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
- Current investments +€22,995
new in 2025: €22,995
- Receivables within one year -€19,825
down €19,825 (-28.7%), from €69,145 to €49,320
of which Trade receivables: -€23,502
- Deferred charges and accrued income -€3,109
down €3,109 (-25.0%), from €12,436 to €9,327
- Tangible fixed assets +€2,840
up €2,840 (+60.2%), from €4,718 to €7,558
of which Furniture and vehicles: +€2,762
- Other debts +€46,950
new in 2025: €46,950
- Reserves -€28,054
down €28,054 (-26.7%), from €105,176 to €77,122
- Trade debts -€21,472
down €21,472 (-86.9%), from €24,718 to €3,246
- Tax, wage and social debts +€6,999
up €6,999 (+46.7%), from €15,003 to €22,002
- Gross operating margin +€20,372
up €20,372 (+52.5%), from €38,769 to €59,140
- Taxes +€4,888
up €4,888 (+61.3%), from €7,971 to €12,859
- Depreciation -€4,875
down €4,875 (-48.3%), from €10,092 to €5,216
- Other operating charges +€813
up €813 (+201.1%), from €404 to €1,218
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 | €147,897 | €152,320 | +€4,423 | +3.0% |
| Fixed assets | 21/28 | €4,918 | €7,758 | +€2,840 | +57.7% |
| Tangible fixed assets | 22/27 | €4,718 | €7,558 | +€2,840 | +60.2% |
| Plant, machinery and equipment | 23 | €3,140 | €3,218 | +€78 | +2.5% |
| Furniture and vehicles | 24 | €1,578 | €4,339 | +€2,762 | +175.1% |
| Financial fixed assets | 28 | €200 | €200 | = | 0.0% |
| Current assets | 29/58 | €142,979 | €144,562 | +€1,583 | +1.1% |
| Amounts receivable within one year | 40/41 | €69,145 | €49,320 | -€19,825 | -28.7% |
| Trade receivables | 40 | €41,951 | €18,449 | -€23,502 | -56.0% |
| Other amounts receivable | 41 | €27,194 | €30,871 | +€3,676 | +13.5% |
| Current investments | 50/53 | - | €22,995 | +€22,995 | |
| Cash at bank and in hand | 54/58 | €61,398 | €62,921 | +€1,523 | +2.5% |
| Deferred charges and accrued income | 490/1 | €12,436 | €9,327 | -€3,109 | -25.0% |
| Total equity and liabilities | 10/49 | €147,897 | €152,320 | +€4,423 | +3.0% |
| Equity | 10/15 | €108,176 | €80,122 | -€28,054 | -25.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €105,176 | €77,122 | -€28,054 | -26.7% |
| Distributable reserves | 133 | €105,176 | €77,122 | -€28,054 | -26.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €39,720 | €72,198 | +€32,477 | +81.8% |
| Amounts payable within one year | 42/48 | €39,720 | €72,198 | +€32,477 | +81.8% |
| Trade debts | 44 | €24,718 | €3,246 | -€21,472 | -86.9% |
| Suppliers | 440/4 | €24,718 | €3,246 | -€21,472 | -86.9% |
| Taxes, remuneration and social security | 45 | €15,003 | €22,002 | +€6,999 | +46.7% |
| Taxes | 450/3 | €15,003 | €22,002 | +€6,999 | +46.7% |
| Other amounts payable | 47/48 | - | €46,950 | +€46,950 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,092 | €5,216 | -€4,875 | -48.3% |
| Other operating charges | 640/8 | €404 | €1,218 | +€813 | +201.1% |
| Gross operating margin | 9900 | €38,769 | €59,140 | +€20,372 | +52.5% |
| Operating profit (loss) | 9901 | €28,272 | €52,706 | +€24,434 | +86.4% |
| Financial income | 75/76B | €2,118 | €2,665 | +€547 | +25.8% |
| Recurring financial income | 75 | €2,118 | €2,665 | +€547 | +25.8% |
| Financial charges | 65/66B | €240 | €566 | +€326 | +135.6% |
| Recurring financial charges | 65 | €240 | €566 | +€326 | +135.6% |
| Profit (loss) for the period before taxes | 9903 | €30,150 | €54,805 | +€24,655 | +81.8% |
| Income taxes | 67/77 | €7,971 | €12,859 | +€4,888 | +61.3% |
| Profit (loss) for the period | 9904 | €22,179 | €41,946 | +€19,767 | +89.1% |
| Profit (loss) for the period to be appropriated | 9905 | €22,179 | €41,946 | +€19,767 | +89.1% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.