SPARK ADVIES: what changed
What changed
SPARK ADVIES
filed annual accounts (NBB)
Net result for the year
-€3,739
2024 · €5,450-€9,189
Equity
€837,650
2024 · €74,489+€763,161
Cash
-
not filed
Balance sheet total
€2.0m
2024 · €104,961+€1.9m
Largest movements
Assets
- Financial fixed assets +€1.9m
up €1.9m (+62,481%), from €3,100 to €1.9m
- Receivables within one year -€56,422
down €56,422 (-80.2%), from €70,323 to €13,901
of which Other amounts receivable: -€70,323
Equity and liabilities
- Debts after one year +€1.0m
new in 2025: €1.0m
- Revaluation surpluses +€766,900
new in 2025: €766,900
- Other debts +€36,185
new in 2025: €36,185
- Current portion of long-term debt +€30,225
new in 2025: €30,225
Income statement
- Financial charges +€25,294
up €25,294 (+1,056%), from €2,396 to €27,690
- Gross operating margin +€18,437
up €18,437 (+103%), from €17,950 to €36,388
- Financial income -€4,801
down €4,801 (-99.9%), from €4,804 to €3
- Taxes -€2,974
down €2,974 (-55.4%), from €5,368 to €2,394
- Depreciation +€614
up €614 (+8.6%), from €7,151 to €7,765
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€5,450
Gross operating margin
+€18,437
Depreciation
-€614
Other operating charges
+€108
Financial income
-€4,801
Financial charges
-€25,294
Taxes
+€2,974
Result 2025
-€3,739
raises the resultlowers the result
Derived cash bridge
Cash or the result is not a separate line in both sets of accounts. So the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €104,961 | €1,975,773 | +€1.9m | +1,782% |
| Fixed assets | 21/28 | €29,833 | €1,961,766 | +€1.9m | +6,476% |
| Tangible fixed assets | 22/27 | €26,733 | €21,766 | -€4,967 | -18.6% |
| Plant, machinery and equipment | 23 | €21,098 | €18,715 | -€2,383 | -11.3% |
| Furniture and vehicles | 24 | €2,168 | €1,318 | -€851 | -39.2% |
| Other tangible fixed assets | 26 | €3,467 | €1,734 | -€1,734 | -50.0% |
| Financial fixed assets | 28 | €3,100 | €1,940,000 | +€1.9m | +62,481% |
| Current assets | 29/58 | €75,127 | €14,007 | -€61,120 | -81.4% |
| Amounts receivable within one year | 40/41 | €70,323 | €13,901 | -€56,422 | -80.2% |
| Trade receivables | 40 | - | €13,901 | +€13,901 | |
| Other amounts receivable | 41 | €70,323 | - | -€70,323 | |
| Current investments | 50/53 | - | €106 | +€106 | |
| Deferred charges and accrued income | 490/1 | €4,804 | - | -€4,804 | |
| Total equity and liabilities | 10/49 | €104,961 | €1,975,773 | +€1.9m | +1,782% |
| Equity | 10/15 | €74,489 | €837,650 | +€763,161 | +1,025% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Revaluation surpluses | 12 | - | €766,900 | +€766,900 | |
| Reserves | 13 | €55,939 | €55,939 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €54,080 | €54,080 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€3,739 | -€3,739 | |
| Amounts payable | 17/49 | €30,471 | €1,138,123 | +€1.1m | +3,635% |
| Amounts payable after more than one year | 17 | - | €1,030,000 | +€1.0m | |
| Financial debts | 170/4 | - | €1,030,000 | +€1.0m | |
| Amounts payable within one year | 42/48 | €28,971 | €108,123 | +€79,152 | +273% |
| Current portion of amounts payable after more than one year | 42 | - | €30,225 | +€30,225 | |
| Financial debts | 43 | €15,177 | €13,668 | -€1,509 | -9.9% |
| Credit institutions | 430/8 | €15,177 | €13,668 | -€1,509 | -9.9% |
| Trade debts | 44 | €5,938 | €17,794 | +€11,857 | +200% |
| Suppliers | 440/4 | €5,938 | €17,794 | +€11,857 | +200% |
| Taxes, remuneration and social security | 45 | €7,857 | €10,251 | +€2,394 | +30.5% |
| Taxes | 450/3 | €7,857 | €10,251 | +€2,394 | +30.5% |
| Other amounts payable | 47/48 | - | €36,185 | +€36,185 | |
| Accrued charges and deferred income | 492/3 | €1,500 | - | -€1,500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,151 | €7,765 | +€614 | +8.6% |
| Other operating charges | 640/8 | €2,388 | €2,280 | -€108 | -4.5% |
| Gross operating margin | 9900 | €17,950 | €36,388 | +€18,437 | +103% |
| Operating profit (loss) | 9901 | €8,410 | €26,342 | +€17,932 | +213% |
| Financial income | 75/76B | €4,804 | €3 | -€4,801 | -99.9% |
| Recurring financial income | 75 | €4,804 | €3 | -€4,801 | -99.9% |
| Financial charges | 65/66B | €2,396 | €27,690 | +€25,294 | +1,056% |
| Recurring financial charges | 65 | €2,396 | €27,690 | +€25,294 | +1,056% |
| Profit (loss) for the period before taxes | 9903 | €10,818 | -€1,345 | -€12,163 | |
| Income taxes | 67/77 | €5,368 | €2,394 | -€2,974 | -55.4% |
| Profit (loss) for the period | 9904 | €5,450 | -€3,739 | -€9,189 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,450 | -€3,739 | -€9,189 |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.