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.
SPARK
Largest movements
- Receivables within one year +€31,983
up €31,983 (+120.6%), from €26,515 to €58,497
of which Other amounts receivable: +€33,271
- Cash +€11,501
up €11,501 (+294.3%), from €3,907 to €15,408
mainly Current portion of long-term debt (+€24,394) and Net result for the year (+€16,859)
- Current portion of long-term debt +€24,394
up €24,394 (+914.7%), from €2,667 to €27,061
- Reserves +€16,859
up €16,859 (+84.2%), from €20,025 to €36,884
- Trade debts +€6,109
up €6,109, from €0 to €6,109
- Tax, wage and social debts -€3,646
down €3,646 (-28.9%), from €12,613 to €8,967
of which Taxes: -€3,646
- Gross operating margin -€5,260
down €5,260 (-13.2%), from €39,808 to €34,548
- Taxes +€3,385
up €3,385 (+49.8%), from €6,800 to €10,185
- Financial income +€1,030
up €1,030 (+5300.8%), from €19 to €1,049
- Financial charges +€758
up €758 (+111.7%), from €679 to €1,437
- Depreciation +€430
up €430 (+13.2%), from €3,253 to €3,683
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 | €40,306 | €84,021 | +€43,715 | +108.5% |
| Fixed assets | 21/28 | €9,884 | €9,329 | -€555 | -5.6% |
| Tangible fixed assets | 22/27 | €9,884 | €9,329 | -€555 | -5.6% |
| Plant, machinery and equipment | 23 | €2,379 | €6,227 | +€3,848 | +161.8% |
| Furniture and vehicles | 24 | €5,850 | €3,102 | -€2,749 | -47.0% |
| Other tangible fixed assets | 26 | €1,654 | €0 | -€1,654 | -100.0% |
| Current assets | 29/58 | €30,422 | €74,692 | +€44,270 | +145.5% |
| Amounts receivable within one year | 40/41 | €26,515 | €58,497 | +€31,983 | +120.6% |
| Trade receivables | 40 | €25,873 | €24,585 | -€1,288 | -5.0% |
| Other amounts receivable | 41 | €641 | €33,912 | +€33,271 | +5189.1% |
| Cash at bank and in hand | 54/58 | €3,907 | €15,408 | +€11,501 | +294.3% |
| Deferred charges and accrued income | 490/1 | - | €787 | +€787 | |
| Total equity and liabilities | 10/49 | €40,306 | €84,021 | +€43,715 | +108.5% |
| Equity | 10/15 | €25,025 | €41,884 | +€16,859 | +67.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €20,025 | €36,884 | +€16,859 | +84.2% |
| Distributable reserves | 133 | €20,025 | €36,884 | +€16,859 | +84.2% |
| Amounts payable | 17/49 | €15,280 | €42,137 | +€26,856 | +175.8% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €15,280 | €42,137 | +€26,856 | +175.8% |
| Current portion of amounts payable after more than one year | 42 | €2,667 | €27,061 | +€24,394 | +914.7% |
| Trade debts | 44 | €0 | €6,109 | +€6,109 | |
| Suppliers | 440/4 | €0 | €6,109 | +€6,109 | |
| Taxes, remuneration and social security | 45 | €12,613 | €8,967 | -€3,646 | -28.9% |
| Taxes | 450/3 | €12,613 | €8,967 | -€3,646 | -28.9% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,253 | €3,683 | +€430 | +13.2% |
| Other operating charges | 640/8 | €1,354 | €1,000 | -€354 | -26.1% |
| Non-recurring operating charges | 66A | €11,873 | €2,432 | -€9,441 | -79.5% |
| Gross operating margin | 9900 | €39,808 | €34,548 | -€5,260 | -13.2% |
| Operating profit (loss) | 9901 | €23,327 | €27,432 | +€4,105 | +17.6% |
| Financial income | 75/76B | €19 | €1,049 | +€1,030 | +5300.8% |
| Recurring financial income | 75 | €19 | €1,049 | +€1,030 | +5300.8% |
| Financial charges | 65/66B | €679 | €1,437 | +€758 | +111.7% |
| Recurring financial charges | 65 | €679 | €1,437 | +€758 | +111.7% |
| Profit (loss) for the period before taxes | 9903 | €22,667 | €27,044 | +€4,376 | +19.3% |
| Income taxes | 67/77 | €6,800 | €10,185 | +€3,385 | +49.8% |
| Profit (loss) for the period | 9904 | €15,868 | €16,859 | +€991 | +6.2% |
| Profit (loss) for the period to be appropriated | 9905 | €15,868 | €16,859 | +€991 | +6.2% |
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.