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
- Financial fixed assets +€87,750
new in 2025: €87,750
- Tangible fixed assets +€25,947
up €25,947 (+3730.7%), from €695 to €26,642
- Cash -€10,782
down €10,782 (-60.8%), from €17,725 to €6,942
mainly Investment in fixed assets (net) (-€117,143) and Receivables within one year (-€5,424)
- Receivables within one year +€5,424
up €5,424 (+114.2%), from €4,751 to €10,175
- Debts after one year +€58,227
new in 2025: €58,227
- Other debts +€28,500
up €28,500 (+623.8%), from €4,569 to €33,069
- Reserves +€12,119
up €12,119 (+124.9%), from €9,701 to €21,820
- Current portion of long-term debt +€9,049
new in 2025: €9,049
- Gross operating margin +€4,986
up €4,986 (+32.4%), from €15,392 to €20,378
- Depreciation +€1,796
up €1,796 (+108.8%), from €1,651 to €3,446
- Financial charges +€930
up €930 (+6197.3%), from €15 to €945
- Taxes -€288
down €288 (-7.9%), from €3,638 to €3,349
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 | €23,204 | €132,240 | +€109,036 | +469.9% |
| Fixed assets | 21/28 | €695 | €114,392 | +€113,697 | +16347.7% |
| Tangible fixed assets | 22/27 | €695 | €26,642 | +€25,947 | +3730.7% |
| Furniture and vehicles | 24 | €695 | €26,642 | +€25,947 | +3730.7% |
| Financial fixed assets | 28 | - | €87,750 | +€87,750 | |
| Current assets | 29/58 | €22,509 | €17,848 | -€4,661 | -20.7% |
| Amounts receivable within one year | 40/41 | €4,751 | €10,175 | +€5,424 | +114.2% |
| Trade receivables | 40 | €4,751 | €10,175 | +€5,424 | +114.2% |
| Cash at bank and in hand | 54/58 | €17,725 | €6,942 | -€10,782 | -60.8% |
| Deferred charges and accrued income | 490/1 | €33 | €731 | +€697 | +2085.0% |
| Total equity and liabilities | 10/49 | €23,204 | €132,240 | +€109,036 | +469.9% |
| Equity | 10/15 | €12,201 | €24,320 | +€12,119 | +99.3% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €9,701 | €21,820 | +€12,119 | +124.9% |
| Distributable reserves | 133 | €9,701 | €21,820 | +€12,119 | +124.9% |
| Amounts payable | 17/49 | €11,003 | €107,920 | +€96,917 | +880.8% |
| Amounts payable after more than one year | 17 | - | €58,227 | +€58,227 | |
| Financial debts | 170/4 | - | €58,227 | +€58,227 | |
| Amounts payable within one year | 42/48 | €11,003 | €49,693 | +€38,690 | +351.6% |
| Current portion of amounts payable after more than one year | 42 | - | €9,049 | +€9,049 | |
| Trade debts | 44 | - | €163 | +€163 | |
| Suppliers | 440/4 | - | €163 | +€163 | |
| Taxes, remuneration and social security | 45 | €6,435 | €7,412 | +€977 | +15.2% |
| Taxes | 450/3 | €6,435 | €7,412 | +€977 | +15.2% |
| Other amounts payable | 47/48 | €4,569 | €33,069 | +€28,500 | +623.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,651 | €3,446 | +€1,796 | +108.8% |
| Other operating charges | 640/8 | €387 | €519 | +€131 | +33.9% |
| Gross operating margin | 9900 | €15,392 | €20,378 | +€4,986 | +32.4% |
| Operating profit (loss) | 9901 | €13,354 | €16,413 | +€3,059 | +22.9% |
| Financial charges | 65/66B | €15 | €945 | +€930 | +6197.3% |
| Recurring financial charges | 65 | €15 | €945 | +€930 | +6197.3% |
| Profit (loss) for the period before taxes | 9903 | €13,339 | €15,468 | +€2,129 | +16.0% |
| Income taxes | 67/77 | €3,638 | €3,349 | -€288 | -7.9% |
| Profit (loss) for the period | 9904 | €9,701 | €12,119 | +€2,418 | +24.9% |
| Profit (loss) for the period to be appropriated | 9905 | €9,701 | €12,119 | +€2,418 | +24.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.