SPARK CRC: 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 CRC
Largest movements
- Tangible fixed assets +€1.0m
up €1.0m (+67.4%), from €1.5m to €2.5m
of which Assets under construction and advance payments: +€829,747
- Receivables within one year +€194,372
up €194,372 (+548.5%), from €35,439 to €229,811
of which Other amounts receivable: +€194,103
- Cash -€147,316
down €147,316 (-75.6%), from €194,953 to €47,638
mainly Investment in fixed assets (net) (-€1.1m) and Receivables within one year (-€194,372)
- Debts after one year +€871,767
up €871,767 (+84.5%), from €1.0m to €1.9m
- Reserves +€114,807
up €114,807 (+19.9%), from €576,772 to €691,579
- Current portion of long-term debt +€52,235
up €52,235 (+51.6%), from €101,155 to €153,390
- Depreciation +€58,768
up €58,768 (+175.4%), from €33,512 to €92,280
- Gross operating margin +€56,958
up €56,958 (+25.3%), from €224,764 to €281,722
- Financial charges +€28,015
up €28,015 (+145.6%), from €19,243 to €47,257
- Financial income +€8,972
up €8,972 (+263.0%), from €3,412 to €12,384
- Taxes -€4,176
down €4,176 (-10.0%), from €41,599 to €37,423
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 | €1,898,744 | €2,945,063 | +€1.0m | +55.1% |
| Fixed assets | 21/28 | €1,630,476 | €2,649,128 | +€1.0m | +62.5% |
| Tangible fixed assets | 22/27 | €1,511,816 | €2,530,218 | +€1.0m | +67.4% |
| Land and buildings | 22 | €366,710 | €370,511 | +€3,801 | +1.0% |
| Plant, machinery and equipment | 23 | €1,313 | €688 | -€625 | -47.6% |
| Furniture and vehicles | 24 | €1,376 | €23,821 | +€22,444 | +1631.1% |
| Leasing and similar rights | 25 | - | €163,034 | +€163,034 | |
| Assets under construction and advance payments | 27 | €1,142,417 | €1,972,164 | +€829,747 | +72.6% |
| Financial fixed assets | 28 | €118,661 | €118,911 | +€250 | +0.2% |
| Current assets | 29/58 | €268,268 | €295,934 | +€27,666 | +10.3% |
| Amounts receivable within one year | 40/41 | €35,439 | €229,811 | +€194,372 | +548.5% |
| Trade receivables | 40 | €24,611 | €24,880 | +€269 | +1.1% |
| Other amounts receivable | 41 | €10,828 | €204,932 | +€194,103 | +1792.6% |
| Current investments | 50/53 | €19,278 | €0 | -€19,278 | -100.0% |
| Cash at bank and in hand | 54/58 | €194,953 | €47,638 | -€147,316 | -75.6% |
| Deferred charges and accrued income | 490/1 | €18,597 | €18,486 | -€112 | -0.6% |
| Total equity and liabilities | 10/49 | €1,898,744 | €2,945,063 | +€1.0m | +55.1% |
| Equity | 10/15 | €595,372 | €710,179 | +€114,807 | +19.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €576,772 | €691,579 | +€114,807 | +19.9% |
| Distributable reserves | 133 | €576,772 | €691,579 | +€114,807 | +19.9% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €1,303,372 | €2,234,884 | +€931,512 | +71.5% |
| Amounts payable after more than one year | 17 | €1,031,857 | €1,903,625 | +€871,767 | +84.5% |
| Financial debts | 170/4 | €1,031,857 | €1,903,625 | +€871,767 | +84.5% |
| Amounts payable within one year | 42/48 | €168,351 | €234,040 | +€65,690 | +39.0% |
| Current portion of amounts payable after more than one year | 42 | €101,155 | €153,390 | +€52,235 | +51.6% |
| Financial debts | 43 | €1,863 | €1,388 | -€475 | -25.5% |
| Credit institutions | 430/8 | €1,863 | €1,388 | -€475 | -25.5% |
| Trade debts | 44 | €42,764 | €60,436 | +€17,672 | +41.3% |
| Suppliers | 440/4 | €42,764 | €60,436 | +€17,672 | +41.3% |
| Taxes, remuneration and social security | 45 | €22,569 | €18,827 | -€3,742 | -16.6% |
| Taxes | 450/3 | €22,569 | €18,827 | -€3,742 | -16.6% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €103,164 | €97,219 | -€5,945 | -5.8% |
| Non-recurring operating income | 76A | €424 | €0 | -€424 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,512 | €92,280 | +€58,768 | +175.4% |
| Other operating charges | 640/8 | €1,750 | €2,339 | +€590 | +33.7% |
| Gross operating margin | 9900 | €224,764 | €281,722 | +€56,958 | +25.3% |
| Operating profit (loss) | 9901 | €189,502 | €187,103 | -€2,400 | -1.3% |
| Financial income | 75/76B | €3,412 | €12,384 | +€8,972 | +263.0% |
| Recurring financial income | 75 | €3,412 | €12,384 | +€8,972 | +263.0% |
| Financial charges | 65/66B | €19,243 | €47,257 | +€28,015 | +145.6% |
| Recurring financial charges | 65 | €19,243 | €47,257 | +€28,015 | +145.6% |
| Profit (loss) for the period before taxes | 9903 | €173,672 | €152,230 | -€21,442 | -12.3% |
| Income taxes | 67/77 | €41,599 | €37,423 | -€4,176 | -10.0% |
| Profit (loss) for the period | 9904 | €132,072 | €114,807 | -€17,266 | -13.1% |
| Profit (loss) for the period to be appropriated | 9905 | €132,072 | €114,807 | -€17,266 | -13.1% |
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 5 October 2026 via checked.be.