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 -€29,771
down €29,771 (-45.6%), from €65,245 to €35,475
of which Trade receivables: -€22,433
- Cash -€27,860
down €27,860 (-88.3%), from €31,545 to €3,685
mainly Trade debts (-€49,154) and Other debts (-€17,888)
- Intangible fixed assets -€5,358
down €5,358 (-52.2%), from €10,259 to €4,901
- Trade debts -€49,154
down €49,154 (-98.9%), from €49,718 to €564
- Other debts -€17,888
down €17,888 (-35.9%), from €49,888 to €32,000
- Reserves +€2,646
up €2,646 (+210.5%), from €1,257 to €3,904
- Tax, wage and social debts +€1,235
up €1,235 (+91.4%), from €1,352 to €2,587
- Staff costs -€650
no longer reported in 2024 (was €650)
- Depreciation -€458
down €458 (-7.9%), from €5,816 to €5,358
- Other operating charges -€156
down €156 (-26.1%), from €597 to €441
- Gross operating margin +€106
up €106 (+1.1%), from €9,634 to €9,740
- Taxes -€106
down €106 (-7.9%), from €1,341 to €1,235
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 | €107,215 | €44,060 | -€63,155 | -58.9% |
| Fixed assets | 21/28 | €10,259 | €4,901 | -€5,358 | -52.2% |
| Intangible fixed assets | 21 | €10,259 | €4,901 | -€5,358 | -52.2% |
| Current assets | 29/58 | €96,956 | €39,160 | -€57,796 | -59.6% |
| Amounts receivable within one year | 40/41 | €65,245 | €35,475 | -€29,771 | -45.6% |
| Trade receivables | 40 | €57,682 | €35,249 | -€22,433 | -38.9% |
| Other amounts receivable | 41 | €7,563 | €226 | -€7,338 | -97.0% |
| Cash at bank and in hand | 54/58 | €31,545 | €3,685 | -€27,860 | -88.3% |
| Deferred charges and accrued income | 490/1 | €166 | - | -€166 | |
| Total equity and liabilities | 10/49 | €107,215 | €44,060 | -€63,155 | -58.9% |
| Equity | 10/15 | €6,257 | €8,904 | +€2,646 | +42.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €1,257 | €3,904 | +€2,646 | +210.5% |
| Distributable reserves | 133 | €1,257 | €3,904 | +€2,646 | +210.5% |
| Amounts payable | 17/49 | €100,958 | €35,157 | -€65,801 | -65.2% |
| Amounts payable within one year | 42/48 | €100,958 | €35,151 | -€65,807 | -65.2% |
| Trade debts | 44 | €49,718 | €564 | -€49,154 | -98.9% |
| Suppliers | 440/4 | €49,718 | €564 | -€49,154 | -98.9% |
| Taxes, remuneration and social security | 45 | €1,352 | €2,587 | +€1,235 | +91.4% |
| Taxes | 450/3 | €1,352 | €2,587 | +€1,235 | +91.4% |
| Other amounts payable | 47/48 | €49,888 | €32,000 | -€17,888 | -35.9% |
| Accrued charges and deferred income | 492/3 | - | €6 | +€6 | |
| Remuneration, social security and pensions | 62 | €650 | - | -€650 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,816 | €5,358 | -€458 | -7.9% |
| Other operating charges | 640/8 | €597 | €441 | -€156 | -26.1% |
| Gross operating margin | 9900 | €9,634 | €9,740 | +€106 | +1.1% |
| Operating profit (loss) | 9901 | €2,571 | €3,940 | +€1,369 | +53.2% |
| Financial income | 75/76B | €85 | €2 | -€83 | -98.0% |
| Recurring financial income | 75 | €85 | €2 | -€83 | -98.0% |
| Financial charges | 65/66B | €58 | €60 | +€2 | +3.7% |
| Recurring financial charges | 65 | €58 | €60 | +€2 | +3.7% |
| Profit (loss) for the period before taxes | 9903 | €2,598 | €3,881 | +€1,283 | +49.4% |
| Income taxes | 67/77 | €1,341 | €1,235 | -€106 | -7.9% |
| Profit (loss) for the period | 9904 | €1,257 | €2,646 | +€1,389 | +110.5% |
| Profit (loss) for the period to be appropriated | 9905 | €1,257 | €2,646 | +€1,389 | +110.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.