| Remuneration, social security and pensions | 62 | €135,991 | €137,421 | +€1,431 | +1.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,921 | €2,506 | -€2,415 | -49.1% |
| Other operating charges | 640/8 | €11,592 | €15,111 | +€3,519 | +30.4% |
| Gross operating margin | 9900 | €157,048 | €159,194 | +€2,145 | +1.4% |
| Operating profit (loss) | 9901 | €4,544 | €4,156 | -€389 | -8.6% |
| Financial income | 75/76B | €1,406 | €1,521 | +€115 | +8.2% |
| Recurring financial income | 75 | €1,406 | €1,521 | +€115 | +8.2% |
| Financial charges | 65/66B | €81 | €286 | +€204 | +251% |
| Recurring financial charges | 65 | €81 | €286 | +€204 | +251% |
| Profit (loss) for the period before taxes | 9903 | €5,869 | €5,391 | -€478 | -8.1% |
| Income taxes | 67/77 | €2,738 | €2,506 | -€232 | -8.5% |
| Profit (loss) for the period | 9904 | €3,130 | €2,884 | -€246 | -7.9% |
| Profit (loss) for the period to be appropriated | 9905 | €3,130 | €2,884 | -€246 | -7.9% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.